AML Analyst Average Salary in Norway 2023
How much money does an AML Analyst make in Norway?
LOW
423,000
NOK AVERAGE
920,000
NOK HIGH
1,460,000
NOK
A person working as an AML Analyst in Norway typically earns around 920,000 NOK per year. Salaries range from 423,000 NOK (lowest) to 1,460,000 NOK (highest).
This is the average yearly 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 Norway
The median, the maximum, the minimum, and the range
Salary Range
AML Analyst salaries in Norway range from 423,000 NOK per year (minimum salary) to 1,460,000 NOK per year (maximum salary).
Median Salary
The median salary is 993,000 NOK per year, which means that half (50%) of people working as AML Analyst(s) are earning less than 993,000 NOK while the other half are earning more than 993,000 NOK. 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 637,000 NOK while 75% of them are earning more than 637,000 NOK. Also from the diagram, 75% of AML Analyst(s) are earning less than 1,330,000 NOK while 25% are earning more than 1,330,000 NOK.
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?
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 480,000 NOK per year.
While someone with an experience level between two and five years is expected to earn 641,000 NOK per year, 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 948,000 NOK per year, 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 1,160,000 NOK per year, 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 1,260,000 NOK per year, 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 1,360,000 NOK per year, 8% more than people with fifteen to twenty years of experience.
AML Analyst average salary change by experience in Norway
| 0 - 2 Years | 480,000 NOK | |
| 2 - 5 Years | +34% | 641,000 NOK |
| 5 - 10 Years | +48% | 948,000 NOK |
| 10 - 15 Years | +22% | 1,160,000 NOK |
| 15 - 20 Years | +9% | 1,260,000 NOK |
| 20+ Years | +8% | 1,360,000 NOK |
Typical Salary Progress for Most Careers
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.
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 548,000 NOK per year.
While someone with a Bachelor's Degree gets a salary of 859,000 NOK per year, 57% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 1,440,000 NOK per year, 68% more than someone with a Bachelor's Degree.
AML Analyst average salary difference by education level in Norway
| Certificate or Diploma | 548,000 NOK | |
| Bachelor's Degree | +57% | 859,000 NOK |
| Master's Degree | +68% | 1,440,000 NOK |
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 Norway costs anywhere from 255,000 Norwegian Krone(s) to 765,000 Norwegian Krone(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
AML Analyst Salary Comparison By Gender
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 Norway earn 4% more than their female counterparts on average.
| Male | 938,000 NOK | |
| Female | -4% | 901,000 NOK |
Salary Comparison By Gender in Norway for all Careers
AML Analyst Average Annual Salary Increment Percentage in Norway
How much are annual salary increments in Norway for AML Analyst(s)? How often do employees get salary raises?
AML Analyst
AML Analyst(s) in Norway are likely to observe a salary increase of approximately 13% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
Norway / 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
Annual Increment Rate By Industry 2022
| Banking | 9% | |
| Energy | 9% | |
| Information Technology | 9% | |
| Healthcare | 9% | |
| Travel | 9% | |
| Construction | 9% | |
| Education | 9% |
Listed above are the average annual increase rates for each industry in Norway 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
AML Analyst Bonus and Incentive Rates in Norway
How much and how often are bonuses being awarded?
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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.
14% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 86% 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 | 86% | |
| No Bonus | 14% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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 Norway
440 NOK per hourThe average hourly wage (pay per hour) in Norway is 440 NOK. This means that the average AML Analyst in Norway earns approximately 440 NOK for every worked hour.
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
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 with similar jobs
| Job Title | Average Salary |
| AML Analyst | 920,000 NOK |  +0% |
| Assistant Bank Branch Manager | 813,000 NOK |  -12% |
| Assistant Bank Manager | 996,000 NOK | +8% |
| ATM Manager | 896,000 NOK | -3% |
| ATM Service Technician | 238,000 NOK | -74% |
| Bank Accounts Analyst | 346,000 NOK | -62% |
| Bank Accounts Controller | 436,000 NOK | -53% |
| Bank Accounts Executive | 688,000 NOK | -25% |
| Bank Accounts Manager | 768,000 NOK | -16% |
| Bank Auditing Manager | 814,000 NOK | -11% |
| Bank Branch Manager | 1,040,000 NOK | +13% |
| Bank Clerk | 207,000 NOK | -77% |
| Bank Compliance Specialist | 544,000 NOK | -41% |
| Bank Manager | 1,300,000 NOK | +41% |
| Bank Operational Risk Manager | 1,290,000 NOK | +40% |
| Bank Operations Head | 1,290,000 NOK | +40% |
| Bank Operations Officer | 497,000 NOK | -46% |
| Bank Operations Specialist | 780,000 NOK | -15% |
| Bank Process Manager | 683,000 NOK | -26% |
| Bank Product Manager | 791,000 NOK | -14% |
| Bank Programme Manager | 886,000 NOK | -4% |
| Bank Project Manager | 1,020,000 NOK | +11% |
| Bank Propositions Manager | 914,000 NOK | -1% |
| Bank Quantitative Analyst | 668,000 NOK | -27% |
| Bank Regional Manager | 1,360,000 NOK | +48% |
| Bank Regional Risk Officer | 681,000 NOK | -26% |
| Bank Relationship Manager | 963,000 NOK | +5% |
| Bank Relationship Officer | 434,000 NOK | -53% |
| Banker | 441,000 NOK | -52% |
| Banking Business Analyst | 670,000 NOK | -27% |
| Banking Business Development Officer | 419,000 NOK | -54% |
| Banking Business Planning Executive | 917,000 NOK | -0% |
| Banking Product Manager | 845,000 NOK | -8% |
| Banking Reference Data Manager | 732,000 NOK | -20% |
| Banking Risk Analyst | 642,000 NOK | -30% |
| Banking Technical Analyst | 335,000 NOK | -64% |
| Bankruptcy Coordinator | 446,000 NOK | -51% |
| Budget Analyst | 645,000 NOK | -30% |
| Cards Marketing Manager | 816,000 NOK | -11% |
| Cash Management Manager | 1,130,000 NOK | +23% |
| Check Processing Manager | 886,000 NOK | -4% |
| Commercial Vault Associate | 614,000 NOK | -33% |
| Corporate Dealer | 654,000 NOK | -29% |
| Credit Analyst | 524,000 NOK | -43% |
| Credit and Collections Manager | 877,000 NOK | -5% |
| Credit Card Fraud Investigator | 714,000 NOK | -22% |
| Credit Portfolio Manager | 1,260,000 NOK | +37% |
| Credit Risk Analyst | 757,000 NOK | -18% |
| Credit Risk Associate | 720,000 NOK | -22% |
| Direct Bank Sales Representative | 472,000 NOK | -49% |
| Financial Bank Planning Consultant | 865,000 NOK | -6% |
| Financial Banking Analysis Manager | 1,000,000 NOK | +9% |
| Financial Banking Assistant | 313,000 NOK | -66% |
| Financial Banking Systems Manager | 860,000 NOK | -6% |
| Foreign Exchange Manager | 980,000 NOK | +7% |
| Fraud Analyst | 688,000 NOK | -25% |
| Fraud Detection Associate | 467,000 NOK | -49% |
| Fraud Detection Manager | 1,040,000 NOK | +13% |
| Fraud Detection Supervisor | 600,000 NOK | -35% |
| Internal Bank Audit Manager | 1,160,000 NOK | +26% |
| Internal Bank Auditor | 657,000 NOK | -29% |
| International Banking Manager | 1,340,000 NOK | +46% |
| Loan Analyst | 683,000 NOK | -26% |
| Loan Area Manager | 788,000 NOK | -14% |
| Loan Audit Team Leader | 738,000 NOK | -20% |
| Loan Branch Manager | 777,000 NOK | -16% |
| Loan Business Development Officer | 404,000 NOK | -56% |
| Loan Clerk | 227,000 NOK | -75% |
| Loan Collection Manager | 817,000 NOK | -11% |
| Loan Collector | 206,000 NOK | -78% |
| Loan Examiner | 293,000 NOK | -68% |
| Loan Processing Manager | 697,000 NOK | -24% |
| Loan Processor | 309,000 NOK | -66% |
| Loan Quality Assurance Auditor | 670,000 NOK | -27% |
| Loan Quality Assurance Manager | 717,000 NOK | -22% |
| Loan Quality Assurance Representative | 509,000 NOK | -45% |
| Loan Review Manager | 740,000 NOK | -20% |
| Loan Team Leader | 635,000 NOK | -31% |
| Mortgage Advisor | 465,000 NOK | -49% |
| Mortgage Collection Manager | 755,000 NOK | -18% |
| Mortgage Collector | 224,000 NOK | -76% |
| Mortgage Credit Analyst | 351,000 NOK | -62% |
| Mortgage Credit Manager | 710,000 NOK | -23% |
| Mortgage Development Manager | 866,000 NOK | -6% |
| Mortgage Document Reviewer | 284,000 NOK | -69% |
| Mortgage Funding Manager | 896,000 NOK | -3% |
| Mortgage Operations Manager | 1,090,000 NOK | +19% |
| Mortgage Payment Processing Clerk | 257,000 NOK | -72% |
| Mortgage Processing Manager | 764,000 NOK | -17% |
| Mortgage Processor | 289,000 NOK | -69% |
| Mortgage Quality Assurance Auditor | 641,000 NOK | -30% |
| Mortgage Quality Assurance Manager | 780,000 NOK | -15% |
| Mortgage Servicing Clerk | 237,000 NOK | -74% |
| Mortgage Servicing Manager | 726,000 NOK | -21% |
| Mortgage Underwriter | 281,000 NOK | -69% |
| Online Banking Manager | 1,090,000 NOK | +19% |
| Payment Processing Clerk | 237,000 NOK | -74% |
| Personal Banker | 493,000 NOK | -46% |
| Personal Banking Advisor | 490,000 NOK | -47% |
| Phone Banker | 306,000 NOK | -67% |
| Private Banker | 466,000 NOK | -49% |
| Reconciliation and Investigation Specialist | 543,000 NOK | -41% |
| Teller | 216,000 NOK | -77% |
| Trade Officer | 275,000 NOK | -70% |
| Trade Product Manager | 760,000 NOK | -17% |
| Trader | 338,000 NOK | -63% |
| Treasury Operations Officer | 592,000 NOK | -36% |
Salary Comparison By City
| City | Average Salary |
| Oslo | 1,040,000 NOK |
| Stavanger | 923,000 NOK |
| Tromso | 838,000 NOK |
| Trondheim | 970,000 NOK |
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 Norway earn 5% more than their private sector counterparts on average across all sectors.
| Private Sector | 596,000 NOK | |
| Public Sector | +5% | 628,000 NOK |
