Salary Survey Guide Feb ’22
Updated with the latest sectors and salaries to reflect the latest trends, market activities and salary market rates.
Salary Survey February 2022 for Finance and Legal Jobs – Malta
Now or never! It can be the expression for the finance and legal job market in Malta when it comes to business and professional opportunities. Despite (or surprisingly thanks to) Covid, the greylisting and the Moneyval Evaluation Report, the Maltese job market is exploding with opportunities in terms of finance, accounting, legal, compliance and operational job openings.
Malta has responded to the greylisting in a proactive way, over the last 6 – 12 months, compliance roles have significantly increased especially in the area of AML / MLRO with the market looking forcefully for those professionals. On the regulatory side, the more active sectors are Gaming and CSPs. As a result, salaries are going up in those sectors in combination with accounting and auditing professionals who are supporting and complementing the necessary budgeting and reporting activities.
The Payments and Fintech space are in high demand with crypto being of main interest. There are strong discussions around this especially from a legal perspective which is driving professionals to join this debate. A bit like Florence in Italy during the 1500s, Malta has the ambition to drive the Renaissance (or better to say the Naissance) of Crypto.
Companies are competing to secure the best candidates in the job market and in many areas, there are some minor salary increases in Malta for strong finance and legal professionals. Fortunately, pressure on wages has been offset by a fall in the cost of property rental. Crypto, new regulatory compliance scenarios and investment opportunities. As a result, the little rock is becoming more and more appealing to great foreign professionals who wish to relocate to be part of this cultural buzz.
There continues to be career opportunities being created in Malta around the banking and fintech industries, igaming industry, the insurance sector and professional services.
How do we get this information?
We compile this salary survey from 12,000 people in Banking, Finance and Legal in Malta. We also look at the salaries offered by 150 companies and government organisations across the Maltese Islands.
We consider trends in regulation in the EU, which have a significant impact on the Finance and Legal Jobs and Employment in Malta. We also consider local information and statistics from the NSO.