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Average Salary in Montserrat 2024

How much money does a person working in Montserrat make?


Average Monthly Salary
2,730 XCD
( 32,700 XCD yearly)

LOW
690
XCD
AVERAGE
2,730
XCD
HIGH
12,100
XCD
All salary figures displayed here are per month except when noted otherwise.
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.

A person working in Montserrat typically earns around 2,730 XCD. Salaries range from 690 XCD (lowest average) to 12,100 XCD (highest average, actual maximum salary is higher).


Salary Variance

This is the average salary including housing, transport, and other benefits. Salaries in Montserrat vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.



Pay Scale and Salaries in Montserrat

Median and salary distribution Montserrat monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
5,050 XCD or more
10% of people earn
3,950 to 5,050 XCD
20% of people earn
1,540 XCD or less
65% of people earn
1,540 to 3,950 XCD
Minimum Salary
690 XCD
Median
2,320 XCD
Maximum
12,100 XCD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Montserrat range from 690 XCD (starting salary) to 12,100 XCD (maximum average salary, actual maximum is higher). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.

  • Median Salary

    The median salary is 2,320 XCD, which means that 50% of the population in Montserrat earns less than that while the other half earns more. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles and Salary Scale

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population in Montserrat earn less than 1,680 XCD while 75% of them earn more. Also from the diagram, 75% of the population earn less than 3,520 XCD while 25% earn more than that.

  • Pay Scale Structure

    We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights into how salaries are actually distributed in Montserrat. Around 65% of all reported figures are in the range 1,540 XCD to 3,950 XCD. Approximately 20% fall under the 1,540 XCD cap. Ten percent of wages are from 3,950 XCD to 5,050 XCD. Only 5% of people grossed 5,050 XCD or more.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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Salary is primarily determined by the level of experience one possesses, with higher levels of experience resulting in higher wages.

In Montserrat, employees with two to five years of experience typically earn an average of 32% more than entry-level and junior workers in all industries and fields.

Individuals with more than five years of experience tend to earn an average of 36% more than those with less than five years of experience.

After ten years of work, salaries increase by 21%, with an additional 14% increase for those who have worked for over 15 years.

These figures should be used as rough estimates, as considering individual job titles can lead to more accurate assessments.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

The correlation between higher education and higher salary is widely acknowledged, but how much of an income increase can one expect from obtaining a degree?

We conducted a study in Montserrat comparing the salaries of professionals with different levels of college degrees who held similar positions in various industries.

Our results showed that individuals with a certificate or diploma earned an average of 17% more than those who only completed high school.

Those who obtained a Bachelor's Degree earned 24% more than their counterparts with a certificate or diploma.

Professionals with a Master's Degree earned 29% more than those with a Bachelor's Degree.

Finally, those who held a PhD earned an average of 23% more than those with a Master's Degree while performing the same job.


Is investing in a Master's degree or an MBA worth it? Is pursuing higher education worth the investment?

Earning a Master's degree or any post-graduate qualification in Montserrat is a substantial financial commitment, with tuition fees ranging from 13,600 XCD to 40,900 XCD and a duration of around two years. It's important to note that during this period, any salary increases are unlikely, assuming ongoing employment. Salary reviews are typically conducted after completing the program and obtaining the degree.

Many individuals pursue advanced education as a means of transitioning to higher-paying positions, and the statistics indicate that this is an effective strategy. On average, individuals who change jobs after earning a higher degree receive a salary increase of about 10% more than the typical annual raise.

Ultimately, deciding whether or not to pursue advanced education depends on a variety of factors, including the personal situation and experience. However, if one can afford the financial costs of obtaining a higher degree, the return on investment is likely to be worthwhile, with the ability to recoup the costs in approximately a year.



Salary and Compensation Comparison By Gender / Montserrat

Salary comparison by gender Montserrat monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In Montserrat, the average difference between the salary of male and female employees is 9% across all career fields.

Male
2,820 XCD
Female-8%
2,590 XCD
Percentage increase and decrease are relative to the previous value


Average Annual Salary Increment Percentage in Montserrat

How much are annual salary increments in Montserrat? How often do employees get salary raises?

Montserrat

Employees in Montserrat are likely to observe a salary increase of approximately 4% every 29 months.

Annual Salary Increment Rate Montserrat
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

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

The average salary increase in one year (12 months) in Montserrat is 2%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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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 in Montserrat

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Montserrat
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69% of surveyed staff in Montserrat reported that they haven't received any bonuses or incentives in the previous year while 31% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 4% to 5% of their annual salary.

Received Bonus
31%
No Bonus
69%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, 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 Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These 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.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting 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:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

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.

Salaries for popular jobs. Salaries by occupations.

Job TitleAverage Salary
Accounting and Finance
Accountant1,790 XCD
Accounting Assistant1,470 XCD
Accounting Manager4,040 XCD
Bookkeeper1,210 XCD
Chartered Accountant2,510 XCD
Corporate Treasurer3,490 XCD
Financial Analyst3,570 XCD
Financial Manager5,170 XCD
Internal Auditor2,480 XCD

Administration / Reception / Secretarial
Administrative Assistant1,470 XCD
Office Manager2,400 XCD
Receptionist1,050 XCD
Secretary1,220 XCD

Advertising / Graphic Design / Events
Art Director2,790 XCD
Creative Director2,560 XCD
Graphic Designer1,670 XCD
Photographer1,460 XCD

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer3,590 XCD
Air Traffic Controller2,920 XCD
Flight Attendant1,910 XCD
Pilot4,440 XCD

Architecture
Architect3,310 XCD
CAD Drafter1,380 XCD

Automotive
Mechanic970 XCD
Service Advisor1,950 XCD

Banking
Bank Branch Manager4,950 XCD
Teller1,040 XCD

Bilingual
Teacher2,030 XCD
Translator2,510 XCD

Business Planning
Business Analyst3,520 XCD
Business Development Manager4,070 XCD
Project Manager3,110 XCD

Care Giving and Child Care
Nanny1,140 XCD
Nursery Teacher1,010 XCD

Construction / Building / Installation
Civil Engineer2,400 XCD
Construction Project Manager4,270 XCD
Health and Safety Officer1,160 XCD

Customer Service and Call Center
Call Center Representative1,010 XCD
Customer Service Manager3,640 XCD
Customer Service Representative1,060 XCD

Engineering
Electrical Engineer2,650 XCD
Engineer2,530 XCD
Mechanical Engineer2,480 XCD

Executive and Management
Chief Executive Officer5,820 XCD
Chief Financial Officer5,440 XCD
General Manager4,710 XCD

Food / Hospitality / Tourism / Catering
Chef1,690 XCD
Executive Chef1,930 XCD
Hotel Manager4,750 XCD
Travel Agent1,650 XCD
Waiter / Waitress870 XCD

Health and Medical
Dentist6,620 XCD
Dietitian5,070 XCD
Laboratory Technician1,970 XCD
Nurse2,060 XCD

Human Resources
Human Resources Manager4,240 XCD
Human Resources Officer1,670 XCD

Information Technology
Computer Technician1,970 XCD
Database Administrator2,770 XCD
Developer / Programmer2,600 XCD
Information Technology Manager4,290 XCD
Network Engineer2,390 XCD

Law Enforcement / Security / Fire
Police Officer1,670 XCD

Legal
Attorney5,460 XCD
Legal Assistant1,390 XCD

Media / Broadcasting / Arts / Entertainment
Journalist3,060 XCD

Pharmaceutical and Biotechnology
Biomedical Engineer2,390 XCD
Pharmacist3,570 XCD

Sales Retail and Wholesale
Cashier970 XCD
Sales Manager4,580 XCD
Sales Representative1,800 XCD

Teaching / Education
Elementary School Teacher1,840 XCD
Secondary School Teacher2,170 XCD

Average Hourly Wage in Montserrat


16 XCD per hour

The average hourly wage (pay per hour) for all employees in Montserrat is 16 XCD.This is the rate that the average individual gets paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

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 a person in Montserrat is 4 XCD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

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 Montserrat is 11% on average across all career fields.

Private Sector
2,560 XCD
Public Sector+11%
2,830 XCD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Montserrat?

It is extremely difficult to give an exact figure of a good salary when no specific job is selected, however; an estimate can be provided based purely on the cost of living. A good compensation in Montserrat would range anywhere between 2,320 XCD and 3,520 XCD.

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 in Montserrat ranges from 690 XCD to 1,680 XCD. The base salary depends on many factors including profession, 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


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