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AML Analyst Average Salary in Zambia 2024

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


Average Monthly Salary
9,010 ZMK
( 108,000 ZMK yearly)

LOW
4,150
ZMK
AVERAGE
9,010
ZMK
HIGH
14,300
ZMK
All salary figures displayed here are per month except when noted otherwise.
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 salary after tax for every career.

A person working as AML Analyst in Zambia typically earns around 9,010 ZMK. Salaries range from 4,150 ZMK (lowest) to 14,300 ZMK (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. AML Analyst salaries in Zambia 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 Zambia

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

5% of people earn
8,550 ZMK or more
10% of people earn
7,490 to 8,550 ZMK
20% of people earn
5,160 ZMK or less
65% of people earn
5,160 to 7,490 ZMK
Minimum Salary
4,150 ZMK
Median
8,610 ZMK
Maximum
14,300 ZMK




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

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position AML Analyst in Zambia range from 4,150 ZMK (starting salary) to 14,300 ZMK (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 8,610 ZMK, half of the professionals who work as AML Analyst in Zambia earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as AML Analyst in Zambia earn less than 6,940 ZMK, while 75% earn more. Similarly, the chart shows that 75% earn less than 9,920 ZMK while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title AML Analyst in Zambia compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 5,160 ZMK to 7,490 ZMK. About 20% of salaries are below the 5,160 ZMK mark, while 10% fall within the range of 7,490 ZMK to 8,550 ZMK. Only 5% of individuals have salaries exceeding 8,550 ZMK.

Salary Comparison by Years of Experience / AML Analyst / Zambia

How do experience and age affect pay?

0 - 2 Years
4,710 ZMK
2 - 5 Years+34%
6,280 ZMK
5 - 10 Years+48%
9,290 ZMK
10 - 15 Years+22%
11,300 ZMK
15 - 20 Years+9%
12,300 ZMK
20+ Years+8%
13,400 ZMK
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Zambia 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 the wage. We broke down salaries by experience level for people working as AML Analyst and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 4,710 ZMK.

While someone with an experience level between two and five years is expected to earn 6,280 ZMK, 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 9,290 ZMK, 48% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 11,300 ZMK, 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 12,300 ZMK, 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 13,400 ZMK, 8% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / AML Analyst / Zambia

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as AML Analyst.

Certificate or Diploma
5,370 ZMK
Bachelor's Degree+57%
8,420 ZMK
Master's Degree+68%
14,100 ZMK
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Zambia 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 salaries by education level for the position AML Analyst in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 5,370 ZMK.


Level 2: Bachelor's Degree

At this level, the average salary becomes 8,420 ZMK, 57% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 14,100 ZMK, 68% more than the previous level.



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 Zambia costs anywhere from 30,100 ZMK to 90,300 ZMK 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 to a higher-paying job. The numbers seem to support the theory. 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 / Zambia

Salary comparison by gender Zambia 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? For the people who work as AML Analyst in Zambia, the average difference between the salary of male and female employees is 17%.

Male
9,710 ZMK
Female-14%
8,310 ZMK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Zambia for all Careers

Salary comparison by gender monthly Zambia
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Average Annual Salary Increment Percentage / AML Analyst / Zambia

How much are annual salary increments in Zambia for individuals working as AML Analyst? How often do employees get salary raises?

Individuals working as AML Analyst in Zambia 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 Zambia 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.

Zambia / All Professions

Annual Salary Increment Rate Zambia
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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 Zambia is 2%.

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.



Bonus and Incentive Rates / AML Analyst / Zambia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Zambia AML Analyst
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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.

Average Hourly Wage / AML Analyst / Zambia


52 ZMK per hour

The average hourly wage (pay per hour) for individuals working as AML Analyst in Zambia is 52 ZMK.This is the rate they get paid 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 fixed 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 people working as AML Analyst in Zambia is 24 ZMK. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Banking-100%
AML Analyst9,010 ZMK=
Assistant Bank Branch Manager7,650 ZMK-15%
Assistant Bank Manager10,600 ZMK+18%
ATM Manager8,430 ZMK-6%
ATM Service Technician2,430 ZMK-73%
Bank Accounts Analyst3,600 ZMK-60%
Bank Accounts Collector2,160 ZMK-76%
Bank Accounts Controller4,450 ZMK-51%
Bank Accounts Executive6,880 ZMK-24%
Bank Accounts Manager7,520 ZMK-17%
Bank Auditing Manager8,140 ZMK-10%
Bank Branch Manager11,100 ZMK+23%
Bank Branch Operations Coordinator4,910 ZMK-46%
Bank Clerk2,110 ZMK-77%
Bank Client Service Associate2,830 ZMK-69%
Bank Collector2,070 ZMK-77%
Bank Compliance Specialist5,440 ZMK-40%
Bank Manager13,200 ZMK+47%
Bank Operational Risk Manager12,700 ZMK+41%
Bank Operations Head12,400 ZMK+38%
Bank Operations Officer5,170 ZMK-43%
Bank Operations Specialist7,800 ZMK-13%
Bank Process Manager6,830 ZMK-24%
Bank Product Manager 8,240 ZMK-9%
Bank Programme Manager8,350 ZMK-7%
Bank Project Manager10,200 ZMK+13%
Bank Propositions Manager9,510 ZMK+6%
Bank Quantitative Analyst6,170 ZMK-32%
Bank Regional Manager12,600 ZMK+40%
Bank Regional Risk Officer6,670 ZMK-26%
Bank Relationship Manager9,630 ZMK+7%
Bank Relationship Officer4,160 ZMK-54%
Bank Sustainability Analyst7,260 ZMK-19%
Bank Teller2,330 ZMK-74%
Banker4,410 ZMK-51%
Banking Business Analyst6,700 ZMK-26%
Banking Business Development Officer4,110 ZMK-54%
Banking Business Planning Executive9,170 ZMK+2%
Banking Data Analyst7,770 ZMK-14%
Banking Product Manager8,290 ZMK-8%
Banking Reference Data Manager6,880 ZMK-24%
Banking Regulatory Compliance Officer7,520 ZMK-17%
Banking Risk Analyst6,810 ZMK-24%
Banking Technical Analyst3,560 ZMK-60%
Bankruptcy Coordinator4,830 ZMK-46%
Bill and Account Collector2,360 ZMK-74%
Blockchain Analyst5,850 ZMK-35%
Blockchain Architect6,410 ZMK-29%
Blockchain Auditor5,920 ZMK-34%
Blockchain Compliance Analyst5,770 ZMK-36%
Blockchain Consultant6,310 ZMK-30%
Blockchain Trade Facilitator5,520 ZMK-39%
Budget Analyst6,580 ZMK-27%
Capital Risk Manager12,500 ZMK+39%
Cards Marketing Manager8,500 ZMK-6%
Cash Management Manager12,000 ZMK+33%
Check Processing Manager8,350 ZMK-7%
Chief Blockchain Officer7,410 ZMK-18%
Commercial Vault Associate6,660 ZMK-26%
Corporate Banker4,930 ZMK-45%
Corporate Dealer6,810 ZMK-24%
Credit Analyst5,140 ZMK-43%
Credit and Collections Manager9,300 ZMK+3%
Credit Card Fraud Investigator6,730 ZMK-25%
Credit Portfolio Manager12,800 ZMK+42%
Credit Risk Analyst7,130 ZMK-21%
Credit Risk Associate7,060 ZMK-22%
Cryptocurrency Accountant4,150 ZMK-54%
Cryptocurrency Adviser8,410 ZMK-7%
Cryptocurrency Analyst5,940 ZMK-34%
Cryptocurrency Compliance Manager7,700 ZMK-15%
Cryptocurrency Trader6,500 ZMK-28%
Digital Banking Manager8,480 ZMK-6%
Digital Currency Analyst6,270 ZMK-30%
Direct Bank Sales Representative4,810 ZMK-47%
Exchange Control Consultant6,790 ZMK-25%
Executive Account Analyst6,710 ZMK-26%
Financial Bank Planning Consultant8,480 ZMK-6%
Financial Banking Analysis Manager9,840 ZMK+9%
Financial Banking Assistant3,010 ZMK-67%
Financial Banking Systems Manager8,960 ZMK-1%
Foreign Exchange Manager10,000 ZMK+11%
Fraud Analyst6,880 ZMK-24%
Fraud Detection Associate4,680 ZMK-48%
Fraud Detection Manager9,990 ZMK+11%
Fraud Detection Supervisor5,890 ZMK-35%
Internal Bank Audit Manager12,100 ZMK+34%
Internal Bank Auditor6,700 ZMK-26%
Internal Private Banker4,790 ZMK-47%
International Banking Manager13,400 ZMK+49%
Investment Banking Analyst9,810 ZMK+9%
Loan Analyst6,430 ZMK-29%
Loan Area Manager8,360 ZMK-7%
Loan Audit Team Leader7,830 ZMK-13%
Loan Branch Manager7,320 ZMK-19%
Loan Business Development Officer4,120 ZMK-54%
Loan Clerk2,270 ZMK-75%
Loan Collection and Recovery Manager7,560 ZMK-16%
Loan Collection Manager8,020 ZMK-11%
Loan Collector2,150 ZMK-76%
Loan Examiner2,990 ZMK-67%
Loan Officer2,450 ZMK-73%
Loan Processing Manager6,970 ZMK-23%
Loan Processor3,040 ZMK-66%
Loan Quality Assurance Auditor6,440 ZMK-29%
Loan Quality Assurance Manager7,470 ZMK-17%
Loan Quality Assurance Representative5,190 ZMK-42%
Loan Review Manager7,400 ZMK-18%
Loan Team Leader6,890 ZMK-24%
Loans Manager9,050 ZMK+0%
Mortgage Advisor4,470 ZMK-50%
Mortgage Collection Manager7,860 ZMK-13%
Mortgage Collector2,070 ZMK-77%
Mortgage Credit Analyst3,510 ZMK-61%
Mortgage Credit Manager7,690 ZMK-15%
Mortgage Development Manager8,330 ZMK-8%
Mortgage Document Reviewer2,960 ZMK-67%
Mortgage Funding Manager8,280 ZMK-8%
Mortgage Operations Manager11,200 ZMK+24%
Mortgage Payment Processing Clerk2,570 ZMK-71%
Mortgage Processing Manager7,640 ZMK-15%
Mortgage Processor2,830 ZMK-69%
Mortgage Quality Assurance Auditor6,280 ZMK-30%
Mortgage Quality Assurance Manager7,500 ZMK-17%
Mortgage Servicing Clerk2,280 ZMK-75%
Mortgage Servicing Manager7,550 ZMK-16%
Mortgage Underwriter2,920 ZMK-68%
Online Banking Manager11,800 ZMK+31%
Open Banking Strategist6,590 ZMK-27%
Payment Processing Clerk2,280 ZMK-75%
Personal Banker4,740 ZMK-47%
Personal Banking Advisor 5,000 ZMK-45%
Phone Banker3,190 ZMK-65%
Private Banker4,850 ZMK-46%
Reconciliation and Investigation Specialist5,650 ZMK-37%
Tax Officer4,060 ZMK-55%
Teller2,350 ZMK-74%
Trade Officer2,750 ZMK-69%
Trade Product Manager7,450 ZMK-17%
Trader3,250 ZMK-64%
Treasury Operations Officer5,800 ZMK-36%
Wealth Management Advisor9,420 ZMK+5%

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Zambia is 17% on average across all career fields.

Private Sector
5,600 ZMK
Public Sector+17%
6,560 ZMK
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 the job title AML Analyst in Zambia?

A good and competitive compensation would range anywhere between 8,610 ZMK and 9,920 ZMK. This is a very rough estimate. Experience and education play a very huge part in the 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 salary after tax for every career.

Base / Basic Salary

The base salary for a careers like AML Analyst in Zambia ranges from 4,150 ZMK to 6,940 ZMK. 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 with 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 the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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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