A person working as an AML Analyst in Bosnia and Herzegovina typically earns around 3,630 BAM per month. Salaries range from 1,670 BAM (lowest) to 5,770 BAM (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 Bosnia and Herzegovina range from 1,670 BAM per month (minimum salary) to 5,770 BAM per month (maximum salary).
The median salary is 3,920 BAM per month, which means that half (50%) of people working as AML Analyst(s) are earning less than 3,920 BAM while the other half are earning more than 3,920 BAM. 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 2,520 BAM while 75% of them are earning more than 2,520 BAM. Also from the diagram, 75% of AML Analyst(s) are earning less than 5,230 BAM while 25% are earning more than 5,230 BAM.
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 1,900 BAM per month.
While someone with an experience level between two and five years is expected to earn 2,530 BAM per month, 33% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 3,740 BAM 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 4,560 BAM 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 4,970 BAM 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 5,380 BAM per month, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+33%|
|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 2,160 BAM per month.
While someone with a Bachelor's Degree gets a salary of 3,390 BAM per month, 57% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 5,690 BAM 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 Bosnia and Herzegovina costs anywhere from 11,500 Convertible Marks(s) to 34,500 Convertible Marks(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 Bosnia and Herzegovina earn 11% more than their female counterparts on average.
AML Analyst(s) in Bosnia and Herzegovina are likely to observe a salary increase of approximately 8% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 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 Bosnia and Herzegovina 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.
32% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 68% 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 45% more than that of Banking. Also, Banking salaries are 9% more than those of All Jobs.
|Job Title||Average Salary|
|AML Analyst||3,630 BAM||=|
|Assistant Bank Branch Manager||3,070 BAM||-15%|
|Assistant Bank Manager||4,200 BAM||+16%|
|ATM Manager||3,300 BAM||-9%|
|ATM Service Technician||930 BAM||-74%|
|Bank Accounts Analyst||1,370 BAM||-62%|
|Bank Accounts Controller||1,670 BAM||-54%|
|Bank Accounts Executive||2,540 BAM||-30%|
|Bank Accounts Manager||3,030 BAM||-17%|
|Bank Auditing Manager||3,090 BAM||-15%|
|Bank Branch Manager||4,070 BAM||+12%|
|Bank Clerk||770 BAM||-79%|
|Bank Compliance Specialist||2,170 BAM||-40%|
|Bank Manager||4,960 BAM||+37%|
|Bank Operational Risk Manager||4,850 BAM||+34%|
|Bank Operations Head||4,800 BAM||+32%|
|Bank Operations Officer||1,870 BAM||-48%|
|Bank Operations Specialist||3,190 BAM||-12%|
|Bank Process Manager||2,860 BAM||-21%|
|Bank Product Manager||3,140 BAM||-13%|
|Bank Programme Manager||3,350 BAM||-8%|
|Bank Project Manager||4,050 BAM||+12%|
|Bank Propositions Manager||3,450 BAM||-5%|
|Bank Quantitative Analyst||2,440 BAM||-33%|
|Bank Regional Manager||5,100 BAM||+40%|
|Bank Regional Risk Officer||2,620 BAM||-28%|
|Bank Relationship Manager||3,840 BAM||+6%|
|Bank Relationship Officer||1,700 BAM||-53%|
|Banking Business Analyst||2,600 BAM||-28%|
|Banking Business Development Officer||1,570 BAM||-57%|
|Banking Business Planning Executive||3,750 BAM||+3%|
|Banking Product Manager||3,180 BAM||-12%|
|Banking Reference Data Manager||2,690 BAM||-26%|
|Banking Risk Analyst||2,510 BAM||-31%|
|Banking Technical Analyst||1,340 BAM||-63%|
|Bankruptcy Coordinator||1,760 BAM||-52%|
|Budget Analyst||2,600 BAM||-28%|
|Cards Marketing Manager||3,240 BAM||-11%|
|Cash Management Manager||4,520 BAM||+25%|
|Check Processing Manager||3,430 BAM||-6%|
|Commercial Vault Associate||2,550 BAM||-30%|
|Corporate Dealer||2,660 BAM||-27%|
|Credit Analyst||2,020 BAM||-44%|
|Credit and Collections Manager||3,600 BAM||-1%|
|Credit Card Fraud Investigator||2,560 BAM||-29%|
|Credit Portfolio Manager||4,690 BAM||+29%|
|Credit Risk Analyst||3,000 BAM||-17%|
|Credit Risk Associate||2,640 BAM||-27%|
|Direct Bank Sales Representative||1,810 BAM||-50%|
|Financial Bank Planning Consultant||3,330 BAM||-8%|
|Financial Banking Analysis Manager||3,960 BAM||+9%|
|Financial Banking Assistant||1,190 BAM||-67%|
|Financial Banking Systems Manager||3,500 BAM||-4%|
|Foreign Exchange Manager||3,850 BAM||+6%|
|Fraud Analyst||2,740 BAM||-25%|
|Fraud Detection Associate||1,770 BAM||-51%|
|Fraud Detection Manager||3,970 BAM||+9%|
|Fraud Detection Supervisor||2,200 BAM||-39%|
|Internal Bank Audit Manager||4,840 BAM||+33%|
|Internal Bank Auditor||2,390 BAM||-34%|
|International Banking Manager||5,200 BAM||+43%|
|Loan Analyst||2,580 BAM||-29%|
|Loan Area Manager||3,080 BAM||-15%|
|Loan Audit Team Leader||2,880 BAM||-21%|
|Loan Branch Manager||2,930 BAM||-19%|
|Loan Business Development Officer||1,620 BAM||-55%|
|Loan Clerk||880 BAM||-76%|
|Loan Collection Manager||3,070 BAM||-15%|
|Loan Collector||800 BAM||-78%|
|Loan Examiner||1,100 BAM||-70%|
|Loan Processing Manager||2,780 BAM||-23%|
|Loan Processor||1,190 BAM||-67%|
|Loan Quality Assurance Auditor||2,490 BAM||-31%|
|Loan Quality Assurance Manager||2,850 BAM||-21%|
|Loan Quality Assurance Representative||1,950 BAM||-46%|
|Loan Review Manager||3,020 BAM||-17%|
|Loan Team Leader||2,510 BAM||-31%|
|Mortgage Advisor||1,770 BAM||-51%|
|Mortgage Collection Manager||3,070 BAM||-15%|
|Mortgage Collector||880 BAM||-76%|
|Mortgage Credit Analyst||1,330 BAM||-63%|
|Mortgage Credit Manager||2,880 BAM||-21%|
|Mortgage Development Manager||3,390 BAM||-7%|
|Mortgage Document Reviewer||1,070 BAM||-71%|
|Mortgage Funding Manager||3,270 BAM||-10%|
|Mortgage Operations Manager||4,530 BAM||+25%|
|Mortgage Payment Processing Clerk||1,020 BAM||-72%|
|Mortgage Processing Manager||2,970 BAM||-18%|
|Mortgage Processor||1,200 BAM||-67%|
|Mortgage Quality Assurance Auditor||2,470 BAM||-32%|
|Mortgage Quality Assurance Manager||2,900 BAM||-20%|
|Mortgage Servicing Clerk||860 BAM||-76%|
|Mortgage Servicing Manager||2,810 BAM||-23%|
|Mortgage Underwriter||1,110 BAM||-69%|
|Online Banking Manager||4,540 BAM||+25%|
|Payment Processing Clerk||950 BAM||-74%|
|Personal Banker||1,880 BAM||-48%|
|Personal Banking Advisor||1,880 BAM||-48%|
|Phone Banker||1,280 BAM||-65%|
|Private Banker||1,800 BAM||-50%|
|Reconciliation and Investigation Specialist||2,150 BAM||-41%|
|Trade Officer||1,100 BAM||-70%|
|Trade Product Manager||2,930 BAM||-19%|
|Treasury Operations Officer||2,220 BAM||-39%|
|Banja Luka||3,920 BAM|
Where can you get paid more, working for a private company or for the government? Public sector employees in Bosnia and Herzegovina earn 25% more than their private sector counterparts on average across all sectors.
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