Average Refrigeration and Airconditioning Mechanic Salary in Maldives for 2024

In this article, we will look at the average Refrigeration and Airconditioning Mechanic 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 .ރ.

How Much Does a Refrigeration and Airconditioning Mechanic Make in Maldives?

A Refrigeration and Airconditioning Mechanic working in Maldives will typically earn around 113,740 MVR per year, and this can range from the lowest average salary of about 58,860 MVR to the highest average salary of 176,800 MVR.

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

Refrigeration and Airconditioning Mechanic 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 Refrigeration and Airconditioning Mechanic Salaries in Maldives

So we've looked at the average salaries a Refrigeration and Airconditioning Mechanic will earn in Maldives. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Refrigeration and Airconditioning Mechanic can earn between 58,860 MVR and 176,800 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 a Refrigeration and Airconditioning Mechanic in Maldives is 112,660 MVR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 112,660 MVR, and 50% of the population earn more than 112,660 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 Refrigeration and Airconditioning Mechanic salary in Maldives, 25% of the population are earning less than 78,940 MVR while 75% of the population earn more than 78,940 MVR.

75% of the population earn less than 142,300 MVR, and 25% of the population earn more than 142,300 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.

Refrigeration and Airconditioning Mechanic 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 refrigeration and airconditioning mechanic 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 Refrigeration and Airconditioning Mechanic in Maldives that has less than two years of experience can expect to earn somewhere in the region of 66,940 MVR.
• 2 - 5 Years Experience. With two to five years of experience the average Refrigeration and Airconditioning Mechanic salary would increase to 83,900 MVR.
• 5 - 10 Years Experience. From five to ten years of experience as a Refrigeration and Airconditioning Mechanic, the average salary would be 119,700 MVR.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 142,300 MVR.
• 15 - 20 Years Experience. A Refrigeration and Airconditioning Mechanic with 15 to 20 years of experience can earn an average of 158,700 MVR.
• 20+ Years Experience. For a Refrigeration and Airconditioning Mechanic with more than 20 years, the expected average salary increases to 169,000 MVR.

Average Salary by Experience Chart

Refrigeration and Airconditioning Mechanic 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 Refrigeration and Airconditioning Mechanic 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 Refrigeration and Airconditioning Mechanic in Maldives with a high school education can earn an average salary of 75,220 MVR.

• Certificate or Diploma. A Refrigeration and Airconditioning Mechanic in Maldives with a certificate or diploma education can earn an average salary of 111,240 MVR.

• Bachelor's Degree. A Refrigeration and Airconditioning Mechanic in Maldives with a bachelor's degree education can earn an average salary of 169,000 MVR.

Average Salary by Education Chart

Refrigeration and Airconditioning Mechanic 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 refrigeration and airconditioning mechanic will earn an average of 125,100 MVR, while a female refrigeration and airconditioning mechanic will earn around 106,360 MVR.

This means that a male refrigeration and airconditioning mechanic earns approximately 18% more than a female refrigeration and airconditioning mechanic for performing the same job.

Average Salary by Gender Chart in Maldives

Refrigeration and Airconditioning Mechanic 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 Refrigeration and Airconditioning Mechanic in Maldives is around 4% every 31 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 = ( 4 ÷ 31 ) × 12  = 2%

What this means is that a Refrigeration and Airconditioning Mechanic 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.

Refrigeration and Airconditioning Mechanic 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 Refrigeration and Airconditioning Mechanic is a low bonus based job, with 10% of employees reporting at least one bonus in the last 12 months.

90% 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%.

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.

Salaries for Jobs Similar to a Refrigeration and Airconditioning Mechanic

In the table below, we have salary information for jobs that are similar to a Refrigeration and Airconditioning Mechanic in Maldives.

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