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AML Analyst Average Salary in Korea (North) 2023

How much money does an AML Analyst make in Korea (North)?

Average Monthly Salary
319,000 KPW
( 3,830,000 KPW yearly)


A person working as an AML Analyst in Korea (North) typically earns around 319,000 KPW per month. Salaries range from 147,000 KPW (lowest) to 508,000 KPW (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 Korea (North)

Median and salary distribution monthly Korea (North) AML Analyst
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The median, the maximum, the minimum, and the range

  • Salary Range

    AML Analyst salaries in Korea (North) range from 147,000 KPW per month (minimum salary) to 508,000 KPW per month (maximum salary).

  • Median Salary

    The median salary is 345,000 KPW per month, which means that half (50%) of people working as AML Analyst(s) are earning less than 345,000 KPW while the other half are earning more than 345,000 KPW. 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 221,000 KPW while 75% of them are earning more than 221,000 KPW. Also from the diagram, 75% of AML Analyst(s) are earning less than 460,000 KPW while 25% are earning more than 460,000 KPW.

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?

Salary comparison by years of experience monthly Korea (North) AML Analyst
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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 167,000 KPW per month.

While someone with an experience level between two and five years is expected to earn 223,000 KPW 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 329,000 KPW per month, 48% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, AML Analyst(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 401,000 KPW 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 437,000 KPW 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 473,000 KPW per month, 8% more than people with fifteen to twenty years of experience.

AML Analyst average salary change by experience in Korea (North)

0 - 2 Years
167,000 KPW
2 - 5 Years+34%
223,000 KPW
5 - 10 Years+48%
329,000 KPW
10 - 15 Years+22%
401,000 KPW
15 - 20 Years+9%
437,000 KPW
20+ Years+8%
473,000 KPW
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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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.

Salary comparison by education level monthly Korea (North) AML Analyst
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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 190,000 KPW per month.

While someone with a Bachelor's Degree gets a salary of 298,000 KPW per month, 57% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 500,000 KPW per month, 68% more than someone with a Bachelor's Degree.

AML Analyst average salary difference by education level in Korea (North)

Certificate or Diploma
190,000 KPW
Bachelor's Degree+57%
298,000 KPW
Master's Degree+68%
500,000 KPW
Percentage increase and decrease are relative to the previous value

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 Korea (North) costs anywhere from 971,000 North Korean Won(s) to 2,910,000 North Korean Won(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

Salary Comparison By Education Level
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AML Analyst Salary Comparison By Gender

Salary comparison by gender monthly Korea (North) AML Analyst
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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 Korea (North) earn 19% more than their female counterparts on average.

347,000 KPW
291,000 KPW
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Korea (North) for all Careers

Salary comparison by gender monthly Korea (North)
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AML Analyst Average Annual Salary Increment Percentage in Korea (North)

How much are annual salary increments in Korea (North) for AML Analyst(s)? How often do employees get salary raises?

AML Analyst

AML Analyst(s) in Korea (North) are likely to observe a salary increase of approximately 9% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Korea (North) AML Analyst
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Korea (North) / 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

The average salary increase in one year (12 months) in Korea (North) is 2%.

Annual Increment Rate By Industry 2022

Information Technology

Listed above are the average annual increase rates for each industry in Korea (North) 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

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AML Analyst Bonus and Incentive Rates in Korea (North)

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Korea (North) AML Analyst
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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.

32% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 68% 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
No Bonus

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, 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 Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These 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 GeneratorsSupporting 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.

A graphics designer working for a graphics designing company.

A graphic designer in the marketing department of a hospital.

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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

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 Korea (North)

1,840 KPW per hour

The average hourly wage (pay per hour) in Korea (North) is 1,840 KPW. This means that the average AML Analyst in Korea (North) earns approximately 1,840 KPW for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

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

Salary Comparison Between AML Analyst and Banking monthly Korea (North)
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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 TitleAverage Salary
AML Analyst319,000 KPW-0%
Assistant Bank Branch Manager270,000 KPW-15%
Assistant Bank Manager364,000 KPW+14%
ATM Manager282,000 KPW-12%
ATM Service Technician78,700 KPW-75%
Bank Accounts Analyst119,000 KPW-63%
Bank Accounts Controller151,000 KPW-53%
Bank Accounts Executive227,000 KPW-29%
Bank Accounts Manager267,000 KPW-16%
Bank Auditing Manager257,000 KPW-19%
Bank Branch Manager364,000 KPW+14%
Bank Clerk69,100 KPW-78%
Bank Compliance Specialist192,000 KPW-40%
Bank Manager440,000 KPW+38%
Bank Operational Risk Manager435,000 KPW+36%
Bank Operations Head438,000 KPW+37%
Bank Operations Officer162,000 KPW-49%
Bank Operations Specialist252,000 KPW-21%
Bank Process Manager229,000 KPW-28%
Bank Product Manager 282,000 KPW-12%
Bank Programme Manager295,000 KPW-8%
Bank Project Manager331,000 KPW+4%
Bank Propositions Manager316,000 KPW-1%
Bank Quantitative Analyst208,000 KPW-35%
Bank Regional Manager421,000 KPW+32%
Bank Regional Risk Officer228,000 KPW-29%
Bank Relationship Manager313,000 KPW-2%
Bank Relationship Officer140,000 KPW-56%
Banker149,000 KPW-53%
Banking Business Analyst223,000 KPW-30%
Banking Business Development Officer133,000 KPW-58%
Banking Business Planning Executive309,000 KPW-3%
Banking Product Manager285,000 KPW-11%
Banking Reference Data Manager230,000 KPW-28%
Banking Risk Analyst216,000 KPW-32%
Banking Technical Analyst117,000 KPW-63%
Bankruptcy Coordinator152,000 KPW-52%
Budget Analyst226,000 KPW-29%
Cards Marketing Manager280,000 KPW-12%
Cash Management Manager376,000 KPW+18%
Check Processing Manager282,000 KPW-12%
Commercial Vault Associate220,000 KPW-31%
Corporate Dealer232,000 KPW-27%
Credit Analyst176,000 KPW-45%
Credit and Collections Manager309,000 KPW-3%
Credit Card Fraud Investigator217,000 KPW-32%
Credit Portfolio Manager404,000 KPW+27%
Credit Risk Analyst240,000 KPW-25%
Credit Risk Associate230,000 KPW-28%
Direct Bank Sales Representative151,000 KPW-53%
Financial Bank Planning Consultant290,000 KPW-9%
Financial Banking Analysis Manager322,000 KPW+1%
Financial Banking Assistant106,000 KPW-67%
Financial Banking Systems Manager306,000 KPW-4%
Foreign Exchange Manager331,000 KPW+4%
Fraud Analyst233,000 KPW-27%
Fraud Detection Associate166,000 KPW-48%
Fraud Detection Manager337,000 KPW+6%
Fraud Detection Supervisor184,000 KPW-42%
Internal Bank Audit Manager394,000 KPW+23%
Internal Bank Auditor212,000 KPW-34%
International Banking Manager455,000 KPW+43%
Loan Analyst218,000 KPW-32%
Loan Area Manager265,000 KPW-17%
Loan Audit Team Leader248,000 KPW-22%
Loan Branch Manager248,000 KPW-22%
Loan Business Development Officer136,000 KPW-57%
Loan Clerk80,300 KPW-75%
Loan Collection Manager275,000 KPW-14%
Loan Collector69,800 KPW-78%
Loan Examiner94,300 KPW-70%
Loan Processing Manager236,000 KPW-26%
Loan Processor99,800 KPW-69%
Loan Quality Assurance Auditor227,000 KPW-29%
Loan Quality Assurance Manager256,000 KPW-20%
Loan Quality Assurance Representative173,000 KPW-46%
Loan Review Manager239,000 KPW-25%
Loan Team Leader217,000 KPW-32%
Mortgage Advisor151,000 KPW-53%
Mortgage Collection Manager258,000 KPW-19%
Mortgage Collector72,900 KPW-77%
Mortgage Credit Analyst120,000 KPW-62%
Mortgage Credit Manager255,000 KPW-20%
Mortgage Development Manager268,000 KPW-16%
Mortgage Document Reviewer92,500 KPW-71%
Mortgage Funding Manager278,000 KPW-13%
Mortgage Operations Manager397,000 KPW+24%
Mortgage Payment Processing Clerk80,200 KPW-75%
Mortgage Processing Manager249,000 KPW-22%
Mortgage Processor99,300 KPW-69%
Mortgage Quality Assurance Auditor211,000 KPW-34%
Mortgage Quality Assurance Manager244,000 KPW-24%
Mortgage Servicing Clerk77,700 KPW-76%
Mortgage Servicing Manager250,000 KPW-22%
Mortgage Underwriter92,400 KPW-71%
Online Banking Manager391,000 KPW+22%
Payment Processing Clerk80,800 KPW-75%
Personal Banker154,000 KPW-52%
Personal Banking Advisor 157,000 KPW-51%
Phone Banker104,000 KPW-67%
Private Banker167,000 KPW-48%
Reconciliation and Investigation Specialist179,000 KPW-44%
Teller74,100 KPW-77%
Trade Officer86,000 KPW-73%
Trade Product Manager250,000 KPW-22%
Trader106,000 KPW-67%
Treasury Operations Officer188,000 KPW-41%

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 Korea (North) earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
186,000 KPW
Public Sector+7%
200,000 KPW
Percentage increase and decrease are relative to the previous value

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