Average Associate Analyst Salary in Jamaica for 2024

In this article, we will look at the average Associate Analyst salary for 2024 in Jamaica 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 Jamaican dollar. To keep things simple, we are using the JMD currency code instead of the currency symbol $.

How Much Does an Associate Analyst Make in Jamaica?

An Associate Analyst working in Jamaica will typically earn around 1,174,600 JMD per year, and this can range from the lowest average salary of about 633,300 JMD to the highest average salary of 1,777,700 JMD.

Average Annual Salary
1,174,600 JMD
Average Monthly Salary
97,883 JMD

Lowest Annual Salary
633,300 JMD
Lowest Monthly Salary
52,775 JMD

Highest Annual Salary
1,777,700 JMD
Highest Monthly Salary
148,141 JMD

These are average salaries for an Associate Analyst in Jamaica and include benefits such as housing and transport. It's also possible for an Associate Analyst to earn more or less than the average salaries shown above.

Associate Analyst 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 Associate Analyst Salaries in Jamaica

So we've looked at the average salaries an Associate Analyst will earn in Jamaica. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Associate Analyst can earn between 633,300 JMD and 1,777,700 JMD on average in Jamaica. 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 Associate Analyst in Jamaica is 1,083,500 JMD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,083,500 JMD, and 50% of the population earn more than 1,083,500 JMD.

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 Associate Analyst salary in Jamaica, 25% of the population are earning less than 774,200 JMD while 75% of the population earn more than 774,200 JMD.

75% of the population earn less than 1,320,500 JMD, and 25% of the population earn more than 1,320,500 JMD.

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.

Associate Analyst Salary by Experience Level in Jamaica

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 associate analyst 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 Associate Analyst in Jamaica that has less than two years of experience can expect to earn somewhere in the region of 737,000 JMD.
  • 2 - 5 Years Experience. With two to five years of experience the average Associate Analyst salary would increase to 931,700 JMD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Associate Analyst, the average salary would be 1,224,800 JMD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,440,700 JMD.
  • 15 - 20 Years Experience. An Associate Analyst with 15 to 20 years of experience can earn an average of 1,594,500 JMD.
  • 20+ Years Experience. For an Associate Analyst with more than 20 years, the expected average salary increases to 1,703,200 JMD.

Average Salary by Experience Chart

0-2 Years
737,000 JMD
2-5 Years +26%
931,700 JMD
5-10 Years +32%
1,224,800 JMD
10-15 Years +18%
1,440,700 JMD
15-20 Years +11%
1,594,500 JMD
20+ Years +6%
1,703,200 JMD

Associate Analyst Salary by Education Level in Jamaica

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 Associate Analyst in Jamaica 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 Associate Analyst in Jamaica with a high school education can earn an average salary of 931,700 JMD.

  • Certificate or Diploma. An Associate Analyst in Jamaica with a certificate or diploma education can earn an average salary of 1,273,300 JMD.

  • Bachelor's Degree. An Associate Analyst in Jamaica with a bachelor's degree education can earn an average salary of 1,645,600 JMD.

Average Salary by Education Chart

High School
931,700 JMD
Certificate or Diploma +37%
1,273,300 JMD
Bachelor's Degree +29%
1,645,600 JMD

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 Jamaica is around 482,000 to 1,450,000 JMD 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.

Associate Analyst 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 Jamaica, a male associate analyst will earn an average of 1,198,300 JMD, while a female associate analyst will earn around 1,141,600 JMD.

This means that a male associate analyst earns approximately 5% more than a female associate analyst for performing the same job.

Average Salary by Gender Chart in Jamaica

Male
1,198,300 JMD
Female -5%
1,141,600 JMD

Associate Analyst Average Pay Raise in Jamaica

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 Associate Analyst in Jamaica is around 9% every 27 months.

The national average pay raise across all professions and industries in Jamaica 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 = ( 9 ÷ 27 ) × 12  = 4%

What this means is that an Associate Analyst in Jamaica can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Jamaica for 2024

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

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%

Associate Analyst Bonus and Incentive Rates in Jamaica

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 Associate Analyst is a low bonus based job, with 8% of employees reporting at least one bonus in the last 12 months.

92% 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 1% to 2%.

Received Bonus
8%
No Bonus
92%

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 Jamaica earn approximately 10% more than private sector employees in the same role.

Public Sector
1,235,600 JMD
Private Sector -10%
1,122,900 JMD

Salaries for Jobs Similar to an Associate Analyst

In the table below, we have salary information for jobs that are similar to an Associate Analyst in Jamaica.

Job Title Category Salary
Assistant Yard Manager Oil / Gas / Energy / Mining 1,104,400 JMD
Associate Landman Oil / Gas / Energy / Mining 492,700 JMD
Auxiliary Equipment Operator Oil / Gas / Energy / Mining 426,700 JMD
Biomass Plant Technician Oil / Gas / Energy / Mining 528,500 JMD
Biomass Power Plant Manager Oil / Gas / Energy / Mining 1,524,300 JMD
Chemical Plant Operator Oil / Gas / Energy / Mining 893,500 JMD
Chief Contract Compliance Engineer Oil / Gas / Energy / Mining 1,178,000 JMD
Completions Engineer Oil / Gas / Energy / Mining 1,047,900 JMD
Cost Controller Oil / Gas / Energy / Mining 800,500 JMD
Cost Engineer Oil / Gas / Energy / Mining 1,085,600 JMD
Crude Oil Marketing Representative Oil / Gas / Energy / Mining 1,134,100 JMD
Dispatcher Oil / Gas / Energy / Mining 491,000 JMD
Distribution Manager Oil / Gas / Energy / Mining 1,537,500 JMD
Dragline Operator Oil / Gas / Energy / Mining 513,300 JMD
Driller Offsider Oil / Gas / Energy / Mining 412,000 JMD
Dump Truck Driver Oil / Gas / Energy / Mining 412,000 JMD
Electric and Gas Operations Manager Oil / Gas / Energy / Mining 2,617,900 JMD
Energy Advisor Oil / Gas / Energy / Mining 1,751,700 JMD
Energy Analyst Oil / Gas / Energy / Mining 1,537,500 JMD
Energy Auditor Oil / Gas / Energy / Mining 1,369,700 JMD
Energy Dispatch Director Oil / Gas / Energy / Mining 1,990,300 JMD
Energy Technical Assistant Oil / Gas / Energy / Mining 691,200 JMD
Energy Technical Manager Oil / Gas / Energy / Mining 1,405,700 JMD
Energy Technical Support Manager Oil / Gas / Energy / Mining 1,320,500 JMD
Energy Technical Trainer Oil / Gas / Energy / Mining 939,600 JMD
Engineering Geologist Oil / Gas / Energy / Mining 2,076,600 JMD
Exploration Manager Oil / Gas / Energy / Mining 1,835,700 JMD
Field Safety Auditor Oil / Gas / Energy / Mining 1,191,100 JMD
Fluids Engineer Oil / Gas / Energy / Mining 1,069,800 JMD
Fuel Cell Engineer Oil / Gas / Energy / Mining 1,134,100 JMD
Fuel Cell Technician Oil / Gas / Energy / Mining 543,200 JMD
Fuels Handler Oil / Gas / Energy / Mining 492,400 JMD
Gas Compressor Operator Oil / Gas / Energy / Mining 492,400 JMD
Gas Distribution Plant Operator Oil / Gas / Energy / Mining 917,700 JMD
Gas Supply Manager Oil / Gas / Energy / Mining 1,606,100 JMD
Geologist Oil / Gas / Energy / Mining 1,921,500 JMD
Geophysicist Oil / Gas / Energy / Mining 1,990,300 JMD
Geothermal Production Manager Oil / Gas / Energy / Mining 1,870,400 JMD
Geothermal Technician Oil / Gas / Energy / Mining 769,500 JMD
HSE Engineer Oil / Gas / Energy / Mining 1,106,000 JMD
HSE Officer Oil / Gas / Energy / Mining 677,100 JMD
HSE Supervisor Oil / Gas / Energy / Mining 825,900 JMD
HSEQ Administrator Oil / Gas / Energy / Mining 778,900 JMD
Inspector Oil / Gas / Energy / Mining 993,600 JMD
Instructor Oil / Gas / Energy / Mining 888,400 JMD
Instrument Designer Oil / Gas / Energy / Mining 852,600 JMD
Lead Technical Field Advisor Oil / Gas / Energy / Mining 1,476,700 JMD
Logistics and Tool Coordinator Oil / Gas / Energy / Mining 908,200 JMD
Maintenance Engineer Oil / Gas / Energy / Mining 1,122,300 JMD
Maintenance Superintendent Oil / Gas / Energy / Mining 1,015,500 JMD
Material Controller Oil / Gas / Energy / Mining 705,500 JMD
Mine Engineer Oil / Gas / Energy / Mining 1,037,600 JMD
Mine Surveyor Oil / Gas / Energy / Mining 1,192,500 JMD
Mining Project Administrator Oil / Gas / Energy / Mining 939,600 JMD
Mining Project Assistant Oil / Gas / Energy / Mining 762,400 JMD
Mining Project Controls Consultant Oil / Gas / Energy / Mining 1,212,800 JMD
Mining Project Coordinator Oil / Gas / Energy / Mining 998,400 JMD
Mining Project Engineer Oil / Gas / Energy / Mining 1,012,100 JMD
Mining Project Manager Oil / Gas / Energy / Mining 1,369,700 JMD
Mining Site Manager Oil / Gas / Energy / Mining 1,440,700 JMD
Mining Team Leader Oil / Gas / Energy / Mining 1,145,100 JMD
NDT Technician Oil / Gas / Energy / Mining 674,100 JMD
Oil Service Unit Operator Oil / Gas / Energy / Mining 578,500 JMD
Oil Trader Oil / Gas / Energy / Mining 1,369,700 JMD
Oilwell Pumper Oil / Gas / Energy / Mining 407,100 JMD
Petroleum Engineer Oil / Gas / Energy / Mining 1,273,300 JMD
Petroleum Geologist Oil / Gas / Energy / Mining 1,955,300 JMD
Petroleum Pump System Operator Oil / Gas / Energy / Mining 583,000 JMD
Petroleum Technician Oil / Gas / Energy / Mining 626,800 JMD
Pipeline Technician Oil / Gas / Energy / Mining 421,400 JMD
Power Coordinator Oil / Gas / Energy / Mining 677,100 JMD
Power Plant Operations Manager Oil / Gas / Energy / Mining 2,161,200 JMD
Power Plant Operator Oil / Gas / Energy / Mining 939,000 JMD
Radio Operator Oil / Gas / Energy / Mining 478,100 JMD
Reliability Engineer Oil / Gas / Energy / Mining 1,041,900 JMD
Reservoir Engineer Oil / Gas / Energy / Mining 976,300 JMD
Risk Analyst Oil / Gas / Energy / Mining 1,345,400 JMD
Roughneck Oil / Gas / Energy / Mining 1,147,500 JMD
Scaffolder Oil / Gas / Energy / Mining 728,500 JMD
Shutdown Engineer Oil / Gas / Energy / Mining 874,900 JMD
Solar Energy Installation Manager Oil / Gas / Energy / Mining 1,645,600 JMD
Solar Energy Systems Engineer Oil / Gas / Energy / Mining 1,161,000 JMD
Solar Photovoltaic Installer Oil / Gas / Energy / Mining 735,200 JMD
Solar Thermal Technician Oil / Gas / Energy / Mining 705,500 JMD
Supply Operations Manager Oil / Gas / Energy / Mining 1,741,800 JMD
Sustainability Specialist Oil / Gas / Energy / Mining 1,788,300 JMD
System Development Advisor Oil / Gas / Energy / Mining 1,198,300 JMD
Tanker Truck Driver Oil / Gas / Energy / Mining 424,900 JMD
Utility Operator Oil / Gas / Energy / Mining 592,200 JMD
Wind Energy Project Manager Oil / Gas / Energy / Mining 1,594,500 JMD

Salary Comparison by City

If you want to compare salaries with different cities in Jamaica, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Kingston 1,296,900 JMD

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