Average Policy Change Director Salary in Bolivia for 2024

In this article, we will look at the average Policy Change Director salary for 2024 in Bolivia 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 Bolivian boliviano. To keep things simple, we are using the BOB currency code instead of the currency symbol Bs..

How Much Does a Policy Change Director Make in Bolivia?

A Policy Change Director working in Bolivia will typically earn around 159,100 BOB per year, and this can range from the lowest average salary of about 77,620 BOB to the highest average salary of 251,500 BOB.

Average Annual Salary

159,100 BOB

Average Monthly Salary

13,258 BOB

Lowest Annual Salary

77,620 BOB

Lowest Monthly Salary

6,468 BOB

Highest Annual Salary

251,500 BOB

Highest Monthly Salary

20,958 BOB

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

Policy Change Director 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 Policy Change Director Salaries in Bolivia

So we've looked at the average salaries a Policy Change Director will earn in Bolivia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Policy Change Director can earn between 77,620 BOB and 251,500 BOB on average in Bolivia. 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 Policy Change Director in Bolivia is 164,200 BOB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 164,200 BOB, and 50% of the population earn more than 164,200 BOB.

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 Policy Change Director salary in Bolivia, 25% of the population are earning less than 106,820 BOB while 75% of the population earn more than 106,820 BOB.

75% of the population earn less than 215,100 BOB, and 25% of the population earn more than 215,100 BOB.

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.

Policy Change Director Salary by Experience Level in Bolivia

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 policy change director 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 Policy Change Director in Bolivia that has less than two years of experience can expect to earn somewhere in the region of 88,480 BOB.
2 - 5 Years Experience. With two to five years of experience the average Policy Change Director salary would increase to 127,700 BOB.
5 - 10 Years Experience. From five to ten years of experience as a Policy Change Director, the average salary would be 168,100 BOB.
10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 205,700 BOB.
15 - 20 Years Experience. A Policy Change Director with 15 to 20 years of experience can earn an average of 216,800 BOB.
20+ Years Experience. For a Policy Change Director with more than 20 years, the expected average salary increases to 238,900 BOB.

Average Salary by Experience Chart

0-2 Years		88,480 BOB
2-5 Years	+42%	127,700 BOB
5-10 Years	+31%	168,100 BOB
10-15 Years	+23%	205,700 BOB
15-20 Years	+6%	216,800 BOB
20+ Years	+10%	238,900 BOB

Policy Change Director Salary by Education Level in Bolivia

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 Policy Change Director in Bolivia 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 Policy Change Director in Bolivia with a bachelor's degree education can earn an average salary of 138,800 BOB.
Master's Degree. A Policy Change Director in Bolivia with a master's degree education can earn an average salary of 200,000 BOB.

Average Salary by Education Chart

Bachelor's Degree		138,800 BOB
Master's Degree	+43%	200,000 BOB

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 Bolivia is around 42,600 to 128,000 BOB 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.

Policy Change Director 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 Bolivia, a male policy change director will earn an average of 163,800 BOB, while a female policy change director will earn around 154,700 BOB.

This means that a male policy change director earns approximately 6% more than a female policy change director for performing the same job.

Average Salary by Gender Chart in Bolivia

Male		163,800 BOB
Female	-6%	154,700 BOB

Policy Change Director Average Pay Raise in Bolivia

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 Policy Change Director in Bolivia is around 9% every 29 months.

The national average pay raise across all professions and industries in Bolivia 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 ÷ 29 ) × 12  = 4%

What this means is that a Policy Change Director in Bolivia can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Bolivia for 2024

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

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

Banking		8%
Energy		7%
Information Technology		6%
Healthcare		5%
Travel		4%
Construction		3%
Education		2%

Policy Change Director Bonus and Incentive Rates in Bolivia

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 Policy Change Director 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 3% to 6%.

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 Bolivia earn approximately 17% more than private sector employees in the same role.

Public Sector		112,280 BOB
Private Sector	-17%	96,160 BOB

Salaries for Jobs Similar to a Policy Change Director

In the table below, we have salary information for jobs that are similar to a Policy Change Director in Bolivia.

Job Title	Category	Salary
Actuarial Analyst	Insurance	146,200 BOB
Actuarial Assistant	Insurance	96,540 BOB
Actuarial Specialist	Insurance	97,880 BOB
Actuary	Insurance	139,100 BOB
Adjustment Insurance Clerk	Insurance	40,560 BOB
Assistant Broker	Insurance	66,180 BOB
Assistant Claims Manager	Insurance	108,300 BOB
Associate Insurance Representative	Insurance	50,180 BOB
Auditing Insurance Manager	Insurance	161,300 BOB
Broker	Insurance	108,120 BOB
Claim Advocacy Professional	Insurance	105,940 BOB
Claims Adjuster	Insurance	39,160 BOB
Claims Analyst	Insurance	52,300 BOB
Claims Examiner	Insurance	55,020 BOB
Claims Manager	Insurance	152,300 BOB
Claims Processor	Insurance	37,380 BOB
Claims Representative	Insurance	43,760 BOB
Claims Resolution Specialist	Insurance	115,940 BOB
Claims Supervisor	Insurance	104,600 BOB
Complaints Specialist	Insurance	98,540 BOB
Compliance Examiner	Insurance	92,680 BOB
Compliance Officer	Insurance	82,720 BOB
Compliance Reviewer	Insurance	94,400 BOB
Consultant	Insurance	97,300 BOB
Eligibility Interviewer	Insurance	112,600 BOB
Eligibility Specialist	Insurance	106,360 BOB
Insurance Account Manager	Insurance	130,400 BOB
Insurance Accounts Executive	Insurance	110,340 BOB
Insurance Adjuster	Insurance	98,820 BOB
Insurance Agent	Insurance	62,100 BOB
Insurance Analyst	Insurance	106,360 BOB
Insurance Appraiser	Insurance	107,580 BOB
Insurance Claims Clerk	Insurance	36,580 BOB
Insurance Examiner	Insurance	93,340 BOB
Insurance Investigator	Insurance	97,300 BOB
Insurance Manager	Insurance	175,900 BOB
Insurance Operations Manager	Insurance	183,700 BOB
Insurance Policy Processing Clerk	Insurance	41,980 BOB
Insurance Pricing Assistant	Insurance	86,740 BOB
Insurance Program Manager	Insurance	134,600 BOB
Insurance Project Manager	Insurance	127,700 BOB
Insurance Quality Assurance Agent	Insurance	92,680 BOB
Insurance Sales Agent	Insurance	57,820 BOB
Insurance Sales Director	Insurance	164,200 BOB
Insurance Sales Manager	Insurance	137,400 BOB
Insurance Sales Representative	Insurance	52,820 BOB
Insurance Team Leader	Insurance	115,520 BOB
Insurance Underwriter	Insurance	78,400 BOB
Loss Control Specialist	Insurance	102,460 BOB
Loss Prevention Investigator	Insurance	110,340 BOB
Loss Prevention Manager	Insurance	146,200 BOB
Loss Prevention Specialist	Insurance	108,080 BOB
Marine Underwriter	Insurance	78,500 BOB
Medical Auditor	Insurance	105,800 BOB
Monitoring and Performance Officer	Insurance	73,760 BOB
Payment Services Specialist	Insurance	107,580 BOB
Policy Change Supervisor	Insurance	113,280 BOB
Policy Change Technician	Insurance	51,340 BOB
Risk Analyst	Insurance	114,900 BOB
Risk Management Director	Insurance	204,700 BOB
Risk Management Supervisor	Insurance	136,100 BOB
Risk Manager	Insurance	187,500 BOB
Risk Modeling Manager	Insurance	192,000 BOB
Title Insurance Typist	Insurance	84,740 BOB
Training Manager	Insurance	119,560 BOB

Salary Comparison by City

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

City	Average Salary
Cochabamba	175,900 BOB
La Paz	180,500 BOB
Oruro	168,100 BOB
Potosi	143,200 BOB
Santa Cruz	180,500 BOB
Sucre	152,300 BOB

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