Average Salary in Moldova 2024

Explore the salary landscape in Moldova, where this article delves into various aspects such as pay scale, wage gap, salary yearly increments, and their breakdown over education levels or years of experience. Gain valuable insights into the intricate dynamics of earning potential and discover how these factors shape the employment market in Moldova. Stay informed about the latest trends and developments surrounding salaries, empowering you to make informed decisions regarding your career progression.

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 Moldova in 2024?

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What is the average salary in Moldova in 2024?

520USD

(USD 6,300 yearly)

Low 240 USD

Average 520 USD

High 2,300 USD

The average salary in Moldova is typically USD 520 per month. However, salaries can vary greatly, ranging from USD 240 (lowest average) to USD 2,300 (highest average, actual maximum salary is higher). These figures include housing, transport, and other benefits. Different careers offer significantly diverse salary opportunities. If you wish to explore salaries for specific job titles, they are listed below.

In comparison with average salary in Moldova in 2023, salaries changed by +0.9% so far. Looking ahead, economists project a gradual recovery in the job market. Full comparison between 2023 and 2024 can be done at the year's end.

Check out the average salary in Moldova. Check out the average salary in Moldova.

Pay Scale and Salaries in Moldova

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 2,300, 75% of the people earn USD 720 or less. 50% employees earn less USD 500 or less, 25% of the employees earn less than USD 380.

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Salary Structure

Nearly everyone earns less than USD 2,300, 75% of the people earn USD 720 or less. 50% employees earn less USD 500 or less, 25% of the employees earn less than USD 380.

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 Moldova the minimum salary is USD 240.

Median Salary

With half of the values above and half below it, the median salary in Moldova 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 Moldova the salary ranges from USD 240 to USD 2,300.

Annual Salary Increments in Moldova

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

In 2024 employees in Moldova received around 0.9% salary increase. Please note that this is average across all job sectors. In comparison worldwide average for 2024 is 0.9%.

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In 2024, the average salary increase for employees in Moldova was around 0.9%. It's important to highlight that this figure is an average across all job sectors. Globally, the average for 2024 is 0.9%.

Historical Graph of Annual Salary Increments in Moldova

In recent years, the salary of employees in Moldova has witnessed an average yearly increase of 4.0%. This corresponds to a range of 0.9% to 7.6% increment per year.

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The salary of employees in Moldova has been increasing in recent years, with an average yearly increment of 4.0%. The increment ranges from 0.9% to 7.6% per year.

Salary Forecast and Trends for the Future in Moldova

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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 4.2%. Estimated range is between 2.3% and 6.4%.

Gender Wage Gap in Moldova

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

In Moldova, the gender wage gap is 10.0%.

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In Moldova, the actual wage gap amounts to 10.0%.

It's due to many factors, such as:

Bias towards a particular gender.
On average, women take 10% more days of paid vacation than men each year.
Women are underrepresented when it comes to having a college degree compared to men.
Compared to men, women are more likely to take on caregiving responsibilities for children and elderly relatives.
Women are more likely than men to work part-time, and part-time workers typically earn less than full-time workers.
When it comes to occupations, women are more inclined towards lower-paying ones than men.

Check out the average salary in Moldova. Check out the average salary in Moldova.

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.

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

Completing high school and attaining a bachelor's degree yields a host of benefits. Above all, it significantly enhances career prospects by increasing earning potential and broadening access to a greater variety of job opportunities. Along with financial rewards, pursuing a bachelor's degree promotes personal growth, cultivates critical thinking skills, and allows for specialization in a chosen field of interest. Furthermore, it facilitates valuable networking possibilities and fosters 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. is a testament to perseverance, intellectual curiosity, and a commitment to pushing the boundaries of human understanding, ultimately leading to 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 15%-19% 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 12%-16%. Expertise and leadership attain higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 19%-23% higher, mirroring strategic influence and heightened leadership contributions.

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Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 15%-19% 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 nearly 12%-16%. Expertise and leadership acquire 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 19%-23% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Moldova

What is the average hourly wage in the Moldova?

Average Hourly Wage

3USD

Low 1 USD

Average 3 USD

High 13 USD

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

Income instability: Dealing with irregular or fluctuating income from hourly wages can make it challenging to budget and plan for expenses.
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 commonly linked 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: When it comes to job insecurity, hourly positions are often more affected than salaried positions due to layoffs, downsizing, or changes in demand.
Limited career advancement: Some hourly jobs may have limited opportunities for career growth, professional development, or upward mobility within the organization.

It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.