A person working as AML Analyst in Cook Islands typically earns around 7,150 NZD per month. Salaries range from 3,290 NZD (lowest) to 11,400 NZD (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 Cook Islands range from 3,290 NZD per month (starting salary) to 11,400 NZD 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.
The median salary is 6,830 NZD per month, which means that half (50%) of people working as AML Analyst(s) are earning less than 6,830 NZD while the other half are earning more than 6,830 NZD. 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 5,510 NZD while 75% of them are earning more than 5,510 NZD. Also from the diagram, 75% of AML Analyst(s) are earning less than 7,870 NZD while 25% are earning more than 7,870 NZD.
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 4,090 NZD to 5,940 NZD. Approximatly 20% fall under the 4,090 NZD cap. Ten percent of wages are from 5,940 NZD to 6,780 NZD. Only 5% of people grossed 6,780 NZD or more.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+48%|
|10 - 15 Years||+22%|
|15 - 20 Years||+9%|
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 3,730 NZD per month.
While someone with an experience level between two and five years is expected to earn 4,980 NZD 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 7,360 NZD 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 8,980 NZD 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 9,790 NZD 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 10,600 NZD per month, 8% more than people with fifteen to twenty years of experience.
|Certificate or Diploma|
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 4,260 NZD per month.
While someone with a Bachelor's Degree gets a salary of 6,680 NZD per month, 57% more than someone having a Certificate or Diploma degree.
People with Master's Degree have an average salary of 11,200 NZD per month, 68% more than someone with a Bachelor's Degree.
A Master's degree program or any post-graduate program in Cook Islands costs anywhere from 23,500 New Zealand Dollar(s) to 70,600 New Zealand Dollar(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 Cook Islands earn 19% more than their female counterparts on average.
AML Analyst(s) in Cook Islands 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 Cook Islands 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.
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" 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.
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.
|Average Salary 2019|
|Average Salary 2020||+4%|
|Average Salary 2021||+4%|
|Average Salary 2022||+4%|
AML Analyst salaries in Cook Islands 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.
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 minimum pay rate per hour for 'AML Analyst' in Cook Islands is 19 NZD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
The average salary for AML Analyst is 40% more than that of Banking. Also, Banking salaries are 9% more than those of All Jobs.
|Job Title||Average Salary|
|AML Analyst||7,150 NZD||+0%|
|Assistant Bank Branch Manager||6,460 NZD||-10%|
|Assistant Bank Manager||8,460 NZD||+18%|
|ATM Manager||6,810 NZD||-5%|
|ATM Service Technician||1,970 NZD||-72%|
|Bank Accounts Analyst||2,670 NZD||-63%|
|Bank Accounts Controller||3,460 NZD||-52%|
|Bank Accounts Executive||5,400 NZD||-24%|
|Bank Accounts Manager||5,970 NZD||-16%|
|Bank Auditing Manager||6,060 NZD||-15%|
|Bank Branch Manager||8,370 NZD||+17%|
|Bank Clerk||1,540 NZD||-78%|
|Bank Compliance Specialist||4,430 NZD||-38%|
|Bank Manager||9,500 NZD||+33%|
|Bank Operational Risk Manager||9,350 NZD||+31%|
|Bank Operations Head||9,680 NZD||+35%|
|Bank Operations Officer||4,030 NZD||-44%|
|Bank Operations Specialist||6,250 NZD||-13%|
|Bank Process Manager||5,280 NZD||-26%|
|Bank Product Manager||6,480 NZD||-9%|
|Bank Programme Manager||7,040 NZD||-1%|
|Bank Project Manager||8,110 NZD||+14%|
|Bank Propositions Manager||6,990 NZD||-2%|
|Bank Quantitative Analyst||4,850 NZD||-32%|
|Bank Regional Manager||9,950 NZD||+39%|
|Bank Regional Risk Officer||4,950 NZD||-31%|
|Bank Relationship Manager||7,680 NZD||+7%|
|Bank Relationship Officer||3,420 NZD||-52%|
|Banking Business Analyst||5,210 NZD||-27%|
|Banking Business Development Officer||3,220 NZD||-55%|
|Banking Business Planning Executive||7,060 NZD||-1%|
|Banking Product Manager||6,120 NZD||-14%|
|Banking Reference Data Manager||5,560 NZD||-22%|
|Banking Risk Analyst||4,860 NZD||-32%|
|Banking Technical Analyst||2,710 NZD||-62%|
|Bankruptcy Coordinator||3,530 NZD||-51%|
|Budget Analyst||5,070 NZD||-29%|
|Cards Marketing Manager||6,300 NZD||-12%|
|Cash Management Manager||8,560 NZD||+20%|
|Check Processing Manager||6,670 NZD||-7%|
|Commercial Vault Associate||5,120 NZD||-28%|
|Corporate Dealer||5,390 NZD||-25%|
|Credit Analyst||3,810 NZD||-47%|
|Credit and Collections Manager||6,980 NZD||-2%|
|Credit Card Fraud Investigator||5,090 NZD||-29%|
|Credit Portfolio Manager||9,720 NZD||+36%|
|Credit Risk Analyst||5,730 NZD||-20%|
|Credit Risk Associate||5,520 NZD||-23%|
|Direct Bank Sales Representative||3,670 NZD||-49%|
|Financial Bank Planning Consultant||6,290 NZD||-12%|
|Financial Banking Analysis Manager||7,640 NZD||+7%|
|Financial Banking Assistant||2,360 NZD||-67%|
|Financial Banking Systems Manager||7,090 NZD||-1%|
|Foreign Exchange Manager||7,220 NZD||+1%|
|Fraud Analyst||5,270 NZD||-26%|
|Fraud Detection Associate||3,770 NZD||-47%|
|Fraud Detection Manager||8,160 NZD||+14%|
|Fraud Detection Supervisor||4,330 NZD||-39%|
|Internal Bank Audit Manager||9,050 NZD||+27%|
|Internal Bank Auditor||5,060 NZD||-29%|
|International Banking Manager||10,200 NZD||+43%|
|Loan Analyst||5,120 NZD||-28%|
|Loan Area Manager||5,960 NZD||-17%|
|Loan Audit Team Leader||5,580 NZD||-22%|
|Loan Branch Manager||5,820 NZD||-19%|
|Loan Business Development Officer||2,990 NZD||-58%|
|Loan Clerk||1,840 NZD||-74%|
|Loan Collection Manager||5,920 NZD||-17%|
|Loan Collector||1,620 NZD||-77%|
|Loan Examiner||2,270 NZD||-68%|
|Loan Processing Manager||5,340 NZD||-25%|
|Loan Processor||2,350 NZD||-67%|
|Loan Quality Assurance Auditor||5,020 NZD||-30%|
|Loan Quality Assurance Manager||5,880 NZD||-18%|
|Loan Quality Assurance Representative||3,730 NZD||-48%|
|Loan Review Manager||5,930 NZD||-17%|
|Loan Team Leader||5,040 NZD||-29%|
|Mortgage Advisor||3,650 NZD||-49%|
|Mortgage Collection Manager||5,860 NZD||-18%|
|Mortgage Collector||1,720 NZD||-76%|
|Mortgage Credit Analyst||2,660 NZD||-63%|
|Mortgage Credit Manager||5,890 NZD||-18%|
|Mortgage Development Manager||6,430 NZD||-10%|
|Mortgage Document Reviewer||2,300 NZD||-68%|
|Mortgage Funding Manager||6,510 NZD||-9%|
|Mortgage Operations Manager||9,190 NZD||+29%|
|Mortgage Payment Processing Clerk||1,930 NZD||-73%|
|Mortgage Processing Manager||6,060 NZD||-15%|
|Mortgage Processor||2,270 NZD||-68%|
|Mortgage Quality Assurance Auditor||5,260 NZD||-26%|
|Mortgage Quality Assurance Manager||5,730 NZD||-20%|
|Mortgage Servicing Clerk||1,840 NZD||-74%|
|Mortgage Servicing Manager||5,570 NZD||-22%|
|Mortgage Underwriter||2,250 NZD||-69%|
|Online Banking Manager||9,110 NZD||+28%|
|Payment Processing Clerk||1,770 NZD||-75%|
|Personal Banker||3,640 NZD||-49%|
|Personal Banking Advisor||3,810 NZD||-47%|
|Phone Banker||2,390 NZD||-67%|
|Private Banker||3,800 NZD||-47%|
|Reconciliation and Investigation Specialist||4,360 NZD||-39%|
|Trade Officer||2,070 NZD||-71%|
|Trade Product Manager||6,240 NZD||-13%|
|Treasury Operations Officer||4,550 NZD||-36%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Cook Islands earn 14% more than their private sector counterparts on average across all sectors.
A good and competitive compensation would range anywhere between 6,830 NZD and 7,870 NZD. This is a very rough estimate and your experience and education will play a very huge part into your final earnings.
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.
The base salary for AML Analyst in Cook Islands is ranges from 5,510 NZD to 7,870 NZD. 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.
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
©Salary Explorer 2023