Average Portfolio Manager Salary in Dominica for 2024

In this article, we will look at the average Portfolio Manager salary for 2024 in Dominica 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 Portfolio Manager Make in Dominica?

A Portfolio Manager working in Dominica will typically earn around 34,240 XCD per year, and this can range from the lowest average salary of about 17,620 XCD to the highest average salary of 50,560 XCD.

Average Annual Salary
34,240 XCD
Average Monthly Salary
2,853 XCD

Lowest Annual Salary
17,620 XCD
Lowest Monthly Salary
1,468 XCD

Highest Annual Salary
50,560 XCD
Highest Monthly Salary
4,213 XCD

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

Portfolio 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 Portfolio Manager Salaries in Dominica

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

Salary ranges

We already know that a Portfolio Manager can earn between 17,620 XCD and 50,560 XCD on average in Dominica. 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 Portfolio Manager in Dominica is 35,560 XCD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 35,560 XCD, and 50% of the population earn more than 35,560 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 Portfolio Manager salary in Dominica, 25% of the population are earning less than 21,980 XCD while 75% of the population earn more than 21,980 XCD.

75% of the population earn less than 45,200 XCD, and 25% of the population earn more than 45,200 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.

Portfolio Manager Salary by Experience Level in Dominica

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 portfolio 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 Portfolio Manager in Dominica that has less than two years of experience can expect to earn somewhere in the region of 19,020 XCD.
  • 2 - 5 Years Experience. With two to five years of experience the average Portfolio Manager salary would increase to 25,940 XCD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Portfolio Manager, the average salary would be 33,520 XCD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 44,180 XCD.
  • 15 - 20 Years Experience. A Portfolio Manager with 15 to 20 years of experience can earn an average of 44,780 XCD.
  • 20+ Years Experience. For a Portfolio Manager with more than 20 years, the expected average salary increases to 49,700 XCD.

Average Salary by Experience Chart

0-2 Years
19,020 XCD
2-5 Years +29%
25,940 XCD
5-10 Years +38%
33,520 XCD
10-15 Years +24%
44,180 XCD
15-20 Years +7%
44,780 XCD
20+ Years +7%
49,700 XCD

Portfolio Manager Salary by Education Level in Dominica

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 Portfolio Manager in Dominica 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 Portfolio Manager in Dominica with a high school education can earn an average salary of 25,220 XCD.

  • Certificate or Diploma. A Portfolio Manager in Dominica with a certificate or diploma education can earn an average salary of 27,620 XCD.

  • Bachelor's Degree. A Portfolio Manager in Dominica with a bachelor's degree education can earn an average salary of 35,420 XCD.

  • Master's Degree. A Portfolio Manager in Dominica with a master's degree education can earn an average salary of 48,820 XCD.

Average Salary by Education Chart

High School
25,220 XCD
Certificate or Diploma +15%
27,620 XCD
Bachelor's Degree +35%
35,420 XCD
Master's Degree +26%
48,820 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 Dominica is around 7,470 to 22,400 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.

Portfolio 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 Dominica, a male portfolio manager will earn an average of 33,980 XCD, while a female portfolio manager will earn around 31,380 XCD.

This means that a male portfolio manager earns approximately 8% more than a female portfolio manager for performing the same job.

Average Salary by Gender Chart in Dominica

Male
33,980 XCD
Female -8%
31,380 XCD

Portfolio Manager Average Pay Raise in Dominica

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 Portfolio Manager in Dominica is around 9% every 30 months.

The national average pay raise across all professions and industries in Dominica 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 = ( 9 ÷ 30 ) × 12  = 4%

What this means is that a Portfolio Manager in Dominica can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Dominica for 2024

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

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

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Portfolio Manager Bonus and Incentive Rates in Dominica

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 Portfolio Manager is a moderate bonus based job, with 65% of employees reporting at least one bonus in the last 12 months.

35% 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 5% to 9%.

Received Bonus
65%
No Bonus
35%

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 Dominica earn approximately 1% more than private sector employees in the same role.

Public Sector
17,740 XCD
Private Sector -1%
17,540 XCD

Salaries for Jobs Similar to a Portfolio Manager

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

Job Title Category Salary
Acquisition Associate Real Estate 13,560 XCD
Assistant Leasing Manager Real Estate 17,760 XCD
Assistant Property Manager Real Estate 19,860 XCD
Brokerage Real Estate 13,100 XCD
Brokerage Clerk Real Estate 7,040 XCD
Commercial Leasing Manager Real Estate 31,540 XCD
Commercial Real Estate Manager Real Estate 32,020 XCD
Community Development Manager Real Estate 28,660 XCD
Compliance Specialist Real Estate 12,000 XCD
Development Coordinator Real Estate 14,660 XCD
Director of Real Estate Real Estate 35,560 XCD
Lease Administrator Real Estate 20,120 XCD
Leasing Agent Real Estate 14,840 XCD
Leasing Consultant Real Estate 16,140 XCD
Leasing Manager Real Estate 19,480 XCD
Lettings Assistant Real Estate 6,200 XCD
Portfolio Analyst Real Estate 27,020 XCD
Property Acquisition Agent Real Estate 14,620 XCD
Property and Claims Specialist Real Estate 15,920 XCD
Property Manager Real Estate 23,400 XCD
Property Operations Manager Real Estate 31,180 XCD
Property Tax Assistant Real Estate 14,540 XCD
Real Estate Administrator Real Estate 18,260 XCD
Real Estate Agent Real Estate 17,100 XCD
Real Estate Analyst Real Estate 20,300 XCD
Real Estate Appraiser Real Estate 15,760 XCD
Real Estate Appraiser Real Estate 17,260 XCD
Real Estate Assistant Real Estate 14,200 XCD
Real Estate Association Manager Real Estate 21,380 XCD
Real Estate Broker Real Estate 12,240 XCD
Real Estate General Manager Real Estate 32,620 XCD
Real Estate Project Director Real Estate 27,480 XCD
Real Estate Project Manager Real Estate 25,440 XCD
Real Estate Sales Agent Real Estate 14,540 XCD
Real Estate Valuer Real Estate 17,260 XCD
Research Analyst Real Estate 13,560 XCD
Residential Advisor Real Estate 18,780 XCD
Residential Property Manager Real Estate 21,380 XCD
Shopping Center Manager Real Estate 31,040 XCD
Town Planner Real Estate 33,120 XCD

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