Average Product and Brand Manager Salary in Barbados for 2024

In this article, we will look at the average Product and Brand Manager salary for 2024 in Barbados 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 Barbadian dollar. To keep things simple, we are using the BBD currency code instead of the currency symbol $.

How Much Does a Product and Brand Manager Make in Barbados?

A Product and Brand Manager working in Barbados will typically earn around 61,400 BBD per year, and this can range from the lowest average salary of about 31,400 BBD to the highest average salary of 93,100 BBD.

Average Annual Salary
61,400 BBD
Average Monthly Salary
5,116 BBD

Lowest Annual Salary
31,400 BBD
Lowest Monthly Salary
2,616 BBD

Highest Annual Salary
93,100 BBD
Highest Monthly Salary
7,758 BBD

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

Product and Brand 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 Product and Brand Manager Salaries in Barbados

So we've looked at the average salaries a Product and Brand Manager will earn in Barbados. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Product and Brand Manager can earn between 31,400 BBD and 93,100 BBD on average in Barbados. 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 Product and Brand Manager in Barbados is 60,400 BBD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 60,400 BBD, and 50% of the population earn more than 60,400 BBD.

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 Product and Brand Manager salary in Barbados, 25% of the population are earning less than 41,700 BBD while 75% of the population earn more than 41,700 BBD.

75% of the population earn less than 72,540 BBD, and 25% of the population earn more than 72,540 BBD.

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.

Product and Brand Manager Salary by Experience Level in Barbados

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 product and brand 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 Product and Brand Manager in Barbados that has less than two years of experience can expect to earn somewhere in the region of 33,520 BBD.
  • 2 - 5 Years Experience. With two to five years of experience the average Product and Brand Manager salary would increase to 42,960 BBD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Product and Brand Manager, the average salary would be 62,460 BBD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 77,060 BBD.
  • 15 - 20 Years Experience. A Product and Brand Manager with 15 to 20 years of experience can earn an average of 80,540 BBD.
  • 20+ Years Experience. For a Product and Brand Manager with more than 20 years, the expected average salary increases to 89,120 BBD.

Average Salary by Experience Chart

0-2 Years
33,520 BBD
2-5 Years +31%
42,960 BBD
5-10 Years +40%
62,460 BBD
10-15 Years +20%
77,060 BBD
15-20 Years +9%
80,540 BBD
20+ Years +8%
89,120 BBD

Product and Brand Manager Salary by Education Level in Barbados

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 Product and Brand Manager in Barbados 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 Product and Brand Manager in Barbados with a high school education can earn an average salary of 40,040 BBD.

  • Certificate or Diploma. A Product and Brand Manager in Barbados with a certificate or diploma education can earn an average salary of 45,580 BBD.

  • Bachelor's Degree. A Product and Brand Manager in Barbados with a bachelor's degree education can earn an average salary of 65,080 BBD.

  • Master's Degree. A Product and Brand Manager in Barbados with a master's degree education can earn an average salary of 86,760 BBD.

Average Salary by Education Chart

High School
40,040 BBD
Certificate or Diploma +15%
45,580 BBD
Bachelor's Degree +41%
65,080 BBD
Master's Degree +29%
86,760 BBD

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 Barbados is around 16,300 to 48,800 BBD 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.

Product and Brand 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 Barbados, a male product and brand manager will earn an average of 64,720 BBD, while a female product and brand manager will earn around 58,440 BBD.

This means that a male product and brand manager earns approximately 11% more than a female product and brand manager for performing the same job.

Average Salary by Gender Chart in Barbados

Male
64,720 BBD
Female -11%
58,440 BBD

Product and Brand Manager Average Pay Raise in Barbados

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 Product and Brand Manager in Barbados is around 8% every 31 months.

The national average pay raise across all professions and industries in Barbados 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 = ( 8 ÷ 31 ) × 12  = 3%

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

Annual Pay Raise by Industry in Barbados for 2024

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

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%

Product and Brand Manager Bonus and Incentive Rates in Barbados

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 Product and Brand Manager is a moderate bonus based job, with 62% of employees reporting at least one bonus in the last 12 months.

38% 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
62%
No Bonus
38%

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 Barbados earn approximately 8% more than private sector employees in the same role.

Public Sector
38,780 BBD
Private Sector -8%
36,020 BBD

Salaries for Jobs Similar to a Product and Brand Manager

In the table below, we have salary information for jobs that are similar to a Product and Brand Manager in Barbados.

Job Title Category Salary
Advertising Account Executive Advertising / Graphic Design / Events 45,060 BBD
Advertising Account Manager Advertising / Graphic Design / Events 49,200 BBD
Advertising Account Planner Advertising / Graphic Design / Events 27,380 BBD
Advertising and Promotions Manager Advertising / Graphic Design / Events 68,360 BBD
Advertising Coordinator Advertising / Graphic Design / Events 29,160 BBD
Advertising Manager Advertising / Graphic Design / Events 64,300 BBD
Advertising Operations Manager Advertising / Graphic Design / Events 66,480 BBD
Advertising Sales Director Advertising / Graphic Design / Events 68,320 BBD
Advertising Strategic Planner Advertising / Graphic Design / Events 43,520 BBD
Advertising Team Leader Advertising / Graphic Design / Events 38,260 BBD
Animator Advertising / Graphic Design / Events 31,540 BBD
Art Director Advertising / Graphic Design / Events 42,320 BBD
Art Manager Advertising / Graphic Design / Events 39,800 BBD
Artist Advertising / Graphic Design / Events 31,520 BBD
Artworker Advertising / Graphic Design / Events 22,400 BBD
Assistant Art Director Advertising / Graphic Design / Events 32,020 BBD
Audio and Video Equipment Technician Advertising / Graphic Design / Events 23,480 BBD
Audio Engineer Advertising / Graphic Design / Events 28,900 BBD
Audiosual Technician Advertising / Graphic Design / Events 22,400 BBD
Broadcast Administrator Advertising / Graphic Design / Events 45,200 BBD
Catering Sales Advertising / Graphic Design / Events 25,720 BBD
Catering Trainer Advertising / Graphic Design / Events 31,340 BBD
Commercial and Industrial Designer Advertising / Graphic Design / Events 26,020 BBD
Conference Organiser Advertising / Graphic Design / Events 31,540 BBD
Content and Media Production Lead Advertising / Graphic Design / Events 45,260 BBD
CopyWriter Advertising / Graphic Design / Events 24,720 BBD
Creative Designer Advertising / Graphic Design / Events 27,020 BBD
Creative Director Advertising / Graphic Design / Events 39,080 BBD
Designer Advertising / Graphic Design / Events 22,420 BBD
Desktop Publisher Advertising / Graphic Design / Events 20,520 BBD
Digital Campaign Manager Advertising / Graphic Design / Events 40,640 BBD
Digital Media Manager Advertising / Graphic Design / Events 45,720 BBD
Digital Media Strategist Advertising / Graphic Design / Events 49,820 BBD
Director of Events Advertising / Graphic Design / Events 65,760 BBD
Director of Graphic Design Advertising / Graphic Design / Events 36,700 BBD
Director of Social Media Marketing Advertising / Graphic Design / Events 50,180 BBD
Events and Promotions Manager Advertising / Graphic Design / Events 65,800 BBD
Events Director Advertising / Graphic Design / Events 70,940 BBD
Exhibit Designer Advertising / Graphic Design / Events 34,240 BBD
Exhibit Display Coordinator Advertising / Graphic Design / Events 32,200 BBD
Exhibit Display Manager Advertising / Graphic Design / Events 39,800 BBD
Finisher Advertising / Graphic Design / Events 21,540 BBD
Graphic Artist Advertising / Graphic Design / Events 24,200 BBD
Graphic Design Specialist Advertising / Graphic Design / Events 27,020 BBD
Graphic Designer Advertising / Graphic Design / Events 24,800 BBD
Graphics Artist Advertising / Graphic Design / Events 25,680 BBD
Graphics Design Supervisor Advertising / Graphic Design / Events 34,120 BBD
Group Creative Director Advertising / Graphic Design / Events 40,600 BBD
Imagery Analyst Advertising / Graphic Design / Events 20,760 BBD
Imaging Technologist Advertising / Graphic Design / Events 22,420 BBD
Interaction Designer Advertising / Graphic Design / Events 21,540 BBD
Media Analyst Advertising / Graphic Design / Events 29,160 BBD
Media Executive Advertising / Graphic Design / Events 42,460 BBD
Media Planner Advertising / Graphic Design / Events 31,980 BBD
Media Production Coordinator Advertising / Graphic Design / Events 27,560 BBD
Media Production Manager Advertising / Graphic Design / Events 52,820 BBD
Media Project Manager Advertising / Graphic Design / Events 53,380 BBD
Media Relations Representative Advertising / Graphic Design / Events 47,760 BBD
Media Sales Executive Advertising / Graphic Design / Events 53,660 BBD
Meeting and Event Planner Advertising / Graphic Design / Events 28,680 BBD
Multimedia Artist Advertising / Graphic Design / Events 26,080 BBD
Multimedia Specialist Advertising / Graphic Design / Events 22,420 BBD
Photographer Advertising / Graphic Design / Events 20,760 BBD
PPC Campaign Manager Advertising / Graphic Design / Events 43,220 BBD
Print Production Manager Advertising / Graphic Design / Events 46,840 BBD
Sales Promotion Manager Advertising / Graphic Design / Events 63,500 BBD
Search Engine Optimization Specialist (SEO) Advertising / Graphic Design / Events 26,400 BBD
Sketch Artist Advertising / Graphic Design / Events 28,820 BBD
Social Media Executive Advertising / Graphic Design / Events 51,900 BBD
Social Media Manager Advertising / Graphic Design / Events 49,820 BBD
Social Media Marketing Manager Advertising / Graphic Design / Events 50,560 BBD
Social Media Strategist Advertising / Graphic Design / Events 52,540 BBD
Special Events Supervisor Advertising / Graphic Design / Events 36,580 BBD
Technical Typist Advertising / Graphic Design / Events 15,700 BBD
User Experience UX Designer Advertising / Graphic Design / Events 25,440 BBD
UX Designer Advertising / Graphic Design / Events 23,360 BBD

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