A person working as AML Analyst in Mauritius typically earns around 73,300 MUR. Salaries range from 33,700 MUR (lowest) to 117,000 MUR (highest).
This is the average salary including housing, transport, and other benefits. AML Analyst salaries in Mauritius vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Salaries for the position AML Analyst in Mauritius range from 33,700 MUR (starting salary) to 117,000 MUR (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.
With a median salary of 70,100 MUR, half of the professionals who work as AML Analyst in Mauritius 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.
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 Mauritius earn less than 56,500 MUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 80,800 MUR while 25% earn more.
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 Mauritius compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 42,000 MUR to 60,900 MUR. About 20% of salaries are below the 42,000 MUR mark, while 10% fall within the range of 60,900 MUR to 69,500 MUR. Only 5% of individuals have salaries exceeding 69,500 MUR.
|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 the wage. We broke down salaries by experience level for people working as AML Analyst and this is what we found.
Employees with less than two years of experience earn approximately 38,300 MUR.
While someone with an experience level between two and five years is expected to earn 51,100 MUR, 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 75,600 MUR, 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 92,100 MUR, 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 100,000 MUR, 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 109,000 MUR, 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 salaries by education level for the position AML Analyst in order to make a comparison.
Employees at this education level have an average salary of 43,700 MUR.
At this level, the average salary becomes 68,500 MUR, 57% more than the previous level.
At this level, the average salary becomes 115,000 MUR, 68% more than the previous level.
A Master's degree program or any post-graduate program in Mauritius costs anywhere from 232,000 MUR to 696,000 MUR 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.
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 Mauritius, the average difference between the salary of male and female employees is 11%.
Individuals working as AML Analyst in Mauritius 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 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.
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 Mauritius 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.
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.
|Average Salary 2019|
|Average Salary 2020||+4%|
|Average Salary 2021||+4%|
|Average Salary 2022||+4%|
Salaries for individuals working as AML Analyst in Mauritius 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.
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.
The minimum pay rate per hour for people working as AML Analyst in Mauritius is 190 MUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
|Job Title||Average Salary|
|AML Analyst||73,300 MUR||-0%|
|Assistant Bank Branch Manager||60,100 MUR||-18%|
|Assistant Bank Manager||77,500 MUR||+6%|
|ATM Manager||68,000 MUR||-7%|
|ATM Service Technician||19,400 MUR||-74%|
|Bank Accounts Analyst||26,900 MUR||-63%|
|Bank Accounts Controller||36,500 MUR||-50%|
|Bank Accounts Executive||50,900 MUR||-31%|
|Bank Accounts Manager||61,200 MUR||-17%|
|Bank Auditing Manager||58,800 MUR||-20%|
|Bank Branch Manager||87,300 MUR||+19%|
|Bank Clerk||16,100 MUR||-78%|
|Bank Compliance Specialist||45,600 MUR||-38%|
|Bank Manager||98,300 MUR||+34%|
|Bank Operational Risk Manager||98,000 MUR||+34%|
|Bank Operations Head||103,000 MUR||+40%|
|Bank Operations Officer||40,600 MUR||-45%|
|Bank Operations Specialist||63,700 MUR||-13%|
|Bank Process Manager||54,500 MUR||-26%|
|Bank Product Manager||61,500 MUR||-16%|
|Bank Programme Manager||65,600 MUR||-11%|
|Bank Project Manager||77,100 MUR||+5%|
|Bank Propositions Manager||67,600 MUR||-8%|
|Bank Quantitative Analyst||48,200 MUR||-34%|
|Bank Regional Manager||106,000 MUR||+45%|
|Bank Regional Risk Officer||50,300 MUR||-31%|
|Bank Relationship Manager||73,000 MUR||-0%|
|Bank Relationship Officer||32,900 MUR||-55%|
|Banking Business Analyst||52,100 MUR||-29%|
|Banking Business Development Officer||31,800 MUR||-57%|
|Banking Business Planning Executive||75,000 MUR||+2%|
|Banking Product Manager||64,100 MUR||-13%|
|Banking Reference Data Manager||55,500 MUR||-24%|
|Banking Risk Analyst||48,700 MUR||-34%|
|Banking Technical Analyst||27,400 MUR||-63%|
|Bankruptcy Coordinator||35,600 MUR||-51%|
|Budget Analyst||51,400 MUR||-30%|
|Cards Marketing Manager||63,500 MUR||-13%|
|Cash Management Manager||92,100 MUR||+26%|
|Check Processing Manager||63,900 MUR||-13%|
|Commercial Vault Associate||51,500 MUR||-30%|
|Corporate Dealer||54,800 MUR||-25%|
|Credit Analyst||38,800 MUR||-47%|
|Credit and Collections Manager||69,900 MUR||-5%|
|Credit Card Fraud Investigator||55,500 MUR||-24%|
|Credit Portfolio Manager||97,600 MUR||+33%|
|Credit Risk Analyst||58,900 MUR||-20%|
|Credit Risk Associate||56,000 MUR||-24%|
|Direct Bank Sales Representative||35,800 MUR||-51%|
|Financial Bank Planning Consultant||64,000 MUR||-13%|
|Financial Banking Analysis Manager||72,300 MUR||-1%|
|Financial Banking Assistant||24,400 MUR||-67%|
|Financial Banking Systems Manager||72,200 MUR||-2%|
|Foreign Exchange Manager||72,500 MUR||-1%|
|Fraud Analyst||52,100 MUR||-29%|
|Fraud Detection Associate||37,300 MUR||-49%|
|Fraud Detection Manager||80,900 MUR||+10%|
|Fraud Detection Supervisor||46,700 MUR||-36%|
|Internal Bank Audit Manager||94,900 MUR||+29%|
|Internal Bank Auditor||47,400 MUR||-35%|
|International Banking Manager||104,000 MUR||+42%|
|Loan Analyst||50,500 MUR||-31%|
|Loan Area Manager||59,700 MUR||-19%|
|Loan Audit Team Leader||55,900 MUR||-24%|
|Loan Branch Manager||57,500 MUR||-22%|
|Loan Business Development Officer||32,200 MUR||-56%|
|Loan Clerk||17,700 MUR||-76%|
|Loan Collection Manager||62,000 MUR||-15%|
|Loan Collector||16,500 MUR||-77%|
|Loan Examiner||22,800 MUR||-69%|
|Loan Processing Manager||52,800 MUR||-28%|
|Loan Processor||22,900 MUR||-69%|
|Loan Quality Assurance Auditor||53,400 MUR||-27%|
|Loan Quality Assurance Manager||55,800 MUR||-24%|
|Loan Quality Assurance Representative||38,600 MUR||-47%|
|Loan Review Manager||60,400 MUR||-18%|
|Loan Team Leader||50,700 MUR||-31%|
|Mortgage Advisor||36,200 MUR||-51%|
|Mortgage Collection Manager||57,300 MUR||-22%|
|Mortgage Collector||16,600 MUR||-77%|
|Mortgage Credit Analyst||28,000 MUR||-62%|
|Mortgage Credit Manager||55,200 MUR||-25%|
|Mortgage Development Manager||65,700 MUR||-10%|
|Mortgage Document Reviewer||23,200 MUR||-68%|
|Mortgage Funding Manager||64,700 MUR||-12%|
|Mortgage Operations Manager||85,200 MUR||+16%|
|Mortgage Payment Processing Clerk||19,500 MUR||-73%|
|Mortgage Processing Manager||59,400 MUR||-19%|
|Mortgage Processor||24,200 MUR||-67%|
|Mortgage Quality Assurance Auditor||52,400 MUR||-29%|
|Mortgage Quality Assurance Manager||56,300 MUR||-23%|
|Mortgage Servicing Clerk||17,600 MUR||-76%|
|Mortgage Servicing Manager||57,900 MUR||-21%|
|Mortgage Underwriter||21,800 MUR||-70%|
|Online Banking Manager||91,700 MUR||+25%|
|Payment Processing Clerk||17,500 MUR||-76%|
|Personal Banker||38,400 MUR||-48%|
|Personal Banking Advisor||37,200 MUR||-49%|
|Phone Banker||25,000 MUR||-66%|
|Private Banker||37,100 MUR||-49%|
|Reconciliation and Investigation Specialist||42,300 MUR||-42%|
|Trade Officer||20,900 MUR||-71%|
|Trade Product Manager||62,100 MUR||-15%|
|Treasury Operations Officer||44,900 MUR||-39%|
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 Mauritius is 18% on average across all career fields.
A good and competitive compensation would range anywhere between 70,100 MUR and 80,800 MUR. This is a very rough estimate. Experience and education play a very huge part in the 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 salary after tax for every career.
The base salary for a careers like AML Analyst in Mauritius ranges from 56,500 MUR to 80,800 MUR. 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.
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
©Salary Explorer 2023