Average Product Designer Salary in Guatemala for 2024

In this article, we will look at the average Product Designer 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 Product Designer Make in Guatemala?

A Product Designer working in Guatemala will typically earn around 72,180 GTQ per year, and this can range from the lowest average salary of about 34,240 GTQ to the highest average salary of 112,420 GTQ.

Average Annual Salary
72,180 GTQ
Average Monthly Salary
6,015 GTQ

Lowest Annual Salary
34,240 GTQ
Lowest Monthly Salary
2,853 GTQ

Highest Annual Salary
112,420 GTQ
Highest Monthly Salary
9,368 GTQ

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

Product Designer 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 Product Designer Salaries in Guatemala

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

Salary ranges

We already know that a Product Designer can earn between 34,240 GTQ and 112,420 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 Product Designer in Guatemala is 75,500 GTQ. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 75,500 GTQ, and 50% of the population earn more than 75,500 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 Product Designer salary in Guatemala, 25% of the population are earning less than 48,920 GTQ while 75% of the population earn more than 48,920 GTQ.

75% of the population earn less than 97,880 GTQ, and 25% of the population earn more than 97,880 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.

Product Designer 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 product designer 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 Product Designer in Guatemala that has less than two years of experience can expect to earn somewhere in the region of 38,680 GTQ.
  • 2 - 5 Years Experience. With two to five years of experience the average Product Designer salary would increase to 51,800 GTQ.
  • 5 - 10 Years Experience. From five to ten years of experience as a Product Designer, the average salary would be 74,940 GTQ.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 89,980 GTQ.
  • 15 - 20 Years Experience. A Product Designer with 15 to 20 years of experience can earn an average of 98,140 GTQ.
  • 20+ Years Experience. For a Product Designer with more than 20 years, the expected average salary increases to 103,580 GTQ.

Average Salary by Experience Chart

0-2 Years
38,680 GTQ
2-5 Years +38%
51,800 GTQ
5-10 Years +42%
74,940 GTQ
10-15 Years +22%
89,980 GTQ
15-20 Years +6%
98,140 GTQ
20+ Years +9%
103,580 GTQ

Product Designer 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 Product Designer 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 Product Designer in Guatemala with a high school education can earn an average salary of 45,600 GTQ.

  • Certificate or Diploma. A Product Designer in Guatemala with a certificate or diploma education can earn an average salary of 56,100 GTQ.

  • Bachelor's Degree. A Product Designer in Guatemala with a bachelor's degree education can earn an average salary of 80,480 GTQ.

  • Master's Degree. A Product Designer in Guatemala with a master's degree education can earn an average salary of 103,580 GTQ.

Average Salary by Education Chart

High School
45,600 GTQ
Certificate or Diploma +17%
56,100 GTQ
Bachelor's Degree +46%
80,480 GTQ
Master's Degree +31%
103,580 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.

Product Designer 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 product designer will earn an average of 74,940 GTQ, while a female product designer will earn around 66,680 GTQ.

This means that a male product designer earns approximately 12% more than a female product designer for performing the same job.

Average Salary by Gender Chart in Guatemala

Male
74,940 GTQ
Female -12%
66,680 GTQ

Product Designer 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 Product Designer in Guatemala is around 10% every 18 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 = ( 10 ÷ 18 ) × 12  = 7%

What this means is that a Product Designer in Guatemala can expect to receive an average pay raise of around 7% 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%

Product Designer 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 Product Designer is a moderate bonus based job, with 54% of employees reporting at least one bonus in the last 12 months.

46% 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 2% to 7%.

Received Bonus
54%
No Bonus
46%

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 Product Designer

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

Job Title Category Salary
3D Artist Media / Broadcasting / Arts / Entertainment 102,460 GTQ
3D Designer Media / Broadcasting / Arts / Entertainment 95,980 GTQ
3D Generalist Media / Broadcasting / Arts / Entertainment 84,880 GTQ
3D Visualization Specialist Media / Broadcasting / Arts / Entertainment 109,340 GTQ
Acrobatic Rigger Media / Broadcasting / Arts / Entertainment 72,780 GTQ
Actor Media / Broadcasting / Arts / Entertainment 138,800 GTQ
Art Administrator Media / Broadcasting / Arts / Entertainment 111,900 GTQ
Art Director Media / Broadcasting / Arts / Entertainment 139,100 GTQ
Art Lead Media / Broadcasting / Arts / Entertainment 137,400 GTQ
Associate Media Director Media / Broadcasting / Arts / Entertainment 125,700 GTQ
Associate Producer Media / Broadcasting / Arts / Entertainment 150,000 GTQ
Broadcast and Sound Engineer Media / Broadcasting / Arts / Entertainment 96,680 GTQ
Broadcast Associate Media / Broadcasting / Arts / Entertainment 78,400 GTQ
Broadcast News Analyst Media / Broadcasting / Arts / Entertainment 111,900 GTQ
Broadcast Technician Media / Broadcasting / Arts / Entertainment 64,300 GTQ
Broadcasting Journalist Media / Broadcasting / Arts / Entertainment 134,600 GTQ
Broadcasting Presenter Media / Broadcasting / Arts / Entertainment 138,200 GTQ
Camera Equipment Repairer Media / Broadcasting / Arts / Entertainment 75,040 GTQ
Camera Operator Media / Broadcasting / Arts / Entertainment 68,400 GTQ
Cartoonist / Animator Media / Broadcasting / Arts / Entertainment 109,000 GTQ
CAS Engineer Media / Broadcasting / Arts / Entertainment 119,900 GTQ
Censorship Executive Media / Broadcasting / Arts / Entertainment 125,100 GTQ
Choreographer Media / Broadcasting / Arts / Entertainment 93,780 GTQ
Colorist Media / Broadcasting / Arts / Entertainment 58,200 GTQ
Communications Manager Media / Broadcasting / Arts / Entertainment 164,200 GTQ
Correspondent Media / Broadcasting / Arts / Entertainment 118,800 GTQ
Dance Director Media / Broadcasting / Arts / Entertainment 106,760 GTQ
Dancer Media / Broadcasting / Arts / Entertainment 94,800 GTQ
Director of Photography Media / Broadcasting / Arts / Entertainment 118,200 GTQ
Disc Jockey Media / Broadcasting / Arts / Entertainment 73,800 GTQ
Editorial Assistant Media / Broadcasting / Arts / Entertainment 61,680 GTQ
Events Manager Media / Broadcasting / Arts / Entertainment 112,600 GTQ
Graphic Designer Media / Broadcasting / Arts / Entertainment 73,760 GTQ
Illustrator Media / Broadcasting / Arts / Entertainment 83,760 GTQ
Industrial Designer Media / Broadcasting / Arts / Entertainment 69,240 GTQ
Instructional Designer Media / Broadcasting / Arts / Entertainment 69,540 GTQ
Journalist Media / Broadcasting / Arts / Entertainment 128,500 GTQ
Makeup Artist Media / Broadcasting / Arts / Entertainment 78,420 GTQ
Media Design Manager Media / Broadcasting / Arts / Entertainment 194,600 GTQ
Media Equipment Operator Media / Broadcasting / Arts / Entertainment 63,500 GTQ
Media Operations Manager Media / Broadcasting / Arts / Entertainment 150,000 GTQ
Media Planner Media / Broadcasting / Arts / Entertainment 101,920 GTQ
Media Producer Media / Broadcasting / Arts / Entertainment 136,100 GTQ
Media Product Development Manager Media / Broadcasting / Arts / Entertainment 181,600 GTQ
Media Production Manager Media / Broadcasting / Arts / Entertainment 191,600 GTQ
Media Program Director Media / Broadcasting / Arts / Entertainment 212,500 GTQ
Media Relation Executive Media / Broadcasting / Arts / Entertainment 197,600 GTQ
Media Relations Manager Media / Broadcasting / Arts / Entertainment 197,600 GTQ
Media Sales Manager Media / Broadcasting / Arts / Entertainment 214,000 GTQ
Movement and Dance Coordinator Media / Broadcasting / Arts / Entertainment 106,980 GTQ
Multimedia Coordinator Media / Broadcasting / Arts / Entertainment 78,160 GTQ
Multimedia Designer Media / Broadcasting / Arts / Entertainment 73,820 GTQ
Music Consultant Media / Broadcasting / Arts / Entertainment 98,000 GTQ
Musician Media / Broadcasting / Arts / Entertainment 87,020 GTQ
News Associate Media / Broadcasting / Arts / Entertainment 97,900 GTQ
News Reporter Media / Broadcasting / Arts / Entertainment 128,900 GTQ
Post Production Assistant Media / Broadcasting / Arts / Entertainment 69,240 GTQ
Producer Media / Broadcasting / Arts / Entertainment 176,800 GTQ
Product Planner Media / Broadcasting / Arts / Entertainment 102,460 GTQ
Production Artist Media / Broadcasting / Arts / Entertainment 105,080 GTQ
Production Assistant Media / Broadcasting / Arts / Entertainment 66,180 GTQ
Production Director Media / Broadcasting / Arts / Entertainment 152,300 GTQ
Production Technician Media / Broadcasting / Arts / Entertainment 62,460 GTQ
Program Researcher Media / Broadcasting / Arts / Entertainment 123,400 GTQ
Promotion Coordinator Media / Broadcasting / Arts / Entertainment 86,640 GTQ
Sound Engineer Media / Broadcasting / Arts / Entertainment 99,340 GTQ
Sound Engineering Technician Media / Broadcasting / Arts / Entertainment 58,240 GTQ
Stage Technician Media / Broadcasting / Arts / Entertainment 57,440 GTQ
Sub Editor Media / Broadcasting / Arts / Entertainment 66,120 GTQ
Television Executive Producer Media / Broadcasting / Arts / Entertainment 217,900 GTQ
Transmission Engineer Media / Broadcasting / Arts / Entertainment 98,960 GTQ
Video Editor Media / Broadcasting / Arts / Entertainment 80,020 GTQ
Video Producer Media / Broadcasting / Arts / Entertainment 112,280 GTQ
Videographer Media / Broadcasting / Arts / Entertainment 101,960 GTQ
Visual Designer Media / Broadcasting / Arts / Entertainment 103,260 GTQ

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  • "Average Product Designer Salary in Guatemala for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-product-designer-salary-in-guatemala/.

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