Average Jewelry Mold Maker Salary in Bhutan for 2024

In this article, we will look at the average Jewelry Mold Maker salary for 2024 in Bhutan 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 Bhutanese ngultrum. To keep things simple, we are using the BTN currency code instead of the currency symbol Nu..

How Much Does a Jewelry Mold Maker Make in Bhutan?

A Jewelry Mold Maker working in Bhutan will typically earn around 232,400 BTN per year, and this can range from the lowest average salary of about 119,900 BTN to the highest average salary of 357,300 BTN.

Average Annual Salary
232,400 BTN
Average Monthly Salary
19,366 BTN

Lowest Annual Salary
119,900 BTN
Lowest Monthly Salary
9,991 BTN

Highest Annual Salary
357,300 BTN
Highest Monthly Salary
29,775 BTN

These are average salaries for a Jewelry Mold Maker in Bhutan and include benefits such as housing and transport. It's also possible for a Jewelry Mold Maker to earn more or less than the average salaries shown above.

Jewelry Mold Maker 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 Jewelry Mold Maker Salaries in Bhutan

So we've looked at the average salaries a Jewelry Mold Maker will earn in Bhutan. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Jewelry Mold Maker can earn between 119,900 BTN and 357,300 BTN on average in Bhutan. 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 Jewelry Mold Maker in Bhutan is 225,700 BTN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 225,700 BTN, and 50% of the population earn more than 225,700 BTN.

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 Jewelry Mold Maker salary in Bhutan, 25% of the population are earning less than 154,700 BTN while 75% of the population earn more than 154,700 BTN.

75% of the population earn less than 277,400 BTN, and 25% of the population earn more than 277,400 BTN.

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.

Jewelry Mold Maker Salary by Experience Level in Bhutan

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 jewelry mold maker 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 Jewelry Mold Maker in Bhutan that has less than two years of experience can expect to earn somewhere in the region of 139,100 BTN.
  • 2 - 5 Years Experience. With two to five years of experience the average Jewelry Mold Maker salary would increase to 185,100 BTN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Jewelry Mold Maker, the average salary would be 239,000 BTN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 288,700 BTN.
  • 15 - 20 Years Experience. A Jewelry Mold Maker with 15 to 20 years of experience can earn an average of 318,800 BTN.
  • 20+ Years Experience. For a Jewelry Mold Maker with more than 20 years, the expected average salary increases to 335,100 BTN.

Average Salary by Experience Chart

0-2 Years
139,100 BTN
2-5 Years +34%
185,100 BTN
5-10 Years +30%
239,000 BTN
10-15 Years +21%
288,700 BTN
15-20 Years +9%
318,800 BTN
20+ Years +5%
335,100 BTN

Jewelry Mold Maker Salary by Education Level in Bhutan

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 Jewelry Mold Maker in Bhutan 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 Jewelry Mold Maker in Bhutan with a high school education can earn an average salary of 172,400 BTN.

  • Certificate or Diploma. A Jewelry Mold Maker in Bhutan with a certificate or diploma education can earn an average salary of 288,700 BTN.

Average Salary by Education Chart

High School
172,400 BTN
Certificate or Diploma +68%
288,700 BTN

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 Bhutan is around 186,000 to 559,000 BTN 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.

Jewelry Mold Maker 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 Bhutan, a male jewelry mold maker will earn an average of 221,500 BTN, while a female jewelry mold maker will earn around 247,800 BTN.

This means that a male jewelry mold maker earns approximately 11% less than a female jewelry mold maker for performing the same job.

Average Salary by Gender Chart in Bhutan

Male
221,500 BTN
Female +11%
247,800 BTN

Jewelry Mold Maker Average Pay Raise in Bhutan

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 Jewelry Mold Maker in Bhutan is around 5% every 29 months.

The national average pay raise across all professions and industries in Bhutan 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 ÷ 29 ) × 12  = 2%

What this means is that a Jewelry Mold Maker in Bhutan can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Bhutan for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Jewelry Mold Maker Bonus and Incentive Rates in Bhutan

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 Jewelry Mold Maker is a low bonus based job, with 9% of employees reporting at least one bonus in the last 12 months.

91% 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 1% to 3%.

Received Bonus
9%
No Bonus
91%

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

Public Sector
478,000 BTN
Private Sector -11%
431,300 BTN

Salaries for Jobs Similar to a Jewelry Mold Maker

In the table below, we have salary information for jobs that are similar to a Jewelry Mold Maker in Bhutan.

Job Title Category Salary
Alterations Specialist Fashion and Apparel 180,500 BTN
Barber Fashion and Apparel 174,000 BTN
Bench Jeweler Fashion and Apparel 152,000 BTN
Clothing and Textile Technologist Fashion and Apparel 376,800 BTN
Cosmetology Educator Fashion and Apparel 442,300 BTN
Diamond Setter Fashion and Apparel 204,000 BTN
Diamond Worker Fashion and Apparel 238,900 BTN
Fabric Manager Fashion and Apparel 466,300 BTN
Fashion Design Manager Fashion and Apparel 699,700 BTN
Fashion Designer Fashion and Apparel 614,600 BTN
Fashion Merchandiser Fashion and Apparel 294,700 BTN
Fashion Model Fashion and Apparel 421,400 BTN
Freelance Fashion Stylist Fashion and Apparel 646,600 BTN
Garment Technologist Fashion and Apparel 357,300 BTN
Hairstylist Fashion and Apparel 204,000 BTN
Jeweler Fashion and Apparel 332,500 BTN
Jewelry Polisher Fashion and Apparel 151,800 BTN
Jewelry Sales Fashion and Apparel 301,300 BTN
Plating Manager Fashion and Apparel 454,300 BTN
Product Development Manager Fashion and Apparel 778,500 BTN
Sewing Machine Operator Fashion and Apparel 134,600 BTN
Shoe Sales Fashion and Apparel 221,500 BTN
Supply Chain Manager Fashion and Apparel 748,600 BTN
Tailor / Fitter Fashion and Apparel 183,700 BTN
Trend Forecaster Fashion and Apparel 455,400 BTN
Visual Merchandising Coordinator Fashion and Apparel 315,700 BTN
Visual Merchandising Projects Manager Fashion and Apparel 602,700 BTN

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