Average Associate Analyst Salary in Maldives for 2024

In this article, we will look at the average Associate Analyst salary for 2024 in Maldives and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Maldivian rufiyaa. To keep things simple, we are using the MVR currency code instead of the currency symbol .Þƒ.

How Much Does an Associate Analyst Make in Maldives?

An Associate Analyst working in Maldives will typically earn around 232,400 MVR per year, and this can range from the lowest average salary of about 125,100 MVR to the highest average salary of 353,600 MVR.

Average Annual Salary
232,400 MVR
Average Monthly Salary
19,366 MVR

Lowest Annual Salary
125,100 MVR
Lowest Monthly Salary
10,425 MVR

Highest Annual Salary
353,600 MVR
Highest Monthly Salary
29,466 MVR

These are average salaries for an Associate Analyst in Maldives and include benefits such as housing and transport. It's also possible for an Associate Analyst to earn more or less than the average salaries shown above.

Associate Analyst salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Associate Analyst Salaries in Maldives

So we've looked at the average salaries an Associate Analyst will earn in Maldives. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Associate Analyst can earn between 125,100 MVR and 353,600 MVR on average in Maldives. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Associate Analyst in Maldives is 221,500 MVR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 221,500 MVR, and 50% of the population earn more than 221,500 MVR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Associate Analyst salary in Maldives, 25% of the population are earning less than 154,700 MVR while 75% of the population earn more than 154,700 MVR.

75% of the population earn less than 271,300 MVR, and 25% of the population earn more than 271,300 MVR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Associate Analyst Salary by Experience Level in Maldives

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average associate analyst salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Associate Analyst in Maldives that has less than two years of experience can expect to earn somewhere in the region of 142,300 MVR.
  • 2 - 5 Years Experience. With two to five years of experience the average Associate Analyst salary would increase to 172,200 MVR.
  • 5 - 10 Years Experience. From five to ten years of experience as an Associate Analyst, the average salary would be 246,500 MVR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 290,800 MVR.
  • 15 - 20 Years Experience. An Associate Analyst with 15 to 20 years of experience can earn an average of 318,800 MVR.
  • 20+ Years Experience. For an Associate Analyst with more than 20 years, the expected average salary increases to 335,800 MVR.

Average Salary by Experience Chart

0-2 Years
142,300 MVR
2-5 Years +23%
172,200 MVR
5-10 Years +42%
246,500 MVR
10-15 Years +17%
290,800 MVR
15-20 Years +10%
318,800 MVR
20+ Years +6%
335,800 MVR

Associate Analyst Salary by Education Level in Maldives

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Associate Analyst in Maldives based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An Associate Analyst in Maldives with a high school education can earn an average salary of 172,200 MVR.

  • Certificate or Diploma. An Associate Analyst in Maldives with a certificate or diploma education can earn an average salary of 243,000 MVR.

  • Bachelor's Degree. An Associate Analyst in Maldives with a bachelor's degree education can earn an average salary of 344,600 MVR.

Average Salary by Education Chart

High School
172,200 MVR
Certificate or Diploma +40%
243,000 MVR
Bachelor's Degree +42%
344,600 MVR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Maldives is around 95,600 to 287,000 MVR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Associate Analyst Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Maldives, a male associate analyst will earn an average of 243,000 MVR, while a female associate analyst will earn around 215,100 MVR.

This means that a male associate analyst earns approximately 13% more than a female associate analyst for performing the same job.

Average Salary by Gender Chart in Maldives

Male
243,000 MVR
Female -13%
215,100 MVR

Associate Analyst Average Pay Raise in Maldives

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Associate Analyst in Maldives is around 8% every 28 months.

The national average pay raise across all professions and industries in Maldives is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 8 ÷ 28 ) × 12  = 3%

What this means is that an Associate Analyst in Maldives can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Maldives for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Maldives.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Associate Analyst Bonus and Incentive Rates in Maldives

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Associate Analyst is a low bonus based job, with 9% of employees reporting at least one bonus in the last 12 months.

91% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 1% to 3%.

Received Bonus
9%
No Bonus
91%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Maldives earn approximately 8% more than private sector employees in the same role.

Public Sector
237,400 MVR
Private Sector -8%
218,900 MVR

Salaries for Jobs Similar to an Associate Analyst

In the table below, we have salary information for jobs that are similar to an Associate Analyst in Maldives.

Job Title Category Salary
Assistant Yard Manager Oil / Gas / Energy / Mining 212,500 MVR
Associate Landman Oil / Gas / Energy / Mining 98,820 MVR
Auxiliary Equipment Operator Oil / Gas / Energy / Mining 86,460 MVR
Biomass Plant Technician Oil / Gas / Energy / Mining 107,380 MVR
Biomass Power Plant Manager Oil / Gas / Energy / Mining 288,100 MVR
Chemical Plant Operator Oil / Gas / Energy / Mining 181,600 MVR
Chief Contract Compliance Engineer Oil / Gas / Energy / Mining 215,100 MVR
Completions Engineer Oil / Gas / Energy / Mining 204,700 MVR
Cost Controller Oil / Gas / Energy / Mining 161,300 MVR
Cost Engineer Oil / Gas / Energy / Mining 205,700 MVR
Crude Oil Marketing Representative Oil / Gas / Energy / Mining 221,500 MVR
Dispatcher Oil / Gas / Energy / Mining 88,580 MVR
Distribution Manager Oil / Gas / Energy / Mining 282,300 MVR
Dragline Operator Oil / Gas / Energy / Mining 101,020 MVR
Driller Offsider Oil / Gas / Energy / Mining 73,120 MVR
Dump Truck Driver Oil / Gas / Energy / Mining 85,080 MVR
Electric and Gas Operations Manager Oil / Gas / Energy / Mining 471,700 MVR
Energy Advisor Oil / Gas / Energy / Mining 315,700 MVR
Energy Analyst Oil / Gas / Energy / Mining 311,700 MVR
Energy Auditor Oil / Gas / Energy / Mining 258,400 MVR
Energy Dispatch Director Oil / Gas / Energy / Mining 366,200 MVR
Energy Technical Assistant Oil / Gas / Energy / Mining 128,500 MVR
Energy Technical Manager Oil / Gas / Energy / Mining 272,800 MVR
Energy Technical Support Manager Oil / Gas / Energy / Mining 251,500 MVR
Energy Technical Trainer Oil / Gas / Energy / Mining 183,600 MVR
Engineering Geologist Oil / Gas / Energy / Mining 399,900 MVR
Exploration Manager Oil / Gas / Energy / Mining 384,200 MVR
Field Safety Auditor Oil / Gas / Energy / Mining 247,800 MVR
Fluids Engineer Oil / Gas / Energy / Mining 195,200 MVR
Fuel Cell Engineer Oil / Gas / Energy / Mining 231,000 MVR
Fuel Cell Technician Oil / Gas / Energy / Mining 103,900 MVR
Fuels Handler Oil / Gas / Energy / Mining 96,540 MVR
Gas Compressor Operator Oil / Gas / Energy / Mining 98,440 MVR
Gas Distribution Plant Operator Oil / Gas / Energy / Mining 167,100 MVR
Gas Supply Manager Oil / Gas / Energy / Mining 319,600 MVR
Geologist Oil / Gas / Energy / Mining 388,100 MVR
Geophysicist Oil / Gas / Energy / Mining 403,100 MVR
Geothermal Production Manager Oil / Gas / Energy / Mining 381,800 MVR
Geothermal Technician Oil / Gas / Energy / Mining 146,200 MVR
HSE Engineer Oil / Gas / Energy / Mining 208,600 MVR
HSE Officer Oil / Gas / Energy / Mining 128,900 MVR
HSE Supervisor Oil / Gas / Energy / Mining 157,600 MVR
HSEQ Administrator Oil / Gas / Energy / Mining 151,800 MVR
Inspector Oil / Gas / Energy / Mining 192,600 MVR
Instructor Oil / Gas / Energy / Mining 180,500 MVR
Instrument Designer Oil / Gas / Energy / Mining 159,500 MVR
Lead Technical Field Advisor Oil / Gas / Energy / Mining 282,500 MVR
Logistics and Tool Coordinator Oil / Gas / Energy / Mining 185,100 MVR
Maintenance Engineer Oil / Gas / Energy / Mining 222,300 MVR
Maintenance Superintendent Oil / Gas / Energy / Mining 187,300 MVR
Material Controller Oil / Gas / Energy / Mining 136,200 MVR
Mine Engineer Oil / Gas / Energy / Mining 196,800 MVR
Mine Surveyor Oil / Gas / Energy / Mining 240,500 MVR
Mining Project Administrator Oil / Gas / Energy / Mining 196,800 MVR
Mining Project Assistant Oil / Gas / Energy / Mining 154,700 MVR
Mining Project Controls Consultant Oil / Gas / Energy / Mining 228,000 MVR
Mining Project Coordinator Oil / Gas / Energy / Mining 180,300 MVR
Mining Project Engineer Oil / Gas / Energy / Mining 201,100 MVR
Mining Project Manager Oil / Gas / Energy / Mining 263,900 MVR
Mining Site Manager Oil / Gas / Energy / Mining 271,300 MVR
Mining Team Leader Oil / Gas / Energy / Mining 232,400 MVR
NDT Technician Oil / Gas / Energy / Mining 128,900 MVR
Oil Service Unit Operator Oil / Gas / Energy / Mining 108,080 MVR
Oil Trader Oil / Gas / Energy / Mining 282,500 MVR
Oilwell Pumper Oil / Gas / Energy / Mining 77,100 MVR
Petroleum Engineer Oil / Gas / Energy / Mining 239,300 MVR
Petroleum Geologist Oil / Gas / Energy / Mining 386,400 MVR
Petroleum Pump System Operator Oil / Gas / Energy / Mining 113,220 MVR
Petroleum Technician Oil / Gas / Energy / Mining 119,900 MVR
Pipeline Technician Oil / Gas / Energy / Mining 87,020 MVR
Power Coordinator Oil / Gas / Energy / Mining 128,900 MVR
Power Plant Operations Manager Oil / Gas / Energy / Mining 407,100 MVR
Power Plant Operator Oil / Gas / Energy / Mining 175,900 MVR
Radio Operator Oil / Gas / Energy / Mining 96,340 MVR
Reliability Engineer Oil / Gas / Energy / Mining 216,800 MVR
Reservoir Engineer Oil / Gas / Energy / Mining 189,300 MVR
Risk Analyst Oil / Gas / Energy / Mining 266,000 MVR
Roughneck Oil / Gas / Energy / Mining 228,500 MVR
Scaffolder Oil / Gas / Energy / Mining 136,100 MVR
Shutdown Engineer Oil / Gas / Energy / Mining 175,900 MVR
Solar Energy Installation Manager Oil / Gas / Energy / Mining 325,600 MVR
Solar Energy Systems Engineer Oil / Gas / Energy / Mining 212,500 MVR
Solar Photovoltaic Installer Oil / Gas / Energy / Mining 138,200 MVR
Solar Thermal Technician Oil / Gas / Energy / Mining 137,400 MVR
Supply Operations Manager Oil / Gas / Energy / Mining 344,600 MVR
Sustainability Specialist Oil / Gas / Energy / Mining 327,300 MVR
System Development Advisor Oil / Gas / Energy / Mining 239,000 MVR
Tanker Truck Driver Oil / Gas / Energy / Mining 85,940 MVR
Utility Operator Oil / Gas / Energy / Mining 113,700 MVR
Wind Energy Project Manager Oil / Gas / Energy / Mining 309,800 MVR

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