Average Asset Protection Specialist Salary in Saint Vincent and the Grenadines for 2024

In this article, we will look at the average Asset Protection Specialist salary for 2024 in Saint Vincent and the Grenadines 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 Eastern Caribbean dollar. To keep things simple, we are using the XCD currency code instead of the currency symbol $.

How Much Does an Asset Protection Specialist Make in Saint Vincent and the Grenadines?

An Asset Protection Specialist working in Saint Vincent and the Grenadines will typically earn around 36,020 XCD per year, and this can range from the lowest average salary of about 17,860 XCD to the highest average salary of 61,180 XCD.

Average Annual Salary
36,020 XCD
Average Monthly Salary
3,001 XCD

Lowest Annual Salary
17,860 XCD
Lowest Monthly Salary
1,488 XCD

Highest Annual Salary
61,180 XCD
Highest Monthly Salary
5,098 XCD

These are average salaries for an Asset Protection Specialist in Saint Vincent and the Grenadines and include benefits such as housing and transport. It's also possible for an Asset Protection Specialist to earn more or less than the average salaries shown above.

Asset Protection Specialist 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 Asset Protection Specialist Salaries in Saint Vincent and the Grenadines

So we've looked at the average salaries an Asset Protection Specialist will earn in Saint Vincent and the Grenadines. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Asset Protection Specialist can earn between 17,860 XCD and 61,180 XCD on average in Saint Vincent and the Grenadines. 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 Asset Protection Specialist in Saint Vincent and the Grenadines is 41,700 XCD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 41,700 XCD, and 50% of the population earn more than 41,700 XCD.

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 Asset Protection Specialist salary in Saint Vincent and the Grenadines, 25% of the population are earning less than 27,040 XCD while 75% of the population earn more than 27,040 XCD.

75% of the population earn less than 53,840 XCD, and 25% of the population earn more than 53,840 XCD.

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.

Asset Protection Specialist Salary by Experience Level in Saint Vincent and the Grenadines

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 asset protection specialist 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 Asset Protection Specialist in Saint Vincent and the Grenadines that has less than two years of experience can expect to earn somewhere in the region of 21,020 XCD.
  • 2 - 5 Years Experience. With two to five years of experience the average Asset Protection Specialist salary would increase to 28,720 XCD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Asset Protection Specialist, the average salary would be 39,420 XCD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 49,300 XCD.
  • 15 - 20 Years Experience. An Asset Protection Specialist with 15 to 20 years of experience can earn an average of 51,340 XCD.
  • 20+ Years Experience. For an Asset Protection Specialist with more than 20 years, the expected average salary increases to 57,320 XCD.

Average Salary by Experience Chart

0-2 Years
21,020 XCD
2-5 Years +38%
28,720 XCD
5-10 Years +42%
39,420 XCD
10-15 Years +22%
49,300 XCD
15-20 Years +6%
51,340 XCD
20+ Years +9%
57,320 XCD

Asset Protection Specialist Salary by Education Level in Saint Vincent and the Grenadines

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 Asset Protection Specialist in Saint Vincent and the Grenadines 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 Asset Protection Specialist in Saint Vincent and the Grenadines with a high school education can earn an average salary of 25,940 XCD.

  • Certificate or Diploma. An Asset Protection Specialist in Saint Vincent and the Grenadines with a certificate or diploma education can earn an average salary of 31,540 XCD.

  • Bachelor's Degree. An Asset Protection Specialist in Saint Vincent and the Grenadines with a bachelor's degree education can earn an average salary of 41,480 XCD.

  • Master's Degree. An Asset Protection Specialist in Saint Vincent and the Grenadines with a master's degree education can earn an average salary of 57,320 XCD.

Average Salary by Education Chart

High School
25,940 XCD
Certificate or Diploma +17%
31,540 XCD
Bachelor's Degree +45%
41,480 XCD
Master's Degree +31%
57,320 XCD

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 Saint Vincent and the Grenadines is around 17,000 to 50,900 XCD 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.

Asset Protection Specialist 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 Saint Vincent and the Grenadines, a male asset protection specialist will earn an average of 38,780 XCD, while a female asset protection specialist will earn around 36,160 XCD.

This means that a male asset protection specialist earns approximately 7% more than a female asset protection specialist for performing the same job.

Average Salary by Gender Chart in Saint Vincent and the Grenadines

Male
38,780 XCD
Female -7%
36,160 XCD

Asset Protection Specialist Average Pay Raise in Saint Vincent and the Grenadines

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 Asset Protection Specialist in Saint Vincent and the Grenadines is around 5% every 31 months.

The national average pay raise across all professions and industries in Saint Vincent and the Grenadines 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 = ( 5 ÷ 31 ) × 12  = 2%

What this means is that an Asset Protection Specialist in Saint Vincent and the Grenadines can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Saint Vincent and the Grenadines for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Saint Vincent and the Grenadines.

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%

Asset Protection Specialist Bonus and Incentive Rates in Saint Vincent and the Grenadines

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 Asset Protection Specialist is a low bonus based job, with 40% of employees reporting at least one bonus in the last 12 months.

60% 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 2% to 7%.

Received Bonus
40%
No Bonus
60%

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 Saint Vincent and the Grenadines earn approximately 19% more than private sector employees in the same role.

Public Sector
45,060 XCD
Private Sector -19%
37,880 XCD

Salaries for Jobs Similar to an Asset Protection Specialist

In the table below, we have salary information for jobs that are similar to an Asset Protection Specialist in Saint Vincent and the Grenadines.

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 31,980 XCD
Asset Protection Associate Purchasing and Inventory 31,980 XCD
Assistant Buyer Purchasing and Inventory 32,620 XCD
Buyer Purchasing and Inventory 53,160 XCD
Capacity Planner Purchasing and Inventory 39,960 XCD
Category Leader Purchasing and Inventory 35,560 XCD
Category Management Specialist Purchasing and Inventory 38,060 XCD
Category Manager Purchasing and Inventory 36,720 XCD
Channel Services Representative Purchasing and Inventory 38,140 XCD
Contracts Manager Purchasing and Inventory 42,320 XCD
Contracts Specialist Purchasing and Inventory 37,200 XCD
Demand Planner Purchasing and Inventory 35,420 XCD
Demand Planning Manager Purchasing and Inventory 44,720 XCD
Distribution Assistant Purchasing and Inventory 27,480 XCD
Distribution Associate Purchasing and Inventory 31,520 XCD
Distribution Manager Purchasing and Inventory 66,260 XCD
Inventory Analyst Purchasing and Inventory 36,160 XCD
Inventory Control Clerk Purchasing and Inventory 19,220 XCD
Inventory Control Manager Purchasing and Inventory 43,760 XCD
Inventory Management Associate Purchasing and Inventory 36,700 XCD
Inventory Specialist Purchasing and Inventory 36,160 XCD
Logistics Engineer Purchasing and Inventory 32,620 XCD
Master Planner Purchasing and Inventory 31,040 XCD
Material Handler Purchasing and Inventory 20,460 XCD
Material Planning Specialist Purchasing and Inventory 30,220 XCD
Merchandise Manager Purchasing and Inventory 40,640 XCD
Procurement Administrator Purchasing and Inventory 39,420 XCD
Procurement Agent Purchasing and Inventory 24,200 XCD
Procurement Analyst Purchasing and Inventory 46,840 XCD
Procurement Assistant Purchasing and Inventory 25,660 XCD
Procurement Associate Purchasing and Inventory 38,680 XCD
Procurement Clerk Purchasing and Inventory 16,720 XCD
Procurement Engineer Purchasing and Inventory 34,980 XCD
Procurement Manager Purchasing and Inventory 69,240 XCD
Procurement Officer Purchasing and Inventory 15,760 XCD
Procurement Process Analyst Purchasing and Inventory 43,220 XCD
Procurement Specialist Purchasing and Inventory 32,900 XCD
Production Planner Purchasing and Inventory 37,740 XCD
Project Buyer Purchasing and Inventory 45,060 XCD
Purchaser Purchasing and Inventory 50,240 XCD
Purchasing Agent Purchasing and Inventory 26,280 XCD
Purchasing Assistant Purchasing and Inventory 19,860 XCD
Purchasing Manager Purchasing and Inventory 66,680 XCD
Purchasing Officer Purchasing and Inventory 31,940 XCD
Purchasing Supervisor Purchasing and Inventory 50,580 XCD
Shipping and Receiving Clerk Purchasing and Inventory 17,620 XCD
Shipping Coordinator Purchasing and Inventory 31,040 XCD
Stock Clerk Purchasing and Inventory 20,300 XCD
Stock Regulator Purchasing and Inventory 21,400 XCD
Storage Manager Purchasing and Inventory 46,840 XCD
Store Keeper Purchasing and Inventory 18,780 XCD
Stores and Logistics Coordinator Purchasing and Inventory 36,700 XCD
Supply Chain Analyst Purchasing and Inventory 49,360 XCD
Supply Chain Coordinator Purchasing and Inventory 37,620 XCD
Supply Chain Development Manager Purchasing and Inventory 66,000 XCD
Supply Chain Director Purchasing and Inventory 70,600 XCD
Supply Chain Manager Purchasing and Inventory 69,040 XCD
Supply Planner Purchasing and Inventory 33,520 XCD
Warehouse Assistant Purchasing and Inventory 13,960 XCD
Warehouse Clerk Purchasing and Inventory 15,880 XCD
Warehouse Executive Purchasing and Inventory 57,360 XCD
Warehouse Lead Purchasing and Inventory 39,960 XCD
Warehouse Manager Purchasing and Inventory 58,720 XCD
Warehouse Supervisor Purchasing and Inventory 44,180 XCD
Wholesale Buyer Purchasing and Inventory 51,340 XCD

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