Medical Director Average Salary in Bogota 2024
How much money does a person working as Medical Director make in Bogota?
LOW
6,370,000
COP AVERAGE
12,000,000
COP HIGH
18,300,000
COP
A person working as Medical Director in Bogota typically earns around 12,000,000 COP. Salaries range from 6,370,000 COP (lowest) to 18,300,000 COP (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Medical Director salaries in Bogota vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Medical Director Pay Scale and Salaries in Bogota
Salary Structure and Pay Scale Comparison
10,800,000 COP or more
9,650,000 to 10,800,000 COP
7,110,000 COP or less
7,110,000 to 9,650,000 COP
 6,370,000 COP |
10,800,000 COP |
18,300,000 COP |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Medical Director in Bogota range from 6,370,000 COP (starting salary) to 18,300,000 COP (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 10,800,000 COP, half of the professionals who work as Medical Director in Bogota earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Medical Director in Bogota earn less than 9,030,000 COP, while 75% earn more. Similarly, the chart shows that 75% earn less than 12,300,000 COP while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Medical Director in Bogota compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 7,110,000 COP to 9,650,000 COP. About 20% of salaries are below the 7,110,000 COP mark, while 10% fall within the range of 9,650,000 COP to 10,800,000 COP. Only 5% of individuals have salaries exceeding 10,800,000 COP.
Salary Comparison by Years of Experience / Medical Director / Bogota
How do experience and age affect pay?
| 0 - 2 Years | 7,320,000 COP | |
| 2 - 5 Years | +23% | 8,990,000 COP |
| 5 - 10 Years | +42% | 12,700,000 COP |
| 10 - 15 Years | +17% | 14,900,000 COP |
| 15 - 20 Years | +10% | 16,400,000 COP |
| 20+ Years | +6% | 17,300,000 COP |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Medical Director and this is what we found.
Employees with less than two years of experience earn approximately 7,320,000 COP.
While someone with an experience level between two and five years is expected to earn 8,990,000 COP, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 12,700,000 COP, 42% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 14,900,000 COP, 17% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 16,400,000 COP, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 17,300,000 COP, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary and Compensation Comparison By Gender / Medical Director / Bogota
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Medical Director in Colombia, the average difference between the salary of male and female employees is 14%.
| Male | 11,100,000 COP | |
| Female | -12% | 9,740,000 COP |
Salary Comparison By Gender in Colombia for all Careers
Average Annual Salary Increment Percentage / Medical Director / Bogota
How much are annual salary increments in Bogota for individuals working as Medical Director? How often do employees get salary raises?
Individuals working as Medical Director in Colombia are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 7% granted to employees every 19 months.
Colombia / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Medical Director / Colombia
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/colombia/health-and-medical/healthcare-management/medical-director/annual-salary-bonus-rate-colombia-medical-director.jpg
100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Medical Director / Bogota
69,400 COP per hourThe average hourly wage (pay per hour) for individuals working as Medical Director in Bogota is 69,400 COP.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Medical Director in Bogota is 36,800 COP. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Health and Medical |  -100% | |
| Administrative Director | 9,250,000 COP | -23% |
| Admitting Clerk | 1,770,000 COP | -85% |
| Admitting Manager | 5,200,000 COP | -57% |
| Admitting Representative | 2,440,000 COP | -80% |
| Breast Center Manager | 15,600,000 COP |  +30% |
| Cardiology Manager | 15,600,000 COP | +30% |
| Care Coordinator | 2,380,000 COP | -80% |
| Certified Medical Assistant | 3,080,000 COP | -74% |
| Chief Clinical Transformation Officer | 8,810,000 COP | -27% |
| Chief Genomics Officer | 11,700,000 COP | -3% |
| Chief Mental Health Officer | 14,500,000 COP | +21% |
| Chief Neurotechnology Officer | 15,000,000 COP | +25% |
| Chief of Psychology | 16,200,000 COP | +35% |
| Chief Population Health Officer | 11,500,000 COP | -4% |
| Clinical Director | 14,100,000 COP | +17% |
| Clinical Policy Developer | 4,460,000 COP | -63% |
| Coding Practice Manager | 5,950,000 COP | -51% |
| Community Organizer | 2,730,000 COP | -77% |
| Community Relations Manager | 5,330,000 COP | -56% |
| Credentialing Analyst | 4,180,000 COP | -65% |
| Data Coordinator | 2,240,000 COP | -81% |
| Director of Medical Staff Services | 9,270,000 COP | -23% |
| Discharge Coordinator | 2,180,000 COP | -82% |
| Emergency Management Director | 12,600,000 COP | +5% |
| Emergency Services Director | 13,200,000 COP | +10% |
| ER Registration Supervisor | 3,200,000 COP | -73% |
| Food Services Director | 6,090,000 COP | -49% |
| Health Compliance Director | 12,100,000 COP | +1% |
| Health Compliance Manager | 7,830,000 COP | -35% |
| Health Data Privacy Officer | 5,890,000 COP | -51% |
| Health Economist | 11,800,000 COP | -2% |
| Health Information Management Specialist | 4,400,000 COP | -63% |
| Health Information Manager | 6,370,000 COP | -47% |
| Health Services Manager | 10,900,000 COP | -9% |
| Health Technology Consultant | 5,840,000 COP | -51% |
| Healthcare Analytics Manager | 6,560,000 COP | -45% |
| HealthTech Regulatory Consultant | 4,940,000 COP | -59% |
| Home Health Scheduler | 2,870,000 COP | -76% |
| Intake Coordinator | 2,380,000 COP | -80% |
| Lead Patient Account Representative | 4,620,000 COP | -62% |
| Managed Care Assistant | 2,560,000 COP | -79% |
| Maternity Services Director | 11,100,000 COP | -8% |
| Medical Administrator | 5,820,000 COP | -52% |
| Medical Assistant | 2,780,000 COP | -77% |
| Medical Billing Clerk | 2,220,000 COP | -82% |
| Medical Billing Specialist | 4,630,000 COP | -61% |
| Medical Director | 12,000,000 COP | -0% |
| Medical Equipment Maintenance Manager | 4,880,000 COP | -59% |
| Medical Insurance Manager | 8,770,000 COP | -27% |
| Medical Office Administrator | 4,770,000 COP | -60% |
| Medical Office Manager | 8,460,000 COP | -30% |
| Medical Policy Manager | 7,380,000 COP | -39% |
| Medical Policy Specialist | 4,490,000 COP | -63% |
| Medical Project Coordinator | 3,100,000 COP | -74% |
| Medical Records Administrator | 3,320,000 COP | -72% |
| Medical Records Clerk | 1,620,000 COP | -87% |
| Medical Records Coding Manager | 5,990,000 COP | -50% |
| Medical Records Director | 6,890,000 COP | -43% |
| Medical Records Specialist | 3,140,000 COP | -74% |
| Medical Records Transcriptionist | 2,510,000 COP | -79% |
| Medical Secretary | 2,610,000 COP | -78% |
| Medical Staff Services Specialist | 5,360,000 COP | -55% |
| Patient Account Represenatative | 3,980,000 COP | -67% |
| Population Health Manager | 8,550,000 COP | -29% |
| Practice Manager | 10,200,000 COP | -15% |
| Program Coordinator | 2,390,000 COP | -80% |
| Project Manager | 5,990,000 COP | -50% |
| Quality Assurance Manager | 7,210,000 COP | -40% |
| Radiology Manager | 13,000,000 COP | +8% |
| Registered Medical Assistant | 2,760,000 COP | -77% |
| Rehabilitation Director | 11,800,000 COP | -2% |
| Rehabilitation Services Manager | 13,100,000 COP | +9% |
| Treatment Services Director | 15,300,000 COP | +27% |
| Ward Manager | 7,220,000 COP | -40% |
Salary Comparison By City
| City | Average Salary |
| Bogota | 12,000,000 COP |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Colombia is 11% on average across all career fields.
| Private Sector | 4,410,000 COP | |
| Public Sector | +11% | 4,900,000 COP |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Medical Director in Bogota?
A good and competitive compensation would range anywhere between 10,800,000 COP and 12,300,000 COP. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Medical Director in Bogota ranges from 6,370,000 COP to 9,030,000 COP. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
