Average Merchandise Manager Salary in Guyana for 2024

In this article, we will look at the average Merchandise Manager salary for 2024 in Guyana 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 Guyanese dollar. To keep things simple, we are using the GYD currency code instead of the currency symbol $.

How Much Does a Merchandise Manager Make in Guyana?

A Merchandise Manager working in Guyana will typically earn around 2,136,200 GYD per year, and this can range from the lowest average salary of about 1,113,700 GYD to the highest average salary of 3,277,900 GYD.

Average Annual Salary
2,136,200 GYD
Average Monthly Salary
178,016 GYD

Lowest Annual Salary
1,113,700 GYD
Lowest Monthly Salary
92,808 GYD

Highest Annual Salary
3,277,900 GYD
Highest Monthly Salary
273,158 GYD

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

Merchandise 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 Merchandise Manager Salaries in Guyana

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

Salary ranges

We already know that a Merchandise Manager can earn between 1,113,700 GYD and 3,277,900 GYD on average in Guyana. 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 Merchandise Manager in Guyana is 2,052,200 GYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,052,200 GYD, and 50% of the population earn more than 2,052,200 GYD.

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 Merchandise Manager salary in Guyana, 25% of the population are earning less than 1,428,800 GYD while 75% of the population earn more than 1,428,800 GYD.

75% of the population earn less than 2,557,100 GYD, and 25% of the population earn more than 2,557,100 GYD.

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.

Merchandise Manager Salary by Experience Level in Guyana

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 merchandise 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 Merchandise Manager in Guyana that has less than two years of experience can expect to earn somewhere in the region of 1,259,300 GYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Merchandise Manager salary would increase to 1,693,600 GYD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Merchandise Manager, the average salary would be 2,207,600 GYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 2,662,900 GYD.
  • 15 - 20 Years Experience. A Merchandise Manager with 15 to 20 years of experience can earn an average of 2,914,600 GYD.
  • 20+ Years Experience. For a Merchandise Manager with more than 20 years, the expected average salary increases to 3,071,100 GYD.

Average Salary by Experience Chart

0-2 Years
1,259,300 GYD
2-5 Years +34%
1,693,600 GYD
5-10 Years +30%
2,207,600 GYD
10-15 Years +21%
2,662,900 GYD
15-20 Years +9%
2,914,600 GYD
20+ Years +5%
3,071,100 GYD

Merchandise Manager Salary by Education Level in Guyana

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 Merchandise Manager in Guyana 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 Merchandise Manager in Guyana with a high school education can earn an average salary of 1,524,300 GYD.

  • Certificate or Diploma. A Merchandise Manager in Guyana with a certificate or diploma education can earn an average salary of 1,741,800 GYD.

  • Bachelor's Degree. A Merchandise Manager in Guyana with a bachelor's degree education can earn an average salary of 2,447,200 GYD.

  • Master's Degree. A Merchandise Manager in Guyana with a master's degree education can earn an average salary of 2,976,900 GYD.

Average Salary by Education Chart

High School
1,524,300 GYD
Certificate or Diploma +14%
1,741,800 GYD
Bachelor's Degree +41%
2,447,200 GYD
Master's Degree +21%
2,976,900 GYD

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 Guyana is around 876,000 to 2,630,000 GYD 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.

Merchandise 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 Guyana, a male merchandise manager will earn an average of 2,230,100 GYD, while a female merchandise manager will earn around 2,076,600 GYD.

This means that a male merchandise manager earns approximately 7% more than a female merchandise manager for performing the same job.

Average Salary by Gender Chart in Guyana

Male
2,230,100 GYD
Female -7%
2,076,600 GYD

Merchandise Manager Average Pay Raise in Guyana

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 Merchandise Manager in Guyana is around 6% every 31 months.

The national average pay raise across all professions and industries in Guyana 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 = ( 6 ÷ 31 ) × 12  = 2%

What this means is that a Merchandise Manager in Guyana can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Guyana for 2024

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

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

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Merchandise Manager Bonus and Incentive Rates in Guyana

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 Merchandise Manager is a low bonus based job, with 35% of employees reporting at least one bonus in the last 12 months.

65% 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
35%
No Bonus
65%

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 Guyana earn approximately 14% more than private sector employees in the same role.

Public Sector
2,266,400 GYD
Private Sector -14%
1,990,300 GYD

Salaries for Jobs Similar to a Merchandise Manager

In the table below, we have salary information for jobs that are similar to a Merchandise Manager in Guyana.

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 1,678,300 GYD
Asset Protection Associate Purchasing and Inventory 1,693,600 GYD
Asset Protection Specialist Purchasing and Inventory 1,955,300 GYD
Assistant Buyer Purchasing and Inventory 1,655,500 GYD
Buyer Purchasing and Inventory 2,773,700 GYD
Capacity Planner Purchasing and Inventory 1,990,300 GYD
Category Leader Purchasing and Inventory 1,800,200 GYD
Category Management Specialist Purchasing and Inventory 1,835,700 GYD
Category Manager Purchasing and Inventory 2,136,200 GYD
Channel Services Representative Purchasing and Inventory 1,788,300 GYD
Contracts Manager Purchasing and Inventory 2,197,700 GYD
Contracts Specialist Purchasing and Inventory 1,825,000 GYD
Demand Planner Purchasing and Inventory 1,870,400 GYD
Demand Planning Manager Purchasing and Inventory 2,401,300 GYD
Distribution Assistant Purchasing and Inventory 1,583,700 GYD
Distribution Associate Purchasing and Inventory 1,594,500 GYD
Distribution Manager Purchasing and Inventory 3,469,900 GYD
Inventory Analyst Purchasing and Inventory 1,788,300 GYD
Inventory Control Clerk Purchasing and Inventory 942,700 GYD
Inventory Control Manager Purchasing and Inventory 2,374,400 GYD
Inventory Management Associate Purchasing and Inventory 1,870,400 GYD
Inventory Specialist Purchasing and Inventory 1,741,800 GYD
Logistics Engineer Purchasing and Inventory 1,570,900 GYD
Master Planner Purchasing and Inventory 1,655,500 GYD
Material Handler Purchasing and Inventory 1,031,200 GYD
Material Planning Specialist Purchasing and Inventory 1,594,500 GYD
Procurement Administrator Purchasing and Inventory 2,100,900 GYD
Procurement Agent Purchasing and Inventory 1,380,400 GYD
Procurement Analyst Purchasing and Inventory 2,266,400 GYD
Procurement Assistant Purchasing and Inventory 1,440,700 GYD
Procurement Associate Purchasing and Inventory 1,858,200 GYD
Procurement Clerk Purchasing and Inventory 895,900 GYD
Procurement Engineer Purchasing and Inventory 1,811,000 GYD
Procurement Manager Purchasing and Inventory 3,706,100 GYD
Procurement Officer Purchasing and Inventory 874,500 GYD
Procurement Process Analyst Purchasing and Inventory 2,136,200 GYD
Procurement Specialist Purchasing and Inventory 1,570,900 GYD
Production Planner Purchasing and Inventory 1,908,800 GYD
Project Buyer Purchasing and Inventory 2,221,600 GYD
Purchaser Purchasing and Inventory 2,676,200 GYD
Purchasing Agent Purchasing and Inventory 1,524,300 GYD
Purchasing Assistant Purchasing and Inventory 938,700 GYD
Purchasing Manager Purchasing and Inventory 3,539,100 GYD
Purchasing Officer Purchasing and Inventory 1,606,100 GYD
Purchasing Supervisor Purchasing and Inventory 2,327,100 GYD
Shipping and Receiving Clerk Purchasing and Inventory 848,200 GYD
Shipping Coordinator Purchasing and Inventory 1,621,400 GYD
Stock Clerk Purchasing and Inventory 918,500 GYD
Stock Regulator Purchasing and Inventory 1,000,700 GYD
Storage Manager Purchasing and Inventory 2,362,300 GYD
Store Keeper Purchasing and Inventory 864,700 GYD
Stores and Logistics Coordinator Purchasing and Inventory 1,870,400 GYD
Supply Chain Analyst Purchasing and Inventory 2,566,100 GYD
Supply Chain Coordinator Purchasing and Inventory 1,870,400 GYD
Supply Chain Development Manager Purchasing and Inventory 3,373,200 GYD
Supply Chain Director Purchasing and Inventory 3,805,100 GYD
Supply Chain Manager Purchasing and Inventory 3,444,200 GYD
Supply Planner Purchasing and Inventory 1,703,200 GYD
Warehouse Assistant Purchasing and Inventory 717,900 GYD
Warehouse Clerk Purchasing and Inventory 722,100 GYD
Warehouse Executive Purchasing and Inventory 2,964,800 GYD
Warehouse Lead Purchasing and Inventory 2,015,600 GYD
Warehouse Manager Purchasing and Inventory 3,094,100 GYD
Warehouse Supervisor Purchasing and Inventory 2,173,000 GYD
Wholesale Buyer Purchasing and Inventory 2,579,200 GYD

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