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Media Production Manager Average Salary in Grenada 2021

How much money does a Media Production Manager make in Grenada?


Average Monthly Salary
8,180 XCD
( 98,200 XCD yearly)

LOW
4,250
XCD
AVERAGE
8,180
XCD
HIGH
12,500
XCD

A person working as a Media Production Manager in Grenada typically earns around 8,180 XCD per month. Salaries range from 4,250 XCD (lowest) to 12,500 XCD (highest).

This is the average monthly salary including housing, transport, and other benefits. Media Production Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Media Production Manager Salary Distribution in Grenada

Median and salary distribution monthly Grenada Media Production Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Media Production Manager salaries in Grenada range from 4,250 XCD per month (minimum salary) to 12,500 XCD per month (maximum salary).

  • Median Salary

    The median salary is 7,850 XCD per month, which means that half (50%) of people working as Media Production Manager(s) are earning less than 7,850 XCD while the other half are earning more than 7,850 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 Media Production Manager(s) are earning less than 5,450 XCD while 75% of them are earning more than 5,450 XCD. Also from the diagram, 75% of Media Production Manager(s) are earning less than 9,780 XCD while 25% are earning more than 9,780 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

Media Production Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Grenada Media Production Manager
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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 Production Manager salaries by experience level and this is what we found.

A Media Production Manager with less than two years of experience makes approximately 4,830 XCD per month.

While someone with an experience level between two and five years is expected to earn 6,490 XCD per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 8,430 XCD per month, 30% more than someone with two to five years of experience.

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.

Additionally, Media Production Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 10,200 XCD per month, 21% 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 11,200 XCD per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 11,700 XCD per month, 5% more than people with fifteen to twenty years of experience.


Media Production Manager average salary change by experience in Grenada

0 - 2 Years
4,830 XCD
2 - 5 Years+34%
6,490 XCD
5 - 10 Years+30%
8,430 XCD
10 - 15 Years+21%
10,200 XCD
15 - 20 Years+9%
11,200 XCD
20+ Years+5%
11,700 XCD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Media Production Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Media Production Manager(s) who have the same experience but different education levels.

Salary comparison by education level monthly Grenada Media Production Manager
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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 Production Manager salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Media Production Manager is 5,820 XCD per month.

While someone with a Certificate or Diploma gets a salary of 6,650 XCD per month, 14% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 9,380 XCD per month, 41% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 11,400 XCD per month, 21% more than someone with Bachelor's Degree.


Media Production Manager average salary difference by education level in Grenada

High School
5,820 XCD
Certificate or Diploma+14%
6,650 XCD
Bachelor's Degree+41%
9,380 XCD
Master's Degree+21%
11,400 XCD
Percentage increase and decrease are relative to the previous value

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 Grenada costs anywhere from 31,300 East Caribbean Dollar(s) to 94,000 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 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.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Media Production Manager Salary Comparison By Gender

Salary comparison by gender monthly Grenada Media Production Manager
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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 Media Production Manager employees in Grenada earn 11% more than their female counterparts on average.

Male
8,710 XCD
Female-10%
7,830 XCD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Grenada for all Careers

Salary comparison by gender monthly Grenada
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Media Production Manager Average Annual Salary Increment Percentage in Grenada

How much are annual salary increments in Grenada for Media Production Manager(s)? How often do employees get salary raises?

Media Production Manager

Media Production Manager(s) in Grenada are likely to observe a salary increase of approximately 8% every 29 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Grenada Media Production Manager
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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.

Grenada / 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 Grenada is 2%.

Annual Increment Rate By Industry 2020

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

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

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Media Production Manager Bonus and Incentive Rates in Grenada

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Grenada Media Production Manager
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A Media Production Manager 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.

39% of surveyed staff 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 6% to 8% 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.

Media Production Manager Average Hourly Wage in Grenada


47 XCD per hour

The average hourly wage (pay per hour) in Grenada is 47 XCD. This means that the average Media Production Manager in Grenada earns approximately 47 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.

Media Production Manager VS Other Jobs

Salary Comparison Between Media Production Manager and Advertising / Grapic Design / Events monthly Grenada
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The average salary for Media Production Manager is 38% more than that of Advertising / Grapic Design / Events. Also, Advertising / Grapic Design / Events salaries are 6% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Advertising Account Executive6,420 XCD-22%
Advertising Account Manager7,380 XCD-10%
Advertising Account Planner3,620 XCD-56%
Advertising Coordinator4,860 XCD-41%
Advertising Manager9,670 XCD+18%
Advertising Operations Manager9,460 XCD+16%
Advertising Strategic Planner6,120 XCD-25%
Advertising Team Leader5,600 XCD-32%
Animator4,220 XCD-48%
Art Director5,710 XCD-30%
Artist5,050 XCD-38%
Artworker3,740 XCD-54%
Assistant Art Director4,900 XCD-40%
Audiosual Technician3,530 XCD-57%
Broadcast Administrator6,250 XCD-24%
Catering Sales3,780 XCD-54%
Catering Trainer4,330 XCD-47%
Commercial and Industrial Designer3,490 XCD-57%
Conference Organiser4,450 XCD-46%
Content and Media Production Lead7,150 XCD-13%
CopyWriter3,960 XCD-52%
Creative Designer4,350 XCD-47%
Creative Director5,730 XCD-30%
Designer 3,530 XCD-57%
Desktop Publisher2,930 XCD-64%
Director of Graphic Design5,390 XCD-34%
Events and Promotions Manager10,100 XCD+23%
Exhibit Display Coordinator4,690 XCD-43%
Exhibit Display Manager6,170 XCD-25%
Finisher3,180 XCD-61%
Graphic Artist3,800 XCD-54%
Graphic Designer3,760 XCD-54%
Graphics Design Supervisor5,380 XCD-34%
Imagery Analyst3,410 XCD-58%
Imaging Technologist3,360 XCD-59%
Interaction Designer2,910 XCD-64%
Media Planner4,850 XCD-41%
Media Production Coordinator4,610 XCD-44%
Media Production Manager8,180 XCD-0%
Media Project Manager8,330 XCD+2%
Media Relations Representative7,020 XCD-14%
Media Sales Executive7,460 XCD-9%
Multimedia Specialist3,360 XCD-59%
Photographer3,220 XCD-61%
PPC Campaign Manager5,890 XCD-28%
Print Production Manager6,250 XCD-24%
Product and Brand Manager9,810 XCD+20%
Sales Promotion Manager9,320 XCD+14%
Sketch Artist4,160 XCD-49%
Social Media Executive7,360 XCD-10%
Technical Typist2,800 XCD-66%
User Experience UX Designer4,000 XCD-51%
UX Designer3,640 XCD-56%

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 Grenada earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
6,020 XCD
Public Sector+7%
6,450 XCD
Percentage increase and decrease are relative to the previous value

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