Average Project Buyer Salary in Jamaica for 2024

In this article, we will look at the average Project Buyer salary for 2024 in Jamaica 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 Jamaican dollar. To keep things simple, we are using the JMD currency code instead of the currency symbol $.

How Much Does a Project Buyer Make in Jamaica?

A Project Buyer working in Jamaica will typically earn around 1,417,600 JMD per year, and this can range from the lowest average salary of about 663,100 JMD to the highest average salary of 2,230,100 JMD.

Average Annual Salary
1,417,600 JMD
Average Monthly Salary
118,133 JMD

Lowest Annual Salary
663,100 JMD
Lowest Monthly Salary
55,258 JMD

Highest Annual Salary
2,230,100 JMD
Highest Monthly Salary
185,841 JMD

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

Project Buyer 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 Project Buyer Salaries in Jamaica

So we've looked at the average salaries a Project Buyer will earn in Jamaica. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Project Buyer can earn between 663,100 JMD and 2,230,100 JMD on average in Jamaica. 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 Project Buyer in Jamaica is 1,500,800 JMD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,500,800 JMD, and 50% of the population earn more than 1,500,800 JMD.

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 Project Buyer salary in Jamaica, 25% of the population are earning less than 971,200 JMD while 75% of the population earn more than 971,200 JMD.

75% of the population earn less than 1,980,600 JMD, and 25% of the population earn more than 1,980,600 JMD.

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.

Project Buyer Salary by Experience Level in Jamaica

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 project buyer 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 Project Buyer in Jamaica that has less than two years of experience can expect to earn somewhere in the region of 767,000 JMD.
  • 2 - 5 Years Experience. With two to five years of experience the average Project Buyer salary would increase to 1,057,100 JMD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Project Buyer, the average salary would be 1,500,800 JMD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,835,700 JMD.
  • 15 - 20 Years Experience. A Project Buyer with 15 to 20 years of experience can earn an average of 1,930,500 JMD.
  • 20+ Years Experience. For a Project Buyer with more than 20 years, the expected average salary increases to 2,100,900 JMD.

Average Salary by Experience Chart

0-2 Years
767,000 JMD
2-5 Years +38%
1,057,100 JMD
5-10 Years +42%
1,500,800 JMD
10-15 Years +22%
1,835,700 JMD
15-20 Years +6%
1,930,500 JMD
20+ Years +9%
2,100,900 JMD

Project Buyer Salary by Education Level in Jamaica

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 Project Buyer in Jamaica 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 Project Buyer in Jamaica with a high school education can earn an average salary of 913,400 JMD.

  • Certificate or Diploma. A Project Buyer in Jamaica with a certificate or diploma education can earn an average salary of 1,380,400 JMD.

  • Bachelor's Degree. A Project Buyer in Jamaica with a bachelor's degree education can earn an average salary of 2,076,600 JMD.

Average Salary by Education Chart

High School
913,400 JMD
Certificate or Diploma +51%
1,380,400 JMD
Bachelor's Degree +50%
2,076,600 JMD

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 Jamaica is around 482,000 to 1,450,000 JMD 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.

Project Buyer 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 Jamaica, a male project buyer will earn an average of 1,464,200 JMD, while a female project buyer will earn around 1,369,700 JMD.

This means that a male project buyer earns approximately 7% more than a female project buyer for performing the same job.

Average Salary by Gender Chart in Jamaica

Male
1,464,200 JMD
Female -7%
1,369,700 JMD

Project Buyer Average Pay Raise in Jamaica

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 Project Buyer in Jamaica is around 7% every 30 months.

The national average pay raise across all professions and industries in Jamaica 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 ÷ 30 ) × 12  = 3%

What this means is that a Project Buyer in Jamaica can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Jamaica for 2024

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

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%

Project Buyer Bonus and Incentive Rates in Jamaica

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 Project Buyer is a low bonus based job, with 41% of employees reporting at least one bonus in the last 12 months.

59% 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
41%
No Bonus
59%

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 Jamaica earn approximately 10% more than private sector employees in the same role.

Public Sector
1,235,600 JMD
Private Sector -10%
1,122,900 JMD

Salaries for Jobs Similar to a Project Buyer

In the table below, we have salary information for jobs that are similar to a Project Buyer in Jamaica.

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 1,097,500 JMD
Asset Protection Associate Purchasing and Inventory 1,011,500 JMD
Asset Protection Specialist Purchasing and Inventory 1,074,200 JMD
Assistant Buyer Purchasing and Inventory 938,700 JMD
Buyer Purchasing and Inventory 1,693,600 JMD
Capacity Planner Purchasing and Inventory 1,224,800 JMD
Category Leader Purchasing and Inventory 1,070,600 JMD
Category Management Specialist Purchasing and Inventory 1,108,500 JMD
Category Manager Purchasing and Inventory 1,273,300 JMD
Channel Services Representative Purchasing and Inventory 1,114,700 JMD
Contracts Manager Purchasing and Inventory 1,273,300 JMD
Contracts Specialist Purchasing and Inventory 1,032,400 JMD
Demand Planner Purchasing and Inventory 1,198,300 JMD
Demand Planning Manager Purchasing and Inventory 1,405,700 JMD
Distribution Assistant Purchasing and Inventory 946,000 JMD
Distribution Associate Purchasing and Inventory 966,100 JMD
Distribution Manager Purchasing and Inventory 1,990,300 JMD
Inventory Analyst Purchasing and Inventory 1,078,200 JMD
Inventory Control Clerk Purchasing and Inventory 548,800 JMD
Inventory Control Manager Purchasing and Inventory 1,405,700 JMD
Inventory Management Associate Purchasing and Inventory 1,141,600 JMD
Inventory Specialist Purchasing and Inventory 1,050,100 JMD
Logistics Engineer Purchasing and Inventory 1,007,400 JMD
Master Planner Purchasing and Inventory 1,064,100 JMD
Material Handler Purchasing and Inventory 619,800 JMD
Material Planning Specialist Purchasing and Inventory 884,700 JMD
Merchandise Manager Purchasing and Inventory 1,184,200 JMD
Procurement Administrator Purchasing and Inventory 1,224,800 JMD
Procurement Agent Purchasing and Inventory 819,000 JMD
Procurement Analyst Purchasing and Inventory 1,391,600 JMD
Procurement Assistant Purchasing and Inventory 825,900 JMD
Procurement Associate Purchasing and Inventory 1,124,200 JMD
Procurement Clerk Purchasing and Inventory 504,400 JMD
Procurement Engineer Purchasing and Inventory 1,053,900 JMD
Procurement Manager Purchasing and Inventory 2,184,900 JMD
Procurement Officer Purchasing and Inventory 522,700 JMD
Procurement Process Analyst Purchasing and Inventory 1,283,600 JMD
Procurement Specialist Purchasing and Inventory 965,800 JMD
Production Planner Purchasing and Inventory 1,224,800 JMD
Purchaser Purchasing and Inventory 1,594,500 JMD
Purchasing Agent Purchasing and Inventory 906,500 JMD
Purchasing Assistant Purchasing and Inventory 565,100 JMD
Purchasing Manager Purchasing and Inventory 2,110,600 JMD
Purchasing Officer Purchasing and Inventory 938,700 JMD
Purchasing Supervisor Purchasing and Inventory 1,405,700 JMD
Shipping and Receiving Clerk Purchasing and Inventory 500,100 JMD
Shipping Coordinator Purchasing and Inventory 1,038,700 JMD
Stock Clerk Purchasing and Inventory 574,200 JMD
Stock Regulator Purchasing and Inventory 614,600 JMD
Storage Manager Purchasing and Inventory 1,306,100 JMD
Store Keeper Purchasing and Inventory 535,900 JMD
Stores and Logistics Coordinator Purchasing and Inventory 1,124,200 JMD
Supply Chain Analyst Purchasing and Inventory 1,510,400 JMD
Supply Chain Coordinator Purchasing and Inventory 1,095,900 JMD
Supply Chain Development Manager Purchasing and Inventory 1,930,500 JMD
Supply Chain Director Purchasing and Inventory 2,207,600 JMD
Supply Chain Manager Purchasing and Inventory 2,161,200 JMD
Supply Planner Purchasing and Inventory 1,065,800 JMD
Warehouse Assistant Purchasing and Inventory 424,900 JMD
Warehouse Clerk Purchasing and Inventory 447,700 JMD
Warehouse Executive Purchasing and Inventory 1,777,700 JMD
Warehouse Lead Purchasing and Inventory 1,178,000 JMD
Warehouse Manager Purchasing and Inventory 1,800,200 JMD
Warehouse Supervisor Purchasing and Inventory 1,380,400 JMD
Wholesale Buyer Purchasing and Inventory 1,645,600 JMD

Salary Comparison by City

If you want to compare salaries with different cities in Jamaica, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Kingston 1,500,800 JMD

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