Average Financial Encoder Salary in Paraguay for 2024

In this article, we will look at the average Financial Encoder salary for 2024 in Paraguay 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 Paraguayan guaraní. To keep things simple, we are using the PYG currency code instead of the currency symbol ₲.

How Much Does a Financial Encoder Make in Paraguay?

A Financial Encoder working in Paraguay will typically earn around 57,719,800 PYG per year, and this can range from the lowest average salary of about 30,001,600 PYG to the highest average salary of 88,321,100 PYG.

Average Annual Salary
57,719,800 PYG
Average Monthly Salary
4,809,983 PYG

Lowest Annual Salary
30,001,600 PYG
Lowest Monthly Salary
2,500,133 PYG

Highest Annual Salary
88,321,100 PYG
Highest Monthly Salary
7,360,091 PYG

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

Financial Encoder 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 Financial Encoder Salaries in Paraguay

So we've looked at the average salaries a Financial Encoder will earn in Paraguay. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Financial Encoder can earn between 30,001,600 PYG and 88,321,100 PYG on average in Paraguay. 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 Financial Encoder in Paraguay is 55,440,900 PYG. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 55,440,900 PYG, and 50% of the population earn more than 55,440,900 PYG.

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 Financial Encoder salary in Paraguay, 25% of the population are earning less than 38,399,900 PYG while 75% of the population earn more than 38,399,900 PYG.

75% of the population earn less than 69,001,000 PYG, and 25% of the population earn more than 69,001,000 PYG.

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.

Financial Encoder Salary by Experience Level in Paraguay

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 financial encoder 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 Financial Encoder in Paraguay that has less than two years of experience can expect to earn somewhere in the region of 34,078,800 PYG.
  • 2 - 5 Years Experience. With two to five years of experience the average Financial Encoder salary would increase to 45,719,900 PYG.
  • 5 - 10 Years Experience. From five to ten years of experience as a Financial Encoder, the average salary would be 59,398,900 PYG.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 71,999,700 PYG.
  • 15 - 20 Years Experience. A Financial Encoder with 15 to 20 years of experience can earn an average of 78,719,700 PYG.
  • 20+ Years Experience. For a Financial Encoder with more than 20 years, the expected average salary increases to 82,801,800 PYG.

Average Salary by Experience Chart

0-2 Years
34,078,800 PYG
2-5 Years +34%
45,719,900 PYG
5-10 Years +30%
59,398,900 PYG
10-15 Years +21%
71,999,700 PYG
15-20 Years +9%
78,719,700 PYG
20+ Years +5%
82,801,800 PYG

Financial Encoder Salary by Education Level in Paraguay

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 Financial Encoder in Paraguay 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 Financial Encoder in Paraguay with a high school education can earn an average salary of 40,559,300 PYG.

  • Certificate or Diploma. A Financial Encoder in Paraguay with a certificate or diploma education can earn an average salary of 57,961,400 PYG.

  • Bachelor's Degree. A Financial Encoder in Paraguay with a bachelor's degree education can earn an average salary of 80,158,500 PYG.

Average Salary by Education Chart

High School
40,559,300 PYG
Certificate or Diploma +43%
57,961,400 PYG
Bachelor's Degree +38%
80,158,500 PYG

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 Paraguay is around 41,100,000 to 123,000,000 PYG 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.

Financial Encoder 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 Paraguay, a male financial encoder will earn an average of 60,239,600 PYG, while a female financial encoder will earn around 55,801,900 PYG.

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

Average Salary by Gender Chart in Paraguay

Male
60,239,600 PYG
Female -8%
55,801,900 PYG

Financial Encoder Average Pay Raise in Paraguay

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 Financial Encoder in Paraguay is around 7% every 28 months.

The national average pay raise across all professions and industries in Paraguay 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 = ( 7 ÷ 28 ) × 12  = 3%

What this means is that a Financial Encoder in Paraguay can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Paraguay for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Financial Encoder Bonus and Incentive Rates in Paraguay

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 Financial Encoder is a low bonus based job, with 9% of employees reporting at least one bonus in the last 12 months.

91% 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 1% to 3%.

Received Bonus
9%
No Bonus
91%

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

Public Sector
105,478,200 PYG
Private Sector -10%
95,639,500 PYG

Salaries for Jobs Similar to a Financial Encoder

In the table below, we have salary information for jobs that are similar to a Financial Encoder in Paraguay.

Job Title Category Salary
Account Examiner Accounting and Finance 48,239,000 PYG
Account Executive Accounting and Finance 84,121,400 PYG
Accountant Accounting and Finance 67,079,700 PYG
Accounting Analyst Accounting and Finance 86,278,600 PYG
Accounting Assistant Accounting and Finance 50,878,500 PYG
Accounting Associate Accounting and Finance 51,119,900 PYG
Accounting Clerk Accounting and Finance 41,040,700 PYG
Accounting Coordinator Accounting and Finance 57,961,400 PYG
Accounting Head Accounting and Finance 133,198,700 PYG
Accounting Manager Accounting and Finance 146,401,200 PYG
Accounting Officer Accounting and Finance 50,519,600 PYG
Accounting Specialist Accounting and Finance 89,518,100 PYG
Accounting Supervisor Accounting and Finance 91,919,500 PYG
Accounting Technician Accounting and Finance 48,721,100 PYG
Accounting Unit Controller Accounting and Finance 113,999,200 PYG
Accounts Executive Accounting and Finance 85,440,100 PYG
Accounts Officer Accounting and Finance 55,440,900 PYG
Accounts Payable and Receivable Specialist Accounting and Finance 67,681,200 PYG
Accounts Payable Assistant Accounting and Finance 52,558,300 PYG
Accounts Payable Associate Accounting and Finance 62,760,700 PYG
Accounts Payable Clerk Accounting and Finance 49,801,000 PYG
Accounts Payable Manager Accounting and Finance 128,400,500 PYG
Accounts Receivable Administrator Accounting and Finance 99,480,300 PYG
Accounts Receivable Clerk Accounting and Finance 51,719,500 PYG
Accounts Receivable Financial Analyst Accounting and Finance 90,958,900 PYG
Accounts Receivable Manager Accounting and Finance 130,799,600 PYG
Accounts Receivable Team Leader Accounting and Finance 96,959,900 PYG
Assistant Accountant Accounting and Finance 52,201,800 PYG
Assistant Accounting Manager Accounting and Finance 133,198,700 PYG
Assistant Auditor Accounting and Finance 64,439,700 PYG
Assistant Corporate Controller Accounting and Finance 88,560,900 PYG
Assistant Finance Manager Accounting and Finance 146,401,200 PYG
Assistant Financial Controller Accounting and Finance 91,439,200 PYG
Audit Director Accounting and Finance 158,398,200 PYG
Audit Supervisor Accounting and Finance 128,400,500 PYG
Auditing Clerk Accounting and Finance 55,440,900 PYG
Auditing Manager Accounting and Finance 142,799,100 PYG
Billing Clerk Accounting and Finance 51,841,000 PYG
Billing Coordinator Accounting and Finance 60,119,800 PYG
Billing Specialist Accounting and Finance 72,240,100 PYG
Billing Supervisor Accounting and Finance 106,080,900 PYG
Bookkeeper Accounting and Finance 44,280,500 PYG
Bookkeeping Specialist Accounting and Finance 66,359,800 PYG
Budget Analyst Accounting and Finance 112,079,000 PYG
Budget Manager Accounting and Finance 144,001,700 PYG
Business Support Analyst Accounting and Finance 72,601,900 PYG
Capital Markets Associate Accounting and Finance 105,118,300 PYG
Cash Flow Analyst Accounting and Finance 102,119,600 PYG
Cash Management Manager Accounting and Finance 129,601,700 PYG
Cash Management Officer Accounting and Finance 80,640,500 PYG
Cashbook Clerk Accounting and Finance 47,640,400 PYG
Chartered Accountant Accounting and Finance 86,881,900 PYG
Chief Accountant Accounting and Finance 102,359,100 PYG
Collections Clerk Accounting and Finance 41,638,700 PYG
Collections Representative Accounting and Finance 60,361,600 PYG
Collections Specialist Accounting and Finance 65,759,500 PYG
Corporate Controller Accounting and Finance 104,279,900 PYG
Corporate Treasurer Accounting and Finance 123,599,800 PYG
Cost Accountant Accounting and Finance 69,119,600 PYG
Cost Accounting Manager Accounting and Finance 136,800,100 PYG
Cost Accounting Supervisor Accounting and Finance 114,359,900 PYG
Cost Analyst Accounting and Finance 106,801,500 PYG
Credit and Collection Manager Accounting and Finance 139,199,500 PYG
Credit and Collection Staff Accounting and Finance 53,158,700 PYG
Credit and Loans Officer Accounting and Finance 46,921,300 PYG
Credit Controller Accounting and Finance 93,358,300 PYG
Credit Manager Accounting and Finance 145,200,100 PYG
Debt Adviser Accounting and Finance 108,238,800 PYG
Debt Collector Accounting and Finance 56,520,500 PYG
Debtors Clerk Accounting and Finance 47,758,300 PYG
Debtors Controller Accounting and Finance 50,519,600 PYG
Deputy CFO Accounting and Finance 180,000,500 PYG
Deputy Head of Finance Accounting and Finance 187,198,300 PYG
Derivative Trader Accounting and Finance 114,599,200 PYG
Director of Finance Accounting and Finance 201,598,500 PYG
Economist Accounting and Finance 159,601,400 PYG
Equity Analyst Accounting and Finance 114,719,900 PYG
Escrow Assistant Accounting and Finance 60,239,600 PYG
Executive Accountant Accounting and Finance 79,200,600 PYG
External Auditor Accounting and Finance 93,601,400 PYG
Finance Administrator Accounting and Finance 80,278,500 PYG
Finance Analyst Accounting and Finance 127,201,600 PYG
Finance Associate Accounting and Finance 58,079,300 PYG
Finance Director Accounting and Finance 190,800,100 PYG
Finance Executive Accounting and Finance 141,598,200 PYG
Finance Licensing Clerk Accounting and Finance 51,361,500 PYG
Finance Licensing Manager Accounting and Finance 131,998,300 PYG
Finance Licensing Specialist Accounting and Finance 72,361,800 PYG
Finance Manager Accounting and Finance 194,398,100 PYG
Finance Officer Accounting and Finance 65,878,200 PYG
Finance President Accounting and Finance 197,998,100 PYG
Finance Relationship Manager Accounting and Finance 163,201,300 PYG
Finance Release Analyst Accounting and Finance 77,159,200 PYG
Finance Specialist Accounting and Finance 111,241,200 PYG
Finance Team Leader Accounting and Finance 145,200,100 PYG
Financial Accountant Accounting and Finance 67,798,800 PYG
Financial Actuary Accounting and Finance 100,200,300 PYG
Financial Administrator Accounting and Finance 117,841,300 PYG
Financial Advisor Accounting and Finance 118,079,000 PYG
Financial Analyst Accounting and Finance 128,400,500 PYG
Financial Applications Specialist Accounting and Finance 82,439,700 PYG
Financial Assistant Accounting and Finance 56,879,200 PYG
Financial Associate Accounting and Finance 54,358,300 PYG
Financial Associate Accounting and Finance 66,598,300 PYG
Financial Claims Analyst Accounting and Finance 89,160,700 PYG
Financial Claims Manager Accounting and Finance 125,999,700 PYG
Financial Claims Supervisor Accounting and Finance 113,761,800 PYG
Financial Clerk Accounting and Finance 51,479,800 PYG
Financial Commercial Analyst Accounting and Finance 99,119,900 PYG
Financial Compliance Analyst Accounting and Finance 113,761,800 PYG
Financial Consultant Accounting and Finance 91,319,700 PYG
Financial Controller Accounting and Finance 105,960,300 PYG
Financial Controller Accounting and Finance 108,959,200 PYG
Financial Coordinator Accounting and Finance 60,239,600 PYG
Financial Customer Service Manager Accounting and Finance 123,599,800 PYG
Financial Dealer and Broker Accounting and Finance 71,878,800 PYG
Financial Director Accounting and Finance 195,600,300 PYG
Financial Manager Accounting and Finance 180,000,500 PYG
Financial Manager Accounting and Finance 196,799,500 PYG
Financial Operations Manager Accounting and Finance 180,000,500 PYG
Financial Policy Analyst Accounting and Finance 108,361,200 PYG
Financial Project Manager Accounting and Finance 142,799,100 PYG
Financial Quantitative Analyst Accounting and Finance 112,201,700 PYG
Financial Reporting Consultant Accounting and Finance 101,038,700 PYG
Financial Reporting Manager Accounting and Finance 133,198,700 PYG
Financial Section Head Accounting and Finance 124,799,100 PYG
Financial Services Manager Accounting and Finance 172,800,900 PYG
Financial Services Sales Agent Accounting and Finance 74,879,200 PYG
Fixed Assets Administrator Accounting and Finance 73,558,300 PYG
Forensic Accountant Accounting and Finance 82,321,100 PYG
Fraud Detection Supervisor Accounting and Finance 80,640,500 PYG
Fraud Prevention Manager Accounting and Finance 142,799,100 PYG
Fund Accountant Accounting and Finance 65,041,800 PYG
Grants Coordinator Accounting and Finance 52,558,300 PYG
Group Financial Manager Accounting and Finance 199,199,700 PYG
Internal Auditor Accounting and Finance 86,519,600 PYG
Internal Control Adviser Accounting and Finance 102,840,200 PYG
Internal Control Officer Accounting and Finance 61,080,900 PYG
International Tax Director Accounting and Finance 165,599,600 PYG
Inventory Accountant Accounting and Finance 71,761,200 PYG
Investment Advisor Accounting and Finance 176,398,800 PYG
Investment Analyst Accounting and Finance 139,199,500 PYG
Investment Associate Accounting and Finance 109,921,700 PYG
Investment Broker Accounting and Finance 114,838,300 PYG
Investment Fund Manager Accounting and Finance 156,000,100 PYG
Investment Operations Manager Accounting and Finance 147,600,500 PYG
Investment Underwriter Accounting and Finance 57,841,700 PYG
Investor Accounting and Finance 90,599,800 PYG
Investor Relations Manager Accounting and Finance 136,800,100 PYG
KYC Team Leader Accounting and Finance 128,400,500 PYG
Loan Processor Accounting and Finance 54,479,300 PYG
Management Accountant Accounting and Finance 72,718,100 PYG
Management Economist Accounting and Finance 158,398,200 PYG
Paymaster Accounting and Finance 55,318,200 PYG
Payroll Administrator Accounting and Finance 85,318,400 PYG
Payroll Benefits Coordinator Accounting and Finance 76,320,200 PYG
Payroll Billing Manager Accounting and Finance 122,398,700 PYG
Payroll Clerk Accounting and Finance 60,481,000 PYG
Payroll Manager Accounting and Finance 122,398,700 PYG
Payroll Officer Accounting and Finance 56,520,500 PYG
Payroll Specialist Accounting and Finance 72,361,800 PYG
Payroll Supervisor Accounting and Finance 83,160,200 PYG
Pensions Administrator Accounting and Finance 71,999,700 PYG
Personal Financial Advisor Accounting and Finance 101,641,100 PYG
Pricing Analyst Accounting and Finance 111,480,700 PYG
Private Equity Analyst Accounting and Finance 116,279,200 PYG
Project Accountant Accounting and Finance 70,679,800 PYG
Proposal Development Coordinator Accounting and Finance 60,481,000 PYG
Receivables Accountant Accounting and Finance 65,641,400 PYG
Regulatory Accountant Accounting and Finance 77,641,200 PYG
Retirement Plan Analyst Accounting and Finance 104,279,900 PYG
Revenue Management Specialist Accounting and Finance 116,161,200 PYG
Revenue Recognition Analyst Accounting and Finance 122,398,700 PYG
Risk Management Director Accounting and Finance 169,198,600 PYG
Risk Management Supervisor Accounting and Finance 134,400,400 PYG
Staff Accountant Accounting and Finance 62,638,300 PYG
Tax Accountant Accounting and Finance 65,519,800 PYG
Tax Administrator Accounting and Finance 76,199,500 PYG
Tax Advisor Accounting and Finance 104,279,900 PYG
Tax Analyst Accounting and Finance 101,038,700 PYG
Tax Associate Accounting and Finance 57,118,900 PYG
Tax Consultant Accounting and Finance 112,801,600 PYG
Tax Director Accounting and Finance 159,601,400 PYG
Tax Examiner Accounting and Finance 70,079,900 PYG
Tax Manager Accounting and Finance 134,400,400 PYG
Tax Research Manager Accounting and Finance 144,001,700 PYG
Teller Accounting and Finance 40,921,600 PYG
Treasury Accountant Accounting and Finance 70,801,500 PYG
Treasury Analyst Accounting and Finance 111,720,700 PYG
Underwriter Accounting and Finance 48,480,700 PYG
Underwriting Assistant Accounting and Finance 44,161,600 PYG
Vice President of Finance Accounting and Finance 178,800,800 PYG

Salary Comparison by City

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

City Average Salary
Asuncion 64,801,300 PYG

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