Average Shopping Center Manager Salary in Guatemala for 2024

In this article, we will look at the average Shopping Center Manager salary for 2024 in Guatemala 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 Guatemalan quetzal. To keep things simple, we are using the GTQ currency code instead of the currency symbol Q.

How Much Does a Shopping Center Manager Make in Guatemala?

A Shopping Center Manager working in Guatemala will typically earn around 212,500 GTQ per year, and this can range from the lowest average salary of about 99,100 GTQ to the highest average salary of 339,100 GTQ.

Average Annual Salary
212,500 GTQ
Average Monthly Salary
17,708 GTQ

Lowest Annual Salary
99,100 GTQ
Lowest Monthly Salary
8,258 GTQ

Highest Annual Salary
339,100 GTQ
Highest Monthly Salary
28,258 GTQ

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

Shopping Center 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 Shopping Center Manager Salaries in Guatemala

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

Salary ranges

We already know that a Shopping Center Manager can earn between 99,100 GTQ and 339,100 GTQ on average in Guatemala. 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 Shopping Center Manager in Guatemala is 225,300 GTQ. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 225,300 GTQ, and 50% of the population earn more than 225,300 GTQ.

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 Shopping Center Manager salary in Guatemala, 25% of the population are earning less than 148,300 GTQ while 75% of the population earn more than 148,300 GTQ.

75% of the population earn less than 297,000 GTQ, and 25% of the population earn more than 297,000 GTQ.

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.

Shopping Center Manager Salary by Experience Level in Guatemala

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 shopping center 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 Shopping Center Manager in Guatemala that has less than two years of experience can expect to earn somewhere in the region of 116,960 GTQ.
  • 2 - 5 Years Experience. With two to five years of experience the average Shopping Center Manager salary would increase to 159,400 GTQ.
  • 5 - 10 Years Experience. From five to ten years of experience as a Shopping Center Manager, the average salary would be 228,500 GTQ.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 275,800 GTQ.
  • 15 - 20 Years Experience. A Shopping Center Manager with 15 to 20 years of experience can earn an average of 292,000 GTQ.
  • 20+ Years Experience. For a Shopping Center Manager with more than 20 years, the expected average salary increases to 318,800 GTQ.

Average Salary by Experience Chart

0-2 Years
116,960 GTQ
2-5 Years +38%
159,400 GTQ
5-10 Years +42%
228,500 GTQ
10-15 Years +22%
275,800 GTQ
15-20 Years +6%
292,000 GTQ
20+ Years +9%
318,800 GTQ

Shopping Center Manager Salary by Education Level in Guatemala

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 Shopping Center Manager in Guatemala 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 Shopping Center Manager in Guatemala with a high school education can earn an average salary of 143,200 GTQ.

  • Certificate or Diploma. A Shopping Center Manager in Guatemala with a certificate or diploma education can earn an average salary of 168,100 GTQ.

  • Bachelor's Degree. A Shopping Center Manager in Guatemala with a bachelor's degree education can earn an average salary of 240,500 GTQ.

  • Master's Degree. A Shopping Center Manager in Guatemala with a master's degree education can earn an average salary of 318,800 GTQ.

Average Salary by Education Chart

High School
143,200 GTQ
Certificate or Diploma +17%
168,100 GTQ
Bachelor's Degree +45%
240,500 GTQ
Master's Degree +31%
318,800 GTQ

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 Guatemala is around 52,400 to 157,000 GTQ 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.

Shopping Center 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 Guatemala, a male shopping center manager will earn an average of 228,500 GTQ, while a female shopping center manager will earn around 201,100 GTQ.

This means that a male shopping center manager earns approximately 14% more than a female shopping center manager for performing the same job.

Average Salary by Gender Chart in Guatemala

Male
228,500 GTQ
Female -14%
201,100 GTQ

Shopping Center Manager Average Pay Raise in Guatemala

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 Shopping Center Manager in Guatemala is around 11% every 21 months.

The national average pay raise across all professions and industries in Guatemala 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 = ( 11 ÷ 21 ) × 12  = 6%

What this means is that a Shopping Center Manager in Guatemala can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in Guatemala for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Shopping Center Manager Bonus and Incentive Rates in Guatemala

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 Shopping Center Manager 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 Guatemala earn approximately 12% more than private sector employees in the same role.

Public Sector
134,600 GTQ
Private Sector -12%
119,700 GTQ

Salaries for Jobs Similar to a Shopping Center Manager

In the table below, we have salary information for jobs that are similar to a Shopping Center Manager in Guatemala.

Job Title Category Salary
Acquisition Associate Real Estate 98,960 GTQ
Assistant Leasing Manager Real Estate 123,400 GTQ
Assistant Property Manager Real Estate 136,100 GTQ
Brokerage Real Estate 95,720 GTQ
Brokerage Clerk Real Estate 51,100 GTQ
Commercial Leasing Manager Real Estate 195,200 GTQ
Commercial Real Estate Manager Real Estate 207,800 GTQ
Community Development Manager Real Estate 195,200 GTQ
Compliance Specialist Real Estate 101,840 GTQ
Development Coordinator Real Estate 97,900 GTQ
Director of Real Estate Real Estate 216,800 GTQ
Lease Administrator Real Estate 127,700 GTQ
Leasing Agent Real Estate 103,840 GTQ
Leasing Consultant Real Estate 123,400 GTQ
Leasing Manager Real Estate 138,800 GTQ
Lettings Assistant Real Estate 50,660 GTQ
Portfolio Analyst Real Estate 161,600 GTQ
Portfolio Manager Real Estate 243,000 GTQ
Property Acquisition Agent Real Estate 88,620 GTQ
Property and Claims Specialist Real Estate 116,740 GTQ
Property Manager Real Estate 143,200 GTQ
Property Operations Manager Real Estate 204,700 GTQ
Property Tax Assistant Real Estate 94,940 GTQ
Real Estate Administrator Real Estate 113,780 GTQ
Real Estate Agent Real Estate 104,500 GTQ
Real Estate Analyst Real Estate 128,500 GTQ
Real Estate Appraiser Real Estate 106,780 GTQ
Real Estate Appraiser Real Estate 107,960 GTQ
Real Estate Appraiser Real Estate 114,380 GTQ
Real Estate Assistant Real Estate 93,780 GTQ
Real Estate Association Manager Real Estate 136,100 GTQ
Real Estate Broker Real Estate 98,140 GTQ
Real Estate General Manager Real Estate 197,600 GTQ
Real Estate Project Director Real Estate 191,600 GTQ
Real Estate Project Manager Real Estate 183,600 GTQ
Real Estate Sales Agent Real Estate 103,200 GTQ
Real Estate Valuer Real Estate 105,620 GTQ
Research Analyst Real Estate 91,660 GTQ
Residential Advisor Real Estate 118,200 GTQ
Residential Property Manager Real Estate 139,100 GTQ
Town Planner Real Estate 221,500 GTQ

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