Average Jewelry Mold Maker Salary in Gibraltar for 2024

In this article, we will look at the average Jewelry Mold Maker salary for 2024 in Gibraltar 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 Gibraltar pound. To keep things simple, we are using the GIP currency code instead of the currency symbol £.

How Much Does a Jewelry Mold Maker Make in Gibraltar?

A Jewelry Mold Maker working in Gibraltar will typically earn around 21,700 GIP per year, and this can range from the lowest average salary of about 11,900 GIP to the highest average salary of 32,900 GIP.

Average Annual Salary
21,700 GIP
Average Monthly Salary
1,808 GIP

Lowest Annual Salary
11,900 GIP
Lowest Monthly Salary
991 GIP

Highest Annual Salary
32,900 GIP
Highest Monthly Salary
2,741 GIP

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

Jewelry Mold Maker 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 Jewelry Mold Maker Salaries in Gibraltar

So we've looked at the average salaries a Jewelry Mold Maker will earn in Gibraltar. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Jewelry Mold Maker can earn between 11,900 GIP and 32,900 GIP on average in Gibraltar. 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 Jewelry Mold Maker in Gibraltar is 20,000 GIP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 20,000 GIP, and 50% of the population earn more than 20,000 GIP.

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 Jewelry Mold Maker salary in Gibraltar, 25% of the population are earning less than 15,300 GIP while 75% of the population earn more than 15,300 GIP.

75% of the population earn less than 25,800 GIP, and 25% of the population earn more than 25,800 GIP.

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.

Jewelry Mold Maker Salary by Experience Level in Gibraltar

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 jewelry mold maker 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 Jewelry Mold Maker in Gibraltar that has less than two years of experience can expect to earn somewhere in the region of 12,800 GIP.
  • 2 - 5 Years Experience. With two to five years of experience the average Jewelry Mold Maker salary would increase to 17,100 GIP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Jewelry Mold Maker, the average salary would be 20,000 GIP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 27,000 GIP.
  • 15 - 20 Years Experience. A Jewelry Mold Maker with 15 to 20 years of experience can earn an average of 29,900 GIP.
  • 20+ Years Experience. For a Jewelry Mold Maker with more than 20 years, the expected average salary increases to 30,100 GIP.

Average Salary by Experience Chart

0-2 Years
12,800 GIP
2-5 Years +29%
17,100 GIP
5-10 Years +38%
20,000 GIP
10-15 Years +24%
27,000 GIP
15-20 Years +7%
29,900 GIP
20+ Years +7%
30,100 GIP

Jewelry Mold Maker Salary by Education Level in Gibraltar

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 Jewelry Mold Maker in Gibraltar 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 Jewelry Mold Maker in Gibraltar with a high school education can earn an average salary of 18,800 GIP.

  • Certificate or Diploma. A Jewelry Mold Maker in Gibraltar with a certificate or diploma education can earn an average salary of 27,200 GIP.

Average Salary by Education Chart

High School
18,800 GIP
Certificate or Diploma +65%
27,200 GIP

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 Gibraltar is around 16,900 to 50,700 GIP 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.

Jewelry Mold Maker 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 Gibraltar, a male jewelry mold maker will earn an average of 19,100 GIP, while a female jewelry mold maker will earn around 20,100 GIP.

This means that a male jewelry mold maker earns approximately 5% less than a female jewelry mold maker for performing the same job.

Average Salary by Gender Chart in Gibraltar

Male
19,100 GIP
Female +5%
20,100 GIP

Jewelry Mold Maker Average Pay Raise in Gibraltar

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 Jewelry Mold Maker in Gibraltar is around 5% every 29 months.

The national average pay raise across all professions and industries in Gibraltar 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 = ( 5 ÷ 29 ) × 12  = 2%

What this means is that a Jewelry Mold Maker in Gibraltar can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Gibraltar for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Jewelry Mold Maker Bonus and Incentive Rates in Gibraltar

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 Jewelry Mold Maker is a low bonus based job, with 12% of employees reporting at least one bonus in the last 12 months.

88% 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
12%
No Bonus
88%

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 Gibraltar earn approximately 24% more than private sector employees in the same role.

Public Sector
43,400 GIP
Private Sector -24%
35,000 GIP

Salaries for Jobs Similar to a Jewelry Mold Maker

In the table below, we have salary information for jobs that are similar to a Jewelry Mold Maker in Gibraltar.

Job Title Category Salary
Alterations Specialist Fashion and Apparel 16,300 GIP
Barber Fashion and Apparel 17,500 GIP
Bench Jeweler Fashion and Apparel 11,400 GIP
Clothing and Textile Technologist Fashion and Apparel 30,700 GIP
Cosmetology Educator Fashion and Apparel 38,000 GIP
Diamond Setter Fashion and Apparel 15,700 GIP
Diamond Worker Fashion and Apparel 19,100 GIP
Fabric Manager Fashion and Apparel 38,000 GIP
Fashion Design Manager Fashion and Apparel 60,400 GIP
Fashion Designer Fashion and Apparel 51,800 GIP
Fashion Merchandiser Fashion and Apparel 24,800 GIP
Fashion Model Fashion and Apparel 31,700 GIP
Freelance Fashion Stylist Fashion and Apparel 61,300 GIP
Garment Technologist Fashion and Apparel 32,300 GIP
Hairstylist Fashion and Apparel 17,100 GIP
Jeweler Fashion and Apparel 31,200 GIP
Jewelry Polisher Fashion and Apparel 11,400 GIP
Jewelry Sales Fashion and Apparel 26,400 GIP
Plating Manager Fashion and Apparel 40,300 GIP
Product Development Manager Fashion and Apparel 65,700 GIP
Sewing Machine Operator Fashion and Apparel 13,000 GIP
Shoe Sales Fashion and Apparel 20,900 GIP
Supply Chain Manager Fashion and Apparel 66,200 GIP
Tailor / Fitter Fashion and Apparel 17,500 GIP
Trend Forecaster Fashion and Apparel 36,900 GIP
Visual Merchandising Coordinator Fashion and Apparel 26,500 GIP
Visual Merchandising Projects Manager Fashion and Apparel 58,600 GIP

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