Average Salary in Maldives 2024

Are you curious about salary scales and wage gaps in Maldives? This comprehensive article discusses various factors influencing pay structures, such as education level and years of experience. Discover how salary increments work annually and gain insight into the wage gap scenario. Whether you're a job seeker or an employer, understanding the breakdown of salaries in Maldives is crucial for making informed decisions.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Maldives in 2024?

What is the average salary in Maldives in 2024?
910USD
(USD 10,900 yearly)
Low 410 USD
Average 910 USD
High 4,000 USD
For individuals working in Maldives, the average salary amounts to USD 910 per month. Yet, there is notable variability, with salaries ranging from USD 410 (lowest average) to USD 4,000 (highest average, actual maximum salary is higher). Take into account that these figures incorporate housing, transport, and other benefits. Across various professions, there exist significant differences in salary scales. To find out the salaries for specific job titles, please refer to the information below.
In comparison with average salary in Maldives in 2023, salaries changed by +0.7% so far. Looking ahead, economists project a gradual recovery in the job market. Full comparison 2023 and 2024 we are able to do it at the end of the year.

Pay Scale and Salaries in Maldives

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 4,000, 75% of the people earn USD 1,300 or less. 50% employees earn less USD 880 or less, 25% of the employees earn less than USD 660.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 4,000, 75% of the people earn USD 1,300 or less. 50% employees earn less USD 880 or less, 25% of the employees earn less than USD 660.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Maldives the minimum salary is USD 410.

Median Salary

With half of the values above and half below it, the median salary in Maldives serves as the middle point of all salaries in a dataset. This measurement provides a more balanced representation of income distribution and is commonly utilized to determine average earnings in various professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Maldives the salary ranges from USD 410 to USD 4,000.

Annual Salary Increments in Maldives

What is the average annual salary increment in the Maldives? How frequently do employees receive salary raises?

The year 2024 saw employees in Maldives receiving an average salary increment of 0.7%. This figure represents a cross-sectoral average. Comparatively, the global average for 2024 is 0.7%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024, the average salary increment for Maldives employees was 0.7%. Please note that this is an average across all job sectors. On a global scale, the average for 2024 is 0.7%.

Historical Graph of Annual Salary Increments in Maldives

The average yearly salary increase for employees in Maldives over the past years ranged from 0.7% to 5.1%. On average, this represents a 2.6% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
Employees based in Maldives have experienced a salary increase averaging 2.6% per year in recent years. This translates to a range of 0.7% to 5.1% increment per year.

Salary Forecast and Trends for the Future in Maldives

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 3.0%. Estimated range is between 1.7% and 4.6%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 3.0%. Estimated range is between 1.7% and 4.6%.

Gender Wage Gap in Maldives

What is the difference in pay between mens and womens? Men vs. women salary comparison.

Maldives has an actual wage gap of 10.0%.Download chartGet chart linkShare on FacebookShare on Twitter
The gender pay gap in Maldives is currently 10.0%.
It's due to many factors, such as:
  • Sexism.
  • On average, women have a 10% higher number of days of paid vacation than men each year.
  • Compared to men, women have a lower likelihood of having a college degree.
  • Females are more inclined than males to assume caregiving responsibilities for children and elderly relatives.
  • In comparison to men, women are more prone to working part-time, resulting in lower earnings compared to full-time workers.
  • Women are more likely to work in lower-paying occupations than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and obtaining a bachelor's degree come with numerous benefits. Firstly, it significantly improves career prospects, leading to higher earning potential and increased access to a wider variety of job opportunities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

Completing high school and obtaining a bachelor's degree brings a multitude of benefits. Firstly, it significantly enhances one's career prospects, leading to higher earning potential and access to a broader range of job opportunities. Beyond financial rewards, pursuing a bachelor's degree fosters personal growth, critical thinking skills, and the chance to specialize in a particular field of interest. It also facilitates valuable networking opportunities and the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a transformative path that opens doors to a more fulfilling and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. showcases extraordinary dedication to expanding the frontiers of knowledge and achieving a fulfilling and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 16%-20% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of approximately 13%-17%. Expertise and leadership attain higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 22%-26% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 16%-20% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of close to 13%-17%. Expertise and leadership receive higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 22%-26% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Maldives

What is the average hourly wage in the Maldives?

Average Hourly Wage
5USD
Low 2 USD
Average 5 USD
High 23 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Planning for expenses and budgeting can be challenging when dealing with hourly wages that result in irregular or fluctuating income.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks usually related to full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can interrupt work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Hourly positions are sometimes more susceptible to layoffs, downsizing, or changes in demand, which can lead to job insecurity compared to salaried positions.
  • Limited career advancement: There may be limited opportunities for career growth, professional development, or upward mobility within the organization in some hourly jobs.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Maldives

What are the best paying jobs in Maldives?

List with best paid jobs in MaldivesDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Maldives?

  1. Surgeon (USD 4,000)
  2. Doctor (USD 3,600)
  3. Chief Executive Officer (CEO) (USD 3,400)
  4. Registered Nurse Anesthetist (USD 3,400)
  5. Dentist (USD 3,200)
  6. Airline Pilot (USD 3,100)
  7. Intellectual Property Lawyer (USD 3,000)
  8. Marketing Manager (USD 2,700)
  9. Marketing Director (USD 2,700)
  10. Sales Director (USD 2,500)
  11. Sales Manager (USD 2,500)
  12. Petroleum Engineer (USD 2,500)
  13. Brand Manager (USD 2,400)
  14. Marketer (USD 2,400)
  15. Judge (USD 2,400)
  16. Treasurer (USD 2,400)
  17. Controller (USD 2,400)
  18. Pharmacist (USD 2,300)
  19. Tax Lawyer (USD 2,300)
  20. Lawyer (USD 2,300)
List with worst paid jobs in MaldivesDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Maldives?

  1. Cashier (USD 430)
  2. Childcare Worker (USD 450)
  3. Stock clerk (USD 460)
  4. Elder Care Worker (USD 460)
  5. Receptionist (USD 480)
  6. Bartender (USD 520)
  7. Food and beverage server (USD 520)
  8. Janitor (USD 520)
  9. Waiter (USD 530)
  10. Tour Guide (USD 540)
  11. Customer Service Representative (USD 650)
  12. Hotel Concierge (USD 650)
  13. Rehabilitation Counselor (USD 660)
  14. Travel Agent (USD 720)
  15. Secretary (USD 740)
  16. Painter (USD 760)
  17. Carpenter (USD 790)
  18. Bus Driver (USD 810)
  19. Artist (USD 810)
  20. Truck Driver (USD 830)
List with best paid industries in MaldivesDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 2,600)
  2. Business and Management (USD 2,200)
  3. Marketing and Sales (USD 2,000)
  4. Engineering (USD 1,900)
  5. Law (USD 1,800)
  6. Accounting and Finance (USD 1,800)
  7. Computer and Information Technology (USD 1,700)
  8. Transportation and Logistics (USD 1,700)
  9. Science (USD 1,700)
  10. Education and Training (USD 1,400)
  11. Other (USD 1,000)
  12. Hospitality and Tourism (USD 840)
  13. Social Services (USD 690)
  14. Services (USD 630)