Average Pharmaceutical Regulatory Affairs Manager Salary in Nicaragua for 2024

In this article, we will look at the average Pharmaceutical Regulatory Affairs Manager 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 Pharmaceutical Regulatory Affairs Manager Make in Nicaragua?

A Pharmaceutical Regulatory Affairs Manager working in Nicaragua will typically earn around 322,600 NIO per year, and this can range from the lowest average salary of about 159,100 NIO to the highest average salary of 501,400 NIO.

Average Annual Salary
322,600 NIO
Average Monthly Salary
26,883 NIO

Lowest Annual Salary
159,100 NIO
Lowest Monthly Salary
13,258 NIO

Highest Annual Salary
501,400 NIO
Highest Monthly Salary
41,783 NIO

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

Pharmaceutical Regulatory Affairs 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 Regulatory Affairs Manager Salaries in Nicaragua

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

Salary ranges

We already know that a Pharmaceutical Regulatory Affairs Manager can earn between 159,100 NIO and 501,400 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 Pharmaceutical Regulatory Affairs Manager in Nicaragua is 327,300 NIO. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 327,300 NIO, and 50% of the population earn more than 327,300 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 Pharmaceutical Regulatory Affairs Manager salary in Nicaragua, 25% of the population are earning less than 221,500 NIO while 75% of the population earn more than 221,500 NIO.

75% of the population earn less than 424,900 NIO, and 25% of the population earn more than 424,900 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.

Pharmaceutical Regulatory Affairs Manager 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 pharmaceutical regulatory affairs 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 Regulatory Affairs Manager in Nicaragua that has less than two years of experience can expect to earn somewhere in the region of 187,300 NIO.
  • 2 - 5 Years Experience. With two to five years of experience the average Pharmaceutical Regulatory Affairs Manager salary would increase to 239,300 NIO.
  • 5 - 10 Years Experience. From five to ten years of experience as a Pharmaceutical Regulatory Affairs Manager, the average salary would be 332,500 NIO.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 412,000 NIO.
  • 15 - 20 Years Experience. A Pharmaceutical Regulatory Affairs Manager with 15 to 20 years of experience can earn an average of 440,200 NIO.
  • 20+ Years Experience. For a Pharmaceutical Regulatory Affairs Manager with more than 20 years, the expected average salary increases to 471,700 NIO.

Average Salary by Experience Chart

0-2 Years
187,300 NIO
2-5 Years +29%
239,300 NIO
5-10 Years +38%
332,500 NIO
10-15 Years +24%
412,000 NIO
15-20 Years +7%
440,200 NIO
20+ Years +7%
471,700 NIO

Pharmaceutical Regulatory Affairs Manager 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 Pharmaceutical Regulatory Affairs Manager in Nicaragua 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 Regulatory Affairs Manager in Nicaragua with a bachelor's degree education can earn an average salary of 233,600 NIO.

  • Master's Degree. A Pharmaceutical Regulatory Affairs Manager in Nicaragua with a master's degree education can earn an average salary of 376,800 NIO.

Average Salary by Education Chart

Bachelor's Degree
233,600 NIO
Master's Degree +60%
376,800 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.

Pharmaceutical Regulatory Affairs 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 Nicaragua, a male pharmaceutical regulatory affairs manager will earn an average of 335,100 NIO, while a female pharmaceutical regulatory affairs manager will earn around 307,400 NIO.

This means that a male pharmaceutical regulatory affairs manager earns approximately 9% more than a female pharmaceutical regulatory affairs manager for performing the same job.

Average Salary by Gender Chart in Nicaragua

Male
335,100 NIO
Female -9%
307,400 NIO

Pharmaceutical Regulatory Affairs Manager 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 Pharmaceutical Regulatory Affairs Manager in Nicaragua is around 8% every 29 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 = ( 8 ÷ 29 ) × 12  = 3%

What this means is that a Pharmaceutical Regulatory Affairs Manager in Nicaragua can expect to receive an average pay raise of around 3% 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%

Pharmaceutical Regulatory Affairs Manager 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 Pharmaceutical Regulatory Affairs Manager is a moderate bonus based job, with 64% of employees reporting at least one bonus in the last 12 months.

36% 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
64%
No Bonus
36%

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 Pharmaceutical Regulatory Affairs Manager

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

Job Title Category Salary
Assistant Pharmacist Pharmaceutical and Biotechnology 195,200 NIO
Assistant Pharmacy Director Pharmaceutical and Biotechnology 349,300 NIO
Associate Medical Affairs Director Pharmaceutical and Biotechnology 480,600 NIO
Bioinformatics Scientist Pharmaceutical and Biotechnology 417,200 NIO
Bioinformatics Technician Pharmaceutical and Biotechnology 205,700 NIO
Biological Scientist Pharmaceutical and Biotechnology 455,400 NIO
Biological Technician Pharmaceutical and Biotechnology 207,800 NIO
Biomedical Engineer Pharmaceutical and Biotechnology 197,600 NIO
Biomedical Engineering Director Pharmaceutical and Biotechnology 367,200 NIO
Biostatistician Pharmaceutical and Biotechnology 283,700 NIO
Biotechnologist Pharmaceutical and Biotechnology 305,600 NIO
Biotechnology Lead Data Manager Pharmaceutical and Biotechnology 221,500 NIO
Chemical Process Technician Pharmaceutical and Biotechnology 210,500 NIO
Clinical Consultant Pharmaceutical and Biotechnology 290,800 NIO
Clinical Data Manager Pharmaceutical and Biotechnology 294,300 NIO
Clinical Data Specialist Pharmaceutical and Biotechnology 257,700 NIO
Clinical Informatics Specialist Pharmaceutical and Biotechnology 232,400 NIO
Clinical Operations Manager Pharmaceutical and Biotechnology 417,100 NIO
Clinical Pharmacist Pharmaceutical and Biotechnology 292,000 NIO
Clinical Pharmacy Specialist Pharmaceutical and Biotechnology 353,600 NIO
Clinical Programmer Pharmaceutical and Biotechnology 152,000 NIO
Clinical Project Manager Pharmaceutical and Biotechnology 257,700 NIO
Clinical Research Associate Pharmaceutical and Biotechnology 247,800 NIO
Clinical Research Manager Pharmaceutical and Biotechnology 430,000 NIO
Clinical Study Manager Pharmaceutical and Biotechnology 354,000 NIO
Compliance Specialist Pharmaceutical and Biotechnology 314,500 NIO
Cytology Laboratory Technologist Pharmaceutical and Biotechnology 239,300 NIO
Cytotechnologist Pharmaceutical and Biotechnology 231,000 NIO
GCP Auditor Pharmaceutical and Biotechnology 263,200 NIO
Hospital Pharmacy Technician Pharmaceutical and Biotechnology 216,800 NIO
Manufacturing Engineer Pharmaceutical and Biotechnology 254,700 NIO
Medical Affairs Director Pharmaceutical and Biotechnology 466,900 NIO
Medical Representative Pharmaceutical and Biotechnology 204,700 NIO
Medical Science Liaison Pharmaceutical and Biotechnology 327,300 NIO
Molecular and Cellular Biologist Pharmaceutical and Biotechnology 480,600 NIO
Nuclear Pharmacist Pharmaceutical and Biotechnology 301,800 NIO
Pharmaceutical Manager Pharmaceutical and Biotechnology 491,000 NIO
Pharmaceutical Manufacturing Lead Pharmaceutical and Biotechnology 539,800 NIO
Pharmaceutical Operations Excellence Manager Pharmaceutical and Biotechnology 492,400 NIO
Pharmaceutical Process Engineer Pharmaceutical and Biotechnology 258,400 NIO
Pharmaceutical Production Assistant Manager Pharmaceutical and Biotechnology 327,300 NIO
Pharmaceutical Project Manager Pharmaceutical and Biotechnology 294,300 NIO
Pharmaceutical Quality Auditor Pharmaceutical and Biotechnology 325,600 NIO
Pharmaceutical Regulatory Affairs Assistant Pharmaceutical and Biotechnology 246,500 NIO
Pharmaceutical Regulatory Affairs Specialist Pharmaceutical and Biotechnology 265,000 NIO
Pharmaceutical Representative Pharmaceutical and Biotechnology 197,600 NIO
Pharmaceutical Research Associate Pharmaceutical and Biotechnology 305,600 NIO
Pharmaceutical Research Scientist Pharmaceutical and Biotechnology 451,000 NIO
Pharmaceutical Researcher Pharmaceutical and Biotechnology 431,100 NIO
Pharmaceutical Sales and Marketing Manager Pharmaceutical and Biotechnology 365,400 NIO
Pharmaceutical Sales Manager Pharmaceutical and Biotechnology 436,200 NIO
Pharmaceutical Sales Representative Pharmaceutical and Biotechnology 192,000 NIO
Pharmaceutical Supply Chain Manager Pharmaceutical and Biotechnology 467,700 NIO
Pharmaceutical Team Leader Pharmaceutical and Biotechnology 322,600 NIO
Pharmaceutical Technologist Pharmaceutical and Biotechnology 214,000 NIO
Pharmacist Pharmaceutical and Biotechnology 275,200 NIO
Pharmacy Aide Pharmaceutical and Biotechnology 192,600 NIO
Pharmacy Manager Pharmaceutical and Biotechnology 409,000 NIO
Pharmacy Stock Controller Pharmaceutical and Biotechnology 169,000 NIO
Pharmacy Technician Pharmaceutical and Biotechnology 174,000 NIO
Records Management Coordinator Pharmaceutical and Biotechnology 161,300 NIO
Shift Encapsulator Pharmaceutical and Biotechnology 172,200 NIO
Staff Pharmacist Pharmaceutical and Biotechnology 273,300 NIO

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Pharmaceutical Regulatory Affairs Manager Salary in Nicaragua for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-pharmaceutical-regulatory-affairs-manager-salary-in-nicaragua/.

  • "Average Pharmaceutical Regulatory Affairs Manager Salary in Nicaragua for 2024". World Salaries, https://worldsalaries.com/average-pharmaceutical-regulatory-affairs-manager-salary-in-nicaragua/. Accessed 28 March, 2024

  • Average Pharmaceutical Regulatory Affairs Manager Salary in Nicaragua for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-pharmaceutical-regulatory-affairs-manager-salary-in-nicaragua/.