HOME BROWSE SALARIES BEST PAYING JOBS
Browse Salaries
Best Paying Jobs
Salary Increase Letters

SAP Consultant Average Salary in Cayman Islands 2023

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


Average Yearly Salary
38,800 KYD
( 3,230 KYD monthly)

LOW
20,500
KYD
AVERAGE
38,800
KYD
HIGH
58,900
KYD

A person working as SAP Consultant in Cayman Islands typically earns around 38,800 KYD per year. Salaries range from 20,500 KYD (lowest) to 58,900 KYD (highest).

This is the average yearly salary including housing, transport, and other benefits. SAP Consultant salaries 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 Cayman Islands

Median and salary distribution Cayman Islands SAP Consultant yearly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cayman-islands/information-technology/it-consultancy/sap-consultant/median-and-salary-distribution-yearly-cayman-islands-sap-consultant.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
34,800 KYD or more
10% of people earn
31,100 to 34,800 KYD
20% of people earn
22,900 KYD or less
65% of people earn
22,900 to 31,100 KYD
Minimum Salary
20,500 KYD
Median
34,900 KYD
Maximum
58,900 KYD


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

  • Salary Range, Minimum Wage, and Starting Salary

    SAP Consultant salaries in Cayman Islands range from 20,500 KYD per year (starting salary) to 58,900 KYD per year (maximum salary). 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 34,900 KYD per year, which means that half (50%) of people working as SAP Consultant(s) are earning less than 34,900 KYD while the other half are earning more than 34,900 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 SAP Consultant(s) are earning less than 29,100 KYD while 75% of them are earning more than 29,100 KYD. Also from the diagram, 75% of SAP Consultant(s) are earning less than 39,500 KYD while 25% are earning more than 39,500 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 22,900 KYD to 31,100 KYD. Approximatly 20% fall under the 22,900 KYD cap. Ten percent of wages are from 31,100 KYD to 34,800 KYD. Only 5% of people grossed 34,800 KYD or more.

SAP Consultant Salary Comparison by Years of Experience

How does experience and age affect your pay?

SAP Consultant average salary change by experience in Cayman Islands

0 - 2 Years
23,600 KYD
2 - 5 Years+23%
29,000 KYD
5 - 10 Years+42%
41,100 KYD
10 - 15 Years+17%
48,000 KYD
15 - 20 Years+10%
52,800 KYD
20+ Years+6%
55,800 KYD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience yearly Cayman Islands SAP Consultant
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cayman-islands/information-technology/it-consultancy/sap-consultant/salary-comparison-by-years-of-experience-yearly-cayman-islands-sap-consultant.jpg

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 SAP Consultant salaries by experience level and this is what we found.

Employees with less than two years of experience makes approximately 23,600 KYD per year.

While someone with an experience level between two and five years is expected to earn 29,000 KYD per year, 23% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 41,100 KYD per year, 42% 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, SAP Consultant whose expertise span anywhere between ten and fifteen years get a salary equivalent to 48,000 KYD per year, 17% 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 52,800 KYD per year, 10% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 55,800 KYD per year, 6% more than people with fifteen to twenty years of experience.


Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

SAP Consultant Salary Comparison By Education

How do education levels affect salaries?

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

SAP Consultant average salary difference by education level in Cayman Islands

Certificate or Diploma
29,000 KYD
Bachelor's Degree+29%
37,400 KYD
Master's Degree+43%
53,500 KYD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level yearly Cayman Islands SAP Consultant
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cayman-islands/information-technology/it-consultancy/sap-consultant/salary-comparison-by-education-level-yearly-cayman-islands-sap-consultant.jpg

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 SAP Consultant salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary is 29,000 KYD per year.

While someone with a Bachelor's Degree gets a salary of 37,400 KYD per year, 29% more than someone having a Certificate or Diploma degree.

People with Master's Degree have an average salary of 53,500 KYD per year, 43% more than someone with a Bachelor's Degree.


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 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Salary and Compensation Comparison By Gender - SAP Consultant

Salary comparison by gender Cayman Islands SAP Consultant yearly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cayman-islands/information-technology/it-consultancy/sap-consultant/salary-comparison-by-gender-yearly-cayman-islands-sap-consultant.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male SAP Consultant employees in Cayman Islands earn 14% more than their female counterparts on average.

Male
40,700 KYD
Female-12%
35,700 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cayman-islands/salary-comparison-by-gender-yearly-cayman-islands.jpg

SAP Consultant Average Annual Salary Increment Percentage in Cayman Islands

How much are annual salary increments in Cayman Islands for SAP Consultant(s)? How often do employees get salary raises?

SAP Consultant

SAP Consultant(s) in Cayman Islands 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 Cayman Islands SAP Consultant
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cayman-islands/information-technology/it-consultancy/sap-consultant/annual-salary-increment-rate-cayman-islands-sap-consultant.jpg


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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cayman-islands/annual-salary-increment-rate-cayman-islands.jpg

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

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 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

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.

SAP Consultant Bonus and Incentive Rates in Cayman Islands

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Cayman Islands SAP Consultant
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cayman-islands/information-technology/it-consultancy/sap-consultant/annual-salary-bonus-rate-cayman-islands-sap-consultant.jpg

"SAP Consultant" is considered to be a moderate bonus-based job. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

66% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 34% 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
34%
No Bonus
66%

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.

SAP Consultant Salary Trend and Forecast in Cayman Islands

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

Average Salary 2019
35,300 KYD
Average Salary 2020+3%
36,300 KYD
Average Salary 2021+3%
37,500 KYD
Average Salary 2022+1%
38,000 KYD
Percentage increase and decrease are relative to the previous value

SAP Consultant salaries in Cayman Islands are on the rise 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 SAP Consultant
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cayman-islands/information-technology/it-consultancy/sap-consultant/salary-trends-and-forecast-yearly-cayman-islands-sap-consultant.jpg

SAP Consultant Average Hourly Wage in Cayman Islands


19 KYD per hour

The average hourly wage (pay per hour) in Cayman Islands is 19 KYD. This means that the average SAP Consultant in Cayman Islands earns approximately 19 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?

The minimum pay rate per hour for 'SAP Consultant' in Cayman Islands is 10 KYD. 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

38,800 KYD
42,000 KYD
39,100 KYD
Average Salary
SAP Consultant
Average Salary
IT Consultancy
Average Salary
Information Technology

The average salary for SAP Consultant is 8% less than that of IT Consultancy. Also, IT Consultancy salaries are 8% more than those of Information Technology.

Salary Comparison Between SAP Consultant and Information Technology yearly Cayman Islands
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cayman-islands/information-technology/it-consultancy/sap-consultant/salary-comparison-between-sap-consultant-and-information-technology-yearly-cayman-islands.jpg

Salary comparison with similar jobs

Job TitleAverage Salary
Advertising Account Planner32,900 KYD-15%
Application Consultant45,200 KYD+17%
Business Process Consultant41,200 KYD+6%
ERP / CRM Technical Consultant39,900 KYD+3%
Information Program Director52,100 KYD+34%
Information Services Consultant43,000 KYD+11%
Information Technology Consultant44,000 KYD+14%
SAP Consultant38,800 KYD+0%
Sharepoint Consultant40,200 KYD+4%
Systems Consultant44,900 KYD+16%
Technical Consultant44,000 KYD+14%
Test Analyst34,700 KYD-10%
Testing Manager48,200 KYD+24%

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 SAP Consultant in Cayman Islands?

A good and competitive compensation would range anywhere between 34,900 KYD and 39,500 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 SAP Consultant in Cayman Islands is ranges from 29,100 KYD to 39,500 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


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home Salary Comparison

©Salary Explorer 2023