Average Retirement Plan Analyst Salary in Aruba for 2024

In this article, we will look at the average Retirement Plan Analyst salary for 2024 in Aruba 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 Aruban florin. To keep things simple, we are using the AWG currency code instead of the currency symbol ฦ’.

How Much Does a Retirement Plan Analyst Make in Aruba?

A Retirement Plan Analyst working in Aruba will typically earn around 31,400 AWG per year, and this can range from the lowest average salary of about 14,140 AWG to the highest average salary of 48,200 AWG.

Average Annual Salary
31,400 AWG
Average Monthly Salary
2,616 AWG

Lowest Annual Salary
14,140 AWG
Lowest Monthly Salary
1,178 AWG

Highest Annual Salary
48,200 AWG
Highest Monthly Salary
4,016 AWG

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

Retirement Plan Analyst 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 Retirement Plan Analyst Salaries in Aruba

So we've looked at the average salaries a Retirement Plan Analyst will earn in Aruba. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Retirement Plan Analyst can earn between 14,140 AWG and 48,200 AWG on average in Aruba. 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 Retirement Plan Analyst in Aruba is 27,480 AWG. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 27,480 AWG, and 50% of the population earn more than 27,480 AWG.

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 Retirement Plan Analyst salary in Aruba, 25% of the population are earning less than 21,100 AWG while 75% of the population earn more than 21,100 AWG.

75% of the population earn less than 38,180 AWG, and 25% of the population earn more than 38,180 AWG.

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.

Retirement Plan Analyst Salary by Experience Level in Aruba

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 retirement plan analyst 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 Retirement Plan Analyst in Aruba that has less than two years of experience can expect to earn somewhere in the region of 19,200 AWG.
  • 2 - 5 Years Experience. With two to five years of experience the average Retirement Plan Analyst salary would increase to 23,140 AWG.
  • 5 - 10 Years Experience. From five to ten years of experience as a Retirement Plan Analyst, the average salary would be 31,340 AWG.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 38,060 AWG.
  • 15 - 20 Years Experience. A Retirement Plan Analyst with 15 to 20 years of experience can earn an average of 40,640 AWG.
  • 20+ Years Experience. For a Retirement Plan Analyst with more than 20 years, the expected average salary increases to 45,200 AWG.

Average Salary by Experience Chart

0-2 Years
19,200 AWG
2-5 Years +34%
23,140 AWG
5-10 Years +30%
31,340 AWG
10-15 Years +21%
38,060 AWG
15-20 Years +9%
40,640 AWG
20+ Years +5%
45,200 AWG

Retirement Plan Analyst Salary by Education Level in Aruba

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 Retirement Plan Analyst in Aruba 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 Retirement Plan Analyst in Aruba with a high school education can earn an average salary of 23,520 AWG.

  • Certificate or Diploma. A Retirement Plan Analyst in Aruba with a certificate or diploma education can earn an average salary of 25,940 AWG.

  • Bachelor's Degree. A Retirement Plan Analyst in Aruba with a bachelor's degree education can earn an average salary of 36,940 AWG.

  • Master's Degree. A Retirement Plan Analyst in Aruba with a master's degree education can earn an average salary of 44,180 AWG.

Average Salary by Education Chart

High School
23,520 AWG
Certificate or Diploma +14%
25,940 AWG
Bachelor's Degree +41%
36,940 AWG
Master's Degree +21%
44,180 AWG

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 Aruba is around 11,300 to 33,900 AWG 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.

Retirement Plan Analyst 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 Aruba, a male retirement plan analyst will earn an average of 31,520 AWG, while a female retirement plan analyst will earn around 27,480 AWG.

This means that a male retirement plan analyst earns approximately 15% more than a female retirement plan analyst for performing the same job.

Average Salary by Gender Chart in Aruba

Male
31,520 AWG
Female -15%
27,480 AWG

Retirement Plan Analyst Average Pay Raise in Aruba

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 Retirement Plan Analyst in Aruba is around 8% every 28 months.

The national average pay raise across all professions and industries in Aruba 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 = ( 8 ÷ 28 ) × 12  = 3%

What this means is that a Retirement Plan Analyst in Aruba can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Aruba for 2024

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

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Retirement Plan Analyst Bonus and Incentive Rates in Aruba

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 Retirement Plan Analyst is a low bonus based job, with 36% of employees reporting at least one bonus in the last 12 months.

64% 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 3% to 5%.

Received Bonus
36%
No Bonus
64%

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 Aruba earn approximately 14% more than private sector employees in the same role.

Public Sector
27,480 AWG
Private Sector -14%
24,200 AWG

Salaries for Jobs Similar to a Retirement Plan Analyst

In the table below, we have salary information for jobs that are similar to a Retirement Plan Analyst in Aruba.

Job Title Category Salary
Account Examiner Accounting and Finance 14,540 AWG
Account Executive Accounting and Finance 22,400 AWG
Accountant Accounting and Finance 20,500 AWG
Accounting Analyst Accounting and Finance 23,700 AWG
Accounting Assistant Accounting and Finance 14,820 AWG
Accounting Associate Accounting and Finance 11,880 AWG
Accounting Clerk Accounting and Finance 12,200 AWG
Accounting Coordinator Accounting and Finance 19,640 AWG
Accounting Head Accounting and Finance 39,640 AWG
Accounting Manager Accounting and Finance 42,040 AWG
Accounting Officer Accounting and Finance 17,260 AWG
Accounting Specialist Accounting and Finance 24,200 AWG
Accounting Supervisor Accounting and Finance 26,780 AWG
Accounting Technician Accounting and Finance 12,620 AWG
Accounting Unit Controller Accounting and Finance 33,980 AWG
Accounts Executive Accounting and Finance 24,200 AWG
Accounts Officer Accounting and Finance 17,020 AWG
Accounts Payable and Receivable Specialist Accounting and Finance 20,520 AWG
Accounts Payable Assistant Accounting and Finance 17,540 AWG
Accounts Payable Associate Accounting and Finance 16,140 AWG
Accounts Payable Clerk Accounting and Finance 12,580 AWG
Accounts Payable Manager Accounting and Finance 36,720 AWG
Accounts Receivable Administrator Accounting and Finance 27,020 AWG
Accounts Receivable Clerk Accounting and Finance 14,840 AWG
Accounts Receivable Financial Analyst Accounting and Finance 26,660 AWG
Accounts Receivable Manager Accounting and Finance 39,960 AWG
Accounts Receivable Team Leader Accounting and Finance 27,020 AWG
Assistant Accountant Accounting and Finance 15,880 AWG
Assistant Accounting Manager Accounting and Finance 34,280 AWG
Assistant Auditor Accounting and Finance 20,940 AWG
Assistant Corporate Controller Accounting and Finance 26,080 AWG
Assistant Finance Manager Accounting and Finance 42,040 AWG
Assistant Financial Controller Accounting and Finance 24,720 AWG
Audit Director Accounting and Finance 44,140 AWG
Audit Supervisor Accounting and Finance 36,940 AWG
Auditing Clerk Accounting and Finance 17,020 AWG
Auditing Manager Accounting and Finance 43,480 AWG
Billing Clerk Accounting and Finance 17,020 AWG
Billing Coordinator Accounting and Finance 19,640 AWG
Billing Specialist Accounting and Finance 21,380 AWG
Billing Supervisor Accounting and Finance 28,900 AWG
Bookkeeper Accounting and Finance 13,700 AWG
Bookkeeping Specialist Accounting and Finance 19,360 AWG
Budget Analyst Accounting and Finance 34,240 AWG
Budget Manager Accounting and Finance 39,420 AWG
Business Support Analyst Accounting and Finance 24,280 AWG
Capital Markets Associate Accounting and Finance 31,540 AWG
Cash Flow Analyst Accounting and Finance 28,680 AWG
Cash Management Manager Accounting and Finance 38,700 AWG
Cash Management Officer Accounting and Finance 24,280 AWG
Cashbook Clerk Accounting and Finance 13,900 AWG
Chartered Accountant Accounting and Finance 25,160 AWG
Chief Accountant Accounting and Finance 28,680 AWG
Collections Clerk Accounting and Finance 9,940 AWG
Collections Representative Accounting and Finance 17,540 AWG
Collections Specialist Accounting and Finance 19,160 AWG
Corporate Controller Accounting and Finance 31,400 AWG
Corporate Treasurer Accounting and Finance 37,380 AWG
Cost Accountant Accounting and Finance 21,020 AWG
Cost Accounting Manager Accounting and Finance 38,620 AWG
Cost Accounting Supervisor Accounting and Finance 34,080 AWG
Cost Analyst Accounting and Finance 32,960 AWG
Credit and Collection Manager Accounting and Finance 40,420 AWG
Credit and Collection Staff Accounting and Finance 17,020 AWG
Credit and Loans Officer Accounting and Finance 14,660 AWG
Credit Controller Accounting and Finance 28,180 AWG
Credit Manager Accounting and Finance 41,480 AWG
Debt Adviser Accounting and Finance 34,980 AWG
Debt Collector Accounting and Finance 18,260 AWG
Debtors Clerk Accounting and Finance 13,780 AWG
Debtors Controller Accounting and Finance 17,260 AWG
Deputy CFO Accounting and Finance 56,060 AWG
Deputy Head of Finance Accounting and Finance 55,580 AWG
Derivative Trader Accounting and Finance 35,500 AWG
Director of Finance Accounting and Finance 57,800 AWG
Economist Accounting and Finance 43,760 AWG
Equity Analyst Accounting and Finance 36,800 AWG
Escrow Assistant Accounting and Finance 16,720 AWG
Executive Accountant Accounting and Finance 23,520 AWG
External Auditor Accounting and Finance 26,860 AWG
Finance Administrator Accounting and Finance 22,340 AWG
Finance Analyst Accounting and Finance 36,020 AWG
Finance Associate Accounting and Finance 17,860 AWG
Finance Director Accounting and Finance 60,880 AWG
Finance Executive Accounting and Finance 41,820 AWG
Finance Licensing Clerk Accounting and Finance 11,880 AWG
Finance Licensing Manager Accounting and Finance 38,180 AWG
Finance Licensing Specialist Accounting and Finance 21,400 AWG
Finance Manager Accounting and Finance 53,660 AWG
Finance Officer Accounting and Finance 19,640 AWG
Finance President Accounting and Finance 61,180 AWG
Finance Relationship Manager Accounting and Finance 48,200 AWG
Finance Release Analyst Accounting and Finance 20,460 AWG
Finance Specialist Accounting and Finance 32,200 AWG
Finance Team Leader Accounting and Finance 43,800 AWG
Financial Accountant Accounting and Finance 20,940 AWG
Financial Actuary Accounting and Finance 31,940 AWG
Financial Administrator Accounting and Finance 31,980 AWG
Financial Advisor Accounting and Finance 34,280 AWG
Financial Analyst Accounting and Finance 34,380 AWG
Financial Applications Specialist Accounting and Finance 23,660 AWG
Financial Assistant Accounting and Finance 15,580 AWG
Financial Associate Accounting and Finance 16,400 AWG
Financial Associate Accounting and Finance 17,740 AWG
Financial Claims Analyst Accounting and Finance 27,020 AWG
Financial Claims Manager Accounting and Finance 35,560 AWG
Financial Claims Supervisor Accounting and Finance 33,120 AWG
Financial Clerk Accounting and Finance 17,260 AWG
Financial Commercial Analyst Accounting and Finance 27,480 AWG
Financial Compliance Analyst Accounting and Finance 29,160 AWG
Financial Consultant Accounting and Finance 28,180 AWG
Financial Controller Accounting and Finance 29,160 AWG
Financial Controller Accounting and Finance 31,040 AWG
Financial Coordinator Accounting and Finance 15,700 AWG
Financial Customer Service Manager Accounting and Finance 34,960 AWG
Financial Dealer and Broker Accounting and Finance 21,640 AWG
Financial Director Accounting and Finance 59,240 AWG
Financial Encoder Accounting and Finance 15,920 AWG
Financial Manager Accounting and Finance 52,380 AWG
Financial Manager Accounting and Finance 56,460 AWG
Financial Operations Manager Accounting and Finance 48,920 AWG
Financial Policy Analyst Accounting and Finance 32,200 AWG
Financial Project Manager Accounting and Finance 42,460 AWG
Financial Quantitative Analyst Accounting and Finance 35,520 AWG
Financial Reporting Consultant Accounting and Finance 26,400 AWG
Financial Reporting Manager Accounting and Finance 40,240 AWG
Financial Section Head Accounting and Finance 36,720 AWG
Financial Services Manager Accounting and Finance 52,380 AWG
Financial Services Sales Agent Accounting and Finance 19,060 AWG
Fixed Assets Administrator Accounting and Finance 20,520 AWG
Forensic Accountant Accounting and Finance 22,340 AWG
Fraud Detection Supervisor Accounting and Finance 22,340 AWG
Fraud Prevention Manager Accounting and Finance 38,700 AWG
Fund Accountant Accounting and Finance 17,740 AWG
Grants Coordinator Accounting and Finance 13,560 AWG
Group Financial Manager Accounting and Finance 58,280 AWG
Internal Auditor Accounting and Finance 26,100 AWG
Internal Control Adviser Accounting and Finance 32,020 AWG
Internal Control Officer Accounting and Finance 16,720 AWG
International Tax Director Accounting and Finance 49,820 AWG
Inventory Accountant Accounting and Finance 20,520 AWG
Investment Advisor Accounting and Finance 53,380 AWG
Investment Analyst Accounting and Finance 38,620 AWG
Investment Associate Accounting and Finance 32,420 AWG
Investment Broker Accounting and Finance 35,300 AWG
Investment Fund Manager Accounting and Finance 44,780 AWG
Investment Operations Manager Accounting and Finance 46,160 AWG
Investment Underwriter Accounting and Finance 15,920 AWG
Investor Accounting and Finance 25,440 AWG
Investor Relations Manager Accounting and Finance 36,020 AWG
KYC Team Leader Accounting and Finance 38,620 AWG
Loan Processor Accounting and Finance 18,260 AWG
Management Accountant Accounting and Finance 21,980 AWG
Management Economist Accounting and Finance 43,520 AWG
Paymaster Accounting and Finance 17,620 AWG
Payroll Administrator Accounting and Finance 24,200 AWG
Payroll Benefits Coordinator Accounting and Finance 21,400 AWG
Payroll Billing Manager Accounting and Finance 34,360 AWG
Payroll Clerk Accounting and Finance 18,780 AWG
Payroll Manager Accounting and Finance 36,800 AWG
Payroll Officer Accounting and Finance 16,720 AWG
Payroll Specialist Accounting and Finance 21,020 AWG
Payroll Supervisor Accounting and Finance 24,200 AWG
Pensions Administrator Accounting and Finance 20,520 AWG
Personal Financial Advisor Accounting and Finance 31,660 AWG
Pricing Analyst Accounting and Finance 34,240 AWG
Private Equity Analyst Accounting and Finance 34,540 AWG
Project Accountant Accounting and Finance 19,940 AWG
Proposal Development Coordinator Accounting and Finance 15,300 AWG
Receivables Accountant Accounting and Finance 15,700 AWG
Regulatory Accountant Accounting and Finance 23,520 AWG
Revenue Management Specialist Accounting and Finance 32,960 AWG
Revenue Recognition Analyst Accounting and Finance 38,680 AWG
Risk Management Director Accounting and Finance 45,000 AWG
Risk Management Supervisor Accounting and Finance 36,720 AWG
Staff Accountant Accounting and Finance 18,900 AWG
Tax Accountant Accounting and Finance 18,780 AWG
Tax Administrator Accounting and Finance 20,460 AWG
Tax Advisor Accounting and Finance 31,340 AWG
Tax Analyst Accounting and Finance 27,480 AWG
Tax Associate Accounting and Finance 16,400 AWG
Tax Consultant Accounting and Finance 31,660 AWG
Tax Director Accounting and Finance 44,540 AWG
Tax Examiner Accounting and Finance 21,400 AWG
Tax Manager Accounting and Finance 41,700 AWG
Tax Research Manager Accounting and Finance 38,780 AWG
Teller Accounting and Finance 12,200 AWG
Treasury Accountant Accounting and Finance 20,940 AWG
Treasury Analyst Accounting and Finance 31,520 AWG
Underwriter Accounting and Finance 12,240 AWG
Underwriting Assistant Accounting and Finance 14,620 AWG
Vice President of Finance Accounting and Finance 53,860 AWG

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