Credit and Loans Officer Average Salary in Fiji 2024
How much money does a person working as Credit and Loans Officer make in Fiji?
LOW
1,040
FJD AVERAGE
2,270
FJD HIGH
3,610
FJD
A person working as Credit and Loans Officer in Fiji typically earns around 2,270 FJD. Salaries range from 1,040 FJD (lowest) to 3,610 FJD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Credit and Loans Officer salaries in Fiji vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Credit and Loans Officer Pay Scale and Salaries in Fiji
Salary Structure and Pay Scale Comparison
2,150 FJD or more
1,890 to 2,150 FJD
1,300 FJD or less
1,300 to 1,890 FJD
 1,040 FJD |
2,170 FJD |
3,610 FJD |
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 Credit and Loans Officer in Fiji range from 1,040 FJD (starting salary) to 3,610 FJD (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 2,170 FJD, half of the professionals who work as Credit and Loans Officer in Fiji 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 Credit and Loans Officer in Fiji earn less than 1,750 FJD, while 75% earn more. Similarly, the chart shows that 75% earn less than 2,500 FJD 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 Credit and Loans Officer in Fiji compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,300 FJD to 1,890 FJD. About 20% of salaries are below the 1,300 FJD mark, while 10% fall within the range of 1,890 FJD to 2,150 FJD. Only 5% of individuals have salaries exceeding 2,150 FJD.
Salary Comparison by Years of Experience / Credit and Loans Officer / Fiji
How do experience and age affect pay?
| 0 - 2 Years | 1,190 FJD | |
| 2 - 5 Years | +34% | 1,580 FJD |
| 5 - 10 Years | +48% | 2,340 FJD |
| 10 - 15 Years | +22% | 2,850 FJD |
| 15 - 20 Years | +9% | 3,110 FJD |
| 20+ Years | +8% | 3,370 FJD |
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 Credit and Loans Officer and this is what we found.
Employees with less than two years of experience earn approximately 1,190 FJD.
While someone with an experience level between two and five years is expected to earn 1,580 FJD, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 2,340 FJD, 48% 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 2,850 FJD, 22% 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 3,110 FJD, 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 3,370 FJD, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Credit and Loans Officer / Fiji
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Credit and Loans Officer.
| High School | 1,350 FJD | |
| Certificate or Diploma | +57% | 2,120 FJD |
| Bachelor's Degree | +68% | 3,560 FJD |
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 Credit and Loans Officer in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 1,350 FJD.
Level 2: Certificate or Diploma
At this level, the average salary becomes 2,120 FJD, 57% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 3,560 FJD, 68% more than the previous level.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Credit and Loans Officer / Fiji
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 Credit and Loans Officer in Fiji, the average difference between the salary of male and female employees is 11%.
| Male | 2,390 FJD | |
| Female | -10% | 2,150 FJD |
Salary Comparison By Gender in Fiji for all Careers
Average Annual Salary Increment Percentage / Credit and Loans Officer / Fiji
How much are annual salary increments in Fiji for individuals working as Credit and Loans Officer? How often do employees get salary raises?
Individuals working as Credit and Loans Officer in Fiji are likely to observe a salary increase of approximately 7% every 27 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Fiji / 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 / Credit and Loans Officer / Fiji
How much and how often are bonuses being awarded?
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85% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 15% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.
| Received Bonus | 15% | |
| No Bonus | 85% |
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 / Credit and Loans Officer / Fiji
13 FJD per hourThe average hourly wage (pay per hour) for individuals working as Credit and Loans Officer in Fiji is 13 FJD.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 Credit and Loans Officer in Fiji is 6 FJD. 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 |
| Accounting and Finance |  -100% | |
| Account Examiner | 2,340 FJD |  +3% |
| Account Executive | 4,090 FJD | +80% |
| Accountant | 3,240 FJD | +43% |
| Accounting Analyst | 3,870 FJD | +70% |
| Accounting Assistant | 2,470 FJD | +9% |
| Accounting Associate | 2,430 FJD | +7% |
| Accounting Clerk | 2,000 FJD | -12% |
| Accounting Coordinator | 2,810 FJD | +24% |
| Accounting Head | 6,480 FJD | +190% |
| Accounting Manager | 7,150 FJD | +210% |
| Accounting Officer | 2,510 FJD | +11% |
| Accounting Specialist | 4,470 FJD | +97% |
| Accounting Supervisor | 4,400 FJD | +94% |
| Accounting Technician | 2,220 FJD | -2% |
| Accounting Unit Controller | 5,670 FJD | +150% |
| Accounts Executive | 4,120 FJD | +81% |
| Accounts Officer | 2,510 FJD | +11% |
| Accounts Payable and Receivable Specialist | 3,330 FJD | +47% |
| Accounts Payable Assistant | 2,740 FJD | +21% |
| Accounts Payable Associate | 2,990 FJD | +32% |
| Accounts Payable Clerk | 2,440 FJD | +7% |
| Accounts Payable Manager | 6,290 FJD | +180% |
| Accounts Receivable Administrator | 5,010 FJD | +120% |
| Accounts Receivable Clerk | 2,540 FJD | +12% |
| Accounts Receivable Financial Analyst | 4,460 FJD | +96% |
| Accounts Receivable Manager | 6,470 FJD | +180% |
| Accounts Receivable Team Leader | 5,010 FJD | +120% |
| Algorithmic Trading Specialist | 5,750 FJD | +150% |
| Assistant Accountant | 2,430 FJD | +7% |
| Assistant Accounting Manager | 6,000 FJD | +160% |
| Assistant Auditor | 3,380 FJD | +49% |
| Assistant Corporate Controller | 4,560 FJD | +100% |
| Assistant Finance Manager | 6,900 FJD | +200% |
| Assistant Financial Controller | 4,690 FJD | +110% |
| Audit Director | 7,550 FJD | +230% |
| Audit Supervisor | 5,840 FJD | +160% |
| Auditing Clerk | 2,510 FJD | +11% |
| Auditing Manager | 6,570 FJD | +190% |
| Billing Clerk | 2,620 FJD | +15% |
| Billing Coordinator | 3,040 FJD | +34% |
| Billing Specialist | 3,550 FJD | +56% |
| Billing Supervisor | 4,910 FJD | +120% |
| Bookkeeper | 2,270 FJD | -0% |
| Bookkeeping Specialist | 3,030 FJD | +33% |
| Budget Analyst | 5,770 FJD | +150% |
| Budget Manager | 6,720 FJD | +200% |
| Business Support Analyst | 3,810 FJD | +68% |
| Capital Markets Associate | 5,040 FJD | +120% |
| Cash Flow Analyst | 4,780 FJD | +110% |
| Cash Management Manager | 6,730 FJD | +200% |
| Cash Management Officer | 3,800 FJD | +67% |
| Cashbook Clerk | 2,330 FJD | +3% |
| Chartered Accountant | 4,110 FJD | +81% |
| Chief Accountant | 4,690 FJD | +110% |
| Chief Financial Technology Officer | 7,070 FJD | +210% |
| Collections Clerk | 1,980 FJD | -13% |
| Collections Representative | 2,800 FJD | +23% |
| Collections Specialist | 3,490 FJD | +54% |
| Corporate Controller | 5,090 FJD | +120% |
| Corporate Treasurer | 6,540 FJD | +190% |
| Cost Accountant | 3,430 FJD | +51% |
| Cost Accounting Manager | 6,610 FJD | +190% |
| Cost Accounting Supervisor | 5,370 FJD | +140% |
| Cost Analyst | 5,160 FJD | +130% |
| Credit and Collection Manager | 6,510 FJD | +190% |
| Credit and Collection Staff | 2,620 FJD | +15% |
| Credit and Loans Officer | 2,270 FJD | -0% |
| Credit Controller | 4,490 FJD | +98% |
| Credit Manager | 7,040 FJD | +210% |
| Debt Adviser | 5,360 FJD | +140% |
| Debt Collector | 2,540 FJD | +12% |
| Debtors Clerk | 2,270 FJD | -0% |
| Debtors Controller | 2,510 FJD | +11% |
| Deputy CFO | 9,340 FJD | +310% |
| Deputy Head of Finance | 8,830 FJD | +290% |
| Derivative Trader | 5,480 FJD | +140% |
| Director of Finance | 9,400 FJD | +310% |
| E-commerce Accountant | 3,360 FJD | +48% |
| Economist | 8,020 FJD | +250% |
| Equity Analyst | 5,860 FJD | +160% |
| Escrow Assistant | 2,930 FJD | +29% |
| Executive Accountant | 3,690 FJD | +62% |
| External Auditor | 4,760 FJD | +110% |
| Finance Administrator | 3,780 FJD | +66% |
| Finance Analyst | 6,130 FJD | +170% |
| Finance Associate | 2,740 FJD | +21% |
| Finance Data Analyst | 5,520 FJD | +140% |
| Finance Director | 9,980 FJD | +340% |
| Finance Executive | 7,210 FJD | +220% |
| Finance Licensing Clerk | 2,320 FJD | +2% |
| Finance Licensing Manager | 6,590 FJD | +190% |
| Finance Licensing Specialist | 3,630 FJD | +60% |
| Finance Manager | 9,220 FJD | +310% |
| Finance Officer | 3,300 FJD | +45% |
| Finance President | 9,790 FJD | +330% |
| Finance Relationship Manager | 7,490 FJD | +230% |
| Finance Release Analyst | 3,950 FJD | +74% |
| Finance Specialist | 5,300 FJD | +130% |
| Finance Team Leader | 7,010 FJD | +210% |
| Financial Accountant | 3,380 FJD | +49% |
| Financial Actuary | 4,830 FJD | +110% |
| Financial Administrator | 5,250 FJD | +130% |
| Financial Advisor | 6,240 FJD | +170% |
| Financial Analyst | 5,870 FJD | +160% |
| Financial Applications Specialist | 4,120 FJD | +81% |
| Financial Assistant | 2,580 FJD | +14% |
| Financial Associate | 3,190 FJD | +40% |
| Financial Claims Analyst | 4,220 FJD | +86% |
| Financial Claims Manager | 6,010 FJD | +160% |
| Financial Claims Supervisor | 5,430 FJD | +140% |
| Financial Clerk | 2,610 FJD | +15% |
| Financial Commercial Analyst | 4,790 FJD | +110% |
| Financial Compliance Analyst | 5,160 FJD | +130% |
| Financial Compliance Officer | 5,270 FJD | +130% |
| Financial Consultant | 4,310 FJD | +90% |
| Financial Controller | 5,140 FJD | +130% |
| Financial Coordinator | 3,090 FJD | +36% |
| Financial Customer Service Manager | 6,010 FJD | +160% |
| Financial Data Scientist | 6,020 FJD | +170% |
| Financial Dealer and Broker | 3,620 FJD | +59% |
| Financial Director | 9,630 FJD | +320% |
| Financial Encoder | 2,870 FJD | +26% |
| Financial Manager | 8,780 FJD | +290% |
| Financial Modelling Analyst | 5,640 FJD | +150% |
| Financial Operations Manager | 8,790 FJD | +290% |
| Financial Policy Analyst | 5,000 FJD | +120% |
| Financial Project Manager | 6,860 FJD | +200% |
| Financial Quantitative Analyst | 5,700 FJD | +150% |
| Financial Reporting Consultant | 4,600 FJD | +100% |
| Financial Reporting Manager | 6,160 FJD | +170% |
| Financial Section Head | 6,040 FJD | +170% |
| Financial Services Manager | 8,620 FJD | +280% |
| Financial Services Sales Agent | 3,460 FJD | +52% |
| Financial Technology Consultant | 5,320 FJD | +130% |
| Financial Wellness Coach | 6,740 FJD | +200% |
| FinTech Analyst | 5,500 FJD | +140% |
| Fixed Assets Administrator | 3,590 FJD | +58% |
| Forensic Accountant | 3,780 FJD | +66% |
| Fraud Detection Supervisor | 3,940 FJD | +73% |
| Fraud Prevention Manager | 7,000 FJD | +210% |
| Fund Accountant | 3,190 FJD | +40% |
| Grants Coordinator | 2,500 FJD | +10% |
| Green Finance Analyst | 5,220 FJD | +130% |
| Group Financial Manager | 9,700 FJD | +330% |
| Internal Auditor | 4,420 FJD | +95% |
| Internal Control Adviser | 5,030 FJD | +120% |
| Internal Control Officer | 2,990 FJD | +32% |
| International Tax Director | 8,220 FJD | +260% |
| Inventory Accountant | 3,590 FJD | +58% |
| Investment Advisor | 8,700 FJD | +280% |
| Investment Analyst | 6,240 FJD | +170% |
| Investment Associate | 5,300 FJD | +130% |
| Investment Broker | 5,700 FJD | +150% |
| Investment Fund Manager | 7,570 FJD | +230% |
| Investment Operations Manager | 7,370 FJD | +220% |
| Investment Underwriter | 2,810 FJD | +24% |
| Investor | 4,180 FJD | +84% |
| Investor Relations Manager | 6,320 FJD | +180% |
| KYC Team Leader | 6,230 FJD | +170% |
| Loan Processor | 2,760 FJD | +22% |
| Management Accountant | 3,700 FJD | +63% |
| Management Economist | 7,320 FJD | +220% |
| Paymaster | 2,680 FJD | +18% |
| Payroll Administrator | 4,300 FJD | +89% |
| Payroll Benefits Coordinator | 3,720 FJD | +64% |
| Payroll Billing Manager | 5,980 FJD | +160% |
| Payroll Clerk | 2,760 FJD | +22% |
| Payroll Manager | 6,230 FJD | +170% |
| Payroll Officer | 2,770 FJD | +22% |
| Payroll Specialist | 3,560 FJD | +57% |
| Payroll Supervisor | 4,230 FJD | +86% |
| Pensions Administrator | 3,330 FJD | +47% |
| Personal Financial Advisor | 4,680 FJD | +110% |
| Pricing Analyst | 5,650 FJD | +150% |
| Private Equity Analyst | 6,110 FJD | +170% |
| Project Accountant | 3,420 FJD | +51% |
| Proposal Development Coordinator | 2,790 FJD | +23% |
| Quantitative Trader | 4,910 FJD | +120% |
| Receivables Accountant | 2,970 FJD | +31% |
| Regulatory Accountant | 3,560 FJD | +57% |
| Retirement Plan Analyst | 5,090 FJD | +120% |
| Revenue Management Specialist | 5,690 FJD | +150% |
| Revenue Recognition Analyst | 6,250 FJD | +180% |
| Risk Management Director | 7,860 FJD | +250% |
| Risk Management Supervisor | 6,290 FJD | +180% |
| Staff Accountant | 3,020 FJD | +33% |
| Tax Accountant | 3,030 FJD | +33% |
| Tax Administrator | 3,590 FJD | +58% |
| Tax Advisor | 4,930 FJD | +120% |
| Tax Analyst | 4,790 FJD | +110% |
| Tax Associate | 2,930 FJD | +29% |
| Tax Consultant | 5,370 FJD | +140% |
| Tax Director | 7,580 FJD | +230% |
| Tax Examiner | 3,370 FJD | +48% |
| Tax Manager | 6,980 FJD | +210% |
| Tax Research Manager | 6,790 FJD | +200% |
| Teller | 1,930 FJD | -15% |
| Treasury Accountant | 3,440 FJD | +51% |
| Treasury Analyst | 5,520 FJD | +140% |
| Underwriter | 2,330 FJD | +3% |
| Underwriting Assistant | 2,130 FJD | -6% |
| Vice President of Finance | 8,760 FJD | +290% |
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 Fiji is 25% on average across all career fields.
| Private Sector | 4,300 FJD | |
| Public Sector | +25% | 5,360 FJD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Credit and Loans Officer in Fiji?
A good and competitive compensation would range anywhere between 2,170 FJD and 2,500 FJD. 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 Credit and Loans Officer in Fiji ranges from 1,040 FJD to 1,750 FJD. 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
