AML Analyst Average Salary in Aruba 2023
How much money does an AML Analyst make in Aruba?
LOW
1,730
AWG AVERAGE
3,760
AWG HIGH
5,970
AWG
A person working as an AML Analyst in Aruba typically earns around 3,760 AWG per month. Salaries range from 1,730 AWG (lowest) to 5,970 AWG (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 Aruba
The median, the maximum, the minimum, and the range
Salary Range
AML Analyst salaries in Aruba range from 1,730 AWG per month (minimum salary) to 5,970 AWG per month (maximum salary).
Median Salary
The median salary is 4,060 AWG per month, which means that half (50%) of people working as AML Analyst(s) are earning less than 4,060 AWG while the other half are earning more than 4,060 AWG. 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 2,600 AWG while 75% of them are earning more than 2,600 AWG. Also from the diagram, 75% of AML Analyst(s) are earning less than 5,420 AWG while 25% are earning more than 5,420 AWG.
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 1,960 AWG per month.
While someone with an experience level between two and five years is expected to earn 2,620 AWG 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 3,870 AWG 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 4,720 AWG 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 5,150 AWG 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 5,570 AWG per month, 8% more than people with fifteen to twenty years of experience.
AML Analyst average salary change by experience in Aruba
| 0 - 2 Years | 1,960 AWG | |
| 2 - 5 Years | +34% | 2,620 AWG |
| 5 - 10 Years | +48% | 3,870 AWG |
| 10 - 15 Years | +22% | 4,720 AWG |
| 15 - 20 Years | +9% | 5,150 AWG |
| 20+ Years | +8% | 5,570 AWG |
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 2,240 AWG per month.
While someone with a Bachelor's Degree gets a salary of 3,510 AWG per month, 57% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 5,890 AWG per month, 68% more than someone with a Bachelor's Degree.
AML Analyst average salary difference by education level in Aruba
| Certificate or Diploma | 2,240 AWG | |
| Bachelor's Degree | +57% | 3,510 AWG |
| Master's Degree | +68% | 5,890 AWG |
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 Aruba costs anywhere from 11,300 Aruban Guilder(s) to 33,900 Aruban Guilder(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 Aruba earn 19% more than their female counterparts on average.
| Male | 4,090 AWG | |
| Female | -16% | 3,430 AWG |
Salary Comparison By Gender in Aruba for all Careers
AML Analyst Average Annual Salary Increment Percentage in Aruba
How much are annual salary increments in Aruba for AML Analyst(s)? How often do employees get salary raises?
AML Analyst
AML Analyst(s) in Aruba are likely to observe a salary increase of approximately 10% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Aruba / 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 | 3% | |
| Energy | 6% | |
| Information Technology | 9% | |
| Healthcare | 3% | |
| Travel | 6% | |
| Construction | 9% | |
| Education | 3% |
Listed above are the average annual increase rates for each industry in Aruba 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 Aruba
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.
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 | 68% | |
| No Bonus | 32% |
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 Aruba
22 AWG per hourThe average hourly wage (pay per hour) in Aruba is 22 AWG. This means that the average AML Analyst in Aruba earns approximately 22 AWG 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 53% 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 | 3,760 AWG |  +0% |
| Assistant Bank Branch Manager | 3,160 AWG |  -16% |
| Assistant Bank Manager | 3,870 AWG | +3% |
| ATM Manager | 3,310 AWG | -12% |
| ATM Service Technician | 920 AWG | -76% |
| Bank Accounts Analyst | 1,350 AWG | -64% |
| Bank Accounts Controller | 1,780 AWG | -53% |
| Bank Accounts Executive | 2,670 AWG | -29% |
| Bank Accounts Manager | 3,140 AWG | -16% |
| Bank Auditing Manager | 3,010 AWG | -20% |
| Bank Branch Manager | 4,260 AWG | +13% |
| Bank Clerk | 800 AWG | -79% |
| Bank Compliance Specialist | 2,230 AWG | -41% |
| Bank Manager | 4,790 AWG | +28% |
| Bank Operational Risk Manager | 4,780 AWG | +27% |
| Bank Operations Head | 4,770 AWG | +27% |
| Bank Operations Officer | 1,930 AWG | -49% |
| Bank Operations Specialist | 3,030 AWG | -19% |
| Bank Process Manager | 2,790 AWG | -26% |
| Bank Product Manager | 3,080 AWG | -18% |
| Bank Programme Manager | 3,450 AWG | -8% |
| Bank Project Manager | 3,760 AWG | +0% |
| Bank Propositions Manager | 3,560 AWG | -5% |
| Bank Quantitative Analyst | 2,470 AWG | -34% |
| Bank Regional Manager | 5,300 AWG | +41% |
| Bank Regional Risk Officer | 2,650 AWG | -29% |
| Bank Relationship Manager | 3,560 AWG | -5% |
| Bank Relationship Officer | 1,600 AWG | -57% |
| Banker | 1,800 AWG | -52% |
| Banking Business Analyst | 2,600 AWG | -31% |
| Banking Business Development Officer | 1,550 AWG | -59% |
| Banking Business Planning Executive | 3,560 AWG | -5% |
| Banking Product Manager | 3,130 AWG | -17% |
| Banking Reference Data Manager | 2,700 AWG | -28% |
| Banking Risk Analyst | 2,620 AWG | -30% |
| Banking Technical Analyst | 1,300 AWG | -65% |
| Bankruptcy Coordinator | 1,820 AWG | -52% |
| Budget Analyst | 2,630 AWG | -30% |
| Cards Marketing Manager | 3,170 AWG | -16% |
| Cash Management Manager | 4,380 AWG | +17% |
| Check Processing Manager | 3,280 AWG | -13% |
| Commercial Vault Associate | 2,510 AWG | -33% |
| Corporate Dealer | 2,680 AWG | -29% |
| Credit Analyst | 2,040 AWG | -46% |
| Credit and Collections Manager | 3,580 AWG | -5% |
| Credit Card Fraud Investigator | 2,780 AWG | -26% |
| Credit Portfolio Manager | 4,880 AWG | +30% |
| Credit Risk Analyst | 2,940 AWG | -22% |
| Credit Risk Associate | 2,800 AWG | -25% |
| Direct Bank Sales Representative | 1,740 AWG | -54% |
| Financial Bank Planning Consultant | 3,360 AWG | -11% |
| Financial Banking Analysis Manager | 3,710 AWG | -1% |
| Financial Banking Assistant | 1,220 AWG | -68% |
| Financial Banking Systems Manager | 3,520 AWG | -6% |
| Foreign Exchange Manager | 3,810 AWG | +1% |
| Fraud Analyst | 2,810 AWG | -25% |
| Fraud Detection Associate | 1,910 AWG | -49% |
| Fraud Detection Manager | 4,050 AWG | +8% |
| Fraud Detection Supervisor | 2,330 AWG | -38% |
| Internal Bank Audit Manager | 4,510 AWG | +20% |
| Internal Bank Auditor | 2,430 AWG | -35% |
| International Banking Manager | 5,200 AWG | +38% |
| Loan Analyst | 2,650 AWG | -29% |
| Loan Area Manager | 3,220 AWG | -14% |
| Loan Audit Team Leader | 3,020 AWG | -20% |
| Loan Branch Manager | 3,020 AWG | -20% |
| Loan Business Development Officer | 1,490 AWG | -60% |
| Loan Clerk | 880 AWG | -77% |
| Loan Collection Manager | 3,020 AWG | -20% |
| Loan Collector | 850 AWG | -77% |
| Loan Examiner | 1,140 AWG | -70% |
| Loan Processing Manager | 2,850 AWG | -24% |
| Loan Processor | 1,200 AWG | -68% |
| Loan Quality Assurance Auditor | 2,480 AWG | -34% |
| Loan Quality Assurance Manager | 2,790 AWG | -26% |
| Loan Quality Assurance Representative | 1,880 AWG | -50% |
| Loan Review Manager | 2,880 AWG | -23% |
| Loan Team Leader | 2,600 AWG | -31% |
| Mortgage Advisor | 1,810 AWG | -52% |
| Mortgage Collection Manager | 3,090 AWG | -18% |
| Mortgage Collector | 870 AWG | -77% |
| Mortgage Credit Analyst | 1,300 AWG | -65% |
| Mortgage Credit Manager | 2,760 AWG | -27% |
| Mortgage Development Manager | 3,200 AWG | -15% |
| Mortgage Document Reviewer | 1,100 AWG | -71% |
| Mortgage Funding Manager | 3,320 AWG | -12% |
| Mortgage Operations Manager | 4,260 AWG | +13% |
| Mortgage Payment Processing Clerk | 950 AWG | -75% |
| Mortgage Processing Manager | 2,970 AWG | -21% |
| Mortgage Processor | 1,180 AWG | -69% |
| Mortgage Quality Assurance Auditor | 2,490 AWG | -34% |
| Mortgage Quality Assurance Manager | 2,890 AWG | -23% |
| Mortgage Servicing Clerk | 920 AWG | -76% |
| Mortgage Servicing Manager | 2,970 AWG | -21% |
| Mortgage Underwriter | 1,090 AWG | -71% |
| Online Banking Manager | 4,470 AWG | +19% |
| Payment Processing Clerk | 920 AWG | -76% |
| Personal Banker | 1,920 AWG | -49% |
| Personal Banking Advisor | 1,810 AWG | -52% |
| Phone Banker | 1,190 AWG | -68% |
| Private Banker | 1,900 AWG | -49% |
| Reconciliation and Investigation Specialist | 2,110 AWG | -44% |
| Teller | 840 AWG | -78% |
| Trade Officer | 1,020 AWG | -73% |
| Trade Product Manager | 2,960 AWG | -21% |
| Trader | 1,250 AWG | -67% |
| Treasury Operations Officer | 2,190 AWG | -42% |
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 Aruba earn 14% more than their private sector counterparts on average across all sectors.
| Private Sector | 2,150 AWG | |
| Public Sector | +14% | 2,440 AWG |
