Average Inventory Coordinator Salary in Maldives for 2024

In this article, we will look at the average Inventory Coordinator 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 Inventory Coordinator Make in Maldives?

An Inventory Coordinator working in Maldives will typically earn around 99,560 MVR per year, and this can range from the lowest average salary of about 50,520 MVR to the highest average salary of 151,800 MVR.

Average Annual Salary
99,560 MVR
Average Monthly Salary
8,296 MVR

Lowest Annual Salary
50,520 MVR
Lowest Monthly Salary
4,210 MVR

Highest Annual Salary
151,800 MVR
Highest Monthly Salary
12,650 MVR

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

Inventory Coordinator 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 Inventory Coordinator Salaries in Maldives

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

Salary ranges

We already know that an Inventory Coordinator can earn between 50,520 MVR and 151,800 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 Inventory Coordinator in Maldives is 93,220 MVR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 93,220 MVR, and 50% of the population earn more than 93,220 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 Inventory Coordinator salary in Maldives, 25% of the population are earning less than 64,200 MVR while 75% of the population earn more than 64,200 MVR.

75% of the population earn less than 118,260 MVR, and 25% of the population earn more than 118,260 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.

Inventory Coordinator 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 inventory coordinator 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 Inventory Coordinator in Maldives that has less than two years of experience can expect to earn somewhere in the region of 57,360 MVR.
  • 2 - 5 Years Experience. With two to five years of experience the average Inventory Coordinator salary would increase to 79,280 MVR.
  • 5 - 10 Years Experience. From five to ten years of experience as an Inventory Coordinator, the average salary would be 102,460 MVR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 123,400 MVR.
  • 15 - 20 Years Experience. An Inventory Coordinator with 15 to 20 years of experience can earn an average of 136,100 MVR.
  • 20+ Years Experience. For an Inventory Coordinator with more than 20 years, the expected average salary increases to 138,800 MVR.

Average Salary by Experience Chart

0-2 Years
57,360 MVR
2-5 Years +34%
79,280 MVR
5-10 Years +30%
102,460 MVR
10-15 Years +21%
123,400 MVR
15-20 Years +9%
136,100 MVR
20+ Years +5%
138,800 MVR

Inventory Coordinator 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 Inventory Coordinator 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 Inventory Coordinator in Maldives with a high school education can earn an average salary of 69,580 MVR.

  • Certificate or Diploma. An Inventory Coordinator in Maldives with a certificate or diploma education can earn an average salary of 99,340 MVR.

  • Bachelor's Degree. An Inventory Coordinator in Maldives with a bachelor's degree education can earn an average salary of 137,400 MVR.

Average Salary by Education Chart

High School
69,580 MVR
Certificate or Diploma +43%
99,340 MVR
Bachelor's Degree +38%
137,400 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.

Inventory Coordinator 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 inventory coordinator will earn an average of 103,440 MVR, while a female inventory coordinator will earn around 93,220 MVR.

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

Average Salary by Gender Chart in Maldives

Male
103,440 MVR
Female -11%
93,220 MVR

Inventory Coordinator 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 Inventory Coordinator in Maldives is around 5% 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 = ( 5 ÷ 29 ) × 12  = 2%

What this means is that an Inventory Coordinator 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%

Inventory Coordinator 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 Inventory Coordinator 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 Inventory Coordinator

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

Job Title Category Salary
All Rounder Food / Hospitality / Tourism / Catering 93,280 MVR
Assistant Executive Housekeeper Food / Hospitality / Tourism / Catering 70,880 MVR
Assistant Food and Beverage Controller Food / Hospitality / Tourism / Catering 134,600 MVR
Assistant Food and Beverage Director Food / Hospitality / Tourism / Catering 301,800 MVR
Assistant Hospitality Manager Food / Hospitality / Tourism / Catering 309,800 MVR
Assistant Storekeeper Food / Hospitality / Tourism / Catering 60,020 MVR
Assistant Tour Manager Food / Hospitality / Tourism / Catering 152,100 MVR
Baker and Pastrycook Food / Hospitality / Tourism / Catering 78,120 MVR
Bakery Manager Food / Hospitality / Tourism / Catering 180,300 MVR
Bakery Superintendent Food / Hospitality / Tourism / Catering 117,520 MVR
Banquet Captain Food / Hospitality / Tourism / Catering 86,420 MVR
Banquet Manager Food / Hospitality / Tourism / Catering 115,600 MVR
Banquet Server Food / Hospitality / Tourism / Catering 79,600 MVR
Bar Attendant Food / Hospitality / Tourism / Catering 74,560 MVR
Bar Manager Food / Hospitality / Tourism / Catering 152,300 MVR
Bar Supervisor Food / Hospitality / Tourism / Catering 110,120 MVR
Barista Food / Hospitality / Tourism / Catering 97,640 MVR
Bartender Food / Hospitality / Tourism / Catering 91,520 MVR
Bellman Food / Hospitality / Tourism / Catering 72,780 MVR
Beverage Manager Food / Hospitality / Tourism / Catering 176,800 MVR
Bistro Attendant Food / Hospitality / Tourism / Catering 73,020 MVR
Buffet Chef Food / Hospitality / Tourism / Catering 136,200 MVR
Buffet Host Food / Hospitality / Tourism / Catering 73,880 MVR
Buffet Manager Food / Hospitality / Tourism / Catering 169,000 MVR
Butcher and Slaughterer Food / Hospitality / Tourism / Catering 66,940 MVR
Cafeteria Assistant Food / Hospitality / Tourism / Catering 78,160 MVR
Cafeteria Manager Food / Hospitality / Tourism / Catering 138,200 MVR
Cafeteria Supervisor Food / Hospitality / Tourism / Catering 108,300 MVR
Cake Decorator Food / Hospitality / Tourism / Catering 88,580 MVR
Casino Shift Manager Food / Hospitality / Tourism / Catering 263,100 MVR
Chain Store Customer Support Food / Hospitality / Tourism / Catering 115,220 MVR
Chef Food / Hospitality / Tourism / Catering 151,800 MVR
Chef De Cuisine Food / Hospitality / Tourism / Catering 209,500 MVR
Club Manager Food / Hospitality / Tourism / Catering 265,000 MVR
Cluster Director Food / Hospitality / Tourism / Catering 351,900 MVR
Cluster Revenue Manager Food / Hospitality / Tourism / Catering 282,300 MVR
Cocktail Server Food / Hospitality / Tourism / Catering 79,280 MVR
Coffee Shop Manager Food / Hospitality / Tourism / Catering 252,300 MVR
Concierge Food / Hospitality / Tourism / Catering 70,880 MVR
Confectionery Baker Food / Hospitality / Tourism / Catering 89,280 MVR
Conference and Sales Coordinator Food / Hospitality / Tourism / Catering 138,200 MVR
Conference Services Manager Food / Hospitality / Tourism / Catering 174,000 MVR
Cook Food / Hospitality / Tourism / Catering 124,400 MVR
Corporate Sous Chef Food / Hospitality / Tourism / Catering 205,700 MVR
Corporate Travel Consultant Food / Hospitality / Tourism / Catering 214,000 MVR
Croupier Food / Hospitality / Tourism / Catering 105,080 MVR
Culinary Assistant Food / Hospitality / Tourism / Catering 70,940 MVR
Culinary Associate Food / Hospitality / Tourism / Catering 64,180 MVR
Demi Chef Food / Hospitality / Tourism / Catering 142,300 MVR
Dietary Aide Food / Hospitality / Tourism / Catering 142,300 MVR
Dining Room Supervisor Food / Hospitality / Tourism / Catering 128,900 MVR
Dishwasher Food / Hospitality / Tourism / Catering 58,440 MVR
Duty Manager Food / Hospitality / Tourism / Catering 172,200 MVR
Events Coordinator Food / Hospitality / Tourism / Catering 116,180 MVR
Executive Chef Food / Hospitality / Tourism / Catering 168,100 MVR
Executive Pastry Chef Food / Hospitality / Tourism / Catering 130,400 MVR
Fast Food Cook Food / Hospitality / Tourism / Catering 119,900 MVR
Fast Food Shift Supervisor Food / Hospitality / Tourism / Catering 128,500 MVR
Fine Dining Cook Food / Hospitality / Tourism / Catering 200,000 MVR
Fine Dining Restaurant Chef Food / Hospitality / Tourism / Catering 215,100 MVR
Fleet Manager Food / Hospitality / Tourism / Catering 340,400 MVR
Food and Beverage Manager Food / Hospitality / Tourism / Catering 283,700 MVR
Food Consultant Food / Hospitality / Tourism / Catering 217,900 MVR
Food Safety Coordinator Food / Hospitality / Tourism / Catering 168,100 MVR
Food Server Food / Hospitality / Tourism / Catering 73,040 MVR
Food Service Director Food / Hospitality / Tourism / Catering 277,400 MVR
Food Service Manager Food / Hospitality / Tourism / Catering 299,500 MVR
Food Service Sales Food / Hospitality / Tourism / Catering 185,100 MVR
Food Service Worker Food / Hospitality / Tourism / Catering 75,500 MVR
Front Desk Agent Food / Hospitality / Tourism / Catering 83,400 MVR
Front Desk Clerk Food / Hospitality / Tourism / Catering 88,480 MVR
Front Office Manager Food / Hospitality / Tourism / Catering 159,500 MVR
Guest Service Executive Food / Hospitality / Tourism / Catering 239,000 MVR
Guest Service Representative Food / Hospitality / Tourism / Catering 96,220 MVR
Head Chef Food / Hospitality / Tourism / Catering 172,200 MVR
Head Concierge Food / Hospitality / Tourism / Catering 111,000 MVR
Hospitality Director Food / Hospitality / Tourism / Catering 437,300 MVR
Hostess / Host Food / Hospitality / Tourism / Catering 83,140 MVR
Hotel Desk Clerk Food / Hospitality / Tourism / Catering 87,020 MVR
Hotel Maid Food / Hospitality / Tourism / Catering 60,880 MVR
Hotel Manager Food / Hospitality / Tourism / Catering 421,400 MVR
Hotel Sales Manager Food / Hospitality / Tourism / Catering 308,900 MVR
Hotel Service Supervisor Food / Hospitality / Tourism / Catering 243,000 MVR
Hotel Staff Food / Hospitality / Tourism / Catering 78,420 MVR
Kitchen Manager Food / Hospitality / Tourism / Catering 139,100 MVR
Kitchen Staff Food / Hospitality / Tourism / Catering 77,120 MVR
Kitchen Supervisor Food / Hospitality / Tourism / Catering 128,500 MVR
Line Cook Food / Hospitality / Tourism / Catering 129,000 MVR
Luggage Porter Food / Hospitality / Tourism / Catering 60,020 MVR
Motel Manager Food / Hospitality / Tourism / Catering 239,300 MVR
Pastry Chef Food / Hospitality / Tourism / Catering 117,660 MVR
Pastrycooking and Baking Assistant Food / Hospitality / Tourism / Catering 75,100 MVR
Production Operator Food / Hospitality / Tourism / Catering 127,700 MVR
Quality, Health and Safety Coordinator Food / Hospitality / Tourism / Catering 128,900 MVR
Receptionist Food / Hospitality / Tourism / Catering 88,580 MVR
Regional Restaurant Manager Food / Hospitality / Tourism / Catering 327,800 MVR
Restaurant Manager Food / Hospitality / Tourism / Catering 286,400 MVR
Restaurant Server Food / Hospitality / Tourism / Catering 72,120 MVR
Room Reservations Manager Food / Hospitality / Tourism / Catering 265,000 MVR
Room Service Manager Food / Hospitality / Tourism / Catering 261,300 MVR
Sous Chef Food / Hospitality / Tourism / Catering 164,200 MVR
Special Events Coordinator Food / Hospitality / Tourism / Catering 163,800 MVR
Supervisor of Food Services Food / Hospitality / Tourism / Catering 197,600 MVR
Tour Consultant Food / Hospitality / Tourism / Catering 200,000 MVR
Tour Guide Food / Hospitality / Tourism / Catering 136,200 MVR
Tour Manager Food / Hospitality / Tourism / Catering 191,600 MVR
Travel Agent Food / Hospitality / Tourism / Catering 152,000 MVR
Travel Consultant Food / Hospitality / Tourism / Catering 210,500 MVR
Waiter / Waitress Food / Hospitality / Tourism / Catering 70,700 MVR

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