Average Armed Security Officer Salary in Cayman Islands for 2024

In this article, we will look at the average Armed Security Officer salary for 2024 in Cayman 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 Cayman Islands dollar. To keep things simple, we are using the KYD currency code instead of the currency symbol $.

How Much Does an Armed Security Officer Make in Cayman Islands?

An Armed Security Officer working in Cayman Islands will typically earn around 27,000 KYD per year, and this can range from the lowest average salary of about 13,000 KYD to the highest average salary of 43,200 KYD.

Average Annual Salary
27,000 KYD
Average Monthly Salary
2,250 KYD

Lowest Annual Salary
13,000 KYD
Lowest Monthly Salary
1,083 KYD

Highest Annual Salary
43,200 KYD
Highest Monthly Salary
3,600 KYD

These are average salaries for an Armed Security Officer in Cayman Islands and include benefits such as housing and transport. It's also possible for an Armed Security Officer to earn more or less than the average salaries shown above.

Armed Security Officer 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 Armed Security Officer Salaries in Cayman Islands

So we've looked at the average salaries an Armed Security Officer will earn in Cayman Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Armed Security Officer can earn between 13,000 KYD and 43,200 KYD on average in Cayman 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 Armed Security Officer in Cayman Islands is 27,400 KYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 27,400 KYD, and 50% of the population earn more than 27,400 KYD.

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 Armed Security Officer salary in Cayman Islands, 25% of the population are earning less than 17,100 KYD while 75% of the population earn more than 17,100 KYD.

75% of the population earn less than 35,600 KYD, and 25% of the population earn more than 35,600 KYD.

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.

Armed Security Officer Salary by Experience Level in Cayman 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 armed security officer 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 Armed Security Officer in Cayman Islands that has less than two years of experience can expect to earn somewhere in the region of 13,100 KYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Armed Security Officer salary would increase to 23,000 KYD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Armed Security Officer, the average salary would be 29,600 KYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 34,000 KYD.
  • 15 - 20 Years Experience. An Armed Security Officer with 15 to 20 years of experience can earn an average of 35,000 KYD.
  • 20+ Years Experience. For an Armed Security Officer with more than 20 years, the expected average salary increases to 41,300 KYD.

Average Salary by Experience Chart

0-2 Years
13,100 KYD
2-5 Years +42%
23,000 KYD
5-10 Years +31%
29,600 KYD
10-15 Years +23%
34,000 KYD
15-20 Years +6%
35,000 KYD
20+ Years +10%
41,300 KYD

Armed Security Officer Salary by Education Level in Cayman 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 Armed Security Officer in Cayman Islands based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An Armed Security Officer in Cayman Islands with a high school education can earn an average salary of 20,300 KYD.

  • Certificate or Diploma. An Armed Security Officer in Cayman Islands with a certificate or diploma education can earn an average salary of 28,800 KYD.

  • Bachelor's Degree. An Armed Security Officer in Cayman Islands with a bachelor's degree education can earn an average salary of 36,800 KYD.

Average Salary by Education Chart

High School
20,300 KYD
Certificate or Diploma +47%
28,800 KYD
Bachelor's Degree +34%
36,800 KYD

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 Cayman Islands is around 16,200 to 48,600 KYD 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.

Armed Security Officer 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 Cayman Islands, a male armed security officer will earn an average of 26,400 KYD, while a female armed security officer will earn around 27,400 KYD.

This means that a male armed security officer earns approximately 4% less than a female armed security officer for performing the same job.

Average Salary by Gender Chart in Cayman Islands

Male
26,400 KYD
Female +4%
27,400 KYD

Armed Security Officer Average Pay Raise in Cayman 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 Armed Security Officer in Cayman Islands is around 6% every 30 months.

The national average pay raise across all professions and industries in Cayman Islands is around 5% every 28 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 ÷ 30 ) × 12  = 2%

What this means is that an Armed Security Officer in Cayman Islands can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Cayman Islands for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Armed Security Officer Bonus and Incentive Rates in Cayman 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 Armed Security Officer is a low bonus based job, with 14% of employees reporting at least one bonus in the last 12 months.

86% 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 0% to 4%.

Received Bonus
14%
No Bonus
86%

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 Cayman Islands earn approximately 17% more than private sector employees in the same role.

Public Sector
43,500 KYD
Private Sector -17%
37,200 KYD

Salaries for Jobs Similar to an Armed Security Officer

In the table below, we have salary information for jobs that are similar to an Armed Security Officer in Cayman Islands.

Job Title Category Salary
Accreditation Coordinator Law Enforcement / Security / Fire 33,600 KYD
Accreditation Manager Law Enforcement / Security / Fire 46,700 KYD
Advocate Law Enforcement / Security / Fire 27,200 KYD
Company Guard Law Enforcement / Security / Fire 15,300 KYD
Control Room Operator Law Enforcement / Security / Fire 12,800 KYD
Correctional Officer Law Enforcement / Security / Fire 23,800 KYD
Criminal Investigator Law Enforcement / Security / Fire 42,700 KYD
Facility Monitor Law Enforcement / Security / Fire 22,200 KYD
Fire Chief Law Enforcement / Security / Fire 43,800 KYD
Fire Dispatcher Law Enforcement / Security / Fire 21,100 KYD
Fire Education Specialist Law Enforcement / Security / Fire 34,800 KYD
Fire Extinguisher Technician Law Enforcement / Security / Fire 13,500 KYD
Fire Fighter Law Enforcement / Security / Fire 23,000 KYD
Fire Inspector Law Enforcement / Security / Fire 38,700 KYD
Fire Investigator Law Enforcement / Security / Fire 42,600 KYD
Fire Prevention Engineer Law Enforcement / Security / Fire 32,600 KYD
Fire Prevention Officer Law Enforcement / Security / Fire 29,300 KYD
Fire Protection Specialist Law Enforcement / Security / Fire 36,800 KYD
Forensic Investigator Law Enforcement / Security / Fire 36,800 KYD
Forensic Science Technician Law Enforcement / Security / Fire 38,700 KYD
Fraud and Forensic Specialist Law Enforcement / Security / Fire 41,500 KYD
Fraud Examiner Law Enforcement / Security / Fire 45,700 KYD
Grants Specialist Law Enforcement / Security / Fire 49,700 KYD
Intellectual Property Associate Law Enforcement / Security / Fire 37,100 KYD
Intelligence Research Specialist Law Enforcement / Security / Fire 64,100 KYD
Investigator Law Enforcement / Security / Fire 41,700 KYD
Jail Officer Law Enforcement / Security / Fire 19,400 KYD
Juvenile Probation Officer Law Enforcement / Security / Fire 26,500 KYD
Juvenile Supervision Officer Law Enforcement / Security / Fire 27,700 KYD
Lock-Smith Law Enforcement / Security / Fire 12,800 KYD
Parole Officer Law Enforcement / Security / Fire 20,200 KYD
Police Captain Law Enforcement / Security / Fire 49,700 KYD
Police Communications Officer Law Enforcement / Security / Fire 27,200 KYD
Police Officer Law Enforcement / Security / Fire 23,100 KYD
Police Patrol Officer Law Enforcement / Security / Fire 18,600 KYD
Prison Officer Law Enforcement / Security / Fire 15,700 KYD
Prisoner Custody Officer Law Enforcement / Security / Fire 17,000 KYD
Private Detective / Investigator Law Enforcement / Security / Fire 39,300 KYD
Security Adviser Law Enforcement / Security / Fire 42,700 KYD
Security Guard Law Enforcement / Security / Fire 13,200 KYD
Security Management Specialist Law Enforcement / Security / Fire 58,600 KYD
Security Manager Law Enforcement / Security / Fire 59,500 KYD
Security Officer Law Enforcement / Security / Fire 13,600 KYD
Security Supervisor Law Enforcement / Security / Fire 32,900 KYD
Security Systems Installer Law Enforcement / Security / Fire 33,200 KYD
Security Technician Law Enforcement / Security / Fire 13,400 KYD
Surveillance Operator Law Enforcement / Security / Fire 16,400 KYD
Traffic Controller Law Enforcement / Security / Fire 22,400 KYD

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