Average Supply Chain Director Salary in Bermuda for 2024
In this article, we will look at the average Supply Chain Director 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 Supply Chain Director Make in Bermuda?
A Supply Chain Director working in Bermuda will typically earn around 37,200 BMD per year, and this can range from the lowest average salary of about 15,700 BMD to the highest average salary of 55,020 BMD.
These are average salaries for a Supply Chain Director in Bermuda and include benefits such as housing and transport. It's also possible for a Supply Chain Director to earn more or less than the average salaries shown above.
Supply Chain 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 Supply Chain Director Salaries in Bermuda
So we've looked at the average salaries a Supply Chain Director will earn in Bermuda. The next interesting data point is the distribution of salaries.
Salary ranges
We already know that a Supply Chain Director can earn between 15,700 BMD and 55,020 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 Supply Chain Director in Bermuda is 37,620 BMD. This is the middle value in the distribution of salaries.
What this means is that approximately 50% of the population earn less than 37,620 BMD, and 50% of the population earn more than 37,620 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 Supply Chain Director salary in Bermuda, 25% of the population are earning less than 25,220 BMD while 75% of the population earn more than 25,220 BMD.
75% of the population earn less than 46,980 BMD, and 25% of the population earn more than 46,980 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.
Supply Chain Director 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 supply chain 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 Supply Chain Director in Bermuda that has less than two years of experience can expect to earn somewhere in the region of 20,940 BMD.
- 2 - 5 Years Experience. With two to five years of experience the average Supply Chain Director salary would increase to 25,720 BMD.
- 5 - 10 Years Experience. From five to ten years of experience as a Supply Chain Director, the average salary would be 38,180 BMD.
- 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 46,840 BMD.
- 15 - 20 Years Experience. A Supply Chain Director with 15 to 20 years of experience can earn an average of 46,880 BMD.
- 20+ Years Experience. For a Supply Chain Director with more than 20 years, the expected average salary increases to 53,120 BMD.
Average Salary by Experience Chart
0-2 Years |
20,940 BMD
|
|
2-5 Years | +29% |
25,720 BMD
|
5-10 Years | +38% |
38,180 BMD
|
10-15 Years | +24% |
46,840 BMD
|
15-20 Years | +7% |
46,880 BMD
|
20+ Years | +7% |
53,120 BMD
|
Supply Chain Director 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 Supply Chain Director in Bermuda based on the education level of the employees in order to find out whether a better education level would increase your salary.
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High School. A Supply Chain Director in Bermuda with a high school education can earn an average salary of 27,380 BMD.
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Certificate or Diploma. A Supply Chain Director in Bermuda with a certificate or diploma education can earn an average salary of 29,320 BMD.
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Bachelor's Degree. A Supply Chain Director in Bermuda with a bachelor's degree education can earn an average salary of 38,620 BMD.
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Master's Degree. A Supply Chain Director in Bermuda with a master's degree education can earn an average salary of 50,240 BMD.
Average Salary by Education Chart
High School |
27,380 BMD
|
|
Certificate or Diploma | +15% |
29,320 BMD
|
Bachelor's Degree | +35% |
38,620 BMD
|
Master's Degree | +26% |
50,240 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.
Supply Chain 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 Bermuda, a male supply chain director will earn an average of 38,260 BMD, while a female supply chain director will earn around 31,520 BMD.
This means that a male supply chain director earns approximately 21% more than a female supply chain director for performing the same job.
Average Salary by Gender Chart in Bermuda
Male |
38,260 BMD
|
|
Female | -21% |
31,520 BMD
|
Supply Chain Director 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 Supply Chain Director in Bermuda is around 8% every 31 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 ÷ 31 ) × 12 = 3%
What this means is that a Supply Chain Director 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%
|
Supply Chain Director 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 Supply Chain Director is a moderate bonus based job, with 65% of employees reporting at least one bonus in the last 12 months.
35% 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 9%.
Received Bonus |
65%
|
|
No Bonus |
35%
|
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 Supply Chain Director
In the table below, we have salary information for jobs that are similar to a Supply Chain Director in Bermuda.
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