Average Security Officer Salary in Bermuda for 2024

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

A Security Officer working in Bermuda will typically earn around 8,440 BMD per year, and this can range from the lowest average salary of about 1,420 BMD to the highest average salary of 12,300 BMD.

Average Annual Salary
8,440 BMD
Average Monthly Salary
703 BMD

Lowest Annual Salary
1,420 BMD
Lowest Monthly Salary
118 BMD

Highest Annual Salary
12,300 BMD
Highest Monthly Salary
1,025 BMD

These are average salaries for a Security Officer in Bermuda 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 Bermuda

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

Salary ranges

We already know that a Security Officer can earn between 1,420 BMD and 12,300 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 Security Officer in Bermuda is 7,620 BMD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 7,620 BMD, and 50% of the population earn more than 7,620 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 Security Officer salary in Bermuda, 25% of the population are earning less than 5,780 BMD while 75% of the population earn more than 5,780 BMD.

75% of the population earn less than 9,140 BMD, and 25% of the population earn more than 9,140 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.

Security Officer 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 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 Bermuda that has less than two years of experience can expect to earn somewhere in the region of 4,400 BMD.
  • 2 - 5 Years Experience. With two to five years of experience the average Security Officer salary would increase to 6,300 BMD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Security Officer, the average salary would be 6,760 BMD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 9,020 BMD.
  • 15 - 20 Years Experience. A Security Officer with 15 to 20 years of experience can earn an average of 8,560 BMD.
  • 20+ Years Experience. For a Security Officer with more than 20 years, the expected average salary increases to 9,980 BMD.

Average Salary by Experience Chart

0-2 Years
4,400 BMD
2-5 Years +33%
6,300 BMD
5-10 Years +48%
6,760 BMD
10-15 Years +22%
9,020 BMD
15-20 Years +9%
8,560 BMD
20+ Years +8%
9,980 BMD

Security Officer 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 Security Officer in Bermuda 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 Bermuda with a high school education can earn an average salary of 2,480 BMD.

  • Certificate or Diploma. A Security Officer in Bermuda with a certificate or diploma education can earn an average salary of 8,420 BMD.

Average Salary by Education Chart

High School
2,480 BMD
Certificate or Diploma +93%
8,420 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.

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 Bermuda, a male security officer will earn an average of 7,040 BMD, while a female security officer will earn around 5,040 BMD.

This means that a male security officer earns approximately 40% more than a female security officer for performing the same job.

Average Salary by Gender Chart in Bermuda

Male
7,040 BMD
Female -40%
5,040 BMD

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

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

Security Officer 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 Security Officer is a low bonus based job, with 15% of employees reporting at least one bonus in the last 12 months.

85% 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
15%
No Bonus
85%

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 Security Officer

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

Job Title Category Salary
Accreditation Coordinator Law Enforcement / Security / Fire 17,540 BMD
Accreditation Manager Law Enforcement / Security / Fire 23,660 BMD
Advocate Law Enforcement / Security / Fire 14,540 BMD
Armed Security Officer Law Enforcement / Security / Fire 14,200 BMD
Company Guard Law Enforcement / Security / Fire 7,620 BMD
Control Room Operator Law Enforcement / Security / Fire 6,960 BMD
Correctional Officer Law Enforcement / Security / Fire 10,220 BMD
Criminal Investigator Law Enforcement / Security / Fire 22,420 BMD
Facility Monitor Law Enforcement / Security / Fire 13,660 BMD
Fire Chief Law Enforcement / Security / Fire 21,560 BMD
Fire Dispatcher Law Enforcement / Security / Fire 12,300 BMD
Fire Education Specialist Law Enforcement / Security / Fire 17,740 BMD
Fire Extinguisher Technician Law Enforcement / Security / Fire 5,200 BMD
Fire Fighter Law Enforcement / Security / Fire 10,000 BMD
Fire Inspector Law Enforcement / Security / Fire 18,280 BMD
Fire Investigator Law Enforcement / Security / Fire 19,860 BMD
Fire Prevention Engineer Law Enforcement / Security / Fire 16,340 BMD
Fire Prevention Officer Law Enforcement / Security / Fire 15,880 BMD
Fire Protection Specialist Law Enforcement / Security / Fire 19,220 BMD
Forensic Investigator Law Enforcement / Security / Fire 18,280 BMD
Forensic Science Technician Law Enforcement / Security / Fire 19,380 BMD
Fraud and Forensic Specialist Law Enforcement / Security / Fire 23,380 BMD
Fraud Examiner Law Enforcement / Security / Fire 21,400 BMD
Grants Specialist Law Enforcement / Security / Fire 25,940 BMD
Intellectual Property Associate Law Enforcement / Security / Fire 17,760 BMD
Intelligence Research Specialist Law Enforcement / Security / Fire 29,600 BMD
Investigator Law Enforcement / Security / Fire 19,060 BMD
Jail Officer Law Enforcement / Security / Fire 7,800 BMD
Juvenile Probation Officer Law Enforcement / Security / Fire 13,100 BMD
Juvenile Supervision Officer Law Enforcement / Security / Fire 12,620 BMD
Lock-Smith Law Enforcement / Security / Fire 5,620 BMD
Parole Officer Law Enforcement / Security / Fire 11,300 BMD
Police Captain Law Enforcement / Security / Fire 25,940 BMD
Police Communications Officer Law Enforcement / Security / Fire 15,880 BMD
Police Officer Law Enforcement / Security / Fire 11,040 BMD
Police Patrol Officer Law Enforcement / Security / Fire 11,300 BMD
Prison Officer Law Enforcement / Security / Fire 9,360 BMD
Prisoner Custody Officer Law Enforcement / Security / Fire 5,960 BMD
Private Detective / Investigator Law Enforcement / Security / Fire 19,380 BMD
Security Adviser Law Enforcement / Security / Fire 21,380 BMD
Security Guard Law Enforcement / Security / Fire 5,620 BMD
Security Management Specialist Law Enforcement / Security / Fire 26,280 BMD
Security Manager Law Enforcement / Security / Fire 26,400 BMD
Security Supervisor Law Enforcement / Security / Fire 14,820 BMD
Security Systems Installer Law Enforcement / Security / Fire 17,100 BMD
Security Technician Law Enforcement / Security / Fire 6,760 BMD
Surveillance Operator Law Enforcement / Security / Fire 8,780 BMD
Traffic Controller Law Enforcement / Security / Fire 12,620 BMD

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