Average Risk Management Director Salary in Bahamas for 2026

In this article, we will look at the average Risk Management Director salary for 2026 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 Risk Management Director Make in Bahamas?

A Risk Management Director working in Bahamas will typically earn around 78,700 BSD per year, and this can range from the lowest average salary of about 41,500 BSD to the highest average salary of 121,800 BSD.

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

Risk Management Director 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 Risk Management Director Salaries in Bahamas

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

Salary ranges

We already know that a Risk Management Director can earn between 41,500 BSD and 121,800 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 Risk Management Director in Bahamas is 73,800 BSD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 73,800 BSD, and 50% of the population earn more than 73,800 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 Risk Management Director salary in Bahamas, 25% of the population are earning less than 51,100 BSD while 75% of the population earn more than 51,100 BSD.

75% of the population earn less than 93,100 BSD, and 25% of the population earn more than 93,100 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.

Risk Management Director 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 Risk Management Director 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 Risk Management Director in Bahamas that has less than two years of experience can expect to earn somewhere in the region of 46,900 BSD.
• 2 - 5 Years Experience. With two to five years of experience the average Risk Management Director salary would increase to 58,700 BSD.
• 5 - 10 Years Experience. From five to ten years of experience as a Risk Management Director, the average salary would be 83,000 BSD.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 100,300 BSD.
• 15 - 20 Years Experience. A Risk Management Director with 15 to 20 years of experience can earn an average of 109,700 BSD.
• 20+ Years Experience. For a Risk Management Director with more than 20 years, the expected average salary increases to 116,400 BSD.

Average Salary by Experience Chart

Risk Management Director 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 Risk Management Director in Bahamas based on the education level of the employees in order to find out whether a better education level would increase your salary.

• Certificate or Diploma. A Risk Management Director in Bahamas with a certificate or diploma education can earn an average salary of 58,500 BSD.
• Bachelor's Degree. A Risk Management Director in Bahamas with a bachelor's degree education can earn an average salary of 62,300 BSD.
• Master's Degree. A Risk Management Director in Bahamas with a master's degree education can earn an average salary of 90,900 BSD.
• PhD. A Risk Management Director in Bahamas with a phd education can earn an average salary of 116,400 BSD.

Average Salary by Education Chart

Risk Management Director 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 risk management director will earn an average of 85,500 BSD, while a female risk management director will earn around 73,300 BSD.

This means that a male risk management director earns approximately 17% more than a female risk management director for performing the same job.

Average Salary by Gender Chart in Bahamas

Risk Management Director 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 Risk Management Director in Bahamas is around 9% every 29 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 ÷ 29 ) × 12  = 4%

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

Annual Pay Raise by Industry in Bahamas for 2026

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.

Risk Management Director 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 Risk Management Director is a moderate bonus based job, with 61% of employees reporting at least one bonus in the last 12 months.

39% 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%.

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.

Salaries for Jobs Similar to a Risk Management Director

In the table below, we have salary information for jobs that are similar to a Risk Management Director in Bahamas.