Average Pharmaceutical Manager Salary in Ecuador for 2024

In this article, we will look at the average Pharmaceutical Manager salary for 2024 in Ecuador 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 United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Pharmaceutical Manager Make in Ecuador?

A Pharmaceutical Manager working in Ecuador will typically earn around 33,520 USD per year, and this can range from the lowest average salary of about 14,820 USD to the highest average salary of 52,880 USD.

Average Annual Salary
33,520 USD
Average Monthly Salary
2,793 USD

Lowest Annual Salary
14,820 USD
Lowest Monthly Salary
1,235 USD

Highest Annual Salary
52,880 USD
Highest Monthly Salary
4,406 USD

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

Pharmaceutical 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 Pharmaceutical Manager Salaries in Ecuador

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

Salary ranges

We already know that a Pharmaceutical Manager can earn between 14,820 USD and 52,880 USD on average in Ecuador. 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 Pharmaceutical Manager in Ecuador is 38,260 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 38,260 USD, and 50% of the population earn more than 38,260 USD.

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 Pharmaceutical Manager salary in Ecuador, 25% of the population are earning less than 23,660 USD while 75% of the population earn more than 23,660 USD.

75% of the population earn less than 48,940 USD, and 25% of the population earn more than 48,940 USD.

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.

Pharmaceutical Manager Salary by Experience Level in Ecuador

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 pharmaceutical 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 Pharmaceutical Manager in Ecuador that has less than two years of experience can expect to earn somewhere in the region of 18,780 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Pharmaceutical Manager salary would increase to 23,480 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Pharmaceutical Manager, the average salary would be 34,280 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 41,480 USD.
  • 15 - 20 Years Experience. A Pharmaceutical Manager with 15 to 20 years of experience can earn an average of 48,820 USD.
  • 20+ Years Experience. For a Pharmaceutical Manager with more than 20 years, the expected average salary increases to 52,460 USD.

Average Salary by Experience Chart

0-2 Years
18,780 USD
2-5 Years +34%
23,480 USD
5-10 Years +48%
34,280 USD
10-15 Years +22%
41,480 USD
15-20 Years +9%
48,820 USD
20+ Years +8%
52,460 USD

Pharmaceutical Manager Salary by Education Level in Ecuador

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 Pharmaceutical Manager in Ecuador 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 Pharmaceutical Manager in Ecuador with a bachelor's degree education can earn an average salary of 21,100 USD.

  • Master's Degree. A Pharmaceutical Manager in Ecuador with a master's degree education can earn an average salary of 33,440 USD.

  • PhD. A Pharmaceutical Manager in Ecuador with a phd education can earn an average salary of 54,460 USD.

Average Salary by Education Chart

Bachelor's Degree
21,100 USD
Master's Degree +57%
33,440 USD
PhD +68%
54,460 USD

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 Ecuador is around 6,810 to 20,400 USD 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.

Pharmaceutical 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 Ecuador, a male pharmaceutical manager will earn an average of 34,380 USD, while a female pharmaceutical manager will earn around 31,040 USD.

This means that a male pharmaceutical manager earns approximately 11% more than a female pharmaceutical manager for performing the same job.

Average Salary by Gender Chart in Ecuador

Male
34,380 USD
Female -11%
31,040 USD

Pharmaceutical Manager Average Pay Raise in Ecuador

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 Pharmaceutical Manager in Ecuador is around 11% every 21 months.

The national average pay raise across all professions and industries in Ecuador 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 = ( 11 ÷ 21 ) × 12  = 6%

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

Annual Pay Raise by Industry in Ecuador for 2024

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

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%

Pharmaceutical Manager Bonus and Incentive Rates in Ecuador

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 Pharmaceutical Manager is a high bonus based job, with 84% of employees reporting at least one bonus in the last 12 months.

16% 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 5% to 9%.

Received Bonus
84%
No Bonus
16%

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 Ecuador earn approximately 9% less than private sector employees in the same role.

Public Sector
15,700 USD
Private Sector +9%
17,260 USD

Salaries for Jobs Similar to a Pharmaceutical Manager

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

Job Title Category Salary
Assistant Pharmacist Pharmaceutical and Biotechnology 12,240 USD
Assistant Pharmacy Director Pharmaceutical and Biotechnology 22,400 USD
Associate Medical Affairs Director Pharmaceutical and Biotechnology 34,480 USD
Bioinformatics Scientist Pharmaceutical and Biotechnology 29,160 USD
Bioinformatics Technician Pharmaceutical and Biotechnology 12,000 USD
Biological Scientist Pharmaceutical and Biotechnology 35,300 USD
Biological Technician Pharmaceutical and Biotechnology 13,560 USD
Biomedical Engineer Pharmaceutical and Biotechnology 12,000 USD
Biomedical Engineering Director Pharmaceutical and Biotechnology 24,200 USD
Biostatistician Pharmaceutical and Biotechnology 23,400 USD
Biotechnologist Pharmaceutical and Biotechnology 21,640 USD
Biotechnology Lead Data Manager Pharmaceutical and Biotechnology 15,380 USD
Chemical Process Technician Pharmaceutical and Biotechnology 15,580 USD
Clinical Consultant Pharmaceutical and Biotechnology 23,520 USD
Clinical Data Manager Pharmaceutical and Biotechnology 21,380 USD
Clinical Data Specialist Pharmaceutical and Biotechnology 16,980 USD
Clinical Informatics Specialist Pharmaceutical and Biotechnology 14,140 USD
Clinical Operations Manager Pharmaceutical and Biotechnology 30,800 USD
Clinical Pharmacist Pharmaceutical and Biotechnology 21,400 USD
Clinical Pharmacy Specialist Pharmaceutical and Biotechnology 25,940 USD
Clinical Programmer Pharmaceutical and Biotechnology 12,300 USD
Clinical Project Manager Pharmaceutical and Biotechnology 16,980 USD
Clinical Research Associate Pharmaceutical and Biotechnology 19,200 USD
Clinical Research Manager Pharmaceutical and Biotechnology 30,220 USD
Clinical Study Manager Pharmaceutical and Biotechnology 24,200 USD
Compliance Specialist Pharmaceutical and Biotechnology 22,420 USD
Cytology Laboratory Technologist Pharmaceutical and Biotechnology 17,560 USD
Cytotechnologist Pharmaceutical and Biotechnology 18,260 USD
GCP Auditor Pharmaceutical and Biotechnology 16,980 USD
Hospital Pharmacy Technician Pharmaceutical and Biotechnology 14,140 USD
Manufacturing Engineer Pharmaceutical and Biotechnology 17,560 USD
Medical Affairs Director Pharmaceutical and Biotechnology 32,620 USD
Medical Representative Pharmaceutical and Biotechnology 12,000 USD
Medical Science Liaison Pharmaceutical and Biotechnology 22,540 USD
Molecular and Cellular Biologist Pharmaceutical and Biotechnology 32,420 USD
Nuclear Pharmacist Pharmaceutical and Biotechnology 22,420 USD
Pharmaceutical Manufacturing Lead Pharmaceutical and Biotechnology 40,240 USD
Pharmaceutical Operations Excellence Manager Pharmaceutical and Biotechnology 34,540 USD
Pharmaceutical Process Engineer Pharmaceutical and Biotechnology 17,760 USD
Pharmaceutical Production Assistant Manager Pharmaceutical and Biotechnology 23,400 USD
Pharmaceutical Project Manager Pharmaceutical and Biotechnology 21,020 USD
Pharmaceutical Quality Auditor Pharmaceutical and Biotechnology 20,460 USD
Pharmaceutical Regulatory Affairs Assistant Pharmaceutical and Biotechnology 16,140 USD
Pharmaceutical Regulatory Affairs Manager Pharmaceutical and Biotechnology 22,660 USD
Pharmaceutical Regulatory Affairs Specialist Pharmaceutical and Biotechnology 17,860 USD
Pharmaceutical Representative Pharmaceutical and Biotechnology 12,240 USD
Pharmaceutical Research Associate Pharmaceutical and Biotechnology 21,640 USD
Pharmaceutical Research Scientist Pharmaceutical and Biotechnology 28,860 USD
Pharmaceutical Researcher Pharmaceutical and Biotechnology 27,480 USD
Pharmaceutical Sales and Marketing Manager Pharmaceutical and Biotechnology 24,860 USD
Pharmaceutical Sales Manager Pharmaceutical and Biotechnology 28,860 USD
Pharmaceutical Sales Representative Pharmaceutical and Biotechnology 13,560 USD
Pharmaceutical Supply Chain Manager Pharmaceutical and Biotechnology 33,120 USD
Pharmaceutical Team Leader Pharmaceutical and Biotechnology 23,520 USD
Pharmaceutical Technologist Pharmaceutical and Biotechnology 14,540 USD
Pharmacist Pharmaceutical and Biotechnology 20,940 USD
Pharmacy Aide Pharmaceutical and Biotechnology 11,880 USD
Pharmacy Manager Pharmaceutical and Biotechnology 28,660 USD
Pharmacy Stock Controller Pharmaceutical and Biotechnology 12,620 USD
Pharmacy Technician Pharmaceutical and Biotechnology 12,520 USD
Records Management Coordinator Pharmaceutical and Biotechnology 8,880 USD
Shift Encapsulator Pharmaceutical and Biotechnology 12,200 USD
Staff Pharmacist Pharmaceutical and Biotechnology 19,060 USD

Salary Comparison by City

If you want to compare salaries with different cities in Ecuador, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Cuenca 36,720 USD
Duran 34,960 USD
Guayaquil 42,040 USD
Machala 37,200 USD
Manta 35,520 USD
Portoviejo 34,080 USD
Quito 39,160 USD
Santo Domingo 36,160 USD