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AML Analyst Average Salary in Dominica 2023

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

Average Monthly Salary
2,290 XCD
( 27,500 XCD yearly)

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 Dominica typically earns around 2,290 XCD. Salaries range from 1,050 XCD (lowest) to 3,640 XCD (highest).

Salary Variance

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

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

5% of people earn
2,170 XCD or more
10% of people earn
1,900 to 2,170 XCD
20% of people earn
1,310 XCD or less
65% of people earn
1,310 to 1,900 XCD
Minimum Salary
1,050 XCD
2,190 XCD
3,640 XCD

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 Dominica range from 1,050 XCD (starting salary) to 3,640 XCD (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 2,190 XCD, half of the professionals who work as AML Analyst in Dominica 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 Dominica earn less than 1,760 XCD, while 75% earn more. Similarly, the chart shows that 75% earn less than 2,520 XCD 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 Dominica compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,310 XCD to 1,900 XCD. About 20% of salaries are below the 1,310 XCD mark, while 10% fall within the range of 1,900 XCD to 2,170 XCD. Only 5% of individuals have salaries exceeding 2,170 XCD.

Salary Comparison by Years of Experience / AML Analyst / Dominica

How do experience and age affect pay?

0 - 2 Years
1,200 XCD
2 - 5 Years+34%
1,600 XCD
5 - 10 Years+48%
2,360 XCD
10 - 15 Years+22%
2,880 XCD
15 - 20 Years+9%
3,140 XCD
20+ Years+8%
3,390 XCD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Dominica 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 1,200 XCD.

While someone with an experience level between two and five years is expected to earn 1,600 XCD, 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 2,360 XCD, 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 2,880 XCD, 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 3,140 XCD, 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 3,390 XCD, 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 / Dominica

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
1,360 XCD
Bachelor's Degree+57%
2,140 XCD
Master's Degree+68%
3,590 XCD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Dominica 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 1,360 XCD.

Level 2: Bachelor's Degree

At this level, the average salary becomes 2,140 XCD, 57% more than the previous level.

Level 3: Master's Degree

At this level, the average salary becomes 3,590 XCD, 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 Dominica costs anywhere from 7,470 XCD to 22,400 XCD 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 / Dominica

Salary comparison by gender Dominica 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 Dominica, the average difference between the salary of male and female employees is 19%.

2,490 XCD
2,090 XCD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Dominica for all Careers

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

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

Individuals working as AML Analyst in Dominica 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 Dominica 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.

Dominica / All Professions

Annual Salary Increment Rate Dominica
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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 Dominica is 2%.

Annual Increment Rate By Industry 2022

Information Technology

Listed above are the average annual increase rates for each industry in Dominica 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

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 / Dominica

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Dominica 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
No Bonus

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.

A graphics designer working for a graphics designing company.

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.

Salary Trend and Forecast / AML Analyst / Dominica

How are salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Average Salary 2019
1,980 XCD
Average Salary 2020+4%
2,050 XCD
Average Salary 2021+4%
2,130 XCD
Average Salary 2022+4%
2,210 XCD
Percentage increase and decrease are relative to the previous value

Salaries for individuals working as AML Analyst in Dominica are on the rise in the year 2023 based on recently submitted salaries and reports. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from one industry to another.

Salary trends and forecast monthly Dominica AML Analyst
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Average Hourly Wage / AML Analyst / Dominica

13 XCD per hour

The average hourly wage (pay per hour) for individuals working as AML Analyst in Dominica is 13 XCD.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 Dominica is 6 XCD. 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

2,290 XCD
1,620 XCD
1,490 XCD
Average Salary
AML Analyst
Average Salary
Average Salary
All Jobs
Salary Comparison Between AML Analyst and Banking monthly Dominica
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Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst2,290 XCD+0%
Assistant Bank Branch Manager1,990 XCD-13%
Assistant Bank Manager2,480 XCD+8%
ATM Manager2,220 XCD-3%
ATM Service Technician590 XCD-74%
Bank Accounts Analyst880 XCD-62%
Bank Accounts Controller1,090 XCD-52%
Bank Accounts Executive1,550 XCD-32%
Bank Accounts Manager1,910 XCD-17%
Bank Auditing Manager1,820 XCD-20%
Bank Branch Manager2,560 XCD+12%
Bank Clerk500 XCD-78%
Bank Compliance Specialist1,320 XCD-42%
Bank Manager3,050 XCD+33%
Bank Operational Risk Manager3,090 XCD+35%
Bank Operations Head3,050 XCD+33%
Bank Operations Officer1,270 XCD-45%
Bank Operations Specialist1,830 XCD-20%
Bank Process Manager1,650 XCD-28%
Bank Product Manager 2,060 XCD-10%
Bank Programme Manager2,180 XCD-5%
Bank Project Manager2,360 XCD+3%
Bank Propositions Manager2,290 XCD+0%
Bank Quantitative Analyst1,540 XCD-33%
Bank Regional Manager3,180 XCD+39%
Bank Regional Risk Officer1,640 XCD-28%
Bank Relationship Manager2,240 XCD-2%
Bank Relationship Officer1,020 XCD-55%
Banker1,050 XCD-54%
Banking Business Analyst1,640 XCD-28%
Banking Business Development Officer1,020 XCD-55%
Banking Business Planning Executive2,190 XCD-4%
Banking Product Manager2,020 XCD-12%
Banking Reference Data Manager1,810 XCD-21%
Banking Risk Analyst1,550 XCD-32%
Banking Technical Analyst830 XCD-64%
Bankruptcy Coordinator1,160 XCD-49%
Budget Analyst1,580 XCD-31%
Cards Marketing Manager2,080 XCD-9%
Cash Management Manager2,740 XCD+20%
Check Processing Manager2,150 XCD-6%
Commercial Vault Associate1,590 XCD-31%
Corporate Dealer1,720 XCD-25%
Credit Analyst1,270 XCD-45%
Credit and Collections Manager2,110 XCD-8%
Credit Card Fraud Investigator1,720 XCD-25%
Credit Portfolio Manager2,980 XCD+30%
Credit Risk Analyst1,860 XCD-19%
Credit Risk Associate1,740 XCD-24%
Direct Bank Sales Representative1,130 XCD-51%
Financial Bank Planning Consultant2,090 XCD-9%
Financial Banking Analysis Manager2,400 XCD+5%
Financial Banking Assistant750 XCD-67%
Financial Banking Systems Manager2,270 XCD-1%
Foreign Exchange Manager2,330 XCD+2%
Fraud Analyst1,630 XCD-29%
Fraud Detection Associate1,110 XCD-52%
Fraud Detection Manager2,430 XCD+6%
Fraud Detection Supervisor1,420 XCD-38%
Internal Bank Audit Manager3,030 XCD+32%
Internal Bank Auditor1,550 XCD-32%
International Banking Manager3,140 XCD+37%
Loan Analyst1,640 XCD-28%
Loan Area Manager1,900 XCD-17%
Loan Audit Team Leader1,780 XCD-22%
Loan Branch Manager1,870 XCD-18%
Loan Business Development Officer970 XCD-58%
Loan Clerk540 XCD-76%
Loan Collection Manager1,960 XCD-14%
Loan Collector540 XCD-76%
Loan Examiner700 XCD-69%
Loan Processing Manager1,650 XCD-28%
Loan Processor730 XCD-68%
Loan Quality Assurance Auditor1,580 XCD-31%
Loan Quality Assurance Manager1,870 XCD-18%
Loan Quality Assurance Representative1,200 XCD-48%
Loan Review Manager1,730 XCD-24%
Loan Team Leader1,650 XCD-28%
Mortgage Advisor1,090 XCD-52%
Mortgage Collection Manager1,950 XCD-15%
Mortgage Collector520 XCD-77%
Mortgage Credit Analyst820 XCD-64%
Mortgage Credit Manager1,820 XCD-20%
Mortgage Development Manager2,010 XCD-12%
Mortgage Document Reviewer730 XCD-68%
Mortgage Funding Manager2,070 XCD-10%
Mortgage Operations Manager2,770 XCD+21%
Mortgage Payment Processing Clerk590 XCD-74%
Mortgage Processing Manager1,760 XCD-23%
Mortgage Processor730 XCD-68%
Mortgage Quality Assurance Auditor1,610 XCD-30%
Mortgage Quality Assurance Manager1,770 XCD-23%
Mortgage Servicing Clerk540 XCD-76%
Mortgage Servicing Manager1,840 XCD-20%
Mortgage Underwriter700 XCD-69%
Online Banking Manager2,830 XCD+24%
Payment Processing Clerk550 XCD-76%
Personal Banker1,130 XCD-51%
Personal Banking Advisor 1,180 XCD-48%
Phone Banker800 XCD-65%
Private Banker1,200 XCD-48%
Reconciliation and Investigation Specialist1,360 XCD-41%
Teller560 XCD-76%
Trade Officer630 XCD-72%
Trade Product Manager1,910 XCD-17%
Trader770 XCD-66%
Treasury Operations Officer1,440 XCD-37%

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 Dominica is 14% on average across all career fields.

Private Sector
1,370 XCD
Public Sector+14%
1,570 XCD
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 Dominica?

A good and competitive compensation would range anywhere between 2,190 XCD and 2,520 XCD. 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 Dominica ranges from 1,760 XCD to 2,520 XCD. 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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