Average Pharmaceutical Project Manager Salary in Barbados for 2024

In this article, we will look at the average Pharmaceutical Project Manager salary for 2024 in Barbados 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 Barbadian dollar. To keep things simple, we are using the BBD currency code instead of the currency symbol $.

How Much Does a Pharmaceutical Project Manager Make in Barbados?

A Pharmaceutical Project Manager working in Barbados will typically earn around 52,300 BBD per year, and this can range from the lowest average salary of about 26,280 BBD to the highest average salary of 81,180 BBD.

Average Annual Salary
52,300 BBD
Average Monthly Salary
4,358 BBD

Lowest Annual Salary
26,280 BBD
Lowest Monthly Salary
2,190 BBD

Highest Annual Salary
81,180 BBD
Highest Monthly Salary
6,765 BBD

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

Pharmaceutical Project Manager 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 Pharmaceutical Project Manager Salaries in Barbados

So we've looked at the average salaries a Pharmaceutical Project Manager will earn in Barbados. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Pharmaceutical Project Manager can earn between 26,280 BBD and 81,180 BBD on average in Barbados. 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 Pharmaceutical Project Manager in Barbados is 51,340 BBD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 51,340 BBD, and 50% of the population earn more than 51,340 BBD.

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 Pharmaceutical Project Manager salary in Barbados, 25% of the population are earning less than 35,000 BBD while 75% of the population earn more than 35,000 BBD.

75% of the population earn less than 62,860 BBD, and 25% of the population earn more than 62,860 BBD.

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.

Pharmaceutical Project Manager Salary by Experience Level in Barbados

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 pharmaceutical project manager 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 Pharmaceutical Project Manager in Barbados that has less than two years of experience can expect to earn somewhere in the region of 33,120 BBD.
  • 2 - 5 Years Experience. With two to five years of experience the average Pharmaceutical Project Manager salary would increase to 43,340 BBD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Pharmaceutical Project Manager, the average salary would be 54,280 BBD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 69,240 BBD.
  • 15 - 20 Years Experience. A Pharmaceutical Project Manager with 15 to 20 years of experience can earn an average of 73,880 BBD.
  • 20+ Years Experience. For a Pharmaceutical Project Manager with more than 20 years, the expected average salary increases to 79,120 BBD.

Average Salary by Experience Chart

0-2 Years
33,120 BBD
2-5 Years +34%
43,340 BBD
5-10 Years +30%
54,280 BBD
10-15 Years +21%
69,240 BBD
15-20 Years +9%
73,880 BBD
20+ Years +5%
79,120 BBD

Pharmaceutical Project Manager Salary by Education Level in Barbados

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 Pharmaceutical Project Manager in Barbados 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 Pharmaceutical Project Manager in Barbados with a bachelor's degree education can earn an average salary of 42,460 BBD.

  • Master's Degree. A Pharmaceutical Project Manager in Barbados with a master's degree education can earn an average salary of 51,100 BBD.

  • PhD. A Pharmaceutical Project Manager in Barbados with a phd education can earn an average salary of 82,200 BBD.

Average Salary by Education Chart

Bachelor's Degree
42,460 BBD
Master's Degree +24%
51,100 BBD
PhD +60%
82,200 BBD

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 Barbados is around 16,300 to 48,800 BBD 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.

Pharmaceutical Project Manager 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 Barbados, a male pharmaceutical project manager will earn an average of 57,080 BBD, while a female pharmaceutical project manager will earn around 50,180 BBD.

This means that a male pharmaceutical project manager earns approximately 14% more than a female pharmaceutical project manager for performing the same job.

Average Salary by Gender Chart in Barbados

Male
57,080 BBD
Female -14%
50,180 BBD

Pharmaceutical Project Manager Average Pay Raise in Barbados

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 Pharmaceutical Project Manager in Barbados is around 7% every 30 months.

The national average pay raise across all professions and industries in Barbados 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 = ( 7 ÷ 30 ) × 12  = 3%

What this means is that a Pharmaceutical Project Manager in Barbados can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Barbados for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Pharmaceutical Project Manager Bonus and Incentive Rates in Barbados

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 Pharmaceutical Project Manager is a moderate bonus based job, with 61% of employees reporting at least one bonus in the last 12 months.

39% 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
61%
No Bonus
39%

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 Barbados earn approximately 8% more than private sector employees in the same role.

Public Sector
38,780 BBD
Private Sector -8%
36,020 BBD

Salaries for Jobs Similar to a Pharmaceutical Project Manager

In the table below, we have salary information for jobs that are similar to a Pharmaceutical Project Manager in Barbados.

Job Title Category Salary
Assistant Pharmacist Pharmaceutical and Biotechnology 34,960 BBD
Assistant Pharmacy Director Pharmaceutical and Biotechnology 61,780 BBD
Associate Medical Affairs Director Pharmaceutical and Biotechnology 89,800 BBD
Bioinformatics Scientist Pharmaceutical and Biotechnology 76,440 BBD
Bioinformatics Technician Pharmaceutical and Biotechnology 36,800 BBD
Biological Scientist Pharmaceutical and Biotechnology 88,580 BBD
Biological Technician Pharmaceutical and Biotechnology 33,520 BBD
Biomedical Engineer Pharmaceutical and Biotechnology 33,520 BBD
Biomedical Engineering Director Pharmaceutical and Biotechnology 67,300 BBD
Biostatistician Pharmaceutical and Biotechnology 54,500 BBD
Biotechnologist Pharmaceutical and Biotechnology 53,860 BBD
Biotechnology Lead Data Manager Pharmaceutical and Biotechnology 40,600 BBD
Chemical Process Technician Pharmaceutical and Biotechnology 36,580 BBD
Clinical Consultant Pharmaceutical and Biotechnology 50,980 BBD
Clinical Data Manager Pharmaceutical and Biotechnology 50,240 BBD
Clinical Data Specialist Pharmaceutical and Biotechnology 48,820 BBD
Clinical Informatics Specialist Pharmaceutical and Biotechnology 40,240 BBD
Clinical Operations Manager Pharmaceutical and Biotechnology 78,940 BBD
Clinical Pharmacist Pharmaceutical and Biotechnology 50,520 BBD
Clinical Pharmacy Specialist Pharmaceutical and Biotechnology 60,180 BBD
Clinical Programmer Pharmaceutical and Biotechnology 27,040 BBD
Clinical Project Manager Pharmaceutical and Biotechnology 48,820 BBD
Clinical Research Associate Pharmaceutical and Biotechnology 47,120 BBD
Clinical Research Manager Pharmaceutical and Biotechnology 74,300 BBD
Clinical Study Manager Pharmaceutical and Biotechnology 66,440 BBD
Compliance Specialist Pharmaceutical and Biotechnology 55,940 BBD
Cytology Laboratory Technologist Pharmaceutical and Biotechnology 40,600 BBD
Cytotechnologist Pharmaceutical and Biotechnology 43,220 BBD
GCP Auditor Pharmaceutical and Biotechnology 43,800 BBD
Hospital Pharmacy Technician Pharmaceutical and Biotechnology 35,420 BBD
Manufacturing Engineer Pharmaceutical and Biotechnology 44,300 BBD
Medical Affairs Director Pharmaceutical and Biotechnology 83,100 BBD
Medical Representative Pharmaceutical and Biotechnology 35,300 BBD
Medical Science Liaison Pharmaceutical and Biotechnology 58,520 BBD
Molecular and Cellular Biologist Pharmaceutical and Biotechnology 88,020 BBD
Nuclear Pharmacist Pharmaceutical and Biotechnology 53,380 BBD
Pharmaceutical Manager Pharmaceutical and Biotechnology 86,640 BBD
Pharmaceutical Manufacturing Lead Pharmaceutical and Biotechnology 91,660 BBD
Pharmaceutical Operations Excellence Manager Pharmaceutical and Biotechnology 83,060 BBD
Pharmaceutical Process Engineer Pharmaceutical and Biotechnology 45,260 BBD
Pharmaceutical Production Assistant Manager Pharmaceutical and Biotechnology 58,000 BBD
Pharmaceutical Quality Auditor Pharmaceutical and Biotechnology 60,400 BBD
Pharmaceutical Regulatory Affairs Assistant Pharmaceutical and Biotechnology 41,820 BBD
Pharmaceutical Regulatory Affairs Manager Pharmaceutical and Biotechnology 58,440 BBD
Pharmaceutical Regulatory Affairs Specialist Pharmaceutical and Biotechnology 47,400 BBD
Pharmaceutical Representative Pharmaceutical and Biotechnology 34,480 BBD
Pharmaceutical Research Associate Pharmaceutical and Biotechnology 53,860 BBD
Pharmaceutical Research Scientist Pharmaceutical and Biotechnology 73,120 BBD
Pharmaceutical Researcher Pharmaceutical and Biotechnology 78,960 BBD
Pharmaceutical Sales and Marketing Manager Pharmaceutical and Biotechnology 64,040 BBD
Pharmaceutical Sales Manager Pharmaceutical and Biotechnology 73,880 BBD
Pharmaceutical Sales Representative Pharmaceutical and Biotechnology 38,180 BBD
Pharmaceutical Supply Chain Manager Pharmaceutical and Biotechnology 78,480 BBD
Pharmaceutical Team Leader Pharmaceutical and Biotechnology 59,240 BBD
Pharmaceutical Technologist Pharmaceutical and Biotechnology 40,240 BBD
Pharmacist Pharmaceutical and Biotechnology 51,340 BBD
Pharmacy Aide Pharmaceutical and Biotechnology 33,960 BBD
Pharmacy Manager Pharmaceutical and Biotechnology 72,740 BBD
Pharmacy Stock Controller Pharmaceutical and Biotechnology 31,960 BBD
Pharmacy Technician Pharmaceutical and Biotechnology 27,480 BBD
Records Management Coordinator Pharmaceutical and Biotechnology 27,560 BBD
Shift Encapsulator Pharmaceutical and Biotechnology 31,180 BBD
Staff Pharmacist Pharmaceutical and Biotechnology 50,180 BBD

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