Average Sponsorship Consultant Salary in Nicaragua for 2024

In this article, we will look at the average Sponsorship Consultant 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 Sponsorship Consultant Make in Nicaragua?

A Sponsorship Consultant working in Nicaragua will typically earn around 209,700 NIO per year, and this can range from the lowest average salary of about 111,240 NIO to the highest average salary of 320,500 NIO.

Average Annual Salary
209,700 NIO
Average Monthly Salary
17,475 NIO

Lowest Annual Salary
111,240 NIO
Lowest Monthly Salary
9,270 NIO

Highest Annual Salary
320,500 NIO
Highest Monthly Salary
26,708 NIO

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

Sponsorship Consultant 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 Sponsorship Consultant Salaries in Nicaragua

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

Salary ranges

We already know that a Sponsorship Consultant can earn between 111,240 NIO and 320,500 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 Sponsorship Consultant in Nicaragua is 201,100 NIO. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 201,100 NIO, and 50% of the population earn more than 201,100 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 Sponsorship Consultant salary in Nicaragua, 25% of the population are earning less than 138,800 NIO while 75% of the population earn more than 138,800 NIO.

75% of the population earn less than 253,400 NIO, and 25% of the population earn more than 253,400 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.

Sponsorship Consultant 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 sponsorship consultant 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 Sponsorship Consultant in Nicaragua that has less than two years of experience can expect to earn somewhere in the region of 124,400 NIO.
  • 2 - 5 Years Experience. With two to five years of experience the average Sponsorship Consultant salary would increase to 168,100 NIO.
  • 5 - 10 Years Experience. From five to ten years of experience as a Sponsorship Consultant, the average salary would be 216,800 NIO.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 263,100 NIO.
  • 15 - 20 Years Experience. A Sponsorship Consultant with 15 to 20 years of experience can earn an average of 288,100 NIO.
  • 20+ Years Experience. For a Sponsorship Consultant with more than 20 years, the expected average salary increases to 301,300 NIO.

Average Salary by Experience Chart

0-2 Years
124,400 NIO
2-5 Years +34%
168,100 NIO
5-10 Years +30%
216,800 NIO
10-15 Years +21%
263,100 NIO
15-20 Years +9%
288,100 NIO
20+ Years +5%
301,300 NIO

Sponsorship Consultant 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 Sponsorship Consultant in Nicaragua 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 Sponsorship Consultant in Nicaragua with a high school education can earn an average salary of 151,800 NIO.

  • Certificate or Diploma. A Sponsorship Consultant in Nicaragua with a certificate or diploma education can earn an average salary of 172,200 NIO.

  • Bachelor's Degree. A Sponsorship Consultant in Nicaragua with a bachelor's degree education can earn an average salary of 239,300 NIO.

  • Master's Degree. A Sponsorship Consultant in Nicaragua with a master's degree education can earn an average salary of 292,000 NIO.

Average Salary by Education Chart

High School
151,800 NIO
Certificate or Diploma +14%
172,200 NIO
Bachelor's Degree +41%
239,300 NIO
Master's Degree +21%
292,000 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.

Sponsorship Consultant 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 sponsorship consultant will earn an average of 218,900 NIO, while a female sponsorship consultant will earn around 204,700 NIO.

This means that a male sponsorship consultant earns approximately 7% more than a female sponsorship consultant for performing the same job.

Average Salary by Gender Chart in Nicaragua

Male
218,900 NIO
Female -7%
204,700 NIO

Sponsorship Consultant 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 Sponsorship Consultant in Nicaragua is around 8% every 28 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 = ( 8 ÷ 28 ) × 12  = 3%

What this means is that a Sponsorship Consultant 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%

Sponsorship Consultant 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 Sponsorship Consultant is a low bonus based job, with 35% of employees reporting at least one bonus in the last 12 months.

65% 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 5%.

Received Bonus
35%
No Bonus
65%

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 Sponsorship Consultant

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

Job Title Category Salary
Account Handler Marketing 175,900 NIO
Affiliate Manager Marketing 240,500 NIO
Analytics Specialist Marketing 172,200 NIO
Assistant Brand Manager Marketing 263,900 NIO
Assistant Product Manager Marketing 288,100 NIO
Associate Marketing Manager Marketing 277,400 NIO
Associate Product Manager Marketing 273,300 NIO
Brand Ambassador Marketing 352,000 NIO
Brand Director Marketing 420,100 NIO
Brand Executive Marketing 353,600 NIO
Brand Manager Marketing 361,500 NIO
Business Analytics Specialist Marketing 181,600 NIO
Business Channel Manager Marketing 252,300 NIO
Business Intelligence Team Leader Marketing 273,000 NIO
Campaign Specialist Marketing 231,000 NIO
Chief Marketing Officer Marketing 385,300 NIO
Chief Product Officer Marketing 378,300 NIO
Communications Officer Marketing 119,080 NIO
Content Manager Marketing 207,800 NIO
Content Marketing Strategist Marketing 233,900 NIO
Copy Editer Marketing 151,800 NIO
Copy Writer Marketing 142,300 NIO
Creative Marketing Lead Marketing 233,600 NIO
Creative Writer Marketing 152,300 NIO
Digital Marketer Marketing 212,500 NIO
Digital Marketing Manager Marketing 294,700 NIO
Digital Marketing Strategist Marketing 301,700 NIO
Digital Media Specialist Marketing 266,000 NIO
Director of Marketing Marketing 392,300 NIO
Director of Research Marketing 288,100 NIO
eMarketing Manager Marketing 312,400 NIO
Event Marketing Marketing 301,300 NIO
Head of Executive Search Marketing 340,400 NIO
Key Affiliate Manager Marketing 297,000 NIO
Localization Manager Marketing 263,900 NIO
Market Development Executive Marketing 307,400 NIO
Market Development Manager Marketing 308,900 NIO
Market Research Analyst Marketing 265,000 NIO
Market Research Manager Marketing 275,800 NIO
Market Segmentation Director Marketing 294,700 NIO
Marketing Account Supervisor Marketing 245,300 NIO
Marketing Administrator Marketing 201,100 NIO
Marketing Advisor Marketing 238,900 NIO
Marketing Analyst Marketing 245,300 NIO
Marketing and Communications Officer Marketing 146,200 NIO
Marketing and Sales Head Marketing 394,500 NIO
Marketing Assistant Marketing 128,500 NIO
Marketing Associate Marketing 128,500 NIO
Marketing Communications Manager Marketing 275,500 NIO
Marketing Consultant Marketing 294,700 NIO
Marketing Coordinator Marketing 123,400 NIO
Marketing Director Marketing 413,900 NIO
Marketing Distribution Executive Marketing 301,800 NIO
Marketing Executive Marketing 325,900 NIO
Marketing Manager Marketing 421,400 NIO
Marketing Officer Marketing 139,100 NIO
Marketing Segment Manager Marketing 288,700 NIO
Marketing Specialist Marketing 194,600 NIO
Marketing Supervisor Marketing 228,000 NIO
Marketing Vice President Marketing 325,600 NIO
Marketing Writer Marketing 151,800 NIO
Online Marketing Analyst Marketing 209,500 NIO
Online Marketing Manager Marketing 275,500 NIO
Optimization Manager Marketing 254,700 NIO
Outbound Sales Marketing 189,300 NIO
Outreach Coordinator Marketing 169,000 NIO
Outreach Specialist Marketing 209,700 NIO
Product Development Marketing 267,100 NIO
Product Manager Marketing 314,500 NIO
Product Marketing Engineer Marketing 168,100 NIO
Product Marketing Executive Marketing 301,300 NIO
Product Marketing Manager Marketing 307,400 NIO
Product Researcher Marketing 161,600 NIO
Product Strategist Marketing 243,000 NIO
Product Strategy Researcher Marketing 221,500 NIO
Product Training Specialist Marketing 196,800 NIO
Project Manager Marketing 233,600 NIO
Publications Coordinator Marketing 146,200 NIO
Research Executive Marketing 268,900 NIO
Sales and Marketing Assistant Marketing 117,380 NIO
Sales and Marketing Coordinator Marketing 128,900 NIO
Sales and Marketing Director Marketing 404,600 NIO
Sales Director Marketing 390,000 NIO
Sales Management Support Marketing 136,200 NIO
Sales Manager Marketing 367,900 NIO
Search Marketing Strategist Marketing 318,800 NIO
Social Media Administrator Marketing 225,700 NIO
Social Media Specialist Marketing 222,300 NIO
Spaceman Analyst Marketing 115,620 NIO
Team Leader Marketing 225,700 NIO
Telemarketer Marketing 112,760 NIO
Trade Marketing Executive Marketing 309,800 NIO
Trade Marketing Manager Marketing 299,500 NIO
Trade Marketing Professional Marketing 249,600 NIO
Trade Marketing Specialist Marketing 172,200 NIO
Web Analytics Manager Marketing 258,400 NIO
Web Content Manager Marketing 240,500 NIO

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