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Average Salary in Maldives 2023

How much money does a person working in Maldives make?

Average Monthly Salary
19,100 MVR
( 229,000 MVR yearly)


A person working in Maldives typically earns around 19,100 MVR per month. Salaries range from 4,840 MVR (lowest average) to 85,300 MVR (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Maldives

Median and salary distribution monthly Maldives
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The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Maldives range from 4,840 MVR per month (minimum salary) to 85,300 MVR per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 19,100 MVR per month, which means that half (50%) of the population are earning less than 19,100 MVR while the other half are earning more than 19,100 MVR. 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 the population are earning less than 10,800 MVR while 75% of them are earning more than 10,800 MVR. Also from the diagram, 75% of the population are earning less than 52,200 MVR while 25% are earning more than 52,200 MVR.

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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.

Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.

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 Maldives costs anywhere from 95,600 Rufiyaa(s) to 287,000 Rufiyaa(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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Salary Comparison By Gender

Salary comparison by gender monthly Maldives
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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 employees in Maldives earn 6% more than their female counterparts on avergae across all sectors.

19,600 MVR
18,500 MVR
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Maldives

How much are annual salary increments in Maldives? How often do employees get salary raises?


Employees in Maldives are likely to observe a salary increase of approximately 4% every 29 months.

Annual Salary Increment Rate Maldives
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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.

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 Maldives is 2%.

Annual Increment Rate By Industry 2022

Information Technology

Listed above are the average annual increase rates for each industry in Maldives 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.

Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

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Bonus and Incentive Rates in Maldives

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Maldives
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65% of surveyed staff in Maldives reported that they haven't received any bonuses or incentives in the previous year while 35% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% 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.

Bonus Rates Comparison by Career Field

Business Development
Marketing / Advertising
Information Technology
Customer Service
Human Resources

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.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant13,200 MVR
Accounting Assistant10,600 MVR
Accounting Manager28,400 MVR
Bookkeeper9,060 MVR
Chartered Accountant17,300 MVR
Corporate Treasurer27,400 MVR
Financial Analyst23,500 MVR
Financial Manager37,000 MVR
Internal Auditor19,100 MVR

Administration / Reception / Secretarial
Administrative Assistant9,670 MVR
Office Manager16,100 MVR
Receptionist7,340 MVR
Secretary8,530 MVR

Advertising / Grapic Design / Events
Art Director18,200 MVR
Creative Director18,500 MVR
Graphic Designer12,500 MVR
Photographer10,600 MVR

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer24,000 MVR
Air Traffic Controller21,200 MVR
Flight Attendant13,000 MVR
Pilot34,400 MVR

Architect23,600 MVR
CAD Drafter10,300 MVR

Mechanic7,460 MVR
Service Advisor13,200 MVR

Bank Branch Manager33,300 MVR
Teller6,930 MVR

Teacher14,200 MVR
Translator17,300 MVR

Business Planning
Business Analyst24,300 MVR
Business Development Manager29,500 MVR
Project Manager20,800 MVR

Care Giving and Child Care
Nanny8,120 MVR
Nursery Teacher6,970 MVR

Construction / Building / Installation
Civil Engineer17,400 MVR
Construction Project Manager32,200 MVR
Health and Safety Officer8,610 MVR

Customer Service and Call Center
Call Center Representative7,410 MVR
Customer Service Manager26,100 MVR
Customer Service Representative7,480 MVR

Electrical Engineer18,500 MVR
Engineer18,900 MVR
Mechanical Engineer18,400 MVR

Executive and Management
Chief Executive Officer44,800 MVR
Chief Financial Officer39,500 MVR
General Manager33,900 MVR

Food / Hospitality / Tourism / Catering
Chef12,500 MVR
Executive Chef13,900 MVR
Hotel Manager35,000 MVR
Travel Agent12,700 MVR
Waiter / Waitress5,950 MVR

Health and Medical
Dentist45,600 MVR
Dietitian38,000 MVR
Laboratory Technician14,600 MVR
Nurse14,600 MVR

Human Resources
Human Resources Manager29,900 MVR
Human Resources Officer11,100 MVR

Information Technology
Computer Technician14,300 MVR
Database Administrator18,200 MVR
Developer / Programmer19,300 MVR
Information Technology Manager33,400 MVR
Network Engineer16,600 MVR

Law Enforcement / Security / Fire
Police Officer11,300 MVR

Attorney35,900 MVR
Legal Assistant9,990 MVR

Media / Broadcasting / Arts / Entertainment
Journalist22,200 MVR

Pharmaceutical and Biotechnology
Biomedical Engineer16,300 MVR
Pharmacist25,500 MVR

Sales Retail and Wholesale
Cashier7,170 MVR
Sales Manager34,800 MVR
Sales Representative12,300 MVR

Teaching / Education
Elementary School Teacher13,600 MVR
Secondary School Teacher15,400 MVR

Average Hourly Wage in Maldives

110 MVR per hour

The average hourly wage (pay per hour) in Maldives is 110 MVR. This means that the average person in Maldives earns approximately 110 MVR 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.

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 Maldives earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
18,400 MVR
Public Sector+7%
19,700 MVR
Percentage increase and decrease are relative to the previous value

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