Average Cost Controller Salary in Mexico for 2024

In this article, we will look at the average Cost Controller salary for 2024 in Mexico and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Mexican peso. To keep things simple, we are using the MXN currency code instead of the currency symbol $.

How Much Does a Cost Controller Make in Mexico?

A Cost Controller working in Mexico will typically earn around 352,000 MXN per year, and this can range from the lowest average salary of about 187,500 MXN to the highest average salary of 531,700 MXN.

Average Annual Salary
352,000 MXN
Average Monthly Salary
29,333 MXN

Lowest Annual Salary
187,500 MXN
Lowest Monthly Salary
15,625 MXN

Highest Annual Salary
531,700 MXN
Highest Monthly Salary
44,308 MXN

These are average salaries for a Cost Controller in Mexico and include benefits such as housing and transport. It's also possible for a Cost Controller to earn more or less than the average salaries shown above.

Cost Controller salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Cost Controller Salaries in Mexico

So we've looked at the average salaries a Cost Controller will earn in Mexico. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Cost Controller can earn between 187,500 MXN and 531,700 MXN on average in Mexico. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Cost Controller in Mexico is 327,300 MXN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 327,300 MXN, and 50% of the population earn more than 327,300 MXN.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Cost Controller salary in Mexico, 25% of the population are earning less than 232,900 MXN while 75% of the population earn more than 232,900 MXN.

75% of the population earn less than 404,600 MXN, and 25% of the population earn more than 404,600 MXN.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Cost Controller Salary by Experience Level in Mexico

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average cost controller salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Cost Controller in Mexico that has less than two years of experience can expect to earn somewhere in the region of 212,500 MXN.
  • 2 - 5 Years Experience. With two to five years of experience the average Cost Controller salary would increase to 263,200 MXN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Cost Controller, the average salary would be 369,300 MXN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 431,300 MXN.
  • 15 - 20 Years Experience. A Cost Controller with 15 to 20 years of experience can earn an average of 478,100 MXN.
  • 20+ Years Experience. For a Cost Controller with more than 20 years, the expected average salary increases to 504,300 MXN.

Average Salary by Experience Chart

0-2 Years
212,500 MXN
2-5 Years +23%
263,200 MXN
5-10 Years +42%
369,300 MXN
10-15 Years +17%
431,300 MXN
15-20 Years +10%
478,100 MXN
20+ Years +6%
504,300 MXN

Cost Controller Salary by Education Level in Mexico

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Cost Controller in Mexico based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Cost Controller in Mexico with a high school education can earn an average salary of 257,700 MXN.

  • Certificate or Diploma. A Cost Controller in Mexico with a certificate or diploma education can earn an average salary of 294,700 MXN.

  • Bachelor's Degree. A Cost Controller in Mexico with a bachelor's degree education can earn an average salary of 384,200 MXN.

  • Master's Degree. A Cost Controller in Mexico with a master's degree education can earn an average salary of 504,300 MXN.

Average Salary by Education Chart

High School
257,700 MXN
Certificate or Diploma +13%
294,700 MXN
Bachelor's Degree +31%
384,200 MXN
Master's Degree +32%
504,300 MXN

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Mexico is around 166,000 to 498,000 MXN and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Cost Controller Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Mexico, a male cost controller will earn an average of 366,200 MXN, while a female cost controller will earn around 325,900 MXN.

This means that a male cost controller earns approximately 12% more than a female cost controller for performing the same job.

Average Salary by Gender Chart in Mexico

Male
366,200 MXN
Female -12%
325,900 MXN

Cost Controller Average Pay Raise in Mexico

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Cost Controller in Mexico is around 12% every 17 months.

The national average pay raise across all professions and industries in Mexico is around 8% every 18 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 12 ÷ 17 ) × 12  = 8%

What this means is that a Cost Controller in Mexico can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Mexico for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Mexico.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Cost Controller Bonus and Incentive Rates in Mexico

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Cost Controller is a high bonus based job, with 76% of employees reporting at least one bonus in the last 12 months.

24% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 6% to 8%.

Received Bonus
76%
No Bonus
24%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Mexico earn approximately 8% more than private sector employees in the same role.

Public Sector
415,900 MXN
Private Sector -8%
384,200 MXN

Salaries for Jobs Similar to a Cost Controller

In the table below, we have salary information for jobs that are similar to a Cost Controller in Mexico.

Job Title Category Salary
Assistant Business Development Manager Business Planning 522,700 MXN
Assistant Merchandise Planner Business Planning 315,700 MXN
Business Advisor Business Planning 514,300 MXN
Business Analyst Business Planning 476,600 MXN
Business Consultant Business Planning 483,800 MXN
Business Continuity Associate Business Planning 288,100 MXN
Business Developer Business Planning 315,900 MXN
Business Development Analyst Business Planning 357,300 MXN
Business Development Associate Business Planning 265,000 MXN
Business Development Coordinator Business Planning 267,100 MXN
Business Development Director Business Planning 721,600 MXN
Business Development Engineer Business Planning 377,200 MXN
Business Development Executive Business Planning 514,300 MXN
Business Development Manager Business Planning 605,700 MXN
Business Development Specialist Business Planning 466,900 MXN
Business Manager Business Planning 553,800 MXN
Business Operations Specialist Business Planning 471,700 MXN
Business Process Writer Business Planning 273,000 MXN
Business Systems Analyst Business Planning 519,300 MXN
Capacity Planner Business Planning 340,400 MXN
Capacity Planning Supervisor Business Planning 472,100 MXN
Change Communications Analyst Business Planning 472,100 MXN
Change Control Analyst Business Planning 454,900 MXN
Change Impact Analyst Business Planning 478,000 MXN
Contracts Executive Business Planning 499,300 MXN
Corporate Strategy Analyst Business Planning 492,700 MXN
Cost Control Engineer Business Planning 327,300 MXN
Cost Estimator Business Planning 325,600 MXN
Data Executive Business Planning 266,000 MXN
Data Manager Business Planning 369,300 MXN
Data Processing Manager Business Planning 442,200 MXN
Development Researcher Business Planning 365,400 MXN
Director of Business Development Business Planning 683,800 MXN
Director of Production Planning Business Planning 588,500 MXN
Due Diligence Analyst Business Planning 543,200 MXN
Estimating Manager Business Planning 510,300 MXN
General Manager Business Planning 603,400 MXN
Incident Handler Business Planning 340,400 MXN
Incident Specialist Business Planning 433,800 MXN
Lean Consultant Business Planning 357,300 MXN
Manager Business Planning 653,200 MXN
Marketing and Business Development Manager Business Planning 587,800 MXN
Materials Planner Business Planning 214,000 MXN
Merchandise Assistant Business Planning 216,800 MXN
Merchandise Controller Business Planning 205,700 MXN
Merchandise Planner Business Planning 221,500 MXN
Operations Analyst Business Planning 467,100 MXN
Operations Manager Business Planning 533,000 MXN
Operations Research Analyst Business Planning 301,600 MXN
Planning and Reporting Manager Business Planning 553,800 MXN
Planning Director Business Planning 626,800 MXN
Project Administrator Business Planning 319,600 MXN
Project Manager Business Planning 516,100 MXN
Project Planner Business Planning 327,800 MXN
Research Assistant Business Planning 266,000 MXN
Research Engineer Business Planning 320,500 MXN
Research Officer Business Planning 246,200 MXN
Risk Management Specialist Business Planning 485,200 MXN
Scholarship Coordinator Business Planning 238,900 MXN
Store Planner Business Planning 243,000 MXN
Strategy Director Business Planning 695,200 MXN
Top Research and Development Executive Business Planning 701,400 MXN

Salary Comparison by City

If you want to compare salaries with different cities in Mexico, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Acapulco 382,000 MXN
Acuna 300,300 MXN
Aguascalientes 381,450 MXN
Boca del Rio 262,250 MXN
Buenavista 304,800 MXN
Campeche 307,300 MXN
Cancun 381,500 MXN
Celaya 338,650 MXN
Chalco 274,350 MXN
Chetumal 265,600 MXN
Chicoloapan 289,200 MXN
Chihuahua 391,550 MXN
Chilpancingo 285,500 MXN
Chimalhuacan 377,900 MXN
Cholula de Rivadabia 282,400 MXN
Ciudad Apodaca 351,750 MXN
Ciudad del Carmen 281,750 MXN
Ciudad Juarez 270,000 MXN
Ciudad Lopez Mateos 359,850 MXN
Ciudad Obregon 332,950 MXN
Ciudad Santa Catarina 314,900 MXN
Ciudad Valles 255,000 MXN
Ciudad Victoria 331,250 MXN
Coacalco 322,250 MXN
Coatzacoalcos 299,500 MXN
Colima 264,300 MXN
Cordoba 271,650 MXN
Cuautitlan Izcalli 355,950 MXN
Cuautla 276,700 MXN
Cuernavaca 331,600 MXN
Culiacan 400,600 MXN
Delicias 261,950 MXN
Durango 367,950 MXN
Ecatepec de Morelos 414,950 MXN
Ensenada 331,950 MXN
Fresnillo 249,600 MXN
General Escobedo 332,950 MXN
Gomez Palacio 322,150 MXN
Guadalajara 393,750 MXN
Guadalupe 381,750 MXN
Guaymas 241,950 MXN
Hermosillo 382,850 MXN
Hidalgo del Parral 243,600 MXN
Iguala 254,900 MXN
Irapuato 338,450 MXN
Ixtapaluca 328,850 MXN
Jiutepec 272,100 MXN
La Paz 303,000 MXN
Leon 386,050 MXN
Los Mochis 317,100 MXN
Los Reyes la Paz 311,300 MXN
Manzanillo 246,150 MXN
Matamoros 364,800 MXN
Mazatlan 348,800 MXN
Merida 370,000 MXN
Metepec 292,500 MXN
Mexicali 397,700 MXN
Mexico City 392,050 MXN
Minatitlan 237,050 MXN
Monclova 303,200 MXN
Monterrey 400,450 MXN
Morelia 358,200 MXN
Naucalpan 405,750 MXN
Navojoa 240,250 MXN
Nezahualcoyotl 402,900 MXN
Nogales 292,450 MXN
Nuevo Laredo 349,000 MXN
Oaxaca 312,300 MXN
Ojo de Agua 306,250 MXN
Orizaba 245,050 MXN
Pachuca 319,950 MXN
Piedras Negras 270,350 MXN
Playa del Carmen 256,300 MXN
Poza Rica 288,650 MXN
Puebla 416,950 MXN
Puerto Vallarta 298,550 MXN
Queretaro 366,400 MXN
Reynosa 356,000 MXN
Salamanca 270,450 MXN
Saltillo 391,000 MXN
San Cristobal de las Casas 284,900 MXN
San Juan del Rio 268,400 MXN
San Luis Potosi 370,000 MXN
San Luis Rio Colorado 279,750 MXN
San Nicolas de los Garza 354,750 MXN
San Pablo de las Salinas 291,700 MXN
San Pedro Garza Garcia 241,050 MXN
Soledad de Graciano Sanchez 308,700 MXN
Tampico 333,650 MXN
Tapachula 286,500 MXN
Tehuacan 317,100 MXN
Tepic 340,650 MXN
Tijuana 399,400 MXN
Tlalnepantla de Baz 384,000 MXN
Tlaquepaque 366,950 MXN
Toluca 362,900 MXN
Tonala 347,800 MXN
Torreon 384,300 MXN
Tuxtla Gutierrez 372,350 MXN
Uruapan 318,650 MXN
Veracruz 340,350 MXN
Villa Nicolas Romero 320,500 MXN
Villahermosa 351,750 MXN
Xalapa 352,650 MXN
Xico 338,650 MXN
Zacatecas 256,900 MXN
Zamora de Hidalgo 255,250 MXN
Zapopan 389,700 MXN

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