AML Analyst Average Salary in Dominica 2023
How much money does a person working as AML Analyst make in Dominica?
LOW
1,050
XCD AVERAGE
2,290
XCD HIGH
3,640
XCD
A person working as AML Analyst in Dominica typically earns around 2,290 XCD per month. Salaries range from 1,050 XCD (lowest) to 3,640 XCD (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 Dominica
Salary Structure and Pay Scale Comparison
2,170 XCD or more
1,900 to 2,170 XCD
1,310 XCD or less
1,310 to 1,900 XCD
 1,050 XCD |
2,190 XCD |
3,640 XCD |
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 Dominica range from 1,050 XCD per month (starting salary) to 3,640 XCD 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 2,190 XCD per month, which means that half (50%) of people working as AML Analyst(s) are earning less than 2,190 XCD while the other half are earning more than 2,190 XCD. 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 1,760 XCD while 75% of them are earning more than 1,760 XCD. Also from the diagram, 75% of AML Analyst(s) are earning less than 2,520 XCD while 25% are earning more than 2,520 XCD.
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 1,310 XCD to 1,900 XCD. Approximatly 20% fall under the 1,310 XCD cap. Ten percent of wages are from 1,900 XCD to 2,170 XCD. Only 5% of people grossed 2,170 XCD 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 Dominica
| 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 |
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 1,200 XCD per month.
While someone with an experience level between two and five years is expected to earn 1,600 XCD 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 2,360 XCD 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 2,880 XCD 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 3,140 XCD 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 3,390 XCD 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 Dominica
| Certificate or Diploma | 1,360 XCD | |
| Bachelor's Degree | +57% | 2,140 XCD |
| Master's Degree | +68% | 3,590 XCD |
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 1,360 XCD per month.
While someone with a Bachelor's Degree gets a salary of 2,140 XCD per month, 57% more than someone having a Certificate or Diploma degree.
People with Master's Degree have an average salary of 3,590 XCD 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 Dominica costs anywhere from 7,470 East Caribbean Dollar(s) to 22,400 East Caribbean 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.
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 Dominica earn 19% more than their female counterparts on average.
| Male | 2,490 XCD | |
| Female | -16% | 2,090 XCD |
Salary Comparison By Gender in Dominica for all Careers
AML Analyst Average Annual Salary Increment Percentage in Dominica
How much are annual salary increments in Dominica for AML Analyst(s)? How often do employees get salary raises?
AML Analyst
AML Analyst(s) 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.
Dominica / 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 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
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 Dominica
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 Dominica
How are AML Analyst 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 |
AML Analyst salaries in Dominica 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 Dominica
13 XCD per hourThe average hourly wage (pay per hour) in Dominica is 13 XCD. This means that the average AML Analyst in Dominica earns approximately 13 XCD 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 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
The average salary for AML Analyst is 41% 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 | 2,290 XCD |  +0% |
| Assistant Bank Branch Manager | 1,990 XCD |  -13% |
| Assistant Bank Manager | 2,480 XCD | +8% |
| ATM Manager | 2,220 XCD | -3% |
| ATM Service Technician | 590 XCD | -74% |
| Bank Accounts Analyst | 880 XCD | -62% |
| Bank Accounts Controller | 1,090 XCD | -52% |
| Bank Accounts Executive | 1,550 XCD | -32% |
| Bank Accounts Manager | 1,910 XCD | -17% |
| Bank Auditing Manager | 1,820 XCD | -20% |
| Bank Branch Manager | 2,560 XCD | +12% |
| Bank Clerk | 500 XCD | -78% |
| Bank Compliance Specialist | 1,320 XCD | -42% |
| Bank Manager | 3,050 XCD | +33% |
| Bank Operational Risk Manager | 3,090 XCD | +35% |
| Bank Operations Head | 3,050 XCD | +33% |
| Bank Operations Officer | 1,270 XCD | -45% |
| Bank Operations Specialist | 1,830 XCD | -20% |
| Bank Process Manager | 1,650 XCD | -28% |
| Bank Product Manager | 2,060 XCD | -10% |
| Bank Programme Manager | 2,180 XCD | -5% |
| Bank Project Manager | 2,360 XCD | +3% |
| Bank Propositions Manager | 2,290 XCD | +0% |
| Bank Quantitative Analyst | 1,540 XCD | -33% |
| Bank Regional Manager | 3,180 XCD | +39% |
| Bank Regional Risk Officer | 1,640 XCD | -28% |
| Bank Relationship Manager | 2,240 XCD | -2% |
| Bank Relationship Officer | 1,020 XCD | -55% |
| Banker | 1,050 XCD | -54% |
| Banking Business Analyst | 1,640 XCD | -28% |
| Banking Business Development Officer | 1,020 XCD | -55% |
| Banking Business Planning Executive | 2,190 XCD | -4% |
| Banking Product Manager | 2,020 XCD | -12% |
| Banking Reference Data Manager | 1,810 XCD | -21% |
| Banking Risk Analyst | 1,550 XCD | -32% |
| Banking Technical Analyst | 830 XCD | -64% |
| Bankruptcy Coordinator | 1,160 XCD | -49% |
| Budget Analyst | 1,580 XCD | -31% |
| Cards Marketing Manager | 2,080 XCD | -9% |
| Cash Management Manager | 2,740 XCD | +20% |
| Check Processing Manager | 2,150 XCD | -6% |
| Commercial Vault Associate | 1,590 XCD | -31% |
| Corporate Dealer | 1,720 XCD | -25% |
| Credit Analyst | 1,270 XCD | -45% |
| Credit and Collections Manager | 2,110 XCD | -8% |
| Credit Card Fraud Investigator | 1,720 XCD | -25% |
| Credit Portfolio Manager | 2,980 XCD | +30% |
| Credit Risk Analyst | 1,860 XCD | -19% |
| Credit Risk Associate | 1,740 XCD | -24% |
| Direct Bank Sales Representative | 1,130 XCD | -51% |
| Financial Bank Planning Consultant | 2,090 XCD | -9% |
| Financial Banking Analysis Manager | 2,400 XCD | +5% |
| Financial Banking Assistant | 750 XCD | -67% |
| Financial Banking Systems Manager | 2,270 XCD | -1% |
| Foreign Exchange Manager | 2,330 XCD | +2% |
| Fraud Analyst | 1,630 XCD | -29% |
| Fraud Detection Associate | 1,110 XCD | -52% |
| Fraud Detection Manager | 2,430 XCD | +6% |
| Fraud Detection Supervisor | 1,420 XCD | -38% |
| Internal Bank Audit Manager | 3,030 XCD | +32% |
| Internal Bank Auditor | 1,550 XCD | -32% |
| International Banking Manager | 3,140 XCD | +37% |
| Loan Analyst | 1,640 XCD | -28% |
| Loan Area Manager | 1,900 XCD | -17% |
| Loan Audit Team Leader | 1,780 XCD | -22% |
| Loan Branch Manager | 1,870 XCD | -18% |
| Loan Business Development Officer | 970 XCD | -58% |
| Loan Clerk | 540 XCD | -76% |
| Loan Collection Manager | 1,960 XCD | -14% |
| Loan Collector | 540 XCD | -76% |
| Loan Examiner | 700 XCD | -69% |
| Loan Processing Manager | 1,650 XCD | -28% |
| Loan Processor | 730 XCD | -68% |
| Loan Quality Assurance Auditor | 1,580 XCD | -31% |
| Loan Quality Assurance Manager | 1,870 XCD | -18% |
| Loan Quality Assurance Representative | 1,200 XCD | -48% |
| Loan Review Manager | 1,730 XCD | -24% |
| Loan Team Leader | 1,650 XCD | -28% |
| Mortgage Advisor | 1,090 XCD | -52% |
| Mortgage Collection Manager | 1,950 XCD | -15% |
| Mortgage Collector | 520 XCD | -77% |
| Mortgage Credit Analyst | 820 XCD | -64% |
| Mortgage Credit Manager | 1,820 XCD | -20% |
| Mortgage Development Manager | 2,010 XCD | -12% |
| Mortgage Document Reviewer | 730 XCD | -68% |
| Mortgage Funding Manager | 2,070 XCD | -10% |
| Mortgage Operations Manager | 2,770 XCD | +21% |
| Mortgage Payment Processing Clerk | 590 XCD | -74% |
| Mortgage Processing Manager | 1,760 XCD | -23% |
| Mortgage Processor | 730 XCD | -68% |
| Mortgage Quality Assurance Auditor | 1,610 XCD | -30% |
| Mortgage Quality Assurance Manager | 1,770 XCD | -23% |
| Mortgage Servicing Clerk | 540 XCD | -76% |
| Mortgage Servicing Manager | 1,840 XCD | -20% |
| Mortgage Underwriter | 700 XCD | -69% |
| Online Banking Manager | 2,830 XCD | +24% |
| Payment Processing Clerk | 550 XCD | -76% |
| Personal Banker | 1,130 XCD | -51% |
| Personal Banking Advisor | 1,180 XCD | -48% |
| Phone Banker | 800 XCD | -65% |
| Private Banker | 1,200 XCD | -48% |
| Reconciliation and Investigation Specialist | 1,360 XCD | -41% |
| Teller | 560 XCD | -76% |
| Trade Officer | 630 XCD | -72% |
| Trade Product Manager | 1,910 XCD | -17% |
| Trader | 770 XCD | -66% |
| Treasury Operations Officer | 1,440 XCD | -37% |
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 Dominica earn 14% more than their private sector counterparts on average across all sectors.
| Private Sector | 1,370 XCD | |
| Public Sector | +14% | 1,570 XCD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for 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 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 Dominica is 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 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
