Loan Quality Assurance Auditor Average Salary in Bahrain 2024
How much money does a person working as Loan Quality Assurance Auditor make in Bahrain?
LOW
850
BHD AVERAGE
1,670
BHD HIGH
2,570
BHD
A person working as Loan Quality Assurance Auditor in Bahrain typically earns around 1,670 BHD. Salaries range from 850 BHD (lowest) to 2,570 BHD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Loan Quality Assurance Auditor salaries in Bahrain vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Loan Quality Assurance Auditor Pay Scale and Salaries in Bahrain
Salary Structure and Pay Scale Comparison
1,520 BHD or more
1,350 to 1,520 BHD
980 BHD or less
980 to 1,350 BHD
 850 BHD |
1,530 BHD |
2,570 BHD |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Loan Quality Assurance Auditor in Bahrain range from 850 BHD (starting salary) to 2,570 BHD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 1,530 BHD, half of the professionals who work as Loan Quality Assurance Auditor in Bahrain earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Loan Quality Assurance Auditor in Bahrain earn less than 1,260 BHD, while 75% earn more. Similarly, the chart shows that 75% earn less than 1,740 BHD while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Loan Quality Assurance Auditor in Bahrain compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 980 BHD to 1,350 BHD. About 20% of salaries are below the 980 BHD mark, while 10% fall within the range of 1,350 BHD to 1,520 BHD. Only 5% of individuals have salaries exceeding 1,520 BHD.
Salary Comparison by Years of Experience / Loan Quality Assurance Auditor / Bahrain
How do experience and age affect pay?
| 0 - 2 Years | 950 BHD | |
| 2 - 5 Years | +31% | 1,250 BHD |
| 5 - 10 Years | +40% | 1,740 BHD |
| 10 - 15 Years | +20% | 2,100 BHD |
| 15 - 20 Years | +9% | 2,280 BHD |
| 20+ Years | +8% | 2,460 BHD |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Loan Quality Assurance Auditor and this is what we found.
Employees with less than two years of experience earn approximately 950 BHD.
While someone with an experience level between two and five years is expected to earn 1,250 BHD, 31% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 1,740 BHD, 40% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,100 BHD, 20% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 2,280 BHD, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 2,460 BHD, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Loan Quality Assurance Auditor / Bahrain
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Loan Quality Assurance Auditor.
| Bachelor's Degree | 1,180 BHD | |
| Master's Degree | +77% | 2,090 BHD |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Loan Quality Assurance Auditor in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 1,180 BHD.
Level 2: Master's Degree
At this level, the average salary becomes 2,090 BHD, 77% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Bahrain costs anywhere from 7,420 BHD to 22,200 BHD and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Loan Quality Assurance Auditor / Bahrain
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Loan Quality Assurance Auditor in Bahrain, the average difference between the salary of male and female employees is 12%.
| Male | 1,770 BHD | |
| Female | -11% | 1,580 BHD |
Salary Comparison By Gender in Bahrain for all Careers
Average Annual Salary Increment Percentage / Loan Quality Assurance Auditor / Bahrain
How much are annual salary increments in Bahrain for individuals working as Loan Quality Assurance Auditor? How often do employees get salary raises?
Individuals working as Loan Quality Assurance Auditor in Bahrain are likely to observe a salary increase of approximately 8% every 28 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
Bahrain / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Loan Quality Assurance Auditor / Bahrain
How much and how often are bonuses being awarded?
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38% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 62% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.
| Received Bonus | 62% | |
| No Bonus | 38% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Loan Quality Assurance Auditor / Bahrain
10 BHD per hourThe average hourly wage (pay per hour) for individuals working as Loan Quality Assurance Auditor in Bahrain is 10 BHD.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Loan Quality Assurance Auditor in Bahrain is 5 BHD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Banking |  -100% | |
| AML Analyst | 2,340 BHD |  +40% |
| Assistant Bank Branch Manager | 2,030 BHD | +22% |
| Assistant Bank Manager | 2,680 BHD | +61% |
| ATM Manager | 2,300 BHD | +38% |
| ATM Service Technician | 640 BHD | -62% |
| Bank Accounts Analyst | 910 BHD | -45% |
| Bank Accounts Collector | 530 BHD | -68% |
| Bank Accounts Controller | 1,100 BHD | -34% |
| Bank Accounts Executive | 1,650 BHD | -1% |
| Bank Accounts Manager | 1,950 BHD | +17% |
| Bank Auditing Manager | 1,910 BHD | +15% |
| Bank Branch Manager | 2,730 BHD | +64% |
| Bank Branch Operations Coordinator | 1,180 BHD | -29% |
| Bank Clerk | 530 BHD | -68% |
| Bank Client Service Associate | 730 BHD | -56% |
| Bank Collector | 560 BHD | -66% |
| Bank Compliance Specialist | 1,480 BHD | -11% |
| Bank Manager | 3,260 BHD | +95% |
| Bank Operational Risk Manager | 3,120 BHD | +87% |
| Bank Operations Head | 3,220 BHD | +93% |
| Bank Operations Officer | 1,240 BHD | -26% |
| Bank Operations Specialist | 2,070 BHD | +24% |
| Bank Process Manager | 1,770 BHD | +6% |
| Bank Product Manager | 2,080 BHD | +25% |
| Bank Programme Manager | 2,220 BHD | +33% |
| Bank Project Manager | 2,510 BHD | +50% |
| Bank Propositions Manager | 2,290 BHD | +37% |
| Bank Quantitative Analyst | 1,600 BHD | -4% |
| Bank Regional Manager | 3,180 BHD | +91% |
| Bank Regional Risk Officer | 1,600 BHD | -4% |
| Bank Relationship Manager | 2,370 BHD | +42% |
| Bank Relationship Officer | 1,130 BHD | -32% |
| Bank Sustainability Analyst | 1,880 BHD | +13% |
| Bank Teller | 560 BHD | -66% |
| Banker | 1,090 BHD | -35% |
| Banking Business Analyst | 1,690 BHD | +1% |
| Banking Business Development Officer | 1,010 BHD | -39% |
| Banking Business Planning Executive | 2,440 BHD | +46% |
| Banking Data Analyst | 1,960 BHD | +18% |
| Banking Product Manager | 2,040 BHD | +22% |
| Banking Reference Data Manager | 1,880 BHD | +13% |
| Banking Regulatory Compliance Officer | 2,050 BHD | +23% |
| Banking Risk Analyst | 1,680 BHD | +1% |
| Banking Technical Analyst | 860 BHD | -48% |
| Bankruptcy Coordinator | 1,130 BHD | -32% |
| Bill and Account Collector | 570 BHD | -66% |
| Blockchain Analyst | 1,440 BHD | -14% |
| Blockchain Architect | 1,700 BHD | +2% |
| Blockchain Auditor | 1,530 BHD | -8% |
| Blockchain Compliance Analyst | 1,460 BHD | -12% |
| Blockchain Consultant | 1,550 BHD | -7% |
| Blockchain Trade Facilitator | 1,330 BHD | -20% |
| Budget Analyst | 1,700 BHD | +2% |
| Capital Risk Manager | 3,080 BHD | +85% |
| Cards Marketing Manager | 2,150 BHD | +29% |
| Cash Management Manager | 2,880 BHD | +73% |
| Check Processing Manager | 2,160 BHD | +29% |
| Chief Blockchain Officer | 1,920 BHD | +15% |
| Commercial Vault Associate | 1,640 BHD | -2% |
| Corporate Banker | 1,190 BHD | -29% |
| Corporate Dealer | 1,680 BHD | +1% |
| Credit Analyst | 1,230 BHD | -26% |
| Credit and Collections Manager | 2,180 BHD | +31% |
| Credit Card Fraud Investigator | 1,700 BHD | +2% |
| Credit Portfolio Manager | 3,230 BHD | +94% |
| Credit Risk Analyst | 1,800 BHD | +8% |
| Credit Risk Associate | 1,790 BHD | +7% |
| Cryptocurrency Accountant | 1,100 BHD | -34% |
| Cryptocurrency Adviser | 1,970 BHD | +18% |
| Cryptocurrency Analyst | 1,500 BHD | -10% |
| Cryptocurrency Compliance Manager | 1,900 BHD | +14% |
| Cryptocurrency Trader | 1,730 BHD | +4% |
| Digital Banking Manager | 2,140 BHD | +28% |
| Digital Currency Analyst | 1,710 BHD | +3% |
| Direct Bank Sales Representative | 1,190 BHD | -29% |
| Exchange Control Consultant | 1,810 BHD | +9% |
| Executive Account Analyst | 1,660 BHD | -0% |
| Financial Bank Planning Consultant | 2,040 BHD | +22% |
| Financial Banking Analysis Manager | 2,550 BHD | +53% |
| Financial Banking Assistant | 760 BHD | -54% |
| Financial Banking Systems Manager | 2,210 BHD | +32% |
| Foreign Exchange Manager | 2,400 BHD | +44% |
| Fraud Analyst | 1,690 BHD | +1% |
| Fraud Detection Associate | 1,210 BHD | -27% |
| Fraud Detection Manager | 2,530 BHD | +52% |
| Fraud Detection Supervisor | 1,490 BHD | -11% |
| Internal Bank Audit Manager | 2,900 BHD | +74% |
| Internal Bank Auditor | 1,570 BHD | -6% |
| Internal Private Banker | 1,180 BHD | -29% |
| International Banking Manager | 3,380 BHD | +100% |
| Investment Banking Analyst | 2,420 BHD | +45% |
| Loan Analyst | 1,710 BHD | +3% |
| Loan Area Manager | 2,060 BHD | +24% |
| Loan Audit Team Leader | 1,930 BHD | +16% |
| Loan Branch Manager | 1,940 BHD | +16% |
| Loan Business Development Officer | 960 BHD | -42% |
| Loan Clerk | 570 BHD | -66% |
| Loan Collection and Recovery Manager | 2,010 BHD | +21% |
| Loan Collection Manager | 1,980 BHD | +19% |
| Loan Collector | 560 BHD | -66% |
| Loan Examiner | 760 BHD | -54% |
| Loan Officer | 650 BHD | -61% |
| Loan Processing Manager | 1,720 BHD | +3% |
| Loan Processor | 730 BHD | -56% |
| Loan Quality Assurance Auditor | 1,670 BHD | +0% |
| Loan Quality Assurance Manager | 1,890 BHD | +13% |
| Loan Quality Assurance Representative | 1,280 BHD | -23% |
| Loan Review Manager | 1,960 BHD | +18% |
| Loan Team Leader | 1,610 BHD | -3% |
| Loans Manager | 2,290 BHD | +37% |
| Mortgage Advisor | 1,130 BHD | -32% |
| Mortgage Collection Manager | 1,940 BHD | +16% |
| Mortgage Collector | 550 BHD | -67% |
| Mortgage Credit Analyst | 910 BHD | -45% |
| Mortgage Credit Manager | 1,940 BHD | +16% |
| Mortgage Development Manager | 2,050 BHD | +23% |
| Mortgage Document Reviewer | 710 BHD | -57% |
| Mortgage Funding Manager | 2,150 BHD | +29% |
| Mortgage Operations Manager | 2,820 BHD | +69% |
| Mortgage Payment Processing Clerk | 630 BHD | -62% |
| Mortgage Processing Manager | 1,930 BHD | +16% |
| Mortgage Processor | 770 BHD | -54% |
| Mortgage Quality Assurance Auditor | 1,670 BHD | +0% |
| Mortgage Quality Assurance Manager | 1,940 BHD | +16% |
| Mortgage Servicing Clerk | 610 BHD | -63% |
| Mortgage Servicing Manager | 1,770 BHD | +6% |
| Mortgage Underwriter | 740 BHD | -56% |
| Online Banking Manager | 2,920 BHD | +75% |
| Open Banking Strategist | 1,800 BHD | +8% |
| Payment Processing Clerk | 610 BHD | -63% |
| Personal Banker | 1,200 BHD | -28% |
| Personal Banking Advisor | 1,230 BHD | -26% |
| Phone Banker | 770 BHD | -54% |
| Private Banker | 1,260 BHD | -24% |
| Reconciliation and Investigation Specialist | 1,430 BHD | -14% |
| Tax Officer | 1,030 BHD | -38% |
| Teller | 560 BHD | -66% |
| Trade Officer | 680 BHD | -59% |
| Trade Product Manager | 1,980 BHD | +19% |
| Trader | 840 BHD | -50% |
| Treasury Operations Officer | 1,430 BHD | -14% |
| Wealth Management Advisor | 2,500 BHD | +50% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Bahrain is 17% on average across all career fields.
| Private Sector | 1,380 BHD | |
| Public Sector | +17% | 1,620 BHD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Loan Quality Assurance Auditor in Bahrain?
A good and competitive compensation would range anywhere between 1,530 BHD and 1,740 BHD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Loan Quality Assurance Auditor in Bahrain ranges from 850 BHD to 1,260 BHD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
