Executive and Management Average Salaries in Cayman Islands 2021
How much money does a person working in Executive and Management make in Cayman Islands?
LOW
17,400
KYD AVERAGE
52,600
KYD HIGH
86,800
KYD
A person working in Executive and Management in Cayman Islands typically earns around 52,600 KYD per year. Salaries range from 17,400 KYD (lowest average) to 86,800 KYD (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 Title | Average Salary |
| Account Coordinator | 36,900 KYD |
| Administration Manager | 42,500 KYD |
| Area Manager | 38,900 KYD |
| Asset Protection Associate | 45,400 KYD |
| Assistant Director | 42,600 KYD |
| Assistant Manager | 46,800 KYD |
| Assistant Operations Manager | 50,600 KYD |
| Assistant Project Manager | 47,200 KYD |
| Assistant Section Head | 38,400 KYD |
| Assistant to CEO | 43,700 KYD |
| Assistant Vice President | 49,200 KYD |
| Associate Director | 44,900 KYD |
| Bid Manager | 51,600 KYD |
| Branch Manager | 48,700 KYD |
| Business Development Manager | 57,700 KYD |
| Business Operations Associate | 43,500 KYD |
| Business Operations Lead | 46,800 KYD |
| Campaign Manager | 49,200 KYD |
| Chairman of The Board | 82,700 KYD |
| Chairman Office Manager | 56,600 KYD |
| Chief Corporate Officer | 68,500 KYD |
| Chief Executive Officer | 88,600 KYD |
| Chief Financial Officer | 79,900 KYD |
| Chief of Staff | 41,300 KYD |
| Chief Operating Officer | 62,500 KYD |
| Chief Risk Officer | 54,800 KYD |
| Client Services Manager | 54,800 KYD |
| Commercial Project Manager | 47,300 KYD |
| Commodity Broker | 36,900 KYD |
| Corporate Affairs Executive | 52,700 KYD |
| Corporate Compliance Director | 56,400 KYD |
| Corporate Director | 61,700 KYD |
| Corporate Officer | 42,200 KYD |
| Corporate Partnerships Officer | 40,300 KYD |
| Country Manager | 66,200 KYD |
| Deputy Director | 60,000 KYD |
| Director | 64,800 KYD |
| Director of Accreditation | 58,600 KYD |
| Director of Catering Services | 49,500 KYD |
| Director of Client Services | 57,700 KYD |
| Director of Facilities Management | 47,300 KYD |
| Director of Operations | 58,600 KYD |
| Director of Process Simplification | 45,300 KYD |
| Director of Project Management | 60,300 KYD |
| Director of Revenue Management | 54,100 KYD |
| Director of Training and Development | 54,400 KYD |
| Distribution Manager | 60,500 KYD |
| Division Manager | 51,700 KYD |
| Duty Manager | 48,700 KYD |
| Engagement Manager | 60,800 KYD |
| Executive Director | 81,900 KYD |
| Executive Manager | 73,300 KYD |
| Franchise Manager | 74,800 KYD |
| General Manager | 67,500 KYD |
| Global Master Data Manager | 59,100 KYD |
| Head of Middle Office | 52,300 KYD |
| Head of Projects | 57,900 KYD |
| Head of Sustainability | 46,800 KYD |
| Housing Manager | 46,300 KYD |
| HSE Manager | 48,700 KYD |
| Key Account Manager | 50,200 KYD |
| Knowledge Manager | 53,200 KYD |
| Location Manager | 54,000 KYD |
| Logistics Manager | 45,800 KYD |
| Management Consultant | 47,700 KYD |
| Management Executive | 62,200 KYD |
| Manager | 59,100 KYD |
| Managing Director | 68,100 KYD |
| MIS Executive | 60,200 KYD |
| Ocean Services Manager | 61,500 KYD |
| Operations Assistant | 42,800 KYD |
| Operations Director | 63,300 KYD |
| Operations Executive | 60,200 KYD |
| Operations Manager | 62,000 KYD |
| Operations Supervisor | 52,500 KYD |
| Policy Administration Executive | 47,200 KYD |
| Private Sector Executive | 51,100 KYD |
| Product Development Manager | 55,500 KYD |
| Product Executive | 50,600 KYD |
| Production Executive | 56,000 KYD |
| Production Manager | 60,700 KYD |
| Production Supervisor | 48,200 KYD |
| Program Manager | 61,500 KYD |
| Programme Coordinator | 41,500 KYD |
| Project Control Manager | 57,900 KYD |
| Project Coordinator | 35,700 KYD |
| Project Management Officer | 42,700 KYD |
| Project Manager | 43,400 KYD |
| Project Portfolio Manager | 45,400 KYD |
| Quality Manager | 48,700 KYD |
| R/D Director | 50,600 KYD |
| Regional Director | 78,000 KYD |
| Regional Manager | 62,200 KYD |
| Relationship Manager | 58,600 KYD |
| Retail District Manager | 41,800 KYD |
| Revenue Manager | 47,700 KYD |
| Risk and Capital Manager | 68,300 KYD |
| Risk Officer | 43,000 KYD |
| Safety Manager | 44,300 KYD |
| Section Head | 46,200 KYD |
| Service Manager | 46,300 KYD |
| Shift Supervisor | 37,100 KYD |
| Solutions Manager | 39,300 KYD |
| Supervisor | 34,300 KYD |
| Supply Chain Manager | 60,000 KYD |
| Surveyor | 42,200 KYD |
| Technical Manager | 57,700 KYD |
| Territory Manager | 55,100 KYD |
| Validation Manager | 49,200 KYD |
| Vice President | 69,900 KYD |
| Zone Manager | 62,700 KYD |
Executive and Management Jobs Salary Distribution in Cayman Islands
The median, the maximum, the minimum, and the range
Salary Range
Executive and Management salaries in Cayman Islands range from 17,400 KYD per year (minimum average salary) to 86,800 KYD per year (maximum average salary, actual maximum is higher).
Median Salary
The median salary is 53,700 KYD per year, which means that half (50%) of people working in Executive and Management are earning less than 53,700 KYD while the other half are earning more than 53,700 KYD. 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 32,000 KYD while 75% of them are earning more than 32,000 KYD. Also from the diagram, 75% of people working in Executive and Management are earning less than 71,700 KYD while 25% are earning more than 71,700 KYD.
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?
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.
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.
Get $25 on sign up.
Salary Comparison By Education
How does the education level affect your salary?
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.
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 Cayman Islands costs anywhere from 16,200 Cayman Islands Dollar(s) to 48,600 Cayman Islands 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
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Cayman Islands who work in Executive and Management earn 11% more than their female counterparts on average.
| Male | 54,900 KYD | |
| Female | -10% | 49,200 KYD |
Salary Comparison By Gender in Cayman Islands for all Careers
Executive and Management Average Annual Salary Increment Percentage in Cayman Islands
How much are annual salary increments in Cayman Islands for Executive and Management professionals? How often do employees get salary raises?
Executive and Management
Executive and Management professionals in Cayman Islands 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.
Cayman Islands / 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 2020
| Banking | 4% | |
| Energy | 8% | |
| Information Technology | 3% | |
| Healthcare | 7% | |
| Travel | 2% | |
| Construction | 6% | |
| Education | 1% |
Listed above are the average annual increase rates for each industry in Cayman Islands for the year 2020. 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
Executive and Management Bonus and Incentive Rates in Cayman Islands
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/cayman-islands/executive-and-management/annual-salary-bonus-rate-cayman-islands-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 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.
Executive and Management Hourly Average Wage in Cayman Islands
25 KYD per hourThe average hourly wage (pay per hour) in Cayman Islands is 25 KYD. This means that the average person in Cayman Islands earns approximately 25 KYD 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.
Executive and Management VS Other Jobs
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 Cayman Islands earn 21% more than their private sector counterparts on average across all sectors.
| Private Sector | 35,400 KYD | |
| Public Sector | +21% | 42,800 KYD |
Get $25 on sign up.
