A person working as Loan Area Manager in Kuwait typically earns around 1,740 KWD. Salaries range from 940 KWD (lowest) to 2,630 KWD (highest).
This is the average salary including housing, transport, and other benefits. Loan Area Manager salaries in Kuwait vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Minimum Salary 940 KWD |
Median 1,560 KWD |
Maximum 2,630 KWD |
Salaries for the position Loan Area Manager in Kuwait range from 940 KWD (starting salary) to 2,630 KWD (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.
With a median salary of 1,560 KWD, half of the professionals who work as Loan Area Manager in Kuwait 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.
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 Area Manager in Kuwait earn less than 1,300 KWD, while 75% earn more. Similarly, the chart shows that 75% earn less than 1,760 KWD while 25% earn more.
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 Area Manager in Kuwait compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,030 KWD to 1,390 KWD. About 20% of salaries are below the 1,030 KWD mark, while 10% fall within the range of 1,390 KWD to 1,550 KWD. Only 5% of individuals have salaries exceeding 1,550 KWD.
0 - 2 Years | 1,090 KWD | |
2 - 5 Years | +26% | 1,380 KWD |
5 - 10 Years | +32% | 1,820 KWD |
10 - 15 Years | +18% | 2,140 KWD |
15 - 20 Years | +11% | 2,370 KWD |
20+ Years | +6% | 2,520 KWD |
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 Area Manager and this is what we found.
Employees with less than two years of experience earn approximately 1,090 KWD.
While someone with an experience level between two and five years is expected to earn 1,380 KWD, 26% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 1,820 KWD, 32% 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 2,140 KWD, 18% 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 2,370 KWD, 11% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 2,520 KWD, 6% more than people with fifteen to twenty years of experience.
Bachelor's Degree | 1,410 KWD | |
Master's Degree | +53% | 2,160 KWD |
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 Area Manager in order to make a comparison.
Employees at this education level have an average salary of 1,410 KWD.
At this level, the average salary becomes 2,160 KWD, 53% more than the previous level.
A Master's degree program or any post-graduate program in Kuwait costs anywhere from 6,350 KWD to 19,000 KWD 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.
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 Area Manager in Kuwait, the average difference between the salary of male and female employees is 8%.
Male | 1,800 KWD | |
Female | -7% | 1,670 KWD |
Individuals working as Loan Area Manager in Kuwait are likely to observe a salary increase of approximately 8% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
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.
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
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.
41% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 59% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 7% of their annual salary.
Received Bonus | 59% | |
No Bonus | 41% |
The 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.
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.
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.
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.
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.
The minimum pay rate per hour for people working as Loan Area Manager in Kuwait is 5 KWD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Job Title | Average Salary |
Banking | -100% | |
AML Analyst | 2,040 KWD | +17% |
Assistant Bank Branch Manager | 1,750 KWD | +0% |
Assistant Bank Manager | 2,330 KWD | +34% |
ATM Manager | 2,000 KWD | +15% |
ATM Service Technician | 510 KWD | -71% |
Bank Accounts Analyst | 740 KWD | -58% |
Bank Accounts Collector | 480 KWD | -72% |
Bank Accounts Controller | 960 KWD | -45% |
Bank Accounts Executive | 1,450 KWD | -17% |
Bank Accounts Manager | 1,700 KWD | -2% |
Bank Auditing Manager | 1,650 KWD | -5% |
Bank Branch Manager | 2,350 KWD | +35% |
Bank Branch Operations Coordinator | 1,030 KWD | -41% |
Bank Clerk | 450 KWD | -74% |
Bank Client Service Associate | 660 KWD | -62% |
Bank Collector | 490 KWD | -72% |
Bank Compliance Specialist | 1,260 KWD | -28% |
Bank Manager | 2,690 KWD | +54% |
Bank Operational Risk Manager | 2,610 KWD | +50% |
Bank Operations Head | 2,660 KWD | +53% |
Bank Operations Officer | 1,110 KWD | -36% |
Bank Operations Specialist | 1,710 KWD | -2% |
Bank Process Manager | 1,500 KWD | -14% |
Bank Product Manager | 1,720 KWD | -1% |
Bank Programme Manager | 1,910 KWD | +10% |
Bank Project Manager | 2,260 KWD | +30% |
Bank Propositions Manager | 2,010 KWD | +15% |
Bank Quantitative Analyst | 1,430 KWD | -18% |
Bank Regional Manager | 2,870 KWD | +65% |
Bank Regional Risk Officer | 1,500 KWD | -14% |
Bank Relationship Manager | 2,140 KWD | +23% |
Bank Relationship Officer | 940 KWD | -46% |
Bank Sustainability Analyst | 1,560 KWD | -10% |
Bank Teller | 480 KWD | -72% |
Banker | 1,000 KWD | -43% |
Banking Business Analyst | 1,450 KWD | -17% |
Banking Business Development Officer | 870 KWD | -50% |
Banking Business Planning Executive | 2,050 KWD | +18% |
Banking Data Analyst | 1,630 KWD | -6% |
Banking Product Manager | 1,710 KWD | -2% |
Banking Reference Data Manager | 1,630 KWD | -6% |
Banking Regulatory Compliance Officer | 1,700 KWD | -2% |
Banking Risk Analyst | 1,420 KWD | -19% |
Banking Technical Analyst | 750 KWD | -57% |
Bankruptcy Coordinator | 1,030 KWD | -41% |
Bill and Account Collector | 510 KWD | -71% |
Blockchain Analyst | 1,280 KWD | -27% |
Blockchain Architect | 1,360 KWD | -22% |
Blockchain Auditor | 1,230 KWD | -29% |
Blockchain Compliance Analyst | 1,290 KWD | -26% |
Blockchain Consultant | 1,370 KWD | -21% |
Blockchain Trade Facilitator | 1,160 KWD | -33% |
Budget Analyst | 1,460 KWD | -16% |
Capital Risk Manager | 2,780 KWD | +59% |
Cards Marketing Manager | 1,740 KWD | -0% |
Cash Management Manager | 2,450 KWD | +41% |
Check Processing Manager | 1,840 KWD | +6% |
Chief Blockchain Officer | 1,560 KWD | -10% |
Commercial Vault Associate | 1,350 KWD | -23% |
Corporate Banker | 1,010 KWD | -42% |
Corporate Dealer | 1,550 KWD | -11% |
Credit Analyst | 1,160 KWD | -33% |
Credit and Collections Manager | 1,840 KWD | +6% |
Credit Card Fraud Investigator | 1,430 KWD | -18% |
Credit Portfolio Manager | 2,700 KWD | +55% |
Credit Risk Analyst | 1,550 KWD | -11% |
Credit Risk Associate | 1,510 KWD | -13% |
Cryptocurrency Accountant | 910 KWD | -48% |
Cryptocurrency Adviser | 1,790 KWD | +3% |
Cryptocurrency Analyst | 1,360 KWD | -22% |
Cryptocurrency Compliance Manager | 1,720 KWD | -1% |
Cryptocurrency Trader | 1,410 KWD | -19% |
Digital Banking Manager | 1,980 KWD | +14% |
Digital Currency Analyst | 1,420 KWD | -19% |
Direct Bank Sales Representative | 1,000 KWD | -43% |
Exchange Control Consultant | 1,480 KWD | -15% |
Executive Account Analyst | 1,470 KWD | -16% |
Financial Bank Planning Consultant | 1,910 KWD | +10% |
Financial Banking Analysis Manager | 2,140 KWD | +23% |
Financial Banking Assistant | 700 KWD | -60% |
Financial Banking Systems Manager | 2,040 KWD | +17% |
Foreign Exchange Manager | 2,000 KWD | +15% |
Fraud Analyst | 1,560 KWD | -10% |
Fraud Detection Associate | 1,010 KWD | -42% |
Fraud Detection Manager | 2,290 KWD | +31% |
Fraud Detection Supervisor | 1,240 KWD | -29% |
Internal Bank Audit Manager | 2,650 KWD | +52% |
Internal Bank Auditor | 1,430 KWD | -18% |
Internal Private Banker | 1,040 KWD | -40% |
International Banking Manager | 2,780 KWD | +59% |
Investment Banking Analyst | 2,040 KWD | +17% |
Loan Analyst | 1,440 KWD | -17% |
Loan Area Manager | 1,740 KWD | -0% |
Loan Audit Team Leader | 1,630 KWD | -6% |
Loan Branch Manager | 1,640 KWD | -6% |
Loan Business Development Officer | 900 KWD | -48% |
Loan Clerk | 480 KWD | -72% |
Loan Collection and Recovery Manager | 1,680 KWD | -4% |
Loan Collection Manager | 1,660 KWD | -5% |
Loan Collector | 470 KWD | -73% |
Loan Examiner | 630 KWD | -64% |
Loan Officer | 540 KWD | -69% |
Loan Processing Manager | 1,580 KWD | -9% |
Loan Processor | 670 KWD | -62% |
Loan Quality Assurance Auditor | 1,380 KWD | -21% |
Loan Quality Assurance Manager | 1,560 KWD | -10% |
Loan Quality Assurance Representative | 1,060 KWD | -39% |
Loan Review Manager | 1,620 KWD | -7% |
Loan Team Leader | 1,470 KWD | -16% |
Loans Manager | 1,850 KWD | +6% |
Mortgage Advisor | 1,020 KWD | -41% |
Mortgage Collection Manager | 1,750 KWD | +0% |
Mortgage Collector | 450 KWD | -74% |
Mortgage Credit Analyst | 740 KWD | -58% |
Mortgage Credit Manager | 1,580 KWD | -9% |
Mortgage Development Manager | 1,840 KWD | +6% |
Mortgage Document Reviewer | 640 KWD | -63% |
Mortgage Funding Manager | 1,920 KWD | +10% |
Mortgage Operations Manager | 2,500 KWD | +43% |
Mortgage Payment Processing Clerk | 560 KWD | -68% |
Mortgage Processing Manager | 1,560 KWD | -10% |
Mortgage Processor | 620 KWD | -64% |
Mortgage Quality Assurance Auditor | 1,470 KWD | -16% |
Mortgage Quality Assurance Manager | 1,550 KWD | -11% |
Mortgage Servicing Clerk | 490 KWD | -72% |
Mortgage Servicing Manager | 1,570 KWD | -10% |
Mortgage Underwriter | 590 KWD | -66% |
Online Banking Manager | 2,400 KWD | +38% |
Open Banking Strategist | 1,490 KWD | -15% |
Payment Processing Clerk | 500 KWD | -71% |
Personal Banker | 1,060 KWD | -39% |
Personal Banking Advisor | 1,040 KWD | -40% |
Phone Banker | 700 KWD | -60% |
Private Banker | 1,030 KWD | -41% |
Reconciliation and Investigation Specialist | 1,130 KWD | -35% |
Tax Officer | 830 KWD | -52% |
Teller | 510 KWD | -71% |
Trade Officer | 600 KWD | -66% |
Trade Product Manager | 1,740 KWD | -0% |
Trader | 670 KWD | -62% |
Treasury Operations Officer | 1,220 KWD | -30% |
Wealth Management Advisor | 2,000 KWD | +15% |
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 Kuwait is 10% on average across all career fields.
Private Sector | 1,230 KWD | |
Public Sector | +10% | 1,360 KWD |
A good and competitive compensation would range anywhere between 1,560 KWD and 1,760 KWD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
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.
The base salary for a careers like Loan Area Manager in Kuwait ranges from 940 KWD to 1,300 KWD. 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.
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