Average Real Estate Analyst Salary in Colombia for 2024

In this article, we will look at the average Real Estate Analyst salary for 2024 in Colombia 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 Colombian peso. To keep things simple, we are using the COP currency code instead of the currency symbol $.

How Much Does a Real Estate Analyst Make in Colombia?

A Real Estate Analyst working in Colombia will typically earn around 62,879,900 COP per year, and this can range from the lowest average salary of about 28,919,800 COP to the highest average salary of 100,081,100 COP.

Average Annual Salary
62,879,900 COP
Average Monthly Salary
5,239,991 COP

Lowest Annual Salary
28,919,800 COP
Lowest Monthly Salary
2,409,983 COP

Highest Annual Salary
100,081,100 COP
Highest Monthly Salary
8,340,091 COP

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

Real Estate 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 Real Estate Analyst Salaries in Colombia

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

Salary ranges

We already know that a Real Estate Analyst can earn between 28,919,800 COP and 100,081,100 COP on average in Colombia. 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 Real Estate Analyst in Colombia is 67,920,100 COP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 67,920,100 COP, and 50% of the population earn more than 67,920,100 COP.

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 Real Estate Analyst salary in Colombia, 25% of the population are earning less than 43,559,400 COP while 75% of the population earn more than 43,559,400 COP.

75% of the population earn less than 90,721,000 COP, and 25% of the population earn more than 90,721,000 COP.

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.

Real Estate Analyst Salary by Experience Level in Colombia

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 real estate 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 Real Estate Analyst in Colombia that has less than two years of experience can expect to earn somewhere in the region of 32,879,500 COP.
  • 2 - 5 Years Experience. With two to five years of experience the average Real Estate Analyst salary would increase to 43,921,700 COP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Real Estate Analyst, the average salary would be 64,801,300 COP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 79,079,700 COP.
  • 15 - 20 Years Experience. A Real Estate Analyst with 15 to 20 years of experience can earn an average of 86,160,100 COP.
  • 20+ Years Experience. For a Real Estate Analyst with more than 20 years, the expected average salary increases to 93,239,900 COP.

Average Salary by Experience Chart

0-2 Years
32,879,500 COP
2-5 Years +34%
43,921,700 COP
5-10 Years +48%
64,801,300 COP
10-15 Years +22%
79,079,700 COP
15-20 Years +9%
86,160,100 COP
20+ Years +8%
93,239,900 COP

Real Estate Analyst Salary by Education Level in Colombia

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 Real Estate Analyst in Colombia 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 Real Estate Analyst in Colombia with a high school education can earn an average salary of 40,321,500 COP.

  • Certificate or Diploma. A Real Estate Analyst in Colombia with a certificate or diploma education can earn an average salary of 47,401,700 COP.

  • Bachelor's Degree. A Real Estate Analyst in Colombia with a bachelor's degree education can earn an average salary of 68,760,500 COP.

  • Master's Degree. A Real Estate Analyst in Colombia with a master's degree education can earn an average salary of 90,118,200 COP.

Average Salary by Education Chart

High School
40,321,500 COP
Certificate or Diploma +18%
47,401,700 COP
Bachelor's Degree +45%
68,760,500 COP
Master's Degree +31%
90,118,200 COP

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 Colombia is around 23,500,000 to 70,400,000 COP 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.

Real Estate 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 Colombia, a male real estate analyst will earn an average of 67,681,200 COP, while a female real estate analyst will earn around 58,079,300 COP.

This means that a male real estate analyst earns approximately 17% more than a female real estate analyst for performing the same job.

Average Salary by Gender Chart in Colombia

Male
67,681,200 COP
Female -17%
58,079,300 COP

Real Estate Analyst Average Pay Raise in Colombia

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 Real Estate Analyst in Colombia is around 10% every 20 months.

The national average pay raise across all professions and industries in Colombia 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 ÷ 20 ) × 12  = 6%

What this means is that a Real Estate Analyst in Colombia can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in Colombia for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Real Estate Analyst Bonus and Incentive Rates in Colombia

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 Real Estate Analyst is a high bonus based job, with 82% of employees reporting at least one bonus in the last 12 months.

18% 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
82%
No Bonus
18%

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 Colombia earn approximately 11% more than private sector employees in the same role.

Public Sector
58,559,300 COP
Private Sector -11%
52,800,100 COP

Salaries for Jobs Similar to a Real Estate Analyst

In the table below, we have salary information for jobs that are similar to a Real Estate Analyst in Colombia.

Job Title Category Salary
Acquisition Associate Real Estate 46,080,100 COP
Assistant Leasing Manager Real Estate 61,321,600 COP
Assistant Property Manager Real Estate 63,840,300 COP
Brokerage Real Estate 44,878,500 COP
Brokerage Clerk Real Estate 24,239,000 COP
Commercial Leasing Manager Real Estate 97,081,600 COP
Commercial Real Estate Manager Real Estate 97,321,300 COP
Community Development Manager Real Estate 89,281,500 COP
Compliance Specialist Real Estate 43,559,400 COP
Development Coordinator Real Estate 45,719,900 COP
Director of Real Estate Real Estate 109,320,600 COP
Lease Administrator Real Estate 58,319,900 COP
Leasing Agent Real Estate 46,800,400 COP
Leasing Consultant Real Estate 54,000,800 COP
Leasing Manager Real Estate 65,759,500 COP
Lettings Assistant Real Estate 23,878,400 COP
Portfolio Analyst Real Estate 83,160,200 COP
Portfolio Manager Real Estate 108,000,700 COP
Property Acquisition Agent Real Estate 42,119,100 COP
Property and Claims Specialist Real Estate 60,239,600 COP
Property Manager Real Estate 72,958,100 COP
Property Operations Manager Real Estate 101,878,900 COP
Property Tax Assistant Real Estate 46,680,900 COP
Real Estate Administrator Real Estate 51,719,500 COP
Real Estate Agent Real Estate 51,361,500 COP
Real Estate Appraiser Real Estate 48,841,700 COP
Real Estate Appraiser Real Estate 51,598,300 COP
Real Estate Appraiser Real Estate 51,719,500 COP
Real Estate Assistant Real Estate 43,559,400 COP
Real Estate Association Manager Real Estate 62,519,300 COP
Real Estate Broker Real Estate 45,961,300 COP
Real Estate General Manager Real Estate 99,119,900 COP
Real Estate Project Director Real Estate 92,641,100 COP
Real Estate Project Manager Real Estate 85,801,100 COP
Real Estate Sales Agent Real Estate 49,919,200 COP
Real Estate Valuer Real Estate 49,318,100 COP
Research Analyst Real Estate 44,998,200 COP
Residential Advisor Real Estate 56,401,100 COP
Residential Property Manager Real Estate 66,359,800 COP
Shopping Center Manager Real Estate 100,921,300 COP
Town Planner Real Estate 93,838,400 COP

Salary Comparison by City

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

City Average Salary
Barranquilla 63,959,400 COP
Bello 62,279,800 COP
Bogota 69,241,100 COP
Bucaramanga 62,879,900 COP
Buenaventura 60,958,800 COP
Cartagena 68,639,200 COP
Cucuta 66,720,300 COP
Ibague 66,720,300 COP
Manizales 55,678,400 COP
Medellin 67,200,800 COP
Monteria 60,361,600 COP
Neiva 56,158,300 COP
Pereira 58,680,100 COP
Santa Marta 59,158,300 COP
Soacha 63,481,200 COP
Soledad 67,441,500 COP
Valledupar 57,961,400 COP
Villavicencio 63,599,700 COP

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