Average Pharmaceutical Project Manager Salary in United States Virgin Islands for 2024

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

How Much Does a Pharmaceutical Project Manager Make in United States Virgin Islands?

A Pharmaceutical Project Manager working in United States Virgin Islands will typically earn around 41,560 USD per year, and this can range from the lowest average salary of about 23,520 USD to the highest average salary of 64,640 USD.

Average Annual Salary
41,560 USD
Average Monthly Salary
3,463 USD

Lowest Annual Salary
23,520 USD
Lowest Monthly Salary
1,960 USD

Highest Annual Salary
64,640 USD
Highest Monthly Salary
5,386 USD

These are average salaries for a Pharmaceutical Project Manager in United States Virgin Islands 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 United States Virgin Islands

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

Salary ranges

We already know that a Pharmaceutical Project Manager can earn between 23,520 USD and 64,640 USD on average in United States Virgin 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 Pharmaceutical Project Manager in United States Virgin Islands is 41,980 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 41,980 USD, and 50% of the population earn more than 41,980 USD.

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 United States Virgin Islands, 25% of the population are earning less than 29,540 USD while 75% of the population earn more than 29,540 USD.

75% of the population earn less than 50,020 USD, and 25% of the population earn more than 50,020 USD.

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 United States Virgin 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 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 United States Virgin Islands that has less than two years of experience can expect to earn somewhere in the region of 26,020 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Pharmaceutical Project Manager salary would increase to 31,520 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Pharmaceutical Project Manager, the average salary would be 43,260 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 50,180 USD.
  • 15 - 20 Years Experience. A Pharmaceutical Project Manager with 15 to 20 years of experience can earn an average of 57,080 USD.
  • 20+ Years Experience. For a Pharmaceutical Project Manager with more than 20 years, the expected average salary increases to 61,180 USD.

Average Salary by Experience Chart

0-2 Years
26,020 USD
2-5 Years +34%
31,520 USD
5-10 Years +30%
43,260 USD
10-15 Years +21%
50,180 USD
15-20 Years +9%
57,080 USD
20+ Years +5%
61,180 USD

Pharmaceutical Project Manager Salary by Education Level in United States Virgin 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 Pharmaceutical Project Manager in United States Virgin 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 Pharmaceutical Project Manager in United States Virgin Islands with a bachelor's degree education can earn an average salary of 32,200 USD.

  • Master's Degree. A Pharmaceutical Project Manager in United States Virgin Islands with a master's degree education can earn an average salary of 37,880 USD.

  • PhD. A Pharmaceutical Project Manager in United States Virgin Islands with a phd education can earn an average salary of 63,500 USD.

Average Salary by Education Chart

Bachelor's Degree
32,200 USD
Master's Degree +24%
37,880 USD
PhD +60%
63,500 USD

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 United States Virgin Islands is around 13,500 to 40,400 USD 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 United States Virgin Islands, a male pharmaceutical project manager will earn an average of 44,720 USD, while a female pharmaceutical project manager will earn around 39,560 USD.

This means that a male pharmaceutical project manager earns approximately 13% more than a female pharmaceutical project manager for performing the same job.

Average Salary by Gender Chart in United States Virgin Islands

Male
44,720 USD
Female -13%
39,560 USD

Pharmaceutical Project Manager Average Pay Raise in United States Virgin 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 Pharmaceutical Project Manager in United States Virgin Islands is around 8% every 29 months.

The national average pay raise across all professions and industries in United States Virgin 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 ÷ 29 ) × 12  = 3%

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

Annual Pay Raise by Industry in United States Virgin Islands for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in United States Virgin 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%

Pharmaceutical Project Manager Bonus and Incentive Rates in United States Virgin 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 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 United States Virgin Islands earn approximately 15% more than private sector employees in the same role.

Public Sector
35,340 USD
Private Sector -15%
30,800 USD

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 United States Virgin Islands.

Job Title Category Salary
Assistant Pharmacist Pharmaceutical and Biotechnology 28,820 USD
Assistant Pharmacy Director Pharmaceutical and Biotechnology 53,860 USD
Associate Medical Affairs Director Pharmaceutical and Biotechnology 67,320 USD
Bioinformatics Scientist Pharmaceutical and Biotechnology 65,800 USD
Bioinformatics Technician Pharmaceutical and Biotechnology 27,480 USD
Biological Scientist Pharmaceutical and Biotechnology 69,780 USD
Biological Technician Pharmaceutical and Biotechnology 28,660 USD
Biomedical Engineer Pharmaceutical and Biotechnology 25,440 USD
Biomedical Engineering Director Pharmaceutical and Biotechnology 54,460 USD
Biostatistician Pharmaceutical and Biotechnology 46,840 USD
Biotechnologist Pharmaceutical and Biotechnology 42,320 USD
Biotechnology Lead Data Manager Pharmaceutical and Biotechnology 31,520 USD
Chemical Process Technician Pharmaceutical and Biotechnology 32,620 USD
Clinical Consultant Pharmaceutical and Biotechnology 40,600 USD
Clinical Data Manager Pharmaceutical and Biotechnology 41,180 USD
Clinical Data Specialist Pharmaceutical and Biotechnology 37,880 USD
Clinical Informatics Specialist Pharmaceutical and Biotechnology 31,980 USD
Clinical Operations Manager Pharmaceutical and Biotechnology 62,100 USD
Clinical Pharmacist Pharmaceutical and Biotechnology 38,700 USD
Clinical Pharmacy Specialist Pharmaceutical and Biotechnology 49,020 USD
Clinical Programmer Pharmaceutical and Biotechnology 19,980 USD
Clinical Project Manager Pharmaceutical and Biotechnology 37,880 USD
Clinical Research Associate Pharmaceutical and Biotechnology 36,800 USD
Clinical Research Manager Pharmaceutical and Biotechnology 60,340 USD
Clinical Study Manager Pharmaceutical and Biotechnology 50,620 USD
Compliance Specialist Pharmaceutical and Biotechnology 41,480 USD
Cytology Laboratory Technologist Pharmaceutical and Biotechnology 36,160 USD
Cytotechnologist Pharmaceutical and Biotechnology 35,500 USD
GCP Auditor Pharmaceutical and Biotechnology 35,340 USD
Hospital Pharmacy Technician Pharmaceutical and Biotechnology 31,080 USD
Manufacturing Engineer Pharmaceutical and Biotechnology 35,340 USD
Medical Affairs Director Pharmaceutical and Biotechnology 68,900 USD
Medical Representative Pharmaceutical and Biotechnology 27,480 USD
Medical Science Liaison Pharmaceutical and Biotechnology 43,800 USD
Molecular and Cellular Biologist Pharmaceutical and Biotechnology 71,660 USD
Nuclear Pharmacist Pharmaceutical and Biotechnology 43,760 USD
Pharmaceutical Manager Pharmaceutical and Biotechnology 71,400 USD
Pharmaceutical Manufacturing Lead Pharmaceutical and Biotechnology 76,440 USD
Pharmaceutical Operations Excellence Manager Pharmaceutical and Biotechnology 64,200 USD
Pharmaceutical Process Engineer Pharmaceutical and Biotechnology 35,260 USD
Pharmaceutical Production Assistant Manager Pharmaceutical and Biotechnology 45,600 USD
Pharmaceutical Quality Auditor Pharmaceutical and Biotechnology 48,820 USD
Pharmaceutical Regulatory Affairs Assistant Pharmaceutical and Biotechnology 35,560 USD
Pharmaceutical Regulatory Affairs Manager Pharmaceutical and Biotechnology 48,740 USD
Pharmaceutical Regulatory Affairs Specialist Pharmaceutical and Biotechnology 39,960 USD
Pharmaceutical Representative Pharmaceutical and Biotechnology 29,840 USD
Pharmaceutical Research Associate Pharmaceutical and Biotechnology 42,320 USD
Pharmaceutical Research Scientist Pharmaceutical and Biotechnology 60,180 USD
Pharmaceutical Researcher Pharmaceutical and Biotechnology 60,920 USD
Pharmaceutical Sales and Marketing Manager Pharmaceutical and Biotechnology 53,660 USD
Pharmaceutical Sales Manager Pharmaceutical and Biotechnology 62,420 USD
Pharmaceutical Sales Representative Pharmaceutical and Biotechnology 29,320 USD
Pharmaceutical Supply Chain Manager Pharmaceutical and Biotechnology 68,060 USD
Pharmaceutical Team Leader Pharmaceutical and Biotechnology 43,760 USD
Pharmaceutical Technologist Pharmaceutical and Biotechnology 34,160 USD
Pharmacist Pharmaceutical and Biotechnology 41,900 USD
Pharmacy Aide Pharmaceutical and Biotechnology 28,820 USD
Pharmacy Manager Pharmaceutical and Biotechnology 61,460 USD
Pharmacy Stock Controller Pharmaceutical and Biotechnology 27,020 USD
Pharmacy Technician Pharmaceutical and Biotechnology 24,280 USD
Records Management Coordinator Pharmaceutical and Biotechnology 24,820 USD
Shift Encapsulator Pharmaceutical and Biotechnology 25,680 USD
Staff Pharmacist Pharmaceutical and Biotechnology 40,040 USD

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