HOME BROWSE SALARIES BEST PAYING JOBS
Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Executive and Management Average Salaries in Bahamas 2022

How much money does a person working in Executive and Management make in Bahamas?


Average Yearly Salary
63,300 BSD
( 5,270 BSD monthly)

LOW
20,900
BSD
AVERAGE
63,300
BSD
HIGH
104,000
BSD

A person working in Executive and Management in Bahamas typically earns around 63,300 BSD per year. Salaries range from 20,900 BSD (lowest average) to 104,000 BSD (highest average, actual maximum salary is higher).

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

Salaries for specific jobs

Job TitleAverage Salary
Account Coordinator43,800 BSD
Administration Manager55,000 BSD
Area Manager49,900 BSD
Asset Protection Associate59,400 BSD
Assistant Director56,900 BSD
Assistant Manager61,700 BSD
Assistant Operations Manager65,900 BSD
Assistant Project Manager57,600 BSD
Assistant Section Head44,600 BSD
Assistant to CEO50,200 BSD
Assistant Vice President59,600 BSD
Associate Director55,700 BSD
Bid Manager62,000 BSD
Branch Manager60,400 BSD
Business Development Manager71,900 BSD
Business Operations Associate58,100 BSD
Business Operations Lead60,900 BSD
Campaign Manager63,500 BSD
Chairman of The Board105,000 BSD
Chairman Office Manager70,000 BSD
Chief Corporate Officer83,300 BSD
Chief Executive Officer107,000 BSD
Chief Financial Officer104,000 BSD
Chief of Staff48,100 BSD
Chief Operating Officer81,800 BSD
Chief Risk Officer72,200 BSD
Client Services Manager69,500 BSD
Commercial Project Manager58,000 BSD
Commodity Broker42,900 BSD
Corporate Affairs Executive66,400 BSD
Corporate Compliance Director72,000 BSD
Corporate Director76,900 BSD
Corporate Officer52,500 BSD
Corporate Partnerships Officer49,600 BSD
Country Manager83,800 BSD
Deputy Director73,000 BSD
Director79,800 BSD
Director of Accreditation69,500 BSD
Director of Catering Services63,600 BSD
Director of Client Services69,100 BSD
Director of Facilities Management59,200 BSD
Director of Operations69,500 BSD
Director of Process Simplification54,500 BSD
Director of Project Management78,500 BSD
Director of Revenue Management66,900 BSD
Director of Training and Development71,600 BSD
Distribution Manager70,400 BSD
Division Manager61,400 BSD
Duty Manager61,700 BSD
Engagement Manager76,100 BSD
Executive Director103,000 BSD
Executive Manager86,000 BSD
Franchise Manager92,500 BSD
General Manager82,800 BSD
Global Master Data Manager77,900 BSD
Head of Middle Office68,500 BSD
Head of Projects75,300 BSD
Head of Sustainability61,200 BSD
Housing Manager55,600 BSD
HSE Manager56,700 BSD
Key Account Manager60,100 BSD
Knowledge Manager71,100 BSD
Location Manager70,300 BSD
Logistics Manager53,200 BSD
Management Consultant57,100 BSD
Management Executive74,800 BSD
Manager71,600 BSD
Managing Director88,000 BSD
MIS Executive75,000 BSD
Ocean Services Manager71,600 BSD
Operations Assistant50,800 BSD
Operations Director78,600 BSD
Operations Executive77,200 BSD
Operations Manager81,200 BSD
Operations Supervisor63,800 BSD
Policy Administration Executive61,800 BSD
Private Sector Executive66,500 BSD
Product Development Manager71,300 BSD
Product Executive62,100 BSD
Production Executive69,000 BSD
Production Manager69,800 BSD
Production Supervisor62,300 BSD
Program Manager74,600 BSD
Programme Coordinator50,900 BSD
Project Control Manager72,800 BSD
Project Coordinator45,600 BSD
Project Management Officer49,100 BSD
Project Manager52,200 BSD
Project Portfolio Manager56,300 BSD
Quality Manager57,200 BSD
R/D Director62,800 BSD
Regional Director98,800 BSD
Regional Manager73,100 BSD
Relationship Manager72,400 BSD
Retail District Manager49,700 BSD
Revenue Manager59,400 BSD
Risk and Capital Manager83,400 BSD
Risk Officer56,700 BSD
Safety Manager55,800 BSD
Section Head53,100 BSD
Service Manager57,900 BSD
Shift Supervisor43,600 BSD
Solutions Manager52,500 BSD
Supervisor45,700 BSD
Supply Chain Manager74,500 BSD
Surveyor51,500 BSD
Technical Manager69,100 BSD
Territory Manager67,800 BSD
Validation Manager62,800 BSD
Vice President91,000 BSD
Zone Manager72,200 BSD

Executive and Management Jobs Salary Distribution in Bahamas

Median and salary distribution yearly Bahamas Executive and Management
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahamas/executive-and-management/median-and-salary-distribution-yearly-bahamas-executive-and-management.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Executive and Management salaries in Bahamas range from 20,900 BSD per year (minimum average salary) to 104,000 BSD per year (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 64,500 BSD per year, which means that half (50%) of people working in Executive and Management are earning less than 64,500 BSD while the other half are earning more than 64,500 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.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Executive and Management are earning less than 38,400 BSD while 75% of them are earning more than 38,400 BSD. Also from the diagram, 75% of people working in Executive and Management are earning less than 86,100 BSD while 25% are earning more than 86,100 BSD.


What is the difference between the median and the average salary?

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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


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.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


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.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


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 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Executive and Management Salary Comparison By Gender

Salary comparison by gender yearly Bahamas Executive and Management
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahamas/executive-and-management/salary-comparison-by-gender-yearly-bahamas-executive-and-management.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Bahamas who work in Executive and Management earn 11% more than their female counterparts on average.

Male
65,900 BSD
Female-10%
59,100 BSD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bahamas for all Careers

Salary comparison by gender yearly Bahamas
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahamas/salary-comparison-by-gender-yearly-bahamas.jpg

Executive and Management Average Annual Salary Increment Percentage in Bahamas

How much are annual salary increments in Bahamas for Executive and Management professionals? How often do employees get salary raises?

Executive and Management

Executive and Management professionals in Bahamas are likely to observe a salary increase of approximately 8% every 25 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Bahamas Executive and Management
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahamas/executive-and-management/annual-salary-increment-rate-bahamas-executive-and-management.jpg


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.

Bahamas / All Professions

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.

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 Bahamas is 2%.

Annual Increment Rate By Industry 2021

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

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.


Worldwide Salary Raises: All Countries and All Jobs

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Executive and Management Bonus and Incentive Rates in Bahamas

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bahamas Executive and Management
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahamas/executive-and-management/annual-salary-bonus-rate-bahamas-executive-and-management.jpg

Executive and Management is considered to be a high bonus-based field 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.

39% of surveyed staff in Executive and Management reported that they haven't received any bonuses or incentives in the previous year while 61% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
61%
No Bonus
39%

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.


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.

Executive and Management Hourly Average Wage in Bahamas


30 BSD per hour

The average hourly wage (pay per hour) in Bahamas is 30 BSD. This means that the average person in Bahamas earns approximately 30 BSD for every worked hour.


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

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.

Executive and Management VS Other Jobs

Salary Comparison Between Executive and Management and Executive and Management yearly Bahamas
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahamas/executive-and-management/salary-comparison-between-executive-and-management-and-executive-and-management-yearly-bahamas.jpg

The average salary for Executive and Management is 35% more than that of All Jobs.

Government vs Private Sector Salary Comparison

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.

Private Sector
45,300 BSD
Public Sector+10%
50,000 BSD
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2022