Average Group Financial Manager Salary in Sucre, Bolivia for 2026
In this article, we will look at the average Group Financial Manager salary for 2026 in Sucre 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 Bolivian boliviano. To keep things simple, we are using the BOB currency code instead of the currency symbol Bs..
How Much Does a Group Financial Manager Make in Sucre?
A Group Financial Manager working in Sucre will typically earn around 210,500 BOB per year, and this can range from the lowest average salary of about 108,320 BOB to the highest average salary of 325,900 BOB.
These are average salaries for a Group Financial Manager in Sucre and include benefits such as housing and transport. It's also possible for a Group Financial Manager to earn more or less than the average salaries shown above.
Group Financial 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 Group Financial Manager Salaries in Sucre
So we've looked at the average salaries a Group Financial Manager will earn in Sucre. The next interesting data point is the distribution of salaries.
Salary ranges
We already know that a Group Financial Manager can earn between 108,320 BOB and 325,900 BOB on average in Sucre. 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 Group Financial Manager in Sucre is 207,700 BOB. This is the middle value in the distribution of salaries.
What this means is that approximately 50% of the population earn less than 207,700 BOB, and 50% of the population earn more than 207,700 BOB.
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 Group Financial Manager salary in Sucre, 25% of the population are earning less than 142,300 BOB while 75% of the population earn more than 142,300 BOB.
75% of the population earn less than 263,200 BOB, and 25% of the population earn more than 263,200 BOB.
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.
Group Financial Manager Salary by Experience Level in Sucre
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 Group Financial 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 Group Financial Manager in Sucre that has less than two years of experience can expect to earn somewhere in the region of 119,900 BOB.
- 2 - 5 Years Experience. With two to five years of experience the average Group Financial Manager salary would increase to 159,100 BOB.
- 5 - 10 Years Experience. From five to ten years of experience as a Group Financial Manager, the average salary would be 222,300 BOB.
- 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 266,000 BOB.
- 15 - 20 Years Experience. A Group Financial Manager with 15 to 20 years of experience can earn an average of 290,800 BOB.
- 20+ Years Experience. For a Group Financial Manager with more than 20 years, the expected average salary increases to 311,700 BOB.
Average Salary by Experience Chart
| 0-2 Years | - | 119,900 BOB |
| 2-5 Years | +31% | 159,100 BOB |
| 5-10 Years | +40% | 222,300 BOB |
| 10-15 Years | +20% | 266,000 BOB |
| 15-20 Years | +9% | 290,800 BOB |
| 20+ Years | +8% | 311,700 BOB |
Group Financial Manager Salary by Education Level in Sucre
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 Group Financial Manager in Sucre based on the education level of the employees in order to find out whether a better education level would increase your salary.
- Certificate or Diploma. A Group Financial Manager in Sucre with a certificate or diploma education can earn an average salary of 138,200 BOB.
- Bachelor's Degree. A Group Financial Manager in Sucre with a bachelor's degree education can earn an average salary of 208,600 BOB.
- Master's Degree. A Group Financial Manager in Sucre with a master's degree education can earn an average salary of 308,300 BOB.
Average Salary by Education Chart
| Certificate or Diploma | - | 138,200 BOB |
| Bachelor's Degree | +50% | 208,600 BOB |
| Master's Degree | +48% | 308,300 BOB |
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 Bolivia is around 42,600 to 128,000 BOB 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.
Group Financial 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 Sucre, a male group financial manager will earn an average of 221,500 BOB, while a female group financial manager will earn around 207,700 BOB.
This means that a male group financial manager earns approximately 7% more than a female group financial manager for performing the same job.
Average Salary by Gender Chart in Sucre
| Male | - | 221,500 BOB |
| Female | -7% | 207,700 BOB |
Group Financial Manager Average Pay Raise in Sucre
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 Group Financial Manager in Sucre is around 10% every 29 months.
The national average pay raise across all professions and industries in Bolivia 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 ÷ 29 ) × 12 = 4%
What this means is that a Group Financial Manager in Sucre can expect to receive an average pay raise of around 4% every 12 months.
Annual Pay Raise by Industry in Sucre for 2026
In the chart below, you can see the average annual pay raise percentages for each of the major industries in Bolivia.
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% |
Group Financial Manager Bonus and Incentive Rates in Sucre
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 Group Financial 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 Bolivia earn approximately 17% more than private sector employees in the same role.
| Public Sector | - | 112,280 BOB |
| Private Sector | -17% | 96,160 BOB |
Salaries for Jobs Similar to a Group Financial Manager
In the table below, we have salary information for jobs that are similar to a Group Financial Manager in Sucre.
| Job Title | Category | Salary |
|---|---|---|
| Account Examiner | Accounting and Finance | 54,140 BOB |
| Account Executive | Accounting and Finance | 93,280 BOB |
| Accountant | Accounting and Finance | 73,040 BOB |
| Accounting Analyst | Accounting and Finance | 91,660 BOB |
| Accounting Assistant | Accounting and Finance | 59,380 BOB |
| Accounting Associate | Accounting and Finance | 53,160 BOB |
| Accounting Clerk | Accounting and Finance | 44,720 BOB |
| Accounting Coordinator | Accounting and Finance | 66,020 BOB |
| Accounting Head | Accounting and Finance | 148,300 BOB |
| Accounting Manager | Accounting and Finance | 152,000 BOB |
| Accounting Officer | Accounting and Finance | 50,620 BOB |
| Accounting Specialist | Accounting and Finance | 99,080 BOB |
| Accounting Supervisor | Accounting and Finance | 101,020 BOB |
| Accounting Technician | Accounting and Finance | 54,180 BOB |
| Accounting Unit Controller | Accounting and Finance | 118,380 BOB |
| Accounts Executive | Accounting and Finance | 91,320 BOB |
| Accounts Officer | Accounting and Finance | 57,620 BOB |
| Accounts Payable Assistant | Accounting and Finance | 60,480 BOB |
| Accounts Payable Associate | Accounting and Finance | 64,640 BOB |
| Accounts Payable Clerk | Accounting and Finance | 53,320 BOB |
| Accounts Payable Manager | Accounting and Finance | 150,000 BOB |
| Accounts Payable and Receivable Specialist | Accounting and Finance | 72,700 BOB |
| Accounts Receivable Administrator | Accounting and Finance | 108,320 BOB |
| Accounts Receivable Clerk | Accounting and Finance | 50,180 BOB |
| Accounts Receivable Financial Analyst | Accounting and Finance | 104,140 BOB |
| Accounts Receivable Manager | Accounting and Finance | 138,800 BOB |
| Accounts Receivable Team Leader | Accounting and Finance | 101,120 BOB |
| Assistant Accountant | Accounting and Finance | 57,320 BOB |
| Assistant Accounting Manager | Accounting and Finance | 143,200 BOB |
| Assistant Auditor | Accounting and Finance | 71,700 BOB |
| Assistant Corporate Controller | Accounting and Finance | 105,980 BOB |
| Assistant Finance Manager | Accounting and Finance | 159,500 BOB |
| Assistant Financial Controller | Accounting and Finance | 102,240 BOB |
| Audit Director | Accounting and Finance | 164,200 BOB |
| Audit Supervisor | Accounting and Finance | 136,200 BOB |
| Auditing Clerk | Accounting and Finance | 57,620 BOB |
| Auditing Manager | Accounting and Finance | 154,700 BOB |
| Billing Clerk | Accounting and Finance | 58,200 BOB |
| Billing Coordinator | Accounting and Finance | 67,320 BOB |
| Billing Specialist | Accounting and Finance | 79,260 BOB |
| Billing Supervisor | Accounting and Finance | 112,280 BOB |
| Bookkeeper | Accounting and Finance | 49,300 BOB |
| Bookkeeping Specialist | Accounting and Finance | 75,040 BOB |
| Budget Analyst | Accounting and Finance | 130,400 BOB |
| Budget Manager | Accounting and Finance | 148,300 BOB |
| Business Support Analyst | Accounting and Finance | 78,400 BOB |
| Capital Markets Associate | Accounting and Finance | 106,760 BOB |
| Cash Flow Analyst | Accounting and Finance | 110,380 BOB |
| Cash Management Manager | Accounting and Finance | 150,000 BOB |
| Cash Management Officer | Accounting and Finance | 89,120 BOB |
| Cashbook Clerk | Accounting and Finance | 49,300 BOB |
| Chartered Accountant | Accounting and Finance | 92,400 BOB |
| Chief Accountant | Accounting and Finance | 111,860 BOB |
| Collections Clerk | Accounting and Finance | 45,260 BOB |
| Collections Representative | Accounting and Finance | 61,680 BOB |
| Collections Specialist | Accounting and Finance | 75,220 BOB |
| Corporate Controller | Accounting and Finance | 112,620 BOB |
| Corporate Treasurer | Accounting and Finance | 138,800 BOB |
| Cost Accountant | Accounting and Finance | 74,620 BOB |
| Cost Accounting Manager | Accounting and Finance | 151,800 BOB |
| Cost Accounting Supervisor | Accounting and Finance | 115,260 BOB |
| Cost Analyst | Accounting and Finance | 110,340 BOB |
| Credit Controller | Accounting and Finance | 99,100 BOB |
| Credit Manager | Accounting and Finance | 152,300 BOB |
| Credit and Collection Manager | Accounting and Finance | 143,200 BOB |
| Credit and Collection Staff | Accounting and Finance | 52,820 BOB |
| Credit and Loans Officer | Accounting and Finance | 50,180 BOB |
| Debt Adviser | Accounting and Finance | 123,400 BOB |
| Debt Collector | Accounting and Finance | 62,100 BOB |
| Debtors Clerk | Accounting and Finance | 50,020 BOB |
| Debtors Controller | Accounting and Finance | 50,620 BOB |
| Deputy CFO | Accounting and Finance | 204,000 BOB |
| Deputy Head of Finance | Accounting and Finance | 196,800 BOB |
| Derivative Trader | Accounting and Finance | 125,100 BOB |
| Director of Finance | Accounting and Finance | 221,500 BOB |
| Economist | Accounting and Finance | 175,900 BOB |
| Equity Analyst | Accounting and Finance | 127,700 BOB |
| Escrow Assistant | Accounting and Finance | 67,300 BOB |
| Executive Accountant | Accounting and Finance | 83,400 BOB |
| External Auditor | Accounting and Finance | 105,940 BOB |
| Finance Administrator | Accounting and Finance | 84,580 BOB |
| Finance Analyst | Accounting and Finance | 139,100 BOB |
| Finance Associate | Accounting and Finance | 65,800 BOB |
| Finance Director | Accounting and Finance | 207,700 BOB |
| Finance Executive | Accounting and Finance | 161,300 BOB |
| Finance Licensing Clerk | Accounting and Finance | 55,020 BOB |
| Finance Licensing Manager | Accounting and Finance | 136,200 BOB |
| Finance Licensing Specialist | Accounting and Finance | 78,480 BOB |
| Finance Manager | Accounting and Finance | 204,700 BOB |
| Finance Officer | Accounting and Finance | 66,120 BOB |
| Finance President | Accounting and Finance | 228,500 BOB |
| Finance Relationship Manager | Accounting and Finance | 161,300 BOB |
| Finance Release Analyst | Accounting and Finance | 83,900 BOB |
| Finance Specialist | Accounting and Finance | 123,400 BOB |
| Finance Team Leader | Accounting and Finance | 159,500 BOB |
| Financial Accountant | Accounting and Finance | 71,700 BOB |
| Financial Actuary | Accounting and Finance | 112,180 BOB |
| Financial Administrator | Accounting and Finance | 119,900 BOB |
| Financial Advisor | Accounting and Finance | 139,100 BOB |
| Financial Analyst | Accounting and Finance | 128,900 BOB |
| Financial Applications Specialist | Accounting and Finance | 92,300 BOB |
| Financial Assistant | Accounting and Finance | 61,180 BOB |
| Financial Associate | Accounting and Finance | 57,800 BOB |
| Financial Associate | Accounting and Finance | 67,360 BOB |
| Financial Claims Analyst | Accounting and Finance | 101,020 BOB |
| Financial Claims Manager | Accounting and Finance | 136,100 BOB |
| Financial Claims Supervisor | Accounting and Finance | 114,000 BOB |
| Financial Clerk | Accounting and Finance | 54,700 BOB |
| Financial Commercial Analyst | Accounting and Finance | 104,140 BOB |
| Financial Compliance Analyst | Accounting and Finance | 119,860 BOB |
| Financial Consultant | Accounting and Finance | 96,960 BOB |
| Financial Controller | Accounting and Finance | 119,860 BOB |
| Financial Controller | Accounting and Finance | 119,900 BOB |
| Financial Coordinator | Accounting and Finance | 67,560 BOB |
| Financial Customer Service Manager | Accounting and Finance | 138,200 BOB |
| Financial Dealer and Broker | Accounting and Finance | 78,160 BOB |
| Financial Director | Accounting and Finance | 209,700 BOB |
| Financial Encoder | Accounting and Finance | 61,460 BOB |
| Financial Manager | Accounting and Finance | 196,800 BOB |
| Financial Manager | Accounting and Finance | 210,500 BOB |
| Financial Operations Manager | Accounting and Finance | 192,000 BOB |
| Financial Policy Analyst | Accounting and Finance | 115,740 BOB |
| Financial Project Manager | Accounting and Finance | 157,600 BOB |
| Financial Quantitative Analyst | Accounting and Finance | 127,700 BOB |
| Financial Reporting Consultant | Accounting and Finance | 104,500 BOB |
| Financial Reporting Manager | Accounting and Finance | 142,300 BOB |
| Financial Section Head | Accounting and Finance | 143,200 BOB |
| Financial Services Manager | Accounting and Finance | 180,300 BOB |
| Financial Services Sales Agent | Accounting and Finance | 78,940 BOB |
| Fixed Assets Administrator | Accounting and Finance | 79,360 BOB |
| Forensic Accountant | Accounting and Finance | 80,280 BOB |
| Fraud Detection Supervisor | Accounting and Finance | 88,580 BOB |
| Fraud Prevention Manager | Accounting and Finance | 148,300 BOB |
| Fund Accountant | Accounting and Finance | 69,240 BOB |
| Grants Coordinator | Accounting and Finance | 55,840 BOB |
| Internal Auditor | Accounting and Finance | 96,220 BOB |
| Internal Control Adviser | Accounting and Finance | 110,380 BOB |
| Internal Control Officer | Accounting and Finance | 63,320 BOB |
| International Tax Director | Accounting and Finance | 176,800 BOB |
| Inventory Accountant | Accounting and Finance | 72,540 BOB |
| Investment Advisor | Accounting and Finance | 205,700 BOB |
| Investment Analyst | Accounting and Finance | 138,800 BOB |
| Investment Associate | Accounting and Finance | 124,400 BOB |
| Investment Broker | Accounting and Finance | 123,400 BOB |
| Investment Fund Manager | Accounting and Finance | 172,200 BOB |
| Investment Operations Manager | Accounting and Finance | 168,100 BOB |
| Investment Underwriter | Accounting and Finance | 58,440 BOB |
| Investor | Accounting and Finance | 98,440 BOB |
| Investor Relations Manager | Accounting and Finance | 138,800 BOB |
| KYC Team Leader | Accounting and Finance | 146,200 BOB |
| Loan Processor | Accounting and Finance | 64,040 BOB |
| Management Accountant | Accounting and Finance | 80,520 BOB |
| Management Economist | Accounting and Finance | 161,600 BOB |
| Paymaster | Accounting and Finance | 57,860 BOB |
| Payroll Administrator | Accounting and Finance | 99,340 BOB |
| Payroll Benefits Coordinator | Accounting and Finance | 78,400 BOB |
| Payroll Billing Manager | Accounting and Finance | 136,100 BOB |
| Payroll Clerk | Accounting and Finance | 66,260 BOB |
| Payroll Manager | Accounting and Finance | 128,900 BOB |
| Payroll Officer | Accounting and Finance | 67,560 BOB |
| Payroll Specialist | Accounting and Finance | 72,260 BOB |
| Payroll Supervisor | Accounting and Finance | 91,660 BOB |
| Pensions Administrator | Accounting and Finance | 73,760 BOB |
| Personal Financial Advisor | Accounting and Finance | 107,380 BOB |
| Pricing Analyst | Accounting and Finance | 117,520 BOB |
| Private Equity Analyst | Accounting and Finance | 127,700 BOB |
| Project Accountant | Accounting and Finance | 78,120 BOB |
| Proposal Development Coordinator | Accounting and Finance | 61,780 BOB |
| Receivables Accountant | Accounting and Finance | 72,180 BOB |
| Regulatory Accountant | Accounting and Finance | 80,920 BOB |
| Retirement Plan Analyst | Accounting and Finance | 112,620 BOB |
| Revenue Management Specialist | Accounting and Finance | 119,700 BOB |
| Revenue Recognition Analyst | Accounting and Finance | 137,400 BOB |
| Risk Management Director | Accounting and Finance | 176,800 BOB |
| Risk Management Supervisor | Accounting and Finance | 150,000 BOB |
| Staff Accountant | Accounting and Finance | 72,360 BOB |
| Tax Accountant | Accounting and Finance | 69,580 BOB |
| Tax Administrator | Accounting and Finance | 83,200 BOB |
| Tax Advisor | Accounting and Finance | 111,240 BOB |
| Tax Analyst | Accounting and Finance | 112,620 BOB |
| Tax Associate | Accounting and Finance | 61,680 BOB |
| Tax Consultant | Accounting and Finance | 119,700 BOB |
| Tax Director | Accounting and Finance | 161,300 BOB |
| Tax Examiner | Accounting and Finance | 82,200 BOB |
| Tax Manager | Accounting and Finance | 143,200 BOB |
| Tax Research Manager | Accounting and Finance | 148,300 BOB |
| Teller | Accounting and Finance | 43,520 BOB |
| Treasury Accountant | Accounting and Finance | 75,980 BOB |
| Treasury Analyst | Accounting and Finance | 119,080 BOB |
| Underwriter | Accounting and Finance | 53,840 BOB |
| Underwriting Assistant | Accounting and Finance | 45,000 BOB |
| Vice President of Finance | Accounting and Finance | 191,600 BOB |
Salary Comparison by City
If you want to compare salaries with different cities in Bolivia, you can use the links below to explore the data for each specific city we have researched.
| City | Average Salary |
|---|---|
| Cochabamba | 210,500 BOB |
| La Paz | 221,500 BOB |
| Oruro | 212,500 BOB |
| Potosi | 189,300 BOB |
| Santa Cruz | 232,400 BOB |
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