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SAP Consultant Average Salary in Bermuda 2023

How much money does a person working as SAP Consultant make in Bermuda?


Average Monthly Salary
1,730 BMD
( 20,800 BMD yearly)

LOW
900
BMD
AVERAGE
1,730
BMD
HIGH
2,650
BMD
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as SAP Consultant in Bermuda typically earns around 1,730 BMD. Salaries range from 900 BMD (lowest) to 2,650 BMD (highest).


Salary Variance

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

SAP Consultant Pay Scale and Salaries in Bermuda

Median and salary distribution Bermuda SAP Consultant monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
1,570 BMD or more
10% of people earn
1,400 to 1,570 BMD
20% of people earn
1,020 BMD or less
65% of people earn
1,020 to 1,400 BMD
Minimum Salary
900 BMD
Median
1,580 BMD
Maximum
2,650 BMD


Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position SAP Consultant in Bermuda range from 900 BMD (starting salary) to 2,650 BMD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 1,580 BMD, half of the professionals who work as SAP Consultant in Bermuda earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as SAP Consultant in Bermuda earn less than 1,310 BMD, while 75% earn more. Similarly, the chart shows that 75% earn less than 1,790 BMD while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title SAP Consultant in Bermuda compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,020 BMD to 1,400 BMD. About 20% of salaries are below the 1,020 BMD mark, while 10% fall within the range of 1,400 BMD to 1,570 BMD. Only 5% of individuals have salaries exceeding 1,570 BMD.

Salary Comparison by Years of Experience / SAP Consultant / Bermuda

How do experience and age affect pay?

0 - 2 Years
1,030 BMD
2 - 5 Years+34%
1,380 BMD
5 - 10 Years+30%
1,790 BMD
10 - 15 Years+21%
2,160 BMD
15 - 20 Years+9%
2,370 BMD
20+ Years+5%
2,490 BMD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Bermuda SAP Consultant
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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. We broke down salaries by experience level for people working as SAP Consultant and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 1,030 BMD.

While someone with an experience level between two and five years is expected to earn 1,380 BMD, 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 1,790 BMD, 30% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,160 BMD, 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 2,370 BMD, 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 2,490 BMD, 5% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / SAP Consultant / Bermuda

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as SAP Consultant.

Certificate or Diploma
1,220 BMD
Bachelor's Degree+52%
1,850 BMD
Master's Degree+42%
2,620 BMD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Bermuda SAP Consultant
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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 salaries by education level for the position SAP Consultant in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 1,220 BMD.


Level 2: Bachelor's Degree

At this level, the average salary becomes 1,850 BMD, 52% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 2,620 BMD, 42% more than the previous level.



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 Bermuda costs anywhere from 7,970 BMD to 23,900 BMD 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 to a higher-paying job. The numbers seem to support the theory. 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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Salary and Compensation Comparison By Gender / SAP Consultant / Bermuda

Salary comparison by gender Bermuda SAP Consultant monthly
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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? For the people who work as SAP Consultant in Bermuda, the average difference between the salary of male and female employees is 11%.

Male
1,850 BMD
Female-10%
1,660 BMD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bermuda for all Careers

Salary comparison by gender monthly Bermuda
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Average Annual Salary Increment Percentage / SAP Consultant / Bermuda

How much are annual salary increments in Bermuda for individuals working as SAP Consultant? How often do employees get salary raises?

Individuals working as SAP Consultant in Bermuda are likely to observe a salary increase of approximately 9% every 29 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Bermuda SAP Consultant
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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.

Bermuda / All Professions

Annual Salary Increment Rate Bermuda
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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 Bermuda is 2%.

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

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / SAP Consultant / Bermuda

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bermuda SAP Consultant
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65% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 35% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.

Received Bonus
35%
No Bonus
65%

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.

Salary Trend and Forecast / SAP Consultant / Bermuda

How are salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Average Salary 2019
1,540 BMD
Average Salary 2020+4%
1,600 BMD
Average Salary 2021+2%
1,630 BMD
Average Salary 2022+3%
1,670 BMD
Percentage increase and decrease are relative to the previous value

Salaries for individuals working as SAP Consultant in Bermuda are on the rise in the year 2023 based on recently submitted salaries and reports. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from one industry to another.

Salary trends and forecast monthly Bermuda SAP Consultant
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Average Hourly Wage / SAP Consultant / Bermuda


10 BMD per hour

The average hourly wage (pay per hour) for individuals working as SAP Consultant in Bermuda is 10 BMD.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as SAP Consultant in Bermuda is 5 BMD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

SAP Consultant VS Other Jobs

1,730 BMD
1,720 BMD
1,600 BMD
Average Salary
SAP Consultant
Average Salary
IT Consultancy
Average Salary
Information Technology
Salary Comparison Between SAP Consultant and Information Technology monthly Bermuda
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Salary comparison with similar jobs

Job TitleAverage Salary
Advertising Account Planner1,370 BMD-21%
Application Consultant1,850 BMD+7%
Business Process Consultant1,590 BMD-8%
ERP / CRM Technical Consultant1,650 BMD-5%
Information Program Director2,090 BMD+20%
Information Services Consultant1,940 BMD+12%
Information Technology Consultant1,850 BMD+7%
SAP Consultant1,730 BMD-0%
Sharepoint Consultant1,620 BMD-7%
Systems Consultant1,800 BMD+4%
Technical Consultant1,740 BMD+0%
Test Analyst1,570 BMD-10%
Testing Manager2,070 BMD+19%

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Bermuda is 14% on average across all career fields.

Private Sector
1,470 BMD
Public Sector+14%
1,670 BMD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title SAP Consultant in Bermuda?

A good and competitive compensation would range anywhere between 1,580 BMD and 1,790 BMD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like SAP Consultant in Bermuda ranges from 1,310 BMD to 1,790 BMD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


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