AML Analyst Average Salary in Turkmenistan 2023
How much money does a person working as AML Analyst make in Turkmenistan?
LOW
3,610
TMT AVERAGE
7,840
TMT HIGH
12,500
TMT
A person working as AML Analyst in Turkmenistan typically earns around 7,840 TMT per month. Salaries range from 3,610 TMT (lowest) to 12,500 TMT (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 Turkmenistan
Salary Structure and Pay Scale Comparison
7,440 TMT or more
6,520 to 7,440 TMT
4,490 TMT or less
4,490 to 6,520 TMT
 3,610 TMT |
7,500 TMT |
12,500 TMT |
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 Turkmenistan range from 3,610 TMT per month (starting salary) to 12,500 TMT 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 7,500 TMT per month, which means that half (50%) of people working as AML Analyst(s) are earning less than 7,500 TMT while the other half are earning more than 7,500 TMT. 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 6,040 TMT while 75% of them are earning more than 6,040 TMT. Also from the diagram, 75% of AML Analyst(s) are earning less than 8,640 TMT while 25% are earning more than 8,640 TMT.
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 4,490 TMT to 6,520 TMT. Approximatly 20% fall under the 4,490 TMT cap. Ten percent of wages are from 6,520 TMT to 7,440 TMT. Only 5% of people grossed 7,440 TMT 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 Turkmenistan
| 0 - 2 Years | 4,100 TMT | |
| 2 - 5 Years | +34% | 5,470 TMT |
| 5 - 10 Years | +48% | 8,090 TMT |
| 10 - 15 Years | +22% | 9,860 TMT |
| 15 - 20 Years | +9% | 10,700 TMT |
| 20+ Years | +8% | 11,600 TMT |
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 4,100 TMT per month.
While someone with an experience level between two and five years is expected to earn 5,470 TMT 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 8,090 TMT per month, 48% more than someone with two to five years of experience.
Additionally, AML Analyst whose expertise span anywhere between ten and fifteen years get a salary equivalent to 9,860 TMT 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 10,700 TMT 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 11,600 TMT per month, 8% more than people with fifteen to twenty years of experience.
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.
AML Analyst average salary difference by education level in Turkmenistan
| Certificate or Diploma | 4,670 TMT | |
| Bachelor's Degree | +57% | 7,330 TMT |
| Master's Degree | +68% | 12,300 TMT |
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 4,670 TMT per month.
While someone with a Bachelor's Degree gets a salary of 7,330 TMT per month, 57% more than someone having a Certificate or Diploma degree.
People with Master's Degree have an average salary of 12,300 TMT 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 Turkmenistan costs anywhere from 26,100 Manat(s) to 78,400 Manat(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 and Compensation Comparison By Gender - AML Analyst
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 Turkmenistan earn 11% more than their female counterparts on average.
| Male | 8,260 TMT | |
| Female | -10% | 7,430 TMT |
Salary Comparison By Gender in Turkmenistan for all Careers
AML Analyst Average Annual Salary Increment Percentage in Turkmenistan
How much are annual salary increments in Turkmenistan for AML Analyst(s)? How often do employees get salary raises?
AML Analyst
AML Analyst(s) in Turkmenistan 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.
Turkmenistan / 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 | 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 Turkmenistan 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
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 Turkmenistan
How much and how often are bonuses being awarded?
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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 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 Salary Trend and Forecast in Turkmenistan
How are AML Analyst salaries changing over time? Listed below is a chart that shows the average salary in recent years.
| Average Salary 2019 | 6,780 TMT | |
| Average Salary 2020 | +4% | 7,040 TMT |
| Average Salary 2021 | +4% | 7,300 TMT |
| Average Salary 2022 | +4% | 7,570 TMT |
AML Analyst salaries in Turkmenistan 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.
AML Analyst Average Hourly Wage in Turkmenistan
45 TMT per hourThe average hourly wage (pay per hour) in Turkmenistan is 45 TMT. This means that the average AML Analyst in Turkmenistan earns approximately 45 TMT for every worked hour.
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 Turkmenistan is 21 TMT. 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
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 | 7,840 TMT |  -0% |
| Assistant Bank Branch Manager | 7,080 TMT | -10% |
| Assistant Bank Manager | 9,040 TMT |  +15% |
| ATM Manager | 7,810 TMT | -0% |
| ATM Service Technician | 2,200 TMT | -72% |
| Bank Accounts Analyst | 3,010 TMT | -62% |
| Bank Accounts Controller | 4,030 TMT | -49% |
| Bank Accounts Executive | 6,110 TMT | -22% |
| Bank Accounts Manager | 6,550 TMT | -16% |
| Bank Auditing Manager | 7,240 TMT | -8% |
| Bank Branch Manager | 9,450 TMT | +20% |
| Bank Clerk | 1,910 TMT | -76% |
| Bank Compliance Specialist | 4,840 TMT | -38% |
| Bank Manager | 10,800 TMT | +38% |
| Bank Operational Risk Manager | 11,000 TMT | +40% |
| Bank Operations Head | 11,700 TMT | +49% |
| Bank Operations Officer | 4,330 TMT | -45% |
| Bank Operations Specialist | 6,930 TMT | -12% |
| Bank Process Manager | 6,070 TMT | -23% |
| Bank Product Manager | 7,610 TMT | -3% |
| Bank Programme Manager | 7,730 TMT | -1% |
| Bank Project Manager | 9,040 TMT | +15% |
| Bank Propositions Manager | 7,970 TMT | +2% |
| Bank Quantitative Analyst | 5,600 TMT | -29% |
| Bank Regional Manager | 11,400 TMT | +45% |
| Bank Regional Risk Officer | 5,810 TMT | -26% |
| Bank Relationship Manager | 8,560 TMT | +9% |
| Bank Relationship Officer | 3,930 TMT | -50% |
| Banker | 3,920 TMT | -50% |
| Banking Business Analyst | 5,950 TMT | -24% |
| Banking Business Development Officer | 3,580 TMT | -54% |
| Banking Business Planning Executive | 8,150 TMT | +4% |
| Banking Product Manager | 7,220 TMT | -8% |
| Banking Reference Data Manager | 6,370 TMT | -19% |
| Banking Risk Analyst | 5,820 TMT | -26% |
| Banking Technical Analyst | 3,040 TMT | -61% |
| Bankruptcy Coordinator | 4,210 TMT | -46% |
| Budget Analyst | 5,960 TMT | -24% |
| Cards Marketing Manager | 7,110 TMT | -9% |
| Cash Management Manager | 10,200 TMT | +30% |
| Check Processing Manager | 7,720 TMT | -2% |
| Commercial Vault Associate | 5,800 TMT | -26% |
| Corporate Dealer | 6,300 TMT | -20% |
| Credit Analyst | 4,480 TMT | -43% |
| Credit and Collections Manager | 7,950 TMT | +1% |
| Credit Card Fraud Investigator | 6,220 TMT | -21% |
| Credit Portfolio Manager | 10,500 TMT | +34% |
| Credit Risk Analyst | 6,600 TMT | -16% |
| Credit Risk Associate | 6,150 TMT | -22% |
| Direct Bank Sales Representative | 4,360 TMT | -44% |
| Financial Bank Planning Consultant | 7,380 TMT | -6% |
| Financial Banking Analysis Manager | 8,570 TMT | +9% |
| Financial Banking Assistant | 2,840 TMT | -64% |
| Financial Banking Systems Manager | 8,290 TMT | +6% |
| Foreign Exchange Manager | 8,200 TMT | +5% |
| Fraud Analyst | 6,120 TMT | -22% |
| Fraud Detection Associate | 4,160 TMT | -47% |
| Fraud Detection Manager | 9,430 TMT | +20% |
| Fraud Detection Supervisor | 5,130 TMT | -35% |
| Internal Bank Audit Manager | 11,200 TMT | +43% |
| Internal Bank Auditor | 5,500 TMT | -30% |
| International Banking Manager | 11,900 TMT | +52% |
| Loan Analyst | 5,950 TMT | -24% |
| Loan Area Manager | 7,150 TMT | -9% |
| Loan Audit Team Leader | 6,690 TMT | -15% |
| Loan Branch Manager | 6,770 TMT | -14% |
| Loan Business Development Officer | 3,730 TMT | -52% |
| Loan Clerk | 2,020 TMT | -74% |
| Loan Collection Manager | 6,980 TMT | -11% |
| Loan Collector | 1,990 TMT | -75% |
| Loan Examiner | 2,450 TMT | -69% |
| Loan Processing Manager | 6,190 TMT | -21% |
| Loan Processor | 2,650 TMT | -66% |
| Loan Quality Assurance Auditor | 6,080 TMT | -22% |
| Loan Quality Assurance Manager | 6,900 TMT | -12% |
| Loan Quality Assurance Representative | 4,260 TMT | -46% |
| Loan Review Manager | 6,570 TMT | -16% |
| Loan Team Leader | 6,000 TMT | -24% |
| Mortgage Advisor | 4,220 TMT | -46% |
| Mortgage Collection Manager | 6,580 TMT | -16% |
| Mortgage Collector | 1,880 TMT | -76% |
| Mortgage Credit Analyst | 3,120 TMT | -60% |
| Mortgage Credit Manager | 6,700 TMT | -15% |
| Mortgage Development Manager | 7,850 TMT | +0% |
| Mortgage Document Reviewer | 2,470 TMT | -69% |
| Mortgage Funding Manager | 7,510 TMT | -4% |
| Mortgage Operations Manager | 10,100 TMT | +29% |
| Mortgage Payment Processing Clerk | 2,280 TMT | -71% |
| Mortgage Processing Manager | 6,790 TMT | -13% |
| Mortgage Processor | 2,720 TMT | -65% |
| Mortgage Quality Assurance Auditor | 6,040 TMT | -23% |
| Mortgage Quality Assurance Manager | 6,400 TMT | -18% |
| Mortgage Servicing Clerk | 1,950 TMT | -75% |
| Mortgage Servicing Manager | 6,320 TMT | -19% |
| Mortgage Underwriter | 2,450 TMT | -69% |
| Online Banking Manager | 10,300 TMT | +31% |
| Payment Processing Clerk | 2,150 TMT | -73% |
| Personal Banker | 4,040 TMT | -48% |
| Personal Banking Advisor | 4,530 TMT | -42% |
| Phone Banker | 2,950 TMT | -62% |
| Private Banker | 4,050 TMT | -48% |
| Reconciliation and Investigation Specialist | 4,730 TMT | -40% |
| Teller | 2,040 TMT | -74% |
| Trade Officer | 2,450 TMT | -69% |
| Trade Product Manager | 7,170 TMT | -9% |
| Trader | 2,780 TMT | -65% |
| Treasury Operations Officer | 5,050 TMT | -36% |
Salary Comparison By City
| City | Average Salary |
| Asgabat | 9,020 TMT |
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 Turkmenistan earn 14% more than their private sector counterparts on average across all sectors.
| Private Sector | 4,810 TMT | |
| Public Sector | +14% | 5,490 TMT |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for AML Analyst in Turkmenistan?
A good and competitive compensation would range anywhere between 7,500 TMT and 8,640 TMT. 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 Turkmenistan is ranges from 6,040 TMT to 8,640 TMT. 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
