Average Business Continuity Associate Salary in Marshall Islands for 2024

In this article, we will look at the average Business Continuity Associate salary for 2024 in Marshall 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 United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Business Continuity Associate Make in Marshall Islands?

A Business Continuity Associate working in Marshall Islands will typically earn around 19,160 USD per year, and this can range from the lowest average salary of about 9,980 USD to the highest average salary of 32,620 USD.

Average Annual Salary
19,160 USD
Average Monthly Salary
1,596 USD

Lowest Annual Salary
9,980 USD
Lowest Monthly Salary
831 USD

Highest Annual Salary
32,620 USD
Highest Monthly Salary
2,718 USD

These are average salaries for a Business Continuity Associate in Marshall Islands and include benefits such as housing and transport. It's also possible for a Business Continuity Associate to earn more or less than the average salaries shown above.

Business Continuity Associate 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 Business Continuity Associate Salaries in Marshall Islands

So we've looked at the average salaries a Business Continuity Associate will earn in Marshall Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Business Continuity Associate can earn between 9,980 USD and 32,620 USD on average in Marshall 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 a Business Continuity Associate in Marshall Islands is 19,160 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 19,160 USD, and 50% of the population earn more than 19,160 USD.

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 Business Continuity Associate salary in Marshall Islands, 25% of the population are earning less than 11,880 USD while 75% of the population earn more than 11,880 USD.

75% of the population earn less than 27,380 USD, and 25% of the population earn more than 27,380 USD.

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.

Business Continuity Associate Salary by Experience Level in Marshall 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 business continuity associate 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 Business Continuity Associate in Marshall Islands that has less than two years of experience can expect to earn somewhere in the region of 12,620 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Business Continuity Associate salary would increase to 16,880 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Business Continuity Associate, the average salary would be 19,980 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 24,860 USD.
  • 15 - 20 Years Experience. A Business Continuity Associate with 15 to 20 years of experience can earn an average of 26,100 USD.
  • 20+ Years Experience. For a Business Continuity Associate with more than 20 years, the expected average salary increases to 31,540 USD.

Average Salary by Experience Chart

0-2 Years
12,620 USD
2-5 Years +32%
16,880 USD
5-10 Years +34%
19,980 USD
10-15 Years +19%
24,860 USD
15-20 Years +8%
26,100 USD
20+ Years +7%
31,540 USD

Business Continuity Associate Salary by Education Level in Marshall 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 a Business Continuity Associate in Marshall 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. A Business Continuity Associate in Marshall Islands with a high school education can earn an average salary of 14,540 USD.

  • Certificate or Diploma. A Business Continuity Associate in Marshall Islands with a certificate or diploma education can earn an average salary of 18,780 USD.

  • Bachelor's Degree. A Business Continuity Associate in Marshall Islands with a bachelor's degree education can earn an average salary of 23,500 USD.

  • Master's Degree. A Business Continuity Associate in Marshall Islands with a master's degree education can earn an average salary of 31,540 USD.

Average Salary by Education Chart

High School
14,540 USD
Certificate or Diploma +14%
18,780 USD
Bachelor's Degree +36%
23,500 USD
Master's Degree +26%
31,540 USD

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 Marshall Islands is around 11,300 to 33,800 USD 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.

Business Continuity Associate 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 Marshall Islands, a male business continuity associate will earn an average of 19,060 USD, while a female business continuity associate will earn around 18,940 USD.

This means that a male business continuity associate earns approximately 1% more than a female business continuity associate for performing the same job.

Average Salary by Gender Chart in Marshall Islands

Male
19,060 USD
Female -1%
18,940 USD

Business Continuity Associate Average Pay Raise in Marshall 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 a Business Continuity Associate in Marshall Islands is around 9% every 26 months.

The national average pay raise across all professions and industries in Marshall 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 = ( 9 ÷ 26 ) × 12  = 4%

What this means is that a Business Continuity Associate in Marshall Islands can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Marshall Islands for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Business Continuity Associate Bonus and Incentive Rates in Marshall 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.

A Business Continuity Associate is a low bonus based job, with 37% of employees reporting at least one bonus in the last 12 months.

63% 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 3% to 6%.

Received Bonus
37%
No Bonus
63%

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 Marshall Islands earn approximately 24% more than private sector employees in the same role.

Public Sector
29,320 USD
Private Sector -24%
23,700 USD

Salaries for Jobs Similar to a Business Continuity Associate

In the table below, we have salary information for jobs that are similar to a Business Continuity Associate in Marshall Islands.

Job Title Category Salary
Assistant Business Development Manager Business Planning 36,800 USD
Assistant Merchandise Planner Business Planning 21,400 USD
Business Advisor Business Planning 34,160 USD
Business Analyst Business Planning 34,480 USD
Business Consultant Business Planning 33,520 USD
Business Developer Business Planning 22,540 USD
Business Development Analyst Business Planning 25,220 USD
Business Development Associate Business Planning 19,200 USD
Business Development Coordinator Business Planning 17,760 USD
Business Development Director Business Planning 49,700 USD
Business Development Engineer Business Planning 27,020 USD
Business Development Executive Business Planning 33,520 USD
Business Development Manager Business Planning 43,080 USD
Business Development Specialist Business Planning 32,960 USD
Business Manager Business Planning 41,980 USD
Business Operations Specialist Business Planning 31,400 USD
Business Process Writer Business Planning 19,360 USD
Business Systems Analyst Business Planning 34,480 USD
Capacity Planner Business Planning 23,480 USD
Capacity Planning Supervisor Business Planning 32,900 USD
Change Communications Analyst Business Planning 29,160 USD
Change Control Analyst Business Planning 31,040 USD
Change Impact Analyst Business Planning 29,160 USD
Contracts Executive Business Planning 32,200 USD
Corporate Strategy Analyst Business Planning 34,160 USD
Cost Control Engineer Business Planning 20,940 USD
Cost Controller Business Planning 23,140 USD
Cost Estimator Business Planning 20,000 USD
Data Executive Business Planning 16,980 USD
Data Manager Business Planning 27,020 USD
Data Processing Manager Business Planning 28,680 USD
Development Researcher Business Planning 25,940 USD
Director of Business Development Business Planning 49,700 USD
Director of Production Planning Business Planning 40,640 USD
Due Diligence Analyst Business Planning 36,940 USD
Estimating Manager Business Planning 34,120 USD
General Manager Business Planning 39,420 USD
Incident Handler Business Planning 23,140 USD
Incident Specialist Business Planning 29,540 USD
Lean Consultant Business Planning 23,700 USD
Manager Business Planning 44,720 USD
Marketing and Business Development Manager Business Planning 42,320 USD
Materials Planner Business Planning 15,880 USD
Merchandise Assistant Business Planning 12,000 USD
Merchandise Controller Business Planning 12,580 USD
Merchandise Planner Business Planning 17,260 USD
Operations Analyst Business Planning 31,660 USD
Operations Manager Business Planning 35,560 USD
Operations Research Analyst Business Planning 19,380 USD
Planning and Reporting Manager Business Planning 38,140 USD
Planning Director Business Planning 43,260 USD
Project Administrator Business Planning 21,560 USD
Project Manager Business Planning 34,360 USD
Project Planner Business Planning 23,400 USD
Research Assistant Business Planning 19,200 USD
Research Engineer Business Planning 20,460 USD
Research Officer Business Planning 16,880 USD
Risk Management Specialist Business Planning 31,400 USD
Scholarship Coordinator Business Planning 17,540 USD
Store Planner Business Planning 16,720 USD
Strategy Director Business Planning 47,760 USD
Top Research and Development Executive Business Planning 53,120 USD

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