What is the Average Salary in Venezuela?
The average salary in Venezuela is 1,590,000 VES yearly. The salary ranges from 402,000 VES to 7,090,000 VES yearly. This wide distribution in salaries exists due to vastly different salary prospects in different careers.
Average Salary in Venezuela 2022:
|Less than 2 years||402,000 VES|
|More than 2 years||1,590,000 VES|
|More than 5 years||7,090,000 VES|
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Venezuela is a beautiful country with the world’s most breathtaking scenery, such as the Angel Falls and Orinoco, the second-longest river in the world. Venezuelan coastline along the Caribbean is also the longest in the world. Furthermore, Venezuela is also a tourist hub attracting holidaymakers from across the globe to relish the beauty of these wonders.
How Much Average Salary One Earns in Venezuela?
The cost of living in Venezuela is relative to the exchange rate that you follow. It has three exchange rates coupled with a black market rate. Venezuelan currency is called Venezuelan Bolivar. The average salary in Venezuela is 132000 VES per month; in US dollars, it amounts to $ 0.033. The minimum salary in Venezuela is 33500 VES ($0.0083).
When calculated into a yearly salary, a Venezuelan can earn 1,590,000 VES ($0.39) yearly. The lowest yearly salary can be as low as 402,000 VES ($0.10). But it can go as high as 7,090,000 VES ($1.76). This seems low from other countries’ standards. But it is pretty normal for Venezuelans. The person earning the above-mentioned average salary in Venezuela is also getting the perks such as housing, transport, and bonuses adjusted in this figure
Average Salary in Venezuela by Different Job Titles:
|Job Title||Average Salary|
|Accounting and Finance|
|Accounting Assistant||877,000 VES|
|Accounting Manager||2,360,000 VES|
|Chartered Accountant||1,430,000 VES|
|Corporate Treasurer||2,080,000 VES|
|Financial Analyst||2,050,000 VES|
|Financial Manager||3,150,000 VES|
|Internal Auditor||1,530,000 VES|
|Administration / Reception / Secretarial|
|Administrative Assistant||844,000 VES|
|Office Manager||1,340,000 VES|
|Advertising / Grapic Design / Events|
|Art Director||1,620,000 VES|
|Creative Director||1,530,000 VES|
|Graphic Designer||1,050,000 VES|
|Airlines / Aviation / Aerospace / Defense|
|Aerospace Engineer||2,080,000 VES|
|Air Traffic Controller||1,670,000 VES|
|Flight Attendant||1,080,000 VES|
|CAD Drafter||816,000 VES|
|Service Advisor||1,140,000 VES|
|Bank Branch Manager||3,010,000 VES|
|Business Analyst||2,060,000 VES|
|Business Development Manager||2,430,000 VES|
|Project Manager||1,730,000 VES|
|Care Giving and Child Care|
|Nursery Teacher||582,000 VES|
|Construction / Building / Installation|
|Civil Engineer||1,480,000 VES|
|Construction Project Manager||2,550,000 VES|
|Health and Safety Officer||684,000 VES|
|Customer Service and Call Center|
|Call Center Representative||582,000 VES|
|Customer Service Manager||2,130,000 VES|
|Customer Service Representative||612,000 VES|
|Electrical Engineer||1,580,000 VES|
|Mechanical Engineer||1,530,000 VES|
|Executive and Management|
|Chief Executive Officer||3,470,000 VES|
|Chief Financial Officer||3,350,000 VES|
|General Manager||2,760,000 VES|
|Food / Hospitality / Tourism / Catering|
|Executive Chef||1,120,000 VES|
|Hotel Manager||2,950,000 VES|
|Travel Agent||1,020,000 VES|
|Waiter / Waitress||527,000 VES|
|Health and Medical|
|Laboratory Technician||1,210,000 VES|
|Human Resources Manager||2,480,000 VES|
|Human Resources Officer||936,000 VES|
|Computer Technician||1,180,000 VES|
|Database Administrator||1,590,000 VES|
|Developer / Programmer||1,490,000 VES|
|Information Technology Manager||2,590,000 VES|
|Network Engineer||1,350,000 VES|
|Law Enforcement / Security / Fire|
|Police Officer||950,000 VES|
|Legal Assistant||874,000 VES|
|Media / Broadcasting / Arts / Entertainment|
|Pharmaceutical and Biotechnology|
|Biomedical Engineer||1,390,000 VES|
|Sales Retail and Wholesale|
|Sales Manager||2,870,000 VES|
|Sales Representative||1,010,000 VES|
|Teaching / Education|
|Elementary School Teacher||1,070,000 VES|
|Secondary School Teacher||1,240,000 VES|
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How Much Average Salary Do Other Countries Offer Compared to Venezuela?
In comparison to the average day’s wage in America, according to the fair labor standards in the US, the average minimum wage in the US is $7.25 (29222087.87 VES) per hour. It is almost equal to what most Venezuelans get in a month. The federal law decides the US average minimum wage.
Is it cheaper to live in Venezuela?
Not just in the US, the cost of living in Colombia is also much better than in Venezuela. Colombia is a country in South America, and it has an approximately 1,380 miles long porous border with Venezuela. The average salary in Colombia is around $326 per month, equating to 1313986295.85 VES. From an average Venezuelan income standard, it is a considerable amount.
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What Factors Affect The Average Salary in Venezuela?
The salary and the benefits vary considerably across different professions. Coupled with this, some other factors also influence the average Venezuelan income. They are mentioned below.
The experience of the employee is the first factor that impacts the average salary in Venezuela for an employee. A person with more than two years of experience gets a salary increment of 32%. As the experience increases, the salary also increases. On average, a person’s salary increases 100% after ten years of experience.
Ideally, gender should not impact the salary of a person. However, the glass ceiling is still very much a reality. In Venezuela, men earn an average higher salary than women. Men’s take-home salary is 7% more than that of women. This discrepancy is prevalent across all professions and fields.
The career field is another distinguishing factor affecting the average salary in Venezuela. Finance, architecture, sales, and business development are among the highest-paying careers in Venezuela.
How Much Is The Average Salary in Venezuela With Respect To Professions?
One of the factors to encourage your employees to perform better is by paying them better salaries. This has been the trend across all professions and countries. Some professions are more valuable than others. In Venezuela, the highest-paid profession includes surgeons and doctors with a salary range between 266,000 VES ($0.066 ) to 744,000 VES ($0.18 ).
This is simply because of the critical nature of their job. The second attractive profession is of judges due to the highly responsible job duties. They earn between 223,000 VES ($0.055 )to 625,000 VES ($0.16). The salaries of Chief Executive Officers are also high as one can expect. Their income ranges between 160,000 VES ($0.040) to 446,000 VES ($0.11). Their high salary is due to the high-risk factor linked with their work.
We often have this view that people related to academia are less paid. But in Venezuela, college professors’ salaries rank among the top salaries. They can earn between 128,000 VES($0.032 ) to 357,000 VES ($0.089) because of the high knowledge they possess and primarily because it is one of the prestigious professions.
Similarly, Pilots can earn an average salary of 201,500 VES ($0.050 ). They undergo rigorous training, and a huge risk factor is involved with their job. Marketing directors in Venezuela can make an average salary of 181,850 VES ($0.045). Their job involves generating new businesses and revenue for the company.
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Venezuela is a beautiful place on the face of this earth. However, people in Venezuela are not earning much compared to other countries. Most formal jobs in the country are supported by the minimum wage standards established in most countries around the world. However, minimum wage also protects ordinary people from workplace and employer abuse.
Average income is one of the indicators prompting about the living conditions of people in a country. Thus, one can judge that Venezuelans’ living standards are not very high.
Venezuela increases minimum wage, it’s $3.50 a month