AML Analyst Average Salary in Iraq 2023
How much money does an AML Analyst make in Iraq?
LOW
1,550,000
IQD AVERAGE
3,370,000
IQD HIGH
5,360,000
IQD
A person working as an AML Analyst in Iraq typically earns around 3,370,000 IQD per month. Salaries range from 1,550,000 IQD (lowest) to 5,360,000 IQD (highest).
This is the average monthly salary including housing, transport, and other benefits. AML Analyst salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
AML Analyst Salary Distribution in Iraq
The median, the maximum, the minimum, and the range
Salary Range
AML Analyst salaries in Iraq range from 1,550,000 IQD per month (minimum salary) to 5,360,000 IQD per month (maximum salary).
Median Salary
The median salary is 3,640,000 IQD per month, which means that half (50%) of people working as AML Analyst(s) are earning less than 3,640,000 IQD while the other half are earning more than 3,640,000 IQD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Percentiles
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of AML Analyst(s) are earning less than 2,340,000 IQD while 75% of them are earning more than 2,340,000 IQD. Also from the diagram, 75% of AML Analyst(s) are earning less than 4,860,000 IQD while 25% are earning more than 4,860,000 IQD.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
AML Analyst Salary Comparison by Years of Experience
How does experience and age affect your pay?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down AML Analyst salaries by experience level and this is what we found.
An AML Analyst with less than two years of experience makes approximately 1,760,000 IQD per month.
While someone with an experience level between two and five years is expected to earn 2,350,000 IQD per month, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 3,480,000 IQD per month, 48% more than someone with two to five years of experience.
Additionally, AML Analyst(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 4,240,000 IQD per month, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 4,620,000 IQD per month, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 5,000,000 IQD per month, 8% more than people with fifteen to twenty years of experience.
AML Analyst average salary change by experience in Iraq
| 0 - 2 Years | 1,760,000 IQD | |
| 2 - 5 Years | +34% | 2,350,000 IQD |
| 5 - 10 Years | +48% | 3,480,000 IQD |
| 10 - 15 Years | +22% | 4,240,000 IQD |
| 15 - 20 Years | +9% | 4,620,000 IQD |
| 20+ Years | +8% | 5,000,000 IQD |
Typical Salary Progress for Most Careers
AML Analyst Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different AML Analyst(s) who have the same experience but different education levels.
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down AML Analyst salaries by education level in order to make a comparison.
When the education level is Certificate or Diploma, the average salary of an AML Analyst is 2,010,000 IQD per month.
While someone with a Bachelor's Degree gets a salary of 3,150,000 IQD per month, 57% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 5,280,000 IQD per month, 68% more than someone with a Bachelor's Degree.
AML Analyst average salary difference by education level in Iraq
| Certificate or Diploma | 2,010,000 IQD | |
| Bachelor's Degree | +57% | 3,150,000 IQD |
| Master's Degree | +68% | 5,280,000 IQD |
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Iraq costs anywhere from 10,200,000 Iraqi Dinar(s) to 30,700,000 Iraqi Dinar(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
AML Analyst Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male AML Analyst employees in Iraq earn 24% more than their female counterparts on average.
| Male | 3,730,000 IQD | |
| Female | -19% | 3,010,000 IQD |
Salary Comparison By Gender in Iraq for all Careers
AML Analyst Average Annual Salary Increment Percentage in Iraq
How much are annual salary increments in Iraq for AML Analyst(s)? How often do employees get salary raises?
AML Analyst
AML Analyst(s) in Iraq are likely to observe a salary increase of approximately 12% every 20 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.
Iraq / All Professions
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Annual Increment Rate By Industry 2022
| Banking | 4% | |
| Energy | 8% | |
| Information Technology | 3% | |
| Healthcare | 7% | |
| Travel | 2% | |
| Construction | 6% | |
| Education | 1% |
Listed above are the average annual increase rates for each industry in Iraq for the year 2022. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
Worldwide Salary Raises: All Countries and All Jobs
AML Analyst Bonus and Incentive Rates in Iraq
How much and how often are bonuses being awarded?
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An AML Analyst is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
18% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 82% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
| Received Bonus | 82% | |
| No Bonus | 18% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
AML Analyst Average Hourly Wage in Iraq
19,500 IQD per hourThe average hourly wage (pay per hour) in Iraq is 19,500 IQD. This means that the average AML Analyst in Iraq earns approximately 19,500 IQD for every worked hour.
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
AML Analyst VS Other Jobs
The average salary for AML Analyst is 51% more than that of Banking. Also, Banking salaries are 9% more than those of All Jobs.
Salary comparison with similar jobs
| Job Title | Average Salary |
| AML Analyst | 3,370,000 IQD |  -0% |
| Assistant Bank Branch Manager | 2,940,000 IQD | -13% |
| Assistant Bank Manager | 3,810,000 IQD |  +13% |
| ATM Manager | 3,230,000 IQD | -4% |
| ATM Service Technician | 892,000 IQD | -74% |
| Bank Accounts Analyst | 1,290,000 IQD | -62% |
| Bank Accounts Controller | 1,630,000 IQD | -52% |
| Bank Accounts Executive | 2,420,000 IQD | -28% |
| Bank Accounts Manager | 2,820,000 IQD | -16% |
| Bank Auditing Manager | 2,880,000 IQD | -15% |
| Bank Branch Manager | 4,000,000 IQD | +19% |
| Bank Clerk | 708,000 IQD | -79% |
| Bank Compliance Specialist | 1,950,000 IQD | -42% |
| Bank Manager | 4,290,000 IQD | +27% |
| Bank Operational Risk Manager | 4,590,000 IQD | +36% |
| Bank Operations Head | 4,350,000 IQD | +29% |
| Bank Operations Officer | 1,760,000 IQD | -48% |
| Bank Operations Specialist | 2,690,000 IQD | -20% |
| Bank Process Manager | 2,570,000 IQD | -24% |
| Bank Product Manager | 2,780,000 IQD | -18% |
| Bank Programme Manager | 3,210,000 IQD | -5% |
| Bank Project Manager | 3,710,000 IQD | +10% |
| Bank Propositions Manager | 3,120,000 IQD | -7% |
| Bank Quantitative Analyst | 2,240,000 IQD | -34% |
| Bank Regional Manager | 4,770,000 IQD | +41% |
| Bank Regional Risk Officer | 2,290,000 IQD | -32% |
| Bank Relationship Manager | 3,510,000 IQD | +4% |
| Bank Relationship Officer | 1,540,000 IQD | -54% |
| Banker | 1,670,000 IQD | -50% |
| Banking Business Analyst | 2,380,000 IQD | -29% |
| Banking Business Development Officer | 1,400,000 IQD | -58% |
| Banking Business Planning Executive | 3,290,000 IQD | -2% |
| Banking Product Manager | 3,010,000 IQD | -11% |
| Banking Reference Data Manager | 2,630,000 IQD | -22% |
| Banking Risk Analyst | 2,370,000 IQD | -30% |
| Banking Technical Analyst | 1,220,000 IQD | -64% |
| Bankruptcy Coordinator | 1,600,000 IQD | -53% |
| Budget Analyst | 2,430,000 IQD | -28% |
| Cards Marketing Manager | 3,040,000 IQD | -10% |
| Cash Management Manager | 3,930,000 IQD | +17% |
| Check Processing Manager | 2,920,000 IQD | -13% |
| Commercial Vault Associate | 2,320,000 IQD | -31% |
| Corporate Dealer | 2,410,000 IQD | -29% |
| Credit Analyst | 1,770,000 IQD | -48% |
| Credit and Collections Manager | 3,080,000 IQD | -9% |
| Credit Card Fraud Investigator | 2,360,000 IQD | -30% |
| Credit Portfolio Manager | 4,570,000 IQD | +36% |
| Credit Risk Analyst | 2,610,000 IQD | -23% |
| Credit Risk Associate | 2,550,000 IQD | -24% |
| Direct Bank Sales Representative | 1,630,000 IQD | -52% |
| Financial Bank Planning Consultant | 2,910,000 IQD | -14% |
| Financial Banking Analysis Manager | 3,400,000 IQD | +1% |
| Financial Banking Assistant | 1,100,000 IQD | -67% |
| Financial Banking Systems Manager | 3,160,000 IQD | -6% |
| Foreign Exchange Manager | 3,400,000 IQD | +1% |
| Fraud Analyst | 2,610,000 IQD | -23% |
| Fraud Detection Associate | 1,690,000 IQD | -50% |
| Fraud Detection Manager | 3,520,000 IQD | +4% |
| Fraud Detection Supervisor | 2,040,000 IQD | -39% |
| Internal Bank Audit Manager | 4,290,000 IQD | +27% |
| Internal Bank Auditor | 2,290,000 IQD | -32% |
| International Banking Manager | 4,850,000 IQD | +44% |
| Loan Analyst | 2,380,000 IQD | -29% |
| Loan Area Manager | 2,910,000 IQD | -14% |
| Loan Audit Team Leader | 2,720,000 IQD | -19% |
| Loan Branch Manager | 2,700,000 IQD | -20% |
| Loan Business Development Officer | 1,460,000 IQD | -57% |
| Loan Clerk | 857,000 IQD | -75% |
| Loan Collection Manager | 2,910,000 IQD | -14% |
| Loan Collector | 798,000 IQD | -76% |
| Loan Examiner | 1,070,000 IQD | -68% |
| Loan Processing Manager | 2,640,000 IQD | -22% |
| Loan Processor | 1,110,000 IQD | -67% |
| Loan Quality Assurance Auditor | 2,260,000 IQD | -33% |
| Loan Quality Assurance Manager | 2,520,000 IQD | -25% |
| Loan Quality Assurance Representative | 1,680,000 IQD | -50% |
| Loan Review Manager | 2,550,000 IQD | -24% |
| Loan Team Leader | 2,290,000 IQD | -32% |
| Mortgage Advisor | 1,580,000 IQD | -53% |
| Mortgage Collection Manager | 2,670,000 IQD | -21% |
| Mortgage Collector | 746,000 IQD | -78% |
| Mortgage Credit Analyst | 1,220,000 IQD | -64% |
| Mortgage Credit Manager | 2,570,000 IQD | -24% |
| Mortgage Development Manager | 2,950,000 IQD | -13% |
| Mortgage Document Reviewer | 1,010,000 IQD | -70% |
| Mortgage Funding Manager | 3,000,000 IQD | -11% |
| Mortgage Operations Manager | 4,070,000 IQD | +21% |
| Mortgage Payment Processing Clerk | 900,000 IQD | -73% |
| Mortgage Processing Manager | 2,660,000 IQD | -21% |
| Mortgage Processor | 1,050,000 IQD | -69% |
| Mortgage Quality Assurance Auditor | 2,340,000 IQD | -31% |
| Mortgage Quality Assurance Manager | 2,690,000 IQD | -20% |
| Mortgage Servicing Clerk | 813,000 IQD | -76% |
| Mortgage Servicing Manager | 2,590,000 IQD | -23% |
| Mortgage Underwriter | 1,010,000 IQD | -70% |
| Online Banking Manager | 4,130,000 IQD | +22% |
| Payment Processing Clerk | 845,000 IQD | -75% |
| Personal Banker | 1,770,000 IQD | -48% |
| Personal Banking Advisor | 1,690,000 IQD | -50% |
| Phone Banker | 1,130,000 IQD | -66% |
| Private Banker | 1,730,000 IQD | -49% |
| Reconciliation and Investigation Specialist | 1,950,000 IQD | -42% |
| Teller | 822,000 IQD | -76% |
| Trade Officer | 965,000 IQD | -71% |
| Trade Product Manager | 2,770,000 IQD | -18% |
| Trader | 1,160,000 IQD | -66% |
| Treasury Operations Officer | 1,980,000 IQD | -41% |
Salary Comparison By City
| City | Average Salary |
| Al-Basrah | 3,370,000 IQD |
| Al-Mawsil | 2,920,000 IQD |
| An-Najaf | 3,520,000 IQD |
| Baghdad | 3,630,000 IQD |
| Irbil | 3,200,000 IQD |
| Kirkuk | 2,960,000 IQD |
Government vs Private Sector Salary Comparison
Where can you get paid more, working for a private company or for the government? Public sector employees in Iraq earn 15% more than their private sector counterparts on average across all sectors.
| Private Sector | 1,920,000 IQD | |
| Public Sector | +15% | 2,200,000 IQD |
