Average Financial Actuary Salary in Moldova for 2024

In this article, we will look at the average Financial Actuary salary for 2024 in Moldova 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 Moldovan leu. To keep things simple, we are using the MDL currency code instead of the currency symbol L.

How Much Does a Financial Actuary Make in Moldova?

A Financial Actuary working in Moldova will typically earn around 339,100 MDL per year, and this can range from the lowest average salary of about 154,700 MDL to the highest average salary of 535,800 MDL.

Average Annual Salary
339,100 MDL
Average Monthly Salary
28,258 MDL

Lowest Annual Salary
154,700 MDL
Lowest Monthly Salary
12,891 MDL

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

These are average salaries for a Financial Actuary in Moldova and include benefits such as housing and transport. It's also possible for a Financial Actuary to earn more or less than the average salaries shown above.

Financial Actuary 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 Financial Actuary Salaries in Moldova

So we've looked at the average salaries a Financial Actuary will earn in Moldova. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Financial Actuary can earn between 154,700 MDL and 535,800 MDL on average in Moldova. 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 a Financial Actuary in Moldova is 365,400 MDL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 365,400 MDL, and 50% of the population earn more than 365,400 MDL.

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 Financial Actuary salary in Moldova, 25% of the population are earning less than 232,400 MDL while 75% of the population earn more than 232,400 MDL.

75% of the population earn less than 485,300 MDL, and 25% of the population earn more than 485,300 MDL.

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.

Financial Actuary Salary by Experience Level in Moldova

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 financial actuary 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. A Financial Actuary in Moldova that has less than two years of experience can expect to earn somewhere in the region of 174,000 MDL.
  • 2 - 5 Years Experience. With two to five years of experience the average Financial Actuary salary would increase to 233,900 MDL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Financial Actuary, the average salary would be 345,700 MDL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 424,300 MDL.
  • 15 - 20 Years Experience. A Financial Actuary with 15 to 20 years of experience can earn an average of 460,500 MDL.
  • 20+ Years Experience. For a Financial Actuary with more than 20 years, the expected average salary increases to 498,000 MDL.

Average Salary by Experience Chart

0-2 Years
174,000 MDL
2-5 Years +34%
233,900 MDL
5-10 Years +48%
345,700 MDL
10-15 Years +22%
424,300 MDL
15-20 Years +9%
460,500 MDL
20+ Years +8%
498,000 MDL

Financial Actuary Salary by Education Level in Moldova

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 a Financial Actuary in Moldova based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Financial Actuary in Moldova with a high school education can earn an average salary of 215,100 MDL.

  • Certificate or Diploma. A Financial Actuary in Moldova with a certificate or diploma education can earn an average salary of 252,300 MDL.

  • Bachelor's Degree. A Financial Actuary in Moldova with a bachelor's degree education can earn an average salary of 367,200 MDL.

  • Master's Degree. A Financial Actuary in Moldova with a master's degree education can earn an average salary of 483,400 MDL.

Average Salary by Education Chart

High School
215,100 MDL
Certificate or Diploma +18%
252,300 MDL
Bachelor's Degree +45%
367,200 MDL
Master's Degree +31%
483,400 MDL

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 Moldova is around 133,000 to 400,000 MDL 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.

Financial Actuary 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 Moldova, a male financial actuary will earn an average of 354,000 MDL, while a female financial actuary will earn around 318,800 MDL.

This means that a male financial actuary earns approximately 11% more than a female financial actuary for performing the same job.

Average Salary by Gender Chart in Moldova

Male
354,000 MDL
Female -11%
318,800 MDL

Financial Actuary Average Pay Raise in Moldova

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 a Financial Actuary in Moldova is around 7% every 29 months.

The national average pay raise across all professions and industries in Moldova 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 = ( 7 ÷ 29 ) × 12  = 3%

What this means is that a Financial Actuary in Moldova can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Moldova for 2024

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

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

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Financial Actuary Bonus and Incentive Rates in Moldova

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.

A Financial Actuary is a low bonus based job, with 41% of employees reporting at least one bonus in the last 12 months.

59% 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 2% to 7%.

Received Bonus
41%
No Bonus
59%

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 Moldova earn approximately 14% more than private sector employees in the same role.

Public Sector
335,800 MDL
Private Sector -14%
294,300 MDL

Salaries for Jobs Similar to a Financial Actuary

In the table below, we have salary information for jobs that are similar to a Financial Actuary in Moldova.

Job Title Category Salary
Account Examiner Accounting and Finance 161,300 MDL
Account Executive Accounting and Finance 288,100 MDL
Accountant Accounting and Finance 212,500 MDL
Accounting Analyst Accounting and Finance 290,800 MDL
Accounting Assistant Accounting and Finance 172,200 MDL
Accounting Associate Accounting and Finance 164,200 MDL
Accounting Clerk Accounting and Finance 137,400 MDL
Accounting Coordinator Accounting and Finance 194,600 MDL
Accounting Head Accounting and Finance 455,400 MDL
Accounting Manager Accounting and Finance 475,700 MDL
Accounting Officer Accounting and Finance 163,800 MDL
Accounting Specialist Accounting and Finance 314,500 MDL
Accounting Supervisor Accounting and Finance 312,400 MDL
Accounting Technician Accounting and Finance 163,800 MDL
Accounting Unit Controller Accounting and Finance 369,300 MDL
Accounts Executive Accounting and Finance 294,300 MDL
Accounts Officer Accounting and Finance 172,200 MDL
Accounts Payable and Receivable Specialist Accounting and Finance 233,900 MDL
Accounts Payable Assistant Accounting and Finance 190,500 MDL
Accounts Payable Associate Accounting and Finance 197,600 MDL
Accounts Payable Clerk Accounting and Finance 172,400 MDL
Accounts Payable Manager Accounting and Finance 433,400 MDL
Accounts Receivable Administrator Accounting and Finance 327,800 MDL
Accounts Receivable Clerk Accounting and Finance 172,200 MDL
Accounts Receivable Financial Analyst Accounting and Finance 309,800 MDL
Accounts Receivable Manager Accounting and Finance 421,400 MDL
Accounts Receivable Team Leader Accounting and Finance 317,700 MDL
Assistant Accountant Accounting and Finance 176,800 MDL
Assistant Accounting Manager Accounting and Finance 411,400 MDL
Assistant Auditor Accounting and Finance 232,900 MDL
Assistant Corporate Controller Accounting and Finance 313,700 MDL
Assistant Finance Manager Accounting and Finance 466,900 MDL
Assistant Financial Controller Accounting and Finance 301,700 MDL
Audit Director Accounting and Finance 501,400 MDL
Audit Supervisor Accounting and Finance 394,500 MDL
Auditing Clerk Accounting and Finance 172,200 MDL
Auditing Manager Accounting and Finance 480,300 MDL
Billing Clerk Accounting and Finance 172,200 MDL
Billing Coordinator Accounting and Finance 210,500 MDL
Billing Specialist Accounting and Finance 232,900 MDL
Billing Supervisor Accounting and Finance 361,500 MDL
Bookkeeper Accounting and Finance 148,300 MDL
Bookkeeping Specialist Accounting and Finance 221,500 MDL
Budget Analyst Accounting and Finance 397,900 MDL
Budget Manager Accounting and Finance 450,300 MDL
Business Support Analyst Accounting and Finance 263,200 MDL
Capital Markets Associate Accounting and Finance 340,000 MDL
Cash Flow Analyst Accounting and Finance 345,100 MDL
Cash Management Manager Accounting and Finance 424,900 MDL
Cash Management Officer Accounting and Finance 258,400 MDL
Cashbook Clerk Accounting and Finance 158,700 MDL
Chartered Accountant Accounting and Finance 299,500 MDL
Chief Accountant Accounting and Finance 345,100 MDL
Collections Clerk Accounting and Finance 143,200 MDL
Collections Representative Accounting and Finance 207,800 MDL
Collections Specialist Accounting and Finance 238,900 MDL
Corporate Controller Accounting and Finance 354,000 MDL
Corporate Treasurer Accounting and Finance 447,700 MDL
Cost Accountant Accounting and Finance 225,300 MDL
Cost Accounting Manager Accounting and Finance 442,200 MDL
Cost Accounting Supervisor Accounting and Finance 367,900 MDL
Cost Analyst Accounting and Finance 367,900 MDL
Credit and Collection Manager Accounting and Finance 436,200 MDL
Credit and Collection Staff Accounting and Finance 174,000 MDL
Credit and Loans Officer Accounting and Finance 158,700 MDL
Credit Controller Accounting and Finance 322,600 MDL
Credit Manager Accounting and Finance 472,100 MDL
Debt Adviser Accounting and Finance 372,600 MDL
Debt Collector Accounting and Finance 190,500 MDL
Debtors Clerk Accounting and Finance 152,100 MDL
Debtors Controller Accounting and Finance 163,800 MDL
Deputy CFO Accounting and Finance 589,400 MDL
Deputy Head of Finance Accounting and Finance 641,900 MDL
Derivative Trader Accounting and Finance 386,400 MDL
Director of Finance Accounting and Finance 683,400 MDL
Economist Accounting and Finance 528,500 MDL
Equity Analyst Accounting and Finance 403,100 MDL
Escrow Assistant Accounting and Finance 209,700 MDL
Executive Accountant Accounting and Finance 251,500 MDL
External Auditor Accounting and Finance 307,400 MDL
Finance Administrator Accounting and Finance 275,800 MDL
Finance Analyst Accounting and Finance 413,900 MDL
Finance Associate Accounting and Finance 194,600 MDL
Finance Director Accounting and Finance 687,100 MDL
Finance Executive Accounting and Finance 464,400 MDL
Finance Licensing Clerk Accounting and Finance 159,100 MDL
Finance Licensing Manager Accounting and Finance 436,200 MDL
Finance Licensing Specialist Accounting and Finance 233,600 MDL
Finance Manager Accounting and Finance 614,600 MDL
Finance Officer Accounting and Finance 217,900 MDL
Finance President Accounting and Finance 694,700 MDL
Finance Relationship Manager Accounting and Finance 507,300 MDL
Finance Release Analyst Accounting and Finance 254,800 MDL
Finance Specialist Accounting and Finance 378,300 MDL
Finance Team Leader Accounting and Finance 485,300 MDL
Financial Accountant Accounting and Finance 218,900 MDL
Financial Administrator Accounting and Finance 361,600 MDL
Financial Advisor Accounting and Finance 388,100 MDL
Financial Analyst Accounting and Finance 399,900 MDL
Financial Applications Specialist Accounting and Finance 286,400 MDL
Financial Assistant Accounting and Finance 174,000 MDL
Financial Associate Accounting and Finance 180,300 MDL
Financial Associate Accounting and Finance 214,000 MDL
Financial Claims Analyst Accounting and Finance 299,500 MDL
Financial Claims Manager Accounting and Finance 409,000 MDL
Financial Claims Supervisor Accounting and Finance 359,900 MDL
Financial Clerk Accounting and Finance 169,000 MDL
Financial Commercial Analyst Accounting and Finance 313,700 MDL
Financial Compliance Analyst Accounting and Finance 352,000 MDL
Financial Consultant Accounting and Finance 314,500 MDL
Financial Controller Accounting and Finance 361,600 MDL
Financial Controller Accounting and Finance 365,400 MDL
Financial Coordinator Accounting and Finance 215,100 MDL
Financial Customer Service Manager Accounting and Finance 430,000 MDL
Financial Dealer and Broker Accounting and Finance 254,800 MDL
Financial Director Accounting and Finance 681,900 MDL
Financial Encoder Accounting and Finance 187,300 MDL
Financial Manager Accounting and Finance 602,700 MDL
Financial Manager Accounting and Finance 659,400 MDL
Financial Operations Manager Accounting and Finance 596,800 MDL
Financial Policy Analyst Accounting and Finance 335,800 MDL
Financial Project Manager Accounting and Finance 454,900 MDL
Financial Quantitative Analyst Accounting and Finance 394,500 MDL
Financial Reporting Consultant Accounting and Finance 341,400 MDL
Financial Reporting Manager Accounting and Finance 413,900 MDL
Financial Section Head Accounting and Finance 420,100 MDL
Financial Services Manager Accounting and Finance 563,000 MDL
Financial Services Sales Agent Accounting and Finance 251,500 MDL
Fixed Assets Administrator Accounting and Finance 243,000 MDL
Forensic Accountant Accounting and Finance 258,400 MDL
Fraud Detection Supervisor Accounting and Finance 273,000 MDL
Fraud Prevention Manager Accounting and Finance 472,000 MDL
Fund Accountant Accounting and Finance 208,600 MDL
Grants Coordinator Accounting and Finance 172,200 MDL
Group Financial Manager Accounting and Finance 649,700 MDL
Internal Auditor Accounting and Finance 305,600 MDL
Internal Control Adviser Accounting and Finance 352,000 MDL
Internal Control Officer Accounting and Finance 201,100 MDL
International Tax Director Accounting and Finance 539,700 MDL
Inventory Accountant Accounting and Finance 238,900 MDL
Investment Advisor Accounting and Finance 608,500 MDL
Investment Analyst Accounting and Finance 467,100 MDL
Investment Associate Accounting and Finance 369,900 MDL
Investment Broker Accounting and Finance 376,800 MDL
Investment Fund Manager Accounting and Finance 510,200 MDL
Investment Operations Manager Accounting and Finance 518,900 MDL
Investment Underwriter Accounting and Finance 183,700 MDL
Investor Accounting and Finance 281,500 MDL
Investor Relations Manager Accounting and Finance 454,900 MDL
KYC Team Leader Accounting and Finance 442,200 MDL
Loan Processor Accounting and Finance 191,600 MDL
Management Accountant Accounting and Finance 258,400 MDL
Management Economist Accounting and Finance 528,500 MDL
Paymaster Accounting and Finance 176,800 MDL
Payroll Administrator Accounting and Finance 296,000 MDL
Payroll Benefits Coordinator Accounting and Finance 246,500 MDL
Payroll Billing Manager Accounting and Finance 425,100 MDL
Payroll Clerk Accounting and Finance 205,700 MDL
Payroll Manager Accounting and Finance 403,100 MDL
Payroll Officer Accounting and Finance 192,600 MDL
Payroll Specialist Accounting and Finance 238,900 MDL
Payroll Supervisor Accounting and Finance 294,700 MDL
Pensions Administrator Accounting and Finance 239,000 MDL
Personal Financial Advisor Accounting and Finance 340,400 MDL
Pricing Analyst Accounting and Finance 366,200 MDL
Private Equity Analyst Accounting and Finance 385,300 MDL
Project Accountant Accounting and Finance 240,500 MDL
Proposal Development Coordinator Accounting and Finance 201,100 MDL
Receivables Accountant Accounting and Finance 204,700 MDL
Regulatory Accountant Accounting and Finance 240,500 MDL
Retirement Plan Analyst Accounting and Finance 354,000 MDL
Revenue Management Specialist Accounting and Finance 382,600 MDL
Revenue Recognition Analyst Accounting and Finance 398,300 MDL
Risk Management Director Accounting and Finance 531,700 MDL
Risk Management Supervisor Accounting and Finance 457,300 MDL
Staff Accountant Accounting and Finance 209,700 MDL
Tax Accountant Accounting and Finance 221,500 MDL
Tax Administrator Accounting and Finance 243,000 MDL
Tax Advisor Accounting and Finance 357,700 MDL
Tax Analyst Accounting and Finance 339,100 MDL
Tax Associate Accounting and Finance 190,500 MDL
Tax Consultant Accounting and Finance 366,200 MDL
Tax Director Accounting and Finance 500,100 MDL
Tax Examiner Accounting and Finance 237,400 MDL
Tax Manager Accounting and Finance 445,100 MDL
Tax Research Manager Accounting and Finance 464,400 MDL
Teller Accounting and Finance 138,800 MDL
Treasury Accountant Accounting and Finance 237,400 MDL
Treasury Analyst Accounting and Finance 357,700 MDL
Underwriter Accounting and Finance 154,700 MDL
Underwriting Assistant Accounting and Finance 152,000 MDL
Vice President of Finance Accounting and Finance 608,500 MDL

Salary Comparison by City

If you want to compare salaries with different cities in Moldova, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Chisinau 365,400 MDL

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