Average Logistics Engineer Salary in Bahamas for 2024

In this article, we will look at the average Logistics Engineer salary for 2024 in Bahamas 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 Bahamian dollar. To keep things simple, we are using the BSD currency code instead of the currency symbol $.

How Much Does a Logistics Engineer Make in Bahamas?

A Logistics Engineer working in Bahamas will typically earn around 39,600 BSD per year, and this can range from the lowest average salary of about 17,100 BSD to the highest average salary of 60,800 BSD.

Average Annual Salary
39,600 BSD
Average Monthly Salary
3,300 BSD

Lowest Annual Salary
17,100 BSD
Lowest Monthly Salary
1,425 BSD

Highest Annual Salary
60,800 BSD
Highest Monthly Salary
5,066 BSD

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

Logistics Engineer 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 Logistics Engineer Salaries in Bahamas

So we've looked at the average salaries a Logistics Engineer will earn in Bahamas. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Logistics Engineer can earn between 17,100 BSD and 60,800 BSD on average in Bahamas. 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 Logistics Engineer in Bahamas is 42,400 BSD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 42,400 BSD, and 50% of the population earn more than 42,400 BSD.

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 Logistics Engineer salary in Bahamas, 25% of the population are earning less than 27,300 BSD while 75% of the population earn more than 27,300 BSD.

75% of the population earn less than 55,100 BSD, and 25% of the population earn more than 55,100 BSD.

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.

Logistics Engineer Salary by Experience Level in Bahamas

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 logistics engineer 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 Logistics Engineer in Bahamas that has less than two years of experience can expect to earn somewhere in the region of 23,000 BSD.
  • 2 - 5 Years Experience. With two to five years of experience the average Logistics Engineer salary would increase to 30,800 BSD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Logistics Engineer, the average salary would be 40,300 BSD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 52,300 BSD.
  • 15 - 20 Years Experience. A Logistics Engineer with 15 to 20 years of experience can earn an average of 53,600 BSD.
  • 20+ Years Experience. For a Logistics Engineer with more than 20 years, the expected average salary increases to 58,200 BSD.

Average Salary by Experience Chart

0-2 Years
23,000 BSD
2-5 Years +38%
30,800 BSD
5-10 Years +42%
40,300 BSD
10-15 Years +22%
52,300 BSD
15-20 Years +6%
53,600 BSD
20+ Years +9%
58,200 BSD

Logistics Engineer Salary by Education Level in Bahamas

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 Logistics Engineer in Bahamas 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 Logistics Engineer in Bahamas with a high school education can earn an average salary of 24,800 BSD.

  • Certificate or Diploma. A Logistics Engineer in Bahamas with a certificate or diploma education can earn an average salary of 30,100 BSD.

  • Bachelor's Degree. A Logistics Engineer in Bahamas with a bachelor's degree education can earn an average salary of 45,600 BSD.

  • Master's Degree. A Logistics Engineer in Bahamas with a master's degree education can earn an average salary of 58,200 BSD.

Average Salary by Education Chart

High School
24,800 BSD
Certificate or Diploma +17%
30,100 BSD
Bachelor's Degree +45%
45,600 BSD
Master's Degree +31%
58,200 BSD

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 Bahamas is around 19,500 to 58,400 BSD 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.

Logistics Engineer 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 Bahamas, a male logistics engineer will earn an average of 43,200 BSD, while a female logistics engineer will earn around 37,300 BSD.

This means that a male logistics engineer earns approximately 16% more than a female logistics engineer for performing the same job.

Average Salary by Gender Chart in Bahamas

Male
43,200 BSD
Female -16%
37,300 BSD

Logistics Engineer Average Pay Raise in Bahamas

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 Logistics Engineer in Bahamas is around 6% every 29 months.

The national average pay raise across all professions and industries in Bahamas 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 = ( 6 ÷ 29 ) × 12  = 2%

What this means is that a Logistics Engineer in Bahamas can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Bahamas for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Logistics Engineer Bonus and Incentive Rates in Bahamas

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 Logistics Engineer 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 Bahamas earn approximately 11% more than private sector employees in the same role.

Public Sector
51,500 BSD
Private Sector -11%
46,300 BSD

Salaries for Jobs Similar to a Logistics Engineer

In the table below, we have salary information for jobs that are similar to a Logistics Engineer in Bahamas.

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 44,500 BSD
Asset Protection Associate Purchasing and Inventory 39,500 BSD
Asset Protection Specialist Purchasing and Inventory 44,900 BSD
Assistant Buyer Purchasing and Inventory 37,300 BSD
Buyer Purchasing and Inventory 63,000 BSD
Capacity Planner Purchasing and Inventory 45,600 BSD
Category Leader Purchasing and Inventory 40,600 BSD
Category Management Specialist Purchasing and Inventory 45,200 BSD
Category Manager Purchasing and Inventory 47,400 BSD
Channel Services Representative Purchasing and Inventory 45,100 BSD
Contracts Manager Purchasing and Inventory 55,600 BSD
Contracts Specialist Purchasing and Inventory 42,300 BSD
Demand Planner Purchasing and Inventory 44,700 BSD
Demand Planning Manager Purchasing and Inventory 51,900 BSD
Distribution Assistant Purchasing and Inventory 38,000 BSD
Distribution Associate Purchasing and Inventory 38,000 BSD
Distribution Manager Purchasing and Inventory 84,500 BSD
Inventory Analyst Purchasing and Inventory 45,000 BSD
Inventory Control Clerk Purchasing and Inventory 22,200 BSD
Inventory Control Manager Purchasing and Inventory 61,400 BSD
Inventory Management Associate Purchasing and Inventory 42,800 BSD
Inventory Specialist Purchasing and Inventory 42,600 BSD
Master Planner Purchasing and Inventory 40,900 BSD
Material Handler Purchasing and Inventory 24,800 BSD
Material Planning Specialist Purchasing and Inventory 38,100 BSD
Merchandise Manager Purchasing and Inventory 51,800 BSD
Procurement Administrator Purchasing and Inventory 49,800 BSD
Procurement Agent Purchasing and Inventory 31,400 BSD
Procurement Analyst Purchasing and Inventory 53,300 BSD
Procurement Assistant Purchasing and Inventory 30,700 BSD
Procurement Associate Purchasing and Inventory 45,300 BSD
Procurement Clerk Purchasing and Inventory 19,300 BSD
Procurement Engineer Purchasing and Inventory 42,500 BSD
Procurement Manager Purchasing and Inventory 88,300 BSD
Procurement Officer Purchasing and Inventory 23,000 BSD
Procurement Process Analyst Purchasing and Inventory 53,300 BSD
Procurement Specialist Purchasing and Inventory 39,800 BSD
Production Planner Purchasing and Inventory 46,400 BSD
Project Buyer Purchasing and Inventory 52,800 BSD
Purchaser Purchasing and Inventory 65,800 BSD
Purchasing Agent Purchasing and Inventory 35,300 BSD
Purchasing Assistant Purchasing and Inventory 22,100 BSD
Purchasing Manager Purchasing and Inventory 83,400 BSD
Purchasing Officer Purchasing and Inventory 39,100 BSD
Purchasing Supervisor Purchasing and Inventory 59,700 BSD
Shipping and Receiving Clerk Purchasing and Inventory 22,300 BSD
Shipping Coordinator Purchasing and Inventory 38,900 BSD
Stock Clerk Purchasing and Inventory 22,200 BSD
Stock Regulator Purchasing and Inventory 26,400 BSD
Storage Manager Purchasing and Inventory 54,100 BSD
Store Keeper Purchasing and Inventory 22,300 BSD
Stores and Logistics Coordinator Purchasing and Inventory 44,300 BSD
Supply Chain Analyst Purchasing and Inventory 65,200 BSD
Supply Chain Coordinator Purchasing and Inventory 44,700 BSD
Supply Chain Development Manager Purchasing and Inventory 79,800 BSD
Supply Chain Director Purchasing and Inventory 91,500 BSD
Supply Chain Manager Purchasing and Inventory 88,000 BSD
Supply Planner Purchasing and Inventory 45,000 BSD
Warehouse Assistant Purchasing and Inventory 16,000 BSD
Warehouse Clerk Purchasing and Inventory 16,300 BSD
Warehouse Executive Purchasing and Inventory 74,500 BSD
Warehouse Lead Purchasing and Inventory 48,600 BSD
Warehouse Manager Purchasing and Inventory 76,900 BSD
Warehouse Supervisor Purchasing and Inventory 53,300 BSD
Wholesale Buyer Purchasing and Inventory 64,900 BSD

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