Average Professor - Psychology Salary in Honduras for 2024

In this article, we will look at the average Professor - Psychology salary for 2024 in Honduras 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 Honduran lempira. To keep things simple, we are using the HNL currency code instead of the currency symbol L.

How Much Does a Professor - Psychology Make in Honduras?

A Professor - Psychology working in Honduras will typically earn around 467,700 HNL per year, and this can range from the lowest average salary of about 231,000 HNL to the highest average salary of 731,700 HNL.

Average Annual Salary
467,700 HNL
Average Monthly Salary
38,975 HNL

Lowest Annual Salary
231,000 HNL
Lowest Monthly Salary
19,250 HNL

Highest Annual Salary
731,700 HNL
Highest Monthly Salary
60,975 HNL

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

Professor - Psychology 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 Professor - Psychology Salaries in Honduras

So we've looked at the average salaries a Professor - Psychology will earn in Honduras. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Professor - Psychology can earn between 231,000 HNL and 731,700 HNL on average in Honduras. 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 Professor - Psychology in Honduras is 478,000 HNL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 478,000 HNL, and 50% of the population earn more than 478,000 HNL.

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 Professor - Psychology salary in Honduras, 25% of the population are earning less than 317,700 HNL while 75% of the population earn more than 317,700 HNL.

75% of the population earn less than 615,300 HNL, and 25% of the population earn more than 615,300 HNL.

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.

Professor - Psychology Salary by Experience Level in Honduras

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 professor - psychology 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 Professor - Psychology in Honduras that has less than two years of experience can expect to earn somewhere in the region of 273,300 HNL.
  • 2 - 5 Years Experience. With two to five years of experience the average Professor - Psychology salary would increase to 352,000 HNL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Professor - Psychology, the average salary would be 483,800 HNL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 597,800 HNL.
  • 15 - 20 Years Experience. A Professor - Psychology with 15 to 20 years of experience can earn an average of 643,400 HNL.
  • 20+ Years Experience. For a Professor - Psychology with more than 20 years, the expected average salary increases to 684,900 HNL.

Average Salary by Experience Chart

0-2 Years
273,300 HNL
2-5 Years +29%
352,000 HNL
5-10 Years +38%
483,800 HNL
10-15 Years +24%
597,800 HNL
15-20 Years +7%
643,400 HNL
20+ Years +7%
684,900 HNL

Professor - Psychology Salary by Education Level in Honduras

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 Professor - Psychology in Honduras based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Master's Degree. A Professor - Psychology in Honduras with a master's degree education can earn an average salary of 294,700 HNL.

  • PhD. A Professor - Psychology in Honduras with a phd education can earn an average salary of 545,300 HNL.

Average Salary by Education Chart

Master's Degree
294,700 HNL
PhD +85%
545,300 HNL

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 Honduras is around 141,000 to 422,000 HNL 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.

Professor - Psychology 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 Honduras, a male professor - psychology will earn an average of 485,200 HNL, while a female professor - psychology will earn around 445,100 HNL.

This means that a male professor - psychology earns approximately 9% more than a female professor - psychology for performing the same job.

Average Salary by Gender Chart in Honduras

Male
485,200 HNL
Female -9%
445,100 HNL

Professor - Psychology Average Pay Raise in Honduras

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 Professor - Psychology in Honduras is around 8% every 30 months.

The national average pay raise across all professions and industries in Honduras 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 ÷ 30 ) × 12  = 3%

What this means is that a Professor - Psychology in Honduras can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Honduras for 2024

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

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

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Professor - Psychology Bonus and Incentive Rates in Honduras

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 Professor - Psychology is a low bonus based job, with 39% of employees reporting at least one bonus in the last 12 months.

61% 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
39%
No Bonus
61%

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 Honduras earn approximately 13% more than private sector employees in the same role.

Public Sector
353,600 HNL
Private Sector -13%
312,400 HNL

Salaries for Jobs Similar to a Professor - Psychology

In the table below, we have salary information for jobs that are similar to a Professor - Psychology in Honduras.

Job Title Category Salary
Academic Advisor Teaching / Education 335,100 HNL
Academic Assistant Teaching / Education 233,900 HNL
Academic Coach Teaching / Education 320,500 HNL
Academic Librarian Teaching / Education 233,600 HNL
Academic Manager Teaching / Education 371,100 HNL
Academic Specialist Teaching / Education 308,300 HNL
Academic Staff Teaching / Education 266,000 HNL
Accompanist Teaching / Education 267,100 HNL
Achievement Coach Teaching / Education 348,300 HNL
Admissions Specialist Teaching / Education 292,000 HNL
Agricultural Sciences Teacher Teaching / Education 272,800 HNL
Anthropology Teacher Teaching / Education 268,900 HNL
Arabic Language Teacher Teaching / Education 261,300 HNL
Archeology Teacher Teaching / Education 268,900 HNL
Architecture Teacher Teaching / Education 292,000 HNL
Archivist Teaching / Education 232,900 HNL
Art Teacher Teaching / Education 240,500 HNL
Assistant School Principal Teaching / Education 339,100 HNL
Assistant Teacher Teaching / Education 218,900 HNL
Biochemistry Professor Teaching / Education 450,300 HNL
Biology Teacher Teaching / Education 263,100 HNL
Bursary Scheme Manager Teaching / Education 299,500 HNL
Business Teacher Teaching / Education 283,700 HNL
Careers Advisor Teaching / Education 341,900 HNL
Careers Consultant Teaching / Education 317,700 HNL
Chemistry Teacher Teaching / Education 251,500 HNL
Child Care Coordinator Teaching / Education 258,400 HNL
Child Care Worker Teaching / Education 207,800 HNL
Childcare Worker Teaching / Education 214,000 HNL
Classroom Assistant Teaching / Education 209,500 HNL
Clinical School Psychologist Teaching / Education 390,000 HNL
College Aide Teaching / Education 327,300 HNL
College and Career Readiness Specialist Teaching / Education 345,700 HNL
College Dean Teaching / Education 606,400 HNL
College President Teaching / Education 592,200 HNL
Communications Teacher Teaching / Education 263,200 HNL
Community Education Officer Teaching / Education 218,900 HNL
Computer Science Teacher Teaching / Education 263,100 HNL
Computer Teacher Teaching / Education 267,100 HNL
Creative Writing Trainer Teaching / Education 315,900 HNL
Credit Counselor Teaching / Education 340,000 HNL
Cultural Studies Teacher Teaching / Education 263,100 HNL
Curriculum Coordinator Teaching / Education 301,300 HNL
Curriculum Developer Teaching / Education 354,000 HNL
Curriculum Specialist Teaching / Education 344,600 HNL
Dean of Faculty Teaching / Education 605,700 HNL
Demonstrator Teaching / Education 239,000 HNL
Deputy Controller of Examinations Teaching / Education 307,400 HNL
Director of Learning Technology Teaching / Education 353,600 HNL
Distance Learning Coordinator Teaching / Education 292,000 HNL
Economics Lecturer Teaching / Education 472,100 HNL
Economics Teacher Teaching / Education 275,200 HNL
Education Administrator Teaching / Education 305,600 HNL
Education Assistant Teaching / Education 243,000 HNL
Education Assistant Director Teaching / Education 340,000 HNL
Education Assistant Librarian Teaching / Education 207,700 HNL
Education Assistant Principal Teaching / Education 282,300 HNL
Education Assistant Professor Teaching / Education 377,200 HNL
Education Associate Teaching / Education 273,300 HNL
Education Consultant Teaching / Education 340,400 HNL
Education Consultant Teaching / Education 382,600 HNL
Education Coordinator Teaching / Education 286,400 HNL
Education Counselor Teaching / Education 313,700 HNL
Education Director Teaching / Education 475,700 HNL
Education Program Specialist Teaching / Education 353,600 HNL
Education Researcher Teaching / Education 398,300 HNL
Education Resource Specialist Teaching / Education 301,600 HNL
Education Services Facilitator Teaching / Education 315,900 HNL
Educational Psychologist Teaching / Education 428,400 HNL
EFL Teacher Teaching / Education 273,300 HNL
eLearning Trainer Teaching / Education 237,400 HNL
Elementary School Teacher Teaching / Education 218,900 HNL
Engineering Lecturer Teaching / Education 442,200 HNL
Engineering Teacher Teaching / Education 357,700 HNL
English Teacher Teaching / Education 239,000 HNL
ESL Teacher Teaching / Education 267,100 HNL
Faculty Assistant Teaching / Education 332,500 HNL
Foreign Language Teacher Teaching / Education 246,500 HNL
GED Teacher Teaching / Education 247,800 HNL
Geography Teacher Teaching / Education 266,000 HNL
Head of Mathematics Department Teaching / Education 349,300 HNL
Head of School Teaching / Education 457,300 HNL
High School Teacher Teaching / Education 282,500 HNL
History Teacher Teaching / Education 281,500 HNL
Infant Teacher Teaching / Education 197,600 HNL
Instructional Assistant Teaching / Education 268,900 HNL
Instructor Teaching / Education 309,800 HNL
Kindergarten Teacher Teaching / Education 204,000 HNL
Language Instructor For Expatriate Teaching / Education 228,500 HNL
Law Teacher Teaching / Education 384,500 HNL
Learning Designer Teaching / Education 315,900 HNL
Lecturer Teaching / Education 462,300 HNL
Librarian Teaching / Education 228,500 HNL
Library Assistant Teaching / Education 176,800 HNL
Library Director Teaching / Education 297,000 HNL
Library Specialist Teaching / Education 232,900 HNL
Library Technician Teaching / Education 204,700 HNL
Life Sciences Teacher Teaching / Education 254,800 HNL
Math Lecturer Teaching / Education 467,100 HNL
Math Teacher Teaching / Education 301,800 HNL
Mathematics Teacher Teaching / Education 301,800 HNL
Mentor Teaching / Education 282,300 HNL
Middle School Teacher Teaching / Education 267,100 HNL
Music Teacher Teaching / Education 257,700 HNL
Nursery Manager Teaching / Education 378,800 HNL
Nursery Worker Teaching / Education 157,600 HNL
Paraprofessional Teaching / Education 367,200 HNL
Physical Education Specialist Teaching / Education 288,700 HNL
Physical Education Teacher Teaching / Education 246,500 HNL
Physics Teacher Teaching / Education 267,100 HNL
Political Science Teacher Teaching / Education 275,200 HNL
Post Doctoral Researcher Teaching / Education 417,100 HNL
Preschool Education Administrator Teaching / Education 314,500 HNL
Preschool Teacher Teaching / Education 214,000 HNL
Primary School Teacher Teaching / Education 239,300 HNL
Principal Teaching / Education 367,200 HNL
Product Specialist Teaching / Education 283,700 HNL
Professor - Accounting Teaching / Education 492,400 HNL
Professor - Architecture Teaching / Education 498,000 HNL
Professor - Biology Teaching / Education 480,600 HNL
Professor - Business Administration Teaching / Education 466,900 HNL
Professor - Chemical Engineering Teaching / Education 510,000 HNL
Professor - Chemistry Teaching / Education 498,000 HNL
Professor - Civil Engineering Teaching / Education 460,500 HNL
Professor - Communication Teaching / Education 455,400 HNL
Professor - Computer Science Teaching / Education 476,600 HNL
Professor - Dentistry Teaching / Education 496,100 HNL
Professor - Drama Teaching / Education 454,300 HNL
Professor - Economics Teaching / Education 487,600 HNL
Professor - Education Teaching / Education 476,600 HNL
Professor - Electrical Engineering Teaching / Education 492,700 HNL
Professor - English Teaching / Education 447,300 HNL
Professor - Environmental Engineering Teaching / Education 475,700 HNL
Professor - Foreign Languages Teaching / Education 437,900 HNL
Professor - Geological Sciences Teaching / Education 453,200 HNL
Professor - History Teaching / Education 454,300 HNL
Professor - Industrial Engineering Teaching / Education 447,700 HNL
Professor - Law Teaching / Education 535,800 HNL
Professor - Legal Support Teaching / Education 475,700 HNL
Professor - Liberal Arts Teaching / Education 492,700 HNL
Professor - Marketing Teaching / Education 485,300 HNL
Professor - Mathematics Teaching / Education 535,900 HNL
Professor - Mechanical Engineering Teaching / Education 524,400 HNL
Professor - Medical Administration Teaching / Education 524,300 HNL
Professor - Medicine Teaching / Education 589,400 HNL
Professor - Music Teaching / Education 448,500 HNL
Professor - Nursing Teaching / Education 459,700 HNL
Professor - Pharmaceutical Sciences Teaching / Education 480,300 HNL
Professor - Philosophy Teaching / Education 483,400 HNL
Professor - Physical Therapy Teaching / Education 504,300 HNL
Professor - Physics Teaching / Education 519,300 HNL
Professor - Rehabilitation Teaching / Education 433,800 HNL
Professor - Social Work Teaching / Education 425,100 HNL
Professor - Sociology Teaching / Education 464,400 HNL
Professor - Special Education Teaching / Education 467,700 HNL
Psychology Teacher Teaching / Education 377,200 HNL
Public Management Assistant Professor Teaching / Education 407,100 HNL
School Counselor Teaching / Education 348,300 HNL
Science Educator Teaching / Education 266,000 HNL
Science Laboratory Assistant Teaching / Education 249,600 HNL
Science Teacher Teaching / Education 279,400 HNL
Secondary Mathematics Teacher Teaching / Education 282,500 HNL
Secondary School Teacher Teaching / Education 254,700 HNL
Special Education Teacher Teaching / Education 283,700 HNL
Special Needs Assistant Teaching / Education 232,900 HNL
Statistics Lecturer Teaching / Education 451,000 HNL
Student Accounts Coordinator Teaching / Education 261,300 HNL
Student Development Specialist Teaching / Education 314,500 HNL
Student Employment Specialist Teaching / Education 294,700 HNL
Student Services Teaching / Education 239,300 HNL
Student Services Coordinator Teaching / Education 243,000 HNL
Student Support Manager Teaching / Education 322,600 HNL
Substitute Teacher Teaching / Education 221,500 HNL
Teacher Teaching / Education 231,000 HNL
Teacher Aide Teaching / Education 204,700 HNL
Teacher Trainer Teaching / Education 330,900 HNL
Teaching Assistant Teaching / Education 214,000 HNL
TEFL Teacher Teaching / Education 272,800 HNL
Training and Development Specialist Teaching / Education 340,000 HNL
Training Coordinator Teaching / Education 233,900 HNL
Tutor Teaching / Education 266,000 HNL
University Teacher Teaching / Education 472,100 HNL
Vocational Education Teacher Teaching / Education 253,400 HNL

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