Average Director of Real Estate Salary in Barbados for 2024

In this article, we will look at the average Director of Real Estate salary for 2024 in Barbados 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 Barbadian dollar. To keep things simple, we are using the BBD currency code instead of the currency symbol $.

How Much Does a Director of Real Estate Make in Barbados?

A Director of Real Estate working in Barbados will typically earn around 71,660 BBD per year, and this can range from the lowest average salary of about 39,640 BBD to the highest average salary of 108,080 BBD.

Average Annual Salary
71,660 BBD
Average Monthly Salary
5,971 BBD

Lowest Annual Salary
39,640 BBD
Lowest Monthly Salary
3,303 BBD

Highest Annual Salary
108,080 BBD
Highest Monthly Salary
9,006 BBD

These are average salaries for a Director of Real Estate in Barbados and include benefits such as housing and transport. It's also possible for a Director of Real Estate to earn more or less than the average salaries shown above.

Director of Real Estate 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 Director of Real Estate Salaries in Barbados

So we've looked at the average salaries a Director of Real Estate will earn in Barbados. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Director of Real Estate can earn between 39,640 BBD and 108,080 BBD on average in Barbados. 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 Director of Real Estate in Barbados is 69,240 BBD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 69,240 BBD, and 50% of the population earn more than 69,240 BBD.

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 Director of Real Estate salary in Barbados, 25% of the population are earning less than 45,720 BBD while 75% of the population earn more than 45,720 BBD.

75% of the population earn less than 83,140 BBD, and 25% of the population earn more than 83,140 BBD.

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.

Director of Real Estate Salary by Experience Level in Barbados

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 director of real estate 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 Director of Real Estate in Barbados that has less than two years of experience can expect to earn somewhere in the region of 43,080 BBD.
  • 2 - 5 Years Experience. With two to five years of experience the average Director of Real Estate salary would increase to 54,140 BBD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Director of Real Estate, the average salary would be 77,380 BBD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 88,600 BBD.
  • 15 - 20 Years Experience. A Director of Real Estate with 15 to 20 years of experience can earn an average of 95,980 BBD.
  • 20+ Years Experience. For a Director of Real Estate with more than 20 years, the expected average salary increases to 103,840 BBD.

Average Salary by Experience Chart

0-2 Years
43,080 BBD
2-5 Years +23%
54,140 BBD
5-10 Years +42%
77,380 BBD
10-15 Years +17%
88,600 BBD
15-20 Years +10%
95,980 BBD
20+ Years +6%
103,840 BBD

Director of Real Estate Salary by Education Level in Barbados

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 Director of Real Estate in Barbados 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 Director of Real Estate in Barbados with a high school education can earn an average salary of 51,120 BBD.

  • Certificate or Diploma. A Director of Real Estate in Barbados with a certificate or diploma education can earn an average salary of 58,720 BBD.

  • Bachelor's Degree. A Director of Real Estate in Barbados with a bachelor's degree education can earn an average salary of 77,100 BBD.

  • Master's Degree. A Director of Real Estate in Barbados with a master's degree education can earn an average salary of 103,840 BBD.

Average Salary by Education Chart

High School
51,120 BBD
Certificate or Diploma +13%
58,720 BBD
Bachelor's Degree +31%
77,100 BBD
Master's Degree +32%
103,840 BBD

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 Barbados is around 16,300 to 48,800 BBD 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.

Director of Real Estate 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 Barbados, a male director of real estate will earn an average of 75,260 BBD, while a female director of real estate will earn around 65,920 BBD.

This means that a male director of real estate earns approximately 14% more than a female director of real estate for performing the same job.

Average Salary by Gender Chart in Barbados

Male
75,260 BBD
Female -14%
65,920 BBD

Director of Real Estate Average Pay Raise in Barbados

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 Director of Real Estate in Barbados is around 8% every 31 months.

The national average pay raise across all professions and industries in Barbados 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 ÷ 31 ) × 12  = 3%

What this means is that a Director of Real Estate in Barbados can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Barbados for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Director of Real Estate Bonus and Incentive Rates in Barbados

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 Director of Real Estate is a low bonus based job, with 36% of employees reporting at least one bonus in the last 12 months.

64% 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 5%.

Received Bonus
36%
No Bonus
64%

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 Barbados earn approximately 8% more than private sector employees in the same role.

Public Sector
38,780 BBD
Private Sector -8%
36,020 BBD

Salaries for Jobs Similar to a Director of Real Estate

In the table below, we have salary information for jobs that are similar to a Director of Real Estate in Barbados.

Job Title Category Salary
Acquisition Associate Real Estate 31,520 BBD
Assistant Leasing Manager Real Estate 42,400 BBD
Assistant Property Manager Real Estate 45,000 BBD
Brokerage Real Estate 33,120 BBD
Brokerage Clerk Real Estate 19,220 BBD
Commercial Leasing Manager Real Estate 67,900 BBD
Commercial Real Estate Manager Real Estate 73,260 BBD
Community Development Manager Real Estate 62,860 BBD
Compliance Specialist Real Estate 34,540 BBD
Development Coordinator Real Estate 32,620 BBD
Lease Administrator Real Estate 41,180 BBD
Leasing Agent Real Estate 37,740 BBD
Leasing Consultant Real Estate 38,620 BBD
Leasing Manager Real Estate 48,140 BBD
Lettings Assistant Real Estate 17,540 BBD
Portfolio Analyst Real Estate 58,520 BBD
Portfolio Manager Real Estate 75,280 BBD
Property Acquisition Agent Real Estate 27,480 BBD
Property and Claims Specialist Real Estate 38,340 BBD
Property Manager Real Estate 53,120 BBD
Property Operations Manager Real Estate 66,140 BBD
Property Tax Assistant Real Estate 34,240 BBD
Real Estate Administrator Real Estate 36,800 BBD
Real Estate Agent Real Estate 35,340 BBD
Real Estate Analyst Real Estate 44,800 BBD
Real Estate Appraiser Real Estate 34,280 BBD
Real Estate Appraiser Real Estate 37,380 BBD
Real Estate Appraiser Real Estate 38,180 BBD
Real Estate Assistant Real Estate 32,960 BBD
Real Estate Association Manager Real Estate 44,720 BBD
Real Estate Broker Real Estate 35,300 BBD
Real Estate General Manager Real Estate 67,320 BBD
Real Estate Project Director Real Estate 63,500 BBD
Real Estate Project Manager Real Estate 59,940 BBD
Real Estate Sales Agent Real Estate 34,960 BBD
Real Estate Valuer Real Estate 37,200 BBD
Research Analyst Real Estate 31,940 BBD
Residential Advisor Real Estate 40,600 BBD
Residential Property Manager Real Estate 48,200 BBD
Shopping Center Manager Real Estate 71,020 BBD
Town Planner Real Estate 73,260 BBD

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