Average Engineering Key Account Manager Salary in Bermuda for 2024

In this article, we will look at the average Engineering Key Account 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 Engineering Key Account Manager Make in Bermuda?

An Engineering Key Account Manager working in Bermuda will typically earn around 23,260 BMD per year, and this can range from the lowest average salary of about 12,180 BMD to the highest average salary of 36,020 BMD.

Average Annual Salary
23,260 BMD
Average Monthly Salary
1,938 BMD

Lowest Annual Salary
12,180 BMD
Lowest Monthly Salary
1,015 BMD

Highest Annual Salary
36,020 BMD
Highest Monthly Salary
3,001 BMD

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

Engineering Key Account 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 Engineering Key Account Manager Salaries in Bermuda

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

Salary ranges

We already know that an Engineering Key Account Manager can earn between 12,180 BMD and 36,020 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 Engineering Key Account Manager in Bermuda is 25,940 BMD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 25,940 BMD, and 50% of the population earn more than 25,940 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 Engineering Key Account Manager salary in Bermuda, 25% of the population are earning less than 18,260 BMD while 75% of the population earn more than 18,260 BMD.

75% of the population earn less than 33,440 BMD, and 25% of the population earn more than 33,440 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.

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.

Engineering Key Account 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 engineering key account 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 Engineering Key Account Manager in Bermuda that has less than two years of experience can expect to earn somewhere in the region of 13,560 BMD.
  • 2 - 5 Years Experience. With two to five years of experience the average Engineering Key Account Manager salary would increase to 19,220 BMD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Engineering Key Account Manager, the average salary would be 25,680 BMD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 31,380 BMD.
  • 15 - 20 Years Experience. An Engineering Key Account Manager with 15 to 20 years of experience can earn an average of 34,240 BMD.
  • 20+ Years Experience. For an Engineering Key Account Manager with more than 20 years, the expected average salary increases to 37,200 BMD.

Average Salary by Experience Chart

0-2 Years
13,560 BMD
2-5 Years +29%
19,220 BMD
5-10 Years +38%
25,680 BMD
10-15 Years +24%
31,380 BMD
15-20 Years +7%
34,240 BMD
20+ Years +7%
37,200 BMD

Engineering Key Account 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 Engineering Key Account 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 Engineering Key Account Manager in Bermuda with a bachelor's degree education can earn an average salary of 16,140 BMD.

  • Master's Degree. An Engineering Key Account Manager in Bermuda with a master's degree education can earn an average salary of 28,720 BMD.

Average Salary by Education Chart

Bachelor's Degree
16,140 BMD
Master's Degree +60%
28,720 BMD

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 Bermuda is around 7,970 to 23,900 BMD 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.

Engineering Key Account 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 engineering key account manager will earn an average of 27,020 BMD, while a female engineering key account manager will earn around 21,980 BMD.

This means that a male engineering key account manager earns approximately 23% more than a female engineering key account manager for performing the same job.

Average Salary by Gender Chart in Bermuda

Male
27,020 BMD
Female -23%
21,980 BMD

Engineering Key Account 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 Engineering Key Account Manager in Bermuda is around 8% every 29 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 = ( 8 ÷ 29 ) × 12  = 3%

What this means is that an Engineering Key Account 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.

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Engineering Key Account 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 Engineering Key Account 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%.

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

Public Sector
21,540 BMD
Private Sector -33%
16,140 BMD

Salaries for Jobs Similar to an Engineering Key Account Manager

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

Job Title Category Salary
Acoustics Engineer Engineering 15,760 BMD
Assembly Engineering Technician Engineering 13,960 BMD
Assistant Chief Engineer Engineering 19,160 BMD
Associate Engineer Engineering 17,020 BMD
AutoCAD Drafter Engineering 12,020 BMD
Autocad Operator Engineering 12,840 BMD
Automation Engineer Engineering 19,360 BMD
Automation Engineer Engineering 20,120 BMD
Avionic System Support Engineer Engineering 16,720 BMD
Biochemical Engineer Engineering 15,760 BMD
BMS Engineer Engineering 14,140 BMD
Bridge and Lock Tender Engineering 8,560 BMD
Broadcast Engineer Engineering 16,340 BMD
CAD Design Engineer Engineering 16,140 BMD
CAD Designer Engineering 10,220 BMD
CAE Engineer Engineering 17,560 BMD
Ceramics Engineer Engineering 17,260 BMD
Chemical Engineer Engineering 16,720 BMD
Civil Drafter Engineering 10,220 BMD
Civil Engineer Engineering 17,860 BMD
Civil Site Engineer Engineering 18,780 BMD
Civil Technician Engineering 12,300 BMD
Commissioning Engineer Engineering 18,260 BMD
Communications Engineer Engineering 19,020 BMD
Condition Monitoring Engineer Engineering 17,100 BMD
Contract Associate Engineer Engineering 17,620 BMD
Contract Engineer Engineering 15,380 BMD
Control Systems Engineer Engineering 16,400 BMD
Controls Engineer Engineering 17,620 BMD
Controls Software Engineer Engineering 15,880 BMD
Corrosion Engineer Engineering 16,880 BMD
Design Engineer Engineering 19,200 BMD
Director of Engineering Engineering 33,520 BMD
Drafter Engineering 12,760 BMD
Drafting Manager Engineering 19,360 BMD
Drilling Engineer Engineering 15,920 BMD
Drilling Foreman Engineering 6,700 BMD
Electrical Draughtsman Engineering 7,080 BMD
Electrical Engineer Engineering 17,760 BMD
Electrical Engineering Manager Engineering 24,800 BMD
Electromechanical Engineering Technologist Engineering 17,760 BMD
Electromechanical Equipment Assembler Engineering 9,440 BMD
Energy Engineer Engineering 17,740 BMD
Engine Assembler Engineering 8,420 BMD
Engineer Engineering 16,980 BMD
Engineering Account Manager Engineering 19,480 BMD
Engineering Chief Designer Engineering 19,020 BMD
Engineering Consultant Engineering 21,300 BMD
Engineering Lab Technician Engineering 17,620 BMD
Engineering Manager Engineering 23,660 BMD
Engineering Planning Manager Engineering 24,800 BMD
Engineering Production Manager Engineering 31,400 BMD
Engineering Project Analyst Engineering 19,860 BMD
Engineering Project Coordinator Engineering 19,020 BMD
Engineering Project Director Engineering 35,300 BMD
Engineering Project Leader Engineering 22,420 BMD
Engineering Project Manager Engineering 23,480 BMD
Engineering Research and Development Manager Engineering 29,840 BMD
Engineering Safety Coordinator Engineering 14,540 BMD
Engineering Sales Manager Engineering 22,540 BMD
Engineering Technician Engineering 13,900 BMD
Engineering Technologist Engineering 12,620 BMD
Environmental Engineer Engineering 16,140 BMD
Equipment Engineer Engineering 14,540 BMD
Equipment Engineering Manager Engineering 22,540 BMD
Estimator Engineering 13,100 BMD
Fabrication Specialist Engineering 12,120 BMD
Fabricator Engineering 5,960 BMD
Facade Engineer Engineering 17,620 BMD
Fiber Analyst Engineering 11,300 BMD
Field Engineer Engineering 19,220 BMD
Field Engineering Manager Engineering 29,640 BMD
Fire Engineer Engineering 15,920 BMD
Fitter and Turner Engineering 5,160 BMD
Forestry Strategic Planner Engineering 18,940 BMD
Generation Engineer Engineering 15,380 BMD
Genetic Engineer Engineering 19,020 BMD
Geological Engineer Engineering 19,220 BMD
Geotechnical Engineer Engineering 16,140 BMD
Heavy Equipment Mechanic Engineering 9,440 BMD
Highway Engineer Engineering 16,720 BMD
HSE Professional Engineering 14,140 BMD
HVAC Engineer Engineering 16,980 BMD
HVAC Supervisor Engineering 16,880 BMD
Industrial Engineer Engineering 17,560 BMD
Industrial Engineering Technologist Engineering 17,540 BMD
Instrument Engineer Engineering 16,400 BMD
Instrument Technician Engineering 7,820 BMD
Instrumentation and Control Engineer Engineering 16,400 BMD
Instrumentation Designer Engineering 12,580 BMD
Instrumentation Engineer Engineering 17,620 BMD
Instrumentation Manager Engineering 16,340 BMD
Irrigation Engineer Engineering 16,880 BMD
Licensed Aircraft Engineer Engineering 19,220 BMD
Locomotive Engineer Engineering 17,560 BMD
Maintenance Engineer Engineering 14,140 BMD
Maintenance Fitter Engineering 5,040 BMD
Maintenance Manager Engineering 15,920 BMD
Manufacturing Engineer Engineering 15,380 BMD
Marine Engineer Engineering 18,780 BMD
Materials Engineer Engineering 16,880 BMD
Materials Researcher Engineering 15,380 BMD
Materials Technician Engineering 12,120 BMD
Mechanical and Electrical Engineer Engineering 18,900 BMD
Mechanical Design Engineer Engineering 19,640 BMD
Mechanical Designer Engineering 17,020 BMD
Mechanical Engineer Engineering 18,780 BMD
Mechanical Engineering Manager Engineering 23,140 BMD
Mechanical Inspector Engineering 16,880 BMD
Mechatronics Engineer Engineering 19,220 BMD
Mining Engineer Engineering 17,540 BMD
Oil and Petrochemical Engineer Engineering 19,480 BMD
Optical Engineer Engineering 18,260 BMD
Optical Instrument Assembler Engineering 7,080 BMD
PCB Assembler Engineering 5,620 BMD
Photonics Engineer Engineering 19,480 BMD
Photonics Technician Engineering 15,880 BMD
Pipeline Engineer Engineering 17,020 BMD
Piping Designer Engineering 10,320 BMD
Piping Engineer Engineering 14,140 BMD
Planning Engineer Engineering 16,720 BMD
Pressure Vessel Inspector Engineering 10,100 BMD
Principal Cost Engineer Engineering 15,300 BMD
Principal Engineer Engineering 15,380 BMD
Principal Support Engineer Engineering 16,340 BMD
Process Engineer Engineering 18,260 BMD
Process Operator Engineering 9,960 BMD
Product Development Engineer Engineering 18,780 BMD
Product Development Technician Engineering 12,200 BMD
Product Engineer Engineering 17,760 BMD
Product Safety Engineer Engineering 18,260 BMD
Production Engineer Engineering 18,260 BMD
Project Engineer Engineering 18,280 BMD
Proposal Manager Engineering 22,660 BMD
Purchasing Engineer Engineering 16,880 BMD
Quality Assurance Engineer Engineering 18,260 BMD
Rail Engineer Engineering 18,780 BMD
Regional Field Engineer Engineering 20,120 BMD
Robotics Engineer Engineering 20,520 BMD
Robotics Technician Engineering 14,660 BMD
Safety Engineer Engineering 15,920 BMD
Safety Inspector Engineering 13,900 BMD
Safety Manager Engineering 20,520 BMD
Safety Officer Engineering 7,240 BMD
Sales Engineer Engineering 16,980 BMD
Scheduling Engineer Engineering 17,020 BMD
Service Engineer Engineering 15,700 BMD
Solar Engineer Engineering 17,860 BMD
Staff Engineer Engineering 18,780 BMD
Static Equipment Engineer Engineering 15,920 BMD
Stationary Engineer Engineering 17,620 BMD
Stress Engineer Engineering 15,300 BMD
Structural Analysis Engineer Engineering 17,540 BMD
Structural Designer Engineering 15,760 BMD
Structural Engineer Engineering 15,300 BMD
Structural Technician Engineering 10,080 BMD
Supply Chain Specialist Engineering 15,300 BMD
Surveyor Engineering 14,540 BMD
Technical Affairs Officer Engineering 10,320 BMD
Technical Assistant Engineering 7,080 BMD
Technical Engineer Engineering 14,200 BMD
Technical Support Engineer Engineering 17,100 BMD
Tender Engineer Engineering 14,540 BMD
Test Development Engineer Engineering 18,780 BMD
Test Engineer Engineering 18,260 BMD
Transportation Engineer Engineering 16,340 BMD
Validation Engineer Engineering 14,540 BMD
Verification Engineer Engineering 16,720 BMD
Wastewater Engineer Engineering 16,340 BMD
Wind Energy Engineer Engineering 16,340 BMD
Wind Energy Operations Manager Engineering 21,300 BMD
Work Planner Engineering 12,120 BMD

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