Average Accreditation Manager Salary in Turks and Caicos Islands for 2024

In this article, we will look at the average Accreditation Manager salary for 2024 in Turks and Caicos Islands and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does an Accreditation Manager Make in Turks and Caicos Islands?

An Accreditation Manager working in Turks and Caicos Islands will typically earn around 21,400 USD per year, and this can range from the lowest average salary of about 9,740 USD to the highest average salary of 31,520 USD.

Average Annual Salary
21,400 USD
Average Monthly Salary
1,783 USD

Lowest Annual Salary
9,740 USD
Lowest Monthly Salary
811 USD

Highest Annual Salary
31,520 USD
Highest Monthly Salary
2,626 USD

These are average salaries for an Accreditation Manager in Turks and Caicos Islands and include benefits such as housing and transport. It's also possible for an Accreditation Manager to earn more or less than the average salaries shown above.

Accreditation Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Accreditation Manager Salaries in Turks and Caicos Islands

So we've looked at the average salaries an Accreditation Manager will earn in Turks and Caicos Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Accreditation Manager can earn between 9,740 USD and 31,520 USD on average in Turks and Caicos Islands. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Accreditation Manager in Turks and Caicos Islands is 21,400 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 21,400 USD, and 50% of the population earn more than 21,400 USD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Accreditation Manager salary in Turks and Caicos Islands, 25% of the population are earning less than 13,560 USD while 75% of the population earn more than 13,560 USD.

75% of the population earn less than 25,660 USD, and 25% of the population earn more than 25,660 USD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Accreditation Manager Salary by Experience Level in Turks and Caicos Islands

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average accreditation manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Accreditation Manager in Turks and Caicos Islands that has less than two years of experience can expect to earn somewhere in the region of 13,700 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Accreditation Manager salary would increase to 15,380 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Accreditation Manager, the average salary would be 22,420 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 25,720 USD.
  • 15 - 20 Years Experience. An Accreditation Manager with 15 to 20 years of experience can earn an average of 27,480 USD.
  • 20+ Years Experience. For an Accreditation Manager with more than 20 years, the expected average salary increases to 30,220 USD.

Average Salary by Experience Chart

0-2 Years
13,700 USD
2-5 Years +32%
15,380 USD
5-10 Years +34%
22,420 USD
10-15 Years +19%
25,720 USD
15-20 Years +8%
27,480 USD
20+ Years +7%
30,220 USD

Accreditation Manager Salary by Education Level in Turks and Caicos Islands

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Accreditation Manager in Turks and Caicos Islands based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. An Accreditation Manager in Turks and Caicos Islands with a bachelor's degree education can earn an average salary of 19,200 USD.

  • Master's Degree. An Accreditation Manager in Turks and Caicos Islands with a master's degree education can earn an average salary of 28,720 USD.

Average Salary by Education Chart

Bachelor's Degree
19,200 USD
Master's Degree +58%
28,720 USD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Turks and Caicos Islands is around 7,430 to 22,300 USD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Accreditation Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Turks and Caicos Islands, a male accreditation manager will earn an average of 20,000 USD, while a female accreditation manager will earn around 19,380 USD.

This means that a male accreditation manager earns approximately 3% more than a female accreditation manager for performing the same job.

Average Salary by Gender Chart in Turks and Caicos Islands

Male
20,000 USD
Female -3%
19,380 USD

Accreditation Manager Average Pay Raise in Turks and Caicos Islands

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Accreditation Manager in Turks and Caicos Islands is around 6% every 32 months.

The national average pay raise across all professions and industries in Turks and Caicos Islands is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 6 ÷ 32 ) × 12  = 2%

What this means is that an Accreditation Manager in Turks and Caicos Islands can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Turks and Caicos Islands for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Turks and Caicos Islands.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Accreditation Manager Bonus and Incentive Rates in Turks and Caicos Islands

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Accreditation Manager is a low bonus based job, with 38% of employees reporting at least one bonus in the last 12 months.

62% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Received Bonus
38%
No Bonus
62%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Turks and Caicos Islands earn approximately 3% less than private sector employees in the same role.

Public Sector
18,280 USD
Private Sector +3%
18,780 USD

Salaries for Jobs Similar to an Accreditation Manager

In the table below, we have salary information for jobs that are similar to an Accreditation Manager in Turks and Caicos Islands.

Job Title Category Salary
Accreditation Coordinator Law Enforcement / Security / Fire 16,880 USD
Advocate Law Enforcement / Security / Fire 13,780 USD
Armed Security Officer Law Enforcement / Security / Fire 13,960 USD
Company Guard Law Enforcement / Security / Fire 8,440 USD
Control Room Operator Law Enforcement / Security / Fire 3,940 USD
Correctional Officer Law Enforcement / Security / Fire 8,880 USD
Criminal Investigator Law Enforcement / Security / Fire 21,560 USD
Facility Monitor Law Enforcement / Security / Fire 12,840 USD
Fire Chief Law Enforcement / Security / Fire 21,380 USD
Fire Dispatcher Law Enforcement / Security / Fire 10,380 USD
Fire Education Specialist Law Enforcement / Security / Fire 15,380 USD
Fire Extinguisher Technician Law Enforcement / Security / Fire 5,040 USD
Fire Fighter Law Enforcement / Security / Fire 8,880 USD
Fire Inspector Law Enforcement / Security / Fire 18,780 USD
Fire Investigator Law Enforcement / Security / Fire 19,640 USD
Fire Prevention Engineer Law Enforcement / Security / Fire 18,260 USD
Fire Prevention Officer Law Enforcement / Security / Fire 14,200 USD
Fire Protection Specialist Law Enforcement / Security / Fire 15,760 USD
Forensic Investigator Law Enforcement / Security / Fire 16,980 USD
Forensic Science Technician Law Enforcement / Security / Fire 17,860 USD
Fraud and Forensic Specialist Law Enforcement / Security / Fire 19,020 USD
Fraud Examiner Law Enforcement / Security / Fire 19,380 USD
Grants Specialist Law Enforcement / Security / Fire 20,760 USD
Intellectual Property Associate Law Enforcement / Security / Fire 18,780 USD
Intelligence Research Specialist Law Enforcement / Security / Fire 28,180 USD
Investigator Law Enforcement / Security / Fire 18,940 USD
Jail Officer Law Enforcement / Security / Fire 10,100 USD
Juvenile Probation Officer Law Enforcement / Security / Fire 13,780 USD
Juvenile Supervision Officer Law Enforcement / Security / Fire 14,540 USD
Lock-Smith Law Enforcement / Security / Fire 5,160 USD
Parole Officer Law Enforcement / Security / Fire 8,100 USD
Police Captain Law Enforcement / Security / Fire 22,660 USD
Police Communications Officer Law Enforcement / Security / Fire 12,620 USD
Police Officer Law Enforcement / Security / Fire 10,000 USD
Police Patrol Officer Law Enforcement / Security / Fire 10,380 USD
Prison Officer Law Enforcement / Security / Fire 6,440 USD
Prisoner Custody Officer Law Enforcement / Security / Fire 7,040 USD
Private Detective / Investigator Law Enforcement / Security / Fire 17,740 USD
Security Adviser Law Enforcement / Security / Fire 19,020 USD
Security Guard Law Enforcement / Security / Fire 3,940 USD
Security Management Specialist Law Enforcement / Security / Fire 29,040 USD
Security Manager Law Enforcement / Security / Fire 25,160 USD
Security Officer Law Enforcement / Security / Fire 5,040 USD
Security Supervisor Law Enforcement / Security / Fire 14,920 USD
Security Systems Installer Law Enforcement / Security / Fire 17,020 USD
Security Technician Law Enforcement / Security / Fire 5,400 USD
Surveillance Operator Law Enforcement / Security / Fire 6,280 USD
Traffic Controller Law Enforcement / Security / Fire 12,760 USD

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Accreditation Manager Salary in Turks and Caicos Islands for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-accreditation-manager-salary-in-turks-and-caicos-islands/.

  • "Average Accreditation Manager Salary in Turks and Caicos Islands for 2024". World Salaries, https://worldsalaries.com/average-accreditation-manager-salary-in-turks-and-caicos-islands/. Accessed 28 March, 2024

  • Average Accreditation Manager Salary in Turks and Caicos Islands for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-accreditation-manager-salary-in-turks-and-caicos-islands/.