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Average Salary in Saint Vincent and the Grenadines 2020

How much money does a person working in Saint Vincent and the Grenadines make?


Average Monthly Salary
3,420 XCD
( 41,100 XCD yearly)

LOW
460
XCD
AVERAGE
3,420
XCD
HIGH
15,200
XCD

A person working in Saint Vincent and the Grenadines typically earns around 3,420 XCD per month. Salaries range from 460 XCD (lowest average) to 15,200 XCD (highest average, actual maximum salary is higher).

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

Distribution of Salaries in Saint Vincent and the Grenadines

Median and salary distribution monthly Saint Vincent and the Grenadines
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The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Saint Vincent and the Grenadines range from 460 XCD per month (minimum salary) to 15,200 XCD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 3,560 XCD per month, which means that half (50%) of the population are earning less than 3,560 XCD while the other half are earning more than 3,560 XCD. 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 the population are earning less than 1,810 XCD while 75% of them are earning more than 1,810 XCD. Also from the diagram, 75% of the population are earning less than 9,730 XCD while 25% are earning more than 9,730 XCD.


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
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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
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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 Saint Vincent and the Grenadines costs anywhere from 17,100 East Caribbean Dollar(s) to 51,300 East Caribbean 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.



Salary Comparison By Gender

Salary comparison by gender monthly Saint Vincent and the Grenadines
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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? Male employees in Saint Vincent and the Grenadines earn 12% more than their female counterparts.

Female
3,310 XCD
Male+12%
3,710 XCD
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Saint Vincent and the Grenadines

How much are annual salary increments in Saint Vincent and the Grenadines? How often do employees get salary raises?

Saint Vincent and the Grenadines

Employees in Saint Vincent and the Grenadines are likely to observe a salary increase of approximately 4% every 29 months.

Annual Salary Increment Rate Saint Vincent and the Grenadines
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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 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 Saint Vincent and the Grenadines is 2%.

Annual Increment Rate By Industry 2019

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 Saint Vincent and the Grenadines for the year 2019. 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.


Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
Mid-Career
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

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Bonus and Incentive Rates in Saint Vincent and the Grenadines

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Saint Vincent and the Grenadines
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63% of surveyed staff in Saint Vincent and the Grenadines reported that they haven't received any bonuses or incentives in the previous year while 37% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
37%
No Bonus
63%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Saint Vincent and the Grenadines
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Where can you get paid more, working for a private company or for the government? Public sector employees in Saint Vincent and the Grenadines earn 10% more than their private sector counterparts.

Private Sector
3,320 XCD
Public Sector+10%
3,660 XCD
Percentage increase and decrease are relative to the previous value

Salary Trend and Forecast in Saint Vincent and the Grenadines

How are Saint Vincent and the Grenadines salaries changing over time? The chart below shows the average salary change in the past few years.

Salary trends and forecast monthly Saint Vincent and the Grenadines
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Average Salary 2016
3,070 XCD
Average Salary 2017+4%
3,180 XCD
Average Salary 2018+3%
3,280 XCD
Average Salary 2019+3%
3,360 XCD
Percentage increase and decrease are relative to the previous value

Salaries in Saint Vincent and the Grenadines are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant2,140 XCD
Accounting Assistant2,030 XCD
Accounting Manager4,420 XCD
Bookkeeper1,730 XCD
Chartered Accountant2,910 XCD
Corporate Treasurer5,530 XCD
Financial Analyst3,310 XCD
Financial Manager6,230 XCD
Internal Auditor3,470 XCD

Administration / Reception / Secretarial
Administrative Assistant1,670 XCD
Office Manager2,260 XCD
Receptionist2,360 XCD
Secretary1,680 XCD

Advertising / Grapic Design / Events
Art Director3,180 XCD
Creative Director3,330 XCD
Graphic Designer2,340 XCD
Photographer2,240 XCD

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer3,690 XCD
Air Traffic Controller3,390 XCD
Flight Attendant2,730 XCD
Pilot3,900 XCD

Architecture
Architect3,020 XCD
CAD Drafter2,390 XCD

Automotive
Mechanic1,760 XCD
Service Advisor2,580 XCD

Banking
Bank Branch Manager4,660 XCD
Teller2,220 XCD

Bilingual
Teacher2,360 XCD
Translator2,910 XCD

Business Planning
Business Analyst4,040 XCD
Business Development Manager4,940 XCD
Project Manager3,700 XCD

Care Giving and Child Care
Nanny2,070 XCD
Nursery Teacher2,250 XCD

Construction / Building / Installation
Civil Engineer2,990 XCD
Construction Project Manager3,790 XCD
Health and Safety Officer2,130 XCD

Customer Service and Call Center
Call Center Representative2,220 XCD
Customer Service Manager4,170 XCD
Customer Service Representative2,190 XCD

Engineering
Electrical Engineer3,110 XCD
Engineer2,800 XCD
Mechanical Engineer3,050 XCD

Executive and Management
Chief Executive Officer7,550 XCD
Chief Financial Officer6,850 XCD
General Manager5,550 XCD

Food / Hospitality / Tourism / Catering
Chef2,590 XCD
Executive Chef2,710 XCD
Hotel Manager4,720 XCD
Travel Agent2,750 XCD
Waiter / Waitress2,010 XCD

Health and Medical
Dentist8,010 XCD
Dietitian7,430 XCD
Laboratory Technician2,340 XCD
Nurse2,570 XCD

Human Resources
Human Resources Manager4,410 XCD
Human Resources Officer2,730 XCD

Information Technology
Computer Technician2,510 XCD
Database Administrator3,150 XCD
Developer / Programmer2,760 XCD
Information Technology Manager4,650 XCD
Network Engineer2,840 XCD

Law Enforcement / Security / Fire
Police Officer2,550 XCD

Legal
Attorney4,580 XCD
Legal Assistant2,240 XCD

Media / Broadcasting / Arts / Entertainment
Journalist3,050 XCD

Pharmaceutical and Biotechnology
Biomedical Engineer2,720 XCD
Pharmacist3,800 XCD

Sales Retail and Wholesale
Cashier1,740 XCD
Sales Manager5,010 XCD
Sales Representative2,060 XCD

Teaching / Education
Elementary School Teacher2,220 XCD
Secondary School Teacher2,620 XCD

Average Hourly Wage in Saint Vincent and the Grenadines


20 XCD per hour

The average hourly wage (pay per hour) in Saint Vincent and the Grenadines is 20 XCD. This means that the average person in Saint Vincent and the Grenadines earns approximately 20 XCD 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.

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