Average Investment Banking Analyst Salary in Cayman Islands for 2024

In this article, we will look at the average Investment Banking Analyst salary for 2024 in Cayman Islands 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 Cayman Islands dollar. To keep things simple, we are using the KYD currency code instead of the currency symbol $.

How Much Does an Investment Banking Analyst Make in Cayman Islands?

An Investment Banking Analyst working in Cayman Islands will typically earn around 61,700 KYD per year, and this can range from the lowest average salary of about 31,400 KYD to the highest average salary of 97,600 KYD.

Average Annual Salary
61,700 KYD
Average Monthly Salary
5,141 KYD

Lowest Annual Salary
31,400 KYD
Lowest Monthly Salary
2,616 KYD

Highest Annual Salary
97,600 KYD
Highest Monthly Salary
8,133 KYD

These are average salaries for an Investment Banking Analyst in Cayman Islands and include benefits such as housing and transport. It's also possible for an Investment Banking Analyst to earn more or less than the average salaries shown above.

Investment Banking Analyst 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 Investment Banking Analyst Salaries in Cayman Islands

So we've looked at the average salaries an Investment Banking Analyst will earn in Cayman Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Investment Banking Analyst can earn between 31,400 KYD and 97,600 KYD on average in Cayman Islands. 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 Investment Banking Analyst in Cayman Islands is 59,900 KYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 59,900 KYD, and 50% of the population earn more than 59,900 KYD.

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 Investment Banking Analyst salary in Cayman Islands, 25% of the population are earning less than 40,600 KYD while 75% of the population earn more than 40,600 KYD.

75% of the population earn less than 76,900 KYD, and 25% of the population earn more than 76,900 KYD.

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.

Investment Banking Analyst Salary by Experience Level in Cayman Islands

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 investment banking analyst 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 Investment Banking Analyst in Cayman Islands that has less than two years of experience can expect to earn somewhere in the region of 36,500 KYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Investment Banking Analyst salary would increase to 48,200 KYD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Investment Banking Analyst, the average salary would be 65,400 KYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 80,200 KYD.
  • 15 - 20 Years Experience. An Investment Banking Analyst with 15 to 20 years of experience can earn an average of 87,300 KYD.
  • 20+ Years Experience. For an Investment Banking Analyst with more than 20 years, the expected average salary increases to 92,100 KYD.

Average Salary by Experience Chart

0-2 Years
36,500 KYD
2-5 Years +31%
48,200 KYD
5-10 Years +40%
65,400 KYD
10-15 Years +20%
80,200 KYD
15-20 Years +9%
87,300 KYD
20+ Years +8%
92,100 KYD

Investment Banking Analyst Salary by Education Level in Cayman Islands

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 Investment Banking Analyst in Cayman Islands 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 Investment Banking Analyst in Cayman Islands with a bachelor's degree education can earn an average salary of 43,800 KYD.

  • Master's Degree. An Investment Banking Analyst in Cayman Islands with a master's degree education can earn an average salary of 79,700 KYD.

Average Salary by Education Chart

Bachelor's Degree
43,800 KYD
Master's Degree +77%
79,700 KYD

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 Cayman Islands is around 16,200 to 48,600 KYD 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.

Investment Banking Analyst 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 Cayman Islands, a male investment banking analyst will earn an average of 66,400 KYD, while a female investment banking analyst will earn around 56,600 KYD.

This means that a male investment banking analyst earns approximately 17% more than a female investment banking analyst for performing the same job.

Average Salary by Gender Chart in Cayman Islands

Male
66,400 KYD
Female -17%
56,600 KYD

Investment Banking Analyst Average Pay Raise in Cayman Islands

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 Investment Banking Analyst in Cayman Islands is around 9% every 28 months.

The national average pay raise across all professions and industries in Cayman Islands 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 = ( 9 ÷ 28 ) × 12  = 4%

What this means is that an Investment Banking Analyst in Cayman Islands can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Cayman Islands for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Investment Banking Analyst Bonus and Incentive Rates in Cayman Islands

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 Investment Banking Analyst is a moderate bonus based job, with 63% of employees reporting at least one bonus in the last 12 months.

37% 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 6% to 8%.

Received Bonus
63%
No Bonus
37%

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 Cayman Islands earn approximately 17% more than private sector employees in the same role.

Public Sector
43,500 KYD
Private Sector -17%
37,200 KYD

Salaries for Jobs Similar to an Investment Banking Analyst

In the table below, we have salary information for jobs that are similar to an Investment Banking Analyst in Cayman Islands.

Job Title Category Salary
AML Analyst Banking 58,800 KYD
Assistant Bank Branch Manager Banking 49,700 KYD
Assistant Bank Manager Banking 70,900 KYD
ATM Manager Banking 54,900 KYD
ATM Service Technician Banking 16,300 KYD
Bank Accounts Analyst Banking 20,400 KYD
Bank Accounts Collector Banking 13,500 KYD
Bank Accounts Controller Banking 29,300 KYD
Bank Accounts Executive Banking 42,600 KYD
Bank Accounts Manager Banking 48,300 KYD
Bank Auditing Manager Banking 49,400 KYD
Bank Branch Manager Banking 70,500 KYD
Bank Branch Operations Coordinator Banking 30,800 KYD
Bank Clerk Banking 13,900 KYD
Bank Client Service Associate Banking 18,900 KYD
Bank Collector Banking 13,900 KYD
Bank Compliance Specialist Banking 34,400 KYD
Bank Manager Banking 84,600 KYD
Bank Operational Risk Manager Banking 79,600 KYD
Bank Operations Head Banking 87,700 KYD
Bank Operations Officer Banking 32,200 KYD
Bank Operations Specialist Banking 49,700 KYD
Bank Process Manager Banking 45,000 KYD
Bank Product Manager Banking 51,400 KYD
Bank Programme Manager Banking 53,800 KYD
Bank Project Manager Banking 61,200 KYD
Bank Propositions Manager Banking 57,100 KYD
Bank Quantitative Analyst Banking 41,400 KYD
Bank Regional Manager Banking 84,300 KYD
Bank Regional Risk Officer Banking 43,500 KYD
Bank Relationship Manager Banking 58,000 KYD
Bank Relationship Officer Banking 27,700 KYD
Bank Teller Banking 14,500 KYD
Banker Banking 26,500 KYD
Banking Business Analyst Banking 44,900 KYD
Banking Business Development Officer Banking 27,300 KYD
Banking Business Planning Executive Banking 58,200 KYD
Banking Product Manager Banking 51,300 KYD
Banking Reference Data Manager Banking 44,200 KYD
Banking Risk Analyst Banking 43,500 KYD
Banking Technical Analyst Banking 23,400 KYD
Bankruptcy Coordinator Banking 29,100 KYD
Bill and Account Collector Banking 14,200 KYD
Budget Analyst Banking 43,500 KYD
Capital Risk Manager Banking 76,900 KYD
Cards Marketing Manager Banking 53,600 KYD
Cash Management Manager Banking 78,500 KYD
Check Processing Manager Banking 55,200 KYD
Commercial Vault Associate Banking 41,000 KYD
Corporate Banker Banking 31,400 KYD
Corporate Dealer Banking 45,000 KYD
Credit Analyst Banking 32,900 KYD
Credit and Collections Manager Banking 58,800 KYD
Credit Card Fraud Investigator Banking 43,400 KYD
Credit Portfolio Manager Banking 81,300 KYD
Credit Risk Analyst Banking 47,500 KYD
Credit Risk Associate Banking 46,300 KYD
Direct Bank Sales Representative Banking 29,100 KYD
Exchange Control Consultant Banking 48,600 KYD
Executive Account Analyst Banking 41,900 KYD
Financial Bank Planning Consultant Banking 53,800 KYD
Financial Banking Analysis Manager Banking 61,500 KYD
Financial Banking Assistant Banking 23,000 KYD
Financial Banking Systems Manager Banking 58,600 KYD
Foreign Exchange Manager Banking 64,100 KYD
Fraud Analyst Banking 45,100 KYD
Fraud Detection Associate Banking 30,800 KYD
Fraud Detection Manager Banking 69,100 KYD
Fraud Detection Supervisor Banking 35,400 KYD
Internal Bank Audit Manager Banking 75,400 KYD
Internal Bank Auditor Banking 43,200 KYD
Internal Private Banker Banking 31,400 KYD
International Banking Manager Banking 84,900 KYD
Loan Analyst Banking 40,200 KYD
Loan Area Manager Banking 54,100 KYD
Loan Audit Team Leader Banking 50,700 KYD
Loan Branch Manager Banking 48,200 KYD
Loan Business Development Officer Banking 25,800 KYD
Loan Clerk Banking 14,200 KYD
Loan Collection and Recovery Manager Banking 54,300 KYD
Loan Collection Manager Banking 51,800 KYD
Loan Collector Banking 13,900 KYD
Loan Examiner Banking 19,200 KYD
Loan Officer Banking 18,400 KYD
Loan Processing Manager Banking 45,000 KYD
Loan Processor Banking 20,900 KYD
Loan Quality Assurance Auditor Banking 45,600 KYD
Loan Quality Assurance Manager Banking 48,200 KYD
Loan Quality Assurance Representative Banking 34,100 KYD
Loan Review Manager Banking 46,700 KYD
Loan Team Leader Banking 42,300 KYD
Loans Manager Banking 54,900 KYD
Mortgage Advisor Banking 29,100 KYD
Mortgage Collection Manager Banking 48,000 KYD
Mortgage Collector Banking 15,300 KYD
Mortgage Credit Analyst Banking 22,300 KYD
Mortgage Credit Manager Banking 48,600 KYD
Mortgage Development Manager Banking 57,200 KYD
Mortgage Document Reviewer Banking 16,300 KYD
Mortgage Funding Manager Banking 55,200 KYD
Mortgage Operations Manager Banking 75,500 KYD
Mortgage Payment Processing Clerk Banking 17,100 KYD
Mortgage Processing Manager Banking 48,600 KYD
Mortgage Processor Banking 20,900 KYD
Mortgage Quality Assurance Auditor Banking 40,600 KYD
Mortgage Quality Assurance Manager Banking 51,500 KYD
Mortgage Servicing Clerk Banking 13,500 KYD
Mortgage Servicing Manager Banking 46,400 KYD
Mortgage Underwriter Banking 18,600 KYD
Online Banking Manager Banking 73,100 KYD
Payment Processing Clerk Banking 17,000 KYD
Personal Banker Banking 31,400 KYD
Personal Banking Advisor Banking 31,400 KYD
Phone Banker Banking 18,600 KYD
Private Banker Banking 29,100 KYD
Reconciliation and Investigation Specialist Banking 35,400 KYD
Tax Officer Banking 23,600 KYD
Teller Banking 15,500 KYD
Trade Officer Banking 18,300 KYD
Trade Product Manager Banking 48,300 KYD
Trader Banking 22,300 KYD
Treasury Operations Officer Banking 36,400 KYD

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