Average Watch Repairer Salary in Maldives for 2024

In this article, we will look at the average Watch Repairer 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 Watch Repairer Make in Maldives?

A Watch Repairer working in Maldives will typically earn around 77,860 MVR per year, and this can range from the lowest average salary of about 37,740 MVR to the highest average salary of 127,700 MVR.

Average Annual Salary
77,860 MVR
Average Monthly Salary
6,488 MVR

Lowest Annual Salary
37,740 MVR
Lowest Monthly Salary
3,145 MVR

Highest Annual Salary
127,700 MVR
Highest Monthly Salary
10,641 MVR

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

Watch Repairer 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 Watch Repairer Salaries in Maldives

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

Salary ranges

We already know that a Watch Repairer can earn between 37,740 MVR and 127,700 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 Watch Repairer in Maldives is 83,060 MVR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 83,060 MVR, and 50% of the population earn more than 83,060 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 Watch Repairer salary in Maldives, 25% of the population are earning less than 55,940 MVR while 75% of the population earn more than 55,940 MVR.

75% of the population earn less than 112,460 MVR, and 25% of the population earn more than 112,460 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.

Watch Repairer 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 watch repairer 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 Watch Repairer in Maldives that has less than two years of experience can expect to earn somewhere in the region of 41,480 MVR.
  • 2 - 5 Years Experience. With two to five years of experience the average Watch Repairer salary would increase to 57,820 MVR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Watch Repairer, the average salary would be 83,100 MVR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 104,600 MVR.
  • 15 - 20 Years Experience. A Watch Repairer with 15 to 20 years of experience can earn an average of 107,860 MVR.
  • 20+ Years Experience. For a Watch Repairer with more than 20 years, the expected average salary increases to 116,780 MVR.

Average Salary by Experience Chart

0-2 Years
41,480 MVR
2-5 Years +38%
57,820 MVR
5-10 Years +42%
83,100 MVR
10-15 Years +22%
104,600 MVR
15-20 Years +6%
107,860 MVR
20+ Years +9%
116,780 MVR

Watch Repairer 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 Watch Repairer 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 Watch Repairer in Maldives with a high school education can earn an average salary of 52,180 MVR.

  • Certificate or Diploma. A Watch Repairer in Maldives with a certificate or diploma education can earn an average salary of 79,600 MVR.

  • Bachelor's Degree. A Watch Repairer in Maldives with a bachelor's degree education can earn an average salary of 116,380 MVR.

Average Salary by Education Chart

High School
52,180 MVR
Certificate or Diploma +51%
79,600 MVR
Bachelor's Degree +50%
116,380 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.

Watch Repairer 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 watch repairer will earn an average of 83,640 MVR, while a female watch repairer will earn around 77,060 MVR.

This means that a male watch repairer earns approximately 9% more than a female watch repairer for performing the same job.

Average Salary by Gender Chart in Maldives

Male
83,640 MVR
Female -9%
77,060 MVR

Watch Repairer 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 Watch Repairer in Maldives is around 4% every 30 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 ÷ 30 ) × 12  = 2%

What this means is that a Watch Repairer 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%

Watch Repairer 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 Watch Repairer is a low bonus based job, with 14% of employees reporting at least one bonus in the last 12 months.

86% 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
14%
No Bonus
86%

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 Watch Repairer

In the table below, we have salary information for jobs that are similar to a Watch Repairer in Maldives.

Job Title Category Salary
Cable Installer and Locator Electrical and Electronics Trades 64,200 MVR
Cable Technician Electrical and Electronics Trades 69,240 MVR
Digital Design Engineer Electrical and Electronics Trades 214,000 MVR
Electrical Designer Electrical and Electronics Trades 196,800 MVR
Electrical Drafter Electrical and Electronics Trades 99,220 MVR
Electrical Engineering Manager Electrical and Electronics Trades 317,700 MVR
Electrical Maintenance Manager Electrical and Electronics Trades 294,300 MVR
Electrical Planner Electrical and Electronics Trades 159,400 MVR
Electrical Sales Engineer Electrical and Electronics Trades 212,500 MVR
Electrical Sales Representative Electrical and Electronics Trades 143,200 MVR
Electrical Service Technician Electrical and Electronics Trades 68,900 MVR
Electrical Technician Electrical and Electronics Trades 107,320 MVR
Electrical Worker Electrical and Electronics Trades 83,020 MVR
Electrician Electrical and Electronics Trades 115,400 MVR
Electromechanical Technician Electrical and Electronics Trades 111,900 MVR
Electronic Assembler Electrical and Electronics Trades 101,120 MVR
Electronic Drafter Electrical and Electronics Trades 91,520 MVR
Electronic Engineer Electrical and Electronics Trades 209,500 MVR
Electronic Service Engineer Electrical and Electronics Trades 217,900 MVR
Electronics Engineer Electrical and Electronics Trades 225,700 MVR
Electronics Instructor Electrical and Electronics Trades 209,700 MVR
Electronics Technician Electrical and Electronics Trades 116,960 MVR
Field Service Engineer Electrical and Electronics Trades 210,500 MVR
Field Service Technician Electrical and Electronics Trades 78,400 MVR
Hydroelectric Plant Technician Electrical and Electronics Trades 101,920 MVR
Hydroelectric Production Manager Electrical and Electronics Trades 296,000 MVR
Instrumentation Technician Electrical and Electronics Trades 87,760 MVR
Journeyman Electrician Electrical and Electronics Trades 95,860 MVR
Maintenance Electrician Electrical and Electronics Trades 78,160 MVR
Mechatronics Technician Electrical and Electronics Trades 113,840 MVR
Power Equipment Mechanic Electrical and Electronics Trades 81,960 MVR
Power Line Technician Electrical and Electronics Trades 77,120 MVR
Refrigeration and Airconditioning Mechanic Electrical and Electronics Trades 113,740 MVR
Security Service Engineer Electrical and Electronics Trades 214,000 MVR
Technical Manager Electrical and Electronics Trades 288,100 MVR
Turbine Fitter Electrical and Electronics Trades 60,160 MVR
Warehouse Attendant Electrical and Electronics Trades 60,880 MVR
Warehouse Manager Electrical and Electronics Trades 281,500 MVR

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