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Laboratory Technician Average Salary in Maldives 2021

How much money does a Laboratory Technician make in Maldives?


Average Monthly Salary
14,600 MVR
( 175,000 MVR yearly)

LOW
7,730
MVR
AVERAGE
14,600
MVR
HIGH
22,200
MVR

A person working as a Laboratory Technician in Maldives typically earns around 14,600 MVR per month. Salaries range from 7,730 MVR (lowest) to 22,200 MVR (highest).

This is the average monthly salary including housing, transport, and other benefits. Laboratory Technician salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Laboratory Technician Salary Distribution in Maldives

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

  • Salary Range

    Laboratory Technician salaries in Maldives range from 7,730 MVR per month (minimum salary) to 22,200 MVR per month (maximum salary).

  • Median Salary

    The median salary is 13,700 MVR per month, which means that half (50%) of people working as Laboratory Technician(s) are earning less than 13,700 MVR while the other half are earning more than 13,700 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 Laboratory Technician(s) are earning less than 9,650 MVR while 75% of them are earning more than 9,650 MVR. Also from the diagram, 75% of Laboratory Technician(s) are earning less than 16,900 MVR while 25% are earning more than 16,900 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

Laboratory Technician Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Maldives Laboratory Technician
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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 Laboratory Technician salaries by experience level and this is what we found.

A Laboratory Technician with less than two years of experience makes approximately 8,890 MVR per month.

While someone with an experience level between two and five years is expected to earn 10,900 MVR per month, 23% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 15,500 MVR per month, 42% 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, Laboratory Technician(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 18,100 MVR per month, 17% 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 19,900 MVR per month, 10% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 21,000 MVR per month, 6% more than people with fifteen to twenty years of experience.


Laboratory Technician average salary change by experience in Maldives

0 - 2 Years
8,890 MVR
2 - 5 Years+23%
10,900 MVR
5 - 10 Years+42%
15,500 MVR
10 - 15 Years+17%
18,100 MVR
15 - 20 Years+10%
19,900 MVR
20+ Years+6%
21,000 MVR
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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Laboratory Technician Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Laboratory Technician(s) who have the same experience but different education levels.

Salary comparison by education level monthly Maldives Laboratory Technician
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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 Laboratory Technician salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of a Laboratory Technician is 10,000 MVR per month.

While someone with a Master's Degree gets a salary of 19,400 MVR per month, 93% more than someone having a Bachelor's Degree degree.


Laboratory Technician average salary difference by education level in Maldives

Bachelor's Degree
10,000 MVR
Master's Degree+93%
19,400 MVR
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 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 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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Laboratory Technician Salary Comparison By Gender

Salary comparison by gender monthly Maldives Laboratory Technician
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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 Laboratory Technician employees in Maldives earn 13% more than their female counterparts on average.

Male
15,300 MVR
Female-11%
13,500 MVR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Maldives for all Careers

Salary comparison by gender monthly Maldives
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Laboratory Technician Average Annual Salary Increment Percentage in Maldives

How much are annual salary increments in Maldives for Laboratory Technician(s)? How often do employees get salary raises?

Laboratory Technician

Laboratory Technician(s) in Maldives are likely to observe a salary increase of approximately 5% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Maldives Laboratory Technician
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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.

Maldives / 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 Maldives is 2%.

Annual Increment Rate By Industry 2020

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Listed above are the average annual increase rates for each industry in Maldives for the year 2020. 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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Laboratory Technician Bonus and Incentive Rates in Maldives

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Maldives Laboratory Technician
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A Laboratory Technician is considered to be a low 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.

91% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 9% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
9%
No Bonus
91%

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.

Example:
A graphics designer working for a graphics designing company.

Example:
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.

Laboratory Technician Average Hourly Wage in Maldives


84 MVR per hour

The average hourly wage (pay per hour) in Maldives is 84 MVR. This means that the average Laboratory Technician in Maldives earns approximately 84 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.

Laboratory Technician VS Other Jobs

Salary Comparison Between Laboratory Technician and Health and Medical monthly Maldives
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The average salary for Laboratory Technician is 39% less than that of Healthcare Technical. Also, Healthcare Technical salaries are 17% less than those of Health and Medical.

Salary comparison with similar jobs

Job TitleAverage Salary
Academic Clinician38,900 MVR+170%
Admitting Officer13,600 MVR-7%
Ambulance Dispatcher14,800 MVR+1%
Ambulance Driver14,000 MVR-4%
Ambulance Officer and Paramedic16,200 MVR+11%
Ambulatory Services Director28,000 MVR+92%
Anatomic Pathology Supervisor32,600 MVR+120%
Anesthesia Technician20,800 MVR+43%
Anesthesiologist62,200 MVR+330%
Anesthesiology Assistant21,400 MVR+47%
Assistant Optometrist16,700 MVR+14%
Audiologist34,000 MVR+130%
Biomedical Engineering Director27,400 MVR+88%
Biomedical Engineering Technician13,400 MVR-8%
Cardiac Technician13,400 MVR-8%
Cardiovascular Specialist77,500 MVR+430%
Cardiovascular Technologist27,400 MVR+88%
Central Sterile Processing Technician15,700 MVR+8%
Charge Entry Specialist17,800 MVR+22%
Clinical Application Specialist18,100 MVR+24%
Clinical Biochemist34,100 MVR+130%
Clinical Cytogeneticist27,100 MVR+86%
Clinical Data Reviewer18,700 MVR+28%
Clinical Development Specialist21,700 MVR+49%
Clinical Field Associate18,000 MVR+23%
Clinical Genetic Technologist29,300 MVR+100%
Clinical Microbiologist36,800 MVR+150%
Clinical Molecular Geneticist31,700 MVR+120%
Clinical Neuropsychologist37,900 MVR+160%
Clinical Research Coordinator20,900 MVR+43%
Clinical Scientist40,100 MVR+170%
CME Specialist30,900 MVR+110%
CT Technologist17,700 MVR+21%
Cytogenetic Technologist27,200 MVR+86%
Diagnostic Medical Sonographer20,900 MVR+43%
Dispensing Optician17,000 MVR+17%
Dosimetrist25,100 MVR+72%
EKG Technician17,600 MVR+21%
Endoscopic Assistant15,700 MVR+8%
Endoscopy Technician15,800 MVR+8%
Enterostomal Therapist23,700 MVR+62%
Epidemiologist32,700 MVR+120%
FGP Ultrasound Techncian15,900 MVR+9%
Health Systems Specialist21,600 MVR+48%
Health Technologist25,000 MVR+71%
Healthcare Data Analyst18,300 MVR+25%
Hearing Aid Specialist19,900 MVR+36%
Histotechnologist24,600 MVR+69%
Immunologist34,300 MVR+140%
Industrial Hygienist25,000 MVR+71%
Infection Control Coordinator18,800 MVR+29%
Infection Control Practitioner38,000 MVR+160%
Infection Preventionist28,100 MVR+93%
Informatics Practice Specialist21,100 MVR+45%
Interventional Radiographer29,000 MVR+99%
Lab Assistant14,300 MVR-2%
Laboratory Manager26,900 MVR+84%
Laboratory Technician14,600 MVR+0%
Low Vision Therapist34,300 MVR+140%
Mammography Technician14,300 MVR-2%
Medical Coder12,700 MVR-13%
Medical Courier10,300 MVR-29%
Medical Equipment Preparer15,900 MVR+9%
Medical Forms Designer12,200 MVR-16%
Medical Technologist16,300 MVR+12%
MRI Technologist15,200 MVR+4%
Music Therapist21,100 MVR+45%
Neonatologist41,300 MVR+180%
Neurodiagnostic Techncian15,900 MVR+9%
Neuropsychology Testing Assistant14,100 MVR-3%
Nuclear Medical Technician21,800 MVR+49%
Nuclear Medicine Technolgoist22,100 MVR+52%
Nutrition Assistant15,500 MVR+6%
Occupaitional Therapy Assistant15,200 MVR+4%
Operating Room Scheduler13,500 MVR-7%
Operating Room Services Director43,200 MVR+200%
Ophthalmic Assistant16,700 MVR+14%
Ophthalmic Laboratory Technician15,600 MVR+7%
Optician33,600 MVR+130%
Orthopedic Technician16,600 MVR+14%
Orthoptist45,400 MVR+210%
Orthotist42,400 MVR+190%
Pathology Assistant14,500 MVR-1%
Perfusionist49,800 MVR+240%
Phlebotomist11,300 MVR-23%
Pre Authorization Case Manager23,100 MVR+58%
Prosthetist37,700 MVR+160%
Radiation Therapist52,400 MVR+260%
Radiation Therapy Technologist20,900 MVR+43%
Radiographer33,400 MVR+130%
Radiography Technologist21,500 MVR+47%
Radiologic Technologist21,000 MVR+44%
Radiology Technologist21,700 MVR+49%
Respiratory Care Practitioner40,300 MVR+180%
Respiratory Therapist29,700 MVR+100%
Respiratory Therapy Technician18,300 MVR+25%
Sonographer22,500 MVR+54%
Sonography Technologist20,900 MVR+43%
Speech and Language Pathologist33,100 MVR+130%
Ultrasonographer18,000 MVR+23%
Ultrasound Technologist17,500 MVR+20%
Vascular Technologist15,400 MVR+6%
X-Ray Technologist21,800 MVR+49%

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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