Average Merchandise Planner Salary in Nicaragua for 2024

In this article, we will look at the average Merchandise Planner salary for 2024 in Nicaragua 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 Nicaraguan córdoba. To keep things simple, we are using the NIO currency code instead of the currency symbol C$.

How Much Does a Merchandise Planner Make in Nicaragua?

A Merchandise Planner working in Nicaragua will typically earn around 117,520 NIO per year, and this can range from the lowest average salary of about 52,880 NIO to the highest average salary of 189,300 NIO.

Average Annual Salary
117,520 NIO
Average Monthly Salary
9,793 NIO

Lowest Annual Salary
52,880 NIO
Lowest Monthly Salary
4,406 NIO

Highest Annual Salary
189,300 NIO
Highest Monthly Salary
15,775 NIO

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

Merchandise Planner 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 Planner Salaries in Nicaragua

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

Salary ranges

We already know that a Merchandise Planner can earn between 52,880 NIO and 189,300 NIO on average in Nicaragua. 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 Planner in Nicaragua is 125,700 NIO. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 125,700 NIO, and 50% of the population earn more than 125,700 NIO.

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 Planner salary in Nicaragua, 25% of the population are earning less than 82,160 NIO while 75% of the population earn more than 82,160 NIO.

75% of the population earn less than 172,200 NIO, and 25% of the population earn more than 172,200 NIO.

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 Planner Salary by Experience Level in Nicaragua

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 planner 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 Planner in Nicaragua that has less than two years of experience can expect to earn somewhere in the region of 60,600 NIO.
  • 2 - 5 Years Experience. With two to five years of experience the average Merchandise Planner salary would increase to 80,640 NIO.
  • 5 - 10 Years Experience. From five to ten years of experience as a Merchandise Planner, the average salary would be 123,400 NIO.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 150,000 NIO.
  • 15 - 20 Years Experience. A Merchandise Planner with 15 to 20 years of experience can earn an average of 161,300 NIO.
  • 20+ Years Experience. For a Merchandise Planner with more than 20 years, the expected average salary increases to 174,000 NIO.

Average Salary by Experience Chart

0-2 Years
60,600 NIO
2-5 Years +34%
80,640 NIO
5-10 Years +48%
123,400 NIO
10-15 Years +22%
150,000 NIO
15-20 Years +9%
161,300 NIO
20+ Years +8%
174,000 NIO

Merchandise Planner Salary by Education Level in Nicaragua

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 Planner in Nicaragua 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 Planner in Nicaragua with a high school education can earn an average salary of 76,540 NIO.

  • Certificate or Diploma. A Merchandise Planner in Nicaragua with a certificate or diploma education can earn an average salary of 87,760 NIO.

  • Bachelor's Degree. A Merchandise Planner in Nicaragua with a bachelor's degree education can earn an average salary of 128,500 NIO.

  • Master's Degree. A Merchandise Planner in Nicaragua with a master's degree education can earn an average salary of 169,000 NIO.

Average Salary by Education Chart

High School
76,540 NIO
Certificate or Diploma +18%
87,760 NIO
Bachelor's Degree +45%
128,500 NIO
Master's Degree +31%
169,000 NIO

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 Nicaragua is around 94,700 to 284,000 NIO 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 Planner 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 Nicaragua, a male merchandise planner will earn an average of 127,700 NIO, while a female merchandise planner will earn around 110,380 NIO.

This means that a male merchandise planner earns approximately 16% more than a female merchandise planner for performing the same job.

Average Salary by Gender Chart in Nicaragua

Male
127,700 NIO
Female -16%
110,380 NIO

Merchandise Planner Average Pay Raise in Nicaragua

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 Planner in Nicaragua is around 9% every 26 months.

The national average pay raise across all professions and industries in Nicaragua is around 5% every 28 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 = ( 9 ÷ 26 ) × 12  = 4%

What this means is that a Merchandise Planner in Nicaragua can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Nicaragua for 2024

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

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 Planner Bonus and Incentive Rates in Nicaragua

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 Planner is a low bonus based job, with 40% of employees reporting at least one bonus in the last 12 months.

60% 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
40%
No Bonus
60%

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

Public Sector
245,300 NIO
Private Sector -14%
215,100 NIO

Salaries for Jobs Similar to a Merchandise Planner

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

Job Title Category Salary
Assistant Business Development Manager Business Planning 283,700 NIO
Assistant Merchandise Planner Business Planning 172,200 NIO
Business Advisor Business Planning 288,700 NIO
Business Analyst Business Planning 273,000 NIO
Business Consultant Business Planning 282,300 NIO
Business Continuity Associate Business Planning 161,600 NIO
Business Developer Business Planning 185,100 NIO
Business Development Analyst Business Planning 204,700 NIO
Business Development Associate Business Planning 138,200 NIO
Business Development Coordinator Business Planning 159,400 NIO
Business Development Director Business Planning 377,200 NIO
Business Development Engineer Business Planning 222,300 NIO
Business Development Executive Business Planning 277,400 NIO
Business Development Manager Business Planning 352,000 NIO
Business Development Specialist Business Planning 267,100 NIO
Business Manager Business Planning 320,500 NIO
Business Operations Specialist Business Planning 249,600 NIO
Business Process Writer Business Planning 163,800 NIO
Business Systems Analyst Business Planning 282,500 NIO
Capacity Planner Business Planning 187,500 NIO
Capacity Planning Supervisor Business Planning 263,100 NIO
Change Communications Analyst Business Planning 257,700 NIO
Change Control Analyst Business Planning 253,400 NIO
Change Impact Analyst Business Planning 271,300 NIO
Contracts Executive Business Planning 268,900 NIO
Corporate Strategy Analyst Business Planning 281,500 NIO
Cost Control Engineer Business Planning 174,000 NIO
Cost Controller Business Planning 209,700 NIO
Cost Estimator Business Planning 176,800 NIO
Data Executive Business Planning 142,300 NIO
Data Manager Business Planning 207,700 NIO
Data Processing Manager Business Planning 249,600 NIO
Development Researcher Business Planning 215,100 NIO
Director of Business Development Business Planning 377,200 NIO
Director of Production Planning Business Planning 322,600 NIO
Due Diligence Analyst Business Planning 294,300 NIO
Estimating Manager Business Planning 290,800 NIO
General Manager Business Planning 327,800 NIO
Incident Handler Business Planning 197,600 NIO
Incident Specialist Business Planning 233,900 NIO
Lean Consultant Business Planning 205,700 NIO
Manager Business Planning 372,600 NIO
Marketing and Business Development Manager Business Planning 325,900 NIO
Materials Planner Business Planning 125,100 NIO
Merchandise Assistant Business Planning 115,400 NIO
Merchandise Controller Business Planning 125,100 NIO
Operations Analyst Business Planning 254,700 NIO
Operations Manager Business Planning 288,100 NIO
Operations Research Analyst Business Planning 163,800 NIO
Planning and Reporting Manager Business Planning 288,100 NIO
Planning Director Business Planning 372,600 NIO
Project Administrator Business Planning 172,200 NIO
Project Manager Business Planning 282,300 NIO
Project Planner Business Planning 183,600 NIO
Research Assistant Business Planning 152,100 NIO
Research Engineer Business Planning 169,000 NIO
Research Officer Business Planning 130,400 NIO
Risk Management Specialist Business Planning 259,100 NIO
Scholarship Coordinator Business Planning 143,200 NIO
Store Planner Business Planning 136,200 NIO
Strategy Director Business Planning 361,500 NIO
Top Research and Development Executive Business Planning 412,000 NIO

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