Loan Collector Average Salary in Hong Kong 2024
How much money does a person working as Loan Collector make in Hong Kong?
LOW
5,760
HKD AVERAGE
12,000
HKD HIGH
18,800
HKD
A person working as Loan Collector in Hong Kong typically earns around 12,000 HKD. Salaries range from 5,760 HKD (lowest) to 18,800 HKD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Loan Collector salaries in Hong Kong vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Loan Collector Pay Scale and Salaries in Hong Kong
Salary Structure and Pay Scale Comparison
11,200 HKD or more
9,870 to 11,200 HKD
6,940 HKD or less
6,940 to 9,870 HKD
 5,760 HKD |
11,300 HKD |
18,800 HKD |
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 Collector in Hong Kong range from 5,760 HKD (starting salary) to 18,800 HKD (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 11,300 HKD, half of the professionals who work as Loan Collector in Hong Kong 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 Collector in Hong Kong earn less than 9,180 HKD, while 75% earn more. Similarly, the chart shows that 75% earn less than 12,900 HKD 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 Collector in Hong Kong compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 6,940 HKD to 9,870 HKD. About 20% of salaries are below the 6,940 HKD mark, while 10% fall within the range of 9,870 HKD to 11,200 HKD. Only 5% of individuals have salaries exceeding 11,200 HKD.
Salary Comparison by Years of Experience / Loan Collector / Hong Kong
How do experience and age affect pay?
| 0 - 2 Years | 6,740 HKD | |
| 2 - 5 Years | +42% | 9,550 HKD |
| 5 - 10 Years | +31% | 12,600 HKD |
| 10 - 15 Years | +23% | 15,400 HKD |
| 15 - 20 Years | +6% | 16,400 HKD |
| 20+ Years | +10% | 18,000 HKD |
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 Collector and this is what we found.
Employees with less than two years of experience earn approximately 6,740 HKD.
While someone with an experience level between two and five years is expected to earn 9,550 HKD, 42% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 12,600 HKD, 31% 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 15,400 HKD, 23% 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 16,400 HKD, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 18,000 HKD, 10% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Loan Collector / Hong Kong
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Loan Collector.
| High School | 8,370 HKD | |
| Certificate or Diploma | +47% | 12,300 HKD |
| Bachelor's Degree | +34% | 16,500 HKD |
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 Collector in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 8,370 HKD.
Level 2: Certificate or Diploma
At this level, the average salary becomes 12,300 HKD, 47% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 16,500 HKD, 34% more than the previous level.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Loan Collector / Hong Kong
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 Collector in Hong Kong, the average difference between the salary of male and female employees is 7%.
| Male | 12,500 HKD | |
| Female | -6% | 11,700 HKD |
Salary Comparison By Gender in Hong Kong for all Careers
Average Annual Salary Increment Percentage / Loan Collector / Hong Kong
How much are annual salary increments in Hong Kong for individuals working as Loan Collector? How often do employees get salary raises?
Individuals working as Loan Collector in Hong Kong are likely to observe a salary increase of approximately 7% every 27 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
Hong Kong / 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 Collector / Hong Kong
How much and how often are bonuses being awarded?
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87% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 13% 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 | 13% | |
| No Bonus | 87% |
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 Collector / Hong Kong
69 HKD per hourThe average hourly wage (pay per hour) for individuals working as Loan Collector in Hong Kong is 69 HKD.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 Collector in Hong Kong is 33 HKD. 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 | 52,300 HKD |  +340% |
| Assistant Bank Branch Manager | 43,700 HKD | +260% |
| Assistant Bank Manager | 58,800 HKD | +390% |
| ATM Manager | 49,500 HKD | +310% |
| ATM Service Technician | 13,600 HKD | +13% |
| Bank Accounts Analyst | 19,600 HKD | +63% |
| Bank Accounts Collector | 12,200 HKD | +2% |
| Bank Accounts Controller | 25,600 HKD | +110% |
| Bank Accounts Executive | 37,800 HKD | +220% |
| Bank Accounts Manager | 43,700 HKD | +260% |
| Bank Auditing Manager | 43,700 HKD | +260% |
| Bank Branch Manager | 59,800 HKD | +400% |
| Bank Branch Operations Coordinator | 27,000 HKD | +130% |
| Bank Clerk | 12,400 HKD | +3% |
| Bank Client Service Associate | 17,100 HKD | +43% |
| Bank Collector | 12,100 HKD | +1% |
| Bank Compliance Specialist | 33,900 HKD | +180% |
| Bank Manager | 75,900 HKD | +530% |
| Bank Operational Risk Manager | 69,900 HKD | +480% |
| Bank Operations Head | 78,000 HKD | +550% |
| Bank Operations Officer | 29,600 HKD | +150% |
| Bank Operations Specialist | 47,300 HKD | +290% |
| Bank Process Manager | 40,500 HKD | +240% |
| Bank Product Manager | 49,500 HKD | +310% |
| Bank Programme Manager | 47,700 HKD | +300% |
| Bank Project Manager | 57,300 HKD | +380% |
| Bank Propositions Manager | 54,400 HKD | +350% |
| Bank Quantitative Analyst | 37,300 HKD | +210% |
| Bank Regional Manager | 74,300 HKD | +520% |
| Bank Regional Risk Officer | 39,700 HKD | +230% |
| Bank Relationship Manager | 54,200 HKD | +350% |
| Bank Relationship Officer | 24,900 HKD | +110% |
| Bank Sustainability Analyst | 43,000 HKD | +260% |
| Bank Teller | 13,600 HKD | +13% |
| Banker | 24,800 HKD | +110% |
| Banking Business Analyst | 38,700 HKD | +220% |
| Banking Business Development Officer | 25,000 HKD | +110% |
| Banking Business Planning Executive | 55,700 HKD | +360% |
| Banking Data Analyst | 44,000 HKD | +270% |
| Banking Product Manager | 45,800 HKD | +280% |
| Banking Reference Data Manager | 40,400 HKD | +240% |
| Banking Regulatory Compliance Officer | 45,000 HKD | +280% |
| Banking Risk Analyst | 36,900 HKD | +210% |
| Banking Technical Analyst | 20,800 HKD | +73% |
| Bankruptcy Coordinator | 28,000 HKD | +130% |
| Bill and Account Collector | 13,000 HKD | +8% |
| Blockchain Analyst | 31,000 HKD | +160% |
| Blockchain Architect | 39,700 HKD | +230% |
| Blockchain Auditor | 35,000 HKD | +190% |
| Blockchain Compliance Analyst | 36,100 HKD | +200% |
| Blockchain Consultant | 37,700 HKD | +210% |
| Blockchain Trade Facilitator | 32,200 HKD | +170% |
| Budget Analyst | 35,900 HKD | +200% |
| Capital Risk Manager | 70,500 HKD | +490% |
| Cards Marketing Manager | 46,200 HKD | +290% |
| Cash Management Manager | 69,800 HKD | +480% |
| Check Processing Manager | 51,400 HKD | +330% |
| Chief Blockchain Officer | 43,900 HKD | +270% |
| Commercial Vault Associate | 36,800 HKD | +210% |
| Corporate Banker | 28,800 HKD | +140% |
| Corporate Dealer | 40,000 HKD | +230% |
| Credit Analyst | 30,600 HKD | +160% |
| Credit and Collections Manager | 53,000 HKD | +340% |
| Credit Card Fraud Investigator | 40,500 HKD | +240% |
| Credit Portfolio Manager | 68,200 HKD | +470% |
| Credit Risk Analyst | 42,900 HKD | +260% |
| Credit Risk Associate | 40,000 HKD | +230% |
| Cryptocurrency Accountant | 25,200 HKD | +110% |
| Cryptocurrency Adviser | 48,800 HKD | +310% |
| Cryptocurrency Analyst | 36,500 HKD | +200% |
| Cryptocurrency Compliance Manager | 45,100 HKD | +280% |
| Cryptocurrency Trader | 40,300 HKD | +240% |
| Digital Banking Manager | 52,100 HKD | +330% |
| Digital Currency Analyst | 37,600 HKD | +210% |
| Direct Bank Sales Representative | 27,700 HKD | +130% |
| Exchange Control Consultant | 39,700 HKD | +230% |
| Executive Account Analyst | 35,600 HKD | +200% |
| Financial Bank Planning Consultant | 50,400 HKD | +320% |
| Financial Banking Analysis Manager | 57,100 HKD | +380% |
| Financial Banking Assistant | 18,500 HKD | +54% |
| Financial Banking Systems Manager | 52,600 HKD | +340% |
| Foreign Exchange Manager | 56,100 HKD | +370% |
| Fraud Analyst | 38,700 HKD | +220% |
| Fraud Detection Associate | 27,700 HKD | +130% |
| Fraud Detection Manager | 61,300 HKD | +410% |
| Fraud Detection Supervisor | 33,300 HKD | +180% |
| Internal Bank Audit Manager | 69,100 HKD | +480% |
| Internal Bank Auditor | 36,700 HKD | +210% |
| Internal Private Banker | 28,600 HKD | +140% |
| International Banking Manager | 77,200 HKD | +540% |
| Investment Banking Analyst | 56,400 HKD | +370% |
| Loan Analyst | 36,800 HKD | +210% |
| Loan Area Manager | 45,300 HKD | +280% |
| Loan Audit Team Leader | 42,400 HKD | +250% |
| Loan Branch Manager | 41,900 HKD | +250% |
| Loan Business Development Officer | 22,500 HKD | +88% |
| Loan Clerk | 13,100 HKD | +9% |
| Loan Collection and Recovery Manager | 44,100 HKD | +270% |
| Loan Collection Manager | 44,300 HKD | +270% |
| Loan Collector | 12,000 HKD | +0% |
| Loan Examiner | 15,900 HKD | +33% |
| Loan Officer | 14,300 HKD | +19% |
| Loan Processing Manager | 39,200 HKD | +230% |
| Loan Processor | 16,300 HKD | +36% |
| Loan Quality Assurance Auditor | 40,500 HKD | +240% |
| Loan Quality Assurance Manager | 44,900 HKD | +270% |
| Loan Quality Assurance Representative | 29,800 HKD | +150% |
| Loan Review Manager | 44,900 HKD | +270% |
| Loan Team Leader | 40,000 HKD | +230% |
| Loans Manager | 49,200 HKD | +310% |
| Mortgage Advisor | 27,400 HKD | +130% |
| Mortgage Collection Manager | 46,100 HKD | +280% |
| Mortgage Collector | 12,800 HKD | +7% |
| Mortgage Credit Analyst | 20,800 HKD | +73% |
| Mortgage Credit Manager | 43,600 HKD | +260% |
| Mortgage Development Manager | 49,800 HKD | +320% |
| Mortgage Document Reviewer | 16,900 HKD | +41% |
| Mortgage Funding Manager | 50,000 HKD | +320% |
| Mortgage Operations Manager | 65,900 HKD | +450% |
| Mortgage Payment Processing Clerk | 14,500 HKD | +21% |
| Mortgage Processing Manager | 44,100 HKD | +270% |
| Mortgage Processor | 17,300 HKD | +44% |
| Mortgage Quality Assurance Auditor | 37,400 HKD | +210% |
| Mortgage Quality Assurance Manager | 42,700 HKD | +260% |
| Mortgage Servicing Clerk | 13,300 HKD | +11% |
| Mortgage Servicing Manager | 42,200 HKD | +250% |
| Mortgage Underwriter | 15,900 HKD | +33% |
| Online Banking Manager | 65,400 HKD | +450% |
| Open Banking Strategist | 39,500 HKD | +230% |
| Payment Processing Clerk | 13,300 HKD | +11% |
| Personal Banker | 26,300 HKD | +120% |
| Personal Banking Advisor | 28,700 HKD | +140% |
| Phone Banker | 18,200 HKD | +52% |
| Private Banker | 27,000 HKD | +130% |
| Reconciliation and Investigation Specialist | 30,800 HKD | +160% |
| Tax Officer | 22,100 HKD | +84% |
| Teller | 12,600 HKD | +5% |
| Trade Officer | 15,500 HKD | +29% |
| Trade Product Manager | 44,400 HKD | +270% |
| Trader | 18,500 HKD | +54% |
| Treasury Operations Officer | 35,400 HKD | +200% |
| Wealth Management Advisor | 58,300 HKD | +390% |
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 Hong Kong is 10% on average across all career fields.
| Private Sector | 35,600 HKD | |
| Public Sector | +10% | 39,300 HKD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Loan Collector in Hong Kong?
A good and competitive compensation would range anywhere between 11,300 HKD and 12,900 HKD. 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 Collector in Hong Kong ranges from 5,760 HKD to 9,180 HKD. 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
