Average Quality Assurance Executive Salary in Bermuda for 2024

In this article, we will look at the average Quality Assurance Executive salary for 2024 in Bermuda 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 Bermudian dollar. To keep things simple, we are using the BMD currency code instead of the currency symbol $.

How Much Does a Quality Assurance Executive Make in Bermuda?

A Quality Assurance Executive working in Bermuda will typically earn around 27,020 BMD per year, and this can range from the lowest average salary of about 14,620 BMD to the highest average salary of 47,180 BMD.

Average Annual Salary
27,020 BMD
Average Monthly Salary
2,251 BMD

Lowest Annual Salary
14,620 BMD
Lowest Monthly Salary
1,218 BMD

Highest Annual Salary
47,180 BMD
Highest Monthly Salary
3,931 BMD

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

Quality Assurance Executive 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 Quality Assurance Executive Salaries in Bermuda

So we've looked at the average salaries a Quality Assurance Executive will earn in Bermuda. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Quality Assurance Executive can earn between 14,620 BMD and 47,180 BMD on average in Bermuda. 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 Quality Assurance Executive in Bermuda is 32,620 BMD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 32,620 BMD, and 50% of the population earn more than 32,620 BMD.

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 Quality Assurance Executive salary in Bermuda, 25% of the population are earning less than 21,540 BMD while 75% of the population earn more than 21,540 BMD.

75% of the population earn less than 41,560 BMD, and 25% of the population earn more than 41,560 BMD.

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.

Quality Assurance Executive Salary by Experience Level in Bermuda

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 quality assurance executive 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 Quality Assurance Executive in Bermuda that has less than two years of experience can expect to earn somewhere in the region of 17,020 BMD.
  • 2 - 5 Years Experience. With two to five years of experience the average Quality Assurance Executive salary would increase to 19,160 BMD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Quality Assurance Executive, the average salary would be 28,680 BMD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 35,260 BMD.
  • 15 - 20 Years Experience. A Quality Assurance Executive with 15 to 20 years of experience can earn an average of 38,700 BMD.
  • 20+ Years Experience. For a Quality Assurance Executive with more than 20 years, the expected average salary increases to 43,260 BMD.

Average Salary by Experience Chart

0-2 Years
17,020 BMD
2-5 Years +34%
19,160 BMD
5-10 Years +48%
28,680 BMD
10-15 Years +22%
35,260 BMD
15-20 Years +9%
38,700 BMD
20+ Years +8%
43,260 BMD

Quality Assurance Executive Salary by Education Level in Bermuda

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 Quality Assurance Executive in Bermuda based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Quality Assurance Executive in Bermuda with a bachelor's degree education can earn an average salary of 15,920 BMD.

  • Master's Degree. A Quality Assurance Executive in Bermuda with a master's degree education can earn an average salary of 35,560 BMD.

Average Salary by Education Chart

Bachelor's Degree
15,920 BMD
Master's Degree +93%
35,560 BMD

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 Bermuda is around 7,970 to 23,900 BMD 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.

Quality Assurance Executive 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 Bermuda, a male quality assurance executive will earn an average of 31,340 BMD, while a female quality assurance executive will earn around 27,300 BMD.

This means that a male quality assurance executive earns approximately 15% more than a female quality assurance executive for performing the same job.

Average Salary by Gender Chart in Bermuda

Male
31,340 BMD
Female -15%
27,300 BMD

Quality Assurance Executive Average Pay Raise in Bermuda

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 Quality Assurance Executive in Bermuda is around 8% every 30 months.

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

What this means is that a Quality Assurance Executive in Bermuda can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Bermuda for 2024

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

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%

Quality Assurance Executive Bonus and Incentive Rates in Bermuda

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 Quality Assurance Executive is a low bonus based job, with 42% of employees reporting at least one bonus in the last 12 months.

58% 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
42%
No Bonus
58%

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 Bermuda earn approximately 33% more than private sector employees in the same role.

Public Sector
21,540 BMD
Private Sector -33%
16,140 BMD

Salaries for Jobs Similar to a Quality Assurance Executive

In the table below, we have salary information for jobs that are similar to a Quality Assurance Executive in Bermuda.

Job Title Category Salary
Approval Team Manager Quality Control and Compliance 22,420 BMD
Assistant Quality Manager Quality Control and Compliance 20,940 BMD
Compliance Officer Quality Control and Compliance 12,120 BMD
Document Analyst Quality Control and Compliance 9,960 BMD
Document Control Officer Quality Control and Compliance 7,080 BMD
Document Control Specialist Quality Control and Compliance 9,740 BMD
HACCP Coordinator Quality Control and Compliance 12,760 BMD
Inspection Supervisor Quality Control and Compliance 19,640 BMD
Internal Compliance Officer Quality Control and Compliance 12,200 BMD
Product Complaints Associate Quality Control and Compliance 11,040 BMD
Product Owner Quality Control and Compliance 19,060 BMD
Product Quality Leader Quality Control and Compliance 22,420 BMD
QMS Coordinator Quality Control and Compliance 13,700 BMD
Quality and Safety Site Leader Quality Control and Compliance 19,940 BMD
Quality Assurance Administrator Quality Control and Compliance 20,120 BMD
Quality Assurance Analyst Quality Control and Compliance 19,980 BMD
Quality Assurance Associate Quality Control and Compliance 13,700 BMD
Quality Assurance Auditor Quality Control and Compliance 18,280 BMD
Quality Assurance Document Control Quality Control and Compliance 10,320 BMD
Quality Assurance Engineer Quality Control and Compliance 12,200 BMD
Quality Assurance Inspector Quality Control and Compliance 21,540 BMD
Quality Assurance Manager Quality Control and Compliance 32,620 BMD
Quality Assurance Specialist Quality Control and Compliance 21,100 BMD
Quality Assurance Supervisor Quality Control and Compliance 19,060 BMD
Quality Assurance Technician Quality Control and Compliance 10,220 BMD
Quality Assurance Tester Quality Control and Compliance 12,520 BMD
Quality Control Analyst Quality Control and Compliance 21,540 BMD
Quality Control and Compliance Officer Quality Control and Compliance 13,060 BMD
Quality Control and Quality Assurance Officer Quality Control and Compliance 12,240 BMD
Quality Control Auditor Quality Control and Compliance 19,640 BMD
Quality Control Chemist Quality Control and Compliance 23,520 BMD
Quality Control Coordinator Quality Control and Compliance 13,700 BMD
Quality Control Engineer Quality Control and Compliance 13,700 BMD
Quality Control Executive Quality Control and Compliance 26,860 BMD
Quality Control Manager Quality Control and Compliance 30,220 BMD
Quality Control Supervisor Quality Control and Compliance 21,980 BMD
Quality Control Technician Quality Control and Compliance 10,000 BMD
Quality Data Analyst Quality Control and Compliance 18,780 BMD
Quality Director Quality Control and Compliance 31,340 BMD
Quality Engineer Quality Control and Compliance 12,520 BMD
Quality Executive Quality Control and Compliance 22,540 BMD
Quality Improvement Coordinator Quality Control and Compliance 13,780 BMD
Quality Management Officer Quality Control and Compliance 11,040 BMD
Quality Manager Quality Control and Compliance 35,500 BMD
Quality Surveyor Quality Control and Compliance 16,980 BMD
Quality Trainer Quality Control and Compliance 21,400 BMD
Six Sigma Black Belt Quality Control and Compliance 25,220 BMD

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