Average Security Officer Salary in Bahamas for 2024

In this article, we will look at the average Security Officer 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 Security Officer Make in Bahamas?

A Security Officer working in Bahamas will typically earn around 16,900 BSD per year, and this can range from the lowest average salary of about 6,570 BSD to the highest average salary of 27,000 BSD.

Average Annual Salary
16,900 BSD
Average Monthly Salary
1,408 BSD

Lowest Annual Salary
6,570 BSD
Lowest Monthly Salary
547 BSD

Highest Annual Salary
27,000 BSD
Highest Monthly Salary
2,250 BSD

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

Security Officer 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 Security Officer Salaries in Bahamas

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

Salary ranges

We already know that a Security Officer can earn between 6,570 BSD and 27,000 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 Security Officer in Bahamas is 15,700 BSD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 15,700 BSD, and 50% of the population earn more than 15,700 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 Security Officer salary in Bahamas, 25% of the population are earning less than 11,900 BSD while 75% of the population earn more than 11,900 BSD.

75% of the population earn less than 24,400 BSD, and 25% of the population earn more than 24,400 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.

Security Officer 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 security officer 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 Security Officer in Bahamas that has less than two years of experience can expect to earn somewhere in the region of 10,330 BSD.
  • 2 - 5 Years Experience. With two to five years of experience the average Security Officer salary would increase to 13,000 BSD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Security Officer, the average salary would be 18,600 BSD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 20,100 BSD.
  • 15 - 20 Years Experience. A Security Officer with 15 to 20 years of experience can earn an average of 23,500 BSD.
  • 20+ Years Experience. For a Security Officer with more than 20 years, the expected average salary increases to 23,600 BSD.

Average Salary by Experience Chart

0-2 Years
10,330 BSD
2-5 Years +29%
13,000 BSD
5-10 Years +38%
18,600 BSD
10-15 Years +24%
20,100 BSD
15-20 Years +7%
23,500 BSD
20+ Years +7%
23,600 BSD

Security Officer 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 Security Officer 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 Security Officer in Bahamas with a high school education can earn an average salary of 14,500 BSD.

  • Certificate or Diploma. A Security Officer in Bahamas with a certificate or diploma education can earn an average salary of 22,200 BSD.

Average Salary by Education Chart

High School
14,500 BSD
Certificate or Diploma +65%
22,200 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.

Security Officer 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 security officer will earn an average of 19,300 BSD, while a female security officer will earn around 16,800 BSD.

This means that a male security officer earns approximately 15% more than a female security officer for performing the same job.

Average Salary by Gender Chart in Bahamas

Male
19,300 BSD
Female -15%
16,800 BSD

Security Officer 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 Security Officer in Bahamas is around 5% 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 = ( 5 ÷ 29 ) × 12  = 2%

What this means is that a Security Officer in Bahamas can expect to receive an average pay raise of around 2% 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%

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

88% 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 0% to 4%.

Received Bonus
12%
No Bonus
88%

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 Security Officer

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

Job Title Category Salary
Accreditation Coordinator Law Enforcement / Security / Fire 41,500 BSD
Accreditation Manager Law Enforcement / Security / Fire 54,100 BSD
Advocate Law Enforcement / Security / Fire 33,300 BSD
Armed Security Officer Law Enforcement / Security / Fire 31,700 BSD
Company Guard Law Enforcement / Security / Fire 19,100 BSD
Control Room Operator Law Enforcement / Security / Fire 17,100 BSD
Correctional Officer Law Enforcement / Security / Fire 25,800 BSD
Criminal Investigator Law Enforcement / Security / Fire 55,700 BSD
Facility Monitor Law Enforcement / Security / Fire 31,400 BSD
Fire Chief Law Enforcement / Security / Fire 50,100 BSD
Fire Dispatcher Law Enforcement / Security / Fire 27,400 BSD
Fire Education Specialist Law Enforcement / Security / Fire 46,400 BSD
Fire Extinguisher Technician Law Enforcement / Security / Fire 14,200 BSD
Fire Fighter Law Enforcement / Security / Fire 25,800 BSD
Fire Inspector Law Enforcement / Security / Fire 50,000 BSD
Fire Investigator Law Enforcement / Security / Fire 50,800 BSD
Fire Prevention Engineer Law Enforcement / Security / Fire 45,000 BSD
Fire Prevention Officer Law Enforcement / Security / Fire 37,800 BSD
Fire Protection Specialist Law Enforcement / Security / Fire 40,300 BSD
Forensic Investigator Law Enforcement / Security / Fire 47,100 BSD
Forensic Science Technician Law Enforcement / Security / Fire 51,600 BSD
Fraud and Forensic Specialist Law Enforcement / Security / Fire 51,100 BSD
Fraud Examiner Law Enforcement / Security / Fire 56,100 BSD
Grants Specialist Law Enforcement / Security / Fire 60,200 BSD
Intellectual Property Associate Law Enforcement / Security / Fire 46,700 BSD
Intelligence Research Specialist Law Enforcement / Security / Fire 73,500 BSD
Investigator Law Enforcement / Security / Fire 51,300 BSD
Jail Officer Law Enforcement / Security / Fire 23,800 BSD
Juvenile Probation Officer Law Enforcement / Security / Fire 33,800 BSD
Juvenile Supervision Officer Law Enforcement / Security / Fire 36,600 BSD
Lock-Smith Law Enforcement / Security / Fire 13,100 BSD
Parole Officer Law Enforcement / Security / Fire 23,600 BSD
Police Captain Law Enforcement / Security / Fire 60,200 BSD
Police Communications Officer Law Enforcement / Security / Fire 35,300 BSD
Police Officer Law Enforcement / Security / Fire 30,800 BSD
Police Patrol Officer Law Enforcement / Security / Fire 27,000 BSD
Prison Officer Law Enforcement / Security / Fire 23,800 BSD
Prisoner Custody Officer Law Enforcement / Security / Fire 17,100 BSD
Private Detective / Investigator Law Enforcement / Security / Fire 54,600 BSD
Security Adviser Law Enforcement / Security / Fire 50,000 BSD
Security Guard Law Enforcement / Security / Fire 15,800 BSD
Security Management Specialist Law Enforcement / Security / Fire 68,400 BSD
Security Manager Law Enforcement / Security / Fire 69,800 BSD
Security Supervisor Law Enforcement / Security / Fire 41,300 BSD
Security Systems Installer Law Enforcement / Security / Fire 36,900 BSD
Security Technician Law Enforcement / Security / Fire 16,400 BSD
Surveillance Operator Law Enforcement / Security / Fire 22,600 BSD
Traffic Controller Law Enforcement / Security / Fire 30,700 BSD

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