Average Banking Reference Data Manager Salary in Saint Vincent and the Grenadines for 2024

In this article, we will look at the average Banking Reference Data Manager 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 a Banking Reference Data Manager Make in Saint Vincent and the Grenadines?

A Banking Reference Data Manager working in Saint Vincent and the Grenadines will typically earn around 48,920 XCD per year, and this can range from the lowest average salary of about 26,080 XCD to the highest average salary of 74,060 XCD.

Average Annual Salary
48,920 XCD
Average Monthly Salary
4,076 XCD

Lowest Annual Salary
26,080 XCD
Lowest Monthly Salary
2,173 XCD

Highest Annual Salary
74,060 XCD
Highest Monthly Salary
6,171 XCD

These are average salaries for a Banking Reference Data Manager in Saint Vincent and the Grenadines and include benefits such as housing and transport. It's also possible for a Banking Reference Data Manager to earn more or less than the average salaries shown above.

Banking Reference Data 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 Banking Reference Data Manager Salaries in Saint Vincent and the Grenadines

So we've looked at the average salaries a Banking Reference Data Manager will earn in Saint Vincent and the Grenadines. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Banking Reference Data Manager can earn between 26,080 XCD and 74,060 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 a Banking Reference Data Manager in Saint Vincent and the Grenadines is 42,960 XCD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 42,960 XCD, and 50% of the population earn more than 42,960 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 Banking Reference Data Manager salary in Saint Vincent and the Grenadines, 25% of the population are earning less than 33,440 XCD while 75% of the population earn more than 33,440 XCD.

75% of the population earn less than 52,880 XCD, and 25% of the population earn more than 52,880 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.

Banking Reference Data Manager 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 banking reference data 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. A Banking Reference Data Manager in Saint Vincent and the Grenadines that has less than two years of experience can expect to earn somewhere in the region of 31,400 XCD.
  • 2 - 5 Years Experience. With two to five years of experience the average Banking Reference Data Manager salary would increase to 36,720 XCD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Banking Reference Data Manager, the average salary would be 50,980 XCD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 61,180 XCD.
  • 15 - 20 Years Experience. A Banking Reference Data Manager with 15 to 20 years of experience can earn an average of 66,440 XCD.
  • 20+ Years Experience. For a Banking Reference Data Manager with more than 20 years, the expected average salary increases to 69,040 XCD.

Average Salary by Experience Chart

0-2 Years
31,400 XCD
2-5 Years +26%
36,720 XCD
5-10 Years +32%
50,980 XCD
10-15 Years +18%
61,180 XCD
15-20 Years +11%
66,440 XCD
20+ Years +6%
69,040 XCD

Banking Reference Data Manager 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 a Banking Reference Data Manager 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.

  • Bachelor's Degree. A Banking Reference Data Manager in Saint Vincent and the Grenadines with a bachelor's degree education can earn an average salary of 37,880 XCD.

  • Master's Degree. A Banking Reference Data Manager in Saint Vincent and the Grenadines with a master's degree education can earn an average salary of 59,660 XCD.

Average Salary by Education Chart

Bachelor's Degree
37,880 XCD
Master's Degree +53%
59,660 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.

Banking Reference Data 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 Saint Vincent and the Grenadines, a male banking reference data manager will earn an average of 49,200 XCD, while a female banking reference data manager will earn around 47,120 XCD.

This means that a male banking reference data manager earns approximately 4% more than a female banking reference data manager for performing the same job.

Average Salary by Gender Chart in Saint Vincent and the Grenadines

Male
49,200 XCD
Female -4%
47,120 XCD

Banking Reference Data Manager 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 a Banking Reference Data Manager in Saint Vincent and the Grenadines is around 8% every 28 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 = ( 8 ÷ 28 ) × 12  = 3%

What this means is that a Banking Reference Data Manager in Saint Vincent and the Grenadines can expect to receive an average pay raise of around 3% 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%

Banking Reference Data Manager 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.

A Banking Reference Data Manager is a moderate bonus based job, with 59% of employees reporting at least one bonus in the last 12 months.

41% 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 6% to 7%.

Received Bonus
59%
No Bonus
41%

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 a Banking Reference Data Manager

In the table below, we have salary information for jobs that are similar to a Banking Reference Data Manager in Saint Vincent and the Grenadines.

Job Title Category Salary
AML Analyst Banking 59,000 XCD
Assistant Bank Branch Manager Banking 49,560 XCD
Assistant Bank Manager Banking 64,180 XCD
ATM Manager Banking 59,940 XCD
ATM Service Technician Banking 16,400 XCD
Bank Accounts Analyst Banking 22,540 XCD
Bank Accounts Collector Banking 14,200 XCD
Bank Accounts Controller Banking 30,840 XCD
Bank Accounts Executive Banking 44,180 XCD
Bank Accounts Manager Banking 49,700 XCD
Bank Auditing Manager Banking 51,400 XCD
Bank Branch Manager Banking 70,260 XCD
Bank Branch Operations Coordinator Banking 31,660 XCD
Bank Clerk Banking 14,540 XCD
Bank Client Service Associate Banking 18,940 XCD
Bank Collector Banking 14,840 XCD
Bank Compliance Specialist Banking 37,740 XCD
Bank Manager Banking 79,600 XCD
Bank Operational Risk Manager Banking 79,360 XCD
Bank Operations Head Banking 80,540 XCD
Bank Operations Officer Banking 35,560 XCD
Bank Operations Specialist Banking 53,660 XCD
Bank Process Manager Banking 48,160 XCD
Bank Product Manager Banking 50,660 XCD
Bank Programme Manager Banking 55,940 XCD
Bank Project Manager Banking 66,180 XCD
Bank Propositions Manager Banking 58,200 XCD
Bank Quantitative Analyst Banking 43,360 XCD
Bank Regional Manager Banking 87,760 XCD
Bank Regional Risk Officer Banking 40,600 XCD
Bank Relationship Manager Banking 63,480 XCD
Bank Relationship Officer Banking 27,020 XCD
Bank Teller Banking 13,100 XCD
Banker Banking 30,800 XCD
Banking Business Analyst Banking 45,060 XCD
Banking Business Development Officer Banking 29,540 XCD
Banking Business Planning Executive Banking 64,040 XCD
Banking Product Manager Banking 50,980 XCD
Banking Risk Analyst Banking 43,220 XCD
Banking Technical Analyst Banking 22,420 XCD
Bankruptcy Coordinator Banking 29,600 XCD
Bill and Account Collector Banking 14,840 XCD
Budget Analyst Banking 41,900 XCD
Capital Risk Manager Banking 84,780 XCD
Cards Marketing Manager Banking 53,840 XCD
Cash Management Manager Banking 78,420 XCD
Check Processing Manager Banking 54,560 XCD
Commercial Vault Associate Banking 42,320 XCD
Corporate Banker Banking 31,180 XCD
Corporate Dealer Banking 45,060 XCD
Credit Analyst Banking 30,700 XCD
Credit and Collections Manager Banking 57,360 XCD
Credit Card Fraud Investigator Banking 47,120 XCD
Credit Portfolio Manager Banking 82,200 XCD
Credit Risk Analyst Banking 49,300 XCD
Credit Risk Associate Banking 48,200 XCD
Direct Bank Sales Representative Banking 31,340 XCD
Exchange Control Consultant Banking 43,080 XCD
Executive Account Analyst Banking 43,260 XCD
Financial Bank Planning Consultant Banking 51,900 XCD
Financial Banking Analysis Manager Banking 64,300 XCD
Financial Banking Assistant Banking 21,100 XCD
Financial Banking Systems Manager Banking 56,460 XCD
Foreign Exchange Manager Banking 58,800 XCD
Fraud Analyst Banking 47,540 XCD
Fraud Detection Associate Banking 31,540 XCD
Fraud Detection Manager Banking 67,360 XCD
Fraud Detection Supervisor Banking 39,800 XCD
Internal Bank Audit Manager Banking 80,920 XCD
Internal Bank Auditor Banking 40,640 XCD
Internal Private Banker Banking 30,700 XCD
International Banking Manager Banking 88,580 XCD
Investment Banking Analyst Banking 63,480 XCD
Loan Analyst Banking 42,040 XCD
Loan Area Manager Banking 53,860 XCD
Loan Audit Team Leader Banking 49,300 XCD
Loan Branch Manager Banking 47,400 XCD
Loan Business Development Officer Banking 24,860 XCD
Loan Clerk Banking 14,660 XCD
Loan Collection and Recovery Manager Banking 54,460 XCD
Loan Collection Manager Banking 49,300 XCD
Loan Collector Banking 14,920 XCD
Loan Examiner Banking 18,280 XCD
Loan Officer Banking 14,140 XCD
Loan Processing Manager Banking 48,340 XCD
Loan Processor Banking 18,900 XCD
Loan Quality Assurance Auditor Banking 44,180 XCD
Loan Quality Assurance Manager Banking 47,760 XCD
Loan Quality Assurance Representative Banking 31,400 XCD
Loan Review Manager Banking 49,020 XCD
Loan Team Leader Banking 44,720 XCD
Loans Manager Banking 57,320 XCD
Mortgage Advisor Banking 29,640 XCD
Mortgage Collection Manager Banking 51,080 XCD
Mortgage Collector Banking 12,620 XCD
Mortgage Credit Analyst Banking 23,400 XCD
Mortgage Credit Manager Banking 47,180 XCD
Mortgage Development Manager Banking 57,800 XCD
Mortgage Document Reviewer Banking 18,940 XCD
Mortgage Funding Manager Banking 57,080 XCD
Mortgage Operations Manager Banking 72,360 XCD
Mortgage Payment Processing Clerk Banking 17,560 XCD
Mortgage Processing Manager Banking 48,760 XCD
Mortgage Processor Banking 18,900 XCD
Mortgage Quality Assurance Auditor Banking 45,200 XCD
Mortgage Quality Assurance Manager Banking 48,940 XCD
Mortgage Servicing Clerk Banking 14,840 XCD
Mortgage Servicing Manager Banking 46,160 XCD
Mortgage Underwriter Banking 19,640 XCD
Online Banking Manager Banking 74,540 XCD
Payment Processing Clerk Banking 14,840 XCD
Personal Banker Banking 33,440 XCD
Personal Banking Advisor Banking 31,040 XCD
Phone Banker Banking 21,380 XCD
Private Banker Banking 29,320 XCD
Reconciliation and Investigation Specialist Banking 34,280 XCD
Tax Officer Banking 27,020 XCD
Teller Banking 14,660 XCD
Trade Officer Banking 17,760 XCD
Trade Product Manager Banking 51,340 XCD
Trader Banking 19,980 XCD
Treasury Operations Officer Banking 40,560 XCD

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