Average Grants Specialist Salary in Micronesia for 2024

In this article, we will look at the average Grants Specialist salary for 2024 in Micronesia 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 United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Grants Specialist Make in Micronesia?

A Grants Specialist working in Micronesia will typically earn around 23,400 USD per year, and this can range from the lowest average salary of about 8,880 USD to the highest average salary of 35,300 USD.

Average Annual Salary
23,400 USD
Average Monthly Salary
1,950 USD

Lowest Annual Salary
8,880 USD
Lowest Monthly Salary
740 USD

Highest Annual Salary
35,300 USD
Highest Monthly Salary
2,941 USD

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

Grants Specialist 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 Grants Specialist Salaries in Micronesia

So we've looked at the average salaries a Grants Specialist will earn in Micronesia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Grants Specialist can earn between 8,880 USD and 35,300 USD on average in Micronesia. 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 Grants Specialist in Micronesia is 24,840 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 24,840 USD, and 50% of the population earn more than 24,840 USD.

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 Grants Specialist salary in Micronesia, 25% of the population are earning less than 17,020 USD while 75% of the population earn more than 17,020 USD.

75% of the population earn less than 32,020 USD, and 25% of the population earn more than 32,020 USD.

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.

Grants Specialist Salary by Experience Level in Micronesia

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 grants specialist 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 Grants Specialist in Micronesia that has less than two years of experience can expect to earn somewhere in the region of 10,980 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Grants Specialist salary would increase to 16,140 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Grants Specialist, the average salary would be 24,280 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 26,860 USD.
  • 15 - 20 Years Experience. A Grants Specialist with 15 to 20 years of experience can earn an average of 31,660 USD.
  • 20+ Years Experience. For a Grants Specialist with more than 20 years, the expected average salary increases to 34,240 USD.

Average Salary by Experience Chart

0-2 Years
10,980 USD
2-5 Years +42%
16,140 USD
5-10 Years +32%
24,280 USD
10-15 Years +23%
26,860 USD
15-20 Years +6%
31,660 USD
20+ Years +10%
34,240 USD

Grants Specialist Salary by Education Level in Micronesia

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 Grants Specialist in Micronesia 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 Grants Specialist in Micronesia with a certificate or diploma education can earn an average salary of 15,380 USD.

  • Bachelor's Degree. A Grants Specialist in Micronesia with a bachelor's degree education can earn an average salary of 31,180 USD.

Average Salary by Education Chart

Certificate or Diploma
15,380 USD
Bachelor's Degree +90%
31,180 USD

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 Micronesia is around 7,020 to 21,100 USD 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.

Grants Specialist 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 Micronesia, a male grants specialist will earn an average of 24,820 USD, while a female grants specialist will earn around 20,000 USD.

This means that a male grants specialist earns approximately 24% more than a female grants specialist for performing the same job.

Average Salary by Gender Chart in Micronesia

Male
24,820 USD
Female -24%
20,000 USD

Grants Specialist Average Pay Raise in Micronesia

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 Grants Specialist in Micronesia is around 7% every 31 months.

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

What this means is that a Grants Specialist in Micronesia can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Micronesia for 2024

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

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

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Grants Specialist Bonus and Incentive Rates in Micronesia

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 Grants Specialist is a low bonus based job, with 15% of employees reporting at least one bonus in the last 12 months.

85% 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 0% to 4%.

Received Bonus
15%
No Bonus
85%

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 Micronesia earn approximately 4% less than private sector employees in the same role.

Public Sector
15,700 USD
Private Sector +4%
16,400 USD

Salaries for Jobs Similar to a Grants Specialist

In the table below, we have salary information for jobs that are similar to a Grants Specialist in Micronesia.

Job Title Category Salary
Accreditation Coordinator Law Enforcement / Security / Fire 13,560 USD
Accreditation Manager Law Enforcement / Security / Fire 21,380 USD
Advocate Law Enforcement / Security / Fire 11,040 USD
Armed Security Officer Law Enforcement / Security / Fire 12,520 USD
Company Guard Law Enforcement / Security / Fire 5,620 USD
Control Room Operator Law Enforcement / Security / Fire 6,480 USD
Correctional Officer Law Enforcement / Security / Fire 9,140 USD
Criminal Investigator Law Enforcement / Security / Fire 18,900 USD
Facility Monitor Law Enforcement / Security / Fire 9,980 USD
Fire Chief Law Enforcement / Security / Fire 18,280 USD
Fire Dispatcher Law Enforcement / Security / Fire 7,080 USD
Fire Education Specialist Law Enforcement / Security / Fire 14,140 USD
Fire Extinguisher Technician Law Enforcement / Security / Fire 5,160 USD
Fire Fighter Law Enforcement / Security / Fire 10,320 USD
Fire Inspector Law Enforcement / Security / Fire 17,560 USD
Fire Investigator Law Enforcement / Security / Fire 18,780 USD
Fire Prevention Engineer Law Enforcement / Security / Fire 14,200 USD
Fire Prevention Officer Law Enforcement / Security / Fire 13,540 USD
Fire Protection Specialist Law Enforcement / Security / Fire 14,140 USD
Forensic Investigator Law Enforcement / Security / Fire 14,140 USD
Forensic Science Technician Law Enforcement / Security / Fire 17,560 USD
Fraud and Forensic Specialist Law Enforcement / Security / Fire 17,760 USD
Fraud Examiner Law Enforcement / Security / Fire 19,860 USD
Intellectual Property Associate Law Enforcement / Security / Fire 14,140 USD
Intelligence Research Specialist Law Enforcement / Security / Fire 26,660 USD
Investigator Law Enforcement / Security / Fire 15,700 USD
Jail Officer Law Enforcement / Security / Fire 6,280 USD
Juvenile Probation Officer Law Enforcement / Security / Fire 12,200 USD
Juvenile Supervision Officer Law Enforcement / Security / Fire 13,700 USD
Lock-Smith Law Enforcement / Security / Fire 6,480 USD
Parole Officer Law Enforcement / Security / Fire 7,800 USD
Police Captain Law Enforcement / Security / Fire 23,400 USD
Police Communications Officer Law Enforcement / Security / Fire 11,040 USD
Police Officer Law Enforcement / Security / Fire 11,300 USD
Police Patrol Officer Law Enforcement / Security / Fire 7,240 USD
Prison Officer Law Enforcement / Security / Fire 5,960 USD
Prisoner Custody Officer Law Enforcement / Security / Fire 8,440 USD
Private Detective / Investigator Law Enforcement / Security / Fire 18,780 USD
Security Adviser Law Enforcement / Security / Fire 19,640 USD
Security Guard Law Enforcement / Security / Fire 4,320 USD
Security Management Specialist Law Enforcement / Security / Fire 24,800 USD
Security Manager Law Enforcement / Security / Fire 24,860 USD
Security Officer Law Enforcement / Security / Fire 3,940 USD
Security Supervisor Law Enforcement / Security / Fire 12,580 USD
Security Systems Installer Law Enforcement / Security / Fire 12,620 USD
Security Technician Law Enforcement / Security / Fire 3,940 USD
Surveillance Operator Law Enforcement / Security / Fire 6,080 USD
Traffic Controller Law Enforcement / Security / Fire 9,740 USD

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