Average Marketing Analyst Salary in Cayman Islands for 2024

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

A Marketing Analyst working in Cayman Islands will typically earn around 40,900 KYD per year, and this can range from the lowest average salary of about 20,400 KYD to the highest average salary of 62,600 KYD.

Average Annual Salary
40,900 KYD
Average Monthly Salary
3,408 KYD

Lowest Annual Salary
20,400 KYD
Lowest Monthly Salary
1,700 KYD

Highest Annual Salary
62,600 KYD
Highest Monthly Salary
5,216 KYD

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

Marketing 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 Marketing Analyst Salaries in Cayman Islands

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

Salary ranges

We already know that a Marketing Analyst can earn between 20,400 KYD and 62,600 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 a Marketing Analyst in Cayman Islands is 40,900 KYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 40,900 KYD, and 50% of the population earn more than 40,900 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 Marketing Analyst salary in Cayman Islands, 25% of the population are earning less than 27,300 KYD while 75% of the population earn more than 27,300 KYD.

75% of the population earn less than 50,700 KYD, and 25% of the population earn more than 50,700 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.

Marketing 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 marketing 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. A Marketing Analyst in Cayman Islands that has less than two years of experience can expect to earn somewhere in the region of 23,100 KYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Marketing Analyst salary would increase to 29,600 KYD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Marketing Analyst, the average salary would be 41,400 KYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 48,300 KYD.
  • 15 - 20 Years Experience. A Marketing Analyst with 15 to 20 years of experience can earn an average of 53,500 KYD.
  • 20+ Years Experience. For a Marketing Analyst with more than 20 years, the expected average salary increases to 58,700 KYD.

Average Salary by Experience Chart

0-2 Years
23,100 KYD
2-5 Years +32%
29,600 KYD
5-10 Years +34%
41,400 KYD
10-15 Years +19%
48,300 KYD
15-20 Years +8%
53,500 KYD
20+ Years +7%
58,700 KYD

Marketing 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 a Marketing 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.

  • High School. A Marketing Analyst in Cayman Islands with a high school education can earn an average salary of 31,300 KYD.

  • Certificate or Diploma. A Marketing Analyst in Cayman Islands with a certificate or diploma education can earn an average salary of 33,500 KYD.

  • Bachelor's Degree. A Marketing Analyst in Cayman Islands with a bachelor's degree education can earn an average salary of 45,400 KYD.

  • Master's Degree. A Marketing Analyst in Cayman Islands with a master's degree education can earn an average salary of 58,700 KYD.

Average Salary by Education Chart

High School
31,300 KYD
Certificate or Diploma +14%
33,500 KYD
Bachelor's Degree +36%
45,400 KYD
Master's Degree +26%
58,700 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.

Marketing 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 marketing analyst will earn an average of 40,300 KYD, while a female marketing analyst will earn around 36,900 KYD.

This means that a male marketing analyst earns approximately 9% more than a female marketing analyst for performing the same job.

Average Salary by Gender Chart in Cayman Islands

Male
40,300 KYD
Female -9%
36,900 KYD

Marketing 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 a Marketing Analyst in Cayman Islands is around 8% 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 = ( 8 ÷ 28 ) × 12  = 3%

What this means is that a Marketing Analyst in Cayman Islands can expect to receive an average pay raise of around 3% 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%

Marketing 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.

A Marketing Analyst is a low bonus based job, with 37% of employees reporting at least one bonus in the last 12 months.

63% 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
37%
No Bonus
63%

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 Marketing Analyst

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

Job Title Category Salary
Account Handler Marketing 29,600 KYD
Affiliate Manager Marketing 41,000 KYD
Analytics Specialist Marketing 30,200 KYD
Assistant Brand Manager Marketing 44,700 KYD
Assistant Product Manager Marketing 46,900 KYD
Associate Marketing Manager Marketing 50,700 KYD
Associate Product Manager Marketing 50,700 KYD
Brand Ambassador Marketing 60,000 KYD
Brand Director Marketing 77,000 KYD
Brand Executive Marketing 63,700 KYD
Brand Manager Marketing 67,800 KYD
Business Analytics Specialist Marketing 29,100 KYD
Business Channel Manager Marketing 45,300 KYD
Business Intelligence Team Leader Marketing 45,300 KYD
Campaign Specialist Marketing 37,800 KYD
Chief Marketing Officer Marketing 67,800 KYD
Chief Product Officer Marketing 63,500 KYD
Communications Officer Marketing 20,200 KYD
Content Manager Marketing 34,400 KYD
Content Marketing Strategist Marketing 42,000 KYD
Copy Editer Marketing 27,300 KYD
Copy Writer Marketing 23,600 KYD
Creative Marketing Lead Marketing 43,500 KYD
Creative Writer Marketing 24,400 KYD
Digital Marketer Marketing 39,400 KYD
Digital Marketing Manager Marketing 51,800 KYD
Digital Marketing Strategist Marketing 51,300 KYD
Digital Media Specialist Marketing 46,100 KYD
Director of Marketing Marketing 72,400 KYD
Director of Research Marketing 53,300 KYD
eMarketing Manager Marketing 58,600 KYD
Event Marketing Marketing 51,400 KYD
Head of Executive Search Marketing 63,100 KYD
Key Affiliate Manager Marketing 46,900 KYD
Localization Manager Marketing 46,700 KYD
Market Development Executive Marketing 55,200 KYD
Market Development Manager Marketing 55,300 KYD
Market Research Analyst Marketing 45,300 KYD
Market Research Manager Marketing 50,300 KYD
Market Segmentation Director Marketing 51,100 KYD
Marketing Account Supervisor Marketing 40,900 KYD
Marketing Administrator Marketing 35,300 KYD
Marketing Advisor Marketing 41,300 KYD
Marketing and Communications Officer Marketing 26,200 KYD
Marketing and Sales Head Marketing 70,500 KYD
Marketing Assistant Marketing 23,800 KYD
Marketing Associate Marketing 20,200 KYD
Marketing Communications Manager Marketing 46,700 KYD
Marketing Consultant Marketing 53,300 KYD
Marketing Coordinator Marketing 20,000 KYD
Marketing Director Marketing 68,200 KYD
Marketing Distribution Executive Marketing 51,500 KYD
Marketing Executive Marketing 55,300 KYD
Marketing Manager Marketing 70,500 KYD
Marketing Officer Marketing 23,400 KYD
Marketing Segment Manager Marketing 50,300 KYD
Marketing Specialist Marketing 32,200 KYD
Marketing Supervisor Marketing 41,500 KYD
Marketing Vice President Marketing 55,200 KYD
Marketing Writer Marketing 23,600 KYD
Online Marketing Analyst Marketing 36,400 KYD
Online Marketing Manager Marketing 46,900 KYD
Optimization Manager Marketing 43,400 KYD
Outbound Sales Marketing 29,400 KYD
Outreach Coordinator Marketing 27,700 KYD
Outreach Specialist Marketing 39,600 KYD
Product Development Marketing 49,300 KYD
Product Manager Marketing 55,300 KYD
Product Marketing Engineer Marketing 26,900 KYD
Product Marketing Executive Marketing 51,300 KYD
Product Marketing Manager Marketing 51,500 KYD
Product Researcher Marketing 27,000 KYD
Product Strategist Marketing 41,500 KYD
Product Strategy Researcher Marketing 36,700 KYD
Product Training Specialist Marketing 35,500 KYD
Project Manager Marketing 41,500 KYD
Publications Coordinator Marketing 26,200 KYD
Research Executive Marketing 50,700 KYD
Sales and Marketing Assistant Marketing 22,600 KYD
Sales and Marketing Coordinator Marketing 23,100 KYD
Sales and Marketing Director Marketing 68,200 KYD
Sales Director Marketing 61,200 KYD
Sales Management Support Marketing 22,800 KYD
Sales Manager Marketing 64,200 KYD
Search Marketing Strategist Marketing 58,600 KYD
Social Media Administrator Marketing 36,400 KYD
Social Media Specialist Marketing 37,800 KYD
Spaceman Analyst Marketing 20,900 KYD
Sponsorship Consultant Marketing 33,000 KYD
Team Leader Marketing 40,700 KYD
Telemarketer Marketing 23,000 KYD
Trade Marketing Executive Marketing 51,100 KYD
Trade Marketing Manager Marketing 52,000 KYD
Trade Marketing Professional Marketing 39,000 KYD
Trade Marketing Specialist Marketing 29,100 KYD
Web Analytics Manager Marketing 42,600 KYD
Web Content Manager Marketing 43,500 KYD

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