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AML Analyst Average Salary in Mali 2023

How much money does a person working as AML Analyst make in Mali?


Average Monthly Salary
495,000 XOF
( 5,950,000 XOF yearly)

LOW
228,000
XOF
AVERAGE
495,000
XOF
HIGH
788,000
XOF

A person working as AML Analyst in Mali typically earns around 495,000 XOF per month. Salaries range from 228,000 XOF (lowest) to 788,000 XOF (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 Pay Scale and Salaries in Mali

Median and salary distribution Mali AML Analyst monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
470,000 XOF or more
10% of people earn
412,000 to 470,000 XOF
20% of people earn
284,000 XOF or less
65% of people earn
284,000 to 412,000 XOF
Minimum Salary
228,000 XOF
Median
474,000 XOF
Maximum
788,000 XOF


Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

  • Salary Range, Minimum Wage, and Starting Salary

    AML Analyst salaries in Mali range from 228,000 XOF per month (starting salary) to 788,000 XOF per month (maximum salary). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.

  • Median Salary

    The median salary is 474,000 XOF per month, which means that half (50%) of people working as AML Analyst(s) are earning less than 474,000 XOF while the other half are earning more than 474,000 XOF. 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 and Salary Scale

    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 382,000 XOF while 75% of them are earning more than 382,000 XOF. Also from the diagram, 75% of AML Analyst(s) are earning less than 546,000 XOF while 25% are earning more than 546,000 XOF.

  • Pay Scale Structure

    We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 284,000 XOF to 412,000 XOF. Approximatly 20% fall under the 284,000 XOF cap. Ten percent of wages are from 412,000 XOF to 470,000 XOF. Only 5% of people grossed 470,000 XOF or more.

AML Analyst Salary Comparison by Years of Experience

How does experience and age affect your pay?

AML Analyst average salary change by experience in Mali

0 - 2 Years
259,000 XOF
2 - 5 Years+34%
345,000 XOF
5 - 10 Years+48%
511,000 XOF
10 - 15 Years+22%
623,000 XOF
15 - 20 Years+9%
679,000 XOF
20+ Years+8%
735,000 XOF
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Mali 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.

Employees with less than two years of experience makes approximately 259,000 XOF per month.

While someone with an experience level between two and five years is expected to earn 345,000 XOF 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 511,000 XOF 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 whose expertise span anywhere between ten and fifteen years get a salary equivalent to 623,000 XOF 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 679,000 XOF 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 735,000 XOF per month, 8% more than people with fifteen to twenty years of experience.


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.

AML Analyst average salary difference by education level in Mali

Certificate or Diploma
295,000 XOF
Bachelor's Degree+57%
463,000 XOF
Master's Degree+68%
777,000 XOF
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Mali 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 is 295,000 XOF per month.

While someone with a Bachelor's Degree gets a salary of 463,000 XOF per month, 57% more than someone having a Certificate or Diploma degree.

People with Master's Degree have an average salary of 777,000 XOF per month, 68% more than someone with a Bachelor's Degree.


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 Mali costs anywhere from 1,650,000 CFA Franc BCEAO(s) to 4,950,000 CFA Franc BCEAO(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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Salary and Compensation Comparison By Gender - AML Analyst

Salary comparison by gender Mali AML Analyst monthly
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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 Mali earn 24% more than their female counterparts on average.

Male
548,000 XOF
Female-19%
443,000 XOF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Mali for all Careers

Salary comparison by gender monthly Mali
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AML Analyst Average Annual Salary Increment Percentage in Mali

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

AML Analyst

AML Analyst(s) in Mali are likely to observe a salary increase of approximately 9% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Mali 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.

Mali / All Professions

Annual Salary Increment Rate Mali
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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 Mali is 2%.

Annual Increment Rate By Industry 2022

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

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

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

AML Analyst Bonus and Incentive Rates in Mali

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Mali AML Analyst
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"AML Analyst" is considered to be a high bonus-based job. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

33% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 67% 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
67%
No Bonus
33%

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.

AML Analyst Salary Trend and Forecast in Mali

How are AML Analyst salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Average Salary 2019
428,000 XOF
Average Salary 2020+4%
444,000 XOF
Average Salary 2021+4%
461,000 XOF
Average Salary 2022+4%
478,000 XOF
Percentage increase and decrease are relative to the previous value

AML Analyst salaries in Mali are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 4% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.

Salary trends and forecast monthly Mali AML Analyst
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AML Analyst Average Hourly Wage in Mali


2,860 XOF per hour

The average hourly wage (pay per hour) in Mali is 2,860 XOF. This means that the average AML Analyst in Mali earns approximately 2,860 XOF for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

About The Hourly Pay Rate

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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for 'AML Analyst' in Mali is 1,310 XOF. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

AML Analyst VS Other Jobs

495,000 XOF
359,000 XOF
330,000 XOF
Average Salary
AML Analyst
Average Salary
Banking
Average Salary
All Jobs

The average salary for AML Analyst is 38% more than that of Banking. Also, Banking salaries are 9% more than those of All Jobs.

Salary Comparison Between AML Analyst and Banking monthly Mali
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Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst495,000 XOF-0%
Assistant Bank Branch Manager434,000 XOF-12%
Assistant Bank Manager577,000 XOF+16%
ATM Manager503,000 XOF+2%
ATM Service Technician129,000 XOF-74%
Bank Accounts Analyst204,000 XOF-59%
Bank Accounts Controller250,000 XOF-50%
Bank Accounts Executive382,000 XOF-23%
Bank Accounts Manager414,000 XOF-16%
Bank Auditing Manager431,000 XOF-13%
Bank Branch Manager572,000 XOF+15%
Bank Clerk112,000 XOF-77%
Bank Compliance Specialist318,000 XOF-36%
Bank Manager671,000 XOF+35%
Bank Operational Risk Manager696,000 XOF+40%
Bank Operations Head711,000 XOF+44%
Bank Operations Officer293,000 XOF-41%
Bank Operations Specialist433,000 XOF-13%
Bank Process Manager399,000 XOF-19%
Bank Product Manager 467,000 XOF-6%
Bank Programme Manager473,000 XOF-5%
Bank Project Manager537,000 XOF+8%
Bank Propositions Manager488,000 XOF-1%
Bank Quantitative Analyst346,000 XOF-30%
Bank Regional Manager743,000 XOF+50%
Bank Regional Risk Officer386,000 XOF-22%
Bank Relationship Manager508,000 XOF+3%
Bank Relationship Officer239,000 XOF-52%
Banker258,000 XOF-48%
Banking Business Analyst372,000 XOF-25%
Banking Business Development Officer226,000 XOF-54%
Banking Business Planning Executive509,000 XOF+3%
Banking Product Manager456,000 XOF-8%
Banking Reference Data Manager410,000 XOF-17%
Banking Risk Analyst353,000 XOF-29%
Banking Technical Analyst194,000 XOF-61%
Bankruptcy Coordinator266,000 XOF-46%
Budget Analyst369,000 XOF-26%
Cards Marketing Manager481,000 XOF-3%
Cash Management Manager651,000 XOF+31%
Check Processing Manager497,000 XOF+0%
Commercial Vault Associate366,000 XOF-26%
Corporate Dealer367,000 XOF-26%
Credit Analyst297,000 XOF-40%
Credit and Collections Manager482,000 XOF-3%
Credit Card Fraud Investigator381,000 XOF-23%
Credit Portfolio Manager684,000 XOF+38%
Credit Risk Analyst404,000 XOF-18%
Credit Risk Associate408,000 XOF-18%
Direct Bank Sales Representative270,000 XOF-46%
Financial Bank Planning Consultant490,000 XOF-1%
Financial Banking Analysis Manager541,000 XOF+9%
Financial Banking Assistant181,000 XOF-63%
Financial Banking Systems Manager483,000 XOF-3%
Foreign Exchange Manager534,000 XOF+8%
Fraud Analyst402,000 XOF-19%
Fraud Detection Associate273,000 XOF-45%
Fraud Detection Manager544,000 XOF+10%
Fraud Detection Supervisor308,000 XOF-38%
Internal Bank Audit Manager685,000 XOF+38%
Internal Bank Auditor340,000 XOF-31%
International Banking Manager743,000 XOF+50%
Loan Analyst365,000 XOF-26%
Loan Area Manager433,000 XOF-13%
Loan Audit Team Leader406,000 XOF-18%
Loan Branch Manager415,000 XOF-16%
Loan Business Development Officer231,000 XOF-53%
Loan Clerk126,000 XOF-75%
Loan Collection Manager441,000 XOF-11%
Loan Collector116,000 XOF-77%
Loan Examiner160,000 XOF-68%
Loan Processing Manager407,000 XOF-18%
Loan Processor159,000 XOF-68%
Loan Quality Assurance Auditor369,000 XOF-26%
Loan Quality Assurance Manager423,000 XOF-15%
Loan Quality Assurance Representative263,000 XOF-47%
Loan Review Manager411,000 XOF-17%
Loan Team Leader379,000 XOF-24%
Mortgage Advisor243,000 XOF-51%
Mortgage Collection Manager424,000 XOF-14%
Mortgage Collector122,000 XOF-75%
Mortgage Credit Analyst185,000 XOF-63%
Mortgage Credit Manager403,000 XOF-19%
Mortgage Development Manager477,000 XOF-4%
Mortgage Document Reviewer167,000 XOF-66%
Mortgage Funding Manager465,000 XOF-6%
Mortgage Operations Manager659,000 XOF+33%
Mortgage Payment Processing Clerk136,000 XOF-73%
Mortgage Processing Manager424,000 XOF-14%
Mortgage Processor172,000 XOF-65%
Mortgage Quality Assurance Auditor363,000 XOF-27%
Mortgage Quality Assurance Manager429,000 XOF-13%
Mortgage Servicing Clerk124,000 XOF-75%
Mortgage Servicing Manager407,000 XOF-18%
Mortgage Underwriter150,000 XOF-70%
Online Banking Manager652,000 XOF+32%
Payment Processing Clerk124,000 XOF-75%
Personal Banker258,000 XOF-48%
Personal Banking Advisor 280,000 XOF-43%
Phone Banker181,000 XOF-63%
Private Banker261,000 XOF-47%
Reconciliation and Investigation Specialist290,000 XOF-41%
Teller123,000 XOF-75%
Trade Officer146,000 XOF-71%
Trade Product Manager431,000 XOF-13%
Trader186,000 XOF-62%
Treasury Operations Officer319,000 XOF-36%

Salary Comparison By City

CityAverage Salary
Bamako546,000 XOF

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 Mali earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
304,000 XOF
Public Sector+14%
346,000 XOF
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for AML Analyst in Mali?

A good and competitive compensation would range anywhere between 474,000 XOF and 546,000 XOF. This is a very rough estimate and your experience and education will play a very huge part into your final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salart after tax for every career.

Base / Basic Salary

The base salary for AML Analyst in Mali is ranges from 382,000 XOF to 546,000 XOF. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range in a grain of salt.


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


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