Average Freight Forwarder Salary in Maldives for 2024

In this article, we will look at the average Freight Forwarder 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 a Freight Forwarder Make in Maldives?

A Freight Forwarder working in Maldives will typically earn around 78,420 MVR per year, and this can range from the lowest average salary of about 37,620 MVR to the highest average salary of 119,900 MVR.

Average Annual Salary
78,420 MVR
Average Monthly Salary
6,535 MVR

Lowest Annual Salary
37,620 MVR
Lowest Monthly Salary
3,135 MVR

Highest Annual Salary
119,900 MVR
Highest Monthly Salary
9,991 MVR

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

Freight Forwarder 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 Freight Forwarder Salaries in Maldives

So we've looked at the average salaries a Freight Forwarder will earn in Maldives. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Freight Forwarder can earn between 37,620 MVR and 119,900 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 a Freight Forwarder in Maldives is 81,880 MVR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 81,880 MVR, and 50% of the population earn more than 81,880 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 Freight Forwarder salary in Maldives, 25% of the population are earning less than 51,120 MVR while 75% of the population earn more than 51,120 MVR.

75% of the population earn less than 106,440 MVR, and 25% of the population earn more than 106,440 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.

Freight Forwarder 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 freight forwarder 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 Freight Forwarder in Maldives that has less than two years of experience can expect to earn somewhere in the region of 41,560 MVR.
  • 2 - 5 Years Experience. With two to five years of experience the average Freight Forwarder salary would increase to 59,380 MVR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Freight Forwarder, the average salary would be 80,540 MVR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 98,120 MVR.
  • 15 - 20 Years Experience. A Freight Forwarder with 15 to 20 years of experience can earn an average of 104,060 MVR.
  • 20+ Years Experience. For a Freight Forwarder with more than 20 years, the expected average salary increases to 115,520 MVR.

Average Salary by Experience Chart

0-2 Years
41,560 MVR
2-5 Years +38%
59,380 MVR
5-10 Years +42%
80,540 MVR
10-15 Years +22%
98,120 MVR
15-20 Years +6%
104,060 MVR
20+ Years +9%
115,520 MVR

Freight Forwarder 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 a Freight Forwarder 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. A Freight Forwarder in Maldives with a high school education can earn an average salary of 48,300 MVR.

  • Certificate or Diploma. A Freight Forwarder in Maldives with a certificate or diploma education can earn an average salary of 74,380 MVR.

  • Bachelor's Degree. A Freight Forwarder in Maldives with a bachelor's degree education can earn an average salary of 114,940 MVR.

Average Salary by Education Chart

High School
48,300 MVR
Certificate or Diploma +51%
74,380 MVR
Bachelor's Degree +50%
114,940 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.

Freight Forwarder 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 freight forwarder will earn an average of 80,280 MVR, while a female freight forwarder will earn around 74,540 MVR.

This means that a male freight forwarder earns approximately 8% more than a female freight forwarder for performing the same job.

Average Salary by Gender Chart in Maldives

Male
80,280 MVR
Female -8%
74,540 MVR

Freight Forwarder 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 a Freight Forwarder in Maldives is around 5% every 30 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 = ( 5 ÷ 30 ) × 12  = 2%

What this means is that a Freight Forwarder in Maldives can expect to receive an average pay raise of around 2% 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%

Freight Forwarder 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.

A Freight Forwarder is a low bonus based job, with 14% of employees reporting at least one bonus in the last 12 months.

86% 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 0% to 4%.

Received Bonus
14%
No Bonus
86%

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 a Freight Forwarder

In the table below, we have salary information for jobs that are similar to a Freight Forwarder in Maldives.

Job Title Category Salary
Customs Controller Import and Export 158,700 MVR
Expeditor Import and Export 142,300 MVR
Export Administrator Import and Export 212,500 MVR
Export Controller Import and Export 152,300 MVR
Export Executive Import and Export 204,000 MVR
Export Logistics Manager Import and Export 325,800 MVR
Export Logistics Specialist Import and Export 225,700 MVR
Export Services Manager Import and Export 315,700 MVR
Export Specialist Import and Export 174,000 MVR
Export Supervisor Import and Export 215,100 MVR
Exports Sales Manager Import and Export 345,700 MVR
Global Forwarding Agent Import and Export 172,400 MVR
Immigration and Customs Inspector Import and Export 125,700 MVR
Import and Export Clerk Import and Export 71,400 MVR
Import and Export Consultant Import and Export 283,700 MVR
Import and Export Manager Import and Export 357,300 MVR
Import and Procurement Manager Import and Export 378,300 MVR
Import Coordinator Import and Export 115,940 MVR
Import Customs Specialist Import and Export 152,100 MVR
Import Logistics Specialist Import and Export 181,600 MVR
Importation Supervisor Import and Export 243,000 MVR
Inspector Import and Export 137,400 MVR
Logistic Executive Import and Export 181,600 MVR
Logistician Import and Export 87,880 MVR
Logistics Administrator Import and Export 180,500 MVR
Logistics Analyst Import and Export 187,500 MVR
Logistics Specialist Import and Export 172,400 MVR
Marine Cargo Inspector Import and Export 107,820 MVR
Shipping Officer Import and Export 80,540 MVR

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