Average Instrument Engineer Salary in Venezuela for 2024

In this article, we will look at the average Instrument Engineer salary for 2024 in Venezuela 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 Venezuelan bolívar soberano. To keep things simple, we are using the VES currency code instead of the currency symbol Bs.S..

How Much Does an Instrument Engineer Make in Venezuela?

An Instrument Engineer working in Venezuela will typically earn around 1,405,700 VES per year, and this can range from the lowest average salary of about 659,200 VES to the highest average salary of 2,221,600 VES.

Average Annual Salary
1,405,700 VES
Average Monthly Salary
117,141 VES

Lowest Annual Salary
659,200 VES
Lowest Monthly Salary
54,933 VES

Highest Annual Salary
2,221,600 VES
Highest Monthly Salary
185,133 VES

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

Instrument Engineer 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 Instrument Engineer Salaries in Venezuela

So we've looked at the average salaries an Instrument Engineer will earn in Venezuela. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Instrument Engineer can earn between 659,200 VES and 2,221,600 VES on average in Venezuela. 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 Instrument Engineer in Venezuela is 1,487,200 VES. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,487,200 VES, and 50% of the population earn more than 1,487,200 VES.

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 Instrument Engineer salary in Venezuela, 25% of the population are earning less than 966,100 VES while 75% of the population earn more than 966,100 VES.

75% of the population earn less than 1,967,000 VES, and 25% of the population earn more than 1,967,000 VES.

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.

Instrument Engineer Salary by Experience Level in Venezuela

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 instrument engineer 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 Instrument Engineer in Venezuela that has less than two years of experience can expect to earn somewhere in the region of 759,300 VES.
  • 2 - 5 Years Experience. With two to five years of experience the average Instrument Engineer salary would increase to 1,048,100 VES.
  • 5 - 10 Years Experience. From five to ten years of experience as an Instrument Engineer, the average salary would be 1,487,200 VES.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,825,000 VES.
  • 15 - 20 Years Experience. An Instrument Engineer with 15 to 20 years of experience can earn an average of 1,921,500 VES.
  • 20+ Years Experience. For an Instrument Engineer with more than 20 years, the expected average salary increases to 2,086,500 VES.

Average Salary by Experience Chart

0-2 Years
759,300 VES
2-5 Years +38%
1,048,100 VES
5-10 Years +42%
1,487,200 VES
10-15 Years +22%
1,825,000 VES
15-20 Years +6%
1,921,500 VES
20+ Years +9%
2,086,500 VES

Instrument Engineer Salary by Education Level in Venezuela

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 Instrument Engineer in Venezuela 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. An Instrument Engineer in Venezuela with a bachelor's degree education can earn an average salary of 1,048,100 VES.

  • Master's Degree. An Instrument Engineer in Venezuela with a master's degree education can earn an average salary of 1,921,500 VES.

Average Salary by Education Chart

Bachelor's Degree
1,048,100 VES
Master's Degree +83%
1,921,500 VES

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 Venezuela is around 662,000 to 1,990,000 VES 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.

Instrument Engineer 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 Venezuela, a male instrument engineer will earn an average of 1,476,700 VES, while a female instrument engineer will earn around 1,345,400 VES.

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

Average Salary by Gender Chart in Venezuela

Male
1,476,700 VES
Female -10%
1,345,400 VES

Instrument Engineer Average Pay Raise in Venezuela

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 Instrument Engineer in Venezuela is around 7% every 29 months.

The national average pay raise across all professions and industries in Venezuela 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 ÷ 29 ) × 12  = 3%

What this means is that an Instrument Engineer in Venezuela can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Venezuela for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Instrument Engineer Bonus and Incentive Rates in Venezuela

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 Instrument Engineer is a low bonus based job, with 40% of employees reporting at least one bonus in the last 12 months.

60% 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 2% to 7%.

Received Bonus
40%
No Bonus
60%

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 Venezuela earn approximately 11% more than private sector employees in the same role.

Public Sector
1,655,500 VES
Private Sector -11%
1,487,200 VES

Salaries for Jobs Similar to an Instrument Engineer

In the table below, we have salary information for jobs that are similar to an Instrument Engineer in Venezuela.

Job Title Category Salary
Acoustics Engineer Engineering 1,380,400 VES
Assembly Engineering Technician Engineering 1,098,200 VES
Assistant Chief Engineer Engineering 1,645,600 VES
Associate Engineer Engineering 1,320,500 VES
AutoCAD Drafter Engineering 844,100 VES
Autocad Operator Engineering 894,500 VES
Automation Engineer Engineering 1,440,700 VES
Automation Engineer Engineering 1,487,200 VES
Avionic System Support Engineer Engineering 1,296,900 VES
Biochemical Engineer Engineering 1,369,700 VES
BMS Engineer Engineering 1,273,300 VES
Bridge and Lock Tender Engineering 791,200 VES
Broadcast Engineer Engineering 1,450,700 VES
CAD Design Engineer Engineering 1,464,200 VES
CAD Designer Engineering 918,500 VES
CAE Engineer Engineering 1,357,900 VES
Ceramics Engineer Engineering 1,259,300 VES
Chemical Engineer Engineering 1,464,200 VES
Civil Drafter Engineering 888,400 VES
Civil Engineer Engineering 1,476,700 VES
Civil Site Engineer Engineering 1,476,700 VES
Civil Technician Engineering 899,200 VES
Commissioning Engineer Engineering 1,391,600 VES
Communications Engineer Engineering 1,500,800 VES
Condition Monitoring Engineer Engineering 1,273,300 VES
Contract Associate Engineer Engineering 1,391,600 VES
Contract Engineer Engineering 1,306,100 VES
Control Systems Engineer Engineering 1,417,600 VES
Controls Engineer Engineering 1,450,700 VES
Controls Software Engineer Engineering 1,192,400 VES
Corrosion Engineer Engineering 1,306,100 VES
Design Engineer Engineering 1,510,400 VES
Director of Engineering Engineering 2,868,600 VES
Drafter Engineering 888,400 VES
Drafting Manager Engineering 1,693,600 VES
Drilling Engineer Engineering 1,357,900 VES
Drilling Foreman Engineering 447,700 VES
Electrical Draughtsman Engineering 721,600 VES
Electrical Engineer Engineering 1,583,700 VES
Electrical Engineering Manager Engineering 1,942,700 VES
Electromechanical Engineering Technologist Engineering 1,524,300 VES
Electromechanical Equipment Assembler Engineering 769,500 VES
Energy Engineer Engineering 1,476,700 VES
Engine Assembler Engineering 629,800 VES
Engineer Engineering 1,476,700 VES
Engineering Account Manager Engineering 1,655,500 VES
Engineering Chief Designer Engineering 1,594,500 VES
Engineering Consultant Engineering 1,846,200 VES
Engineering Key Account Manager Engineering 2,136,200 VES
Engineering Lab Technician Engineering 1,369,700 VES
Engineering Manager Engineering 1,967,000 VES
Engineering Planning Manager Engineering 2,038,500 VES
Engineering Production Manager Engineering 2,508,300 VES
Engineering Project Analyst Engineering 1,693,600 VES
Engineering Project Coordinator Engineering 1,583,700 VES
Engineering Project Director Engineering 2,759,700 VES
Engineering Project Leader Engineering 1,846,200 VES
Engineering Project Manager Engineering 2,052,200 VES
Engineering Research and Development Manager Engineering 2,254,400 VES
Engineering Safety Coordinator Engineering 1,136,700 VES
Engineering Sales Manager Engineering 1,896,700 VES
Engineering Technician Engineering 1,136,700 VES
Engineering Technologist Engineering 1,070,600 VES
Environmental Engineer Engineering 1,417,600 VES
Equipment Engineer Engineering 1,235,600 VES
Equipment Engineering Manager Engineering 1,846,200 VES
Estimator Engineering 1,160,900 VES
Fabrication Specialist Engineering 1,053,900 VES
Fabricator Engineering 633,300 VES
Facade Engineer Engineering 1,357,900 VES
Fiber Analyst Engineering 788,000 VES
Field Engineer Engineering 1,510,400 VES
Field Engineering Manager Engineering 2,304,300 VES
Fire Engineer Engineering 1,464,200 VES
Fitter and Turner Engineering 436,200 VES
Forestry Strategic Planner Engineering 1,645,600 VES
Generation Engineer Engineering 1,450,700 VES
Genetic Engineer Engineering 1,621,400 VES
Geological Engineer Engineering 1,405,700 VES
Geotechnical Engineer Engineering 1,500,800 VES
Heavy Equipment Mechanic Engineering 767,400 VES
Highway Engineer Engineering 1,464,200 VES
HSE Professional Engineering 1,333,900 VES
HVAC Engineer Engineering 1,464,200 VES
HVAC Supervisor Engineering 1,235,600 VES
Industrial Engineer Engineering 1,369,700 VES
Industrial Engineering Technologist Engineering 1,333,900 VES
Instrument Technician Engineering 774,200 VES
Instrumentation and Control Engineer Engineering 1,440,700 VES
Instrumentation Designer Engineering 1,152,700 VES
Instrumentation Engineer Engineering 1,345,400 VES
Instrumentation Manager Engineering 1,391,600 VES
Irrigation Engineer Engineering 1,428,800 VES
Licensed Aircraft Engineer Engineering 1,560,800 VES
Locomotive Engineer Engineering 1,333,900 VES
Maintenance Engineer Engineering 1,296,900 VES
Maintenance Fitter Engineering 478,000 VES
Maintenance Manager Engineering 1,428,800 VES
Manufacturing Engineer Engineering 1,380,400 VES
Marine Engineer Engineering 1,487,200 VES
Materials Engineer Engineering 1,357,900 VES
Materials Researcher Engineering 1,283,600 VES
Materials Technician Engineering 1,058,300 VES
Mechanical and Electrical Engineer Engineering 1,570,900 VES
Mechanical Design Engineer Engineering 1,476,700 VES
Mechanical Designer Engineering 1,235,600 VES
Mechanical Engineer Engineering 1,524,300 VES
Mechanical Engineering Manager Engineering 2,076,600 VES
Mechanical Inspector Engineering 1,380,400 VES
Mechatronics Engineer Engineering 1,570,900 VES
Mining Engineer Engineering 1,450,700 VES
Oil and Petrochemical Engineer Engineering 1,570,900 VES
Optical Engineer Engineering 1,417,600 VES
Optical Instrument Assembler Engineering 695,400 VES
PCB Assembler Engineering 528,600 VES
Photonics Engineer Engineering 1,547,500 VES
Photonics Technician Engineering 1,306,100 VES
Pipeline Engineer Engineering 1,273,300 VES
Piping Designer Engineering 782,500 VES
Piping Engineer Engineering 1,235,600 VES
Planning Engineer Engineering 1,417,600 VES
Pressure Vessel Inspector Engineering 643,400 VES
Principal Cost Engineer Engineering 1,428,800 VES
Principal Engineer Engineering 1,440,700 VES
Principal Support Engineer Engineering 1,487,200 VES
Process Engineer Engineering 1,333,900 VES
Process Operator Engineering 840,800 VES
Product Development Engineer Engineering 1,450,700 VES
Product Development Technician Engineering 1,027,600 VES
Product Engineer Engineering 1,500,800 VES
Product Safety Engineer Engineering 1,391,600 VES
Production Engineer Engineering 1,391,600 VES
Project Engineer Engineering 1,428,800 VES
Proposal Manager Engineering 1,921,500 VES
Purchasing Engineer Engineering 1,306,100 VES
Quality Assurance Engineer Engineering 1,391,600 VES
Rail Engineer Engineering 1,464,200 VES
Regional Field Engineer Engineering 1,500,800 VES
Robotics Engineer Engineering 1,678,300 VES
Robotics Technician Engineering 1,141,600 VES
Safety Engineer Engineering 1,357,900 VES
Safety Inspector Engineering 1,109,200 VES
Safety Manager Engineering 1,655,500 VES
Safety Officer Engineering 744,700 VES
Sales Engineer Engineering 1,440,700 VES
Scheduling Engineer Engineering 1,306,100 VES
Service Engineer Engineering 1,560,800 VES
Solar Engineer Engineering 1,537,500 VES
Staff Engineer Engineering 1,440,700 VES
Static Equipment Engineer Engineering 1,357,900 VES
Stationary Engineer Engineering 1,224,800 VES
Stress Engineer Engineering 1,345,400 VES
Structural Analysis Engineer Engineering 1,320,500 VES
Structural Designer Engineering 1,235,600 VES
Structural Engineer Engineering 1,369,700 VES
Structural Technician Engineering 931,900 VES
Supply Chain Specialist Engineering 1,391,600 VES
Surveyor Engineering 1,080,200 VES
Technical Affairs Officer Engineering 709,600 VES
Technical Assistant Engineering 714,600 VES
Technical Engineer Engineering 1,235,600 VES
Technical Support Engineer Engineering 1,273,300 VES
Tender Engineer Engineering 1,306,100 VES
Test Development Engineer Engineering 1,369,700 VES
Test Engineer Engineering 1,357,900 VES
Transportation Engineer Engineering 1,333,900 VES
Validation Engineer Engineering 1,320,500 VES
Verification Engineer Engineering 1,357,900 VES
Wastewater Engineer Engineering 1,333,900 VES
Wind Energy Engineer Engineering 1,440,700 VES
Wind Energy Operations Manager Engineering 1,942,700 VES
Work Planner Engineering 1,009,200 VES

Salary Comparison by City

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

City Average Salary
Barquisimeto 1,306,100 VES
Caracas 1,547,500 VES
Ciudad Guayana 1,273,300 VES
Maracaibo 1,405,700 VES

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