Contracts Specialist Average Salary in Cancun 2024
How much money does a person working as Contracts Specialist make in Cancun?
LOW
19,200
MXN AVERAGE
36,900
MXN HIGH
56,500
MXN
A person working as Contracts Specialist in Cancun typically earns around 36,900 MXN. Salaries range from 19,200 MXN (lowest) to 56,500 MXN (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Contracts Specialist salaries in Cancun vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Contracts Specialist Pay Scale and Salaries in Cancun
Salary Structure and Pay Scale Comparison
33,400 MXN or more
29,800 to 33,400 MXN
21,700 MXN or less
21,700 to 29,800 MXN
 19,200 MXN |
33,600 MXN |
56,500 MXN |
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 Contracts Specialist in Cancun range from 19,200 MXN (starting salary) to 56,500 MXN (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 33,600 MXN, half of the professionals who work as Contracts Specialist in Cancun 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 Contracts Specialist in Cancun earn less than 27,900 MXN, while 75% earn more. Similarly, the chart shows that 75% earn less than 38,100 MXN 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 Contracts Specialist in Cancun compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 21,700 MXN to 29,800 MXN. About 20% of salaries are below the 21,700 MXN mark, while 10% fall within the range of 29,800 MXN to 33,400 MXN. Only 5% of individuals have salaries exceeding 33,400 MXN.
Salary Comparison by Years of Experience / Contracts Specialist / Cancun
How do experience and age affect pay?
| 0 - 2 Years | 21,800 MXN | |
| 2 - 5 Years | +34% | 29,300 MXN |
| 5 - 10 Years | +30% | 38,000 MXN |
| 10 - 15 Years | +21% | 46,100 MXN |
| 15 - 20 Years | +9% | 50,400 MXN |
| 20+ Years | +5% | 53,000 MXN |
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 Contracts Specialist and this is what we found.
Employees with less than two years of experience earn approximately 21,800 MXN.
While someone with an experience level between two and five years is expected to earn 29,300 MXN, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 38,000 MXN, 30% 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 46,100 MXN, 21% 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 50,400 MXN, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 53,000 MXN, 5% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Contracts Specialist / Cancun
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Contracts Specialist.
| High School | 26,300 MXN | |
| Certificate or Diploma | +14% | 30,000 MXN |
| Bachelor's Degree | +41% | 42,300 MXN |
| Master's Degree | +21% | 51,300 MXN |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Contracts Specialist in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 26,300 MXN.
Level 2: Certificate or Diploma
At this level, the average salary becomes 30,000 MXN, 14% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 42,300 MXN, 41% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 51,300 MXN, 21% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Mexico costs anywhere from 167,000 MXN to 500,000 MXN and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Contracts Specialist / Cancun
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 Contracts Specialist in Mexico, the average difference between the salary of male and female employees is 8%.
| Male | 30,800 MXN | |
| Female | -7% | 28,500 MXN |
Salary Comparison By Gender in Mexico for all Careers
Average Annual Salary Increment Percentage / Contracts Specialist / Cancun
How much are annual salary increments in Cancun for individuals working as Contracts Specialist? How often do employees get salary raises?
Individuals working as Contracts Specialist in Mexico are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
Mexico / 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 / Contracts Specialist / Mexico
How much and how often are bonuses being awarded?
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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 / Contracts Specialist / Cancun
210 MXN per hourThe average hourly wage (pay per hour) for individuals working as Contracts Specialist in Cancun is 210 MXN.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 Contracts Specialist in Cancun is 110 MXN. 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 |
| Purchasing and Inventory |  -100% | |
| Asset Management Associate | 36,300 MXN | -2% |
| Asset Protection Associate | 33,700 MXN | -9% |
| Asset Protection Specialist | 36,200 MXN | -2% |
| Assistant Buyer | 31,400 MXN | -15% |
| Buyer | 53,900 MXN |  +46% |
| Capacity Planner | 39,500 MXN | +7% |
| Category Leader | 35,800 MXN | -3% |
| Category Management Specialist | 37,400 MXN | +1% |
| Category Manager | 41,300 MXN | +12% |
| Channel Services Representative | 39,300 MXN | +6% |
| Contracts Manager | 42,000 MXN | +14% |
| Contracts Specialist | 36,900 MXN | -0% |
| Demand Planner | 40,200 MXN | +9% |
| Demand Planning Manager | 46,800 MXN | +27% |
| Digital Procurement Manager | 41,300 MXN | +12% |
| Distribution Assistant | 32,700 MXN | -11% |
| Distribution Associate | 30,500 MXN | -17% |
| Distribution Manager | 71,800 MXN | +94% |
| E-Commerce Buyer | 37,200 MXN | +1% |
| E-procurement Specialist | 43,200 MXN | +17% |
| Freight and Customs Compliance Manager | 44,900 MXN | +22% |
| Green Procurement Specialist | 39,500 MXN | +7% |
| Inventory Analyst | 35,700 MXN | -3% |
| Inventory Analytics Manager | 34,500 MXN | -7% |
| Inventory Control Clerk | 18,000 MXN | -51% |
| Inventory Control Manager | 46,500 MXN | +26% |
| Inventory Management Associate | 38,200 MXN | +3% |
| Inventory Optimization Manager | 42,900 MXN | +16% |
| Inventory Specialist | 33,800 MXN | -8% |
| Logistics Automation Engineer | 37,100 MXN | +0% |
| Logistics Engineer | 32,800 MXN | -11% |
| Master Planner | 33,900 MXN | -8% |
| Material Handler | 22,500 MXN | -39% |
| Material Planning Specialist | 29,100 MXN | -21% |
| Merchandise Manager | 41,000 MXN | +11% |
| Procurement Administrator | 41,600 MXN | +13% |
| Procurement Agent | 28,900 MXN | -22% |
| Procurement Analyst | 46,400 MXN | +26% |
| Procurement Assistant | 26,600 MXN | -28% |
| Procurement Associate | 36,100 MXN | -2% |
| Procurement Clerk | 16,400 MXN | -56% |
| Procurement Engineer | 34,200 MXN | -7% |
| Procurement Manager | 71,300 MXN | +93% |
| Procurement Officer | 17,200 MXN | -53% |
| Procurement Process Analyst | 42,800 MXN | +16% |
| Procurement Risk Manager | 41,700 MXN | +13% |
| Procurement Specialist | 34,500 MXN | -7% |
| Procurement Technology Consultant | 42,900 MXN | +16% |
| Production Planner | 38,900 MXN | +5% |
| Project Buyer | 43,800 MXN | +19% |
| Purchaser | 52,500 MXN | +42% |
| Purchasing Agent | 30,400 MXN | -18% |
| Purchasing Assistant | 19,100 MXN | -48% |
| Purchasing Manager | 70,700 MXN | +91% |
| Purchasing Officer | 31,800 MXN | -14% |
| Purchasing Supervisor | 48,300 MXN | +31% |
| Shipping and Receiving Clerk | 17,400 MXN | -53% |
| Shipping Coordinator | 35,400 MXN | -4% |
| Stock Clerk | 19,000 MXN | -49% |
| Stock Regulator | 21,900 MXN | -41% |
| Storage Manager | 42,900 MXN | +16% |
| Store Keeper | 18,400 MXN | -50% |
| Stores and Logistics Coordinator | 38,000 MXN | +3% |
| Strategic Sourcing Analyst | 47,500 MXN | +29% |
| Supplier Diversity Program Manager | 45,700 MXN | +24% |
| Supplier Relationship Manager | 49,300 MXN | +33% |
| Supply Chain Analyst | 52,700 MXN | +43% |
| Supply Chain Coordinator | 37,200 MXN | +1% |
| Supply Chain Development Manager | 66,400 MXN | +80% |
| Supply Chain Director | 76,500 MXN | +110% |
| Supply Chain Manager | 74,700 MXN | +100% |
| Supply Planner | 35,100 MXN | -5% |
| Sustainability Procurement Specialist | 48,200 MXN | +30% |
| Sustainable Sourcing Specialist | 36,600 MXN | -1% |
| Sustainable Supply Chain Manager | 55,000 MXN | +49% |
| Third Party Logistics Manager | 56,700 MXN | +54% |
| Vendor Management Specialist | 49,100 MXN | +33% |
| Warehouse Assistant | 13,800 MXN | -63% |
| Warehouse Automation Engineer | 34,900 MXN | -6% |
| Warehouse Clerk | 15,400 MXN | -58% |
| Warehouse Executive | 58,300 MXN | +58% |
| Warehouse Lead | 39,900 MXN | +8% |
| Warehouse Manager | 62,200 MXN | +68% |
| Warehouse Supervisor | 42,900 MXN | +16% |
| Wholesale Buyer | 56,300 MXN | +52% |
Salary Comparison By City
| City | Average Salary |
| Cancun | 36,900 MXN |
| Guadalajara | 39,100 MXN |
| Mexico City | 40,600 MXN |
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 Mexico is 9% on average across all career fields.
| Private Sector | 32,000 MXN | |
| Public Sector | +9% | 34,800 MXN |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Contracts Specialist in Cancun?
A good and competitive compensation would range anywhere between 33,600 MXN and 38,100 MXN. 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 Contracts Specialist in Cancun ranges from 19,200 MXN to 27,900 MXN. 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
