Average Risk Officer Salary in Samoa for 2024

In this article, we will look at the average Risk Officer salary for 2024 in Samoa 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 Samoan tālā. To keep things simple, we are using the WST currency code instead of the currency symbol T.

How Much Does a Risk Officer Make in Samoa?

A Risk Officer working in Samoa will typically earn around 31,980 WST per year, and this can range from the lowest average salary of about 17,020 WST to the highest average salary of 50,620 WST.

Average Annual Salary
31,980 WST
Average Monthly Salary
2,665 WST

Lowest Annual Salary
17,020 WST
Lowest Monthly Salary
1,418 WST

Highest Annual Salary
50,620 WST
Highest Monthly Salary
4,218 WST

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

Risk 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 Risk Officer Salaries in Samoa

So we've looked at the average salaries a Risk Officer will earn in Samoa. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Risk Officer can earn between 17,020 WST and 50,620 WST on average in Samoa. 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 Risk Officer in Samoa is 34,120 WST. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 34,120 WST, and 50% of the population earn more than 34,120 WST.

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 Risk Officer salary in Samoa, 25% of the population are earning less than 21,300 WST while 75% of the population earn more than 21,300 WST.

75% of the population earn less than 45,720 WST, and 25% of the population earn more than 45,720 WST.

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.

Risk Officer Salary by Experience Level in Samoa

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 risk 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. A Risk Officer in Samoa that has less than two years of experience can expect to earn somewhere in the region of 17,560 WST.
  • 2 - 5 Years Experience. With two to five years of experience the average Risk Officer salary would increase to 22,420 WST.
  • 5 - 10 Years Experience. From five to ten years of experience as a Risk Officer, the average salary would be 35,560 WST.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 42,400 WST.
  • 15 - 20 Years Experience. A Risk Officer with 15 to 20 years of experience can earn an average of 46,720 WST.
  • 20+ Years Experience. For a Risk Officer with more than 20 years, the expected average salary increases to 48,640 WST.

Average Salary by Experience Chart

0-2 Years
17,560 WST
2-5 Years +33%
22,420 WST
5-10 Years +48%
35,560 WST
10-15 Years +22%
42,400 WST
15-20 Years +9%
46,720 WST
20+ Years +8%
48,640 WST

Risk Officer Salary by Education Level in Samoa

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 Risk Officer in Samoa 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 Risk Officer in Samoa with a high school education can earn an average salary of 21,020 WST.

  • Certificate or Diploma. A Risk Officer in Samoa with a certificate or diploma education can earn an average salary of 25,940 WST.

  • Bachelor's Degree. A Risk Officer in Samoa with a bachelor's degree education can earn an average salary of 35,000 WST.

  • Master's Degree. A Risk Officer in Samoa with a master's degree education can earn an average salary of 45,260 WST.

Average Salary by Education Chart

High School
21,020 WST
Certificate or Diploma +18%
25,940 WST
Bachelor's Degree +45%
35,000 WST
Master's Degree +31%
45,260 WST

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 Samoa is around 12,200 to 36,600 WST 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.

Risk 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 Samoa, a male risk officer will earn an average of 36,160 WST, while a female risk officer will earn around 30,700 WST.

This means that a male risk officer earns approximately 18% more than a female risk officer for performing the same job.

Average Salary by Gender Chart in Samoa

Male
36,160 WST
Female -18%
30,700 WST

Risk Officer Average Pay Raise in Samoa

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 Risk Officer in Samoa is around 9% every 27 months.

The national average pay raise across all professions and industries in Samoa 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 = ( 9 ÷ 27 ) × 12  = 4%

What this means is that a Risk Officer in Samoa can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Samoa for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Risk Officer Bonus and Incentive Rates in Samoa

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 Risk Officer is a low bonus based job, with 17% of employees reporting at least one bonus in the last 12 months.

83% 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
17%
No Bonus
83%

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

Public Sector
33,120 WST
Private Sector -14%
29,040 WST

Salaries for Jobs Similar to a Risk Officer

In the table below, we have salary information for jobs that are similar to a Risk Officer in Samoa.

Job Title Category Salary
Account Coordinator Executive and Management 24,200 WST
Account Director Executive and Management 31,940 WST
Account Executive Executive and Management 32,420 WST
Account Manager Executive and Management 31,180 WST
Administration Manager Executive and Management 30,220 WST
Administration Officer Executive and Management 16,400 WST
Administration Supervisor Executive and Management 23,360 WST
Administrative Clerk Executive and Management 12,120 WST
Administrative Officer Executive and Management 13,780 WST
Area Director Executive and Management 30,800 WST
Area Manager Executive and Management 26,860 WST
Asset Protection Associate Executive and Management 34,280 WST
Assistant Director Executive and Management 33,120 WST
Assistant General Manager Executive and Management 31,040 WST
Assistant Manager Executive and Management 34,380 WST
Assistant Managing Director Executive and Management 38,680 WST
Assistant Operations Manager Executive and Management 35,000 WST
Assistant Project Manager Executive and Management 35,340 WST
Assistant Section Head Executive and Management 28,660 WST
Assistant to CEO Executive and Management 30,800 WST
Assistant Vice President Executive and Management 38,180 WST
Associate Account Director Executive and Management 31,960 WST
Associate Director Executive and Management 31,180 WST
Bid Manager Executive and Management 39,080 WST
Branch Manager Executive and Management 35,340 WST
Business Development Manager Executive and Management 42,040 WST
Business Operations Associate Executive and Management 31,520 WST
Business Operations Lead Executive and Management 34,240 WST
Campaign Manager Executive and Management 37,200 WST
Catering Coordinator Executive and Management 19,860 WST
Catering Manager Executive and Management 34,540 WST
CEO Executive and Management 64,300 WST
Chairman of The Board Executive and Management 60,460 WST
Chairman Office Manager Executive and Management 39,420 WST
Chief Commercial Officer Executive and Management 47,120 WST
Chief Corporate Officer Executive and Management 49,200 WST
Chief Executive Officer Executive and Management 66,940 WST
Chief Financial Officer Executive and Management 58,440 WST
Chief Investment Officer Executive and Management 48,340 WST
Chief of Staff Executive and Management 30,700 WST
Chief Operating Officer Executive and Management 48,920 WST
Chief Risk Officer Executive and Management 40,600 WST
Client Account Manager Executive and Management 40,240 WST
Client Accounts Officer Executive and Management 31,040 WST
Client Services Manager Executive and Management 42,460 WST
Commercial Director Executive and Management 40,040 WST
Commercial Manager Executive and Management 38,260 WST
Commercial Project Manager Executive and Management 35,300 WST
Commodity Broker Executive and Management 26,780 WST
COO Executive and Management 45,260 WST
Corporate Affairs Executive Executive and Management 35,000 WST
Corporate Compliance Director Executive and Management 40,640 WST
Corporate Director Executive and Management 41,820 WST
Corporate Officer Executive and Management 29,320 WST
Corporate Partnerships Officer Executive and Management 27,020 WST
Country Manager Executive and Management 50,080 WST
Department Head Executive and Management 38,140 WST
Department Manager Executive and Management 39,420 WST
Department Supervisor Executive and Management 35,340 WST
Deputy Director Executive and Management 45,560 WST
Deputy Manager Executive and Management 44,300 WST
Director Executive and Management 47,760 WST
Director of Accreditation Executive and Management 42,320 WST
Director of Catering Services Executive and Management 35,260 WST
Director of Client Services Executive and Management 38,620 WST
Director of Facilities Management Executive and Management 31,980 WST
Director of Operations Executive and Management 42,320 WST
Director of Process Simplification Executive and Management 35,300 WST
Director of Product Management Executive and Management 38,780 WST
Director of Project Management Executive and Management 43,340 WST
Director of Revenue Management Executive and Management 36,720 WST
Director of Training and Development Executive and Management 40,640 WST
Distribution Manager Executive and Management 43,340 WST
Division Manager Executive and Management 37,620 WST
Duty Manager Executive and Management 36,800 WST
Engagement Manager Executive and Management 42,040 WST
Executive Director Executive and Management 61,620 WST
Executive Manager Executive and Management 50,540 WST
Franchise Manager Executive and Management 53,380 WST
General Manager Executive and Management 48,560 WST
Global Master Data Manager Executive and Management 46,840 WST
Global Technical Lead Executive and Management 30,840 WST
Head of Investment Executive and Management 41,180 WST
Head of Middle Office Executive and Management 38,780 WST
Head of Projects Executive and Management 40,040 WST
Head of Strategy Executive and Management 46,720 WST
Head of Supply Chain Executive and Management 41,980 WST
Head of Sustainability Executive and Management 35,260 WST
Housing Manager Executive and Management 35,520 WST
HSE Manager Executive and Management 37,200 WST
Key Account Manager Executive and Management 34,960 WST
Knowledge Manager Executive and Management 38,340 WST
Location Manager Executive and Management 38,680 WST
Logistics Executive Executive and Management 34,980 WST
Logistics Manager Executive and Management 34,240 WST
Management Consultant Executive and Management 33,960 WST
Management Executive Executive and Management 48,820 WST
Manager Executive and Management 45,200 WST
Managing Director Executive and Management 50,580 WST
MIS Executive Executive and Management 42,040 WST
Ocean Services Manager Executive and Management 42,960 WST
Operational Manager Executive and Management 44,780 WST
Operations Analyst Executive and Management 38,260 WST
Operations Assistant Executive and Management 28,680 WST
Operations Director Executive and Management 42,960 WST
Operations Executive Executive and Management 45,560 WST
Operations Manager Executive and Management 49,360 WST
Operations Supervisor Executive and Management 40,140 WST
Planning Director Executive and Management 43,220 WST
PMO Manager Executive and Management 37,740 WST
Policy Administration Executive Executive and Management 36,020 WST
Private Sector Executive Executive and Management 37,740 WST
Product Development Manager Executive and Management 41,900 WST
Product Executive Executive and Management 36,020 WST
Production Executive Executive and Management 41,700 WST
Production Manager Executive and Management 42,320 WST
Production Supervisor Executive and Management 35,300 WST
Program Director Executive and Management 44,180 WST
Program Manager Executive and Management 43,800 WST
Programme Coordinator Executive and Management 30,700 WST
Project Control Manager Executive and Management 45,560 WST
Project Coordinator Executive and Management 27,300 WST
Project Management Officer Executive and Management 27,480 WST
Project Manager Executive and Management 31,040 WST
Project Portfolio Manager Executive and Management 33,440 WST
Quality Manager Executive and Management 35,300 WST
R/D Director Executive and Management 36,160 WST
Regional Director Executive and Management 58,860 WST
Regional Manager Executive and Management 44,720 WST
Relationship Manager Executive and Management 41,560 WST
Retail District Manager Executive and Management 27,560 WST
Revenue Manager Executive and Management 34,980 WST
Risk and Capital Manager Executive and Management 48,300 WST
Safety Manager Executive and Management 31,660 WST
Section Head Executive and Management 31,380 WST
Service Manager Executive and Management 32,960 WST
Shift Supervisor Executive and Management 25,720 WST
Solutions Manager Executive and Management 30,800 WST
Supervisor Executive and Management 27,380 WST
Supply Chain Manager Executive and Management 43,360 WST
Surveyor Executive and Management 30,220 WST
Technical Director Executive and Management 43,480 WST
Technical Manager Executive and Management 38,620 WST
Territory Manager Executive and Management 38,700 WST
Validation Manager Executive and Management 35,260 WST
Vice President Executive and Management 50,080 WST
Zone Manager Executive and Management 42,040 WST

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