BERMUDA / SALARY

SALARY SURVEYS

205

UPDATED
October 2024
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AVERAGE SALARY / YEAR		MOST TYPICAL SALARY / YEAR		Gross income Net (after tax) 1 BMD = 1 USD
89,258 BMD $89,258 USD		77,000 BMD $77,000 USD		Gross income Net (after tax) 1 BMD = 1 USD

Average Salary / Bermuda

Average salary in Bermuda is 89,258 BMD per year. The most typical earning is 77,000 BMD. All data are based on 205 salary surveys. Salaries are different between men and women. Men receive an average salary of 95,500 BMD. Women receive a salary of 87,000 BMD.

The most paid careers are Media with average income 350,000 BMD and Insurance with income 126,700 BMD.

Based on education, the highest salaries receive people with Bellow H. School with salary of 350,000 BMD. The second most paid education level is Masters Degree with salary of 106,100 BMD.

Different experiences affect earning as well. People with 12-16 Years of experience receive salary of 113,000 BMD. Employees with 20+ Years of experience receive 100,400 BMD.

Levels / Bermuda (Gross BMD)

Salary Levels (BMD) per Year	Surveys	[%]
10,000 BMD - 14,999 BMD	0	n/a
15,000 BMD - 19,999 BMD	1	100% 0.49%
20,000 BMD - 24,999 BMD	3	99.51% 1.46%
25,000 BMD - 29,999 BMD	1	98.05% 0.49%
30,000 BMD - 34,999 BMD	3	97.56% 1.46%
35,000 BMD - 39,999 BMD	9	96.1% 4.39%
40,000 BMD - 44,999 BMD	5	91.71% 2.44%
45,000 BMD - 49,999 BMD	3	89.27% 1.46%
50,000 BMD - 54,999 BMD	16	87.8% 7.8%
55,000 BMD - 59,999 BMD	5	80% 2.44%
60,000 BMD - 64,999 BMD	15	77.56% 7.32%
65,000 BMD - 69,999 BMD	11	70.24% 5.37%
70,000 BMD - 74,999 BMD	13	64.88% 6.34%
THE MOST TYPICAL SALARY
75,000 BMD - 79,999 BMD	19	58.54% 9.27%
80,000 BMD - 84,999 BMD	9	49.27% 4.39%
85,000 BMD - 89,999 BMD	10	44.88% 4.88%
90,000 BMD - 94,999 BMD	15	40% 7.32%
95,000 BMD - 99,999 BMD	10	32.68% 4.88%
100,000 BMD - 104,999 BMD	9	27.8% 4.39%
105,000 BMD - 109,999 BMD	3	23.41% 1.46%
110,000 BMD - 114,999 BMD	3	21.95% 1.46%
115,000 BMD - 119,999 BMD	4	20.49% 1.95%
120,000 BMD - 124,999 BMD	5	18.54% 2.44%
125,000 BMD - 129,999 BMD	3	16.1% 1.46%
130,000 BMD - 134,999 BMD	3	14.63% 1.46%
135,000 BMD - 139,999 BMD	2	13.17% 0.98%
140,000 BMD - 144,999 BMD	1	12.2% 0.49%
145,000 BMD - 149,999 BMD	3	11.71% 1.46%
HIGH SALARIES
150,000 BMD - 159,999 BMD	7	10.24% 3.41%
160,000 BMD - 169,999 BMD	2	6.83% 0.98%
170,000 BMD - 179,999 BMD	1	5.85% 0.49%
180,000 BMD - 189,999 BMD	2	5.37% 0.98%
190,000 BMD - 199,999 BMD	1	4.39% 0.49%
200,000 BMD - 209,999 BMD	2	3.9% 0.98%
210,000 BMD - 219,999 BMD	0	n/a
220,000 BMD - 229,999 BMD	1	2.93% 0.49%
230,000 BMD - 239,999 BMD	0	n/a
240,000 BMD - 249,999 BMD	0	n/a
250,000 BMD - 349,999 BMD	5	2.44% 2.44%

Gender / Bermuda (Gross BMD)

#		Surveys		AVERAGE SALARY / YEAR
1	Men	88	95,500 BMD
2	Women	106	87,000 BMD

Education / Bermuda (Gross BMD)

#		Surveys
1	Bellow H. School	1	350,000 BMD
2	Masters Degree	44	106,100 BMD
3	Doctorate Degree	5	93,600 BMD
4	Bachelors Degree	106	90,800 BMD
5	Some College	32	71,000 BMD
6	High School	17	54,000 BMD

Experience / Bermuda (Gross BMD)

#		Surveys
1	12-16 Years	21	113,000 BMD
2	20+ Years	30	100,400 BMD
3	8-12 Years	35	97,300 BMD
4	16-20 Years	22	90,000 BMD
5	4-8 Years	45	89,500 BMD
6	0-1 Year	9	81,600 BMD
7	2-4 Years	30	68,200 BMD
8	1-2 Years	13	55,400 BMD

Age / Bermuda (Gross BMD)

#		Surveys
1	41-45	27	110,400 BMD
2	46-50	16	108,300 BMD
3	31-35	38	101,800 BMD
4	61-65	3	94,300 BMD
5	51-55	15	92,700 BMD
6	36-40	24	90,200 BMD
7	56-60	8	87,300 BMD
8	26-30	41	84,900 BMD
9	n/a	12	61,200 BMD
10	21-25	18	48,000 BMD
11	14-20	3	33,100 BMD

Work Type / Bermuda (Gross BMD)

#		Surveys
1	Self Employed	4	153,500 BMD
2	Permanent	165	89,100 BMD
3	Contract	31	88,400 BMD
4	Part Time	5	49,800 BMD

Cities / Bermuda (Gross BMD)

#		Surveys		AVERAGE SALARY / YEAR
1	Hamilton, Bermuda	195	90,100 BMD
2	--Other--	10	73,200 BMD

Career Groups / Bermuda (Gross BMD)

#		Surveys
1	Media	1	350,000 BMD
2	Insurance	21	126,700 BMD
3	Engineers & Technicians V	2	115,000 BMD
4	Management & Business	9	108,700 BMD
5	Finance & Banking	15	108,300 BMD
6	Health Care & Medical	7	105,900 BMD
7	Law	11	97,200 BMD
8	IT & Programming	9	96,700 BMD
9	Health Care & Medical II	7	93,600 BMD
10	Construction & Labor Workers	3	93,300 BMD
11	Engineers & Technicians	2	90,500 BMD
12	Logistics, Road, Railway	1	90,000 BMD
13	Accounting & Administration	63	84,000 BMD
14	Education & University	7	82,600 BMD
15	Sports & Recreation	1	80,000 BMD
16	Human Resources	7	75,700 BMD
17	IT & Programming II	5	74,600 BMD
18	Hotels & Tourism	2	69,000 BMD
19	Organization & Coordination	2	67,300 BMD
20	Security & Fireguard	3	63,700 BMD
21	Marketing, Sales, Purchase	4	60,100 BMD
22	Properties & Real Estates	2	60,000 BMD
23	Public Sector	2	57,500 BMD
24	Automobile	2	54,200 BMD
25	Aviation & Shipping	2	48,800 BMD
26	Salesmen & Saleswomen	3	45,900 BMD
27	Architect Constructions	2	45,000 BMD
28	Making Design	1	45,000 BMD
29	Restaurants, Inns, Pubs	4	40,500 BMD
30	Customer Services	4	29,000 BMD
31	Fashion	1	20,000 BMD

Careers / Bermuda (Gross BMD)

#		Surveys
1	Social Media	1	350,000 BMD
2	General Manager	2	155,000 BMD
3	Insurance Underwriter	9	151,700 BMD
4	Product Manager	1	150,000 BMD
5	Lawyer	4	147,500 BMD
6	Risk Management Insurance	3	141,300 BMD
7	Doctor	3	141,000 BMD
8	IT Manager	4	122,500 BMD
9	Banks	1	120,000 BMD
10	CPA - Certified Public Accountant	3	115,300 BMD
11	Other Engineer Career	2	115,000 BMD
12	Chartered Accountant	12	114,300 BMD
13	Healthcare Administration	2	114,000 BMD
14	IT Project Manager	2	110,000 BMD
15	Account Manager	5	108,800 BMD
16	Other Finance Career	3	106,800 BMD
17	Insurance	4	105,300 BMD
18	Construction Manager	2	105,000 BMD
19	Operations Coordinator	1	100,000 BMD
20	Office Manager	2	96,300 BMD
21	Other Insurance Career	3	93,100 BMD
22	Accountant	5	91,000 BMD
23	Pharmacist	2	91,000 BMD
24	Financial Accountant	4	90,900 BMD
25	Risk Analyst	1	90,000 BMD
26	Manager	1	90,000 BMD
27	Special Education Teacher	2	86,000 BMD
28	Company Secretary	4	84,000 BMD
29	Audit Manager	2	83,500 BMD
30	Senior Accountant	3	80,000 BMD
31	Registered Nurse	3	76,300 BMD
32	Tax Accountant	1	76,000 BMD
33	Medical Billing and Coding	1	75,000 BMD
34	Other Human Resource Career	2	73,500 BMD
35	Operations Manager	2	73,000 BMD
36	Bank Manager	2	72,500 BMD
37	Other Law Career	2	70,000 BMD
38	Teacher	2	68,000 BMD
39	Accounting Assistant	4	67,300 BMD
40	Life Insurance	1	67,000 BMD
41	Other IT Career	2	65,500 BMD
42	Other Administration Career	4	64,000 BMD
43	Legal Secretary	3	64,000 BMD
44	Junior Accountant	3	61,700 BMD
45	Administrative Assistant	3	61,300 BMD
46	Property Manager	2	60,000 BMD
47	Bookkeeper	1	60,000 BMD
48	Other Security Career	1	58,000 BMD
49	Human Resource Hunter	2	57,500 BMD
50	Office Administrator	2	55,700 BMD
51	Software Developer	2	55,000 BMD
52	Car Mechanic	2	54,200 BMD
53	Fund Accountant	3	51,000 BMD
54	Other Aviation & Shipping Career	2	48,800 BMD
55	Firefighter	1	48,000 BMD
56	Trainee Accountant	3	44,300 BMD
57	Waiter or Waitress	3	39,700 BMD
58	Food Service	2	32,200 BMD

People's individual salary examples (surveys)

50/50 Risk And Compliance Analyst (Woman)

Posted 16 June 2022

What I do?

"KYC reviews, create policies and procedures, internal and external presentations, manage third party relationships, senior representative with regulator, create board meeting presentations, new client onboarding, employee onboarding, commercial real estate finance, commercial banking, private banking, wealth management, plan and execute client appreciation events."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	16-20 Years	Advanced	90,000 BMD

49/50 Associate (Man)

Posted 18 February 2022

What I do?

"Accounting."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	1-2 Years	Intermediate	50,000 BMD

48/50 Medical Underwriter (Woman)

Posted 05 January 2022

What I do?

"All medical underwriting. Health, life, disability, death, life,."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Some College	8-12 Years	Advanced	74,000 BMD

47/50 Influencer (Man)

Posted 28 December 2021

What I do?

"Basic."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bellow H. School	0-1 Year	Expert	350,000 BMD

46/50 Administrative Assistant (Woman)

Posted 14 November 2021

What I do?

"Debt Collection, Accounts Payable, Filing."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	12-16 Years	Basic	65,000 BMD

45/50 Fund Accountant (Woman)

Posted 03 November 2021

What I do?

"Accounting work."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	1-2 Years	Intermediate	50,000 BMD

44/50 Compensation & Benefits Specialist (Man)

Posted 31 August 2021

What I do?

"Payroll Specialist."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	0-1 Year	Basic	62,000 BMD

43/50 Assistant Underwriter (Woman)

Posted 27 August 2021

What I do?

"Property and Specialty RI."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	2-4 Years	Intermediate	115,000 BMD

42/50 Project Manager (Woman)

Posted 12 July 2021

What I do?

"ANALYTICAL SKILLS, PROJECT MANAGEMENT SKILLS."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Masters Degree	4-8 Years	Advanced	150,000 BMD

41/50 Assistant Reinsurance Accountant (Woman)

Posted 27 March 2021

What I do?

"Treaty, cash allocation, broker maintenance, email management, claims payments, aged receivable. ARe, AIC, AINS, AIS."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Some College	12-16 Years	n/a	100,500 BMD

40/50 Accounts Payable Supervisor (Woman)

Posted 15 February 2021

What I do?

"Process wire payments, bank reconciliations, accounts payable, entering accounting into great plains."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	12-16 Years	n/a	99,000 BMD

39/50 Investment Accounting Manager (Man)

Posted 13 February 2021

What I do?

"Overall responsibility of investment accounting for group and regulatory reporting."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Masters Degree	8-12 Years	n/a	160,000 BMD

38/50 Office Manager (Woman)

Posted 21 January 2021

What I do?

"Budgets Financial statements Accounts Payable Corporate secretarial."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	High School	20+ Years	n/a	100,000 BMD

37/50 Bookkeeping And Payroll (Woman)

Posted 02 September 2020

What I do?

"Bookkeeping and payroll."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	8-12 Years	n/a	60,000 BMD

36/50 Relationship Manager (Man)

Posted 31 August 2020

What I do?

"Covering portfolio of companies."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	4-8 Years	n/a	125,000 BMD

35/50 Elementary Teacher (Woman)

Posted 04 July 2020

What I do?

"Teach Plan lessons Write reports Take care of all the needs of students Report to home Plan events Grade Supervise."

City	Education	Experience	Knowledge	Gross salary / year
--Other--	Bachelors Degree	20+ Years	n/a	88,000 BMD

34/50 Senior Manager (Woman)

Posted 01 March 2020

What I do?

"ACCA charted qualified accountant."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	8-12 Years	n/a	150,000 BMD

33/50 Cashier (Woman)

Posted 28 February 2020

What I do?

"Money transactions."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	2-4 Years	n/a	35,000 BMD

32/50 Fire And Security Technician (Man)

Posted 10 February 2020

What I do?

"Install, service and troubleshoot fire alarm systems, burglar alarm systems, CCTV and access control systems,."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	12-16 Years	n/a	58,000 BMD

31/50 FireFighter (Man)

Posted 28 January 2020

What I do?

"Medical work put out fires ems and more."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Some College	2-4 Years	n/a	48,000 BMD

30/50 Project Manager (Man)

Posted 03 January 2020

What I do?

"IT Project Manager in Banking Domain."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	12-16 Years	n/a	150,000 BMD

29/50 Tax Senior (Man)

Posted 01 January 2020

What I do?

"Us tax senior with 5 years xp."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	4-8 Years	n/a	76,000 BMD

28/50 Senior Accountant (Man)

Posted 25 December 2019

What I do?

"ACCA qualified."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Masters Degree	4-8 Years	n/a	75,000 BMD

27/50 Software Developer (Man)

Posted 09 December 2019

What I do?

"Build software for company."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	1-2 Years	n/a	40,000 BMD

26/50 Account Manager (Woman)

Posted 09 December 2019

What I do?

"Managing fund accounts."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Masters Degree	2-4 Years	n/a	100,000 BMD

25/50 Credit Analyst (Man)

Posted 07 November 2019

What I do?

"Credit analyst for large and mid corporate."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Masters Degree	4-8 Years	n/a	120,000 BMD

24/50 Contractor (Woman)

Posted 27 September 2019

What I do?

"Temporary accounting contractor."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	16-20 Years	n/a	120,000 BMD

23/50 Pensions (Woman)

Posted 26 September 2019

What I do?

"Processing new business applications both in group and individual pension plans from start to finish, processing monthly pension contributions and terminations, processing enrollment applications, update all application forms, plan agreements and administration forms when required, annual drawdowns, education sessions, perform associated administrative duties including receiving and distributing mail, filing, depositing checks picking up drafts from the bank, processing yearly statements, prepare enrollment and sales packages when required and support VP, Pensions and Investments when required, meet with members with pension options and annual AML updating."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Some College	8-12 Years	n/a	65,000 BMD

22/50 Trust Officer (Woman)

Posted 23 September 2019

What I do?

"Administer complex trust and companies."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	4-8 Years	n/a	80,000 BMD

21/50 Laundry Manager (Man)

Posted 16 September 2019

What I do?

"Managing a department within approved budget."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	High School	8-12 Years	n/a	90,000 BMD

20/50 Exposure Manager (Woman)

Posted 16 September 2019

What I do?

"Monitor all exposures within the modelled portfolio and provide RDS losses and input."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	12-16 Years	n/a	195,000 BMD

19/50 Financial Controller For (Woman)

Posted 11 September 2019

What I do?

"Managing a team of 15 accountants. Producing group consolidated financial statements."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	4-8 Years	n/a	113,000 BMD

18/50 Manager (Woman)

Posted 10 September 2019

What I do?

"Manage accounting."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	16-20 Years	n/a	145,000 BMD

17/50 Corporate Associate (Man)

Posted 01 September 2019

What I do?

"Corporate legal advice."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	4-8 Years	n/a	150,000 BMD

16/50 Manager (Man)

Posted 21 August 2019

What I do?

"Engineering manager."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Some College	20+ Years	n/a	155,000 BMD

15/50 Financial Controller (Man)

Posted 20 August 2019

What I do?

"Accounting review, approval and preparation of financial statements and management reports."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	20+ Years	n/a	138,000 BMD

14/50 Custody Administrator Specialist (Woman)

Posted 11 August 2019

What I do?

"Execute received customer instructions, which involves wire transfers, internal transfer and process trade instructions. Ensure all pertinent documentation are current and valid for customer and accounts."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	High School	12-16 Years	n/a	62,500 BMD

13/50 Billing (Man)

Posted 08 August 2019

What I do?

"Setting up and monitoring claims."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Masters Degree	2-4 Years	n/a	75,000 BMD

12/50 Trainee Underwriter (Woman)

Posted 18 July 2019

What I do?

"Underwriter trainee to gain knowledge and experience to grow into a junior underwriter position."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	4-8 Years	n/a	67,000 BMD

11/50 Medical Surgical (Man)

Posted 14 July 2019

What I do?

"Medical surgical nursing."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	4-8 Years	n/a	76,000 BMD

10/50 Manager (Man)

Posted 14 July 2019

What I do?

"Big 4 actuarial manager."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	4-8 Years	n/a	130,000 BMD

9/50 Vice President (Woman)

Posted 13 July 2019

What I do?

"Casualty Underwriter."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	12-16 Years	n/a	250,000 BMD

8/50 Marketing Brand Manager (Woman)

Posted 09 July 2019

What I do?

"Develop marketing programs."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	1-2 Years	n/a	50,000 BMD

7/50 Building Automated Controls Tech (Man)

Posted 20 June 2019

What I do?

"Programming of Security. Fire, HVAC controllers located in Buildings. These devices help keep the building comfortable and safe from fire and intrusion."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Some College	16-20 Years	n/a	75,000 BMD

6/50 ICT Technician (Man)

Posted 18 June 2019

What I do?

"Support and maintain unified communications systems."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	4-8 Years	n/a	51,000 BMD

5/50 Senior Bookkeeper (Woman)

Posted 09 June 2019

What I do?

"Account receivable, accounts payable etc."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Some College	8-12 Years	n/a	35,000 BMD

4/50 Senior Bookkeeper (Woman)

Posted 08 June 2019

What I do?

"Payroll administration, Financial statement preparation, Journal entries, Accounts payable and receivable administration."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	20+ Years	n/a	67,000 BMD

3/50 Software Engineer (Man)

Posted 30 May 2019

What I do?

"Develop software solutions and integrate systems."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Masters Degree	2-4 Years	n/a	92,000 BMD

2/50 Financial Controller (Man)

Posted 30 May 2019

What I do?

"Managing Finance and Accounting."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Masters Degree	16-20 Years	n/a	120,000 BMD

1/50 Senior Consultant (Woman)

Posted 24 May 2019

What I do?

"Financial reporting & analysis."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Bermuda	Bachelors Degree	4-8 Years	n/a	145,000 BMD