Physician - Cardiology Average Salary in Bermuda 2023
How much money does a Physician - Cardiology make in Bermuda?
LOW
2,900
BMD AVERAGE
5,910
BMD HIGH
9,220
BMD
A person working as a Physician - Cardiology in Bermuda typically earns around 5,910 BMD per month. Salaries range from 2,900 BMD (lowest) to 9,220 BMD (highest).
This is the average monthly salary including housing, transport, and other benefits. Physician - Cardiology salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Physician - Cardiology Salary Distribution in Bermuda
The median, the maximum, the minimum, and the range
Salary Range
Physician - Cardiology salaries in Bermuda range from 2,900 BMD per month (minimum salary) to 9,220 BMD per month (maximum salary).
Median Salary
The median salary is 6,030 BMD per month, which means that half (50%) of people working as Physician - Cardiology(s) are earning less than 6,030 BMD while the other half are earning more than 6,030 BMD. 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 Physician - Cardiology(s) are earning less than 4,010 BMD while 75% of them are earning more than 4,010 BMD. Also from the diagram, 75% of Physician - Cardiology(s) are earning less than 7,770 BMD while 25% are earning more than 7,770 BMD.
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
Physician - Cardiology Salary Comparison by Years of Experience
How does experience and age affect your pay?
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 Physician - Cardiology salaries by experience level and this is what we found.
A Physician - Cardiology with less than two years of experience makes approximately 3,430 BMD per month.
While someone with an experience level between two and five years is expected to earn 4,410 BMD per month, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 6,090 BMD per month, 38% more than someone with two to five years of experience.
Additionally, Physician - Cardiology(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 7,540 BMD per month, 24% 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 8,080 BMD per month, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 8,620 BMD per month, 7% more than people with fifteen to twenty years of experience.
Physician - Cardiology average salary change by experience in Bermuda
| 0 - 2 Years | 3,430 BMD | |
| 2 - 5 Years | +29% | 4,410 BMD |
| 5 - 10 Years | +38% | 6,090 BMD |
| 10 - 15 Years | +24% | 7,540 BMD |
| 15 - 20 Years | +7% | 8,080 BMD |
| 20+ Years | +7% | 8,620 BMD |
Typical Salary Progress for Most Careers
Physician - Cardiology Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Physician - Cardiology employees in Bermuda earn 11% more than their female counterparts on average.
| Male | 6,160 BMD | |
| Female | -10% | 5,520 BMD |
Salary Comparison By Gender in Bermuda for all Careers
Physician - Cardiology Average Annual Salary Increment Percentage in Bermuda
How much are annual salary increments in Bermuda for Physician - Cardiology(s)? How often do employees get salary raises?
Physician - Cardiology
Physician - Cardiology(s) in Bermuda are likely to observe a salary increase of approximately 11% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Bermuda / 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
Annual Increment Rate By Industry 2022
| Banking | 6% | |
| Energy | 3% | |
| Information Technology | 9% | |
| Healthcare | 6% | |
| Travel | 3% | |
| Construction | 9% | |
| Education | 6% |
Listed above are the average annual increase rates for each industry in Bermuda for the year 2022. 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
Physician - Cardiology Bonus and Incentive Rates in Bermuda
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/bermuda/health-and-medical/doctor-physician/physician---cardiology/annual-salary-bonus-rate-bermuda-physician---cardiology.jpg
A Physician - Cardiology is considered to be a high 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.
31% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 69% 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 | 69% | |
| No Bonus | 31% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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.
Physician - Cardiology Average Hourly Wage in Bermuda
34 BMD per hourThe average hourly wage (pay per hour) in Bermuda is 34 BMD. This means that the average Physician - Cardiology in Bermuda earns approximately 34 BMD for every worked hour.
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.
Physician - Cardiology VS Other Jobs
The average salary for Physician - Cardiology is 58% more than that of Doctor / Physician. Also, Doctor / Physician salaries are 57% more than those of Health and Medical.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Advanced Nutrition Aide | 2,380 BMD |  -60% |
| Advanced Practice Provider | 2,090 BMD | -65% |
| Allergist | 2,980 BMD | -50% |
| Behavioral Health Specialist | 1,770 BMD | -70% |
| Chiropractor | 1,940 BMD | -67% |
| Clinical Psychologist | 5,270 BMD | -11% |
| Correctional Treatment Specialist | 2,990 BMD | -49% |
| Counseling Psychologist | 3,680 BMD | -38% |
| Dermatologist | 4,980 BMD | -16% |
| Dietitian | 3,110 BMD | -47% |
| Doctor | 4,200 BMD | -29% |
| Emergency Department Physician | 3,470 BMD | -41% |
| Exercise Physiologist | 3,760 BMD | -36% |
| Forensic Pathologist | 4,340 BMD | -27% |
| General Medical Practitioner | 3,190 BMD | -46% |
| Genetic Counselor | 2,620 BMD | -56% |
| Internist | 4,900 BMD | -17% |
| Interventionist | 4,820 BMD | -18% |
| Invasive Cardiologist | 6,590 BMD |  +12% |
| Mental Health Therapst | 2,710 BMD | -54% |
| Naturopathic Physician | 4,820 BMD | -18% |
| Neurologist | 5,020 BMD | -15% |
| Neurophysiology Technologist | 1,470 BMD | -75% |
| Nuclear Medicine Physician | 4,250 BMD | -28% |
| Obstetrician / Gynecologist | 4,670 BMD | -21% |
| Occupational Health Safety Specialist | 2,250 BMD | -62% |
| Ophthalmologist | 3,430 BMD | -42% |
| Optometrist | 3,330 BMD | -44% |
| Pediatrician | 3,700 BMD | -37% |
| Physical Therapist | 2,630 BMD | -55% |
| Physical Therapy Director | 3,110 BMD | -47% |
| Physician - Anesthesiology | 5,950 BMD | +1% |
| Physician - Cardiology | 5,910 BMD | +0% |
| Physician - CCU | 3,430 BMD | -42% |
| Physician - Dermatology | 4,960 BMD | -16% |
| Physician - Emergency Room | 3,810 BMD | -36% |
| Physician - Endocrinology | 4,510 BMD | -24% |
| Physician - Family Practice | 3,220 BMD | -45% |
| Physician - Gastroenterology | 4,470 BMD | -24% |
| Physician - Generalist | 3,670 BMD | -38% |
| Physician - Geriatrics | 2,930 BMD | -50% |
| Physician - Hematology / Oncology | 4,200 BMD | -29% |
| Physician - Immunology / Allergy | 5,040 BMD | -15% |
| Physician - Infectious Disease | 3,990 BMD | -32% |
| Physician - Internal Medicine | 4,980 BMD | -16% |
| Physician - Maternal / Fetal Medicine | 4,080 BMD | -31% |
| Physician - Nephrology | 5,120 BMD | -13% |
| Physician - Neurology | 4,750 BMD | -20% |
| Physician - Nuclear Medicine | 4,130 BMD | -30% |
| Physician - Obstetrics / Gynecology | 4,480 BMD | -24% |
| Physician - Occupational Medicine | 3,540 BMD | -40% |
| Physician - Ophthalmology | 3,090 BMD | -48% |
| Physician - Otolaryngology | 2,970 BMD | -50% |
| Physician - Pain Medicine | 2,840 BMD | -52% |
| Physician - Pathology | 3,690 BMD | -38% |
| Physician - Pediatric Cardiology | 4,670 BMD | -21% |
| Physician - Pediatric Neonatology | 4,140 BMD | -30% |
| Physician - Pediatrics | 3,830 BMD | -35% |
| Physician - Physiatry | 4,280 BMD | -28% |
| Physician - Podiatry | 4,020 BMD | -32% |
| Physician - Pulmonary Medicine | 2,940 BMD | -50% |
| Physician - Radiation Therapy | 4,940 BMD | -16% |
| Physician - Radiology | 5,060 BMD | -14% |
| Physician - Rheumatology | 4,570 BMD | -23% |
| Physician - Sports Medicine | 4,200 BMD | -29% |
| Physician - Urology | 5,570 BMD | -6% |
| Physician Assistant | 2,670 BMD | -55% |
| Physiotherapist | 3,040 BMD | -49% |
| Podiatrist | 2,920 BMD | -51% |
| Preventive Medicine Physician | 4,030 BMD | -32% |
| Psychiatrist | 4,310 BMD | -27% |
| Psychololgist | 4,370 BMD | -26% |
| Psychometrician | 3,470 BMD | -41% |
| Radiologist | 4,620 BMD | -22% |
| Registered Respiratory Therapist | 2,740 BMD | -54% |
| Skin Care Specialist | 2,510 BMD | -58% |
| Urologist | 5,620 BMD | -5% |
| Vision Rehabilitation Therapist | 2,530 BMD | -57% |
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 Bermuda earn 14% more than their private sector counterparts on average across all sectors.
| Private Sector | 1,470 BMD | |
| Public Sector | +14% | 1,670 BMD |
