Average Estimating Manager Salary in Suriname for 2024

In this article, we will look at the average Estimating Manager salary for 2024 in Suriname 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 Surinamese dollar. To keep things simple, we are using the SRD currency code instead of the currency symbol $.

How Much Does an Estimating Manager Make in Suriname?

An Estimating Manager working in Suriname will typically earn around 81,180 SRD per year, and this can range from the lowest average salary of about 39,080 SRD to the highest average salary of 128,900 SRD.

Average Annual Salary
81,180 SRD
Average Monthly Salary
6,765 SRD

Lowest Annual Salary
39,080 SRD
Lowest Monthly Salary
3,256 SRD

Highest Annual Salary
128,900 SRD
Highest Monthly Salary
10,741 SRD

These are average salaries for an Estimating Manager in Suriname and include benefits such as housing and transport. It's also possible for an Estimating Manager to earn more or less than the average salaries shown above.

Estimating Manager 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 Estimating Manager Salaries in Suriname

So we've looked at the average salaries an Estimating Manager will earn in Suriname. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Estimating Manager can earn between 39,080 SRD and 128,900 SRD on average in Suriname. 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 an Estimating Manager in Suriname is 88,620 SRD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 88,620 SRD, and 50% of the population earn more than 88,620 SRD.

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 Estimating Manager salary in Suriname, 25% of the population are earning less than 57,900 SRD while 75% of the population earn more than 57,900 SRD.

75% of the population earn less than 116,180 SRD, and 25% of the population earn more than 116,180 SRD.

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.

Estimating Manager Salary by Experience Level in Suriname

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 estimating manager 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. An Estimating Manager in Suriname that has less than two years of experience can expect to earn somewhere in the region of 46,280 SRD.
  • 2 - 5 Years Experience. With two to five years of experience the average Estimating Manager salary would increase to 60,600 SRD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Estimating Manager, the average salary would be 87,060 SRD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 107,380 SRD.
  • 15 - 20 Years Experience. An Estimating Manager with 15 to 20 years of experience can earn an average of 114,380 SRD.
  • 20+ Years Experience. For an Estimating Manager with more than 20 years, the expected average salary increases to 125,100 SRD.

Average Salary by Experience Chart

0-2 Years
46,280 SRD
2-5 Years +38%
60,600 SRD
5-10 Years +42%
87,060 SRD
10-15 Years +22%
107,380 SRD
15-20 Years +6%
114,380 SRD
20+ Years +9%
125,100 SRD

Estimating Manager Salary by Education Level in Suriname

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 an Estimating Manager in Suriname based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An Estimating Manager in Suriname with a high school education can earn an average salary of 56,140 SRD.

  • Certificate or Diploma. An Estimating Manager in Suriname with a certificate or diploma education can earn an average salary of 62,860 SRD.

  • Bachelor's Degree. An Estimating Manager in Suriname with a bachelor's degree education can earn an average salary of 95,760 SRD.

  • Master's Degree. An Estimating Manager in Suriname with a master's degree education can earn an average salary of 125,100 SRD.

Average Salary by Education Chart

High School
56,140 SRD
Certificate or Diploma +17%
62,860 SRD
Bachelor's Degree +45%
95,760 SRD
Master's Degree +31%
125,100 SRD

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 Suriname is around 25,700 to 77,100 SRD 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.

Estimating Manager 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 Suriname, a male estimating manager will earn an average of 87,520 SRD, while a female estimating manager will earn around 79,240 SRD.

This means that a male estimating manager earns approximately 10% more than a female estimating manager for performing the same job.

Average Salary by Gender Chart in Suriname

Male
87,520 SRD
Female -10%
79,240 SRD

Estimating Manager Average Pay Raise in Suriname

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 an Estimating Manager in Suriname is around 10% every 27 months.

The national average pay raise across all professions and industries in Suriname is around 5% every 28 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 = ( 10 ÷ 27 ) × 12  = 4%

What this means is that an Estimating Manager in Suriname can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Suriname for 2024

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

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%

Estimating Manager Bonus and Incentive Rates in Suriname

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.

An Estimating Manager is a moderate bonus based job, with 66% of employees reporting at least one bonus in the last 12 months.

34% 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 9%.

Received Bonus
66%
No Bonus
34%

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 Suriname earn approximately 20% more than private sector employees in the same role.

Public Sector
67,900 SRD
Private Sector -20%
56,460 SRD

Salaries for Jobs Similar to an Estimating Manager

In the table below, we have salary information for jobs that are similar to an Estimating Manager in Suriname.

Job Title Category Salary
Assistant Business Development Manager Business Planning 81,880 SRD
Assistant Merchandise Planner Business Planning 49,700 SRD
Business Advisor Business Planning 83,140 SRD
Business Analyst Business Planning 81,960 SRD
Business Consultant Business Planning 82,480 SRD
Business Continuity Associate Business Planning 48,200 SRD
Business Developer Business Planning 51,080 SRD
Business Development Analyst Business Planning 56,880 SRD
Business Development Associate Business Planning 40,600 SRD
Business Development Coordinator Business Planning 44,140 SRD
Business Development Director Business Planning 106,960 SRD
Business Development Engineer Business Planning 59,660 SRD
Business Development Executive Business Planning 79,240 SRD
Business Development Manager Business Planning 106,740 SRD
Business Development Specialist Business Planning 78,160 SRD
Business Manager Business Planning 92,900 SRD
Business Operations Specialist Business Planning 74,380 SRD
Business Process Writer Business Planning 42,960 SRD
Business Systems Analyst Business Planning 83,020 SRD
Capacity Planner Business Planning 53,660 SRD
Capacity Planning Supervisor Business Planning 70,700 SRD
Change Communications Analyst Business Planning 71,700 SRD
Change Control Analyst Business Planning 72,420 SRD
Change Impact Analyst Business Planning 75,040 SRD
Contracts Executive Business Planning 80,020 SRD
Corporate Strategy Analyst Business Planning 78,260 SRD
Cost Control Engineer Business Planning 49,560 SRD
Cost Controller Business Planning 55,820 SRD
Cost Estimator Business Planning 51,120 SRD
Data Executive Business Planning 44,300 SRD
Data Manager Business Planning 58,280 SRD
Data Processing Manager Business Planning 69,240 SRD
Development Researcher Business Planning 60,600 SRD
Director of Business Development Business Planning 106,960 SRD
Director of Production Planning Business Planning 93,100 SRD
Due Diligence Analyst Business Planning 82,520 SRD
General Manager Business Planning 93,780 SRD
Incident Handler Business Planning 57,900 SRD
Incident Specialist Business Planning 69,040 SRD
Lean Consultant Business Planning 62,100 SRD
Manager Business Planning 106,780 SRD
Marketing and Business Development Manager Business Planning 92,720 SRD
Materials Planner Business Planning 35,500 SRD
Merchandise Assistant Business Planning 35,520 SRD
Merchandise Controller Business Planning 34,360 SRD
Merchandise Planner Business Planning 34,540 SRD
Operations Analyst Business Planning 73,820 SRD
Operations Manager Business Planning 80,280 SRD
Operations Research Analyst Business Planning 49,820 SRD
Planning and Reporting Manager Business Planning 87,000 SRD
Planning Director Business Planning 102,020 SRD
Project Administrator Business Planning 48,760 SRD
Project Manager Business Planning 80,060 SRD
Project Planner Business Planning 50,080 SRD
Research Assistant Business Planning 41,820 SRD
Research Engineer Business Planning 46,880 SRD
Research Officer Business Planning 37,880 SRD
Risk Management Specialist Business Planning 73,760 SRD
Scholarship Coordinator Business Planning 41,900 SRD
Store Planner Business Planning 40,140 SRD
Strategy Director Business Planning 110,340 SRD
Top Research and Development Executive Business Planning 119,500 SRD

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