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AML Analyst Average Salary in Aruba 2023

How much money does an AML Analyst make in Aruba?

Average Monthly Salary
3,760 AWG
( 45,100 AWG yearly)


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

Median and salary distribution monthly Aruba AML Analyst
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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?

Salary comparison by years of experience monthly Aruba 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 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.

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 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
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 Aruba 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 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
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 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

Salary Comparison By Education Level
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AML Analyst Salary Comparison By Gender

Salary comparison by gender monthly Aruba 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 Aruba earn 19% more than their female counterparts on average.

4,090 AWG
3,430 AWG
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Aruba for all Careers

Salary comparison by gender monthly Aruba
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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.

Annual Salary Increment Rate Aruba 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.

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

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

Annual Increment Rate By Industry 2022

Information Technology

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

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AML Analyst Bonus and Incentive Rates in Aruba

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Aruba 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 Aruba

22 AWG per hour

The 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.

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 Aruba
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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 TitleAverage Salary
AML Analyst3,760 AWG+0%
Assistant Bank Branch Manager3,160 AWG-16%
Assistant Bank Manager3,870 AWG+3%
ATM Manager3,310 AWG-12%
ATM Service Technician920 AWG-76%
Bank Accounts Analyst1,350 AWG-64%
Bank Accounts Controller1,780 AWG-53%
Bank Accounts Executive2,670 AWG-29%
Bank Accounts Manager3,140 AWG-16%
Bank Auditing Manager3,010 AWG-20%
Bank Branch Manager4,260 AWG+13%
Bank Clerk800 AWG-79%
Bank Compliance Specialist2,230 AWG-41%
Bank Manager4,790 AWG+28%
Bank Operational Risk Manager4,780 AWG+27%
Bank Operations Head4,770 AWG+27%
Bank Operations Officer1,930 AWG-49%
Bank Operations Specialist3,030 AWG-19%
Bank Process Manager2,790 AWG-26%
Bank Product Manager 3,080 AWG-18%
Bank Programme Manager3,450 AWG-8%
Bank Project Manager3,760 AWG+0%
Bank Propositions Manager3,560 AWG-5%
Bank Quantitative Analyst2,470 AWG-34%
Bank Regional Manager5,300 AWG+41%
Bank Regional Risk Officer2,650 AWG-29%
Bank Relationship Manager3,560 AWG-5%
Bank Relationship Officer1,600 AWG-57%
Banker1,800 AWG-52%
Banking Business Analyst2,600 AWG-31%
Banking Business Development Officer1,550 AWG-59%
Banking Business Planning Executive3,560 AWG-5%
Banking Product Manager3,130 AWG-17%
Banking Reference Data Manager2,700 AWG-28%
Banking Risk Analyst2,620 AWG-30%
Banking Technical Analyst1,300 AWG-65%
Bankruptcy Coordinator1,820 AWG-52%
Budget Analyst2,630 AWG-30%
Cards Marketing Manager3,170 AWG-16%
Cash Management Manager4,380 AWG+17%
Check Processing Manager3,280 AWG-13%
Commercial Vault Associate2,510 AWG-33%
Corporate Dealer2,680 AWG-29%
Credit Analyst2,040 AWG-46%
Credit and Collections Manager3,580 AWG-5%
Credit Card Fraud Investigator2,780 AWG-26%
Credit Portfolio Manager4,880 AWG+30%
Credit Risk Analyst2,940 AWG-22%
Credit Risk Associate2,800 AWG-25%
Direct Bank Sales Representative1,740 AWG-54%
Financial Bank Planning Consultant3,360 AWG-11%
Financial Banking Analysis Manager3,710 AWG-1%
Financial Banking Assistant1,220 AWG-68%
Financial Banking Systems Manager3,520 AWG-6%
Foreign Exchange Manager3,810 AWG+1%
Fraud Analyst2,810 AWG-25%
Fraud Detection Associate1,910 AWG-49%
Fraud Detection Manager4,050 AWG+8%
Fraud Detection Supervisor2,330 AWG-38%
Internal Bank Audit Manager4,510 AWG+20%
Internal Bank Auditor2,430 AWG-35%
International Banking Manager5,200 AWG+38%
Loan Analyst2,650 AWG-29%
Loan Area Manager3,220 AWG-14%
Loan Audit Team Leader3,020 AWG-20%
Loan Branch Manager3,020 AWG-20%
Loan Business Development Officer1,490 AWG-60%
Loan Clerk880 AWG-77%
Loan Collection Manager3,020 AWG-20%
Loan Collector850 AWG-77%
Loan Examiner1,140 AWG-70%
Loan Processing Manager2,850 AWG-24%
Loan Processor1,200 AWG-68%
Loan Quality Assurance Auditor2,480 AWG-34%
Loan Quality Assurance Manager2,790 AWG-26%
Loan Quality Assurance Representative1,880 AWG-50%
Loan Review Manager2,880 AWG-23%
Loan Team Leader2,600 AWG-31%
Mortgage Advisor1,810 AWG-52%
Mortgage Collection Manager3,090 AWG-18%
Mortgage Collector870 AWG-77%
Mortgage Credit Analyst1,300 AWG-65%
Mortgage Credit Manager2,760 AWG-27%
Mortgage Development Manager3,200 AWG-15%
Mortgage Document Reviewer1,100 AWG-71%
Mortgage Funding Manager3,320 AWG-12%
Mortgage Operations Manager4,260 AWG+13%
Mortgage Payment Processing Clerk950 AWG-75%
Mortgage Processing Manager2,970 AWG-21%
Mortgage Processor1,180 AWG-69%
Mortgage Quality Assurance Auditor2,490 AWG-34%
Mortgage Quality Assurance Manager2,890 AWG-23%
Mortgage Servicing Clerk920 AWG-76%
Mortgage Servicing Manager2,970 AWG-21%
Mortgage Underwriter1,090 AWG-71%
Online Banking Manager4,470 AWG+19%
Payment Processing Clerk920 AWG-76%
Personal Banker1,920 AWG-49%
Personal Banking Advisor 1,810 AWG-52%
Phone Banker1,190 AWG-68%
Private Banker1,900 AWG-49%
Reconciliation and Investigation Specialist2,110 AWG-44%
Teller840 AWG-78%
Trade Officer1,020 AWG-73%
Trade Product Manager2,960 AWG-21%
Trader1,250 AWG-67%
Treasury Operations Officer2,190 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
Percentage increase and decrease are relative to the previous value

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