Average Inventory Analyst Salary in Colombia for 2024

In this article, we will look at the average Inventory Analyst salary for 2024 in Colombia 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 Colombian peso. To keep things simple, we are using the COP currency code instead of the currency symbol $.

How Much Does an Inventory Analyst Make in Colombia?

An Inventory Analyst working in Colombia will typically earn around 47,401,700 COP per year, and this can range from the lowest average salary of about 24,599,500 COP to the highest average salary of 72,481,900 COP.

Average Annual Salary
47,401,700 COP
Average Monthly Salary
3,950,141 COP

Lowest Annual Salary
24,599,500 COP
Lowest Monthly Salary
2,049,958 COP

Highest Annual Salary
72,481,900 COP
Highest Monthly Salary
6,040,158 COP

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

Inventory Analyst 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 Inventory Analyst Salaries in Colombia

So we've looked at the average salaries an Inventory Analyst will earn in Colombia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Inventory Analyst can earn between 24,599,500 COP and 72,481,900 COP on average in Colombia. 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 Inventory Analyst in Colombia is 45,478,500 COP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 45,478,500 COP, and 50% of the population earn more than 45,478,500 COP.

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 Inventory Analyst salary in Colombia, 25% of the population are earning less than 31,559,900 COP while 75% of the population earn more than 31,559,900 COP.

75% of the population earn less than 56,641,700 COP, and 25% of the population earn more than 56,641,700 COP.

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.

Inventory Analyst Salary by Experience Level in Colombia

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 inventory analyst 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 Inventory Analyst in Colombia that has less than two years of experience can expect to earn somewhere in the region of 27,960,400 COP.
  • 2 - 5 Years Experience. With two to five years of experience the average Inventory Analyst salary would increase to 37,561,000 COP.
  • 5 - 10 Years Experience. From five to ten years of experience as an Inventory Analyst, the average salary would be 48,841,700 COP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 59,040,700 COP.
  • 15 - 20 Years Experience. An Inventory Analyst with 15 to 20 years of experience can earn an average of 64,560,300 COP.
  • 20+ Years Experience. For an Inventory Analyst with more than 20 years, the expected average salary increases to 67,920,100 COP.

Average Salary by Experience Chart

0-2 Years
27,960,400 COP
2-5 Years +34%
37,561,000 COP
5-10 Years +30%
48,841,700 COP
10-15 Years +21%
59,040,700 COP
15-20 Years +9%
64,560,300 COP
20+ Years +5%
67,920,100 COP

Inventory Analyst Salary by Education Level in Colombia

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 Inventory Analyst in Colombia 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 Inventory Analyst in Colombia with a high school education can earn an average salary of 33,721,200 COP.

  • Certificate or Diploma. An Inventory Analyst in Colombia with a certificate or diploma education can earn an average salary of 38,521,100 COP.

  • Bachelor's Degree. An Inventory Analyst in Colombia with a bachelor's degree education can earn an average salary of 54,239,900 COP.

  • Master's Degree. An Inventory Analyst in Colombia with a master's degree education can earn an average salary of 65,759,500 COP.

Average Salary by Education Chart

High School
33,721,200 COP
Certificate or Diploma +14%
38,521,100 COP
Bachelor's Degree +41%
54,239,900 COP
Master's Degree +21%
65,759,500 COP

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 Colombia is around 23,500,000 to 70,400,000 COP 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.

Inventory Analyst 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 Colombia, a male inventory analyst will earn an average of 50,039,800 COP, while a female inventory analyst will earn around 45,478,500 COP.

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

Average Salary by Gender Chart in Colombia

Male
50,039,800 COP
Female -10%
45,478,500 COP

Inventory Analyst Average Pay Raise in Colombia

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 Inventory Analyst in Colombia is around 8% every 20 months.

The national average pay raise across all professions and industries in Colombia is around 7% every 19 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 = ( 8 ÷ 20 ) × 12  = 5%

What this means is that an Inventory Analyst in Colombia can expect to receive an average pay raise of around 5% every 12 months.

Annual Pay Raise by Industry in Colombia for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Inventory Analyst Bonus and Incentive Rates in Colombia

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 Inventory Analyst is a moderate bonus based job, with 50% of employees reporting at least one bonus in the last 12 months.

50% 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 3% to 5%.

Received Bonus
50%
No Bonus
50%

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

Public Sector
58,559,300 COP
Private Sector -11%
52,800,100 COP

Salaries for Jobs Similar to an Inventory Analyst

In the table below, we have salary information for jobs that are similar to an Inventory Analyst in Colombia.

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 49,198,300 COP
Asset Protection Associate Purchasing and Inventory 47,158,400 COP
Asset Protection Specialist Purchasing and Inventory 52,319,400 COP
Assistant Buyer Purchasing and Inventory 44,161,600 COP
Buyer Purchasing and Inventory 72,119,000 COP
Capacity Planner Purchasing and Inventory 54,600,600 COP
Category Leader Purchasing and Inventory 52,918,800 COP
Category Management Specialist Purchasing and Inventory 51,598,300 COP
Category Manager Purchasing and Inventory 58,798,900 COP
Channel Services Representative Purchasing and Inventory 54,000,800 COP
Contracts Manager Purchasing and Inventory 64,198,300 COP
Contracts Specialist Purchasing and Inventory 52,800,100 COP
Demand Planner Purchasing and Inventory 52,438,500 COP
Demand Planning Manager Purchasing and Inventory 63,840,300 COP
Distribution Assistant Purchasing and Inventory 42,959,900 COP
Distribution Associate Purchasing and Inventory 45,719,900 COP
Distribution Manager Purchasing and Inventory 96,118,100 COP
Inventory Control Clerk Purchasing and Inventory 27,601,100 COP
Inventory Control Manager Purchasing and Inventory 66,481,700 COP
Inventory Management Associate Purchasing and Inventory 52,319,400 COP
Inventory Specialist Purchasing and Inventory 50,398,300 COP
Logistics Engineer Purchasing and Inventory 45,961,300 COP
Master Planner Purchasing and Inventory 47,758,300 COP
Material Handler Purchasing and Inventory 31,559,900 COP
Material Planning Specialist Purchasing and Inventory 42,359,400 COP
Merchandise Manager Purchasing and Inventory 60,958,800 COP
Procurement Administrator Purchasing and Inventory 59,158,300 COP
Procurement Agent Purchasing and Inventory 37,800,500 COP
Procurement Analyst Purchasing and Inventory 63,719,600 COP
Procurement Assistant Purchasing and Inventory 37,681,400 COP
Procurement Associate Purchasing and Inventory 53,879,800 COP
Procurement Clerk Purchasing and Inventory 24,718,600 COP
Procurement Engineer Purchasing and Inventory 50,158,700 COP
Procurement Manager Purchasing and Inventory 97,800,200 COP
Procurement Officer Purchasing and Inventory 24,359,000 COP
Procurement Process Analyst Purchasing and Inventory 56,641,700 COP
Procurement Specialist Purchasing and Inventory 45,599,600 COP
Production Planner Purchasing and Inventory 54,840,400 COP
Project Buyer Purchasing and Inventory 59,999,100 COP
Purchaser Purchasing and Inventory 78,000,700 COP
Purchasing Agent Purchasing and Inventory 42,959,900 COP
Purchasing Assistant Purchasing and Inventory 26,399,200 COP
Purchasing Manager Purchasing and Inventory 104,398,800 COP
Purchasing Officer Purchasing and Inventory 45,239,100 COP
Purchasing Supervisor Purchasing and Inventory 66,359,800 COP
Shipping and Receiving Clerk Purchasing and Inventory 25,440,400 COP
Shipping Coordinator Purchasing and Inventory 45,961,300 COP
Stock Clerk Purchasing and Inventory 25,561,400 COP
Stock Regulator Purchasing and Inventory 29,041,200 COP
Storage Manager Purchasing and Inventory 62,519,300 COP
Store Keeper Purchasing and Inventory 24,599,500 COP
Stores and Logistics Coordinator Purchasing and Inventory 50,158,700 COP
Supply Chain Analyst Purchasing and Inventory 73,681,000 COP
Supply Chain Coordinator Purchasing and Inventory 52,918,800 COP
Supply Chain Development Manager Purchasing and Inventory 95,880,900 COP
Supply Chain Director Purchasing and Inventory 103,441,400 COP
Supply Chain Manager Purchasing and Inventory 103,201,100 COP
Supply Planner Purchasing and Inventory 47,401,700 COP
Warehouse Assistant Purchasing and Inventory 19,799,400 COP
Warehouse Clerk Purchasing and Inventory 20,518,900 COP
Warehouse Executive Purchasing and Inventory 86,641,400 COP
Warehouse Lead Purchasing and Inventory 56,760,200 COP
Warehouse Manager Purchasing and Inventory 88,081,100 COP
Warehouse Supervisor Purchasing and Inventory 58,680,100 COP
Wholesale Buyer Purchasing and Inventory 73,081,700 COP

Salary Comparison by City

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

City Average Salary
Barranquilla 50,398,300 COP
Bello 47,880,300 COP
Bogota 52,078,500 COP
Bucaramanga 51,959,300 COP
Buenaventura 44,398,300 COP
Cartagena 53,158,700 COP
Cucuta 50,759,100 COP
Ibague 52,201,800 COP
Manizales 44,760,700 COP
Medellin 54,961,400 COP
Monteria 47,401,700 COP
Neiva 46,080,100 COP
Pereira 47,519,800 COP
Santa Marta 47,158,400 COP
Soacha 48,360,600 COP
Soledad 53,278,500 COP
Valledupar 47,158,400 COP
Villavicencio 49,318,100 COP

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