Average Pharmaceutical Researcher Salary in British Indian Ocean Territory for 2024

In this article, we will look at the average Pharmaceutical Researcher salary for 2024 in British Indian Ocean Territory 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 Researcher Make in British Indian Ocean Territory?

A Pharmaceutical Researcher working in British Indian Ocean Territory will typically earn around 57,860 USD per year, and this can range from the lowest average salary of about 29,040 USD to the highest average salary of 92,680 USD.

Average Annual Salary
57,860 USD
Average Monthly Salary
4,821 USD

Lowest Annual Salary
29,040 USD
Lowest Monthly Salary
2,420 USD

Highest Annual Salary
92,680 USD
Highest Monthly Salary
7,723 USD

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

Pharmaceutical Researcher 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 Researcher Salaries in British Indian Ocean Territory

So we've looked at the average salaries a Pharmaceutical Researcher will earn in British Indian Ocean Territory. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Pharmaceutical Researcher can earn between 29,040 USD and 92,680 USD on average in British Indian Ocean Territory. 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 Researcher in British Indian Ocean Territory is 64,560 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 64,560 USD, and 50% of the population earn more than 64,560 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 Researcher salary in British Indian Ocean Territory, 25% of the population are earning less than 40,040 USD while 75% of the population earn more than 40,040 USD.

75% of the population earn less than 87,020 USD, and 25% of the population earn more than 87,020 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 Researcher Salary by Experience Level in British Indian Ocean Territory

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 researcher 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 Researcher in British Indian Ocean Territory that has less than two years of experience can expect to earn somewhere in the region of 29,160 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Pharmaceutical Researcher salary would increase to 41,180 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Pharmaceutical Researcher, the average salary would be 60,160 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 73,800 USD.
  • 15 - 20 Years Experience. A Pharmaceutical Researcher with 15 to 20 years of experience can earn an average of 83,020 USD.
  • 20+ Years Experience. For a Pharmaceutical Researcher with more than 20 years, the expected average salary increases to 88,620 USD.

Average Salary by Experience Chart

0-2 Years
29,160 USD
2-5 Years +34%
41,180 USD
5-10 Years +48%
60,160 USD
10-15 Years +22%
73,800 USD
15-20 Years +9%
83,020 USD
20+ Years +8%
88,620 USD

Pharmaceutical Researcher Salary by Education Level in British Indian Ocean Territory

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 Researcher in British Indian Ocean Territory 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 Researcher in British Indian Ocean Territory with a bachelor's degree education can earn an average salary of 34,280 USD.

  • Master's Degree. A Pharmaceutical Researcher in British Indian Ocean Territory with a master's degree education can earn an average salary of 55,020 USD.

  • PhD. A Pharmaceutical Researcher in British Indian Ocean Territory with a phd education can earn an average salary of 91,960 USD.

Average Salary by Education Chart

Bachelor's Degree
34,280 USD
Master's Degree +57%
55,020 USD
PhD +68%
91,960 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 British Indian Ocean Territory is around 13,400 to 40,200 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 Researcher 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 British Indian Ocean Territory, a male pharmaceutical researcher will earn an average of 63,040 USD, while a female pharmaceutical researcher will earn around 52,300 USD.

This means that a male pharmaceutical researcher earns approximately 21% more than a female pharmaceutical researcher for performing the same job.

Average Salary by Gender Chart in British Indian Ocean Territory

Male
63,040 USD
Female -21%
52,300 USD

Pharmaceutical Researcher Average Pay Raise in British Indian Ocean Territory

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 Researcher in British Indian Ocean Territory is around 7% every 30 months.

The national average pay raise across all professions and industries in British Indian Ocean Territory 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 Researcher in British Indian Ocean Territory can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in British Indian Ocean Territory for 2024

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

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 Researcher Bonus and Incentive Rates in British Indian Ocean Territory

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 Researcher is a low bonus based job, with 43% of employees reporting at least one bonus in the last 12 months.

57% 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 2% to 7%.

Received Bonus
43%
No Bonus
57%

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 British Indian Ocean Territory earn approximately 35% more than private sector employees in the same role.

Public Sector
37,200 USD
Private Sector -35%
27,480 USD

Salaries for Jobs Similar to a Pharmaceutical Researcher

In the table below, we have salary information for jobs that are similar to a Pharmaceutical Researcher in British Indian Ocean Territory.

Job Title Category Salary
Assistant Pharmacist Pharmaceutical and Biotechnology 28,820 USD
Assistant Pharmacy Director Pharmaceutical and Biotechnology 49,300 USD
Associate Medical Affairs Director Pharmaceutical and Biotechnology 68,320 USD
Bioinformatics Scientist Pharmaceutical and Biotechnology 64,300 USD
Bioinformatics Technician Pharmaceutical and Biotechnology 29,640 USD
Biological Scientist Pharmaceutical and Biotechnology 66,480 USD
Biological Technician Pharmaceutical and Biotechnology 27,560 USD
Biomedical Engineer Pharmaceutical and Biotechnology 26,660 USD
Biomedical Engineering Director Pharmaceutical and Biotechnology 55,940 USD
Biostatistician Pharmaceutical and Biotechnology 42,400 USD
Biotechnologist Pharmaceutical and Biotechnology 40,600 USD
Biotechnology Lead Data Manager Pharmaceutical and Biotechnology 33,520 USD
Chemical Process Technician Pharmaceutical and Biotechnology 30,220 USD
Clinical Consultant Pharmaceutical and Biotechnology 43,340 USD
Clinical Data Manager Pharmaceutical and Biotechnology 42,320 USD
Clinical Data Specialist Pharmaceutical and Biotechnology 40,560 USD
Clinical Informatics Specialist Pharmaceutical and Biotechnology 32,620 USD
Clinical Operations Manager Pharmaceutical and Biotechnology 61,780 USD
Clinical Pharmacist Pharmaceutical and Biotechnology 41,820 USD
Clinical Pharmacy Specialist Pharmaceutical and Biotechnology 52,540 USD
Clinical Programmer Pharmaceutical and Biotechnology 20,000 USD
Clinical Project Manager Pharmaceutical and Biotechnology 40,560 USD
Clinical Research Associate Pharmaceutical and Biotechnology 35,000 USD
Clinical Research Manager Pharmaceutical and Biotechnology 60,160 USD
Clinical Study Manager Pharmaceutical and Biotechnology 52,180 USD
Compliance Specialist Pharmaceutical and Biotechnology 44,800 USD
Cytology Laboratory Technologist Pharmaceutical and Biotechnology 30,700 USD
Cytotechnologist Pharmaceutical and Biotechnology 34,980 USD
GCP Auditor Pharmaceutical and Biotechnology 37,620 USD
Hospital Pharmacy Technician Pharmaceutical and Biotechnology 31,520 USD
Manufacturing Engineer Pharmaceutical and Biotechnology 33,520 USD
Medical Affairs Director Pharmaceutical and Biotechnology 64,620 USD
Medical Representative Pharmaceutical and Biotechnology 26,660 USD
Medical Science Liaison Pharmaceutical and Biotechnology 46,040 USD
Molecular and Cellular Biologist Pharmaceutical and Biotechnology 64,620 USD
Nuclear Pharmacist Pharmaceutical and Biotechnology 44,140 USD
Pharmaceutical Manager Pharmaceutical and Biotechnology 73,980 USD
Pharmaceutical Manufacturing Lead Pharmaceutical and Biotechnology 74,300 USD
Pharmaceutical Operations Excellence Manager Pharmaceutical and Biotechnology 66,120 USD
Pharmaceutical Process Engineer Pharmaceutical and Biotechnology 41,980 USD
Pharmaceutical Production Assistant Manager Pharmaceutical and Biotechnology 46,840 USD
Pharmaceutical Project Manager Pharmaceutical and Biotechnology 46,160 USD
Pharmaceutical Quality Auditor Pharmaceutical and Biotechnology 42,960 USD
Pharmaceutical Regulatory Affairs Assistant Pharmaceutical and Biotechnology 34,480 USD
Pharmaceutical Regulatory Affairs Manager Pharmaceutical and Biotechnology 47,400 USD
Pharmaceutical Regulatory Affairs Specialist Pharmaceutical and Biotechnology 37,740 USD
Pharmaceutical Representative Pharmaceutical and Biotechnology 27,020 USD
Pharmaceutical Research Associate Pharmaceutical and Biotechnology 40,600 USD
Pharmaceutical Research Scientist Pharmaceutical and Biotechnology 66,580 USD
Pharmaceutical Sales and Marketing Manager Pharmaceutical and Biotechnology 48,640 USD
Pharmaceutical Sales Manager Pharmaceutical and Biotechnology 58,520 USD
Pharmaceutical Sales Representative Pharmaceutical and Biotechnology 28,720 USD
Pharmaceutical Supply Chain Manager Pharmaceutical and Biotechnology 63,320 USD
Pharmaceutical Team Leader Pharmaceutical and Biotechnology 47,580 USD
Pharmaceutical Technologist Pharmaceutical and Biotechnology 31,660 USD
Pharmacist Pharmaceutical and Biotechnology 43,340 USD
Pharmacy Aide Pharmaceutical and Biotechnology 29,040 USD
Pharmacy Manager Pharmaceutical and Biotechnology 58,200 USD
Pharmacy Stock Controller Pharmaceutical and Biotechnology 25,680 USD
Pharmacy Technician Pharmaceutical and Biotechnology 25,940 USD
Records Management Coordinator Pharmaceutical and Biotechnology 22,420 USD
Shift Encapsulator Pharmaceutical and Biotechnology 24,200 USD
Staff Pharmacist Pharmaceutical and Biotechnology 44,300 USD

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