Average Loss Prevention Manager Salary in Guatemala for 2024

In this article, we will look at the average Loss Prevention Manager salary for 2024 in Guatemala 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 Guatemalan quetzal. To keep things simple, we are using the GTQ currency code instead of the currency symbol Q.

How Much Does a Loss Prevention Manager Make in Guatemala?

A Loss Prevention Manager working in Guatemala will typically earn around 167,100 GTQ per year, and this can range from the lowest average salary of about 91,380 GTQ to the highest average salary of 252,300 GTQ.

Average Annual Salary
167,100 GTQ
Average Monthly Salary
13,925 GTQ

Lowest Annual Salary
91,380 GTQ
Lowest Monthly Salary
7,615 GTQ

Highest Annual Salary
252,300 GTQ
Highest Monthly Salary
21,025 GTQ

These are average salaries for a Loss Prevention Manager in Guatemala and include benefits such as housing and transport. It's also possible for a Loss Prevention Manager to earn more or less than the average salaries shown above.

Loss Prevention 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 Loss Prevention Manager Salaries in Guatemala

So we've looked at the average salaries a Loss Prevention Manager will earn in Guatemala. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Loss Prevention Manager can earn between 91,380 GTQ and 252,300 GTQ on average in Guatemala. 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 Loss Prevention Manager in Guatemala is 152,300 GTQ. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 152,300 GTQ, and 50% of the population earn more than 152,300 GTQ.

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 Loss Prevention Manager salary in Guatemala, 25% of the population are earning less than 109,460 GTQ while 75% of the population earn more than 109,460 GTQ.

75% of the population earn less than 187,300 GTQ, and 25% of the population earn more than 187,300 GTQ.

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.

Loss Prevention Manager Salary by Experience Level in Guatemala

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 loss prevention 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 Loss Prevention Manager in Guatemala that has less than two years of experience can expect to earn somewhere in the region of 105,620 GTQ.
  • 2 - 5 Years Experience. With two to five years of experience the average Loss Prevention Manager salary would increase to 134,600 GTQ.
  • 5 - 10 Years Experience. From five to ten years of experience as a Loss Prevention Manager, the average salary would be 174,000 GTQ.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 207,800 GTQ.
  • 15 - 20 Years Experience. A Loss Prevention Manager with 15 to 20 years of experience can earn an average of 227,600 GTQ.
  • 20+ Years Experience. For a Loss Prevention Manager with more than 20 years, the expected average salary increases to 240,500 GTQ.

Average Salary by Experience Chart

0-2 Years
105,620 GTQ
2-5 Years +26%
134,600 GTQ
5-10 Years +32%
174,000 GTQ
10-15 Years +18%
207,800 GTQ
15-20 Years +11%
227,600 GTQ
20+ Years +6%
240,500 GTQ

Loss Prevention Manager Salary by Education Level in Guatemala

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 Loss Prevention Manager in Guatemala 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. A Loss Prevention Manager in Guatemala with a bachelor's degree education can earn an average salary of 136,200 GTQ.

  • Master's Degree. A Loss Prevention Manager in Guatemala with a master's degree education can earn an average salary of 207,700 GTQ.

Average Salary by Education Chart

Bachelor's Degree
136,200 GTQ
Master's Degree +53%
207,700 GTQ

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 Guatemala is around 52,400 to 157,000 GTQ 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.

Loss Prevention 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 Guatemala, a male loss prevention manager will earn an average of 172,400 GTQ, while a female loss prevention manager will earn around 159,400 GTQ.

This means that a male loss prevention manager earns approximately 8% more than a female loss prevention manager for performing the same job.

Average Salary by Gender Chart in Guatemala

Male
172,400 GTQ
Female -8%
159,400 GTQ

Loss Prevention Manager Average Pay Raise in Guatemala

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 Loss Prevention Manager in Guatemala is around 10% every 20 months.

The national average pay raise across all professions and industries in Guatemala 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 = ( 10 ÷ 20 ) × 12  = 6%

What this means is that a Loss Prevention Manager in Guatemala can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in Guatemala for 2024

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

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%

Loss Prevention Manager Bonus and Incentive Rates in Guatemala

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 Loss Prevention Manager is a high bonus based job, with 74% of employees reporting at least one bonus in the last 12 months.

26% 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 6% to 7%.

Received Bonus
74%
No Bonus
26%

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 Guatemala earn approximately 12% more than private sector employees in the same role.

Public Sector
134,600 GTQ
Private Sector -12%
119,700 GTQ

Salaries for Jobs Similar to a Loss Prevention Manager

In the table below, we have salary information for jobs that are similar to a Loss Prevention Manager in Guatemala.

Job Title Category Salary
Actuarial Analyst Insurance 159,100 GTQ
Actuarial Assistant Insurance 111,900 GTQ
Actuarial Specialist Insurance 109,720 GTQ
Actuary Insurance 169,000 GTQ
Adjustment Insurance Clerk Insurance 44,720 GTQ
Assistant Broker Insurance 78,420 GTQ
Assistant Claims Manager Insurance 125,700 GTQ
Associate Insurance Representative Insurance 61,760 GTQ
Auditing Insurance Manager Insurance 176,800 GTQ
Broker Insurance 127,700 GTQ
Claim Advocacy Professional Insurance 125,700 GTQ
Claims Adjuster Insurance 45,060 GTQ
Claims Analyst Insurance 58,440 GTQ
Claims Examiner Insurance 66,480 GTQ
Claims Manager Insurance 176,800 GTQ
Claims Processor Insurance 47,180 GTQ
Claims Representative Insurance 54,280 GTQ
Claims Resolution Specialist Insurance 136,200 GTQ
Claims Supervisor Insurance 119,900 GTQ
Complaints Specialist Insurance 109,000 GTQ
Compliance Examiner Insurance 108,800 GTQ
Compliance Officer Insurance 99,560 GTQ
Compliance Reviewer Insurance 117,440 GTQ
Consultant Insurance 115,260 GTQ
Eligibility Interviewer Insurance 129,000 GTQ
Eligibility Specialist Insurance 119,900 GTQ
Insurance Account Manager Insurance 152,100 GTQ
Insurance Accounts Executive Insurance 134,600 GTQ
Insurance Adjuster Insurance 115,640 GTQ
Insurance Agent Insurance 73,040 GTQ
Insurance Analyst Insurance 117,380 GTQ
Insurance Appraiser Insurance 123,400 GTQ
Insurance Claims Clerk Insurance 46,400 GTQ
Insurance Examiner Insurance 107,900 GTQ
Insurance Investigator Insurance 112,280 GTQ
Insurance Manager Insurance 204,000 GTQ
Insurance Operations Manager Insurance 209,700 GTQ
Insurance Policy Processing Clerk Insurance 45,060 GTQ
Insurance Pricing Assistant Insurance 99,340 GTQ
Insurance Program Manager Insurance 161,600 GTQ
Insurance Project Manager Insurance 148,300 GTQ
Insurance Quality Assurance Agent Insurance 109,000 GTQ
Insurance Sales Agent Insurance 69,580 GTQ
Insurance Sales Director Insurance 192,600 GTQ
Insurance Sales Manager Insurance 154,700 GTQ
Insurance Sales Representative Insurance 66,480 GTQ
Insurance Team Leader Insurance 130,400 GTQ
Insurance Underwriter Insurance 96,340 GTQ
Loss Control Specialist Insurance 115,560 GTQ
Loss Prevention Investigator Insurance 119,900 GTQ
Loss Prevention Specialist Insurance 136,100 GTQ
Marine Underwriter Insurance 92,400 GTQ
Medical Auditor Insurance 119,900 GTQ
Monitoring and Performance Officer Insurance 83,200 GTQ
Payment Services Specialist Insurance 117,660 GTQ
Policy Change Director Insurance 185,100 GTQ
Policy Change Supervisor Insurance 127,700 GTQ
Policy Change Technician Insurance 55,840 GTQ
Risk Analyst Insurance 138,800 GTQ
Risk Management Director Insurance 239,000 GTQ
Risk Management Supervisor Insurance 152,300 GTQ
Risk Manager Insurance 225,300 GTQ
Risk Modeling Manager Insurance 221,500 GTQ
Title Insurance Typist Insurance 104,500 GTQ
Training Manager Insurance 136,100 GTQ

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  • "Average Loss Prevention Manager Salary in Guatemala for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-loss-prevention-manager-salary-in-guatemala/.

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