Average Life Scientist Salary in Cayman Islands for 2024

In this article, we will look at the average Life Scientist 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 a Life Scientist Make in Cayman Islands?

A Life Scientist working in Cayman Islands will typically earn around 64,300 KYD per year, and this can range from the lowest average salary of about 30,300 KYD to the highest average salary of 97,300 KYD.

Average Annual Salary
64,300 KYD
Average Monthly Salary
5,358 KYD

Lowest Annual Salary
30,300 KYD
Lowest Monthly Salary
2,525 KYD

Highest Annual Salary
97,300 KYD
Highest Monthly Salary
8,108 KYD

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

Life Scientist 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 Life Scientist Salaries in Cayman Islands

So we've looked at the average salaries a Life Scientist will earn in Cayman Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Life Scientist can earn between 30,300 KYD and 97,300 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 a Life Scientist in Cayman Islands is 63,200 KYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 63,200 KYD, and 50% of the population earn more than 63,200 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 Life Scientist salary in Cayman Islands, 25% of the population are earning less than 42,300 KYD while 75% of the population earn more than 42,300 KYD.

75% of the population earn less than 81,300 KYD, and 25% of the population earn more than 81,300 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.

Life Scientist 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 life scientist 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 Life Scientist in Cayman Islands that has less than two years of experience can expect to earn somewhere in the region of 37,100 KYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Life Scientist salary would increase to 47,600 KYD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Life Scientist, the average salary would be 63,500 KYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 79,600 KYD.
  • 15 - 20 Years Experience. A Life Scientist with 15 to 20 years of experience can earn an average of 87,400 KYD.
  • 20+ Years Experience. For a Life Scientist with more than 20 years, the expected average salary increases to 92,100 KYD.

Average Salary by Experience Chart

0-2 Years
37,100 KYD
2-5 Years +29%
47,600 KYD
5-10 Years +38%
63,500 KYD
10-15 Years +24%
79,600 KYD
15-20 Years +7%
87,400 KYD
20+ Years +7%
92,100 KYD

Life Scientist 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 a Life Scientist 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. A Life Scientist in Cayman Islands with a bachelor's degree education can earn an average salary of 45,000 KYD.

  • Master's Degree. A Life Scientist in Cayman Islands with a master's degree education can earn an average salary of 59,200 KYD.

  • PhD. A Life Scientist in Cayman Islands with a phd education can earn an average salary of 98,800 KYD.

Average Salary by Education Chart

Bachelor's Degree
45,000 KYD
Master's Degree +38%
59,200 KYD
PhD +64%
98,800 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.

Life Scientist 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 life scientist will earn an average of 64,400 KYD, while a female life scientist will earn around 58,500 KYD.

This means that a male life scientist earns approximately 10% more than a female life scientist for performing the same job.

Average Salary by Gender Chart in Cayman Islands

Male
64,400 KYD
Female -10%
58,500 KYD

Life Scientist 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 a Life Scientist 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 a Life Scientist 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%

Life Scientist 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.

A Life Scientist is a low bonus based job, with 40% of employees reporting at least one bonus in the last 12 months.

60% 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 3% to 6%.

Received Bonus
40%
No Bonus
60%

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 a Life Scientist

In the table below, we have salary information for jobs that are similar to a Life Scientist in Cayman Islands.

Job Title Category Salary
3D Lab Technologist Science and Technical Services 38,700 KYD
Algorithm Developer Science and Technical Services 49,300 KYD
Analytical Chemist Science and Technical Services 71,800 KYD
Anthropologist Science and Technical Services 56,100 KYD
Archeologist Science and Technical Services 47,500 KYD
Assistant Breeder Science and Technical Services 23,100 KYD
Astronomer Science and Technical Services 87,500 KYD
Atmospheric and Space Scientist Science and Technical Services 70,800 KYD
Behavior Analyst Science and Technical Services 49,400 KYD
Behavior Intervention Specialist Science and Technical Services 55,700 KYD
Behavior Specialist Science and Technical Services 47,100 KYD
Biochemist Science and Technical Services 80,800 KYD
Biofuels Processing Technician Science and Technical Services 33,300 KYD
Biofuels Production Manager Science and Technical Services 54,700 KYD
Biologist Science and Technical Services 83,800 KYD
Biomedical Laboratory Officer Science and Technical Services 31,400 KYD
Biomedical Scientist Science and Technical Services 87,000 KYD
Biophysicist Science and Technical Services 80,000 KYD
Chemical Engineer Science and Technical Services 40,500 KYD
Chemical Technologist Science and Technical Services 35,600 KYD
Chemist Science and Technical Services 73,700 KYD
Chief Technologist Science and Technical Services 67,800 KYD
Climate Change Analyst Science and Technical Services 53,300 KYD
Clinical Laboratory Scientist Science and Technical Services 85,500 KYD
Computer Scientist Science and Technical Services 64,100 KYD
Conservation Scientist Science and Technical Services 67,500 KYD
Data Science Specialist Science and Technical Services 47,400 KYD
Data Scientist Science and Technical Services 63,200 KYD
DNA Analyst Science and Technical Services 76,800 KYD
Ecologist Science and Technical Services 58,800 KYD
Economic Development Specialist Science and Technical Services 61,700 KYD
Flavourist Science and Technical Services 26,200 KYD
Food Scientist Science and Technical Services 55,600 KYD
Forensic Scientist Science and Technical Services 63,800 KYD
Formulation Technologist Science and Technical Services 33,200 KYD
Fraud Investigator Science and Technical Services 39,800 KYD
Genomics Scientist Science and Technical Services 83,800 KYD
Geographer Science and Technical Services 45,700 KYD
Geographic Information Systems Technician Science and Technical Services 26,200 KYD
Geological Data Technician Science and Technical Services 27,300 KYD
Geological Technician Science and Technical Services 33,300 KYD
Geologist Science and Technical Services 70,000 KYD
Geomatics Scientist Science and Technical Services 64,500 KYD
Geophysical Data Technician Science and Technical Services 26,900 KYD
Geospatial Information Scientist and Technologist Science and Technical Services 60,800 KYD
Global Technical Lead Science and Technical Services 88,300 KYD
Hydrologist Science and Technical Services 52,300 KYD
Industrial Ecologist Science and Technical Services 57,900 KYD
Intelligence Analyst Science and Technical Services 51,500 KYD
Knowledge Management Specialist Science and Technical Services 38,000 KYD
Lab Analyst Science and Technical Services 34,000 KYD
Lab Manager Science and Technical Services 54,700 KYD
Lab Technician Science and Technical Services 26,400 KYD
Laboratory Manager Science and Technical Services 58,400 KYD
Laboratory Researcher Science and Technical Services 34,900 KYD
Laboratory Technician Science and Technical Services 26,200 KYD
Life Sciences Analyst Science and Technical Services 53,800 KYD
Marine Architect Science and Technical Services 52,600 KYD
Marine Biologist Science and Technical Services 54,100 KYD
Marine Superintendent Science and Technical Services 34,000 KYD
Materials Analyst Science and Technical Services 33,000 KYD
Materials Scientist Science and Technical Services 61,700 KYD
Mathematician Science and Technical Services 63,700 KYD
Medical Scientist Science and Technical Services 84,300 KYD
Metallurgist Science and Technical Services 54,100 KYD
Meteorologist Science and Technical Services 58,500 KYD
Microbiologist Science and Technical Services 90,000 KYD
Natural Language Processing Researcher Science and Technical Services 51,800 KYD
Natural Resource Specialist Science and Technical Services 46,700 KYD
Natural Resources Analyst Science and Technical Services 47,400 KYD
Natural Sciences Manager Science and Technical Services 78,700 KYD
Nuclear Engineer Science and Technical Services 83,300 KYD
Physical Scientist Science and Technical Services 64,200 KYD
Physicist Science and Technical Services 79,800 KYD
Political Scientist Science and Technical Services 64,500 KYD
Polygraph Examiner Science and Technical Services 23,000 KYD
Polysomnographic Technologist Science and Technical Services 36,400 KYD
Product Development Scientist Science and Technical Services 65,800 KYD
Quantitative Research Analyst Science and Technical Services 55,100 KYD
Quantitative Researcher Science and Technical Services 56,800 KYD
Radiation Protection Specialist Science and Technical Services 44,500 KYD
Refrigeration Technician Science and Technical Services 18,900 KYD
Research Scientist Science and Technical Services 58,500 KYD
Risk Safety Engineer Science and Technical Services 35,200 KYD
Scientific Photographer Science and Technical Services 34,800 KYD
Scientific Programmer Science and Technical Services 49,700 KYD
Scientist Science and Technical Services 59,500 KYD
Service Engineer Science and Technical Services 33,000 KYD
Service Technician Science and Technical Services 26,500 KYD
Social Science Research Assistant Science and Technical Services 33,300 KYD
Social Scientist Science and Technical Services 64,500 KYD
Sociologist Science and Technical Services 56,900 KYD
Soil Scientist Science and Technical Services 51,300 KYD
Statistical Analyst Science and Technical Services 34,800 KYD
Statistical Assistant Science and Technical Services 23,600 KYD
Statistician Science and Technical Services 55,200 KYD
Survey Analyst Science and Technical Services 33,000 KYD
Survey Researcher Science and Technical Services 35,500 KYD
Surveying and Mapping Technician Science and Technical Services 20,000 KYD
Team Leader Science and Technical Services 49,200 KYD
Technical Manager Science and Technical Services 55,200 KYD
Technical Officer Science and Technical Services 23,300 KYD
Technical Service Director Science and Technical Services 75,800 KYD
Technical Services Regulatory Affairs Specialist Science and Technical Services 35,600 KYD
Technical Services Research and Development Manager Science and Technical Services 83,700 KYD
Technical Services Research Associate Science and Technical Services 42,500 KYD
Technical Services Research Coordinator Science and Technical Services 42,700 KYD
Technician Science and Technical Services 23,700 KYD
Water Ecologist Science and Technical Services 66,700 KYD
Wildlife Biologist Science and Technical Services 58,500 KYD

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