Average Chief Product Officer Salary in Saint Kitts and Nevis for 2024

In this article, we will look at the average Chief Product Officer 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 Chief Product Officer Make in Saint Kitts and Nevis?

A Chief Product Officer working in Saint Kitts and Nevis will typically earn around 59,660 XCD per year, and this can range from the lowest average salary of about 31,540 XCD to the highest average salary of 94,900 XCD.

Average Annual Salary
59,660 XCD
Average Monthly Salary
4,971 XCD

Lowest Annual Salary
31,540 XCD
Lowest Monthly Salary
2,628 XCD

Highest Annual Salary
94,900 XCD
Highest Monthly Salary
7,908 XCD

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

Chief Product Officer 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 Chief Product Officer Salaries in Saint Kitts and Nevis

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

Salary ranges

We already know that a Chief Product Officer can earn between 31,540 XCD and 94,900 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 Chief Product Officer in Saint Kitts and Nevis is 62,060 XCD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 62,060 XCD, and 50% of the population earn more than 62,060 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 Chief Product Officer salary in Saint Kitts and Nevis, 25% of the population are earning less than 40,040 XCD while 75% of the population earn more than 40,040 XCD.

75% of the population earn less than 79,240 XCD, and 25% of the population earn more than 79,240 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.

Chief Product Officer 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 chief product officer 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 Chief Product Officer in Saint Kitts and Nevis that has less than two years of experience can expect to earn somewhere in the region of 36,940 XCD.
  • 2 - 5 Years Experience. With two to five years of experience the average Chief Product Officer salary would increase to 46,720 XCD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Chief Product Officer, the average salary would be 60,460 XCD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 78,940 XCD.
  • 15 - 20 Years Experience. A Chief Product Officer with 15 to 20 years of experience can earn an average of 81,960 XCD.
  • 20+ Years Experience. For a Chief Product Officer with more than 20 years, the expected average salary increases to 88,580 XCD.

Average Salary by Experience Chart

0-2 Years
36,940 XCD
2-5 Years +29%
46,720 XCD
5-10 Years +38%
60,460 XCD
10-15 Years +24%
78,940 XCD
15-20 Years +7%
81,960 XCD
20+ Years +7%
88,580 XCD

Chief Product Officer 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 Chief Product Officer 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.

  • Certificate or Diploma. A Chief Product Officer in Saint Kitts and Nevis with a certificate or diploma education can earn an average salary of 46,720 XCD.

  • Bachelor's Degree. A Chief Product Officer in Saint Kitts and Nevis with a bachelor's degree education can earn an average salary of 58,800 XCD.

  • Master's Degree. A Chief Product Officer in Saint Kitts and Nevis with a master's degree education can earn an average salary of 93,280 XCD.

Average Salary by Education Chart

Certificate or Diploma
46,720 XCD
Bachelor's Degree +34%
58,800 XCD
Master's Degree +53%
93,280 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.

Chief Product Officer 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 chief product officer will earn an average of 63,500 XCD, while a female chief product officer will earn around 58,200 XCD.

This means that a male chief product officer earns approximately 9% more than a female chief product officer for performing the same job.

Average Salary by Gender Chart in Saint Kitts and Nevis

Male
63,500 XCD
Female -9%
58,200 XCD

Chief Product Officer 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 Chief Product Officer in Saint Kitts and Nevis is around 8% every 30 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 = ( 8 ÷ 30 ) × 12  = 3%

What this means is that a Chief Product Officer 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%

Chief Product Officer 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 Chief Product Officer is a moderate bonus based job, with 64% of employees reporting at least one bonus in the last 12 months.

36% 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 5% to 9%.

Received Bonus
64%
No Bonus
36%

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 Chief Product Officer

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

Job Title Category Salary
Account Handler Marketing 35,500 XCD
Affiliate Manager Marketing 42,460 XCD
Analytics Specialist Marketing 29,600 XCD
Assistant Brand Manager Marketing 46,280 XCD
Assistant Product Manager Marketing 46,040 XCD
Associate Marketing Manager Marketing 52,540 XCD
Associate Product Manager Marketing 50,180 XCD
Brand Ambassador Marketing 58,440 XCD
Brand Director Marketing 72,420 XCD
Brand Executive Marketing 61,780 XCD
Brand Manager Marketing 62,460 XCD
Business Analytics Specialist Marketing 31,520 XCD
Business Channel Manager Marketing 43,520 XCD
Business Intelligence Team Leader Marketing 45,260 XCD
Campaign Specialist Marketing 42,040 XCD
Chief Marketing Officer Marketing 71,400 XCD
Communications Officer Marketing 19,980 XCD
Content Manager Marketing 35,340 XCD
Content Marketing Strategist Marketing 42,320 XCD
Copy Editer Marketing 26,660 XCD
Copy Writer Marketing 26,500 XCD
Creative Marketing Lead Marketing 42,320 XCD
Creative Writer Marketing 26,100 XCD
Digital Marketer Marketing 39,640 XCD
Digital Marketing Manager Marketing 54,140 XCD
Digital Marketing Strategist Marketing 52,820 XCD
Digital Media Specialist Marketing 47,540 XCD
Director of Marketing Marketing 73,260 XCD
Director of Research Marketing 51,800 XCD
eMarketing Manager Marketing 56,880 XCD
Event Marketing Marketing 53,860 XCD
Head of Executive Search Marketing 56,640 XCD
Key Affiliate Manager Marketing 48,940 XCD
Localization Manager Marketing 46,840 XCD
Market Development Executive Marketing 56,100 XCD
Market Development Manager Marketing 56,880 XCD
Market Research Analyst Marketing 45,560 XCD
Market Research Manager Marketing 48,140 XCD
Market Segmentation Director Marketing 55,220 XCD
Marketing Account Supervisor Marketing 40,600 XCD
Marketing Administrator Marketing 32,420 XCD
Marketing Advisor Marketing 41,700 XCD
Marketing Analyst Marketing 41,480 XCD
Marketing and Communications Officer Marketing 24,860 XCD
Marketing and Sales Head Marketing 70,600 XCD
Marketing Assistant Marketing 24,280 XCD
Marketing Associate Marketing 21,300 XCD
Marketing Communications Manager Marketing 47,760 XCD
Marketing Consultant Marketing 50,180 XCD
Marketing Coordinator Marketing 23,380 XCD
Marketing Director Marketing 68,320 XCD
Marketing Distribution Executive Marketing 54,140 XCD
Marketing Executive Marketing 56,460 XCD
Marketing Manager Marketing 69,260 XCD
Marketing Officer Marketing 22,660 XCD
Marketing Segment Manager Marketing 47,720 XCD
Marketing Specialist Marketing 34,980 XCD
Marketing Supervisor Marketing 41,480 XCD
Marketing Vice President Marketing 57,080 XCD
Marketing Writer Marketing 28,180 XCD
Online Marketing Analyst Marketing 36,720 XCD
Online Marketing Manager Marketing 48,140 XCD
Optimization Manager Marketing 47,180 XCD
Outbound Sales Marketing 31,400 XCD
Outreach Coordinator Marketing 28,660 XCD
Outreach Specialist Marketing 38,700 XCD
Product Development Marketing 45,600 XCD
Product Manager Marketing 57,900 XCD
Product Marketing Engineer Marketing 27,480 XCD
Product Marketing Executive Marketing 51,900 XCD
Product Marketing Manager Marketing 51,080 XCD
Product Researcher Marketing 28,180 XCD
Product Strategist Marketing 41,820 XCD
Product Strategy Researcher Marketing 41,980 XCD
Product Training Specialist Marketing 31,520 XCD
Project Manager Marketing 42,040 XCD
Publications Coordinator Marketing 23,660 XCD
Research Executive Marketing 48,140 XCD
Sales and Marketing Assistant Marketing 22,420 XCD
Sales and Marketing Coordinator Marketing 25,220 XCD
Sales and Marketing Director Marketing 68,400 XCD
Sales Director Marketing 66,680 XCD
Sales Management Support Marketing 24,280 XCD
Sales Manager Marketing 66,840 XCD
Search Marketing Strategist Marketing 59,480 XCD
Social Media Administrator Marketing 38,140 XCD
Social Media Specialist Marketing 39,640 XCD
Spaceman Analyst Marketing 19,940 XCD
Sponsorship Consultant Marketing 35,420 XCD
Team Leader Marketing 38,340 XCD
Telemarketer Marketing 19,060 XCD
Trade Marketing Executive Marketing 54,180 XCD
Trade Marketing Manager Marketing 52,540 XCD
Trade Marketing Professional Marketing 40,600 XCD
Trade Marketing Specialist Marketing 31,400 XCD
Web Analytics Manager Marketing 46,720 XCD
Web Content Manager Marketing 43,520 XCD

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