Average Research Assistant Salary in Bahamas for 2024

In this article, we will look at the average Research Assistant salary for 2024 in Bahamas 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 Bahamian dollar. To keep things simple, we are using the BSD currency code instead of the currency symbol $.

How Much Does a Research Assistant Make in Bahamas?

A Research Assistant working in Bahamas will typically earn around 33,300 BSD per year, and this can range from the lowest average salary of about 18,400 BSD to the highest average salary of 51,100 BSD.

Average Annual Salary
33,300 BSD
Average Monthly Salary
2,775 BSD

Lowest Annual Salary
18,400 BSD
Lowest Monthly Salary
1,533 BSD

Highest Annual Salary
51,100 BSD
Highest Monthly Salary
4,258 BSD

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

Research Assistant 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 Research Assistant Salaries in Bahamas

So we've looked at the average salaries a Research Assistant will earn in Bahamas. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Research Assistant can earn between 18,400 BSD and 51,100 BSD on average in Bahamas. 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 Research Assistant in Bahamas is 34,100 BSD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 34,100 BSD, and 50% of the population earn more than 34,100 BSD.

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 Research Assistant salary in Bahamas, 25% of the population are earning less than 23,400 BSD while 75% of the population earn more than 23,400 BSD.

75% of the population earn less than 39,700 BSD, and 25% of the population earn more than 39,700 BSD.

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.

Research Assistant Salary by Experience Level in Bahamas

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 research assistant 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 Research Assistant in Bahamas that has less than two years of experience can expect to earn somewhere in the region of 19,200 BSD.
  • 2 - 5 Years Experience. With two to five years of experience the average Research Assistant salary would increase to 22,800 BSD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Research Assistant, the average salary would be 33,600 BSD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 40,300 BSD.
  • 15 - 20 Years Experience. A Research Assistant with 15 to 20 years of experience can earn an average of 45,700 BSD.
  • 20+ Years Experience. For a Research Assistant with more than 20 years, the expected average salary increases to 48,000 BSD.

Average Salary by Experience Chart

0-2 Years
19,200 BSD
2-5 Years +31%
22,800 BSD
5-10 Years +40%
33,600 BSD
10-15 Years +20%
40,300 BSD
15-20 Years +9%
45,700 BSD
20+ Years +8%
48,000 BSD

Research Assistant Salary by Education Level in Bahamas

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 Research Assistant in Bahamas 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 Research Assistant in Bahamas with a high school education can earn an average salary of 23,700 BSD.

  • Certificate or Diploma. A Research Assistant in Bahamas with a certificate or diploma education can earn an average salary of 27,800 BSD.

  • Bachelor's Degree. A Research Assistant in Bahamas with a bachelor's degree education can earn an average salary of 37,100 BSD.

  • Master's Degree. A Research Assistant in Bahamas with a master's degree education can earn an average salary of 45,300 BSD.

Average Salary by Education Chart

High School
23,700 BSD
Certificate or Diploma +15%
27,800 BSD
Bachelor's Degree +41%
37,100 BSD
Master's Degree +29%
45,300 BSD

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 Bahamas is around 19,500 to 58,400 BSD 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.

Research Assistant 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 Bahamas, a male research assistant will earn an average of 36,500 BSD, while a female research assistant will earn around 29,100 BSD.

This means that a male research assistant earns approximately 25% more than a female research assistant for performing the same job.

Average Salary by Gender Chart in Bahamas

Male
36,500 BSD
Female -25%
29,100 BSD

Research Assistant Average Pay Raise in Bahamas

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 Research Assistant in Bahamas is around 9% every 26 months.

The national average pay raise across all professions and industries in Bahamas 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 ÷ 26 ) × 12  = 4%

What this means is that a Research Assistant in Bahamas can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Bahamas for 2024

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

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%

Research Assistant Bonus and Incentive Rates in Bahamas

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 Research Assistant is a low bonus based job, with 36% of employees reporting at least one bonus in the last 12 months.

64% 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
36%
No Bonus
64%

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 Bahamas earn approximately 11% more than private sector employees in the same role.

Public Sector
51,500 BSD
Private Sector -11%
46,300 BSD

Salaries for Jobs Similar to a Research Assistant

In the table below, we have salary information for jobs that are similar to a Research Assistant in Bahamas.

Job Title Category Salary
Assistant Business Development Manager Business Planning 62,300 BSD
Assistant Merchandise Planner Business Planning 36,900 BSD
Business Advisor Business Planning 63,000 BSD
Business Analyst Business Planning 61,500 BSD
Business Consultant Business Planning 55,500 BSD
Business Continuity Associate Business Planning 35,000 BSD
Business Developer Business Planning 39,100 BSD
Business Development Analyst Business Planning 42,500 BSD
Business Development Associate Business Planning 32,200 BSD
Business Development Coordinator Business Planning 32,600 BSD
Business Development Director Business Planning 83,800 BSD
Business Development Engineer Business Planning 48,600 BSD
Business Development Executive Business Planning 61,700 BSD
Business Development Manager Business Planning 77,300 BSD
Business Development Specialist Business Planning 57,800 BSD
Business Manager Business Planning 65,700 BSD
Business Operations Specialist Business Planning 55,200 BSD
Business Process Writer Business Planning 32,900 BSD
Business Systems Analyst Business Planning 58,800 BSD
Capacity Planner Business Planning 41,000 BSD
Capacity Planning Supervisor Business Planning 58,200 BSD
Change Communications Analyst Business Planning 52,000 BSD
Change Control Analyst Business Planning 55,400 BSD
Change Impact Analyst Business Planning 54,900 BSD
Contracts Executive Business Planning 57,800 BSD
Corporate Strategy Analyst Business Planning 59,900 BSD
Cost Control Engineer Business Planning 38,000 BSD
Cost Controller Business Planning 40,300 BSD
Cost Estimator Business Planning 39,500 BSD
Data Executive Business Planning 29,400 BSD
Data Manager Business Planning 45,000 BSD
Data Processing Manager Business Planning 51,400 BSD
Development Researcher Business Planning 46,000 BSD
Director of Business Development Business Planning 83,800 BSD
Director of Production Planning Business Planning 71,000 BSD
Due Diligence Analyst Business Planning 63,200 BSD
Estimating Manager Business Planning 67,600 BSD
General Manager Business Planning 74,100 BSD
Incident Handler Business Planning 40,000 BSD
Incident Specialist Business Planning 50,800 BSD
Lean Consultant Business Planning 43,500 BSD
Manager Business Planning 80,700 BSD
Marketing and Business Development Manager Business Planning 68,200 BSD
Materials Planner Business Planning 26,500 BSD
Merchandise Assistant Business Planning 23,600 BSD
Merchandise Controller Business Planning 25,700 BSD
Merchandise Planner Business Planning 26,400 BSD
Operations Analyst Business Planning 55,700 BSD
Operations Manager Business Planning 65,200 BSD
Operations Research Analyst Business Planning 35,100 BSD
Planning and Reporting Manager Business Planning 63,200 BSD
Planning Director Business Planning 77,000 BSD
Project Administrator Business Planning 37,900 BSD
Project Manager Business Planning 58,800 BSD
Project Planner Business Planning 39,500 BSD
Research Engineer Business Planning 36,400 BSD
Research Officer Business Planning 30,100 BSD
Risk Management Specialist Business Planning 58,500 BSD
Scholarship Coordinator Business Planning 29,100 BSD
Store Planner Business Planning 26,500 BSD
Strategy Director Business Planning 84,800 BSD
Top Research and Development Executive Business Planning 81,300 BSD

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