Average Statistical Analyst Salary in Montserrat for 2024

In this article, we will look at the average Statistical Analyst salary for 2024 in Montserrat 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 Eastern Caribbean dollar. To keep things simple, we are using the XCD currency code instead of the currency symbol $.

How Much Does a Statistical Analyst Make in Montserrat?

A Statistical Analyst working in Montserrat will typically earn around 29,160 XCD per year, and this can range from the lowest average salary of about 16,880 XCD to the highest average salary of 45,600 XCD.

Average Annual Salary
29,160 XCD
Average Monthly Salary
2,430 XCD

Lowest Annual Salary
16,880 XCD
Lowest Monthly Salary
1,406 XCD

Highest Annual Salary
45,600 XCD
Highest Monthly Salary
3,800 XCD

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

Statistical Analyst 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 Statistical Analyst Salaries in Montserrat

So we've looked at the average salaries a Statistical Analyst will earn in Montserrat. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Statistical Analyst can earn between 16,880 XCD and 45,600 XCD on average in Montserrat. 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 Statistical Analyst in Montserrat is 28,860 XCD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 28,860 XCD, and 50% of the population earn more than 28,860 XCD.

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 Statistical Analyst salary in Montserrat, 25% of the population are earning less than 20,940 XCD while 75% of the population earn more than 20,940 XCD.

75% of the population earn less than 38,260 XCD, and 25% of the population earn more than 38,260 XCD.

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.

Statistical Analyst Salary by Experience Level in Montserrat

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 statistical analyst 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 Statistical Analyst in Montserrat that has less than two years of experience can expect to earn somewhere in the region of 19,640 XCD.
  • 2 - 5 Years Experience. With two to five years of experience the average Statistical Analyst salary would increase to 23,080 XCD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Statistical Analyst, the average salary would be 33,120 XCD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 40,140 XCD.
  • 15 - 20 Years Experience. A Statistical Analyst with 15 to 20 years of experience can earn an average of 42,040 XCD.
  • 20+ Years Experience. For a Statistical Analyst with more than 20 years, the expected average salary increases to 45,600 XCD.

Average Salary by Experience Chart

0-2 Years
19,640 XCD
2-5 Years +34%
23,080 XCD
5-10 Years +30%
33,120 XCD
10-15 Years +21%
40,140 XCD
15-20 Years +9%
42,040 XCD
20+ Years +5%
45,600 XCD

Statistical Analyst Salary by Education Level in Montserrat

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 Statistical Analyst in Montserrat 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 Statistical Analyst in Montserrat with a bachelor's degree education can earn an average salary of 22,340 XCD.

  • Master's Degree. A Statistical Analyst in Montserrat with a master's degree education can earn an average salary of 27,480 XCD.

  • PhD. A Statistical Analyst in Montserrat with a phd education can earn an average salary of 46,980 XCD.

Average Salary by Education Chart

Bachelor's Degree
22,340 XCD
Master's Degree +24%
27,480 XCD
PhD +60%
46,980 XCD

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 Montserrat is around 13,600 to 40,700 XCD 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.

Statistical Analyst 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 Montserrat, a male statistical analyst will earn an average of 32,900 XCD, while a female statistical analyst will earn around 31,540 XCD.

This means that a male statistical analyst earns approximately 4% more than a female statistical analyst for performing the same job.

Average Salary by Gender Chart in Montserrat

Male
32,900 XCD
Female -4%
31,540 XCD

Statistical Analyst Average Pay Raise in Montserrat

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 Statistical Analyst in Montserrat is around 7% every 29 months.

The national average pay raise across all professions and industries in Montserrat is around 4% every 29 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 = ( 7 ÷ 29 ) × 12  = 3%

What this means is that a Statistical Analyst in Montserrat can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Montserrat for 2024

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

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Statistical Analyst Bonus and Incentive Rates in Montserrat

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 Statistical Analyst is a low bonus based job, with 35% of employees reporting at least one bonus in the last 12 months.

65% 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 5%.

Received Bonus
35%
No Bonus
65%

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 Montserrat earn approximately 10% more than private sector employees in the same role.

Public Sector
34,540 XCD
Private Sector -10%
31,400 XCD

Salaries for Jobs Similar to a Statistical Analyst

In the table below, we have salary information for jobs that are similar to a Statistical Analyst in Montserrat.

Job Title Category Salary
3D Lab Technologist Science and Technical Services 29,160 XCD
Algorithm Developer Science and Technical Services 41,820 XCD
Analytical Chemist Science and Technical Services 59,480 XCD
Anthropologist Science and Technical Services 41,820 XCD
Archeologist Science and Technical Services 42,400 XCD
Assistant Breeder Science and Technical Services 21,640 XCD
Astronomer Science and Technical Services 73,100 XCD
Atmospheric and Space Scientist Science and Technical Services 61,400 XCD
Behavior Analyst Science and Technical Services 40,040 XCD
Behavior Intervention Specialist Science and Technical Services 43,340 XCD
Behavior Specialist Science and Technical Services 40,640 XCD
Biochemist Science and Technical Services 65,940 XCD
Biofuels Processing Technician Science and Technical Services 25,720 XCD
Biofuels Production Manager Science and Technical Services 49,300 XCD
Biologist Science and Technical Services 70,940 XCD
Biomedical Laboratory Officer Science and Technical Services 25,940 XCD
Biomedical Scientist Science and Technical Services 69,240 XCD
Biophysicist Science and Technical Services 66,180 XCD
Chemical Engineer Science and Technical Services 34,080 XCD
Chemical Technologist Science and Technical Services 29,320 XCD
Chemist Science and Technical Services 62,060 XCD
Chief Technologist Science and Technical Services 57,800 XCD
Climate Change Analyst Science and Technical Services 43,340 XCD
Clinical Laboratory Scientist Science and Technical Services 72,780 XCD
Computer Scientist Science and Technical Services 50,540 XCD
Conservation Scientist Science and Technical Services 52,880 XCD
Data Science Specialist Science and Technical Services 44,800 XCD
Data Scientist Science and Technical Services 55,140 XCD
DNA Analyst Science and Technical Services 65,080 XCD
Ecologist Science and Technical Services 50,580 XCD
Economic Development Specialist Science and Technical Services 50,560 XCD
Flavourist Science and Technical Services 21,560 XCD
Food Scientist Science and Technical Services 43,800 XCD
Forensic Scientist Science and Technical Services 55,140 XCD
Formulation Technologist Science and Technical Services 29,040 XCD
Fraud Investigator Science and Technical Services 31,380 XCD
Genomics Scientist Science and Technical Services 67,360 XCD
Geographer Science and Technical Services 39,640 XCD
Geographic Information Systems Technician Science and Technical Services 24,840 XCD
Geological Data Technician Science and Technical Services 20,760 XCD
Geological Technician Science and Technical Services 30,800 XCD
Geologist Science and Technical Services 56,460 XCD
Geomatics Scientist Science and Technical Services 52,380 XCD
Geophysical Data Technician Science and Technical Services 21,020 XCD
Geospatial Information Scientist and Technologist Science and Technical Services 49,700 XCD
Global Technical Lead Science and Technical Services 75,040 XCD
Hydrologist Science and Technical Services 45,620 XCD
Industrial Ecologist Science and Technical Services 47,180 XCD
Intelligence Analyst Science and Technical Services 39,800 XCD
Knowledge Management Specialist Science and Technical Services 30,700 XCD
Lab Analyst Science and Technical Services 26,860 XCD
Lab Manager Science and Technical Services 43,800 XCD
Lab Technician Science and Technical Services 21,020 XCD
Laboratory Manager Science and Technical Services 48,740 XCD
Laboratory Researcher Science and Technical Services 32,020 XCD
Laboratory Technician Science and Technical Services 20,500 XCD
Life Sciences Analyst Science and Technical Services 47,580 XCD
Life Scientist Science and Technical Services 51,800 XCD
Marine Architect Science and Technical Services 42,040 XCD
Marine Biologist Science and Technical Services 45,720 XCD
Marine Superintendent Science and Technical Services 30,840 XCD
Materials Analyst Science and Technical Services 31,400 XCD
Materials Scientist Science and Technical Services 52,380 XCD
Mathematician Science and Technical Services 51,800 XCD
Medical Scientist Science and Technical Services 74,620 XCD
Metallurgist Science and Technical Services 45,720 XCD
Meteorologist Science and Technical Services 50,080 XCD
Microbiologist Science and Technical Services 67,320 XCD
Natural Language Processing Researcher Science and Technical Services 42,960 XCD
Natural Resource Specialist Science and Technical Services 40,140 XCD
Natural Resources Analyst Science and Technical Services 43,080 XCD
Natural Sciences Manager Science and Technical Services 64,560 XCD
Nuclear Engineer Science and Technical Services 73,100 XCD
Physical Scientist Science and Technical Services 59,380 XCD
Physicist Science and Technical Services 64,560 XCD
Political Scientist Science and Technical Services 51,400 XCD
Polygraph Examiner Science and Technical Services 19,360 XCD
Polysomnographic Technologist Science and Technical Services 30,220 XCD
Product Development Scientist Science and Technical Services 58,440 XCD
Quantitative Research Analyst Science and Technical Services 44,540 XCD
Quantitative Researcher Science and Technical Services 46,980 XCD
Radiation Protection Specialist Science and Technical Services 36,160 XCD
Refrigeration Technician Science and Technical Services 15,580 XCD
Research Scientist Science and Technical Services 50,980 XCD
Risk Safety Engineer Science and Technical Services 32,620 XCD
Scientific Photographer Science and Technical Services 29,640 XCD
Scientific Programmer Science and Technical Services 41,660 XCD
Scientist Science and Technical Services 48,560 XCD
Service Engineer Science and Technical Services 29,600 XCD
Service Technician Science and Technical Services 21,640 XCD
Social Science Research Assistant Science and Technical Services 30,800 XCD
Social Scientist Science and Technical Services 51,400 XCD
Sociologist Science and Technical Services 50,560 XCD
Soil Scientist Science and Technical Services 42,400 XCD
Statistical Assistant Science and Technical Services 21,560 XCD
Statistician Science and Technical Services 45,580 XCD
Survey Analyst Science and Technical Services 31,400 XCD
Survey Researcher Science and Technical Services 26,780 XCD
Surveying and Mapping Technician Science and Technical Services 18,900 XCD
Team Leader Science and Technical Services 42,460 XCD
Technical Manager Science and Technical Services 46,280 XCD
Technical Officer Science and Technical Services 21,400 XCD
Technical Service Director Science and Technical Services 60,600 XCD
Technical Services Regulatory Affairs Specialist Science and Technical Services 29,320 XCD
Technical Services Research and Development Manager Science and Technical Services 69,180 XCD
Technical Services Research Associate Science and Technical Services 31,520 XCD
Technical Services Research Coordinator Science and Technical Services 34,240 XCD
Technician Science and Technical Services 20,120 XCD
Water Ecologist Science and Technical Services 57,320 XCD
Wildlife Biologist Science and Technical Services 43,800 XCD

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