Average Plating Manager Salary in Bahamas for 2024

In this article, we will look at the average Plating Manager salary for 2024 in Bahamas 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 Bahamian dollar. To keep things simple, we are using the BSD currency code instead of the currency symbol $.

How Much Does a Plating Manager Make in Bahamas?

A Plating Manager working in Bahamas will typically earn around 49,700 BSD per year, and this can range from the lowest average salary of about 25,700 BSD to the highest average salary of 75,100 BSD.

Average Annual Salary
49,700 BSD
Average Monthly Salary
4,141 BSD

Lowest Annual Salary
25,700 BSD
Lowest Monthly Salary
2,141 BSD

Highest Annual Salary
75,100 BSD
Highest Monthly Salary
6,258 BSD

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

Plating 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 Plating Manager Salaries in Bahamas

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

Salary ranges

We already know that a Plating Manager can earn between 25,700 BSD and 75,100 BSD on average in Bahamas. 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 Plating Manager in Bahamas is 48,500 BSD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 48,500 BSD, and 50% of the population earn more than 48,500 BSD.

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 Plating Manager salary in Bahamas, 25% of the population are earning less than 31,700 BSD while 75% of the population earn more than 31,700 BSD.

75% of the population earn less than 63,200 BSD, and 25% of the population earn more than 63,200 BSD.

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.

Plating Manager Salary by Experience Level in Bahamas

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 plating 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 Plating Manager in Bahamas that has less than two years of experience can expect to earn somewhere in the region of 29,600 BSD.
  • 2 - 5 Years Experience. With two to five years of experience the average Plating Manager salary would increase to 35,600 BSD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Plating Manager, the average salary would be 53,600 BSD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 63,900 BSD.
  • 15 - 20 Years Experience. A Plating Manager with 15 to 20 years of experience can earn an average of 67,800 BSD.
  • 20+ Years Experience. For a Plating Manager with more than 20 years, the expected average salary increases to 73,300 BSD.

Average Salary by Experience Chart

0-2 Years
29,600 BSD
2-5 Years +31%
35,600 BSD
5-10 Years +40%
53,600 BSD
10-15 Years +20%
63,900 BSD
15-20 Years +9%
67,800 BSD
20+ Years +8%
73,300 BSD

Plating Manager Salary by Education Level in Bahamas

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 Plating Manager in Bahamas 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 Plating Manager in Bahamas with a high school education can earn an average salary of 32,900 BSD.

  • Certificate or Diploma. A Plating Manager in Bahamas with a certificate or diploma education can earn an average salary of 48,600 BSD.

  • Bachelor's Degree. A Plating Manager in Bahamas with a bachelor's degree education can earn an average salary of 73,100 BSD.

Average Salary by Education Chart

High School
32,900 BSD
Certificate or Diploma +47%
48,600 BSD
Bachelor's Degree +53%
73,100 BSD

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 Bahamas is around 19,500 to 58,400 BSD 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.

Plating 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 Bahamas, a male plating manager will earn an average of 46,100 BSD, while a female plating manager will earn around 55,200 BSD.

This means that a male plating manager earns approximately 16% less than a female plating manager for performing the same job.

Average Salary by Gender Chart in Bahamas

Male
46,100 BSD
Female +16%
55,200 BSD

Plating Manager Average Pay Raise in Bahamas

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 Plating Manager in Bahamas is around 7% every 29 months.

The national average pay raise across all professions and industries in Bahamas 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 = ( 7 ÷ 29 ) × 12  = 3%

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

Annual Pay Raise by Industry in Bahamas for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Plating Manager Bonus and Incentive Rates in Bahamas

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 Plating Manager is a low bonus based job, with 36% of employees reporting at least one bonus in the last 12 months.

64% 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
36%
No Bonus
64%

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 Bahamas earn approximately 11% more than private sector employees in the same role.

Public Sector
51,500 BSD
Private Sector -11%
46,300 BSD

Salaries for Jobs Similar to a Plating Manager

In the table below, we have salary information for jobs that are similar to a Plating Manager in Bahamas.

Job Title Category Salary
Alterations Specialist Fashion and Apparel 20,500 BSD
Barber Fashion and Apparel 20,000 BSD
Bench Jeweler Fashion and Apparel 15,300 BSD
Clothing and Textile Technologist Fashion and Apparel 41,300 BSD
Cosmetology Educator Fashion and Apparel 48,600 BSD
Diamond Setter Fashion and Apparel 23,200 BSD
Diamond Worker Fashion and Apparel 25,300 BSD
Fabric Manager Fashion and Apparel 46,200 BSD
Fashion Design Manager Fashion and Apparel 75,900 BSD
Fashion Designer Fashion and Apparel 65,500 BSD
Fashion Merchandiser Fashion and Apparel 31,700 BSD
Fashion Model Fashion and Apparel 44,300 BSD
Freelance Fashion Stylist Fashion and Apparel 73,500 BSD
Garment Technologist Fashion and Apparel 39,800 BSD
Hairstylist Fashion and Apparel 23,800 BSD
Jeweler Fashion and Apparel 38,100 BSD
Jewelry Mold Maker Fashion and Apparel 27,300 BSD
Jewelry Polisher Fashion and Apparel 17,100 BSD
Jewelry Sales Fashion and Apparel 28,900 BSD
Product Development Manager Fashion and Apparel 83,800 BSD
Sewing Machine Operator Fashion and Apparel 15,500 BSD
Shoe Sales Fashion and Apparel 22,400 BSD
Supply Chain Manager Fashion and Apparel 83,400 BSD
Tailor / Fitter Fashion and Apparel 18,200 BSD
Trend Forecaster Fashion and Apparel 48,600 BSD
Visual Merchandising Coordinator Fashion and Apparel 30,300 BSD
Visual Merchandising Projects Manager Fashion and Apparel 70,800 BSD

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  • "Average Plating Manager Salary in Bahamas for 2024". World Salaries. Accessed on March 29, 2024. https://worldsalaries.com/average-plating-manager-salary-in-bahamas/.

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