A person working as a Media Planner in Barbados typically earns around 2,740 BBD per month. Salaries range from 1,480 BBD (lowest) to 4,130 BBD (highest).
This is the average monthly salary including housing, transport, and other benefits. Media Planner salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Media Planner salaries in Barbados range from 1,480 BBD per month (minimum salary) to 4,130 BBD per month (maximum salary).
The median salary is 2,520 BBD per month, which means that half (50%) of people working as Media Planner(s) are earning less than 2,520 BBD while the other half are earning more than 2,520 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.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Media Planner(s) are earning less than 1,800 BBD while 75% of them are earning more than 1,800 BBD. Also from the diagram, 75% of Media Planner(s) are earning less than 3,060 BBD while 25% are earning more than 3,060 BBD.
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 Media Planner salaries by experience level and this is what we found.
A Media Planner with less than two years of experience makes approximately 1,720 BBD per month.
While someone with an experience level between two and five years is expected to earn 2,170 BBD per month, 26% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 2,860 BBD per month, 32% more than someone with two to five years of experience.
Additionally, Media Planner(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 3,360 BBD per month, 18% 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 3,720 BBD per month, 11% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 3,960 BBD per month, 6% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+26%|
|5 - 10 Years||+32%|
|10 - 15 Years||+18%|
|15 - 20 Years||+11%|
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 Media Planner salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Media Planner is 2,090 BBD per month.
While someone with a Certificate or Diploma gets a salary of 2,350 BBD per month, 13% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 3,100 BBD per month, 32% more than someone with a Certificate or Diploma.
Professionals who hold a Master's Degree are rewarded with an average salary of 3,840 BBD per month, 24% more than someone with Bachelor's Degree.
|Certificate or Diploma||+13%|
A Master's degree program or any post-graduate program in Barbados costs anywhere from 16,300 Barbados Dollar(s) to 48,800 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 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 Media Planner employees in Barbados earn 7% less than their female counterparts on average.
Media Planner(s) in Barbados are likely to observe a salary increase of approximately 7% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 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 Barbados 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 Media Planner is considered to be a moderate 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.
67% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 33% 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.
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 Media Planner is 11% 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||3,630 BBD||+33%|
|Advertising Account Manager||4,200 BBD||+54%|
|Advertising Account Planner||2,140 BBD||-22%|
|Advertising Coordinator||2,580 BBD||-6%|
|Advertising Manager||5,300 BBD||+94%|
|Advertising Operations Manager||5,490 BBD||+100%|
|Advertising Strategic Planner||3,660 BBD||+34%|
|Advertising Team Leader||3,080 BBD||+13%|
|Art Director||3,460 BBD||+26%|
|Assistant Art Director||2,510 BBD||-8%|
|Audiosual Technician||2,000 BBD||-27%|
|Broadcast Administrator||3,650 BBD||+33%|
|Catering Sales||2,210 BBD||-19%|
|Catering Trainer||2,620 BBD||-4%|
|Commercial and Industrial Designer||2,060 BBD||-25%|
|Conference Organiser||2,470 BBD||-10%|
|Content and Media Production Lead||3,930 BBD||+44%|
|Creative Designer||2,410 BBD||-12%|
|Creative Director||3,240 BBD||+18%|
|Desktop Publisher||1,660 BBD||-39%|
|Director of Graphic Design||3,150 BBD||+15%|
|Events and Promotions Manager||5,500 BBD||+100%|
|Exhibit Display Coordinator||2,650 BBD||-3%|
|Exhibit Display Manager||3,250 BBD||+19%|
|Graphic Artist||2,150 BBD||-21%|
|Graphic Designer||2,050 BBD||-25%|
|Graphics Design Supervisor||2,960 BBD||+8%|
|Imagery Analyst||1,880 BBD||-31%|
|Imaging Technologist||1,910 BBD||-30%|
|Interaction Designer||1,670 BBD||-39%|
|Media Planner||2,740 BBD||+0%|
|Media Production Coordinator||2,430 BBD||-11%|
|Media Production Manager||4,460 BBD||+63%|
|Media Project Manager||4,440 BBD||+62%|
|Media Relations Representative||3,880 BBD||+42%|
|Media Sales Executive||4,430 BBD||+62%|
|Multimedia Specialist||1,910 BBD||-30%|
|PPC Campaign Manager||3,560 BBD||+30%|
|Print Production Manager||3,770 BBD||+38%|
|Product and Brand Manager||5,000 BBD||+83%|
|Sales Promotion Manager||5,250 BBD||+92%|
|Sketch Artist||2,260 BBD||-17%|
|Social Media Executive||4,450 BBD||+63%|
|Technical Typist||1,450 BBD||-47%|
|User Experience UX Designer||2,220 BBD||-19%|
|UX Designer||2,080 BBD||-24%|
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.