Average Construction Project Manager Salary in Bahamas for 2024

In this article, we will look at the average Construction Project Manager salary for 2024 in Bahamas 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 Bahamian dollar. To keep things simple, we are using the BSD currency code instead of the currency symbol $.

How Much Does a Construction Project Manager Make in Bahamas?

A Construction Project Manager working in Bahamas will typically earn around 75,800 BSD per year, and this can range from the lowest average salary of about 36,600 BSD to the highest average salary of 124,500 BSD.

Average Annual Salary
75,800 BSD
Average Monthly Salary
6,316 BSD

Lowest Annual Salary
36,600 BSD
Lowest Monthly Salary
3,050 BSD

Highest Annual Salary
124,500 BSD
Highest Monthly Salary
10,375 BSD

These are average salaries for a Construction Project Manager in Bahamas and include benefits such as housing and transport. It's also possible for a Construction Project Manager to earn more or less than the average salaries shown above.

Construction Project 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 Construction Project Manager Salaries in Bahamas

So we've looked at the average salaries a Construction Project Manager will earn in Bahamas. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Construction Project Manager can earn between 36,600 BSD and 124,500 BSD on average in Bahamas. 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 Construction Project Manager in Bahamas is 84,900 BSD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 84,900 BSD, and 50% of the population earn more than 84,900 BSD.

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 Construction Project Manager salary in Bahamas, 25% of the population are earning less than 53,600 BSD while 75% of the population earn more than 53,600 BSD.

75% of the population earn less than 111,700 BSD, and 25% of the population earn more than 111,700 BSD.

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.

Construction Project Manager Salary by Experience Level in Bahamas

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 construction project 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 Construction Project Manager in Bahamas that has less than two years of experience can expect to earn somewhere in the region of 39,000 BSD.
  • 2 - 5 Years Experience. With two to five years of experience the average Construction Project Manager salary would increase to 53,500 BSD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Construction Project Manager, the average salary would be 79,600 BSD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 96,400 BSD.
  • 15 - 20 Years Experience. A Construction Project Manager with 15 to 20 years of experience can earn an average of 107,300 BSD.
  • 20+ Years Experience. For a Construction Project Manager with more than 20 years, the expected average salary increases to 114,900 BSD.

Average Salary by Experience Chart

0-2 Years
39,000 BSD
2-5 Years +34%
53,500 BSD
5-10 Years +48%
79,600 BSD
10-15 Years +22%
96,400 BSD
15-20 Years +9%
107,300 BSD
20+ Years +8%
114,900 BSD

Construction Project Manager Salary by Education Level in Bahamas

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 Construction Project Manager in Bahamas 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 Construction Project Manager in Bahamas with a bachelor's degree education can earn an average salary of 48,200 BSD.

  • Master's Degree. A Construction Project Manager in Bahamas with a master's degree education can earn an average salary of 90,900 BSD.

Average Salary by Education Chart

Bachelor's Degree
48,200 BSD
Master's Degree +93%
90,900 BSD

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 Bahamas is around 19,500 to 58,400 BSD 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.

Construction Project 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 Bahamas, a male construction project manager will earn an average of 85,500 BSD, while a female construction project manager will earn around 68,500 BSD.

This means that a male construction project manager earns approximately 25% more than a female construction project manager for performing the same job.

Average Salary by Gender Chart in Bahamas

Male
85,500 BSD
Female -25%
68,500 BSD

Construction Project Manager Average Pay Raise in Bahamas

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 Construction Project Manager in Bahamas is around 7% every 32 months.

The national average pay raise across all professions and industries in Bahamas 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 = ( 7 ÷ 32 ) × 12  = 3%

What this means is that a Construction Project Manager in Bahamas can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Bahamas for 2024

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

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%

Construction Project Manager Bonus and Incentive Rates in Bahamas

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 Construction Project Manager is a moderate bonus based job, with 68% of employees reporting at least one bonus in the last 12 months.

32% 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
68%
No Bonus
32%

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 Bahamas earn approximately 11% more than private sector employees in the same role.

Public Sector
51,500 BSD
Private Sector -11%
46,300 BSD

Salaries for Jobs Similar to a Construction Project Manager

In the table below, we have salary information for jobs that are similar to a Construction Project Manager in Bahamas.

Job Title Category Salary
Adjudicator Construction / Building / Installation 19,000 BSD
Assembler Construction / Building / Installation 17,100 BSD
Boat Builder and Shipwright Construction / Building / Installation 23,100 BSD
Bricklayer Construction / Building / Installation 13,400 BSD
Building Administrator Construction / Building / Installation 18,200 BSD
Building Contracts Manager Construction / Building / Installation 66,700 BSD
Building Inspector Construction / Building / Installation 17,800 BSD
Building Monitor Construction / Building / Installation 14,300 BSD
Building Sales Manager Construction / Building / Installation 66,900 BSD
Cabinetmaker Construction / Building / Installation 16,800 BSD
Carpenter Construction / Building / Installation 16,300 BSD
Civil Engineer Construction / Building / Installation 43,800 BSD
Civil Technician Construction / Building / Installation 24,400 BSD
Concreter Construction / Building / Installation 14,000 BSD
Construction and Building Inspector Construction / Building / Installation 17,800 BSD
Construction and Maintenance Manager Construction / Building / Installation 36,800 BSD
Construction Assistant Construction / Building / Installation 18,800 BSD
Construction Coordinator Construction / Building / Installation 23,600 BSD
Construction Estimator Construction / Building / Installation 27,200 BSD
Construction Field Engineer Construction / Building / Installation 40,000 BSD
Construction General Manager Construction / Building / Installation 80,700 BSD
Construction Inventory Officer Construction / Building / Installation 15,400 BSD
Construction Manager Construction / Building / Installation 81,300 BSD
Construction Operations Manager Construction / Building / Installation 75,900 BSD
Construction Project Controls Manager Construction / Building / Installation 59,700 BSD
Construction Project Coordinator Construction / Building / Installation 46,400 BSD
Construction Project Engineer Construction / Building / Installation 44,900 BSD
Construction Project Planner Construction / Building / Installation 42,300 BSD
Construction Quality Control Manager Construction / Building / Installation 63,000 BSD
Construction Safety Officer Construction / Building / Installation 27,200 BSD
Construction Superintendent Construction / Building / Installation 27,400 BSD
Construction Supervisor Construction / Building / Installation 45,600 BSD
Construction Technical Assistant Construction / Building / Installation 16,400 BSD
Construction Technical Officer Construction / Building / Installation 19,400 BSD
Construction Technical Writer Construction / Building / Installation 16,000 BSD
Construction Technician Construction / Building / Installation 17,500 BSD
Construction Worker Construction / Building / Installation 13,900 BSD
Crane and Tower Operator Construction / Building / Installation 15,400 BSD
Crane Operator Construction / Building / Installation 16,300 BSD
Diesel Mechanic Construction / Building / Installation 15,800 BSD
Draughtsman Construction / Building / Installation 12,400 BSD
Drywall Installer Construction / Building / Installation 16,100 BSD
Electrical Draftsman Construction / Building / Installation 13,500 BSD
Electrical Engineering Supervisor Construction / Building / Installation 47,100 BSD
Electrical Engineering Technician Construction / Building / Installation 19,200 BSD
Electrical Supervisor Construction / Building / Installation 33,300 BSD
Electrician Construction / Building / Installation 23,800 BSD
Elevator Installer and Repairer Construction / Building / Installation 19,200 BSD
Engineer Construction / Building / Installation 45,000 BSD
Excavator Operator Construction / Building / Installation 17,100 BSD
Field Inspector Construction / Building / Installation 27,300 BSD
Floor Finisher Construction / Building / Installation 19,100 BSD
Floor Manager Construction / Building / Installation 27,800 BSD
Foreman Construction / Building / Installation 13,500 BSD
Frame and Truss Detailer Construction / Building / Installation 14,300 BSD
Furniture Finisher Construction / Building / Installation 15,100 BSD
Gas Technician Construction / Building / Installation 14,200 BSD
Handyman Construction / Building / Installation 13,900 BSD
Health and Safety Coordinator Construction / Building / Installation 19,000 BSD
Health and Safety Officer Construction / Building / Installation 21,100 BSD
Installation Manager Construction / Building / Installation 51,300 BSD
Installer Construction / Building / Installation 15,100 BSD
Insulation Installer Construction / Building / Installation 15,100 BSD
Labourer Construction / Building / Installation 13,400 BSD
Land Surveyor Construction / Building / Installation 20,400 BSD
Lift Technician Construction / Building / Installation 13,500 BSD
Maintenance Foreman Construction / Building / Installation 14,500 BSD
Material Tester Construction / Building / Installation 22,400 BSD
Model Maker Construction / Building / Installation 23,100 BSD
Order Picker Construction / Building / Installation 13,600 BSD
Painter Construction / Building / Installation 14,300 BSD
Pipe Layer Construction / Building / Installation 12,800 BSD
Pipe Welder Construction / Building / Installation 13,600 BSD
Pipefitter Construction / Building / Installation 11,400 BSD
Plumber Construction / Building / Installation 16,000 BSD
Property Coordinator Construction / Building / Installation 36,500 BSD
Purchasing Manager Construction / Building / Installation 53,600 BSD
Quantity Estimator Construction / Building / Installation 29,200 BSD
Quantity Surveyor Construction / Building / Installation 27,400 BSD
Roof Slater and Tiler Construction / Building / Installation 14,500 BSD
Sheet Metal Mechanic Construction / Building / Installation 17,000 BSD
Sheet Metal Worker Construction / Building / Installation 12,000 BSD
Site Clerk Construction / Building / Installation 15,100 BSD
Site engineer Construction / Building / Installation 36,700 BSD
Site Leader Construction / Building / Installation 68,400 BSD
Stock Controller Construction / Building / Installation 22,300 BSD
Structural Steel Construction Worker Construction / Building / Installation 15,500 BSD
Technical Draughtsman Construction / Building / Installation 16,900 BSD
Tender Manager Construction / Building / Installation 61,500 BSD
Tendering Manager Construction / Building / Installation 64,200 BSD
Tower Crane Operator Construction / Building / Installation 15,500 BSD
Wall and Floor Tiler Construction / Building / Installation 15,300 BSD
Warehouse Manager Construction / Building / Installation 51,600 BSD
Welder Construction / Building / Installation 13,900 BSD
Welding Superintendent Construction / Building / Installation 15,700 BSD

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