Average Strategy Director Salary in Cayman Islands for 2024

In this article, we will look at the average Strategy Director salary for 2024 in Cayman Islands 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 Cayman Islands dollar. To keep things simple, we are using the KYD currency code instead of the currency symbol $.

How Much Does a Strategy Director Make in Cayman Islands?

A Strategy Director working in Cayman Islands will typically earn around 64,500 KYD per year, and this can range from the lowest average salary of about 31,400 KYD to the highest average salary of 100,300 KYD.

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

Strategy 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 Strategy Director Salaries in Cayman Islands

So we've looked at the average salaries a Strategy Director will earn in Cayman Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Strategy Director can earn between 31,400 KYD and 100,300 KYD on average in Cayman Islands. 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 Strategy Director in Cayman Islands is 64,500 KYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 64,500 KYD, and 50% of the population earn more than 64,500 KYD.

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 Strategy Director salary in Cayman Islands, 25% of the population are earning less than 45,000 KYD while 75% of the population earn more than 45,000 KYD.

75% of the population earn less than 82,300 KYD, and 25% of the population earn more than 82,300 KYD.

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.

Strategy Director Salary by Experience Level in Cayman Islands

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 strategy 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 Strategy Director in Cayman Islands that has less than two years of experience can expect to earn somewhere in the region of 39,100 KYD.
• 2 - 5 Years Experience. With two to five years of experience the average Strategy Director salary would increase to 52,300 KYD.
• 5 - 10 Years Experience. From five to ten years of experience as a Strategy Director, the average salary would be 66,200 KYD.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 80,000 KYD.
• 15 - 20 Years Experience. A Strategy Director with 15 to 20 years of experience can earn an average of 88,600 KYD.
• 20+ Years Experience. For a Strategy Director with more than 20 years, the expected average salary increases to 93,800 KYD.

Average Salary by Experience Chart

Strategy Director Salary by Education Level in Cayman Islands

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 Strategy Director in Cayman Islands 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 Strategy Director in Cayman Islands with a high school education can earn an average salary of 47,400 KYD.

• Certificate or Diploma. A Strategy Director in Cayman Islands with a certificate or diploma education can earn an average salary of 55,100 KYD.

• Bachelor's Degree. A Strategy Director in Cayman Islands with a bachelor's degree education can earn an average salary of 72,400 KYD.

• Master's Degree. A Strategy Director in Cayman Islands with a master's degree education can earn an average salary of 93,800 KYD.

Average Salary by Education Chart

Strategy 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 Cayman Islands, a male strategy director will earn an average of 65,100 KYD, while a female strategy director will earn around 63,200 KYD.

This means that a male strategy director earns approximately 3% more than a female strategy director for performing the same job.

Average Salary by Gender Chart in Cayman Islands

Strategy Director Average Pay Raise in Cayman Islands

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 Strategy Director in Cayman Islands is around 11% every 28 months.

The national average pay raise across all professions and industries in Cayman Islands 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 = ( 11 ÷ 28 ) × 12  = 5%

What this means is that a Strategy Director in Cayman Islands can expect to receive an average pay raise of around 5% every 12 months.

Annual Pay Raise by Industry in Cayman Islands for 2024

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

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

Strategy Director Bonus and Incentive Rates in Cayman Islands

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 Strategy Director is a moderate bonus based job, with 64% of employees reporting at least one bonus in the last 12 months.

36% 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 5% 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 Cayman Islands earn approximately 17% more than private sector employees in the same role.

Salaries for Jobs Similar to a Strategy Director

In the table below, we have salary information for jobs that are similar to a Strategy Director in Cayman Islands.

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!