Average Stress Engineer Salary in Montserrat for 2024

In this article, we will look at the average Stress Engineer 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 Stress Engineer Make in Montserrat?

A Stress Engineer working in Montserrat will typically earn around 26,780 XCD per year, and this can range from the lowest average salary of about 12,580 XCD to the highest average salary of 42,320 XCD.

Average Annual Salary
26,780 XCD
Average Monthly Salary
2,231 XCD

Lowest Annual Salary
12,580 XCD
Lowest Monthly Salary
1,048 XCD

Highest Annual Salary
42,320 XCD
Highest Monthly Salary
3,526 XCD

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

Stress Engineer 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 Stress Engineer Salaries in Montserrat

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

Salary ranges

We already know that a Stress Engineer can earn between 12,580 XCD and 42,320 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 Stress Engineer in Montserrat is 27,020 XCD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 27,020 XCD, and 50% of the population earn more than 27,020 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 Stress Engineer salary in Montserrat, 25% of the population are earning less than 18,780 XCD while 75% of the population earn more than 18,780 XCD.

75% of the population earn less than 29,600 XCD, and 25% of the population earn more than 29,600 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.

Stress Engineer 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 stress engineer 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 Stress Engineer in Montserrat that has less than two years of experience can expect to earn somewhere in the region of 17,540 XCD.
  • 2 - 5 Years Experience. With two to five years of experience the average Stress Engineer salary would increase to 19,160 XCD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Stress Engineer, the average salary would be 26,860 XCD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 34,160 XCD.
  • 15 - 20 Years Experience. A Stress Engineer with 15 to 20 years of experience can earn an average of 36,020 XCD.
  • 20+ Years Experience. For a Stress Engineer with more than 20 years, the expected average salary increases to 39,960 XCD.

Average Salary by Experience Chart

0-2 Years
17,540 XCD
2-5 Years +23%
19,160 XCD
5-10 Years +42%
26,860 XCD
10-15 Years +17%
34,160 XCD
15-20 Years +10%
36,020 XCD
20+ Years +6%
39,960 XCD

Stress Engineer 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 Stress Engineer 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 Stress Engineer in Montserrat with a bachelor's degree education can earn an average salary of 20,300 XCD.

  • Master's Degree. A Stress Engineer in Montserrat with a master's degree education can earn an average salary of 34,380 XCD.

Average Salary by Education Chart

Bachelor's Degree
20,300 XCD
Master's Degree +93%
34,380 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.

Stress Engineer 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 stress engineer will earn an average of 28,720 XCD, while a female stress engineer will earn around 25,940 XCD.

This means that a male stress engineer earns approximately 11% more than a female stress engineer for performing the same job.

Average Salary by Gender Chart in Montserrat

Male
28,720 XCD
Female -11%
25,940 XCD

Stress Engineer 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 Stress Engineer in Montserrat is around 6% 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 = ( 6 ÷ 29 ) × 12  = 2%

What this means is that a Stress Engineer in Montserrat can expect to receive an average pay raise of around 2% 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%

Stress Engineer 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 Stress Engineer is a low bonus based job, with 9% of employees reporting at least one bonus in the last 12 months.

91% 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 1% to 3%.

Received Bonus
9%
No Bonus
91%

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 Stress Engineer

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

Job Title Category Salary
Acoustics Engineer Engineering 27,620 XCD
Assembly Engineering Technician Engineering 22,420 XCD
Assistant Chief Engineer Engineering 31,960 XCD
Associate Engineer Engineering 26,500 XCD
AutoCAD Drafter Engineering 17,560 XCD
Autocad Operator Engineering 20,300 XCD
Automation Engineer Engineering 27,560 XCD
Automation Engineer Engineering 31,400 XCD
Avionic System Support Engineer Engineering 29,540 XCD
Biochemical Engineer Engineering 28,660 XCD
BMS Engineer Engineering 24,860 XCD
Bridge and Lock Tender Engineering 14,820 XCD
Broadcast Engineer Engineering 27,620 XCD
CAD Design Engineer Engineering 28,860 XCD
CAD Designer Engineering 17,740 XCD
CAE Engineer Engineering 27,020 XCD
Ceramics Engineer Engineering 26,500 XCD
Chemical Engineer Engineering 30,800 XCD
Civil Drafter Engineering 19,200 XCD
Civil Engineer Engineering 28,900 XCD
Civil Site Engineer Engineering 30,220 XCD
Civil Technician Engineering 17,560 XCD
Commissioning Engineer Engineering 30,840 XCD
Communications Engineer Engineering 33,120 XCD
Condition Monitoring Engineer Engineering 23,260 XCD
Contract Associate Engineer Engineering 26,860 XCD
Contract Engineer Engineering 26,500 XCD
Control Systems Engineer Engineering 30,800 XCD
Controls Engineer Engineering 27,620 XCD
Controls Software Engineer Engineering 23,360 XCD
Corrosion Engineer Engineering 29,040 XCD
Design Engineer Engineering 28,680 XCD
Director of Engineering Engineering 58,200 XCD
Drafter Engineering 19,200 XCD
Drafting Manager Engineering 33,980 XCD
Drilling Engineer Engineering 26,780 XCD
Drilling Foreman Engineering 7,240 XCD
Electrical Draughtsman Engineering 14,840 XCD
Electrical Engineer Engineering 32,200 XCD
Electrical Engineering Manager Engineering 40,560 XCD
Electromechanical Engineering Technologist Engineering 29,160 XCD
Electromechanical Equipment Assembler Engineering 14,140 XCD
Energy Engineer Engineering 27,560 XCD
Engine Assembler Engineering 14,620 XCD
Engineer Engineering 31,660 XCD
Engineering Account Manager Engineering 35,300 XCD
Engineering Chief Designer Engineering 35,500 XCD
Engineering Consultant Engineering 38,620 XCD
Engineering Key Account Manager Engineering 40,600 XCD
Engineering Lab Technician Engineering 28,720 XCD
Engineering Manager Engineering 39,560 XCD
Engineering Planning Manager Engineering 41,660 XCD
Engineering Production Manager Engineering 49,820 XCD
Engineering Project Analyst Engineering 33,960 XCD
Engineering Project Coordinator Engineering 33,120 XCD
Engineering Project Director Engineering 59,940 XCD
Engineering Project Leader Engineering 36,700 XCD
Engineering Project Manager Engineering 41,900 XCD
Engineering Research and Development Manager Engineering 46,040 XCD
Engineering Safety Coordinator Engineering 21,980 XCD
Engineering Sales Manager Engineering 42,040 XCD
Engineering Technician Engineering 21,980 XCD
Engineering Technologist Engineering 23,400 XCD
Environmental Engineer Engineering 30,800 XCD
Equipment Engineer Engineering 24,720 XCD
Equipment Engineering Manager Engineering 40,420 XCD
Estimator Engineering 22,340 XCD
Fabrication Specialist Engineering 19,060 XCD
Fabricator Engineering 13,700 XCD
Facade Engineer Engineering 29,540 XCD
Fiber Analyst Engineering 14,140 XCD
Field Engineer Engineering 27,560 XCD
Field Engineering Manager Engineering 50,080 XCD
Fire Engineer Engineering 28,720 XCD
Fitter and Turner Engineering 10,380 XCD
Forestry Strategic Planner Engineering 33,980 XCD
Generation Engineer Engineering 28,720 XCD
Genetic Engineer Engineering 31,520 XCD
Geological Engineer Engineering 31,660 XCD
Geotechnical Engineer Engineering 31,540 XCD
Heavy Equipment Mechanic Engineering 15,580 XCD
Highway Engineer Engineering 30,840 XCD
HSE Professional Engineering 27,620 XCD
HVAC Engineer Engineering 27,480 XCD
HVAC Supervisor Engineering 24,720 XCD
Industrial Engineer Engineering 27,620 XCD
Industrial Engineering Technologist Engineering 29,840 XCD
Instrument Engineer Engineering 26,860 XCD
Instrument Technician Engineering 17,620 XCD
Instrumentation and Control Engineer Engineering 29,540 XCD
Instrumentation Designer Engineering 25,940 XCD
Instrumentation Engineer Engineering 30,840 XCD
Instrumentation Manager Engineering 28,180 XCD
Irrigation Engineer Engineering 27,480 XCD
Licensed Aircraft Engineer Engineering 32,960 XCD
Locomotive Engineer Engineering 29,840 XCD
Maintenance Engineer Engineering 25,660 XCD
Maintenance Fitter Engineering 7,820 XCD
Maintenance Manager Engineering 29,540 XCD
Manufacturing Engineer Engineering 28,900 XCD
Marine Engineer Engineering 29,840 XCD
Materials Engineer Engineering 27,020 XCD
Materials Researcher Engineering 25,720 XCD
Materials Technician Engineering 21,100 XCD
Mechanical and Electrical Engineer Engineering 34,080 XCD
Mechanical Design Engineer Engineering 31,340 XCD
Mechanical Designer Engineering 25,220 XCD
Mechanical Engineer Engineering 28,860 XCD
Mechanical Engineering Manager Engineering 40,040 XCD
Mechanical Inspector Engineering 28,900 XCD
Mechatronics Engineer Engineering 32,020 XCD
Mining Engineer Engineering 26,280 XCD
Oil and Petrochemical Engineer Engineering 31,960 XCD
Optical Engineer Engineering 28,720 XCD
Optical Instrument Assembler Engineering 12,620 XCD
PCB Assembler Engineering 11,300 XCD
Photonics Engineer Engineering 31,400 XCD
Photonics Technician Engineering 27,040 XCD
Pipeline Engineer Engineering 25,160 XCD
Piping Designer Engineering 16,400 XCD
Piping Engineer Engineering 24,720 XCD
Planning Engineer Engineering 26,280 XCD
Pressure Vessel Inspector Engineering 14,540 XCD
Principal Cost Engineer Engineering 26,400 XCD
Principal Engineer Engineering 27,480 XCD
Principal Support Engineer Engineering 31,400 XCD
Process Engineer Engineering 28,820 XCD
Process Operator Engineering 16,340 XCD
Product Development Engineer Engineering 28,860 XCD
Product Development Technician Engineering 19,160 XCD
Product Engineer Engineering 29,600 XCD
Product Safety Engineer Engineering 26,860 XCD
Production Engineer Engineering 26,100 XCD
Project Engineer Engineering 30,700 XCD
Proposal Manager Engineering 36,700 XCD
Purchasing Engineer Engineering 25,720 XCD
Quality Assurance Engineer Engineering 30,800 XCD
Rail Engineer Engineering 28,720 XCD
Regional Field Engineer Engineering 28,680 XCD
Robotics Engineer Engineering 31,520 XCD
Robotics Technician Engineering 21,980 XCD
Safety Engineer Engineering 27,480 XCD
Safety Inspector Engineering 22,660 XCD
Safety Manager Engineering 35,560 XCD
Safety Officer Engineering 17,020 XCD
Sales Engineer Engineering 29,640 XCD
Scheduling Engineer Engineering 24,860 XCD
Service Engineer Engineering 30,220 XCD
Solar Engineer Engineering 29,600 XCD
Staff Engineer Engineering 29,540 XCD
Static Equipment Engineer Engineering 26,780 XCD
Stationary Engineer Engineering 27,380 XCD
Structural Analysis Engineer Engineering 26,780 XCD
Structural Designer Engineering 27,040 XCD
Structural Engineer Engineering 26,280 XCD
Structural Technician Engineering 18,900 XCD
Supply Chain Specialist Engineering 28,720 XCD
Surveyor Engineering 21,400 XCD
Technical Affairs Officer Engineering 14,920 XCD
Technical Assistant Engineering 13,100 XCD
Technical Engineer Engineering 27,380 XCD
Technical Support Engineer Engineering 23,260 XCD
Tender Engineer Engineering 27,040 XCD
Test Development Engineer Engineering 28,820 XCD
Test Engineer Engineering 28,660 XCD
Transportation Engineer Engineering 26,080 XCD
Validation Engineer Engineering 27,020 XCD
Verification Engineer Engineering 25,720 XCD
Wastewater Engineer Engineering 29,540 XCD
Wind Energy Engineer Engineering 27,480 XCD
Wind Energy Operations Manager Engineering 39,560 XCD
Work Planner Engineering 19,380 XCD

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