A person working as an AML Analyst in Montenegro typically earns around 3,930 EUR per month. Salaries range from 1,810 EUR (lowest) to 6,250 EUR (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 salaries in Montenegro range from 1,810 EUR per month (minimum salary) to 6,250 EUR per month (maximum salary).
The median salary is 4,250 EUR per month, which means that half (50%) of people working as AML Analyst(s) are earning less than 4,250 EUR while the other half are earning more than 4,250 EUR. 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.
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 2,720 EUR while 75% of them are earning more than 2,720 EUR. Also from the diagram, 75% of AML Analyst(s) are earning less than 5,670 EUR while 25% are earning more than 5,670 EUR.
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
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 2,050 EUR per month.
While someone with an experience level between two and five years is expected to earn 2,740 EUR 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 4,050 EUR 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 4,940 EUR 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 5,380 EUR 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 5,830 EUR per month, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+48%|
|10 - 15 Years||+22%|
|15 - 20 Years||+9%|
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 2,340 EUR per month.
While someone with a Bachelor's Degree gets a salary of 3,670 EUR per month, 57% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 6,160 EUR per month, 68% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Montenegro costs anywhere from 13,400 Euro(s) to 40,100 Euro(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.
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 Montenegro earn 9% more than their female counterparts on average.
AML Analyst(s) in Montenegro 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.
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.
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
Listed above are the average annual increase rates for each industry in Montenegro 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.
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.
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.
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.
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.
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.
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.
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.
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.
The average salary for AML Analyst is 35% more than that of Banking. Also, Banking salaries are 9% more than those of All Jobs.
|Job Title||Average Salary|
|AML Analyst||3,930 EUR||=|
|Assistant Bank Branch Manager||3,390 EUR||-14%|
|Assistant Bank Manager||4,630 EUR||+18%|
|ATM Manager||4,080 EUR||+4%|
|ATM Service Technician||1,060 EUR||-73%|
|Bank Accounts Analyst||1,530 EUR||-61%|
|Bank Accounts Controller||1,930 EUR||-51%|
|Bank Accounts Executive||3,000 EUR||-24%|
|Bank Accounts Manager||3,280 EUR||-17%|
|Bank Auditing Manager||3,580 EUR||-9%|
|Bank Branch Manager||4,890 EUR||+24%|
|Bank Clerk||940 EUR||-76%|
|Bank Compliance Specialist||2,440 EUR||-38%|
|Bank Manager||5,520 EUR||+40%|
|Bank Operational Risk Manager||5,750 EUR||+46%|
|Bank Operations Head||5,710 EUR||+45%|
|Bank Operations Officer||2,200 EUR||-44%|
|Bank Operations Specialist||3,610 EUR||-8%|
|Bank Process Manager||3,070 EUR||-22%|
|Bank Product Manager||3,790 EUR||-4%|
|Bank Programme Manager||3,690 EUR||-6%|
|Bank Project Manager||4,290 EUR||+9%|
|Bank Propositions Manager||4,130 EUR||+5%|
|Bank Quantitative Analyst||2,910 EUR||-26%|
|Bank Regional Manager||5,880 EUR||+50%|
|Bank Regional Risk Officer||3,000 EUR||-24%|
|Bank Relationship Manager||4,070 EUR||+4%|
|Bank Relationship Officer||1,920 EUR||-51%|
|Banking Business Analyst||2,980 EUR||-24%|
|Banking Business Development Officer||1,830 EUR||-53%|
|Banking Business Planning Executive||4,160 EUR||+6%|
|Banking Product Manager||3,760 EUR||-4%|
|Banking Reference Data Manager||3,330 EUR||-15%|
|Banking Risk Analyst||2,780 EUR||-29%|
|Banking Technical Analyst||1,560 EUR||-60%|
|Bankruptcy Coordinator||2,030 EUR||-48%|
|Budget Analyst||2,920 EUR||-26%|
|Cards Marketing Manager||3,610 EUR||-8%|
|Cash Management Manager||5,340 EUR||+36%|
|Check Processing Manager||3,730 EUR||-5%|
|Commercial Vault Associate||2,790 EUR||-29%|
|Corporate Dealer||3,110 EUR||-21%|
|Credit Analyst||2,310 EUR||-41%|
|Credit and Collections Manager||3,790 EUR||-4%|
|Credit Card Fraud Investigator||3,040 EUR||-23%|
|Credit Portfolio Manager||5,290 EUR||+35%|
|Credit Risk Analyst||3,160 EUR||-20%|
|Credit Risk Associate||3,180 EUR||-19%|
|Direct Bank Sales Representative||2,180 EUR||-45%|
|Financial Bank Planning Consultant||3,810 EUR||-3%|
|Financial Banking Analysis Manager||4,470 EUR||+14%|
|Financial Banking Assistant||1,370 EUR||-65%|
|Financial Banking Systems Manager||4,090 EUR||+4%|
|Foreign Exchange Manager||4,130 EUR||+5%|
|Fraud Analyst||3,150 EUR||-20%|
|Fraud Detection Associate||2,140 EUR||-46%|
|Fraud Detection Manager||4,640 EUR||+18%|
|Fraud Detection Supervisor||2,440 EUR||-38%|
|Internal Bank Audit Manager||5,560 EUR||+41%|
|Internal Bank Auditor||2,800 EUR||-29%|
|International Banking Manager||6,180 EUR||+57%|
|Loan Analyst||2,910 EUR||-26%|
|Loan Area Manager||3,410 EUR||-13%|
|Loan Audit Team Leader||3,190 EUR||-19%|
|Loan Branch Manager||3,310 EUR||-16%|
|Loan Business Development Officer||1,860 EUR||-53%|
|Loan Clerk||1,030 EUR||-74%|
|Loan Collection Manager||3,640 EUR||-7%|
|Loan Collector||980 EUR||-75%|
|Loan Examiner||1,240 EUR||-68%|
|Loan Processing Manager||3,190 EUR||-19%|
|Loan Processor||1,260 EUR||-68%|
|Loan Quality Assurance Auditor||2,960 EUR||-25%|
|Loan Quality Assurance Manager||3,440 EUR||-12%|
|Loan Quality Assurance Representative||2,170 EUR||-45%|
|Loan Review Manager||3,420 EUR||-13%|
|Loan Team Leader||2,890 EUR||-26%|
|Mortgage Advisor||2,080 EUR||-47%|
|Mortgage Collection Manager||3,310 EUR||-16%|
|Mortgage Collector||970 EUR||-75%|
|Mortgage Credit Analyst||1,480 EUR||-62%|
|Mortgage Credit Manager||3,260 EUR||-17%|
|Mortgage Development Manager||3,900 EUR||-1%|
|Mortgage Document Reviewer||1,260 EUR||-68%|
|Mortgage Funding Manager||3,900 EUR||-1%|
|Mortgage Operations Manager||5,310 EUR||+35%|
|Mortgage Payment Processing Clerk||1,110 EUR||-72%|
|Mortgage Processing Manager||3,260 EUR||-17%|
|Mortgage Processor||1,340 EUR||-66%|
|Mortgage Quality Assurance Auditor||3,000 EUR||-24%|
|Mortgage Quality Assurance Manager||3,250 EUR||-17%|
|Mortgage Servicing Clerk||980 EUR||-75%|
|Mortgage Servicing Manager||3,250 EUR||-17%|
|Mortgage Underwriter||1,270 EUR||-68%|
|Online Banking Manager||4,970 EUR||+26%|
|Payment Processing Clerk||1,060 EUR||-73%|
|Personal Banker||2,030 EUR||-48%|
|Personal Banking Advisor||2,260 EUR||-42%|
|Phone Banker||1,470 EUR||-63%|
|Private Banker||2,040 EUR||-48%|
|Reconciliation and Investigation Specialist||2,450 EUR||-38%|
|Trade Officer||1,190 EUR||-70%|
|Trade Product Manager||3,560 EUR||-9%|
|Treasury Operations Officer||2,580 EUR||-34%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Montenegro earn 25% more than their private sector counterparts on average across all sectors.
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