Average Cost Estimator Salary in Cuba for 2024

In this article, we will look at the average Cost Estimator salary for 2024 in Cuba 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 Cuban convertible peso. To keep things simple, we are using the CUC currency code instead of the currency symbol $.

How Much Does a Cost Estimator Make in Cuba?

A Cost Estimator working in Cuba will typically earn around 215,100 CUC per year, and this can range from the lowest average salary of about 107,580 CUC to the highest average salary of 335,100 CUC.

Average Annual Salary
215,100 CUC
Average Monthly Salary
17,925 CUC

Lowest Annual Salary
107,580 CUC
Lowest Monthly Salary
8,965 CUC

Highest Annual Salary
335,100 CUC
Highest Monthly Salary
27,925 CUC

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

Cost Estimator 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 Estimator Salaries in Cuba

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

Salary ranges

We already know that a Cost Estimator can earn between 107,580 CUC and 335,100 CUC on average in Cuba. 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 Estimator in Cuba is 215,100 CUC. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 215,100 CUC, and 50% of the population earn more than 215,100 CUC.

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 Estimator salary in Cuba, 25% of the population are earning less than 146,200 CUC while 75% of the population earn more than 146,200 CUC.

75% of the population earn less than 273,000 CUC, and 25% of the population earn more than 273,000 CUC.

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 Estimator Salary by Experience Level in Cuba

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 estimator 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 Estimator in Cuba that has less than two years of experience can expect to earn somewhere in the region of 128,500 CUC.
  • 2 - 5 Years Experience. With two to five years of experience the average Cost Estimator salary would increase to 172,200 CUC.
  • 5 - 10 Years Experience. From five to ten years of experience as a Cost Estimator, the average salary would be 228,000 CUC.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 275,200 CUC.
  • 15 - 20 Years Experience. A Cost Estimator with 15 to 20 years of experience can earn an average of 294,700 CUC.
  • 20+ Years Experience. For a Cost Estimator with more than 20 years, the expected average salary increases to 315,900 CUC.

Average Salary by Experience Chart

0-2 Years
128,500 CUC
2-5 Years +32%
172,200 CUC
5-10 Years +34%
228,000 CUC
10-15 Years +19%
275,200 CUC
15-20 Years +8%
294,700 CUC
20+ Years +7%
315,900 CUC

Cost Estimator Salary by Education Level in Cuba

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 Estimator in Cuba 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 Estimator in Cuba with a high school education can earn an average salary of 161,300 CUC.

  • Certificate or Diploma. A Cost Estimator in Cuba with a certificate or diploma education can earn an average salary of 185,100 CUC.

  • Bachelor's Degree. A Cost Estimator in Cuba with a bachelor's degree education can earn an average salary of 249,600 CUC.

  • Master's Degree. A Cost Estimator in Cuba with a master's degree education can earn an average salary of 315,900 CUC.

Average Salary by Education Chart

High School
161,300 CUC
Certificate or Diploma +14%
185,100 CUC
Bachelor's Degree +36%
249,600 CUC
Master's Degree +26%
315,900 CUC

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 Cuba is around 110,000 to 329,000 CUC 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 Estimator 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 Cuba, a male cost estimator will earn an average of 222,300 CUC, while a female cost estimator will earn around 208,600 CUC.

This means that a male cost estimator earns approximately 7% more than a female cost estimator for performing the same job.

Average Salary by Gender Chart in Cuba

Male
222,300 CUC
Female -7%
208,600 CUC

Cost Estimator Average Pay Raise in Cuba

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 Estimator in Cuba is around 8% every 27 months.

The national average pay raise across all professions and industries in Cuba is around 4% every 29 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 = ( 8 ÷ 27 ) × 12  = 4%

What this means is that a Cost Estimator in Cuba can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Cuba for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Cost Estimator Bonus and Incentive Rates in Cuba

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 Estimator is a moderate bonus based job, with 62% of employees reporting at least one bonus in the last 12 months.

38% 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 5% to 8%.

Received Bonus
62%
No Bonus
38%

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 Cuba earn approximately 12% more than private sector employees in the same role.

Public Sector
275,200 CUC
Private Sector -12%
246,500 CUC

Salaries for Jobs Similar to a Cost Estimator

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

Job Title Category Salary
Assistant Business Development Manager Business Planning 353,600 CUC
Assistant Merchandise Planner Business Planning 195,200 CUC
Business Advisor Business Planning 327,800 CUC
Business Analyst Business Planning 309,800 CUC
Business Consultant Business Planning 318,800 CUC
Business Continuity Associate Business Planning 197,600 CUC
Business Developer Business Planning 197,600 CUC
Business Development Analyst Business Planning 233,900 CUC
Business Development Associate Business Planning 167,100 CUC
Business Development Coordinator Business Planning 180,300 CUC
Business Development Director Business Planning 437,300 CUC
Business Development Engineer Business Planning 258,400 CUC
Business Development Executive Business Planning 320,500 CUC
Business Development Manager Business Planning 428,400 CUC
Business Development Specialist Business Planning 318,800 CUC
Business Manager Business Planning 369,900 CUC
Business Operations Specialist Business Planning 317,700 CUC
Business Process Writer Business Planning 180,500 CUC
Business Systems Analyst Business Planning 319,600 CUC
Capacity Planner Business Planning 231,000 CUC
Capacity Planning Supervisor Business Planning 294,300 CUC
Change Communications Analyst Business Planning 309,800 CUC
Change Control Analyst Business Planning 301,600 CUC
Change Impact Analyst Business Planning 292,000 CUC
Contracts Executive Business Planning 301,300 CUC
Corporate Strategy Analyst Business Planning 311,700 CUC
Cost Control Engineer Business Planning 210,500 CUC
Cost Controller Business Planning 231,000 CUC
Data Executive Business Planning 164,200 CUC
Data Manager Business Planning 239,300 CUC
Data Processing Manager Business Planning 288,700 CUC
Development Researcher Business Planning 232,900 CUC
Director of Business Development Business Planning 459,300 CUC
Director of Production Planning Business Planning 394,800 CUC
Due Diligence Analyst Business Planning 345,100 CUC
Estimating Manager Business Planning 357,700 CUC
General Manager Business Planning 378,300 CUC
Incident Handler Business Planning 225,700 CUC
Incident Specialist Business Planning 263,100 CUC
Lean Consultant Business Planning 232,400 CUC
Manager Business Planning 407,100 CUC
Marketing and Business Development Manager Business Planning 388,100 CUC
Materials Planner Business Planning 139,100 CUC
Merchandise Assistant Business Planning 134,600 CUC
Merchandise Controller Business Planning 138,800 CUC
Merchandise Planner Business Planning 148,300 CUC
Operations Analyst Business Planning 294,700 CUC
Operations Manager Business Planning 341,400 CUC
Operations Research Analyst Business Planning 197,600 CUC
Planning and Reporting Manager Business Planning 361,600 CUC
Planning Director Business Planning 417,200 CUC
Project Administrator Business Planning 200,000 CUC
Project Manager Business Planning 315,700 CUC
Project Planner Business Planning 205,700 CUC
Research Assistant Business Planning 167,100 CUC
Research Engineer Business Planning 192,600 CUC
Research Officer Business Planning 168,100 CUC
Risk Management Specialist Business Planning 315,700 CUC
Scholarship Coordinator Business Planning 168,100 CUC
Store Planner Business Planning 159,500 CUC
Strategy Director Business Planning 444,300 CUC
Top Research and Development Executive Business Planning 457,300 CUC

Salary Comparison by City

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

City Average Salary
Camaguey 205,700 CUC
Havana 238,900 CUC
Holguin 183,600 CUC
Santiago de Cuba 215,100 CUC

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