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AML Analyst Average Salary in Montenegro 2023

How much money does an AML Analyst make in Montenegro?

Average Monthly Salary
3,930 EUR
( 47,200 EUR yearly)


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 Salary Distribution in Montenegro

Median and salary distribution monthly Montenegro AML Analyst
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The median, the maximum, the minimum, and the range

  • Salary Range

    AML Analyst salaries in Montenegro range from 1,810 EUR per month (minimum salary) to 6,250 EUR per month (maximum salary).

  • Median 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.

  • 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 2,720 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.

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 Montenegro 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 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.

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 4,940 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.

AML Analyst average salary change by experience in Montenegro

0 - 2 Years
2,050 EUR
2 - 5 Years+34%
2,740 EUR
5 - 10 Years+48%
4,050 EUR
10 - 15 Years+22%
4,940 EUR
15 - 20 Years+9%
5,380 EUR
20+ Years+8%
5,830 EUR
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 Montenegro 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 2,340 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.

AML Analyst average salary difference by education level in Montenegro

Certificate or Diploma
2,340 EUR
Bachelor's Degree+57%
3,670 EUR
Master's Degree+68%
6,160 EUR
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 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.

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 Montenegro 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 Montenegro earn 9% more than their female counterparts on average.

4,090 EUR
3,770 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Montenegro for all Careers

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

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

AML Analyst

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.

Annual Salary Increment Rate Montenegro 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.

Montenegro / 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 Montenegro is 2%.

Annual Increment Rate By Industry 2022

Information Technology

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.

Worldwide Salary Raises: All Countries and All Jobs

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AML Analyst Bonus and Incentive Rates in Montenegro

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

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
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 Montenegro

23 EUR per hour

The average hourly wage (pay per hour) in Montenegro is 23 EUR. This means that the average AML Analyst in Montenegro earns approximately 23 EUR 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 Montenegro
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The average salary for AML Analyst is 35% 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 Analyst3,930 EUR=
Assistant Bank Branch Manager3,390 EUR-14%
Assistant Bank Manager4,630 EUR+18%
ATM Manager4,080 EUR+4%
ATM Service Technician1,060 EUR-73%
Bank Accounts Analyst1,530 EUR-61%
Bank Accounts Controller1,930 EUR-51%
Bank Accounts Executive3,000 EUR-24%
Bank Accounts Manager3,280 EUR-17%
Bank Auditing Manager3,580 EUR-9%
Bank Branch Manager4,890 EUR+24%
Bank Clerk940 EUR-76%
Bank Compliance Specialist2,440 EUR-38%
Bank Manager5,520 EUR+40%
Bank Operational Risk Manager5,750 EUR+46%
Bank Operations Head5,710 EUR+45%
Bank Operations Officer2,200 EUR-44%
Bank Operations Specialist3,610 EUR-8%
Bank Process Manager3,070 EUR-22%
Bank Product Manager 3,790 EUR-4%
Bank Programme Manager3,690 EUR-6%
Bank Project Manager4,290 EUR+9%
Bank Propositions Manager4,130 EUR+5%
Bank Quantitative Analyst2,910 EUR-26%
Bank Regional Manager5,880 EUR+50%
Bank Regional Risk Officer3,000 EUR-24%
Bank Relationship Manager4,070 EUR+4%
Bank Relationship Officer1,920 EUR-51%
Banker2,020 EUR-49%
Banking Business Analyst2,980 EUR-24%
Banking Business Development Officer1,830 EUR-53%
Banking Business Planning Executive4,160 EUR+6%
Banking Product Manager3,760 EUR-4%
Banking Reference Data Manager3,330 EUR-15%
Banking Risk Analyst2,780 EUR-29%
Banking Technical Analyst1,560 EUR-60%
Bankruptcy Coordinator2,030 EUR-48%
Budget Analyst2,920 EUR-26%
Cards Marketing Manager3,610 EUR-8%
Cash Management Manager5,340 EUR+36%
Check Processing Manager3,730 EUR-5%
Commercial Vault Associate2,790 EUR-29%
Corporate Dealer3,110 EUR-21%
Credit Analyst2,310 EUR-41%
Credit and Collections Manager3,790 EUR-4%
Credit Card Fraud Investigator3,040 EUR-23%
Credit Portfolio Manager5,290 EUR+35%
Credit Risk Analyst3,160 EUR-20%
Credit Risk Associate3,180 EUR-19%
Direct Bank Sales Representative2,180 EUR-45%
Financial Bank Planning Consultant3,810 EUR-3%
Financial Banking Analysis Manager4,470 EUR+14%
Financial Banking Assistant1,370 EUR-65%
Financial Banking Systems Manager4,090 EUR+4%
Foreign Exchange Manager4,130 EUR+5%
Fraud Analyst3,150 EUR-20%
Fraud Detection Associate2,140 EUR-46%
Fraud Detection Manager4,640 EUR+18%
Fraud Detection Supervisor2,440 EUR-38%
Internal Bank Audit Manager5,560 EUR+41%
Internal Bank Auditor2,800 EUR-29%
International Banking Manager6,180 EUR+57%
Loan Analyst2,910 EUR-26%
Loan Area Manager3,410 EUR-13%
Loan Audit Team Leader3,190 EUR-19%
Loan Branch Manager3,310 EUR-16%
Loan Business Development Officer1,860 EUR-53%
Loan Clerk1,030 EUR-74%
Loan Collection Manager3,640 EUR-7%
Loan Collector980 EUR-75%
Loan Examiner1,240 EUR-68%
Loan Processing Manager3,190 EUR-19%
Loan Processor1,260 EUR-68%
Loan Quality Assurance Auditor2,960 EUR-25%
Loan Quality Assurance Manager3,440 EUR-12%
Loan Quality Assurance Representative2,170 EUR-45%
Loan Review Manager3,420 EUR-13%
Loan Team Leader2,890 EUR-26%
Mortgage Advisor2,080 EUR-47%
Mortgage Collection Manager3,310 EUR-16%
Mortgage Collector970 EUR-75%
Mortgage Credit Analyst1,480 EUR-62%
Mortgage Credit Manager3,260 EUR-17%
Mortgage Development Manager3,900 EUR-1%
Mortgage Document Reviewer1,260 EUR-68%
Mortgage Funding Manager3,900 EUR-1%
Mortgage Operations Manager5,310 EUR+35%
Mortgage Payment Processing Clerk1,110 EUR-72%
Mortgage Processing Manager3,260 EUR-17%
Mortgage Processor1,340 EUR-66%
Mortgage Quality Assurance Auditor3,000 EUR-24%
Mortgage Quality Assurance Manager3,250 EUR-17%
Mortgage Servicing Clerk980 EUR-75%
Mortgage Servicing Manager3,250 EUR-17%
Mortgage Underwriter1,270 EUR-68%
Online Banking Manager4,970 EUR+26%
Payment Processing Clerk1,060 EUR-73%
Personal Banker2,030 EUR-48%
Personal Banking Advisor 2,260 EUR-42%
Phone Banker1,470 EUR-63%
Private Banker2,040 EUR-48%
Reconciliation and Investigation Specialist2,450 EUR-38%
Teller990 EUR-75%
Trade Officer1,190 EUR-70%
Trade Product Manager3,560 EUR-9%
Trader1,410 EUR-64%
Treasury Operations Officer2,580 EUR-34%

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 Montenegro earn 25% more than their private sector counterparts on average across all sectors.

Private Sector
2,380 EUR
Public Sector+25%
2,970 EUR
Percentage increase and decrease are relative to the previous value

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