Average Securities Sales Agent Salary in Dominican Republic for 2024

In this article, we will look at the average Securities Sales Agent salary for 2024 in Dominican Republic 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 Dominican peso. To keep things simple, we are using the DOP currency code instead of the currency symbol $.

How Much Does a Securities Sales Agent Make in Dominican Republic?

A Securities Sales Agent working in Dominican Republic will typically earn around 265,000 DOP per year, and this can range from the lowest average salary of about 138,800 DOP to the highest average salary of 403,100 DOP.

Average Annual Salary
265,000 DOP
Average Monthly Salary
22,083 DOP

Lowest Annual Salary
138,800 DOP
Lowest Monthly Salary
11,566 DOP

Highest Annual Salary
403,100 DOP
Highest Monthly Salary
33,591 DOP

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

Securities Sales Agent 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 Securities Sales Agent Salaries in Dominican Republic

So we've looked at the average salaries a Securities Sales Agent will earn in Dominican Republic. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Securities Sales Agent can earn between 138,800 DOP and 403,100 DOP on average in Dominican Republic. 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 Securities Sales Agent in Dominican Republic is 251,500 DOP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 251,500 DOP, and 50% of the population earn more than 251,500 DOP.

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 Securities Sales Agent salary in Dominican Republic, 25% of the population are earning less than 174,000 DOP while 75% of the population earn more than 174,000 DOP.

75% of the population earn less than 308,900 DOP, and 25% of the population earn more than 308,900 DOP.

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.

Securities Sales Agent Salary by Experience Level in Dominican Republic

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 securities sales agent 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 Securities Sales Agent in Dominican Republic that has less than two years of experience can expect to earn somewhere in the region of 161,300 DOP.
  • 2 - 5 Years Experience. With two to five years of experience the average Securities Sales Agent salary would increase to 197,600 DOP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Securities Sales Agent, the average salary would be 281,500 DOP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 327,300 DOP.
  • 15 - 20 Years Experience. A Securities Sales Agent with 15 to 20 years of experience can earn an average of 362,200 DOP.
  • 20+ Years Experience. For a Securities Sales Agent with more than 20 years, the expected average salary increases to 384,200 DOP.

Average Salary by Experience Chart

0-2 Years
161,300 DOP
2-5 Years +23%
197,600 DOP
5-10 Years +42%
281,500 DOP
10-15 Years +17%
327,300 DOP
15-20 Years +10%
362,200 DOP
20+ Years +6%
384,200 DOP

Securities Sales Agent Salary by Education Level in Dominican Republic

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 Securities Sales Agent in Dominican Republic 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 Securities Sales Agent in Dominican Republic with a high school education can earn an average salary of 197,600 DOP.

  • Certificate or Diploma. A Securities Sales Agent in Dominican Republic with a certificate or diploma education can earn an average salary of 275,500 DOP.

  • Bachelor's Degree. A Securities Sales Agent in Dominican Republic with a bachelor's degree education can earn an average salary of 394,800 DOP.

Average Salary by Education Chart

High School
197,600 DOP
Certificate or Diploma +40%
275,500 DOP
Bachelor's Degree +42%
394,800 DOP

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 Dominican Republic is around 99,300 to 298,000 DOP 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.

Securities Sales Agent 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 Dominican Republic, a male securities sales agent will earn an average of 275,800 DOP, while a female securities sales agent will earn around 249,600 DOP.

This means that a male securities sales agent earns approximately 10% more than a female securities sales agent for performing the same job.

Average Salary by Gender Chart in Dominican Republic

Male
275,800 DOP
Female -10%
249,600 DOP

Securities Sales Agent Average Pay Raise in Dominican Republic

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 Securities Sales Agent in Dominican Republic is around 11% every 18 months.

The national average pay raise across all professions and industries in Dominican Republic is around 8% every 18 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 = ( 11 ÷ 18 ) × 12  = 7%

What this means is that a Securities Sales Agent in Dominican Republic can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Dominican Republic for 2024

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

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%

Securities Sales Agent Bonus and Incentive Rates in Dominican Republic

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 Securities Sales Agent is a high bonus based job, with 75% of employees reporting at least one bonus in the last 12 months.

25% 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 6% to 8%.

Received Bonus
75%
No Bonus
25%

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

Public Sector
247,800 DOP
Private Sector -7%
232,400 DOP

Salaries for Jobs Similar to a Securities Sales Agent

In the table below, we have salary information for jobs that are similar to a Securities Sales Agent in Dominican Republic.

Job Title Category Salary
Account Manager Sales Retail and Wholesale 267,100 DOP
Account Officer Sales Retail and Wholesale 143,200 DOP
Area Manager Sales Retail and Wholesale 281,500 DOP
Area Sales Director Sales Retail and Wholesale 464,400 DOP
Area Sales Manager Sales Retail and Wholesale 369,300 DOP
Assisstant Store Supervisor Sales Retail and Wholesale 167,100 DOP
Assistant Department Manager Sales Retail and Wholesale 180,500 DOP
Assistant Retail Store Manager Sales Retail and Wholesale 218,900 DOP
Branch Manager Sales Retail and Wholesale 292,000 DOP
Branch Supervisor Sales Retail and Wholesale 239,000 DOP
Cashier Sales Retail and Wholesale 82,520 DOP
Cashier Manager Sales Retail and Wholesale 200,000 DOP
Commercial Sales Manager Sales Retail and Wholesale 378,300 DOP
Corporate Sales Manager Sales Retail and Wholesale 332,500 DOP
Depot Manager Sales Retail and Wholesale 268,900 DOP
Depot Supervisor Sales Retail and Wholesale 238,900 DOP
Deputy Sales Manager Sales Retail and Wholesale 263,100 DOP
Director of Sales Sales Retail and Wholesale 459,700 DOP
Distribution Director Sales Retail and Wholesale 307,400 DOP
District Leader Sales Retail and Wholesale 231,000 DOP
District Manager Sales Retail and Wholesale 286,400 DOP
District Sales Manager Sales Retail and Wholesale 299,500 DOP
External Sales Account Manager Sales Retail and Wholesale 272,800 DOP
Field Sales Representative Sales Retail and Wholesale 180,300 DOP
Furniture Sales Associate Sales Retail and Wholesale 124,400 DOP
Global Wholesale Manager Sales Retail and Wholesale 504,300 DOP
Head Cashier Sales Retail and Wholesale 174,000 DOP
Head of Direct Sales Sales Retail and Wholesale 359,900 DOP
Head of Retail Sales Retail and Wholesale 344,600 DOP
Head Teller Sales Retail and Wholesale 187,500 DOP
Inside Sales Sales Retail and Wholesale 148,300 DOP
Inside Sales Account Manager Sales Retail and Wholesale 233,900 DOP
Inside Sales Engineer Sales Retail and Wholesale 168,100 DOP
Inside Sales Executive Sales Retail and Wholesale 261,300 DOP
Inside Sales Representative Sales Retail and Wholesale 158,700 DOP
Internal Sales Manager Sales Retail and Wholesale 268,900 DOP
Inventory Manager Sales Retail and Wholesale 266,000 DOP
Key Account Manager Sales Retail and Wholesale 273,000 DOP
Medical Device Sales Sales Retail and Wholesale 204,700 DOP
Medical Device Sales Representative Sales Retail and Wholesale 215,100 DOP
Merchandiser Sales Retail and Wholesale 180,500 DOP
National Account Manager Sales Retail and Wholesale 384,200 DOP
National Customer Solution Specialist Sales Retail and Wholesale 305,600 DOP
National Sales Manager Sales Retail and Wholesale 476,600 DOP
Outside Sales Representative Sales Retail and Wholesale 183,700 DOP
Parts Salesperson Sales Retail and Wholesale 152,300 DOP
Project Development Manager Sales Retail and Wholesale 301,600 DOP
Project Manager Sales Retail and Wholesale 312,400 DOP
Project Sales Executive Sales Retail and Wholesale 305,600 DOP
Purchasing and Sales Executive Sales Retail and Wholesale 421,400 DOP
Quotation Engineer Sales Retail and Wholesale 142,300 DOP
Regional Sales Director Sales Retail and Wholesale 499,300 DOP
Regional Sales Manager Sales Retail and Wholesale 472,100 DOP
Relationship Manager Sales Retail and Wholesale 319,600 DOP
Retail Merchandiser Sales Retail and Wholesale 118,060 DOP
Retail Operations Manager Sales Retail and Wholesale 290,800 DOP
Retail Sales Associate Sales Retail and Wholesale 212,500 DOP
Retail Sales Representative Sales Retail and Wholesale 164,200 DOP
Retail Salesperson Sales Retail and Wholesale 152,000 DOP
Retail Store Manager Sales Retail and Wholesale 301,800 DOP
Retail Store Sales Person Sales Retail and Wholesale 150,000 DOP
Revenue Manager Sales Retail and Wholesale 268,900 DOP
Sales Account Manager Sales Retail and Wholesale 318,800 DOP
Sales Admin Executive Sales Retail and Wholesale 378,300 DOP
Sales Administration Manager Sales Retail and Wholesale 359,900 DOP
Sales Analyst Sales Retail and Wholesale 271,300 DOP
Sales Assistant Sales Retail and Wholesale 115,600 DOP
Sales Associate Sales Retail and Wholesale 142,300 DOP
Sales Consultant Sales Retail and Wholesale 217,900 DOP
Sales Coordinator Sales Retail and Wholesale 159,400 DOP
Sales Development Representative Sales Retail and Wholesale 197,600 DOP
Sales Director Sales Retail and Wholesale 442,300 DOP
Sales Engineer Sales Retail and Wholesale 168,100 DOP
Sales Executive Sales Retail and Wholesale 314,500 DOP
Sales Manager Sales Retail and Wholesale 389,200 DOP
Sales Officer Sales Retail and Wholesale 161,600 DOP
Sales Planner Sales Retail and Wholesale 239,300 DOP
Sales Planning Analyst Sales Retail and Wholesale 243,000 DOP
Sales Representative Sales Retail and Wholesale 157,600 DOP
Sales Service Associate Sales Retail and Wholesale 146,200 DOP
Sales Specialist Sales Retail and Wholesale 239,000 DOP
Sales Supervisor Sales Retail and Wholesale 246,500 DOP
Sales Support Sales Retail and Wholesale 118,260 DOP
Sales Support Manager Sales Retail and Wholesale 246,500 DOP
Sales Team Leader Sales Retail and Wholesale 246,500 DOP
Sales Trainer Sales Retail and Wholesale 263,100 DOP
Shipper / Receiver Sales Retail and Wholesale 112,440 DOP
Shop Manager Sales Retail and Wholesale 263,900 DOP
Store Development Administrator Sales Retail and Wholesale 192,000 DOP
Store Manager Sales Retail and Wholesale 282,500 DOP
Territory Sales Manager Sales Retail and Wholesale 397,900 DOP
Territory Sales Representative Sales Retail and Wholesale 215,100 DOP
Trade Marketing Officer Sales Retail and Wholesale 252,300 DOP
Treasury Officer Sales Retail and Wholesale 237,400 DOP
Vice President Sales Sales Retail and Wholesale 365,400 DOP
Visual Merchandiser Sales Retail and Wholesale 138,200 DOP

Salary Comparison by City

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

City Average Salary
Santo Domingo 277,400 DOP

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