Average Service Manager Salary in Nicaragua for 2024

In this article, we will look at the average Service Manager salary for 2024 in Nicaragua 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 Nicaraguan córdoba. To keep things simple, we are using the NIO currency code instead of the currency symbol C$.

How Much Does a Service Manager Make in Nicaragua?

A Service Manager working in Nicaragua will typically earn around 257,700 NIO per year, and this can range from the lowest average salary of about 136,100 NIO to the highest average salary of 394,800 NIO.

Average Annual Salary
257,700 NIO
Average Monthly Salary
21,475 NIO

Lowest Annual Salary
136,100 NIO
Lowest Monthly Salary
11,341 NIO

Highest Annual Salary
394,800 NIO
Highest Monthly Salary
32,900 NIO

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

Service 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 Service Manager Salaries in Nicaragua

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

Salary ranges

We already know that a Service Manager can earn between 136,100 NIO and 394,800 NIO on average in Nicaragua. 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 Service Manager in Nicaragua is 246,500 NIO. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 246,500 NIO, and 50% of the population earn more than 246,500 NIO.

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 Service Manager salary in Nicaragua, 25% of the population are earning less than 172,200 NIO while 75% of the population earn more than 172,200 NIO.

75% of the population earn less than 309,800 NIO, and 25% of the population earn more than 309,800 NIO.

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.

Service Manager Salary by Experience Level in Nicaragua

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 service 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 Service Manager in Nicaragua that has less than two years of experience can expect to earn somewhere in the region of 152,000 NIO.
  • 2 - 5 Years Experience. With two to five years of experience the average Service Manager salary would increase to 205,700 NIO.
  • 5 - 10 Years Experience. From five to ten years of experience as a Service Manager, the average salary would be 265,000 NIO.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 320,500 NIO.
  • 15 - 20 Years Experience. A Service Manager with 15 to 20 years of experience can earn an average of 351,900 NIO.
  • 20+ Years Experience. For a Service Manager with more than 20 years, the expected average salary increases to 369,900 NIO.

Average Salary by Experience Chart

0-2 Years
152,000 NIO
2-5 Years +34%
205,700 NIO
5-10 Years +30%
265,000 NIO
10-15 Years +21%
320,500 NIO
15-20 Years +9%
351,900 NIO
20+ Years +5%
369,900 NIO

Service Manager Salary by Education Level in Nicaragua

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 Service Manager in Nicaragua based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. A Service Manager in Nicaragua with a certificate or diploma education can earn an average salary of 181,600 NIO.

  • Bachelor's Degree. A Service Manager in Nicaragua with a bachelor's degree education can earn an average salary of 273,000 NIO.

  • Master's Degree. A Service Manager in Nicaragua with a master's degree education can earn an average salary of 389,200 NIO.

Average Salary by Education Chart

Certificate or Diploma
181,600 NIO
Bachelor's Degree +52%
273,000 NIO
Master's Degree +42%
389,200 NIO

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 Nicaragua is around 94,700 to 284,000 NIO 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.

Service 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 Nicaragua, a male service manager will earn an average of 272,800 NIO, while a female service manager will earn around 247,800 NIO.

This means that a male service manager earns approximately 10% more than a female service manager for performing the same job.

Average Salary by Gender Chart in Nicaragua

Male
272,800 NIO
Female -10%
247,800 NIO

Service Manager Average Pay Raise in Nicaragua

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 Service Manager in Nicaragua is around 7% every 29 months.

The national average pay raise across all professions and industries in Nicaragua 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 = ( 7 ÷ 29 ) × 12  = 3%

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

Annual Pay Raise by Industry in Nicaragua for 2024

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

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

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

Service Manager Bonus and Incentive Rates in Nicaragua

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 Service Manager is a moderate bonus based job, with 61% of employees reporting at least one bonus in the last 12 months.

39% 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
61%
No Bonus
39%

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 Nicaragua earn approximately 14% more than private sector employees in the same role.

Public Sector
245,300 NIO
Private Sector -14%
215,100 NIO

Salaries for Jobs Similar to a Service Manager

In the table below, we have salary information for jobs that are similar to a Service Manager in Nicaragua.

Job Title Category Salary
After Sales Automotive Manager Automotive 239,300 NIO
Alignment Technician Automotive 79,360 NIO
Auto Damage Adjuster Automotive 86,800 NIO
Auto Detailer Automotive 89,800 NIO
Auto Parts Manager Automotive 294,700 NIO
Automotive Assembler Automotive 83,640 NIO
Automotive Assembly Manager Automotive 254,700 NIO
Automotive Assembly Operator Automotive 83,020 NIO
Automotive Body Repairer Automotive 80,640 NIO
Automotive Branch Manager Automotive 369,900 NIO
Automotive Central Planner Automotive 123,400 NIO
Automotive Electrician Automotive 103,900 NIO
Automotive Engineering Technician Automotive 113,560 NIO
Automotive Estimating Manager Automotive 227,600 NIO
Automotive Estimator Automotive 172,200 NIO
Automotive General Manager Automotive 428,400 NIO
Automotive Inventory Officer Automotive 85,460 NIO
Automotive Manager Automotive 398,300 NIO
Automotive Master Mechanic Automotive 129,000 NIO
Automotive Parts Supplier Automotive 124,400 NIO
Automotive Project Engineer Automotive 152,000 NIO
Automotive Project Manager Automotive 282,500 NIO
Automotive Purchase Manager Automotive 301,700 NIO
Automotive Sales Automotive 172,400 NIO
Automotive Service Technician Automotive 83,760 NIO
Automotive Technician Automotive 80,500 NIO
Automotive Test Engineer Automotive 150,000 NIO
Automotive Warranty Administrator Automotive 142,300 NIO
Automotive Warranty Clerk Automotive 88,020 NIO
Car Parts and Accessories Fitter Automotive 74,300 NIO
Car Salesman Automotive 161,300 NIO
Damage Appraiser Automotive 128,500 NIO
Diesel Engine Specialist Automotive 118,260 NIO
Job Card Opener Automotive 80,920 NIO
Lube Technician Automotive 66,680 NIO
Master File Maintenance Automotive 119,320 NIO
Materials Planner Automotive 130,400 NIO
Mechanic Automotive 78,260 NIO
Motor Vehicle Inspector Automotive 120,040 NIO
Motorcycle Mechanic Automotive 93,100 NIO
Service Advisor Automotive 150,000 NIO
Stock Controller Automotive 108,080 NIO
Technical Advisor Automotive 159,400 NIO
Tire Retreader Automotive 78,120 NIO
Used Car Manager Automotive 221,500 NIO
Vehicle Body Maker Automotive 107,860 NIO
Vehicle Examiner Automotive 106,980 NIO
Vehicle Painter Automotive 72,180 NIO
Vehicle Trimmer Automotive 77,400 NIO
Welder Automotive 72,120 NIO

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