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Executive and Management Average Salaries in Barbados 2020

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


Average Monthly Salary
4,440 BBD
( 53,300 BBD yearly)

LOW
1,450
BBD
AVERAGE
4,440
BBD
HIGH
7,270
BBD

A person working in Executive and Management in Barbados typically earns around 4,440 BBD per month. Salaries range from 1,450 BBD (lowest average) to 7,270 BBD (highest average, actual maximum salary is higher).

This is the average monthly 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 Coordinator3,250 BBD
Administration Manager3,890 BBD
Area Manager3,620 BBD
Asset Protection Associate3,940 BBD
Assistant Director4,010 BBD
Assistant Manager3,990 BBD
Assistant Operations Manager4,220 BBD
Assistant Project Manager4,100 BBD
Assistant Section Head3,200 BBD
Assistant to CEO3,560 BBD
Assistant Vice President4,050 BBD
Associate Director3,970 BBD
Bid Manager4,430 BBD
Branch Manager4,300 BBD
Business Development Manager4,930 BBD
Business Operations Associate3,900 BBD
Business Operations Lead4,100 BBD
Campaign Manager4,280 BBD
Chairman of The Board6,980 BBD
Chairman Office Manager4,680 BBD
Chief Corporate Officer6,330 BBD
Chief Executive Officer7,660 BBD
Chief Financial Officer7,000 BBD
Chief of Staff3,540 BBD
Chief Operating Officer5,850 BBD
Chief Risk Officer5,040 BBD
Client Services Manager4,630 BBD
Commercial Project Manager3,980 BBD
Commodity Broker3,240 BBD
Corporate Affairs Executive4,370 BBD
Corporate Compliance Director4,680 BBD
Corporate Director5,010 BBD
Corporate Officer3,420 BBD
Corporate Partnerships Officer3,630 BBD
Country Manager5,580 BBD
Deputy Director5,280 BBD
Director5,690 BBD
Director of Accreditation5,040 BBD
Director of Catering Services4,610 BBD
Director of Client Services4,640 BBD
Director of Facilities Management3,900 BBD
Director of Operations4,790 BBD
Director of Process Simplification3,990 BBD
Director of Project Management5,280 BBD
Director of Revenue Management4,470 BBD
Director of Training and Development4,750 BBD
Distribution Manager5,180 BBD
Division Manager4,230 BBD
Duty Manager4,430 BBD
Engagement Manager5,400 BBD
Executive Director7,600 BBD
Executive Manager5,860 BBD
Franchise Manager6,340 BBD
General Manager6,120 BBD
Global Master Data Manager5,170 BBD
Head of Middle Office4,660 BBD
Head of Projects5,070 BBD
Head of Sustainability4,170 BBD
Housing Manager3,980 BBD
HSE Manager4,270 BBD
Key Account Manager4,240 BBD
Knowledge Manager4,770 BBD
Location Manager4,850 BBD
Logistics Manager3,720 BBD
Management Consultant3,830 BBD
Management Executive5,480 BBD
Manager4,860 BBD
Managing Director5,920 BBD
MIS Executive4,770 BBD
Ocean Services Manager5,140 BBD
Operations Assistant3,500 BBD
Operations Director5,590 BBD
Operations Executive5,340 BBD
Operations Manager5,530 BBD
Operations Supervisor4,730 BBD
Policy Administration Executive4,310 BBD
Private Sector Executive4,260 BBD
Product Development Manager4,930 BBD
Product Executive4,370 BBD
Production Executive5,170 BBD
Production Manager4,960 BBD
Production Supervisor4,410 BBD
Program Manager5,320 BBD
Programme Coordinator3,490 BBD
Project Control Manager5,230 BBD
Project Coordinator2,960 BBD
Project Management Officer3,390 BBD
Project Manager3,920 BBD
Project Portfolio Manager3,910 BBD
Quality Manager3,890 BBD
R/D Director4,580 BBD
Regional Director6,750 BBD
Regional Manager5,100 BBD
Relationship Manager4,960 BBD
Retail District Manager3,690 BBD
Revenue Manager3,770 BBD
Risk and Capital Manager5,940 BBD
Risk Officer3,670 BBD
Safety Manager3,680 BBD
Section Head3,770 BBD
Service Manager3,820 BBD
Shift Supervisor3,050 BBD
Solutions Manager3,520 BBD
Supervisor3,150 BBD
Supply Chain Manager5,300 BBD
Surveyor3,490 BBD
Technical Manager5,000 BBD
Territory Manager5,080 BBD
Validation Manager4,180 BBD
Vice President6,280 BBD
Zone Manager4,990 BBD

Executive and Management Jobs Salary Distribution in Barbados

Median and salary distribution monthly Barbados Executive and Management
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The median, the maximum, the minimum, and the range

  • Salary Range

    Executive and Management salaries in Barbados range from 1,450 BBD per month (minimum average salary) to 7,270 BBD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 4,530 BBD per month, which means that half (50%) of people working in Executive and Management are earning less than 4,530 BBD while the other half are earning more than 4,530 BBD. 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 2,690 BBD while 75% of them are earning more than 2,690 BBD. Also from the diagram, 75% of people working in Executive and Management are earning less than 6,020 BBD while 25% are earning more than 6,020 BBD.


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 Barbados costs anywhere from 16,300 Barbados Dollar(s) to 48,900 Barbados 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 monthly Barbados Executive and Management
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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 Barbados who work in Executive and Management earn 13% more than their female counterparts on average.

Female
4,120 BBD
Male+13%
4,640 BBD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Barbados for all Careers

Salary comparison by gender monthly Barbados
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Executive and Management Average Annual Salary Increment Percentage in Barbados

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

Executive and Management

Executive and Management professionals in Barbados are likely to observe a salary increase of approximately 7% every 26 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Barbados Executive and Management
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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.

Barbados / 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 Barbados is 2%.

Annual Increment Rate By Industry 2019

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Listed above are the average annual increase rates for each industry in Barbados 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.


Worldwide Salary Raises: All Countries and All Jobs

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Executive and Management Bonus and Incentive Rates in Barbados

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Barbados Executive and Management
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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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Barbados
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Where can you get paid more, working for a private company or for the government? Public sector employees in Barbados earn 11% more than their private sector counterparts on average across all sectors.

Private Sector
3,060 BBD
Public Sector+11%
3,390 BBD
Percentage increase and decrease are relative to the previous value

Executive and Management Hourly Average Wage in Barbados


26 BBD per hour

The average hourly wage (pay per hour) in Barbados is 26 BBD. This means that the average person in Barbados earns approximately 26 BBD 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 monthly Barbados
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The average salary for Executive and Management is 36% more than that of All Jobs.

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