Average ATM Manager Salary in Maldives for 2024

In this article, we will look at the average ATM Manager 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 ATM Manager Make in Maldives?

An ATM Manager working in Maldives will typically earn around 351,200 MVR per year, and this can range from the lowest average salary of about 187,300 MVR to the highest average salary of 535,800 MVR.

Average Annual Salary
351,200 MVR
Average Monthly Salary
29,266 MVR

Lowest Annual Salary
187,300 MVR
Lowest Monthly Salary
15,608 MVR

Highest Annual Salary
535,800 MVR
Highest Monthly Salary
44,650 MVR

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

ATM Manager 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 ATM Manager Salaries in Maldives

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

Salary ranges

We already know that an ATM Manager can earn between 187,300 MVR and 535,800 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 ATM Manager in Maldives is 330,900 MVR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 330,900 MVR, and 50% of the population earn more than 330,900 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 ATM Manager salary in Maldives, 25% of the population are earning less than 232,400 MVR while 75% of the population earn more than 232,400 MVR.

75% of the population earn less than 407,100 MVR, and 25% of the population earn more than 407,100 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.

ATM Manager 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 atm manager 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 ATM Manager in Maldives that has less than two years of experience can expect to earn somewhere in the region of 214,000 MVR.
  • 2 - 5 Years Experience. With two to five years of experience the average ATM Manager salary would increase to 263,900 MVR.
  • 5 - 10 Years Experience. From five to ten years of experience as an ATM Manager, the average salary would be 372,600 MVR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 433,800 MVR.
  • 15 - 20 Years Experience. An ATM Manager with 15 to 20 years of experience can earn an average of 480,600 MVR.
  • 20+ Years Experience. For an ATM Manager with more than 20 years, the expected average salary increases to 507,300 MVR.

Average Salary by Experience Chart

0-2 Years
214,000 MVR
2-5 Years +23%
263,900 MVR
5-10 Years +42%
372,600 MVR
10-15 Years +17%
433,800 MVR
15-20 Years +10%
480,600 MVR
20+ Years +6%
507,300 MVR

ATM Manager 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 ATM Manager in Maldives based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. An ATM Manager in Maldives with a certificate or diploma education can earn an average salary of 263,900 MVR.

  • Bachelor's Degree. An ATM Manager in Maldives with a bachelor's degree education can earn an average salary of 340,400 MVR.

  • Master's Degree. An ATM Manager in Maldives with a master's degree education can earn an average salary of 487,600 MVR.

Average Salary by Education Chart

Certificate or Diploma
263,900 MVR
Bachelor's Degree +29%
340,400 MVR
Master's Degree +43%
487,600 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.

ATM Manager 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 atm manager will earn an average of 367,200 MVR, while a female atm manager will earn around 325,900 MVR.

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

Average Salary by Gender Chart in Maldives

Male
367,200 MVR
Female -13%
325,900 MVR

ATM Manager 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 ATM Manager in Maldives is around 8% every 29 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 ÷ 29 ) × 12  = 3%

What this means is that an ATM Manager 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%

ATM Manager 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 ATM Manager is a low bonus based job, with 35% of employees reporting at least one bonus in the last 12 months.

65% 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 3% to 5%.

Received Bonus
35%
No Bonus
65%

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 ATM Manager

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

Job Title Category Salary
AML Analyst Banking 349,300 MVR
Assistant Bank Branch Manager Banking 301,600 MVR
Assistant Bank Manager Banking 406,300 MVR
ATM Service Technician Banking 92,300 MVR
Bank Accounts Analyst Banking 139,100 MVR
Bank Accounts Collector Banking 86,760 MVR
Bank Accounts Controller Banking 174,000 MVR
Bank Accounts Executive Banking 268,900 MVR
Bank Accounts Manager Banking 288,700 MVR
Bank Auditing Manager Banking 301,300 MVR
Bank Branch Manager Banking 397,900 MVR
Bank Branch Operations Coordinator Banking 192,600 MVR
Bank Clerk Banking 79,600 MVR
Bank Client Service Associate Banking 114,940 MVR
Bank Collector Banking 84,580 MVR
Bank Compliance Specialist Banking 218,900 MVR
Bank Manager Banking 483,400 MVR
Bank Operational Risk Manager Banking 504,400 MVR
Bank Operations Head Banking 510,200 MVR
Bank Operations Officer Banking 189,300 MVR
Bank Operations Specialist Banking 312,400 MVR
Bank Process Manager Banking 263,100 MVR
Bank Product Manager Banking 301,700 MVR
Bank Programme Manager Banking 330,700 MVR
Bank Project Manager Banking 403,100 MVR
Bank Propositions Manager Banking 362,200 MVR
Bank Quantitative Analyst Banking 246,200 MVR
Bank Regional Manager Banking 504,300 MVR
Bank Regional Risk Officer Banking 266,000 MVR
Bank Relationship Manager Banking 383,300 MVR
Bank Relationship Officer Banking 161,600 MVR
Bank Teller Banking 88,580 MVR
Banker Banking 167,100 MVR
Banking Business Analyst Banking 259,100 MVR
Banking Business Development Officer Banking 158,700 MVR
Banking Business Planning Executive Banking 352,000 MVR
Banking Product Manager Banking 330,700 MVR
Banking Reference Data Manager Banking 286,400 MVR
Banking Risk Analyst Banking 258,400 MVR
Banking Technical Analyst Banking 128,500 MVR
Bankruptcy Coordinator Banking 172,200 MVR
Bill and Account Collector Banking 89,280 MVR
Budget Analyst Banking 258,400 MVR
Capital Risk Manager Banking 496,100 MVR
Cards Marketing Manager Banking 325,900 MVR
Cash Management Manager Banking 453,200 MVR
Check Processing Manager Banking 345,100 MVR
Commercial Vault Associate Banking 251,500 MVR
Corporate Banker Banking 187,300 MVR
Corporate Dealer Banking 253,400 MVR
Credit Analyst Banking 204,000 MVR
Credit and Collections Manager Banking 332,100 MVR
Credit Card Fraud Investigator Banking 263,100 MVR
Credit Portfolio Manager Banking 493,000 MVR
Credit Risk Analyst Banking 296,000 MVR
Credit Risk Associate Banking 268,900 MVR
Direct Bank Sales Representative Banking 187,500 MVR
Exchange Control Consultant Banking 277,400 MVR
Executive Account Analyst Banking 243,000 MVR
Financial Bank Planning Consultant Banking 340,000 MVR
Financial Banking Analysis Manager Banking 371,100 MVR
Financial Banking Assistant Banking 124,400 MVR
Financial Banking Systems Manager Banking 330,900 MVR
Foreign Exchange Manager Banking 366,200 MVR
Fraud Analyst Banking 263,200 MVR
Fraud Detection Associate Banking 187,300 MVR
Fraud Detection Manager Banking 388,100 MVR
Fraud Detection Supervisor Banking 232,400 MVR
Internal Bank Audit Manager Banking 467,100 MVR
Internal Bank Auditor Banking 258,400 MVR
Internal Private Banker Banking 183,700 MVR
International Banking Manager Banking 504,500 MVR
Investment Banking Analyst Banking 378,800 MVR
Loan Analyst Banking 263,900 MVR
Loan Area Manager Banking 315,700 MVR
Loan Audit Team Leader Banking 294,700 MVR
Loan Branch Manager Banking 301,300 MVR
Loan Business Development Officer Banking 152,100 MVR
Loan Clerk Banking 92,240 MVR
Loan Collection and Recovery Manager Banking 299,500 MVR
Loan Collection Manager Banking 317,700 MVR
Loan Collector Banking 85,460 MVR
Loan Examiner Banking 117,100 MVR
Loan Officer Banking 98,960 MVR
Loan Processing Manager Banking 265,000 MVR
Loan Processor Banking 115,260 MVR
Loan Quality Assurance Auditor Banking 265,000 MVR
Loan Quality Assurance Manager Banking 273,000 MVR
Loan Quality Assurance Representative Banking 190,500 MVR
Loan Review Manager Banking 294,700 MVR
Loan Team Leader Banking 246,200 MVR
Loans Manager Banking 345,700 MVR
Mortgage Advisor Banking 172,200 MVR
Mortgage Collection Manager Banking 301,700 MVR
Mortgage Collector Banking 88,240 MVR
Mortgage Credit Analyst Banking 130,400 MVR
Mortgage Credit Manager Banking 288,100 MVR
Mortgage Development Manager Banking 340,400 MVR
Mortgage Document Reviewer Banking 106,960 MVR
Mortgage Funding Manager Banking 330,700 MVR
Mortgage Operations Manager Banking 420,100 MVR
Mortgage Payment Processing Clerk Banking 96,600 MVR
Mortgage Processing Manager Banking 301,300 MVR
Mortgage Processor Banking 111,900 MVR
Mortgage Quality Assurance Auditor Banking 258,400 MVR
Mortgage Quality Assurance Manager Banking 301,600 MVR
Mortgage Servicing Clerk Banking 88,580 MVR
Mortgage Servicing Manager Banking 286,400 MVR
Mortgage Underwriter Banking 103,580 MVR
Online Banking Manager Banking 445,100 MVR
Payment Processing Clerk Banking 91,660 MVR
Personal Banker Banking 192,600 MVR
Personal Banking Advisor Banking 191,600 MVR
Phone Banker Banking 125,100 MVR
Private Banker Banking 175,900 MVR
Reconciliation and Investigation Specialist Banking 205,700 MVR
Tax Officer Banking 157,600 MVR
Teller Banking 83,760 MVR
Trade Officer Banking 103,140 MVR
Trade Product Manager Banking 301,700 MVR
Trader Banking 128,900 MVR
Treasury Operations Officer Banking 222,300 MVR

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