Average Electrical Engineering Manager Salary in Bermuda for 2024

In this article, we will look at the average Electrical Engineering Manager salary for 2024 in Bermuda 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 Bermudian dollar. To keep things simple, we are using the BMD currency code instead of the currency symbol $.

How Much Does an Electrical Engineering Manager Make in Bermuda?

An Electrical Engineering Manager working in Bermuda will typically earn around 29,040 BMD per year, and this can range from the lowest average salary of about 14,620 BMD to the highest average salary of 44,180 BMD.

These are average salaries for an Electrical Engineering Manager in Bermuda and include benefits such as housing and transport. It's also possible for an Electrical Engineering Manager to earn more or less than the average salaries shown above.

Electrical Engineering 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 Electrical Engineering Manager Salaries in Bermuda

So we've looked at the average salaries an Electrical Engineering Manager will earn in Bermuda. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Electrical Engineering Manager can earn between 14,620 BMD and 44,180 BMD on average in Bermuda. 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 an Electrical Engineering Manager in Bermuda is 27,620 BMD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 27,620 BMD, and 50% of the population earn more than 27,620 BMD.

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 Electrical Engineering Manager salary in Bermuda, 25% of the population are earning less than 16,980 BMD while 75% of the population earn more than 16,980 BMD.

75% of the population earn less than 36,160 BMD, and 25% of the population earn more than 36,160 BMD.

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.

Electrical Engineering Manager Salary by Experience Level in Bermuda

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 electrical engineering 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. An Electrical Engineering Manager in Bermuda that has less than two years of experience can expect to earn somewhere in the region of 14,140 BMD.
• 2 - 5 Years Experience. With two to five years of experience the average Electrical Engineering Manager salary would increase to 19,380 BMD.
• 5 - 10 Years Experience. From five to ten years of experience as an Electrical Engineering Manager, the average salary would be 26,280 BMD.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 33,980 BMD.
• 15 - 20 Years Experience. An Electrical Engineering Manager with 15 to 20 years of experience can earn an average of 36,700 BMD.
• 20+ Years Experience. For an Electrical Engineering Manager with more than 20 years, the expected average salary increases to 38,620 BMD.

Average Salary by Experience Chart

Electrical Engineering Manager Salary by Education Level in Bermuda

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 an Electrical Engineering Manager in Bermuda 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. An Electrical Engineering Manager in Bermuda with a bachelor's degree education can earn an average salary of 20,500 BMD.

• Master's Degree. An Electrical Engineering Manager in Bermuda with a master's degree education can earn an average salary of 31,180 BMD.

Average Salary by Education Chart

Electrical Engineering 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 Bermuda, a male electrical engineering manager will earn an average of 28,720 BMD, while a female electrical engineering manager will earn around 25,940 BMD.

This means that a male electrical engineering manager earns approximately 11% more than a female electrical engineering manager for performing the same job.

Average Salary by Gender Chart in Bermuda

Electrical Engineering Manager Average Pay Raise in Bermuda

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 an Electrical Engineering Manager in Bermuda is around 7% every 32 months.

The national average pay raise across all professions and industries in Bermuda 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 an Electrical Engineering Manager in Bermuda can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Bermuda for 2024

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

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

Electrical Engineering Manager Bonus and Incentive Rates in Bermuda

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.

An Electrical Engineering Manager 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%.

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 Bermuda earn approximately 33% more than private sector employees in the same role.

Salaries for Jobs Similar to an Electrical Engineering Manager

In the table below, we have salary information for jobs that are similar to an Electrical Engineering Manager in Bermuda.

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