Loan Quality Assurance Auditor Average Salary in Fiji 2024
How much money does a person working as Loan Quality Assurance Auditor make in Fiji?
LOW
2,330
FJD AVERAGE
5,060
FJD HIGH
8,040
FJD
A person working as Loan Quality Assurance Auditor in Fiji typically earns around 5,060 FJD. Salaries range from 2,330 FJD (lowest) to 8,040 FJD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Loan Quality Assurance Auditor salaries in Fiji 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 Fiji
Salary Structure and Pay Scale Comparison
4,800 FJD or more
4,200 to 4,800 FJD
2,890 FJD or less
2,890 to 4,200 FJD
 2,330 FJD |
4,830 FJD |
8,040 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 Loan Quality Assurance Auditor in Fiji range from 2,330 FJD (starting salary) to 8,040 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 4,830 FJD, half of the professionals who work as Loan Quality Assurance Auditor 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 Loan Quality Assurance Auditor in Fiji earn less than 3,900 FJD, while 75% earn more. Similarly, the chart shows that 75% earn less than 5,570 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 Loan Quality Assurance Auditor in Fiji compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,890 FJD to 4,200 FJD. About 20% of salaries are below the 2,890 FJD mark, while 10% fall within the range of 4,200 FJD to 4,800 FJD. Only 5% of individuals have salaries exceeding 4,800 FJD.
Salary Comparison by Years of Experience / Loan Quality Assurance Auditor / Fiji
How do experience and age affect pay?
| 0 - 2 Years | 2,640 FJD | |
| 2 - 5 Years | +34% | 3,530 FJD |
| 5 - 10 Years | +48% | 5,210 FJD |
| 10 - 15 Years | +22% | 6,350 FJD |
| 15 - 20 Years | +9% | 6,930 FJD |
| 20+ Years | +8% | 7,500 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 Loan Quality Assurance Auditor and this is what we found.
Employees with less than two years of experience earn approximately 2,640 FJD.
While someone with an experience level between two and five years is expected to earn 3,530 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 5,210 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 6,350 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 6,930 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 7,500 FJD, 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 / Fiji
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 | 3,070 FJD | |
| Master's Degree | +93% | 5,930 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 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 3,070 FJD.
Level 2: Master's Degree
At this level, the average salary becomes 5,930 FJD, 93% 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 Fiji costs anywhere from 24,100 FJD to 72,400 FJD 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 / 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 Loan Quality Assurance Auditor in Fiji, the average difference between the salary of male and female employees is 11%.
| Male | 5,320 FJD | |
| Female | -10% | 4,800 FJD |
Salary Comparison By Gender in Fiji for all Careers
Average Annual Salary Increment Percentage / Loan Quality Assurance Auditor / Fiji
How much are annual salary increments in Fiji for individuals working as Loan Quality Assurance Auditor? How often do employees get salary raises?
Individuals working as Loan Quality Assurance Auditor in Fiji are likely to observe a salary increase of approximately 9% 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 / Loan Quality Assurance Auditor / Fiji
How much and how often are bonuses being awarded?
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34% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 66% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
| Received Bonus | 66% | |
| No Bonus | 34% |
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 / Fiji
29 FJD per hourThe average hourly wage (pay per hour) for individuals working as Loan Quality Assurance Auditor in Fiji is 29 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 Loan Quality Assurance Auditor in Fiji is 13 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 |
| Banking |  -100% | |
| AML Analyst | 7,220 FJD |  +43% |
| Assistant Bank Branch Manager | 6,200 FJD | +23% |
| Assistant Bank Manager | 7,910 FJD | +56% |
| ATM Manager | 7,180 FJD | +42% |
| ATM Service Technician | 1,920 FJD | -62% |
| Bank Accounts Analyst | 2,640 FJD | -48% |
| Bank Accounts Collector | 1,600 FJD | -68% |
| Bank Accounts Controller | 3,350 FJD | -34% |
| Bank Accounts Executive | 5,350 FJD | +6% |
| Bank Accounts Manager | 6,030 FJD | +19% |
| Bank Auditing Manager | 6,030 FJD | +19% |
| Bank Branch Manager | 8,690 FJD | +72% |
| Bank Branch Operations Coordinator | 3,820 FJD | -24% |
| Bank Clerk | 1,670 FJD | -67% |
| Bank Client Service Associate | 2,360 FJD | -53% |
| Bank Collector | 1,760 FJD | -65% |
| Bank Compliance Specialist | 4,450 FJD | -12% |
| Bank Manager | 9,980 FJD | +97% |
| Bank Operational Risk Manager | 10,100 FJD | +100% |
| Bank Operations Head | 9,750 FJD | +93% |
| Bank Operations Officer | 3,790 FJD | -25% |
| Bank Operations Specialist | 6,060 FJD | +20% |
| Bank Process Manager | 5,590 FJD | +11% |
| Bank Product Manager | 6,660 FJD | +32% |
| Bank Programme Manager | 6,760 FJD | +34% |
| Bank Project Manager | 7,520 FJD | +49% |
| Bank Propositions Manager | 6,970 FJD | +38% |
| Bank Quantitative Analyst | 5,150 FJD | +2% |
| Bank Regional Manager | 10,000 FJD | +98% |
| Bank Regional Risk Officer | 5,090 FJD | +1% |
| Bank Relationship Manager | 7,120 FJD | +41% |
| Bank Relationship Officer | 3,270 FJD | -35% |
| Bank Sustainability Analyst | 5,930 FJD | +17% |
| Bank Teller | 1,740 FJD | -66% |
| Banker | 3,610 FJD | -29% |
| Banking Business Analyst | 5,210 FJD | +3% |
| Banking Business Development Officer | 3,290 FJD | -35% |
| Banking Business Planning Executive | 7,130 FJD | +41% |
| Banking Data Analyst | 5,930 FJD | +17% |
| Banking Product Manager | 6,640 FJD | +31% |
| Banking Reference Data Manager | 5,860 FJD | +16% |
| Banking Regulatory Compliance Officer | 5,910 FJD | +17% |
| Banking Risk Analyst | 4,840 FJD | -4% |
| Banking Technical Analyst | 2,660 FJD | -47% |
| Bankruptcy Coordinator | 3,500 FJD | -31% |
| Bill and Account Collector | 1,840 FJD | -64% |
| Blockchain Analyst | 4,500 FJD | -11% |
| Blockchain Architect | 5,090 FJD | +1% |
| Blockchain Auditor | 4,380 FJD | -13% |
| Blockchain Compliance Analyst | 4,860 FJD | -4% |
| Blockchain Consultant | 4,950 FJD | -2% |
| Blockchain Trade Facilitator | 4,130 FJD | -18% |
| Budget Analyst | 4,960 FJD | -2% |
| Capital Risk Manager | 9,240 FJD | +83% |
| Cards Marketing Manager | 6,220 FJD | +23% |
| Cash Management Manager | 8,940 FJD | +77% |
| Check Processing Manager | 6,420 FJD | +27% |
| Chief Blockchain Officer | 5,470 FJD | +8% |
| Commercial Vault Associate | 4,830 FJD | -4% |
| Corporate Banker | 3,690 FJD | -27% |
| Corporate Dealer | 5,250 FJD | +4% |
| Credit Analyst | 3,920 FJD | -22% |
| Credit and Collections Manager | 6,610 FJD | +31% |
| Credit Card Fraud Investigator | 5,450 FJD | +8% |
| Credit Portfolio Manager | 9,190 FJD | +82% |
| Credit Risk Analyst | 5,770 FJD | +14% |
| Credit Risk Associate | 5,380 FJD | +6% |
| Cryptocurrency Accountant | 3,230 FJD | -36% |
| Cryptocurrency Adviser | 6,090 FJD | +20% |
| Cryptocurrency Analyst | 4,910 FJD | -3% |
| Cryptocurrency Compliance Manager | 5,930 FJD | +17% |
| Cryptocurrency Trader | 5,160 FJD | +2% |
| Digital Banking Manager | 7,010 FJD | +39% |
| Digital Currency Analyst | 4,930 FJD | -3% |
| Direct Bank Sales Representative | 3,630 FJD | -28% |
| Exchange Control Consultant | 5,610 FJD | +11% |
| Executive Account Analyst | 5,170 FJD | +2% |
| Financial Bank Planning Consultant | 6,460 FJD | +28% |
| Financial Banking Analysis Manager | 7,880 FJD | +56% |
| Financial Banking Assistant | 2,480 FJD | -51% |
| Financial Banking Systems Manager | 6,900 FJD | +36% |
| Foreign Exchange Manager | 7,180 FJD | +42% |
| Fraud Analyst | 5,620 FJD | +11% |
| Fraud Detection Associate | 3,820 FJD | -24% |
| Fraud Detection Manager | 8,250 FJD | +63% |
| Fraud Detection Supervisor | 4,490 FJD | -11% |
| Internal Bank Audit Manager | 9,780 FJD | +93% |
| Internal Bank Auditor | 5,060 FJD | +0% |
| Internal Private Banker | 3,760 FJD | -26% |
| International Banking Manager | 10,400 FJD | +110% |
| Investment Banking Analyst | 7,410 FJD | +47% |
| Loan Analyst | 5,210 FJD | +3% |
| Loan Area Manager | 5,940 FJD | +17% |
| Loan Audit Team Leader | 5,570 FJD | +10% |
| Loan Branch Manager | 5,930 FJD | +17% |
| Loan Business Development Officer | 3,110 FJD | -39% |
| Loan Clerk | 1,770 FJD | -65% |
| Loan Collection and Recovery Manager | 6,250 FJD | +24% |
| Loan Collection Manager | 6,420 FJD | +27% |
| Loan Collector | 1,660 FJD | -67% |
| Loan Examiner | 2,150 FJD | -57% |
| Loan Officer | 2,030 FJD | -60% |
| Loan Processing Manager | 5,700 FJD | +13% |
| Loan Processor | 2,320 FJD | -54% |
| Loan Quality Assurance Auditor | 5,060 FJD | +0% |
| Loan Quality Assurance Manager | 6,040 FJD | +19% |
| Loan Quality Assurance Representative | 3,920 FJD | -22% |
| Loan Review Manager | 5,750 FJD | +14% |
| Loan Team Leader | 5,000 FJD | -1% |
| Loans Manager | 6,630 FJD | +31% |
| Mortgage Advisor | 3,690 FJD | -27% |
| Mortgage Collection Manager | 6,060 FJD | +20% |
| Mortgage Collector | 1,640 FJD | -68% |
| Mortgage Credit Analyst | 2,590 FJD | -49% |
| Mortgage Credit Manager | 5,870 FJD | +16% |
| Mortgage Development Manager | 6,540 FJD | +29% |
| Mortgage Document Reviewer | 2,160 FJD | -57% |
| Mortgage Funding Manager | 6,900 FJD | +36% |
| Mortgage Operations Manager | 8,870 FJD | +75% |
| Mortgage Payment Processing Clerk | 1,900 FJD | -62% |
| Mortgage Processing Manager | 5,940 FJD | +17% |
| Mortgage Processor | 2,270 FJD | -55% |
| Mortgage Quality Assurance Auditor | 5,290 FJD | +5% |
| Mortgage Quality Assurance Manager | 5,890 FJD | +16% |
| Mortgage Servicing Clerk | 1,700 FJD | -66% |
| Mortgage Servicing Manager | 5,820 FJD | +15% |
| Mortgage Underwriter | 2,140 FJD | -58% |
| Online Banking Manager | 8,590 FJD | +70% |
| Open Banking Strategist | 5,180 FJD | +2% |
| Payment Processing Clerk | 1,880 FJD | -63% |
| Personal Banker | 3,540 FJD | -30% |
| Personal Banking Advisor | 3,770 FJD | -25% |
| Phone Banker | 2,580 FJD | -49% |
| Private Banker | 3,730 FJD | -26% |
| Reconciliation and Investigation Specialist | 4,140 FJD | -18% |
| Tax Officer | 2,980 FJD | -41% |
| Teller | 1,790 FJD | -65% |
| Trade Officer | 2,040 FJD | -60% |
| Trade Product Manager | 6,270 FJD | +24% |
| Trader | 2,560 FJD | -49% |
| Treasury Operations Officer | 4,650 FJD | -8% |
| Wealth Management Advisor | 7,480 FJD | +48% |
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 Loan Quality Assurance Auditor in Fiji?
A good and competitive compensation would range anywhere between 4,830 FJD and 5,570 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 Loan Quality Assurance Auditor in Fiji ranges from 2,330 FJD to 3,900 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
