Average Research Analyst Salary in Chile for 2024

In this article, we will look at the average Research Analyst salary for 2024 in Chile 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 Chilean peso. To keep things simple, we are using the CLP currency code instead of the currency symbol $.

How Much Does a Research Analyst Make in Chile?

A Research Analyst working in Chile will typically earn around 18,121,700 CLP per year, and this can range from the lowest average salary of about 9,262,300 CLP to the highest average salary of 27,960,400 CLP.

Average Annual Salary
18,121,700 CLP
Average Monthly Salary
1,510,141 CLP

Lowest Annual Salary
9,262,300 CLP
Lowest Monthly Salary
771,858 CLP

Highest Annual Salary
27,960,400 CLP
Highest Monthly Salary
2,330,033 CLP

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

Research 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 Research Analyst Salaries in Chile

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

Salary ranges

We already know that a Research Analyst can earn between 9,262,300 CLP and 27,960,400 CLP on average in Chile. 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 Research Analyst in Chile is 17,758,500 CLP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 17,758,500 CLP, and 50% of the population earn more than 17,758,500 CLP.

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 Research Analyst salary in Chile, 25% of the population are earning less than 12,121,000 CLP while 75% of the population earn more than 12,121,000 CLP.

75% of the population earn less than 22,441,700 CLP, and 25% of the population earn more than 22,441,700 CLP.

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.

Research Analyst Salary by Experience Level in Chile

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 research 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 Research Analyst in Chile that has less than two years of experience can expect to earn somewhere in the region of 10,378,100 CLP.
  • 2 - 5 Years Experience. With two to five years of experience the average Research Analyst salary would increase to 13,561,900 CLP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Research Analyst, the average salary would be 18,958,500 CLP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 22,799,000 CLP.
  • 15 - 20 Years Experience. A Research Analyst with 15 to 20 years of experience can earn an average of 24,718,600 CLP.
  • 20+ Years Experience. For a Research Analyst with more than 20 years, the expected average salary increases to 26,759,500 CLP.

Average Salary by Experience Chart

0-2 Years
10,378,100 CLP
2-5 Years +31%
13,561,900 CLP
5-10 Years +40%
18,958,500 CLP
10-15 Years +20%
22,799,000 CLP
15-20 Years +9%
24,718,600 CLP
20+ Years +8%
26,759,500 CLP

Research Analyst Salary by Education Level in Chile

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 Research Analyst in Chile 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 Research Analyst in Chile with a high school education can earn an average salary of 12,481,200 CLP.

  • Certificate or Diploma. A Research Analyst in Chile with a certificate or diploma education can earn an average salary of 14,280,500 CLP.

  • Bachelor's Degree. A Research Analyst in Chile with a bachelor's degree education can earn an average salary of 20,159,800 CLP.

  • Master's Degree. A Research Analyst in Chile with a master's degree education can earn an average salary of 25,919,400 CLP.

Average Salary by Education Chart

High School
12,481,200 CLP
Certificate or Diploma +15%
14,280,500 CLP
Bachelor's Degree +41%
20,159,800 CLP
Master's Degree +29%
25,919,400 CLP

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 Chile is around 9,340,000 to 28,000,000 CLP 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.

Research 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 Chile, a male research analyst will earn an average of 18,958,500 CLP, while a female research analyst will earn around 17,399,400 CLP.

This means that a male research analyst earns approximately 9% more than a female research analyst for performing the same job.

Average Salary by Gender Chart in Chile

Male
18,958,500 CLP
Female -9%
17,399,400 CLP

Research Analyst Average Pay Raise in Chile

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 Research Analyst in Chile is around 9% every 19 months.

The national average pay raise across all professions and industries in Chile 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 ÷ 19 ) × 12  = 6%

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

Annual Pay Raise by Industry in Chile for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Research Analyst Bonus and Incentive Rates in Chile

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 Research Analyst is a moderate bonus based job, with 52% of employees reporting at least one bonus in the last 12 months.

48% 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
52%
No Bonus
48%

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 Chile earn approximately 7% more than private sector employees in the same role.

Public Sector
23,399,000 CLP
Private Sector -7%
21,841,900 CLP

Salaries for Jobs Similar to a Research Analyst

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

Job Title Category Salary
Acquisition Associate Real Estate 18,121,700 CLP
Assistant Leasing Manager Real Estate 24,359,000 CLP
Assistant Property Manager Real Estate 23,520,800 CLP
Brokerage Real Estate 18,479,600 CLP
Brokerage Clerk Real Estate 9,610,800 CLP
Commercial Leasing Manager Real Estate 39,718,900 CLP
Commercial Real Estate Manager Real Estate 39,718,900 CLP
Community Development Manager Real Estate 36,240,700 CLP
Compliance Specialist Real Estate 17,640,500 CLP
Development Coordinator Real Estate 18,479,600 CLP
Director of Real Estate Real Estate 43,198,900 CLP
Lease Administrator Real Estate 24,599,500 CLP
Leasing Agent Real Estate 19,558,300 CLP
Leasing Consultant Real Estate 21,719,900 CLP
Leasing Manager Real Estate 26,280,300 CLP
Lettings Assistant Real Estate 9,082,500 CLP
Portfolio Analyst Real Estate 31,800,300 CLP
Portfolio Manager Real Estate 45,478,500 CLP
Property Acquisition Agent Real Estate 17,399,400 CLP
Property and Claims Specialist Real Estate 22,558,900 CLP
Property Manager Real Estate 27,960,400 CLP
Property Operations Manager Real Estate 40,321,500 CLP
Property Tax Assistant Real Estate 19,200,400 CLP
Real Estate Administrator Real Estate 21,841,900 CLP
Real Estate Agent Real Estate 20,400,600 CLP
Real Estate Analyst Real Estate 24,718,600 CLP
Real Estate Appraiser Real Estate 19,321,100 CLP
Real Estate Appraiser Real Estate 19,439,300 CLP
Real Estate Assistant Real Estate 18,840,100 CLP
Real Estate Association Manager Real Estate 25,679,100 CLP
Real Estate Broker Real Estate 18,239,400 CLP
Real Estate General Manager Real Estate 38,399,900 CLP
Real Estate Project Director Real Estate 38,399,900 CLP
Real Estate Project Manager Real Estate 34,198,600 CLP
Real Estate Sales Agent Real Estate 20,400,600 CLP
Real Estate Valuer Real Estate 19,200,400 CLP
Residential Advisor Real Estate 22,321,900 CLP
Residential Property Manager Real Estate 26,158,200 CLP
Shopping Center Manager Real Estate 39,119,300 CLP
Town Planner Real Estate 40,199,100 CLP

Salary Comparison by City

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

City Average Salary
Antofagasta 17,399,400 CLP
Concepcion 16,198,300 CLP
La Florida 18,958,500 CLP
Las Condes 17,879,000 CLP
Maipu 18,840,100 CLP
Penalolen 15,960,700 CLP
Puente Alto 18,720,200 CLP
Rancagua 15,719,900 CLP
San Bernardo 16,198,300 CLP
Santiago 19,799,400 CLP
Temuco 16,320,700 CLP
Valparaiso 17,519,700 CLP
Vina del Mar 17,879,000 CLP

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