Average Pharmaceutical Operations Excellence Manager Salary in Guyana for 2024

In this article, we will look at the average Pharmaceutical Operations Excellence 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 Pharmaceutical Operations Excellence Manager Make in Guyana?

A Pharmaceutical Operations Excellence Manager working in Guyana will typically earn around 4,152,200 GYD per year, and this can range from the lowest average salary of about 2,026,800 GYD to the highest average salary of 6,469,100 GYD.

Average Annual Salary
4,152,200 GYD
Average Monthly Salary
346,016 GYD

Lowest Annual Salary
2,026,800 GYD
Lowest Monthly Salary
168,900 GYD

Highest Annual Salary
6,469,100 GYD
Highest Monthly Salary
539,091 GYD

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

Pharmaceutical Operations Excellence 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 Operations Excellence Manager Salaries in Guyana

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

Salary ranges

We already know that a Pharmaceutical Operations Excellence Manager can earn between 2,026,800 GYD and 6,469,100 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 Pharmaceutical Operations Excellence Manager in Guyana is 4,235,500 GYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 4,235,500 GYD, and 50% of the population earn more than 4,235,500 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 Pharmaceutical Operations Excellence Manager salary in Guyana, 25% of the population are earning less than 2,819,600 GYD while 75% of the population earn more than 2,819,600 GYD.

75% of the population earn less than 5,461,900 GYD, and 25% of the population earn more than 5,461,900 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.

Pharmaceutical Operations Excellence 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 pharmaceutical operations excellence 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 Operations Excellence Manager in Guyana that has less than two years of experience can expect to earn somewhere in the region of 2,411,500 GYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Pharmaceutical Operations Excellence Manager salary would increase to 3,094,100 GYD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Pharmaceutical Operations Excellence Manager, the average salary would be 4,270,100 GYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 5,292,500 GYD.
  • 15 - 20 Years Experience. A Pharmaceutical Operations Excellence Manager with 15 to 20 years of experience can earn an average of 5,676,700 GYD.
  • 20+ Years Experience. For a Pharmaceutical Operations Excellence Manager with more than 20 years, the expected average salary increases to 6,048,900 GYD.

Average Salary by Experience Chart

0-2 Years
2,411,500 GYD
2-5 Years +29%
3,094,100 GYD
5-10 Years +38%
4,270,100 GYD
10-15 Years +24%
5,292,500 GYD
15-20 Years +7%
5,676,700 GYD
20+ Years +7%
6,048,900 GYD

Pharmaceutical Operations Excellence 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 Pharmaceutical Operations Excellence 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.

  • Bachelor's Degree. A Pharmaceutical Operations Excellence Manager in Guyana with a bachelor's degree education can earn an average salary of 2,831,100 GYD.

  • Master's Degree. A Pharmaceutical Operations Excellence Manager in Guyana with a master's degree education can earn an average salary of 3,898,100 GYD.

  • PhD. A Pharmaceutical Operations Excellence Manager in Guyana with a phd education can earn an average salary of 6,382,300 GYD.

Average Salary by Education Chart

Bachelor's Degree
2,831,100 GYD
Master's Degree +38%
3,898,100 GYD
PhD +64%
6,382,300 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.

Pharmaceutical Operations Excellence 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 pharmaceutical operations excellence manager will earn an average of 4,282,500 GYD, while a female pharmaceutical operations excellence manager will earn around 3,970,700 GYD.

This means that a male pharmaceutical operations excellence manager earns approximately 8% more than a female pharmaceutical operations excellence manager for performing the same job.

Average Salary by Gender Chart in Guyana

Male
4,282,500 GYD
Female -8%
3,970,700 GYD

Pharmaceutical Operations Excellence 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 Pharmaceutical Operations Excellence Manager in Guyana is around 8% every 30 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 = ( 8 ÷ 30 ) × 12  = 3%

What this means is that a Pharmaceutical Operations Excellence Manager in Guyana can expect to receive an average pay raise of around 3% 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%

Pharmaceutical Operations Excellence 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 Pharmaceutical Operations Excellence Manager is a moderate bonus based job, with 65% of employees reporting at least one bonus in the last 12 months.

35% 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
65%
No Bonus
35%

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 Pharmaceutical Operations Excellence Manager

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

Job Title Category Salary
Assistant Pharmacist Pharmaceutical and Biotechnology 1,621,400 GYD
Assistant Pharmacy Director Pharmaceutical and Biotechnology 3,094,100 GYD
Associate Medical Affairs Director Pharmaceutical and Biotechnology 4,162,800 GYD
Bioinformatics Scientist Pharmaceutical and Biotechnology 3,946,200 GYD
Bioinformatics Technician Pharmaceutical and Biotechnology 1,811,000 GYD
Biological Scientist Pharmaceutical and Biotechnology 4,187,600 GYD
Biological Technician Pharmaceutical and Biotechnology 1,788,300 GYD
Biomedical Engineer Pharmaceutical and Biotechnology 1,655,500 GYD
Biomedical Engineering Director Pharmaceutical and Biotechnology 3,192,300 GYD
Biostatistician Pharmaceutical and Biotechnology 2,566,100 GYD
Biotechnologist Pharmaceutical and Biotechnology 2,543,000 GYD
Biotechnology Lead Data Manager Pharmaceutical and Biotechnology 2,026,800 GYD
Chemical Process Technician Pharmaceutical and Biotechnology 1,930,500 GYD
Clinical Consultant Pharmaceutical and Biotechnology 2,617,900 GYD
Clinical Data Manager Pharmaceutical and Biotechnology 2,485,800 GYD
Clinical Data Specialist Pharmaceutical and Biotechnology 2,495,600 GYD
Clinical Informatics Specialist Pharmaceutical and Biotechnology 1,990,300 GYD
Clinical Operations Manager Pharmaceutical and Biotechnology 3,635,200 GYD
Clinical Pharmacist Pharmaceutical and Biotechnology 2,653,700 GYD
Clinical Pharmacy Specialist Pharmaceutical and Biotechnology 2,987,000 GYD
Clinical Programmer Pharmaceutical and Biotechnology 1,283,600 GYD
Clinical Project Manager Pharmaceutical and Biotechnology 2,495,600 GYD
Clinical Research Associate Pharmaceutical and Biotechnology 2,339,200 GYD
Clinical Research Manager Pharmaceutical and Biotechnology 3,503,800 GYD
Clinical Study Manager Pharmaceutical and Biotechnology 3,349,100 GYD
Compliance Specialist Pharmaceutical and Biotechnology 2,566,100 GYD
Cytology Laboratory Technologist Pharmaceutical and Biotechnology 2,003,200 GYD
Cytotechnologist Pharmaceutical and Biotechnology 2,197,700 GYD
GCP Auditor Pharmaceutical and Biotechnology 2,173,000 GYD
Hospital Pharmacy Technician Pharmaceutical and Biotechnology 2,015,600 GYD
Manufacturing Engineer Pharmaceutical and Biotechnology 2,207,600 GYD
Medical Affairs Director Pharmaceutical and Biotechnology 4,116,600 GYD
Medical Representative Pharmaceutical and Biotechnology 1,741,800 GYD
Medical Science Liaison Pharmaceutical and Biotechnology 2,928,100 GYD
Molecular and Cellular Biologist Pharmaceutical and Biotechnology 4,129,300 GYD
Nuclear Pharmacist Pharmaceutical and Biotechnology 2,688,800 GYD
Pharmaceutical Manager Pharmaceutical and Biotechnology 4,380,400 GYD
Pharmaceutical Manufacturing Lead Pharmaceutical and Biotechnology 4,943,500 GYD
Pharmaceutical Process Engineer Pharmaceutical and Biotechnology 2,460,900 GYD
Pharmaceutical Production Assistant Manager Pharmaceutical and Biotechnology 2,893,600 GYD
Pharmaceutical Project Manager Pharmaceutical and Biotechnology 2,831,100 GYD
Pharmaceutical Quality Auditor Pharmaceutical and Biotechnology 2,854,700 GYD
Pharmaceutical Regulatory Affairs Assistant Pharmaceutical and Biotechnology 2,026,800 GYD
Pharmaceutical Regulatory Affairs Manager Pharmaceutical and Biotechnology 3,035,200 GYD
Pharmaceutical Regulatory Affairs Specialist Pharmaceutical and Biotechnology 2,327,100 GYD
Pharmaceutical Representative Pharmaceutical and Biotechnology 1,678,300 GYD
Pharmaceutical Research Associate Pharmaceutical and Biotechnology 2,543,000 GYD
Pharmaceutical Research Scientist Pharmaceutical and Biotechnology 3,959,700 GYD
Pharmaceutical Researcher Pharmaceutical and Biotechnology 3,817,500 GYD
Pharmaceutical Sales and Marketing Manager Pharmaceutical and Biotechnology 3,035,200 GYD
Pharmaceutical Sales Manager Pharmaceutical and Biotechnology 3,755,300 GYD
Pharmaceutical Sales Representative Pharmaceutical and Biotechnology 1,751,700 GYD
Pharmaceutical Supply Chain Manager Pharmaceutical and Biotechnology 4,019,900 GYD
Pharmaceutical Team Leader Pharmaceutical and Biotechnology 2,868,600 GYD
Pharmaceutical Technologist Pharmaceutical and Biotechnology 1,882,700 GYD
Pharmacist Pharmaceutical and Biotechnology 2,543,000 GYD
Pharmacy Aide Pharmaceutical and Biotechnology 1,621,400 GYD
Pharmacy Manager Pharmaceutical and Biotechnology 3,577,600 GYD
Pharmacy Stock Controller Pharmaceutical and Biotechnology 1,594,500 GYD
Pharmacy Technician Pharmaceutical and Biotechnology 1,560,800 GYD
Records Management Coordinator Pharmaceutical and Biotechnology 1,440,700 GYD
Shift Encapsulator Pharmaceutical and Biotechnology 1,524,300 GYD
Staff Pharmacist Pharmaceutical and Biotechnology 2,519,500 GYD

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