A person working as a Multimedia Specialist in Bahamas typically earns around 28,000 BSD per year. Salaries range from 12,900 BSD (lowest) to 44,600 BSD (highest).
This is the average yearly salary including housing, transport, and other benefits. Multimedia Specialist salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Multimedia Specialist salaries in Bahamas range from 12,900 BSD per year (minimum salary) to 44,600 BSD per year (maximum salary).
The median salary is 30,300 BSD per year, which means that half (50%) of people working as Multimedia Specialist(s) are earning less than 30,300 BSD while the other half are earning more than 30,300 BSD. 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.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Multimedia Specialist(s) are earning less than 19,400 BSD while 75% of them are earning more than 19,400 BSD. Also from the diagram, 75% of Multimedia Specialist(s) are earning less than 40,400 BSD while 25% are earning more than 40,400 BSD.
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Multimedia Specialist salaries by experience level and this is what we found.
A Multimedia Specialist with less than two years of experience makes approximately 14,600 BSD per year.
While someone with an experience level between two and five years is expected to earn 19,500 BSD per year, 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 28,900 BSD per year, 48% more than someone with two to five years of experience.
Additionally, Multimedia Specialist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 35,200 BSD per year, 22% 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 38,400 BSD per year, 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 41,600 BSD per year, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+48%|
|10 - 15 Years||+22%|
|15 - 20 Years||+9%|
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 Multimedia Specialist salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Multimedia Specialist is 18,000 BSD per year.
While someone with a Certificate or Diploma gets a salary of 21,100 BSD per year, 18% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 30,600 BSD per year, 45% more than someone with a Certificate or Diploma.
Professionals who hold a Master's Degree are rewarded with an average salary of 40,100 BSD per year, 31% more than someone with Bachelor's Degree.
|Certificate or Diploma||+18%|
A Master's degree program or any post-graduate program in Bahamas costs anywhere from 19,500 Bahamian Dollar(s) to 58,400 Bahamian Dollar(s) 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 into a higher paying job. The numbers seem to support the thoery. 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.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Multimedia Specialist employees in Bahamas earn 19% more than their female counterparts on average.
Multimedia Specialist(s) in Bahamas are likely to observe a salary increase of approximately 7% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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.
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
Listed above are the average annual increase rates for each industry in Bahamas for the year 2021. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
A Multimedia Specialist is considered to be a low bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
85% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 15% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.
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.
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.
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.
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.
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.
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 fix 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.
The average salary for Multimedia Specialist is 36% less than that of Advertising / Grapic Design / Events. Also, Advertising / Grapic Design / Events salaries are 6% less than those of All Jobs.
|Job Title||Average Salary|
|Advertising Account Executive||55,100 BSD||+97%|
|Advertising Account Manager||56,100 BSD||+100%|
|Advertising Account Planner||30,400 BSD||+8%|
|Advertising Coordinator||36,600 BSD||+31%|
|Advertising Manager||75,000 BSD||+170%|
|Advertising Operations Manager||78,100 BSD||+180%|
|Advertising Strategic Planner||51,000 BSD||+82%|
|Advertising Team Leader||44,400 BSD||+58%|
|Art Director||48,600 BSD||+73%|
|Assistant Art Director||38,900 BSD||+39%|
|Audiosual Technician||27,700 BSD||-1%|
|Broadcast Administrator||50,500 BSD||+80%|
|Catering Sales||31,100 BSD||+11%|
|Catering Trainer||36,800 BSD||+31%|
|Commercial and Industrial Designer||27,900 BSD||-0%|
|Conference Organiser||35,600 BSD||+27%|
|Content and Media Production Lead||56,100 BSD||+100%|
|Creative Designer||37,700 BSD||+35%|
|Creative Director||49,100 BSD||+75%|
|Desktop Publisher||24,100 BSD||-14%|
|Director of Graphic Design||43,100 BSD||+54%|
|Events and Promotions Manager||75,100 BSD||+170%|
|Exhibit Display Coordinator||36,100 BSD||+29%|
|Exhibit Display Manager||48,900 BSD||+74%|
|Graphic Artist||29,800 BSD||+6%|
|Graphic Designer||30,700 BSD||+10%|
|Graphics Design Supervisor||43,000 BSD||+53%|
|Imagery Analyst||27,600 BSD||-2%|
|Imaging Technologist||28,000 BSD||-0%|
|Interaction Designer||23,500 BSD||-16%|
|Media Planner||40,800 BSD||+46%|
|Media Production Coordinator||35,800 BSD||+28%|
|Media Production Manager||65,400 BSD||+130%|
|Media Project Manager||66,000 BSD||+140%|
|Media Relations Representative||53,500 BSD||+91%|
|Media Sales Executive||64,000 BSD||+130%|
|Multimedia Specialist||28,000 BSD||-0%|
|PPC Campaign Manager||50,000 BSD||+78%|
|Print Production Manager||50,600 BSD||+81%|
|Product and Brand Manager||73,900 BSD||+160%|
|Sales Promotion Manager||76,800 BSD||+170%|
|Sketch Artist||32,300 BSD||+15%|
|Social Media Executive||62,500 BSD||+120%|
|Technical Typist||20,900 BSD||-25%|
|User Experience UX Designer||34,600 BSD||+23%|
|UX Designer||29,100 BSD||+4%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Bahamas earn 10% more than their private sector counterparts on average across all sectors.