Average Procurement Analyst Salary in Guatemala for 2024

In this article, we will look at the average Procurement Analyst salary for 2024 in Guatemala 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 Guatemalan quetzal. To keep things simple, we are using the GTQ currency code instead of the currency symbol Q.

How Much Does a Procurement Analyst Make in Guatemala?

A Procurement Analyst working in Guatemala will typically earn around 128,500 GTQ per year, and this can range from the lowest average salary of about 68,320 GTQ to the highest average salary of 196,800 GTQ.

Average Annual Salary
128,500 GTQ
Average Monthly Salary
10,708 GTQ

Lowest Annual Salary
68,320 GTQ
Lowest Monthly Salary
5,693 GTQ

Highest Annual Salary
196,800 GTQ
Highest Monthly Salary
16,400 GTQ

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

Procurement Analyst 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 Procurement Analyst Salaries in Guatemala

So we've looked at the average salaries a Procurement Analyst will earn in Guatemala. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Procurement Analyst can earn between 68,320 GTQ and 196,800 GTQ on average in Guatemala. 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 Procurement Analyst in Guatemala is 119,020 GTQ. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 119,020 GTQ, and 50% of the population earn more than 119,020 GTQ.

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 Procurement Analyst salary in Guatemala, 25% of the population are earning less than 83,640 GTQ while 75% of the population earn more than 83,640 GTQ.

75% of the population earn less than 142,300 GTQ, and 25% of the population earn more than 142,300 GTQ.

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.

Procurement Analyst Salary by Experience Level in Guatemala

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 procurement analyst 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 Procurement Analyst in Guatemala that has less than two years of experience can expect to earn somewhere in the region of 79,500 GTQ.
  • 2 - 5 Years Experience. With two to five years of experience the average Procurement Analyst salary would increase to 101,860 GTQ.
  • 5 - 10 Years Experience. From five to ten years of experience as a Procurement Analyst, the average salary would be 136,100 GTQ.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 159,100 GTQ.
  • 15 - 20 Years Experience. A Procurement Analyst with 15 to 20 years of experience can earn an average of 174,000 GTQ.
  • 20+ Years Experience. For a Procurement Analyst with more than 20 years, the expected average salary increases to 187,300 GTQ.

Average Salary by Experience Chart

0-2 Years
79,500 GTQ
2-5 Years +26%
101,860 GTQ
5-10 Years +32%
136,100 GTQ
10-15 Years +18%
159,100 GTQ
15-20 Years +11%
174,000 GTQ
20+ Years +6%
187,300 GTQ

Procurement Analyst Salary by Education Level in Guatemala

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 Procurement Analyst in Guatemala 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 Procurement Analyst in Guatemala with a high school education can earn an average salary of 99,340 GTQ.

  • Certificate or Diploma. A Procurement Analyst in Guatemala with a certificate or diploma education can earn an average salary of 111,920 GTQ.

  • Bachelor's Degree. A Procurement Analyst in Guatemala with a bachelor's degree education can earn an average salary of 148,300 GTQ.

  • Master's Degree. A Procurement Analyst in Guatemala with a master's degree education can earn an average salary of 181,600 GTQ.

Average Salary by Education Chart

High School
99,340 GTQ
Certificate or Diploma +13%
111,920 GTQ
Bachelor's Degree +32%
148,300 GTQ
Master's Degree +24%
181,600 GTQ

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 Guatemala is around 52,400 to 157,000 GTQ 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.

Procurement Analyst 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 Guatemala, a male procurement analyst will earn an average of 134,600 GTQ, while a female procurement analyst will earn around 125,100 GTQ.

This means that a male procurement analyst earns approximately 8% more than a female procurement analyst for performing the same job.

Average Salary by Gender Chart in Guatemala

Male
134,600 GTQ
Female -8%
125,100 GTQ

Procurement Analyst Average Pay Raise in Guatemala

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 Procurement Analyst in Guatemala is around 9% every 21 months.

The national average pay raise across all professions and industries in Guatemala 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 = ( 9 ÷ 21 ) × 12  = 5%

What this means is that a Procurement Analyst in Guatemala can expect to receive an average pay raise of around 5% every 12 months.

Annual Pay Raise by Industry in Guatemala for 2024

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

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%

Procurement Analyst Bonus and Incentive Rates in Guatemala

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 Procurement Analyst is a low bonus based job, with 48% of employees reporting at least one bonus in the last 12 months.

52% 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 4% to 5%.

Received Bonus
48%
No Bonus
52%

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 Guatemala earn approximately 12% more than private sector employees in the same role.

Public Sector
134,600 GTQ
Private Sector -12%
119,700 GTQ

Salaries for Jobs Similar to a Procurement Analyst

In the table below, we have salary information for jobs that are similar to a Procurement Analyst in Guatemala.

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 99,220 GTQ
Asset Protection Associate Purchasing and Inventory 102,460 GTQ
Asset Protection Specialist Purchasing and Inventory 116,380 GTQ
Assistant Buyer Purchasing and Inventory 93,220 GTQ
Buyer Purchasing and Inventory 161,300 GTQ
Capacity Planner Purchasing and Inventory 116,540 GTQ
Category Leader Purchasing and Inventory 114,940 GTQ
Category Management Specialist Purchasing and Inventory 113,740 GTQ
Category Manager Purchasing and Inventory 128,500 GTQ
Channel Services Representative Purchasing and Inventory 115,380 GTQ
Contracts Manager Purchasing and Inventory 127,700 GTQ
Contracts Specialist Purchasing and Inventory 104,060 GTQ
Demand Planner Purchasing and Inventory 115,940 GTQ
Demand Planning Manager Purchasing and Inventory 142,300 GTQ
Distribution Assistant Purchasing and Inventory 97,840 GTQ
Distribution Associate Purchasing and Inventory 99,340 GTQ
Distribution Manager Purchasing and Inventory 197,600 GTQ
Inventory Analyst Purchasing and Inventory 102,380 GTQ
Inventory Control Clerk Purchasing and Inventory 55,220 GTQ
Inventory Control Manager Purchasing and Inventory 151,800 GTQ
Inventory Management Associate Purchasing and Inventory 106,500 GTQ
Inventory Specialist Purchasing and Inventory 102,380 GTQ
Logistics Engineer Purchasing and Inventory 94,380 GTQ
Master Planner Purchasing and Inventory 107,820 GTQ
Material Handler Purchasing and Inventory 67,560 GTQ
Material Planning Specialist Purchasing and Inventory 92,900 GTQ
Merchandise Manager Purchasing and Inventory 120,880 GTQ
Procurement Administrator Purchasing and Inventory 124,400 GTQ
Procurement Agent Purchasing and Inventory 80,020 GTQ
Procurement Assistant Purchasing and Inventory 85,460 GTQ
Procurement Associate Purchasing and Inventory 109,740 GTQ
Procurement Clerk Purchasing and Inventory 49,300 GTQ
Procurement Engineer Purchasing and Inventory 105,620 GTQ
Procurement Manager Purchasing and Inventory 212,500 GTQ
Procurement Officer Purchasing and Inventory 51,080 GTQ
Procurement Process Analyst Purchasing and Inventory 123,400 GTQ
Procurement Specialist Purchasing and Inventory 94,380 GTQ
Production Planner Purchasing and Inventory 123,400 GTQ
Project Buyer Purchasing and Inventory 139,100 GTQ
Purchaser Purchasing and Inventory 161,300 GTQ
Purchasing Agent Purchasing and Inventory 93,120 GTQ
Purchasing Assistant Purchasing and Inventory 60,400 GTQ
Purchasing Manager Purchasing and Inventory 221,500 GTQ
Purchasing Officer Purchasing and Inventory 94,400 GTQ
Purchasing Supervisor Purchasing and Inventory 139,100 GTQ
Shipping and Receiving Clerk Purchasing and Inventory 50,620 GTQ
Shipping Coordinator Purchasing and Inventory 108,120 GTQ
Stock Clerk Purchasing and Inventory 57,620 GTQ
Stock Regulator Purchasing and Inventory 60,880 GTQ
Storage Manager Purchasing and Inventory 136,200 GTQ
Store Keeper Purchasing and Inventory 52,300 GTQ
Stores and Logistics Coordinator Purchasing and Inventory 112,460 GTQ
Supply Chain Analyst Purchasing and Inventory 151,800 GTQ
Supply Chain Coordinator Purchasing and Inventory 112,280 GTQ
Supply Chain Development Manager Purchasing and Inventory 197,600 GTQ
Supply Chain Director Purchasing and Inventory 225,700 GTQ
Supply Chain Manager Purchasing and Inventory 212,500 GTQ
Supply Planner Purchasing and Inventory 109,000 GTQ
Warehouse Assistant Purchasing and Inventory 45,060 GTQ
Warehouse Clerk Purchasing and Inventory 46,400 GTQ
Warehouse Executive Purchasing and Inventory 180,500 GTQ
Warehouse Lead Purchasing and Inventory 119,860 GTQ
Warehouse Manager Purchasing and Inventory 192,600 GTQ
Warehouse Supervisor Purchasing and Inventory 136,200 GTQ
Wholesale Buyer Purchasing and Inventory 169,000 GTQ

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 Procurement Analyst Salary in Guatemala for 2024". World Salaries. Accessed on March 29, 2024. https://worldsalaries.com/average-procurement-analyst-salary-in-guatemala/.

  • "Average Procurement Analyst Salary in Guatemala for 2024". World Salaries, https://worldsalaries.com/average-procurement-analyst-salary-in-guatemala/. Accessed 29 March, 2024

  • Average Procurement Analyst Salary in Guatemala for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-procurement-analyst-salary-in-guatemala/.