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AML Analyst Average Salary in Korea (South) 2023

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

Average Monthly Salary
6,330,000 KRW
( 75,900,000 KRW yearly)


A person working as an AML Analyst in Korea (South) typically earns around 6,330,000 KRW per month. Salaries range from 2,910,000 KRW (lowest) to 10,100,000 KRW (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 (South)

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

  • Salary Range

    AML Analyst salaries in Korea (South) range from 2,910,000 KRW per month (minimum salary) to 10,100,000 KRW per month (maximum salary).

  • Median Salary

    The median salary is 6,830,000 KRW per month, which means that half (50%) of people working as AML Analyst(s) are earning less than 6,830,000 KRW while the other half are earning more than 6,830,000 KRW. 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 4,390,000 KRW while 75% of them are earning more than 4,390,000 KRW. Also from the diagram, 75% of AML Analyst(s) are earning less than 9,120,000 KRW while 25% are earning more than 9,120,000 KRW.

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 (South) 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 3,300,000 KRW per month.

While someone with an experience level between two and five years is expected to earn 4,410,000 KRW 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 6,520,000 KRW 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 7,950,000 KRW 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 8,670,000 KRW 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 9,380,000 KRW per month, 8% more than people with fifteen to twenty years of experience.

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

0 - 2 Years
3,300,000 KRW
2 - 5 Years+34%
4,410,000 KRW
5 - 10 Years+48%
6,520,000 KRW
10 - 15 Years+22%
7,950,000 KRW
15 - 20 Years+9%
8,670,000 KRW
20+ Years+8%
9,380,000 KRW
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 (South) 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 3,770,000 KRW per month.

While someone with a Bachelor's Degree gets a salary of 5,910,000 KRW per month, 57% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 9,920,000 KRW per month, 68% more than someone with a Bachelor's Degree.

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

Certificate or Diploma
3,770,000 KRW
Bachelor's Degree+57%
5,910,000 KRW
Master's Degree+68%
9,920,000 KRW
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 (South) costs anywhere from 19,400,000 South Korean Won(s) to 58,300,000 South 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 (South) 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 (South) earn 8% more than their female counterparts on average.

6,570,000 KRW
6,090,000 KRW
Percentage increase and decrease are relative to the previous value

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

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

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

AML Analyst

AML Analyst(s) in Korea (South) are likely to observe a salary increase of approximately 13% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate Korea (South) 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 (South) / 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 (South) is 7%.

Annual Increment Rate By Industry 2022

Information Technology

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

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

14% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 86% 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 (South)

36,500 KRW per hour

The average hourly wage (pay per hour) in Korea (South) is 36,500 KRW. This means that the average AML Analyst in Korea (South) earns approximately 36,500 KRW 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 (South)
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The average salary for AML Analyst is 50% 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 Analyst6,330,000 KRW+0%
Assistant Bank Branch Manager5,400,000 KRW-15%
Assistant Bank Manager7,220,000 KRW+14%
ATM Manager5,600,000 KRW-12%
ATM Service Technician1,560,000 KRW-75%
Bank Accounts Analyst2,440,000 KRW-61%
Bank Accounts Controller2,990,000 KRW-53%
Bank Accounts Executive4,490,000 KRW-29%
Bank Accounts Manager5,280,000 KRW-17%
Bank Auditing Manager5,120,000 KRW-19%
Bank Branch Manager7,260,000 KRW+15%
Bank Clerk1,390,000 KRW-78%
Bank Compliance Specialist3,860,000 KRW-39%
Bank Manager8,530,000 KRW+35%
Bank Operational Risk Manager8,370,000 KRW+32%
Bank Operations Head8,480,000 KRW+34%
Bank Operations Officer3,500,000 KRW-45%
Bank Operations Specialist5,410,000 KRW-15%
Bank Process Manager4,830,000 KRW-24%
Bank Product Manager 5,470,000 KRW-14%
Bank Programme Manager5,890,000 KRW-7%
Bank Project Manager6,780,000 KRW+7%
Bank Propositions Manager5,950,000 KRW-6%
Bank Quantitative Analyst4,060,000 KRW-36%
Bank Regional Manager8,640,000 KRW+37%
Bank Regional Risk Officer4,590,000 KRW-27%
Bank Relationship Manager6,420,000 KRW+1%
Bank Relationship Officer2,850,000 KRW-55%
Banker2,880,000 KRW-54%
Banking Business Analyst4,460,000 KRW-30%
Banking Business Development Officer2,660,000 KRW-58%
Banking Business Planning Executive6,240,000 KRW-1%
Banking Product Manager5,480,000 KRW-13%
Banking Reference Data Manager4,570,000 KRW-28%
Banking Risk Analyst4,560,000 KRW-28%
Banking Technical Analyst2,430,000 KRW-62%
Bankruptcy Coordinator3,260,000 KRW-48%
Budget Analyst4,510,000 KRW-29%
Cards Marketing Manager5,750,000 KRW-9%
Cash Management Manager7,540,000 KRW+19%
Check Processing Manager5,650,000 KRW-11%
Commercial Vault Associate4,490,000 KRW-29%
Corporate Dealer4,710,000 KRW-26%
Credit Analyst3,540,000 KRW-44%
Credit and Collections Manager6,230,000 KRW-2%
Credit Card Fraud Investigator4,380,000 KRW-31%
Credit Portfolio Manager8,600,000 KRW+36%
Credit Risk Analyst5,030,000 KRW-21%
Credit Risk Associate4,860,000 KRW-23%
Direct Bank Sales Representative3,050,000 KRW-52%
Financial Bank Planning Consultant5,830,000 KRW-8%
Financial Banking Analysis Manager6,510,000 KRW+3%
Financial Banking Assistant2,140,000 KRW-66%
Financial Banking Systems Manager6,190,000 KRW-2%
Foreign Exchange Manager6,720,000 KRW+6%
Fraud Analyst4,490,000 KRW-29%
Fraud Detection Associate3,050,000 KRW-52%
Fraud Detection Manager6,550,000 KRW+4%
Fraud Detection Supervisor3,740,000 KRW-41%
Internal Bank Audit Manager8,030,000 KRW+27%
Internal Bank Auditor4,330,000 KRW-32%
International Banking Manager9,270,000 KRW+46%
Loan Analyst4,180,000 KRW-34%
Loan Area Manager5,600,000 KRW-12%
Loan Audit Team Leader5,240,000 KRW-17%
Loan Branch Manager4,760,000 KRW-25%
Loan Business Development Officer2,610,000 KRW-59%
Loan Clerk1,540,000 KRW-76%
Loan Collection Manager5,300,000 KRW-16%
Loan Collector1,490,000 KRW-76%
Loan Examiner2,010,000 KRW-68%
Loan Processing Manager4,550,000 KRW-28%
Loan Processor1,930,000 KRW-70%
Loan Quality Assurance Auditor4,400,000 KRW-30%
Loan Quality Assurance Manager4,960,000 KRW-22%
Loan Quality Assurance Representative3,350,000 KRW-47%
Loan Review Manager5,130,000 KRW-19%
Loan Team Leader4,650,000 KRW-27%
Mortgage Advisor2,930,000 KRW-54%
Mortgage Collection Manager5,020,000 KRW-21%
Mortgage Collector1,420,000 KRW-78%
Mortgage Credit Analyst2,340,000 KRW-63%
Mortgage Credit Manager4,990,000 KRW-21%
Mortgage Development Manager5,800,000 KRW-8%
Mortgage Document Reviewer2,000,000 KRW-68%
Mortgage Funding Manager5,450,000 KRW-14%
Mortgage Operations Manager7,820,000 KRW+24%
Mortgage Payment Processing Clerk1,750,000 KRW-72%
Mortgage Processing Manager4,890,000 KRW-23%
Mortgage Processor1,950,000 KRW-69%
Mortgage Quality Assurance Auditor4,150,000 KRW-34%
Mortgage Quality Assurance Manager4,820,000 KRW-24%
Mortgage Servicing Clerk1,530,000 KRW-76%
Mortgage Servicing Manager4,920,000 KRW-22%
Mortgage Underwriter1,830,000 KRW-71%
Online Banking Manager7,990,000 KRW+26%
Payment Processing Clerk1,490,000 KRW-76%
Personal Banker3,170,000 KRW-50%
Personal Banking Advisor 3,160,000 KRW-50%
Phone Banker2,120,000 KRW-66%
Private Banker3,090,000 KRW-51%
Reconciliation and Investigation Specialist3,540,000 KRW-44%
Teller1,520,000 KRW-76%
Trade Officer1,870,000 KRW-70%
Trade Product Manager4,920,000 KRW-22%
Trader2,090,000 KRW-67%
Treasury Operations Officer3,760,000 KRW-41%

Salary Comparison By City

CityAverage Salary
Bucheon5,360,000 KRW
Busan6,970,000 KRW
Daegu6,590,000 KRW
Daejeon6,410,000 KRW
Goyang5,650,000 KRW
Gwangju6,230,000 KRW
Incheon6,780,000 KRW
Seongnam5,630,000 KRW
Seoul6,480,000 KRW
Suweon6,050,000 KRW
Ulsan5,820,000 KRW

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 (South) earn 6% more than their private sector counterparts on average across all sectors.

Private Sector
3,770,000 KRW
Public Sector+6%
3,990,000 KRW
Percentage increase and decrease are relative to the previous value

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