Average General Manager Salary in Puerto Rico for 2024

In this article, we will look at the average General Manager salary for 2024 in Puerto Rico 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 United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a General Manager Make in Puerto Rico?

A General Manager working in Puerto Rico will typically earn around 26,500 USD per year, and this can range from the lowest average salary of about 13,000 USD to the highest average salary of 43,800 USD.

Average Annual Salary
26,500 USD
Average Monthly Salary
2,208 USD

Lowest Annual Salary
13,000 USD
Lowest Monthly Salary
1,083 USD

Highest Annual Salary
43,800 USD
Highest Monthly Salary
3,650 USD

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

General 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 General Manager Salaries in Puerto Rico

So we've looked at the average salaries a General Manager will earn in Puerto Rico. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a General Manager can earn between 13,000 USD and 43,800 USD on average in Puerto Rico. 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 General Manager in Puerto Rico is 30,700 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 30,700 USD, and 50% of the population earn more than 30,700 USD.

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 General Manager salary in Puerto Rico, 25% of the population are earning less than 18,900 USD while 75% of the population earn more than 18,900 USD.

75% of the population earn less than 41,300 USD, and 25% of the population earn more than 41,300 USD.

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.

General Manager Salary by Experience Level in Puerto Rico

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 general 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. A General Manager in Puerto Rico that has less than two years of experience can expect to earn somewhere in the region of 15,500 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average General Manager salary would increase to 17,800 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a General Manager, the average salary would be 29,900 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 33,800 USD.
  • 15 - 20 Years Experience. A General Manager with 15 to 20 years of experience can earn an average of 36,900 USD.
  • 20+ Years Experience. For a General Manager with more than 20 years, the expected average salary increases to 42,600 USD.

Average Salary by Experience Chart

0-2 Years
15,500 USD
2-5 Years +34%
17,800 USD
5-10 Years +48%
29,900 USD
10-15 Years +22%
33,800 USD
15-20 Years +9%
36,900 USD
20+ Years +8%
42,600 USD

General Manager Salary by Education Level in Puerto Rico

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 General Manager in Puerto Rico 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 General Manager in Puerto Rico with a high school education can earn an average salary of 19,300 USD.

  • Certificate or Diploma. A General Manager in Puerto Rico with a certificate or diploma education can earn an average salary of 21,700 USD.

  • Bachelor's Degree. A General Manager in Puerto Rico with a bachelor's degree education can earn an average salary of 29,600 USD.

  • Master's Degree. A General Manager in Puerto Rico with a master's degree education can earn an average salary of 39,300 USD.

Average Salary by Education Chart

High School
19,300 USD
Certificate or Diploma +18%
21,700 USD
Bachelor's Degree +45%
29,600 USD
Master's Degree +31%
39,300 USD

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 Puerto Rico is around 8,390 to 25,200 USD 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.

General 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 Puerto Rico, a male general manager will earn an average of 28,900 USD, while a female general manager will earn around 26,500 USD.

This means that a male general manager earns approximately 9% more than a female general manager for performing the same job.

Average Salary by Gender Chart in Puerto Rico

Male
28,900 USD
Female -9%
26,500 USD

General Manager Average Pay Raise in Puerto Rico

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 General Manager in Puerto Rico is around 9% every 28 months.

The national average pay raise across all professions and industries in Puerto Rico 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 = ( 9 ÷ 28 ) × 12  = 4%

What this means is that a General Manager in Puerto Rico can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Puerto Rico for 2024

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

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%

General Manager Bonus and Incentive Rates in Puerto Rico

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 General Manager is a moderate bonus based job, with 67% of employees reporting at least one bonus in the last 12 months.

33% 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
67%
No Bonus
33%

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 Puerto Rico earn approximately 23% more than private sector employees in the same role.

Public Sector
23,400 USD
Private Sector -23%
19,000 USD

Salaries for Jobs Similar to a General Manager

In the table below, we have salary information for jobs that are similar to a General Manager in Puerto Rico.

Job Title Category Salary
Assistant Business Development Manager Business Planning 26,600 USD
Assistant Merchandise Planner Business Planning 14,200 USD
Business Advisor Business Planning 24,800 USD
Business Analyst Business Planning 22,000 USD
Business Consultant Business Planning 22,100 USD
Business Continuity Associate Business Planning 14,000 USD
Business Developer Business Planning 16,300 USD
Business Development Analyst Business Planning 19,200 USD
Business Development Associate Business Planning 11,400 USD
Business Development Coordinator Business Planning 13,600 USD
Business Development Director Business Planning 35,300 USD
Business Development Engineer Business Planning 17,900 USD
Business Development Executive Business Planning 23,100 USD
Business Development Manager Business Planning 30,600 USD
Business Development Specialist Business Planning 21,500 USD
Business Manager Business Planning 27,300 USD
Business Operations Specialist Business Planning 23,400 USD
Business Process Writer Business Planning 15,800 USD
Business Systems Analyst Business Planning 22,800 USD
Capacity Planner Business Planning 15,700 USD
Capacity Planning Supervisor Business Planning 20,400 USD
Change Communications Analyst Business Planning 23,700 USD
Change Control Analyst Business Planning 23,700 USD
Change Impact Analyst Business Planning 23,800 USD
Contracts Executive Business Planning 22,400 USD
Corporate Strategy Analyst Business Planning 24,200 USD
Cost Control Engineer Business Planning 14,300 USD
Cost Controller Business Planning 19,200 USD
Cost Estimator Business Planning 16,400 USD
Data Executive Business Planning 11,400 USD
Data Manager Business Planning 16,300 USD
Data Processing Manager Business Planning 23,400 USD
Development Researcher Business Planning 15,700 USD
Director of Business Development Business Planning 30,700 USD
Director of Production Planning Business Planning 26,500 USD
Due Diligence Analyst Business Planning 26,200 USD
Estimating Manager Business Planning 26,400 USD
Incident Handler Business Planning 15,100 USD
Incident Specialist Business Planning 21,400 USD
Lean Consultant Business Planning 20,300 USD
Manager Business Planning 31,400 USD
Marketing and Business Development Manager Business Planning 30,800 USD
Materials Planner Business Planning 12,300 USD
Merchandise Assistant Business Planning 8,980 USD
Merchandise Controller Business Planning 7,820 USD
Merchandise Planner Business Planning 12,400 USD
Operations Analyst Business Planning 20,700 USD
Operations Manager Business Planning 23,600 USD
Operations Research Analyst Business Planning 15,200 USD
Planning and Reporting Manager Business Planning 26,500 USD
Planning Director Business Planning 31,400 USD
Project Administrator Business Planning 14,300 USD
Project Manager Business Planning 23,100 USD
Project Planner Business Planning 17,100 USD
Research Assistant Business Planning 13,900 USD
Research Engineer Business Planning 14,200 USD
Research Officer Business Planning 12,600 USD
Risk Management Specialist Business Planning 20,100 USD
Scholarship Coordinator Business Planning 12,200 USD
Store Planner Business Planning 13,000 USD
Strategy Director Business Planning 31,700 USD
Top Research and Development Executive Business Planning 35,500 USD

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