Average Bank Collector Salary in Saint Kitts and Nevis for 2024

In this article, we will look at the average Bank Collector salary for 2024 in Saint Kitts and Nevis 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 a Bank Collector Make in Saint Kitts and Nevis?

A Bank Collector working in Saint Kitts and Nevis will typically earn around 13,960 XCD per year, and this can range from the lowest average salary of about 6,080 XCD to the highest average salary of 19,060 XCD.

Average Annual Salary
13,960 XCD
Average Monthly Salary
1,163 XCD

Lowest Annual Salary
6,080 XCD
Lowest Monthly Salary
506 XCD

Highest Annual Salary
19,060 XCD
Highest Monthly Salary
1,588 XCD

These are average salaries for a Bank Collector in Saint Kitts and Nevis and include benefits such as housing and transport. It's also possible for a Bank Collector to earn more or less than the average salaries shown above.

Bank Collector 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 Bank Collector Salaries in Saint Kitts and Nevis

So we've looked at the average salaries a Bank Collector will earn in Saint Kitts and Nevis. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Bank Collector can earn between 6,080 XCD and 19,060 XCD on average in Saint Kitts and Nevis. 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 a Bank Collector in Saint Kitts and Nevis is 13,780 XCD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 13,780 XCD, and 50% of the population earn more than 13,780 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 Bank Collector salary in Saint Kitts and Nevis, 25% of the population are earning less than 10,320 XCD while 75% of the population earn more than 10,320 XCD.

75% of the population earn less than 17,620 XCD, and 25% of the population earn more than 17,620 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.

Bank Collector Salary by Experience Level in Saint Kitts and Nevis

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 bank collector 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. A Bank Collector in Saint Kitts and Nevis that has less than two years of experience can expect to earn somewhere in the region of 6,440 XCD.
  • 2 - 5 Years Experience. With two to five years of experience the average Bank Collector salary would increase to 12,300 XCD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Bank Collector, the average salary would be 12,240 XCD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 16,720 XCD.
  • 15 - 20 Years Experience. A Bank Collector with 15 to 20 years of experience can earn an average of 20,300 XCD.
  • 20+ Years Experience. For a Bank Collector with more than 20 years, the expected average salary increases to 19,860 XCD.

Average Salary by Experience Chart

0-2 Years
6,440 XCD
2-5 Years +34%
12,300 XCD
5-10 Years +30%
12,240 XCD
10-15 Years +21%
16,720 XCD
15-20 Years +9%
20,300 XCD
20+ Years +5%
19,860 XCD

Bank Collector Salary by Education Level in Saint Kitts and Nevis

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 a Bank Collector in Saint Kitts and Nevis based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Bank Collector in Saint Kitts and Nevis with a high school education can earn an average salary of 8,100 XCD.

  • Certificate or Diploma. A Bank Collector in Saint Kitts and Nevis with a certificate or diploma education can earn an average salary of 11,880 XCD.

  • Bachelor's Degree. A Bank Collector in Saint Kitts and Nevis with a bachelor's degree education can earn an average salary of 17,740 XCD.

Average Salary by Education Chart

High School
8,100 XCD
Certificate or Diploma +43%
11,880 XCD
Bachelor's Degree +38%
17,740 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 Kitts and Nevis is around 16,900 to 50,700 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.

Bank Collector 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 Kitts and Nevis, a male bank collector will earn an average of 14,920 XCD, while a female bank collector will earn around 13,780 XCD.

This means that a male bank collector earns approximately 8% more than a female bank collector for performing the same job.

Average Salary by Gender Chart in Saint Kitts and Nevis

Male
14,920 XCD
Female -8%
13,780 XCD

Bank Collector Average Pay Raise in Saint Kitts and Nevis

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 a Bank Collector in Saint Kitts and Nevis is around 7% every 27 months.

The national average pay raise across all professions and industries in Saint Kitts and Nevis 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 = ( 7 ÷ 27 ) × 12  = 3%

What this means is that a Bank Collector in Saint Kitts and Nevis can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Saint Kitts and Nevis for 2024

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

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

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Bank Collector Bonus and Incentive Rates in Saint Kitts and Nevis

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.

A Bank Collector is a low bonus based job, with 9% of employees reporting at least one bonus in the last 12 months.

91% 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 3%.

Received Bonus
9%
No Bonus
91%

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 Kitts and Nevis earn approximately 23% more than private sector employees in the same role.

Public Sector
45,200 XCD
Private Sector -23%
36,720 XCD

Salaries for Jobs Similar to a Bank Collector

In the table below, we have salary information for jobs that are similar to a Bank Collector in Saint Kitts and Nevis.

Job Title Category Salary
AML Analyst Banking 59,660 XCD
Assistant Bank Branch Manager Banking 50,340 XCD
Assistant Bank Manager Banking 66,140 XCD
ATM Manager Banking 57,360 XCD
ATM Service Technician Banking 13,100 XCD
Bank Accounts Analyst Banking 23,400 XCD
Bank Accounts Collector Banking 14,200 XCD
Bank Accounts Controller Banking 31,660 XCD
Bank Accounts Executive Banking 45,580 XCD
Bank Accounts Manager Banking 49,200 XCD
Bank Auditing Manager Banking 52,380 XCD
Bank Branch Manager Banking 71,700 XCD
Bank Branch Operations Coordinator Banking 31,960 XCD
Bank Clerk Banking 13,900 XCD
Bank Client Service Associate Banking 18,280 XCD
Bank Compliance Specialist Banking 34,120 XCD
Bank Manager Banking 78,120 XCD
Bank Operational Risk Manager Banking 82,920 XCD
Bank Operations Head Banking 85,880 XCD
Bank Operations Officer Banking 34,980 XCD
Bank Operations Specialist Banking 50,580 XCD
Bank Process Manager Banking 48,820 XCD
Bank Product Manager Banking 51,120 XCD
Bank Programme Manager Banking 56,100 XCD
Bank Project Manager Banking 66,180 XCD
Bank Propositions Manager Banking 58,280 XCD
Bank Quantitative Analyst Banking 41,560 XCD
Bank Regional Manager Banking 88,020 XCD
Bank Regional Risk Officer Banking 43,760 XCD
Bank Relationship Manager Banking 63,480 XCD
Bank Relationship Officer Banking 26,500 XCD
Bank Teller Banking 15,880 XCD
Banker Banking 31,400 XCD
Banking Business Analyst Banking 45,060 XCD
Banking Business Development Officer Banking 29,540 XCD
Banking Business Planning Executive Banking 58,720 XCD
Banking Product Manager Banking 54,180 XCD
Banking Reference Data Manager Banking 43,760 XCD
Banking Risk Analyst Banking 40,640 XCD
Banking Technical Analyst Banking 22,340 XCD
Bankruptcy Coordinator Banking 31,180 XCD
Bill and Account Collector Banking 14,140 XCD
Budget Analyst Banking 40,040 XCD
Capital Risk Manager Banking 84,780 XCD
Cards Marketing Manager Banking 50,540 XCD
Cash Management Manager Banking 77,620 XCD
Check Processing Manager Banking 56,140 XCD
Commercial Vault Associate Banking 40,640 XCD
Corporate Banker Banking 31,340 XCD
Corporate Dealer Banking 45,620 XCD
Credit Analyst Banking 35,520 XCD
Credit and Collections Manager Banking 59,940 XCD
Credit Card Fraud Investigator Banking 46,400 XCD
Credit Portfolio Manager Banking 78,940 XCD
Credit Risk Analyst Banking 48,760 XCD
Credit Risk Associate Banking 45,620 XCD
Direct Bank Sales Representative Banking 31,660 XCD
Exchange Control Consultant Banking 45,580 XCD
Executive Account Analyst Banking 40,640 XCD
Financial Bank Planning Consultant Banking 57,800 XCD
Financial Banking Analysis Manager Banking 60,340 XCD
Financial Banking Assistant Banking 21,560 XCD
Financial Banking Systems Manager Banking 58,720 XCD
Foreign Exchange Manager Banking 61,760 XCD
Fraud Analyst Banking 46,040 XCD
Fraud Detection Associate Banking 31,940 XCD
Fraud Detection Manager Banking 68,900 XCD
Fraud Detection Supervisor Banking 36,800 XCD
Internal Bank Audit Manager Banking 81,880 XCD
Internal Bank Auditor Banking 44,300 XCD
Internal Private Banker Banking 31,180 XCD
International Banking Manager Banking 87,760 XCD
Investment Banking Analyst Banking 60,600 XCD
Loan Analyst Banking 42,320 XCD
Loan Area Manager Banking 51,100 XCD
Loan Audit Team Leader Banking 48,160 XCD
Loan Branch Manager Banking 47,760 XCD
Loan Business Development Officer Banking 29,040 XCD
Loan Clerk Banking 17,100 XCD
Loan Collection and Recovery Manager Banking 52,540 XCD
Loan Collection Manager Banking 50,180 XCD
Loan Collector Banking 11,880 XCD
Loan Examiner Banking 19,200 XCD
Loan Officer Banking 15,760 XCD
Loan Processing Manager Banking 48,740 XCD
Loan Processor Banking 20,500 XCD
Loan Quality Assurance Auditor Banking 45,200 XCD
Loan Quality Assurance Manager Banking 47,400 XCD
Loan Quality Assurance Representative Banking 31,340 XCD
Loan Review Manager Banking 47,760 XCD
Loan Team Leader Banking 46,840 XCD
Loans Manager Banking 54,500 XCD
Mortgage Advisor Banking 31,400 XCD
Mortgage Collection Manager Banking 52,460 XCD
Mortgage Collector Banking 12,620 XCD
Mortgage Credit Analyst Banking 23,400 XCD
Mortgage Credit Manager Banking 46,160 XCD
Mortgage Development Manager Banking 56,640 XCD
Mortgage Document Reviewer Banking 18,900 XCD
Mortgage Funding Manager Banking 55,320 XCD
Mortgage Operations Manager Banking 76,540 XCD
Mortgage Payment Processing Clerk Banking 17,540 XCD
Mortgage Processing Manager Banking 49,700 XCD
Mortgage Processor Banking 20,120 XCD
Mortgage Quality Assurance Auditor Banking 43,480 XCD
Mortgage Quality Assurance Manager Banking 45,260 XCD
Mortgage Servicing Clerk Banking 12,580 XCD
Mortgage Servicing Manager Banking 49,300 XCD
Mortgage Underwriter Banking 18,780 XCD
Online Banking Manager Banking 72,540 XCD
Payment Processing Clerk Banking 15,880 XCD
Personal Banker Banking 29,600 XCD
Personal Banking Advisor Banking 31,340 XCD
Phone Banker Banking 19,980 XCD
Private Banker Banking 28,860 XCD
Reconciliation and Investigation Specialist Banking 34,980 XCD
Tax Officer Banking 25,680 XCD
Teller Banking 14,660 XCD
Trade Officer Banking 16,140 XCD
Trade Product Manager Banking 50,080 XCD
Trader Banking 21,100 XCD
Treasury Operations Officer Banking 40,240 XCD

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