Average Sales Promotion Manager Salary in Venezuela for 2024

In this article, we will look at the average Sales Promotion Manager salary for 2024 in Venezuela 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 Venezuelan bolívar soberano. To keep things simple, we are using the VES currency code instead of the currency symbol Bs.S..

How Much Does a Sales Promotion Manager Make in Venezuela?

A Sales Promotion Manager working in Venezuela will typically earn around 2,460,900 VES per year, and this can range from the lowest average salary of about 1,181,200 VES to the highest average salary of 3,863,700 VES.

Average Annual Salary
2,460,900 VES
Average Monthly Salary
205,075 VES

Lowest Annual Salary
1,181,200 VES
Lowest Monthly Salary
98,433 VES

Highest Annual Salary
3,863,700 VES
Highest Monthly Salary
321,975 VES

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

Sales Promotion Manager 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 Sales Promotion Manager Salaries in Venezuela

So we've looked at the average salaries a Sales Promotion Manager will earn in Venezuela. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Sales Promotion Manager can earn between 1,181,200 VES and 3,863,700 VES on average in Venezuela. 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 Sales Promotion Manager in Venezuela is 2,557,100 VES. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,557,100 VES, and 50% of the population earn more than 2,557,100 VES.

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 Sales Promotion Manager salary in Venezuela, 25% of the population are earning less than 1,678,300 VES while 75% of the population earn more than 1,678,300 VES.

75% of the population earn less than 3,335,900 VES, and 25% of the population earn more than 3,335,900 VES.

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.

Sales Promotion Manager Salary by Experience Level in Venezuela

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 sales promotion manager 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 Sales Promotion Manager in Venezuela that has less than two years of experience can expect to earn somewhere in the region of 1,380,400 VES.
  • 2 - 5 Years Experience. With two to five years of experience the average Sales Promotion Manager salary would increase to 1,955,300 VES.
  • 5 - 10 Years Experience. From five to ten years of experience as a Sales Promotion Manager, the average salary would be 2,566,100 VES.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 3,168,300 VES.
  • 15 - 20 Years Experience. A Sales Promotion Manager with 15 to 20 years of experience can earn an average of 3,359,900 VES.
  • 20+ Years Experience. For a Sales Promotion Manager with more than 20 years, the expected average salary increases to 3,685,200 VES.

Average Salary by Experience Chart

0-2 Years
1,380,400 VES
2-5 Years +42%
1,955,300 VES
5-10 Years +31%
2,566,100 VES
10-15 Years +23%
3,168,300 VES
15-20 Years +6%
3,359,900 VES
20+ Years +10%
3,685,200 VES

Sales Promotion Manager Salary by Education Level in Venezuela

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 Sales Promotion Manager in Venezuela 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 Sales Promotion Manager in Venezuela with a high school education can earn an average salary of 1,716,600 VES.

  • Certificate or Diploma. A Sales Promotion Manager in Venezuela with a certificate or diploma education can earn an average salary of 1,980,600 VES.

  • Bachelor's Degree. A Sales Promotion Manager in Venezuela with a bachelor's degree education can earn an average salary of 2,893,600 VES.

  • Master's Degree. A Sales Promotion Manager in Venezuela with a master's degree education can earn an average salary of 3,564,300 VES.

Average Salary by Education Chart

High School
1,716,600 VES
Certificate or Diploma +16%
1,980,600 VES
Bachelor's Degree +46%
2,893,600 VES
Master's Degree +23%
3,564,300 VES

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 Venezuela is around 662,000 to 1,990,000 VES 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.

Sales Promotion Manager 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 Venezuela, a male sales promotion manager will earn an average of 2,566,100 VES, while a female sales promotion manager will earn around 2,401,300 VES.

This means that a male sales promotion manager earns approximately 7% more than a female sales promotion manager for performing the same job.

Average Salary by Gender Chart in Venezuela

Male
2,566,100 VES
Female -7%
2,401,300 VES

Sales Promotion Manager Average Pay Raise in Venezuela

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 Sales Promotion Manager in Venezuela is around 8% every 31 months.

The national average pay raise across all professions and industries in Venezuela is around 4% every 29 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 ÷ 31 ) × 12  = 3%

What this means is that a Sales Promotion Manager in Venezuela can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Venezuela for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Sales Promotion Manager Bonus and Incentive Rates in Venezuela

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 Sales Promotion Manager is a moderate bonus based job, with 65% of employees reporting at least one bonus in the last 12 months.

35% 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
65%
No Bonus
35%

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

Public Sector
1,655,500 VES
Private Sector -11%
1,487,200 VES

Salaries for Jobs Similar to a Sales Promotion Manager

In the table below, we have salary information for jobs that are similar to a Sales Promotion Manager in Venezuela.

Job Title Category Salary
Advertising Account Executive Advertising / Graphic Design / Events 1,716,600 VES
Advertising Account Manager Advertising / Graphic Design / Events 2,015,600 VES
Advertising Account Planner Advertising / Graphic Design / Events 1,009,600 VES
Advertising and Promotions Manager Advertising / Graphic Design / Events 2,605,500 VES
Advertising Coordinator Advertising / Graphic Design / Events 1,249,900 VES
Advertising Manager Advertising / Graphic Design / Events 2,605,500 VES
Advertising Operations Manager Advertising / Graphic Design / Events 2,734,500 VES
Advertising Sales Director Advertising / Graphic Design / Events 2,629,100 VES
Advertising Strategic Planner Advertising / Graphic Design / Events 1,668,900 VES
Advertising Team Leader Advertising / Graphic Design / Events 1,524,300 VES
Animator Advertising / Graphic Design / Events 1,134,100 VES
Art Director Advertising / Graphic Design / Events 1,621,400 VES
Art Manager Advertising / Graphic Design / Events 1,570,900 VES
Artist Advertising / Graphic Design / Events 1,357,900 VES
Artworker Advertising / Graphic Design / Events 987,200 VES
Assistant Art Director Advertising / Graphic Design / Events 1,192,400 VES
Audio and Video Equipment Technician Advertising / Graphic Design / Events 903,500 VES
Audio Engineer Advertising / Graphic Design / Events 1,134,500 VES
Audiosual Technician Advertising / Graphic Design / Events 899,200 VES
Broadcast Administrator Advertising / Graphic Design / Events 1,668,900 VES
Catering Sales Advertising / Graphic Design / Events 1,014,700 VES
Catering Trainer Advertising / Graphic Design / Events 1,224,800 VES
Commercial and Industrial Designer Advertising / Graphic Design / Events 913,400 VES
Conference Organiser Advertising / Graphic Design / Events 1,184,200 VES
Content and Media Production Lead Advertising / Graphic Design / Events 1,846,200 VES
CopyWriter Advertising / Graphic Design / Events 1,113,700 VES
Creative Designer Advertising / Graphic Design / Events 1,152,700 VES
Creative Director Advertising / Graphic Design / Events 1,524,300 VES
Designer Advertising / Graphic Design / Events 906,000 VES
Desktop Publisher Advertising / Graphic Design / Events 792,900 VES
Digital Campaign Manager Advertising / Graphic Design / Events 1,703,200 VES
Digital Media Manager Advertising / Graphic Design / Events 1,882,700 VES
Digital Media Strategist Advertising / Graphic Design / Events 1,955,300 VES
Director of Events Advertising / Graphic Design / Events 2,557,100 VES
Director of Graphic Design Advertising / Graphic Design / Events 1,510,400 VES
Director of Social Media Marketing Advertising / Graphic Design / Events 2,100,900 VES
Events and Promotions Manager Advertising / Graphic Design / Events 2,688,800 VES
Events Director Advertising / Graphic Design / Events 2,557,100 VES
Exhibit Designer Advertising / Graphic Design / Events 1,296,900 VES
Exhibit Display Coordinator Advertising / Graphic Design / Events 1,185,300 VES
Exhibit Display Manager Advertising / Graphic Design / Events 1,645,600 VES
Finisher Advertising / Graphic Design / Events 840,800 VES
Graphic Artist Advertising / Graphic Design / Events 966,100 VES
Graphic Design Specialist Advertising / Graphic Design / Events 1,212,800 VES
Graphic Designer Advertising / Graphic Design / Events 1,048,600 VES
Graphics Artist Advertising / Graphic Design / Events 1,053,900 VES
Graphics Design Supervisor Advertising / Graphic Design / Events 1,391,600 VES
Group Creative Director Advertising / Graphic Design / Events 1,703,200 VES
Imagery Analyst Advertising / Graphic Design / Events 931,700 VES
Imaging Technologist Advertising / Graphic Design / Events 965,000 VES
Interaction Designer Advertising / Graphic Design / Events 814,100 VES
Media Analyst Advertising / Graphic Design / Events 1,283,600 VES
Media Executive Advertising / Graphic Design / Events 1,728,900 VES
Media Planner Advertising / Graphic Design / Events 1,283,600 VES
Media Production Coordinator Advertising / Graphic Design / Events 1,224,800 VES
Media Production Manager Advertising / Graphic Design / Events 2,052,200 VES
Media Project Manager Advertising / Graphic Design / Events 2,065,400 VES
Media Relations Representative Advertising / Graphic Design / Events 1,751,700 VES
Media Sales Executive Advertising / Graphic Design / Events 2,100,900 VES
Meeting and Event Planner Advertising / Graphic Design / Events 1,185,300 VES
Multimedia Artist Advertising / Graphic Design / Events 1,031,200 VES
Multimedia Specialist Advertising / Graphic Design / Events 965,000 VES
Photographer Advertising / Graphic Design / Events 896,700 VES
PPC Campaign Manager Advertising / Graphic Design / Events 1,668,900 VES
Print Production Manager Advertising / Graphic Design / Events 1,835,700 VES
Product and Brand Manager Advertising / Graphic Design / Events 2,471,700 VES
Search Engine Optimization Specialist (SEO) Advertising / Graphic Design / Events 1,067,300 VES
Sketch Artist Advertising / Graphic Design / Events 1,088,800 VES
Social Media Executive Advertising / Graphic Design / Events 2,076,600 VES
Social Media Manager Advertising / Graphic Design / Events 1,942,700 VES
Social Media Marketing Manager Advertising / Graphic Design / Events 1,980,600 VES
Social Media Strategist Advertising / Graphic Design / Events 2,086,500 VES
Special Events Supervisor Advertising / Graphic Design / Events 1,524,300 VES
Technical Typist Advertising / Graphic Design / Events 709,600 VES
User Experience UX Designer Advertising / Graphic Design / Events 1,057,700 VES
UX Designer Advertising / Graphic Design / Events 960,900 VES

Salary Comparison by City

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

City Average Salary
Barquisimeto 2,471,700 VES
Caracas 2,819,600 VES
Ciudad Guayana 2,207,600 VES
Maracaibo 2,593,900 VES

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