Average Inventory Analyst Salary in Laos for 2024

In this article, we will look at the average Inventory Analyst salary for 2024 in Laos 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 Lao kip. To keep things simple, we are using the LAK currency code instead of the currency symbol โ‚ญ.

How Much Does an Inventory Analyst Make in Laos?

An Inventory Analyst working in Laos will typically earn around 49,318,100 LAK per year, and this can range from the lowest average salary of about 22,681,800 LAK to the highest average salary of 78,479,700 LAK.

Average Annual Salary
49,318,100 LAK
Average Monthly Salary
4,109,841 LAK

Lowest Annual Salary
22,681,800 LAK
Lowest Monthly Salary
1,890,150 LAK

Highest Annual Salary
78,479,700 LAK
Highest Monthly Salary
6,539,975 LAK

These are average salaries for an Inventory Analyst in Laos 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 Laos

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

Salary ranges

We already know that an Inventory Analyst can earn between 22,681,800 LAK and 78,479,700 LAK on average in Laos. 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 Laos is 53,278,500 LAK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 53,278,500 LAK, and 50% of the population earn more than 53,278,500 LAK.

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 Laos, 25% of the population are earning less than 34,198,600 LAK while 75% of the population earn more than 34,198,600 LAK.

75% of the population earn less than 71,161,900 LAK, and 25% of the population earn more than 71,161,900 LAK.

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 Laos

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 Laos that has less than two years of experience can expect to earn somewhere in the region of 25,801,200 LAK.
  • 2 - 5 Years Experience. With two to five years of experience the average Inventory Analyst salary would increase to 34,441,600 LAK.
  • 5 - 10 Years Experience. From five to ten years of experience as an Inventory Analyst, the average salary would be 50,878,500 LAK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 62,041,800 LAK.
  • 15 - 20 Years Experience. An Inventory Analyst with 15 to 20 years of experience can earn an average of 67,558,400 LAK.
  • 20+ Years Experience. For an Inventory Analyst with more than 20 years, the expected average salary increases to 73,198,300 LAK.

Average Salary by Experience Chart

0-2 Years
25,801,200 LAK
2-5 Years +34%
34,441,600 LAK
5-10 Years +48%
50,878,500 LAK
10-15 Years +22%
62,041,800 LAK
15-20 Years +9%
67,558,400 LAK
20+ Years +8%
73,198,300 LAK

Inventory Analyst Salary by Education Level in Laos

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 Laos 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 Laos with a high school education can earn an average salary of 31,559,900 LAK.

  • Certificate or Diploma. An Inventory Analyst in Laos with a certificate or diploma education can earn an average salary of 37,201,700 LAK.

  • Bachelor's Degree. An Inventory Analyst in Laos with a bachelor's degree education can earn an average salary of 53,879,800 LAK.

  • Master's Degree. An Inventory Analyst in Laos with a master's degree education can earn an average salary of 70,679,800 LAK.

Average Salary by Education Chart

High School
31,559,900 LAK
Certificate or Diploma +18%
37,201,700 LAK
Bachelor's Degree +45%
53,879,800 LAK
Master's Degree +31%
70,679,800 LAK

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 Laos is around 22,700,000 to 68,200,000 LAK 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 Laos, a male inventory analyst will earn an average of 52,438,500 LAK, while a female inventory analyst will earn around 46,319,900 LAK.

This means that a male inventory analyst earns approximately 13% more than a female inventory analyst for performing the same job.

Average Salary by Gender Chart in Laos

Male
52,438,500 LAK
Female -13%
46,319,900 LAK

Inventory Analyst Average Pay Raise in Laos

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 Laos is around 5% every 31 months.

The national average pay raise across all professions and industries in Laos 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 = ( 5 ÷ 31 ) × 12  = 2%

What this means is that an Inventory Analyst in Laos can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Laos for 2024

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

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

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Inventory Analyst Bonus and Incentive Rates in Laos

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 low bonus based job, with 41% of employees reporting at least one bonus in the last 12 months.

59% 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
41%
No Bonus
59%

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 Laos earn approximately 25% more than private sector employees in the same role.

Public Sector
60,598,100 LAK
Private Sector -25%
48,601,200 LAK

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 Laos.

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 50,639,500 LAK
Asset Protection Associate Purchasing and Inventory 47,158,400 LAK
Asset Protection Specialist Purchasing and Inventory 50,759,100 LAK
Assistant Buyer Purchasing and Inventory 46,800,400 LAK
Buyer Purchasing and Inventory 75,121,900 LAK
Capacity Planner Purchasing and Inventory 55,201,700 LAK
Category Leader Purchasing and Inventory 50,878,500 LAK
Category Management Specialist Purchasing and Inventory 53,158,700 LAK
Category Manager Purchasing and Inventory 59,999,100 LAK
Channel Services Representative Purchasing and Inventory 53,521,300 LAK
Contracts Manager Purchasing and Inventory 59,281,600 LAK
Contracts Specialist Purchasing and Inventory 51,841,000 LAK
Demand Planner Purchasing and Inventory 53,040,100 LAK
Demand Planning Manager Purchasing and Inventory 67,200,800 LAK
Distribution Assistant Purchasing and Inventory 44,760,700 LAK
Distribution Associate Purchasing and Inventory 46,199,800 LAK
Distribution Manager Purchasing and Inventory 100,921,300 LAK
Inventory Control Clerk Purchasing and Inventory 25,440,400 LAK
Inventory Control Manager Purchasing and Inventory 65,759,500 LAK
Inventory Management Associate Purchasing and Inventory 52,918,800 LAK
Inventory Specialist Purchasing and Inventory 48,480,700 LAK
Logistics Engineer Purchasing and Inventory 45,478,500 LAK
Master Planner Purchasing and Inventory 49,678,100 LAK
Material Handler Purchasing and Inventory 30,119,100 LAK
Material Planning Specialist Purchasing and Inventory 43,198,900 LAK
Merchandise Manager Purchasing and Inventory 60,361,600 LAK
Procurement Administrator Purchasing and Inventory 61,561,100 LAK
Procurement Agent Purchasing and Inventory 37,441,100 LAK
Procurement Analyst Purchasing and Inventory 64,319,500 LAK
Procurement Assistant Purchasing and Inventory 40,079,600 LAK
Procurement Associate Purchasing and Inventory 51,719,500 LAK
Procurement Clerk Purchasing and Inventory 23,280,700 LAK
Procurement Engineer Purchasing and Inventory 46,680,900 LAK
Procurement Manager Purchasing and Inventory 97,800,200 LAK
Procurement Officer Purchasing and Inventory 23,638,700 LAK
Procurement Process Analyst Purchasing and Inventory 59,040,700 LAK
Procurement Specialist Purchasing and Inventory 44,161,600 LAK
Production Planner Purchasing and Inventory 56,998,400 LAK
Project Buyer Purchasing and Inventory 61,199,900 LAK
Purchaser Purchasing and Inventory 78,719,700 LAK
Purchasing Agent Purchasing and Inventory 43,800,600 LAK
Purchasing Assistant Purchasing and Inventory 27,241,100 LAK
Purchasing Manager Purchasing and Inventory 100,439,300 LAK
Purchasing Officer Purchasing and Inventory 47,038,300 LAK
Purchasing Supervisor Purchasing and Inventory 65,041,800 LAK
Shipping and Receiving Clerk Purchasing and Inventory 24,478,500 LAK
Shipping Coordinator Purchasing and Inventory 48,841,700 LAK
Stock Clerk Purchasing and Inventory 27,479,000 LAK
Stock Regulator Purchasing and Inventory 28,078,900 LAK
Storage Manager Purchasing and Inventory 63,719,600 LAK
Store Keeper Purchasing and Inventory 26,399,200 LAK
Stores and Logistics Coordinator Purchasing and Inventory 49,678,100 LAK
Supply Chain Analyst Purchasing and Inventory 67,920,100 LAK
Supply Chain Coordinator Purchasing and Inventory 54,961,400 LAK
Supply Chain Development Manager Purchasing and Inventory 94,079,900 LAK
Supply Chain Director Purchasing and Inventory 108,719,900 LAK
Supply Chain Manager Purchasing and Inventory 97,199,500 LAK
Supply Planner Purchasing and Inventory 50,759,100 LAK
Warehouse Assistant Purchasing and Inventory 20,639,100 LAK
Warehouse Clerk Purchasing and Inventory 21,961,700 LAK
Warehouse Executive Purchasing and Inventory 87,481,900 LAK
Warehouse Lead Purchasing and Inventory 59,040,700 LAK
Warehouse Manager Purchasing and Inventory 87,240,100 LAK
Warehouse Supervisor Purchasing and Inventory 59,878,400 LAK
Wholesale Buyer Purchasing and Inventory 77,519,100 LAK

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