Average Development Researcher Salary in Peru for 2024

In this article, we will look at the average Development Researcher salary for 2024 in Peru 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 Peruvian sol. To keep things simple, we are using the PEN currency code instead of the currency symbol S/ .

How Much Does a Development Researcher Make in Peru?

A Development Researcher working in Peru will typically earn around 78,160 PEN per year, and this can range from the lowest average salary of about 40,240 PEN to the highest average salary of 119,900 PEN.

Average Annual Salary
78,160 PEN
Average Monthly Salary
6,513 PEN

Lowest Annual Salary
40,240 PEN
Lowest Monthly Salary
3,353 PEN

Highest Annual Salary
119,900 PEN
Highest Monthly Salary
9,991 PEN

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

Development Researcher 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 Development Researcher Salaries in Peru

So we've looked at the average salaries a Development Researcher will earn in Peru. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Development Researcher can earn between 40,240 PEN and 119,900 PEN on average in Peru. 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 Development Researcher in Peru is 78,160 PEN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 78,160 PEN, and 50% of the population earn more than 78,160 PEN.

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 Development Researcher salary in Peru, 25% of the population are earning less than 51,120 PEN while 75% of the population earn more than 51,120 PEN.

75% of the population earn less than 99,460 PEN, and 25% of the population earn more than 99,460 PEN.

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.

Development Researcher Salary by Experience Level in Peru

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 development researcher 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 Development Researcher in Peru that has less than two years of experience can expect to earn somewhere in the region of 48,140 PEN.
  • 2 - 5 Years Experience. With two to five years of experience the average Development Researcher salary would increase to 61,780 PEN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Development Researcher, the average salary would be 83,760 PEN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 98,540 PEN.
  • 15 - 20 Years Experience. A Development Researcher with 15 to 20 years of experience can earn an average of 105,940 PEN.
  • 20+ Years Experience. For a Development Researcher with more than 20 years, the expected average salary increases to 113,740 PEN.

Average Salary by Experience Chart

0-2 Years
48,140 PEN
2-5 Years +32%
61,780 PEN
5-10 Years +34%
83,760 PEN
10-15 Years +19%
98,540 PEN
15-20 Years +8%
105,940 PEN
20+ Years +7%
113,740 PEN

Development Researcher Salary by Education Level in Peru

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 Development Researcher in Peru based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Development Researcher in Peru with a bachelor's degree education can earn an average salary of 67,900 PEN.

  • Master's Degree. A Development Researcher in Peru with a master's degree education can earn an average salary of 104,140 PEN.

Average Salary by Education Chart

Bachelor's Degree
67,900 PEN
Master's Degree +58%
104,140 PEN

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 Peru is around 37,700 to 113,000 PEN 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.

Development Researcher 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 Peru, a male development researcher will earn an average of 80,480 PEN, while a female development researcher will earn around 74,300 PEN.

This means that a male development researcher earns approximately 8% more than a female development researcher for performing the same job.

Average Salary by Gender Chart in Peru

Male
80,480 PEN
Female -8%
74,300 PEN

Development Researcher Average Pay Raise in Peru

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 Development Researcher in Peru is around 13% every 16 months.

The national average pay raise across all professions and industries in Peru is around 9% every 17 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 = ( 13 ÷ 16 ) × 12  = 10%

What this means is that a Development Researcher in Peru can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in Peru for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Development Researcher Bonus and Incentive Rates in Peru

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 Development Researcher is a high bonus based job, with 78% of employees reporting at least one bonus in the last 12 months.

22% 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
78%
No Bonus
22%

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 Peru earn approximately 10% more than private sector employees in the same role.

Public Sector
93,880 PEN
Private Sector -10%
85,700 PEN

Salaries for Jobs Similar to a Development Researcher

In the table below, we have salary information for jobs that are similar to a Development Researcher in Peru.

Job Title Category Salary
Assistant Business Development Manager Business Planning 119,900 PEN
Assistant Merchandise Planner Business Planning 72,180 PEN
Business Advisor Business Planning 104,060 PEN
Business Analyst Business Planning 112,420 PEN
Business Consultant Business Planning 105,300 PEN
Business Continuity Associate Business Planning 69,240 PEN
Business Developer Business Planning 67,900 PEN
Business Development Analyst Business Planning 80,060 PEN
Business Development Associate Business Planning 59,240 PEN
Business Development Coordinator Business Planning 57,820 PEN
Business Development Director Business Planning 152,000 PEN
Business Development Engineer Business Planning 82,920 PEN
Business Development Executive Business Planning 116,960 PEN
Business Development Manager Business Planning 136,200 PEN
Business Development Specialist Business Planning 104,900 PEN
Business Manager Business Planning 125,700 PEN
Business Operations Specialist Business Planning 102,380 PEN
Business Process Writer Business Planning 62,860 PEN
Business Systems Analyst Business Planning 111,240 PEN
Capacity Planner Business Planning 78,940 PEN
Capacity Planning Supervisor Business Planning 101,860 PEN
Change Communications Analyst Business Planning 97,840 PEN
Change Control Analyst Business Planning 95,600 PEN
Change Impact Analyst Business Planning 103,580 PEN
Contracts Executive Business Planning 103,200 PEN
Corporate Strategy Analyst Business Planning 110,340 PEN
Cost Control Engineer Business Planning 66,120 PEN
Cost Controller Business Planning 82,920 PEN
Cost Estimator Business Planning 72,780 PEN
Data Executive Business Planning 57,440 PEN
Data Manager Business Planning 81,880 PEN
Data Processing Manager Business Planning 99,340 PEN
Director of Business Development Business Planning 152,000 PEN
Director of Production Planning Business Planning 128,900 PEN
Due Diligence Analyst Business Planning 115,260 PEN
Estimating Manager Business Planning 113,420 PEN
General Manager Business Planning 136,200 PEN
Incident Handler Business Planning 73,020 PEN
Incident Specialist Business Planning 89,280 PEN
Lean Consultant Business Planning 77,100 PEN
Manager Business Planning 139,100 PEN
Marketing and Business Development Manager Business Planning 127,700 PEN
Materials Planner Business Planning 48,940 PEN
Merchandise Assistant Business Planning 45,000 PEN
Merchandise Controller Business Planning 42,960 PEN
Merchandise Planner Business Planning 47,400 PEN
Operations Analyst Business Planning 92,680 PEN
Operations Manager Business Planning 116,380 PEN
Operations Research Analyst Business Planning 61,760 PEN
Planning and Reporting Manager Business Planning 118,200 PEN
Planning Director Business Planning 138,200 PEN
Project Administrator Business Planning 70,600 PEN
Project Manager Business Planning 106,760 PEN
Project Planner Business Planning 69,060 PEN
Research Assistant Business Planning 60,400 PEN
Research Engineer Business Planning 65,760 PEN
Research Officer Business Planning 53,840 PEN
Risk Management Specialist Business Planning 101,920 PEN
Scholarship Coordinator Business Planning 53,320 PEN
Store Planner Business Planning 52,540 PEN
Strategy Director Business Planning 143,200 PEN
Top Research and Development Executive Business Planning 163,800 PEN

Salary Comparison by City

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

City Average Salary
Arequipa 88,260 PEN
Chiclayo 78,400 PEN
Cusco 76,440 PEN
Huancayo 75,100 PEN
Iquitos 76,540 PEN
Lima 89,980 PEN
Trujillo 84,780 PEN

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Development Researcher Salary in Peru for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-development-researcher-salary-in-peru/.

  • "Average Development Researcher Salary in Peru for 2024". World Salaries, https://worldsalaries.com/average-development-researcher-salary-in-peru/. Accessed 28 March, 2024

  • Average Development Researcher Salary in Peru for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-development-researcher-salary-in-peru/.