Average Jewelry Mold Maker Salary in Maldives for 2024

In this article, we will look at the average Jewelry Mold Maker 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 Jewelry Mold Maker Make in Maldives?

A Jewelry Mold Maker working in Maldives will typically earn around 119,700 MVR per year, and this can range from the lowest average salary of about 60,400 MVR to the highest average salary of 187,300 MVR.

Average Annual Salary
119,700 MVR
Average Monthly Salary
9,975 MVR

Lowest Annual Salary
60,400 MVR
Lowest Monthly Salary
5,033 MVR

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

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

Jewelry Mold Maker 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 Jewelry Mold Maker Salaries in Maldives

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

Salary ranges

We already know that a Jewelry Mold Maker can earn between 60,400 MVR and 187,300 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 Jewelry Mold Maker in Maldives is 123,400 MVR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 123,400 MVR, and 50% of the population earn more than 123,400 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 Jewelry Mold Maker salary in Maldives, 25% of the population are earning less than 82,200 MVR while 75% of the population earn more than 82,200 MVR.

75% of the population earn less than 159,100 MVR, and 25% of the population earn more than 159,100 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.

Jewelry Mold Maker 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 jewelry mold maker 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 Jewelry Mold Maker in Maldives that has less than two years of experience can expect to earn somewhere in the region of 68,320 MVR.
  • 2 - 5 Years Experience. With two to five years of experience the average Jewelry Mold Maker salary would increase to 87,940 MVR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Jewelry Mold Maker, the average salary would be 125,100 MVR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 152,300 MVR.
  • 15 - 20 Years Experience. A Jewelry Mold Maker with 15 to 20 years of experience can earn an average of 163,800 MVR.
  • 20+ Years Experience. For a Jewelry Mold Maker with more than 20 years, the expected average salary increases to 174,000 MVR.

Average Salary by Experience Chart

0-2 Years
68,320 MVR
2-5 Years +29%
87,940 MVR
5-10 Years +38%
125,100 MVR
10-15 Years +24%
152,300 MVR
15-20 Years +7%
163,800 MVR
20+ Years +7%
174,000 MVR

Jewelry Mold Maker 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 Jewelry Mold Maker 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 Jewelry Mold Maker in Maldives with a high school education can earn an average salary of 99,340 MVR.

  • Certificate or Diploma. A Jewelry Mold Maker in Maldives with a certificate or diploma education can earn an average salary of 161,600 MVR.

Average Salary by Education Chart

High School
99,340 MVR
Certificate or Diploma +65%
161,600 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.

Jewelry Mold Maker 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 jewelry mold maker will earn an average of 112,000 MVR, while a female jewelry mold maker will earn around 124,400 MVR.

This means that a male jewelry mold maker earns approximately 10% less than a female jewelry mold maker for performing the same job.

Average Salary by Gender Chart in Maldives

Male
112,000 MVR
Female +10%
124,400 MVR

Jewelry Mold Maker 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 Jewelry Mold Maker 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 a Jewelry Mold Maker 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%

Jewelry Mold Maker 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 Jewelry Mold Maker is a low bonus based job, with 12% of employees reporting at least one bonus in the last 12 months.

88% 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
12%
No Bonus
88%

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 Jewelry Mold Maker

In the table below, we have salary information for jobs that are similar to a Jewelry Mold Maker in Maldives.

Job Title Category Salary
Alterations Specialist Fashion and Apparel 96,160 MVR
Barber Fashion and Apparel 91,660 MVR
Bench Jeweler Fashion and Apparel 83,300 MVR
Clothing and Textile Technologist Fashion and Apparel 195,200 MVR
Cosmetology Educator Fashion and Apparel 232,900 MVR
Diamond Setter Fashion and Apparel 102,960 MVR
Diamond Worker Fashion and Apparel 119,900 MVR
Fabric Manager Fashion and Apparel 243,000 MVR
Fashion Design Manager Fashion and Apparel 384,200 MVR
Fashion Designer Fashion and Apparel 307,400 MVR
Fashion Merchandiser Fashion and Apparel 152,100 MVR
Fashion Model Fashion and Apparel 215,100 MVR
Freelance Fashion Stylist Fashion and Apparel 335,800 MVR
Garment Technologist Fashion and Apparel 195,200 MVR
Hairstylist Fashion and Apparel 108,320 MVR
Jeweler Fashion and Apparel 172,200 MVR
Jewelry Polisher Fashion and Apparel 78,620 MVR
Jewelry Sales Fashion and Apparel 142,300 MVR
Plating Manager Fashion and Apparel 239,300 MVR
Product Development Manager Fashion and Apparel 430,500 MVR
Sewing Machine Operator Fashion and Apparel 69,240 MVR
Shoe Sales Fashion and Apparel 112,660 MVR
Supply Chain Manager Fashion and Apparel 394,500 MVR
Tailor / Fitter Fashion and Apparel 88,300 MVR
Trend Forecaster Fashion and Apparel 237,400 MVR
Visual Merchandising Coordinator Fashion and Apparel 161,600 MVR
Visual Merchandising Projects Manager Fashion and Apparel 320,500 MVR

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