Average Product Researcher Salary in Dominica for 2024

In this article, we will look at the average Product Researcher 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 Product Researcher Make in Dominica?

A Product Researcher working in Dominica will typically earn around 12,200 XCD per year, and this can range from the lowest average salary of about 6,180 XCD to the highest average salary of 17,740 XCD.

Average Annual Salary
12,200 XCD
Average Monthly Salary
1,016 XCD

Lowest Annual Salary
6,180 XCD
Lowest Monthly Salary
515 XCD

Highest Annual Salary
17,740 XCD
Highest Monthly Salary
1,478 XCD

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

Product 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 Product Researcher Salaries in Dominica

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

Salary ranges

We already know that a Product Researcher can earn between 6,180 XCD and 17,740 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 Product Researcher in Dominica is 11,040 XCD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 11,040 XCD, and 50% of the population earn more than 11,040 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 Product Researcher salary in Dominica, 25% of the population are earning less than 8,960 XCD while 75% of the population earn more than 8,960 XCD.

75% of the population earn less than 14,140 XCD, and 25% of the population earn more than 14,140 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.

Product Researcher 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 product 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 Product Researcher in Dominica that has less than two years of experience can expect to earn somewhere in the region of 6,760 XCD.
  • 2 - 5 Years Experience. With two to five years of experience the average Product Researcher salary would increase to 7,800 XCD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Product Researcher, the average salary would be 13,060 XCD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 17,260 XCD.
  • 15 - 20 Years Experience. A Product Researcher with 15 to 20 years of experience can earn an average of 17,540 XCD.
  • 20+ Years Experience. For a Product Researcher with more than 20 years, the expected average salary increases to 15,920 XCD.

Average Salary by Experience Chart

0-2 Years
6,760 XCD
2-5 Years +29%
7,800 XCD
5-10 Years +38%
13,060 XCD
10-15 Years +24%
17,260 XCD
15-20 Years +7%
17,540 XCD
20+ Years +7%
15,920 XCD

Product Researcher 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 Product Researcher 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 Product Researcher in Dominica with a high school education can earn an average salary of 9,360 XCD.

  • Certificate or Diploma. A Product Researcher in Dominica with a certificate or diploma education can earn an average salary of 9,980 XCD.

  • Bachelor's Degree. A Product Researcher in Dominica with a bachelor's degree education can earn an average salary of 13,960 XCD.

  • Master's Degree. A Product Researcher in Dominica with a master's degree education can earn an average salary of 16,340 XCD.

Average Salary by Education Chart

High School
9,360 XCD
Certificate or Diploma +15%
9,980 XCD
Bachelor's Degree +35%
13,960 XCD
Master's Degree +26%
16,340 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.

Product 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 Dominica, a male product researcher will earn an average of 13,700 XCD, while a female product researcher will earn around 10,080 XCD.

This means that a male product researcher earns approximately 36% more than a female product researcher for performing the same job.

Average Salary by Gender Chart in Dominica

Male
13,700 XCD
Female -36%
10,080 XCD

Product Researcher 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 Product Researcher in Dominica is around 8% every 27 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 = ( 8 ÷ 27 ) × 12  = 4%

What this means is that a Product Researcher 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%

Product Researcher 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 Product Researcher is a low bonus based job, with 38% of employees reporting at least one bonus in the last 12 months.

62% 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
38%
No Bonus
62%

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 Product Researcher

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

Job Title Category Salary
Account Handler Marketing 13,100 XCD
Affiliate Manager Marketing 18,280 XCD
Analytics Specialist Marketing 12,000 XCD
Assistant Brand Manager Marketing 20,500 XCD
Assistant Product Manager Marketing 20,000 XCD
Associate Marketing Manager Marketing 23,400 XCD
Associate Product Manager Marketing 23,400 XCD
Brand Ambassador Marketing 24,860 XCD
Brand Director Marketing 33,440 XCD
Brand Executive Marketing 28,680 XCD
Brand Manager Marketing 26,400 XCD
Business Analytics Specialist Marketing 14,200 XCD
Business Channel Manager Marketing 20,500 XCD
Business Intelligence Team Leader Marketing 21,540 XCD
Campaign Specialist Marketing 15,700 XCD
Chief Marketing Officer Marketing 31,040 XCD
Chief Product Officer Marketing 26,100 XCD
Communications Officer Marketing 8,100 XCD
Content Manager Marketing 15,300 XCD
Content Marketing Strategist Marketing 18,940 XCD
Copy Editer Marketing 13,660 XCD
Copy Writer Marketing 10,080 XCD
Creative Marketing Lead Marketing 20,300 XCD
Creative Writer Marketing 11,040 XCD
Digital Marketer Marketing 15,920 XCD
Digital Marketing Manager Marketing 24,840 XCD
Digital Marketing Strategist Marketing 24,280 XCD
Digital Media Specialist Marketing 21,020 XCD
Director of Marketing Marketing 32,620 XCD
Director of Research Marketing 22,420 XCD
eMarketing Manager Marketing 25,220 XCD
Event Marketing Marketing 23,660 XCD
Head of Executive Search Marketing 27,300 XCD
Key Affiliate Manager Marketing 24,280 XCD
Localization Manager Marketing 21,020 XCD
Market Development Executive Marketing 24,200 XCD
Market Development Manager Marketing 23,260 XCD
Market Research Analyst Marketing 21,020 XCD
Market Research Manager Marketing 20,460 XCD
Market Segmentation Director Marketing 23,080 XCD
Marketing Account Supervisor Marketing 17,860 XCD
Marketing Administrator Marketing 15,580 XCD
Marketing Advisor Marketing 16,980 XCD
Marketing Analyst Marketing 17,860 XCD
Marketing and Communications Officer Marketing 12,760 XCD
Marketing and Sales Head Marketing 30,220 XCD
Marketing Assistant Marketing 9,740 XCD
Marketing Associate Marketing 8,560 XCD
Marketing Communications Manager Marketing 19,380 XCD
Marketing Consultant Marketing 22,420 XCD
Marketing Coordinator Marketing 12,020 XCD
Marketing Director Marketing 33,440 XCD
Marketing Distribution Executive Marketing 22,340 XCD
Marketing Executive Marketing 23,260 XCD
Marketing Manager Marketing 30,220 XCD
Marketing Officer Marketing 9,980 XCD
Marketing Segment Manager Marketing 22,420 XCD
Marketing Specialist Marketing 14,820 XCD
Marketing Supervisor Marketing 19,220 XCD
Marketing Vice President Marketing 24,200 XCD
Marketing Writer Marketing 10,080 XCD
Online Marketing Analyst Marketing 18,780 XCD
Online Marketing Manager Marketing 20,940 XCD
Optimization Manager Marketing 20,940 XCD
Outbound Sales Marketing 12,580 XCD
Outreach Coordinator Marketing 14,620 XCD
Outreach Specialist Marketing 15,380 XCD
Product Development Marketing 23,520 XCD
Product Manager Marketing 23,260 XCD
Product Marketing Engineer Marketing 13,540 XCD
Product Marketing Executive Marketing 24,280 XCD
Product Marketing Manager Marketing 20,760 XCD
Product Strategist Marketing 19,220 XCD
Product Strategy Researcher Marketing 19,220 XCD
Product Training Specialist Marketing 15,580 XCD
Project Manager Marketing 19,220 XCD
Publications Coordinator Marketing 12,760 XCD
Research Executive Marketing 21,560 XCD
Sales and Marketing Assistant Marketing 9,460 XCD
Sales and Marketing Coordinator Marketing 9,740 XCD
Sales and Marketing Director Marketing 33,440 XCD
Sales Director Marketing 28,720 XCD
Sales Management Support Marketing 9,740 XCD
Sales Manager Marketing 32,020 XCD
Search Marketing Strategist Marketing 25,160 XCD
Social Media Administrator Marketing 18,780 XCD
Social Media Specialist Marketing 16,340 XCD
Spaceman Analyst Marketing 10,320 XCD
Sponsorship Consultant Marketing 17,100 XCD
Team Leader Marketing 19,640 XCD
Telemarketer Marketing 7,800 XCD
Trade Marketing Executive Marketing 23,080 XCD
Trade Marketing Manager Marketing 22,400 XCD
Trade Marketing Professional Marketing 19,640 XCD
Trade Marketing Specialist Marketing 13,960 XCD
Web Analytics Manager Marketing 20,300 XCD
Web Content Manager Marketing 19,860 XCD

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