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Pharmaceutical and Biotechnology Average Salaries in Cayman Islands 2023

How much money does a person working in Pharmaceutical and Biotechnology make in Cayman Islands?

Average Yearly Salary
52,300 KYD
( 4,360 KYD monthly)


A person working in Pharmaceutical and Biotechnology in Cayman Islands typically earns around 52,300 KYD per year. Salaries range from 26,000 KYD (lowest average) to 92,600 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 Pharmaceutical and Biotechnology 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 TitleAverage Salary
Assistant Pharmacist33,500 KYD
Assistant Pharmacy Director60,800 KYD
Associate Medical Affairs Director83,900 KYD
Bioinformatics Scientist76,800 KYD
Bioinformatics Technician33,300 KYD
Biological Scientist81,000 KYD
Biological Technician36,100 KYD
Biomedical Engineer34,100 KYD
Biomedical Engineering Director62,400 KYD
Biostatistician52,600 KYD
Biotechnologist 52,400 KYD
Biotechnology Lead Data Manager40,500 KYD
Chemical Process Technician34,700 KYD
Clinical Consultant52,700 KYD
Clinical Data Manager48,000 KYD
Clinical Data Specialist46,000 KYD
Clinical Operations Manager70,900 KYD
Clinical Pharmacist51,200 KYD
Clinical Pharmacy Specialist62,000 KYD
Clinical Programmer25,000 KYD
Clinical Project Manager46,000 KYD
Clinical Research Associate42,800 KYD
Clinical Research Manager74,100 KYD
Clinical Study Manager61,300 KYD
Compliance Specialist53,100 KYD
Cytology Laboratory Technologist40,500 KYD
Cytotechnologist42,200 KYD
GCP Auditor42,500 KYD
Hospital Pharmacy Technician38,400 KYD
Manufacturing Engineer42,000 KYD
Medical Affairs Director75,000 KYD
Medical Representative 34,900 KYD
Medical Science Liaison55,600 KYD
Molecular and Cellular Biologist82,200 KYD
Nuclear Pharmacist53,600 KYD
Pharmaceutical Manufacturing Lead96,400 KYD
Pharmaceutical Operations Excellence Manager81,000 KYD
Pharmaceutical Process Engineer46,400 KYD
Pharmaceutical Production Assistant Manager54,400 KYD
Pharmaceutical Quality Auditor53,900 KYD
Pharmaceutical Regulatory Affairs Assistant41,900 KYD
Pharmaceutical Regulatory Affairs Specialist42,500 KYD
Pharmaceutical Research Associate52,400 KYD
Pharmaceutical Research Scientist77,400 KYD
Pharmaceutical Researcher75,300 KYD
Pharmaceutical Sales and Marketing Manager58,300 KYD
Pharmaceutical Sales Manager75,300 KYD
Pharmaceutical Sales Representative32,900 KYD
Pharmaceutical Supply Chain Manager80,700 KYD
Pharmaceutical Team Leader52,800 KYD
Pharmaceutical Technologist37,100 KYD
Pharmacist48,200 KYD
Pharmacy Aide31,500 KYD
Pharmacy Manager70,900 KYD
Pharmacy Stock Controller28,200 KYD
Pharmacy Technician28,900 KYD
Records Management Coordinator27,600 KYD
Shift Encapsulator31,100 KYD
Staff Pharmacist50,200 KYD

Pharmaceutical and Biotechnology Jobs Pay Scale and Salaries in Cayman Islands

Median and salary distribution Cayman Islands Pharmaceutical and Biotechnology yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
51,100 KYD or more
10% of people earn
44,600 to 51,100 KYD
20% of people earn
30,400 KYD or less
65% of people earn
30,400 to 44,600 KYD
Minimum Salary
26,000 KYD
46,900 KYD
92,600 KYD

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

  • Salary Range, Minimum Wage, and Starting Salary

    Pharmaceutical and Biotechnology salaries in Cayman Islands range from 26,000 KYD per year (starting average salary) to 92,600 KYD per year (maximum average salary, actual maximum is higher). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.

  • Median Salary

    The median salary is 46,900 KYD per year, which means that half (50%) of people working in Pharmaceutical and Biotechnology are earning less than 46,900 KYD while the other half are earning more than 46,900 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 and Salary Scale

    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 Pharmaceutical and Biotechnology are earning less than 38,500 KYD while 75% of them are earning more than 38,500 KYD. Also from the diagram, 75% of people working in Pharmaceutical and Biotechnology are earning less than 54,600 KYD while 25% are earning more than 54,600 KYD.

  • Pay Scale Structure

    We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 30,400 KYD to 44,600 KYD. Approximatly 20% fall under the 30,400 KYD cap. Ten percent of wages are from 44,600 KYD to 51,100 KYD. Only 5% of people grossed 51,100 KYD or more.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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.

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.

Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

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.

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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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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.

Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

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.

Salary and Compensation Comparison By Gender - Pharmaceutical and Biotechnology

Salary comparison by gender Cayman Islands Pharmaceutical and Biotechnology yearly
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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 employees in Cayman Islands who work in Pharmaceutical and Biotechnology earn 14% more than their female counterparts on average.

54,900 KYD
48,100 KYD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Cayman Islands for all Careers

Salary comparison by gender yearly Cayman Islands
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Pharmaceutical and Biotechnology Average Annual Salary Increment Percentage in Cayman Islands

How much are annual salary increments in Cayman Islands for Pharmaceutical and Biotechnology professionals? How often do employees get salary raises?

Pharmaceutical and Biotechnology

Pharmaceutical and Biotechnology professionals in Cayman Islands are likely to observe a salary increase of approximately 6% every 27 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Cayman Islands Pharmaceutical and Biotechnology
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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.

Cayman Islands / All Professions

Annual Salary Increment Rate Cayman Islands
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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 Cayman Islands is 2%.

Annual Increment Rate By Industry 2022

Information Technology

Listed above are the average annual increase rates for each industry in Cayman Islands 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.

Pharmaceutical and Biotechnology Bonus and Incentive Rates in Cayman Islands

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Cayman Islands Pharmaceutical and Biotechnology
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Pharmaceutical and Biotechnology is considered to be a moderate bonus-based field. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

68% of surveyed staff in Pharmaceutical and Biotechnology reported that they haven't received any bonuses or incentives in the previous year while 32% 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
No Bonus

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.

A graphics designer working for a graphics designing company.

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.

Pharmaceutical and Biotechnology Salary Forecast and Trend in Cayman Islands

How do Pharmaceutical and Biotechnology salaries change over time? Listed below is a chart that shows the average salary in recent years.

Average Salary 2019
47,600 KYD
Average Salary 2020+3%
49,000 KYD
Average Salary 2021+3%
50,600 KYD
Average Salary 2022+1%
51,300 KYD
Percentage increase and decrease are relative to the previous value

Pharmaceutical and Biotechnology salaries in Cayman Islands are rising in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 1% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.

Salary trends and forecast yearly Cayman Islands Pharmaceutical and Biotechnology
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Pharmaceutical and Biotechnology Hourly Average Wage in Cayman Islands

25 KYD per hour

The 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.

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 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.

What is the minimum hourly rate of pay?

This minimum pay rate per hour for a person in Cayman Islands is 13 KYD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Pharmaceutical and Biotechnology VS Other Jobs

52,300 KYD
38,900 KYD
Average Salary
Pharmaceutical and Biotechnology
Average Salary
All Jobs

The average salary for Pharmaceutical and Biotechnology is 34% more than that of All Jobs.

Salary Comparison Between Pharmaceutical and Biotechnology and Pharmaceutical and Biotechnology yearly Cayman Islands
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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
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 Pharmaceutical and Biotechnology in Cayman Islands?

A good and competitive compensation would range anywhere between 46,900 KYD and 54,600 KYD. This is a very rough estimate and your experience and education will play a very huge part into your 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 salart after tax for every career.

Base / Basic Salary

The base salary for Pharmaceutical and Biotechnology in Cayman Islands is ranges from 38,500 KYD to 54,600 KYD. 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 in 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 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

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