Average Treasury Officer Salary in Cayman Islands for 2024

In this article, we will look at the average Treasury Officer 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 Treasury Officer Make in Cayman Islands?

A Treasury Officer working in Cayman Islands will typically earn around 39,100 KYD per year, and this can range from the lowest average salary of about 19,300 KYD to the highest average salary of 63,200 KYD.

Average Annual Salary
39,100 KYD
Average Monthly Salary
3,258 KYD

Lowest Annual Salary
19,300 KYD
Lowest Monthly Salary
1,608 KYD

Highest Annual Salary
63,200 KYD
Highest Monthly Salary
5,266 KYD

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

Treasury 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 Treasury Officer Salaries in Cayman Islands

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

Salary ranges

We already know that a Treasury Officer can earn between 19,300 KYD and 63,200 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 Treasury Officer in Cayman Islands is 43,200 KYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 43,200 KYD, and 50% of the population earn more than 43,200 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 Treasury Officer salary in Cayman Islands, 25% of the population are earning less than 27,300 KYD while 75% of the population earn more than 27,300 KYD.

75% of the population earn less than 54,200 KYD, and 25% of the population earn more than 54,200 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.

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.

Treasury Officer 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 treasury 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 Treasury Officer in Cayman Islands that has less than two years of experience can expect to earn somewhere in the region of 22,000 KYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Treasury Officer salary would increase to 26,500 KYD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Treasury Officer, the average salary would be 38,000 KYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 46,900 KYD.
  • 15 - 20 Years Experience. A Treasury Officer with 15 to 20 years of experience can earn an average of 53,300 KYD.
  • 20+ Years Experience. For a Treasury Officer with more than 20 years, the expected average salary increases to 58,600 KYD.

Average Salary by Experience Chart

0-2 Years
22,000 KYD
2-5 Years +34%
26,500 KYD
5-10 Years +48%
38,000 KYD
10-15 Years +22%
46,900 KYD
15-20 Years +9%
53,300 KYD
20+ Years +8%
58,600 KYD

Treasury Officer 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 Treasury Officer 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 Treasury Officer in Cayman Islands with a high school education can earn an average salary of 22,800 KYD.

  • Certificate or Diploma. A Treasury Officer in Cayman Islands with a certificate or diploma education can earn an average salary of 35,600 KYD.

  • Bachelor's Degree. A Treasury Officer in Cayman Islands with a bachelor's degree education can earn an average salary of 61,300 KYD.

Average Salary by Education Chart

High School
22,800 KYD
Certificate or Diploma +57%
35,600 KYD
Bachelor's Degree +68%
61,300 KYD

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 Cayman Islands is around 16,200 to 48,600 KYD 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.

Treasury 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 Cayman Islands, a male treasury officer will earn an average of 40,300 KYD, while a female treasury officer will earn around 37,200 KYD.

This means that a male treasury officer earns approximately 8% more than a female treasury officer for performing the same job.

Average Salary by Gender Chart in Cayman Islands

Male
40,300 KYD
Female -8%
37,200 KYD

Treasury Officer 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 Treasury Officer in Cayman Islands is around 8% 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 = ( 8 ÷ 28 ) × 12  = 3%

What this means is that a Treasury Officer in Cayman Islands can expect to receive an average pay raise of around 3% 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.

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Treasury Officer 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 Treasury Officer is a low bonus based job, with 41% of employees reporting at least one bonus in the last 12 months.

59% 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 2% to 7%.

Received Bonus
41%
No Bonus
59%

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

Public Sector
43,500 KYD
Private Sector -17%
37,200 KYD

Salaries for Jobs Similar to a Treasury Officer

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

Job Title Category Salary
Account Manager Sales Retail and Wholesale 42,500 KYD
Account Officer Sales Retail and Wholesale 25,300 KYD
Area Manager Sales Retail and Wholesale 48,600 KYD
Area Sales Director Sales Retail and Wholesale 80,300 KYD
Area Sales Manager Sales Retail and Wholesale 62,300 KYD
Assisstant Store Supervisor Sales Retail and Wholesale 26,600 KYD
Assistant Department Manager Sales Retail and Wholesale 30,800 KYD
Assistant Retail Store Manager Sales Retail and Wholesale 36,800 KYD
Branch Manager Sales Retail and Wholesale 45,800 KYD
Branch Supervisor Sales Retail and Wholesale 38,700 KYD
Cashier Sales Retail and Wholesale 12,900 KYD
Cashier Manager Sales Retail and Wholesale 35,300 KYD
Commercial Sales Manager Sales Retail and Wholesale 61,800 KYD
Corporate Sales Manager Sales Retail and Wholesale 55,300 KYD
Depot Manager Sales Retail and Wholesale 43,100 KYD
Depot Supervisor Sales Retail and Wholesale 40,500 KYD
Deputy Sales Manager Sales Retail and Wholesale 45,700 KYD
Director of Sales Sales Retail and Wholesale 71,400 KYD
Distribution Director Sales Retail and Wholesale 52,000 KYD
District Leader Sales Retail and Wholesale 39,800 KYD
District Manager Sales Retail and Wholesale 48,200 KYD
District Sales Manager Sales Retail and Wholesale 50,300 KYD
External Sales Account Manager Sales Retail and Wholesale 45,000 KYD
Field Sales Representative Sales Retail and Wholesale 30,300 KYD
Furniture Sales Associate Sales Retail and Wholesale 20,700 KYD
Global Wholesale Manager Sales Retail and Wholesale 80,500 KYD
Head Cashier Sales Retail and Wholesale 27,700 KYD
Head of Direct Sales Sales Retail and Wholesale 60,000 KYD
Head of Retail Sales Retail and Wholesale 53,800 KYD
Head Teller Sales Retail and Wholesale 29,100 KYD
Inside Sales Sales Retail and Wholesale 22,000 KYD
Inside Sales Account Manager Sales Retail and Wholesale 35,200 KYD
Inside Sales Engineer Sales Retail and Wholesale 27,700 KYD
Inside Sales Executive Sales Retail and Wholesale 41,700 KYD
Inside Sales Representative Sales Retail and Wholesale 27,300 KYD
Internal Sales Manager Sales Retail and Wholesale 43,100 KYD
Inventory Manager Sales Retail and Wholesale 44,500 KYD
Key Account Manager Sales Retail and Wholesale 45,700 KYD
Medical Device Sales Sales Retail and Wholesale 33,300 KYD
Medical Device Sales Representative Sales Retail and Wholesale 36,800 KYD
Merchandiser Sales Retail and Wholesale 29,100 KYD
National Account Manager Sales Retail and Wholesale 63,100 KYD
National Customer Solution Specialist Sales Retail and Wholesale 49,300 KYD
National Sales Manager Sales Retail and Wholesale 78,500 KYD
Outside Sales Representative Sales Retail and Wholesale 28,900 KYD
Parts Salesperson Sales Retail and Wholesale 24,800 KYD
Project Development Manager Sales Retail and Wholesale 52,300 KYD
Project Manager Sales Retail and Wholesale 50,300 KYD
Project Sales Executive Sales Retail and Wholesale 50,700 KYD
Purchasing and Sales Executive Sales Retail and Wholesale 72,400 KYD
Quotation Engineer Sales Retail and Wholesale 27,400 KYD
Regional Sales Director Sales Retail and Wholesale 78,500 KYD
Regional Sales Manager Sales Retail and Wholesale 79,500 KYD
Relationship Manager Sales Retail and Wholesale 54,600 KYD
Retail Merchandiser Sales Retail and Wholesale 16,300 KYD
Retail Operations Manager Sales Retail and Wholesale 46,700 KYD
Retail Sales Associate Sales Retail and Wholesale 33,300 KYD
Retail Sales Representative Sales Retail and Wholesale 29,300 KYD
Retail Salesperson Sales Retail and Wholesale 22,400 KYD
Retail Store Manager Sales Retail and Wholesale 48,600 KYD
Retail Store Sales Person Sales Retail and Wholesale 23,600 KYD
Revenue Manager Sales Retail and Wholesale 43,100 KYD
Sales Account Manager Sales Retail and Wholesale 52,800 KYD
Sales Admin Executive Sales Retail and Wholesale 59,800 KYD
Sales Administration Manager Sales Retail and Wholesale 60,000 KYD
Sales Analyst Sales Retail and Wholesale 45,600 KYD
Sales Assistant Sales Retail and Wholesale 17,800 KYD
Sales Associate Sales Retail and Wholesale 24,800 KYD
Sales Consultant Sales Retail and Wholesale 33,300 KYD
Sales Coordinator Sales Retail and Wholesale 27,800 KYD
Sales Development Representative Sales Retail and Wholesale 29,100 KYD
Sales Director Sales Retail and Wholesale 77,000 KYD
Sales Engineer Sales Retail and Wholesale 26,200 KYD
Sales Executive Sales Retail and Wholesale 50,700 KYD
Sales Manager Sales Retail and Wholesale 69,400 KYD
Sales Officer Sales Retail and Wholesale 23,600 KYD
Sales Planner Sales Retail and Wholesale 41,300 KYD
Sales Planning Analyst Sales Retail and Wholesale 43,500 KYD
Sales Representative Sales Retail and Wholesale 22,400 KYD
Sales Service Associate Sales Retail and Wholesale 22,000 KYD
Sales Specialist Sales Retail and Wholesale 37,800 KYD
Sales Supervisor Sales Retail and Wholesale 38,000 KYD
Sales Support Sales Retail and Wholesale 19,300 KYD
Sales Support Manager Sales Retail and Wholesale 40,900 KYD
Sales Team Leader Sales Retail and Wholesale 42,700 KYD
Sales Trainer Sales Retail and Wholesale 47,800 KYD
Securities Sales Agent Sales Retail and Wholesale 43,800 KYD
Shipper / Receiver Sales Retail and Wholesale 19,100 KYD
Shop Manager Sales Retail and Wholesale 45,700 KYD
Store Development Administrator Sales Retail and Wholesale 29,100 KYD
Store Manager Sales Retail and Wholesale 49,200 KYD
Territory Sales Manager Sales Retail and Wholesale 62,300 KYD
Territory Sales Representative Sales Retail and Wholesale 36,800 KYD
Trade Marketing Officer Sales Retail and Wholesale 45,200 KYD
Vice President Sales Sales Retail and Wholesale 64,100 KYD
Visual Merchandiser Sales Retail and Wholesale 22,200 KYD

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