Average Pharmaceutical Representative Salary in Montserrat for 2024

In this article, we will look at the average Pharmaceutical Representative salary for 2024 in Montserrat 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 Eastern Caribbean dollar. To keep things simple, we are using the XCD currency code instead of the currency symbol $.

How Much Does a Pharmaceutical Representative Make in Montserrat?

A Pharmaceutical Representative working in Montserrat will typically earn around 28,660 XCD per year, and this can range from the lowest average salary of about 14,920 XCD to the highest average salary of 43,340 XCD.

Average Annual Salary
28,660 XCD
Average Monthly Salary
2,388 XCD

Lowest Annual Salary
14,920 XCD
Lowest Monthly Salary
1,243 XCD

Highest Annual Salary
43,340 XCD
Highest Monthly Salary
3,611 XCD

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

Pharmaceutical Representative 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 Representative Salaries in Montserrat

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

Salary ranges

We already know that a Pharmaceutical Representative can earn between 14,920 XCD and 43,340 XCD on average in Montserrat. 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 Representative in Montserrat is 26,780 XCD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 26,780 XCD, and 50% of the population earn more than 26,780 XCD.

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 Representative salary in Montserrat, 25% of the population are earning less than 20,300 XCD while 75% of the population earn more than 20,300 XCD.

75% of the population earn less than 34,980 XCD, and 25% of the population earn more than 34,980 XCD.

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 Representative Salary by Experience Level in Montserrat

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 representative 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 Representative in Montserrat that has less than two years of experience can expect to earn somewhere in the region of 18,260 XCD.
  • 2 - 5 Years Experience. With two to five years of experience the average Pharmaceutical Representative salary would increase to 23,400 XCD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Pharmaceutical Representative, the average salary would be 28,900 XCD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 35,520 XCD.
  • 15 - 20 Years Experience. A Pharmaceutical Representative with 15 to 20 years of experience can earn an average of 38,060 XCD.
  • 20+ Years Experience. For a Pharmaceutical Representative with more than 20 years, the expected average salary increases to 41,980 XCD.

Average Salary by Experience Chart

0-2 Years
18,260 XCD
2-5 Years +34%
23,400 XCD
5-10 Years +30%
28,900 XCD
10-15 Years +21%
35,520 XCD
15-20 Years +9%
38,060 XCD
20+ Years +5%
41,980 XCD

Pharmaceutical Representative Salary by Education Level in Montserrat

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 Representative in Montserrat 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 Representative in Montserrat with a bachelor's degree education can earn an average salary of 24,280 XCD.

  • Master's Degree. A Pharmaceutical Representative in Montserrat with a master's degree education can earn an average salary of 30,700 XCD.

Average Salary by Education Chart

Bachelor's Degree
24,280 XCD
Master's Degree +39%
30,700 XCD

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 Montserrat is around 13,600 to 40,700 XCD 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 Representative 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 Montserrat, a male pharmaceutical representative will earn an average of 28,860 XCD, while a female pharmaceutical representative will earn around 25,660 XCD.

This means that a male pharmaceutical representative earns approximately 12% more than a female pharmaceutical representative for performing the same job.

Average Salary by Gender Chart in Montserrat

Male
28,860 XCD
Female -12%
25,660 XCD

Pharmaceutical Representative Average Pay Raise in Montserrat

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 Representative in Montserrat is around 6% every 29 months.

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

What this means is that a Pharmaceutical Representative in Montserrat can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Montserrat for 2024

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

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 Representative Bonus and Incentive Rates in Montserrat

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 Representative is a moderate bonus based job, with 60% of employees reporting at least one bonus in the last 12 months.

40% 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
60%
No Bonus
40%

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 Montserrat earn approximately 10% more than private sector employees in the same role.

Public Sector
34,540 XCD
Private Sector -10%
31,400 XCD

Salaries for Jobs Similar to a Pharmaceutical Representative

In the table below, we have salary information for jobs that are similar to a Pharmaceutical Representative in Montserrat.

Job Title Category Salary
Assistant Pharmacist Pharmaceutical and Biotechnology 28,820 XCD
Assistant Pharmacy Director Pharmaceutical and Biotechnology 50,980 XCD
Associate Medical Affairs Director Pharmaceutical and Biotechnology 67,120 XCD
Bioinformatics Scientist Pharmaceutical and Biotechnology 61,840 XCD
Bioinformatics Technician Pharmaceutical and Biotechnology 30,700 XCD
Biological Scientist Pharmaceutical and Biotechnology 64,620 XCD
Biological Technician Pharmaceutical and Biotechnology 31,540 XCD
Biomedical Engineer Pharmaceutical and Biotechnology 27,480 XCD
Biomedical Engineering Director Pharmaceutical and Biotechnology 51,800 XCD
Biostatistician Pharmaceutical and Biotechnology 44,540 XCD
Biotechnologist Pharmaceutical and Biotechnology 43,340 XCD
Biotechnology Lead Data Manager Pharmaceutical and Biotechnology 33,120 XCD
Chemical Process Technician Pharmaceutical and Biotechnology 27,020 XCD
Clinical Consultant Pharmaceutical and Biotechnology 45,580 XCD
Clinical Data Manager Pharmaceutical and Biotechnology 40,040 XCD
Clinical Data Specialist Pharmaceutical and Biotechnology 37,880 XCD
Clinical Informatics Specialist Pharmaceutical and Biotechnology 32,620 XCD
Clinical Operations Manager Pharmaceutical and Biotechnology 61,400 XCD
Clinical Pharmacist Pharmaceutical and Biotechnology 39,560 XCD
Clinical Pharmacy Specialist Pharmaceutical and Biotechnology 50,080 XCD
Clinical Programmer Pharmaceutical and Biotechnology 21,560 XCD
Clinical Project Manager Pharmaceutical and Biotechnology 37,880 XCD
Clinical Research Associate Pharmaceutical and Biotechnology 36,700 XCD
Clinical Research Manager Pharmaceutical and Biotechnology 60,340 XCD
Clinical Study Manager Pharmaceutical and Biotechnology 53,660 XCD
Compliance Specialist Pharmaceutical and Biotechnology 43,260 XCD
Cytology Laboratory Technologist Pharmaceutical and Biotechnology 35,340 XCD
Cytotechnologist Pharmaceutical and Biotechnology 32,420 XCD
GCP Auditor Pharmaceutical and Biotechnology 36,940 XCD
Hospital Pharmacy Technician Pharmaceutical and Biotechnology 31,380 XCD
Manufacturing Engineer Pharmaceutical and Biotechnology 38,260 XCD
Medical Affairs Director Pharmaceutical and Biotechnology 63,480 XCD
Medical Representative Pharmaceutical and Biotechnology 29,040 XCD
Medical Science Liaison Pharmaceutical and Biotechnology 48,740 XCD
Molecular and Cellular Biologist Pharmaceutical and Biotechnology 69,260 XCD
Nuclear Pharmacist Pharmaceutical and Biotechnology 43,260 XCD
Pharmaceutical Manager Pharmaceutical and Biotechnology 73,040 XCD
Pharmaceutical Manufacturing Lead Pharmaceutical and Biotechnology 78,480 XCD
Pharmaceutical Operations Excellence Manager Pharmaceutical and Biotechnology 67,800 XCD
Pharmaceutical Process Engineer Pharmaceutical and Biotechnology 38,180 XCD
Pharmaceutical Production Assistant Manager Pharmaceutical and Biotechnology 46,280 XCD
Pharmaceutical Project Manager Pharmaceutical and Biotechnology 43,480 XCD
Pharmaceutical Quality Auditor Pharmaceutical and Biotechnology 45,600 XCD
Pharmaceutical Regulatory Affairs Assistant Pharmaceutical and Biotechnology 35,560 XCD
Pharmaceutical Regulatory Affairs Manager Pharmaceutical and Biotechnology 46,880 XCD
Pharmaceutical Regulatory Affairs Specialist Pharmaceutical and Biotechnology 35,260 XCD
Pharmaceutical Research Associate Pharmaceutical and Biotechnology 43,340 XCD
Pharmaceutical Research Scientist Pharmaceutical and Biotechnology 61,840 XCD
Pharmaceutical Researcher Pharmaceutical and Biotechnology 61,760 XCD
Pharmaceutical Sales and Marketing Manager Pharmaceutical and Biotechnology 50,540 XCD
Pharmaceutical Sales Manager Pharmaceutical and Biotechnology 60,400 XCD
Pharmaceutical Sales Representative Pharmaceutical and Biotechnology 29,540 XCD
Pharmaceutical Supply Chain Manager Pharmaceutical and Biotechnology 63,500 XCD
Pharmaceutical Team Leader Pharmaceutical and Biotechnology 45,600 XCD
Pharmaceutical Technologist Pharmaceutical and Biotechnology 32,900 XCD
Pharmacist Pharmaceutical and Biotechnology 43,340 XCD
Pharmacy Aide Pharmaceutical and Biotechnology 26,780 XCD
Pharmacy Manager Pharmaceutical and Biotechnology 56,460 XCD
Pharmacy Stock Controller Pharmaceutical and Biotechnology 25,940 XCD
Pharmacy Technician Pharmaceutical and Biotechnology 22,340 XCD
Records Management Coordinator Pharmaceutical and Biotechnology 23,520 XCD
Shift Encapsulator Pharmaceutical and Biotechnology 23,140 XCD
Staff Pharmacist Pharmaceutical and Biotechnology 38,700 XCD

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