Average Territory Sales Representative Salary in Bermuda for 2024

In this article, we will look at the average Territory Sales Representative 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 Territory Sales Representative Make in Bermuda?

A Territory Sales Representative working in Bermuda will typically earn around 19,200 BMD per year, and this can range from the lowest average salary of about 8,560 BMD to the highest average salary of 28,180 BMD.

Average Annual Salary
19,200 BMD
Average Monthly Salary
1,600 BMD

Lowest Annual Salary
8,560 BMD
Lowest Monthly Salary
713 BMD

Highest Annual Salary
28,180 BMD
Highest Monthly Salary
2,348 BMD

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

Territory Sales Representative 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 Territory Sales Representative Salaries in Bermuda

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

Salary ranges

We already know that a Territory Sales Representative can earn between 8,560 BMD and 28,180 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 Territory Sales Representative in Bermuda is 18,780 BMD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 18,780 BMD, and 50% of the population earn more than 18,780 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 Territory Sales Representative salary in Bermuda, 25% of the population are earning less than 12,200 BMD while 75% of the population earn more than 12,200 BMD.

75% of the population earn less than 19,980 BMD, and 25% of the population earn more than 19,980 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.

Territory Sales Representative 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 territory sales representative 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 Territory Sales Representative in Bermuda that has less than two years of experience can expect to earn somewhere in the region of 8,880 BMD.
  • 2 - 5 Years Experience. With two to five years of experience the average Territory Sales Representative salary would increase to 12,580 BMD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Territory Sales Representative, the average salary would be 20,300 BMD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 22,540 BMD.
  • 15 - 20 Years Experience. A Territory Sales Representative with 15 to 20 years of experience can earn an average of 23,080 BMD.
  • 20+ Years Experience. For a Territory Sales Representative with more than 20 years, the expected average salary increases to 24,200 BMD.

Average Salary by Experience Chart

0-2 Years
8,880 BMD
2-5 Years +34%
12,580 BMD
5-10 Years +30%
20,300 BMD
10-15 Years +21%
22,540 BMD
15-20 Years +9%
23,080 BMD
20+ Years +5%
24,200 BMD

Territory Sales Representative 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 Territory Sales Representative 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 Territory Sales Representative in Bermuda with a high school education can earn an average salary of 13,700 BMD.

  • Certificate or Diploma. A Territory Sales Representative in Bermuda with a certificate or diploma education can earn an average salary of 19,220 BMD.

  • Bachelor's Degree. A Territory Sales Representative in Bermuda with a bachelor's degree education can earn an average salary of 23,360 BMD.

Average Salary by Education Chart

High School
13,700 BMD
Certificate or Diploma +43%
19,220 BMD
Bachelor's Degree +38%
23,360 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.

Territory Sales Representative 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 territory sales representative will earn an average of 18,900 BMD, while a female territory sales representative will earn around 18,780 BMD.

This means that a male territory sales representative earns approximately 1% more than a female territory sales representative for performing the same job.

Average Salary by Gender Chart in Bermuda

Male
18,900 BMD
Female -1%
18,780 BMD

Territory Sales Representative 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 Territory Sales Representative in Bermuda is around 8% every 28 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 = ( 8 ÷ 28 ) × 12  = 3%

What this means is that a Territory Sales Representative in Bermuda can expect to receive an average pay raise of around 3% 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%

Territory Sales Representative 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 Territory Sales Representative is a moderate bonus based job, with 60% of employees reporting at least one bonus in the last 12 months.

40% 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 6% to 8%.

Received Bonus
60%
No Bonus
40%

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 Territory Sales Representative

In the table below, we have salary information for jobs that are similar to a Territory Sales Representative in Bermuda.

Job Title Category Salary
Account Manager Sales Retail and Wholesale 23,400 BMD
Account Officer Sales Retail and Wholesale 10,980 BMD
Area Manager Sales Retail and Wholesale 25,940 BMD
Area Sales Director Sales Retail and Wholesale 41,700 BMD
Area Sales Manager Sales Retail and Wholesale 32,620 BMD
Assisstant Store Supervisor Sales Retail and Wholesale 13,540 BMD
Assistant Department Manager Sales Retail and Wholesale 15,760 BMD
Assistant Retail Store Manager Sales Retail and Wholesale 16,340 BMD
Branch Manager Sales Retail and Wholesale 23,480 BMD
Branch Supervisor Sales Retail and Wholesale 20,940 BMD
Cashier Sales Retail and Wholesale 7,620 BMD
Cashier Manager Sales Retail and Wholesale 17,560 BMD
Commercial Sales Manager Sales Retail and Wholesale 31,520 BMD
Corporate Sales Manager Sales Retail and Wholesale 27,620 BMD
Depot Manager Sales Retail and Wholesale 22,420 BMD
Depot Supervisor Sales Retail and Wholesale 21,020 BMD
Deputy Sales Manager Sales Retail and Wholesale 19,940 BMD
Director of Sales Sales Retail and Wholesale 38,140 BMD
Distribution Director Sales Retail and Wholesale 25,440 BMD
District Leader Sales Retail and Wholesale 19,860 BMD
District Manager Sales Retail and Wholesale 22,660 BMD
District Sales Manager Sales Retail and Wholesale 24,800 BMD
External Sales Account Manager Sales Retail and Wholesale 24,280 BMD
Field Sales Representative Sales Retail and Wholesale 15,880 BMD
Furniture Sales Associate Sales Retail and Wholesale 12,840 BMD
Global Wholesale Manager Sales Retail and Wholesale 41,900 BMD
Head Cashier Sales Retail and Wholesale 13,100 BMD
Head of Direct Sales Sales Retail and Wholesale 27,560 BMD
Head of Retail Sales Retail and Wholesale 29,540 BMD
Head Teller Sales Retail and Wholesale 17,260 BMD
Inside Sales Sales Retail and Wholesale 13,060 BMD
Inside Sales Account Manager Sales Retail and Wholesale 18,940 BMD
Inside Sales Engineer Sales Retail and Wholesale 14,540 BMD
Inside Sales Executive Sales Retail and Wholesale 19,380 BMD
Inside Sales Representative Sales Retail and Wholesale 12,000 BMD
Internal Sales Manager Sales Retail and Wholesale 22,420 BMD
Inventory Manager Sales Retail and Wholesale 21,560 BMD
Key Account Manager Sales Retail and Wholesale 23,520 BMD
Medical Device Sales Sales Retail and Wholesale 17,760 BMD
Medical Device Sales Representative Sales Retail and Wholesale 16,340 BMD
Merchandiser Sales Retail and Wholesale 13,100 BMD
National Account Manager Sales Retail and Wholesale 31,340 BMD
National Customer Solution Specialist Sales Retail and Wholesale 25,680 BMD
National Sales Manager Sales Retail and Wholesale 41,700 BMD
Outside Sales Representative Sales Retail and Wholesale 15,760 BMD
Parts Salesperson Sales Retail and Wholesale 11,360 BMD
Project Development Manager Sales Retail and Wholesale 26,020 BMD
Project Manager Sales Retail and Wholesale 23,480 BMD
Project Sales Executive Sales Retail and Wholesale 22,400 BMD
Purchasing and Sales Executive Sales Retail and Wholesale 34,540 BMD
Quotation Engineer Sales Retail and Wholesale 13,540 BMD
Regional Sales Director Sales Retail and Wholesale 44,300 BMD
Regional Sales Manager Sales Retail and Wholesale 38,780 BMD
Relationship Manager Sales Retail and Wholesale 24,720 BMD
Retail Merchandiser Sales Retail and Wholesale 8,100 BMD
Retail Operations Manager Sales Retail and Wholesale 26,020 BMD
Retail Sales Associate Sales Retail and Wholesale 17,760 BMD
Retail Sales Representative Sales Retail and Wholesale 11,880 BMD
Retail Salesperson Sales Retail and Wholesale 11,040 BMD
Retail Store Manager Sales Retail and Wholesale 27,020 BMD
Retail Store Sales Person Sales Retail and Wholesale 12,620 BMD
Revenue Manager Sales Retail and Wholesale 22,420 BMD
Sales Account Manager Sales Retail and Wholesale 26,500 BMD
Sales Admin Executive Sales Retail and Wholesale 32,200 BMD
Sales Administration Manager Sales Retail and Wholesale 27,560 BMD
Sales Analyst Sales Retail and Wholesale 23,500 BMD
Sales Assistant Sales Retail and Wholesale 10,320 BMD
Sales Associate Sales Retail and Wholesale 13,060 BMD
Sales Consultant Sales Retail and Wholesale 19,220 BMD
Sales Coordinator Sales Retail and Wholesale 12,240 BMD
Sales Development Representative Sales Retail and Wholesale 17,620 BMD
Sales Director Sales Retail and Wholesale 36,720 BMD
Sales Engineer Sales Retail and Wholesale 14,540 BMD
Sales Executive Sales Retail and Wholesale 22,400 BMD
Sales Manager Sales Retail and Wholesale 35,340 BMD
Sales Officer Sales Retail and Wholesale 13,780 BMD
Sales Planner Sales Retail and Wholesale 21,020 BMD
Sales Planning Analyst Sales Retail and Wholesale 20,460 BMD
Sales Representative Sales Retail and Wholesale 12,200 BMD
Sales Service Associate Sales Retail and Wholesale 10,000 BMD
Sales Specialist Sales Retail and Wholesale 20,520 BMD
Sales Supervisor Sales Retail and Wholesale 18,940 BMD
Sales Support Sales Retail and Wholesale 8,100 BMD
Sales Support Manager Sales Retail and Wholesale 21,560 BMD
Sales Team Leader Sales Retail and Wholesale 21,640 BMD
Sales Trainer Sales Retail and Wholesale 19,940 BMD
Securities Sales Agent Sales Retail and Wholesale 23,400 BMD
Shipper / Receiver Sales Retail and Wholesale 10,380 BMD
Shop Manager Sales Retail and Wholesale 22,420 BMD
Store Development Administrator Sales Retail and Wholesale 14,140 BMD
Store Manager Sales Retail and Wholesale 23,700 BMD
Territory Sales Manager Sales Retail and Wholesale 32,620 BMD
Trade Marketing Officer Sales Retail and Wholesale 21,400 BMD
Treasury Officer Sales Retail and Wholesale 19,060 BMD
Vice President Sales Sales Retail and Wholesale 30,800 BMD
Visual Merchandiser Sales Retail and Wholesale 10,000 BMD

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