Information Technology Product Manager Average Salary in Cancun 2024
How much money does a person working as Information Technology Product Manager make in Cancun?
LOW
29,000
MXN AVERAGE
55,900
MXN HIGH
85,500
MXN
A person working as Information Technology Product Manager in Cancun typically earns around 55,900 MXN. Salaries range from 29,000 MXN (lowest) to 85,500 MXN (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Information Technology Product Manager salaries in Cancun vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Information Technology Product Manager Pay Scale and Salaries in Cancun
Salary Structure and Pay Scale Comparison
50,600 MXN or more
45,100 to 50,600 MXN
32,900 MXN or less
32,900 to 45,100 MXN
 29,000 MXN |
50,800 MXN |
85,500 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 Information Technology Product Manager in Cancun range from 29,000 MXN (starting salary) to 85,500 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 50,800 MXN, half of the professionals who work as Information Technology Product Manager 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 Information Technology Product Manager in Cancun earn less than 42,100 MXN, while 75% earn more. Similarly, the chart shows that 75% earn less than 57,600 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 Information Technology Product Manager in Cancun compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 32,900 MXN to 45,100 MXN. About 20% of salaries are below the 32,900 MXN mark, while 10% fall within the range of 45,100 MXN to 50,600 MXN. Only 5% of individuals have salaries exceeding 50,600 MXN.
Salary Comparison by Years of Experience / Information Technology Product Manager / Cancun
How do experience and age affect pay?
| 0 - 2 Years | 33,000 MXN | |
| 2 - 5 Years | +34% | 44,300 MXN |
| 5 - 10 Years | +30% | 57,500 MXN |
| 10 - 15 Years | +21% | 69,700 MXN |
| 15 - 20 Years | +9% | 76,200 MXN |
| 20+ Years | +5% | 80,100 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 Information Technology Product Manager and this is what we found.
Employees with less than two years of experience earn approximately 33,000 MXN.
While someone with an experience level between two and five years is expected to earn 44,300 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 57,500 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 69,700 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 76,200 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 80,100 MXN, 5% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Information Technology Product Manager / Cancun
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Information Technology Product Manager.
| Certificate or Diploma | 39,200 MXN | |
| Bachelor's Degree | +52% | 59,500 MXN |
| Master's Degree | +42% | 84,300 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 Information Technology Product Manager in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 39,200 MXN.
Level 2: Bachelor's Degree
At this level, the average salary becomes 59,500 MXN, 52% more than the previous level.
Level 3: Master's Degree
At this level, the average salary becomes 84,300 MXN, 42% 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 / Information Technology Product Manager / 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 Information Technology Product Manager in Mexico, the average difference between the salary of male and female employees is 14%.
| Male | 51,100 MXN | |
| Female | -12% | 44,700 MXN |
Salary Comparison By Gender in Mexico for all Careers
Average Annual Salary Increment Percentage / Information Technology Product Manager / Cancun
How much are annual salary increments in Cancun for individuals working as Information Technology Product Manager? How often do employees get salary raises?
Individuals working as Information Technology Product Manager 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 / Information Technology Product Manager / Mexico
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/mexico/information-technology/it-management/information-technology-product-manager/annual-salary-bonus-rate-mexico-information-technology-product-manager.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 / Information Technology Product Manager / Cancun
320 MXN per hourThe average hourly wage (pay per hour) for individuals working as Information Technology Product Manager in Cancun is 320 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 Information Technology Product Manager in Cancun is 170 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 |
| Information Technology |  -100% | |
| Assistant Information Technology Manager | 47,700 MXN | -15% |
| Assistant Information Technology Project Manager | 44,800 MXN | -20% |
| Assistant Service Delivery Manager | 45,100 MXN | -19% |
| Capacity Planning Manager | 53,800 MXN | -4% |
| Chief Artificial Intelligence Officer | 60,700 MXN |  +9% |
| Chief Cloud Officer | 60,100 MXN | +8% |
| Chief Data Governance Officer | 57,300 MXN | +3% |
| Chief Data Officer | 59,000 MXN | +6% |
| Chief Digital Ethics Officer | 51,200 MXN | -8% |
| Chief Digital Officer | 59,700 MXN | +7% |
| Chief Information Officer | 65,200 MXN | +17% |
| Chief Innovation Officer | 52,300 MXN | -6% |
| Chief Privacy Officer | 48,500 MXN | -13% |
| Client Delivery Manager | 51,900 MXN | -7% |
| Cloud-Based Inventory Manager | 44,100 MXN | -21% |
| Data Governance Manager | 52,300 MXN | -6% |
| Data Privacy and Protection Manager | 50,200 MXN | -10% |
| Delivery Manager | 39,100 MXN | -30% |
| Development Architect | 38,500 MXN | -31% |
| Development Group Supervisor | 40,500 MXN | -27% |
| Development Manager | 52,100 MXN | -7% |
| Director of Technology | 68,900 MXN | +23% |
| Enterprise Architecture Manager | 47,900 MXN | -14% |
| Enterprise Infrastructure Manager | 59,500 MXN | +7% |
| ERP Project Manager | 52,800 MXN | -5% |
| Financial Systems Manager | 58,100 MXN | +4% |
| Hardware Engineering Manager | 58,400 MXN | +5% |
| Head of Development | 52,100 MXN | -7% |
| Head of Information Technology | 66,400 MXN | +19% |
| Helpdesk Manager | 44,600 MXN | -20% |
| Information Systems Manager | 58,400 MXN | +5% |
| Information Technology Asset Manager | 53,900 MXN | -4% |
| Information Technology Compliance Manager | 57,500 MXN | +3% |
| Information Technology Director | 65,500 MXN | +17% |
| Information Technology Executive | 54,500 MXN | -2% |
| Information Technology Manager | 63,500 MXN | +14% |
| Information Technology Operations Manager | 63,800 MXN | +14% |
| Information Technology Product Manager | 55,900 MXN | +0% |
| Information Technology Project Coordinator | 40,100 MXN | -28% |
| Information Technology Project Leader | 47,000 MXN | -16% |
| Information Technology Project Manager | 61,100 MXN | +9% |
| Information Technology Quality Assurance Manager | 47,500 MXN | -15% |
| Information Technology Quality Assurance Team Lead (QA) | 41,500 MXN | -26% |
| Information Technology Risk Manager | 61,700 MXN | +10% |
| Information Technology Sales Manager | 55,100 MXN | -1% |
| Information Technology Team Leader | 47,100 MXN | -16% |
| Interface Design Manager | 50,800 MXN | -9% |
| Major Incident Manager | 45,400 MXN | -19% |
| Multimedia Services Manager | 42,900 MXN | -23% |
| Network Administration Team Lead | 46,000 MXN | -18% |
| Network and Infrastructure Manager | 61,600 MXN | +10% |
| Service Delivery Manager | 47,800 MXN | -14% |
| Service Level Manager | 51,900 MXN | -7% |
| Service Support Lead | 37,100 MXN | -34% |
| SOC Engineer | 37,900 MXN | -32% |
| Supervisor | 26,600 MXN | -52% |
| Support Team Leader | 37,200 MXN | -33% |
| Technical Manager | 43,400 MXN | -22% |
| Technical Project Manager | 50,800 MXN | -9% |
| Technology Director | 66,000 MXN | +18% |
| Technology Vice President | 50,800 MXN | -9% |
| Virtual / Augmented Reality Director | 52,200 MXN | -7% |
Salary Comparison By City
| City | Average Salary |
| Cancun | 55,900 MXN |
| Guadalajara | 61,300 MXN |
| Mexico City | 62,400 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 Information Technology Product Manager in Cancun?
A good and competitive compensation would range anywhere between 50,800 MXN and 57,600 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 Information Technology Product Manager in Cancun ranges from 29,000 MXN to 42,100 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
