Average Internal Compliance Officer Salary in Andorra for 2024

In this article, we will look at the average Internal Compliance Officer salary for 2024 in Andorra 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does an Internal Compliance Officer Make in Andorra?

An Internal Compliance Officer working in Andorra will typically earn around 27,480 EUR per year, and this can range from the lowest average salary of about 14,540 EUR to the highest average salary of 46,280 EUR.

Average Annual Salary
27,480 EUR
Average Monthly Salary
2,290 EUR

Lowest Annual Salary
14,540 EUR
Lowest Monthly Salary
1,211 EUR

Highest Annual Salary
46,280 EUR
Highest Monthly Salary
3,856 EUR

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

Internal Compliance Officer 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 Internal Compliance Officer Salaries in Andorra

So we've looked at the average salaries an Internal Compliance Officer will earn in Andorra. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Internal Compliance Officer can earn between 14,540 EUR and 46,280 EUR on average in Andorra. 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 Internal Compliance Officer in Andorra is 26,280 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 26,280 EUR, and 50% of the population earn more than 26,280 EUR.

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 Internal Compliance Officer salary in Andorra, 25% of the population are earning less than 19,860 EUR while 75% of the population earn more than 19,860 EUR.

75% of the population earn less than 36,940 EUR, and 25% of the population earn more than 36,940 EUR.

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.

Internal Compliance Officer Salary by Experience Level in Andorra

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 internal compliance officer 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 Internal Compliance Officer in Andorra that has less than two years of experience can expect to earn somewhere in the region of 18,780 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Internal Compliance Officer salary would increase to 24,280 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as an Internal Compliance Officer, the average salary would be 29,640 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 36,800 EUR.
  • 15 - 20 Years Experience. An Internal Compliance Officer with 15 to 20 years of experience can earn an average of 39,560 EUR.
  • 20+ Years Experience. For an Internal Compliance Officer with more than 20 years, the expected average salary increases to 40,600 EUR.

Average Salary by Experience Chart

0-2 Years
18,780 EUR
2-5 Years +34%
24,280 EUR
5-10 Years +30%
29,640 EUR
10-15 Years +21%
36,800 EUR
15-20 Years +9%
39,560 EUR
20+ Years +5%
40,600 EUR

Internal Compliance Officer Salary by Education Level in Andorra

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 Internal Compliance Officer in Andorra based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. An Internal Compliance Officer in Andorra with a bachelor's degree education can earn an average salary of 23,260 EUR.

  • Master's Degree. An Internal Compliance Officer in Andorra with a master's degree education can earn an average salary of 34,540 EUR.

Average Salary by Education Chart

Bachelor's Degree
23,260 EUR
Master's Degree +39%
34,540 EUR

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 Andorra is around 19,200 to 57,600 EUR 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.

Internal Compliance Officer 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 Andorra, a male internal compliance officer will earn an average of 29,600 EUR, while a female internal compliance officer will earn around 26,280 EUR.

This means that a male internal compliance officer earns approximately 13% more than a female internal compliance officer for performing the same job.

Average Salary by Gender Chart in Andorra

Male
29,600 EUR
Female -13%
26,280 EUR

Internal Compliance Officer Average Pay Raise in Andorra

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 Internal Compliance Officer in Andorra is around 7% every 29 months.

The national average pay raise across all professions and industries in Andorra is around 5% every 28 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 an Internal Compliance Officer in Andorra can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Andorra for 2024

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

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%

Internal Compliance Officer Bonus and Incentive Rates in Andorra

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 Internal Compliance Officer 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 Andorra earn approximately 14% more than private sector employees in the same role.

Public Sector
49,360 EUR
Private Sector -14%
43,360 EUR

Salaries for Jobs Similar to an Internal Compliance Officer

In the table below, we have salary information for jobs that are similar to an Internal Compliance Officer in Andorra.

Job Title Category Salary
Approval Team Manager Quality Control and Compliance 51,900 EUR
Assistant Quality Manager Quality Control and Compliance 50,560 EUR
Compliance Officer Quality Control and Compliance 32,620 EUR
Document Analyst Quality Control and Compliance 26,080 EUR
Document Control Officer Quality Control and Compliance 23,400 EUR
Document Control Specialist Quality Control and Compliance 26,400 EUR
HACCP Coordinator Quality Control and Compliance 26,400 EUR
Inspection Supervisor Quality Control and Compliance 45,260 EUR
Product Complaints Associate Quality Control and Compliance 31,520 EUR
Product Owner Quality Control and Compliance 50,980 EUR
Product Quality Leader Quality Control and Compliance 58,440 EUR
QMS Coordinator Quality Control and Compliance 35,500 EUR
Quality and Safety Site Leader Quality Control and Compliance 55,840 EUR
Quality Assurance Administrator Quality Control and Compliance 46,160 EUR
Quality Assurance Analyst Quality Control and Compliance 53,840 EUR
Quality Assurance Associate Quality Control and Compliance 31,980 EUR
Quality Assurance Auditor Quality Control and Compliance 47,400 EUR
Quality Assurance Document Control Quality Control and Compliance 24,840 EUR
Quality Assurance Engineer Quality Control and Compliance 31,400 EUR
Quality Assurance Executive Quality Control and Compliance 68,360 EUR
Quality Assurance Inspector Quality Control and Compliance 48,940 EUR
Quality Assurance Manager Quality Control and Compliance 78,160 EUR
Quality Assurance Specialist Quality Control and Compliance 50,340 EUR
Quality Assurance Supervisor Quality Control and Compliance 49,020 EUR
Quality Assurance Technician Quality Control and Compliance 25,440 EUR
Quality Assurance Tester Quality Control and Compliance 27,480 EUR
Quality Control Analyst Quality Control and Compliance 50,080 EUR
Quality Control and Compliance Officer Quality Control and Compliance 29,320 EUR
Quality Control and Quality Assurance Officer Quality Control and Compliance 33,960 EUR
Quality Control Auditor Quality Control and Compliance 45,060 EUR
Quality Control Chemist Quality Control and Compliance 52,180 EUR
Quality Control Coordinator Quality Control and Compliance 33,120 EUR
Quality Control Engineer Quality Control and Compliance 29,160 EUR
Quality Control Executive Quality Control and Compliance 68,320 EUR
Quality Control Manager Quality Control and Compliance 74,060 EUR
Quality Control Supervisor Quality Control and Compliance 56,880 EUR
Quality Control Technician Quality Control and Compliance 27,620 EUR
Quality Data Analyst Quality Control and Compliance 43,340 EUR
Quality Director Quality Control and Compliance 80,800 EUR
Quality Engineer Quality Control and Compliance 29,640 EUR
Quality Executive Quality Control and Compliance 56,460 EUR
Quality Improvement Coordinator Quality Control and Compliance 35,560 EUR
Quality Management Officer Quality Control and Compliance 29,160 EUR
Quality Manager Quality Control and Compliance 79,000 EUR
Quality Surveyor Quality Control and Compliance 43,760 EUR
Quality Trainer Quality Control and Compliance 54,700 EUR
Six Sigma Black Belt Quality Control and Compliance 63,380 EUR

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