Average Territory Manager Salary in Cusco, Peru for 2024
In this article, we will look at the average Territory Manager salary for 2024 in Cusco 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 Peruvian sol. To keep things simple, we are using the PEN currency code instead of the currency symbol S/ .
How Much Does a Territory Manager Make in Cusco?
A Territory Manager working in Cusco will typically earn around 124,400 PEN per year, and this can range from the lowest average salary of about 56,640 PEN to the highest average salary of 197,600 PEN.
These are average salaries for a Territory Manager in Cusco and include benefits such as housing and transport. It's also possible for a Territory Manager to earn more or less than the average salaries shown above.
Territory 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 Territory Manager Salaries in Cusco
So we've looked at the average salaries a Territory Manager will earn in Cusco. The next interesting data point is the distribution of salaries.
Salary ranges
We already know that a Territory Manager can earn between 56,640 PEN and 197,600 PEN on average in Cusco. 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 Territory Manager in Cusco is 136,100 PEN. This is the middle value in the distribution of salaries.
What this means is that approximately 50% of the population earn less than 136,100 PEN, and 50% of the population earn more than 136,100 PEN.
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 Territory Manager salary in Cusco, 25% of the population are earning less than 84,560 PEN while 75% of the population earn more than 84,560 PEN.
75% of the population earn less than 180,300 PEN, and 25% of the population earn more than 180,300 PEN.
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.
Territory Manager Salary by Experience Level in Cusco
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 territory 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 Territory Manager in Cusco that has less than two years of experience can expect to earn somewhere in the region of 66,820 PEN.
- 2 - 5 Years Experience. With two to five years of experience the average Territory Manager salary would increase to 85,760 PEN.
- 5 - 10 Years Experience. From five to ten years of experience as a Territory Manager, the average salary would be 129,000 PEN.
- 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 157,600 PEN.
- 15 - 20 Years Experience. A Territory Manager with 15 to 20 years of experience can earn an average of 172,200 PEN.
- 20+ Years Experience. For a Territory Manager with more than 20 years, the expected average salary increases to 185,100 PEN.
Average Salary by Experience Chart
0-2 Years |
66,820 PEN
|
|
2-5 Years | +34% |
85,760 PEN
|
5-10 Years | +48% |
129,000 PEN
|
10-15 Years | +22% |
157,600 PEN
|
15-20 Years | +9% |
172,200 PEN
|
20+ Years | +8% |
185,100 PEN
|
Territory Manager Salary by Education Level in Cusco
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 Territory Manager in Cusco based on the education level of the employees in order to find out whether a better education level would increase your salary.
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High School. A Territory Manager in Cusco with a high school education can earn an average salary of 80,580 PEN.
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Certificate or Diploma. A Territory Manager in Cusco with a certificate or diploma education can earn an average salary of 95,620 PEN.
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Bachelor's Degree. A Territory Manager in Cusco with a bachelor's degree education can earn an average salary of 136,200 PEN.
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Master's Degree. A Territory Manager in Cusco with a master's degree education can earn an average salary of 175,900 PEN.
Average Salary by Education Chart
High School |
80,580 PEN
|
|
Certificate or Diploma | +18% |
95,620 PEN
|
Bachelor's Degree | +45% |
136,200 PEN
|
Master's Degree | +31% |
175,900 PEN
|
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 Peru is around 37,700 to 113,000 PEN 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.
Territory 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 Cusco, a male territory manager will earn an average of 139,100 PEN, while a female territory manager will earn around 125,100 PEN.
This means that a male territory manager earns approximately 11% more than a female territory manager for performing the same job.
Average Salary by Gender Chart in Cusco
Male |
139,100 PEN
|
|
Female | -11% |
125,100 PEN
|
Territory Manager Average Pay Raise in Cusco
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 Territory Manager in Cusco is around 14% every 16 months.
The national average pay raise across all professions and industries in Peru is around 9% every 17 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 = ( 14 ÷ 16 ) × 12 = 11%
What this means is that a Territory Manager in Cusco can expect to receive an average pay raise of around 11% every 12 months.
Annual Pay Raise by Industry in Cusco for 2024
In the chart below, you can see the average annual pay raise percentages for each of the major industries in Peru.
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%
|
Territory Manager Bonus and Incentive Rates in Cusco
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 Territory Manager is a high bonus based job, with 83% of employees reporting at least one bonus in the last 12 months.
17% 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 |
83%
|
|
No Bonus |
17%
|
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 Peru earn approximately 10% more than private sector employees in the same role.
Public Sector |
93,880 PEN
|
|
Private Sector | -10% |
85,700 PEN
|
Salaries for Jobs Similar to a Territory Manager
In the table below, we have salary information for jobs that are similar to a Territory Manager in Cusco.
Salary Comparison by City
If you want to compare salaries with different cities in Peru, you can use the links below to explore the data for each specific city we have researched.
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