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Eligibility Specialist Average Salary in Macao 2020

How much money does an Eligibility Specialist make in Macao?


Average Monthly Salary
7,810 MOP
( 93,700 MOP yearly)

LOW
3,590
MOP
AVERAGE
7,810
MOP
HIGH
12,400
MOP

A person working as an Eligibility Specialist in Macao typically earns around 7,810 MOP per month. Salaries range from 3,590 MOP (lowest) to 12,400 MOP (highest).

This is the average monthly salary including housing, transport, and other benefits. Eligibility Specialist salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Eligibility Specialist Salary Distribution in Macao

Median and salary distribution monthly Macao Eligibility Specialist
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The median, the maximum, the minimum, and the range

  • Salary Range

    Eligibility Specialist salaries in Macao range from 3,590 MOP per month (minimum salary) to 12,400 MOP per month (maximum salary).

  • Median Salary

    The median salary is 8,440 MOP per month, which means that half (50%) of people working as Eligibility Specialist(s) are earning less than 8,440 MOP while the other half are earning more than 8,440 MOP. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Eligibility Specialist(s) are earning less than 5,410 MOP while 75% of them are earning more than 5,410 MOP. Also from the diagram, 75% of Eligibility Specialist(s) are earning less than 11,300 MOP while 25% are earning more than 11,300 MOP.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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

Eligibility Specialist Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Macao Eligibility Specialist
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Eligibility Specialist salaries by experience level and this is what we found.

An Eligibility Specialist with less than two years of experience makes approximately 4,080 MOP per month.

While someone with an experience level between two and five years is expected to earn 5,450 MOP per month, 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 8,050 MOP per month, 48% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Eligibility Specialist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 9,820 MOP per month, 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 10,700 MOP per month, 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 11,600 MOP per month, 8% more than people with fifteen to twenty years of experience.


Eligibility Specialist average salary change by experience in Macao

0 - 2 Years
4,080 MOP
2 - 5 Years+34%
5,450 MOP
5 - 10 Years+48%
8,050 MOP
10 - 15 Years+22%
9,820 MOP
15 - 20 Years+9%
10,700 MOP
20+ Years+8%
11,600 MOP
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Eligibility Specialist Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Eligibility Specialist(s) who have the same experience but different education levels.

Salary comparison by education level monthly Macao Eligibility Specialist
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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 Eligibility Specialist salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of an Eligibility Specialist is 4,740 MOP per month.

While someone with a Master's Degree gets a salary of 9,160 MOP per month, 93% more than someone having a Bachelor's Degree degree.


Eligibility Specialist average salary difference by education level in Macao

Bachelor's Degree
4,740 MOP
Master's Degree+93%
9,160 MOP
Percentage increase and decrease are relative to the previous value

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 Macao costs anywhere from 37,300 Pataca(s) to 112,000 Pataca(s) 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 into a higher paying job. The numbers seem to support the thoery. 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 Comparison By Education Level
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Eligibility Specialist Salary Comparison By Gender

Salary comparison by gender monthly Macao Eligibility Specialist
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Eligibility Specialist employees in Macao earn 19% more than their female counterparts on average.

Male
8,500 MOP
Female-16%
7,130 MOP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Macao for all Careers

Salary comparison by gender monthly Macao
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Eligibility Specialist Average Annual Salary Increment Percentage in Macao

How much are annual salary increments in Macao for Eligibility Specialist(s)? How often do employees get salary raises?

Eligibility Specialist

Eligibility Specialist(s) in Macao are likely to observe a salary increase of approximately 8% every 29 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Macao Eligibility Specialist
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Macao / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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

The average salary increase in one year (12 months) in Macao is 2%.

Annual Increment Rate By Industry 2019

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Listed above are the average annual increase rates for each industry in Macao for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Eligibility Specialist Bonus and Incentive Rates in Macao

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Macao Eligibility Specialist
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An Eligibility Specialist is considered to be a low bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

84% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 16% 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
16%
No Bonus
84%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, 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 Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These 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 GeneratorsSupporting 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:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

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.

Eligibility Specialist Average Hourly Wage in Macao


45 MOP per hour

The average hourly wage (pay per hour) in Macao is 45 MOP. This means that the average Eligibility Specialist in Macao earns approximately 45 MOP for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

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 fix 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.

Eligibility Specialist VS Other Jobs

Salary Comparison Between Eligibility Specialist and Insurance monthly Macao
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The average salary for Eligibility Specialist is 4% more than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst10,600 MOP+36%
Actuarial Assistant6,930 MOP-11%
Actuary10,000 MOP+28%
Adjustment Insurance Clerk2,870 MOP-63%
Assistant Broker4,930 MOP-37%
Assistant Claims Manager7,960 MOP+2%
Associate Insurance Representative3,800 MOP-51%
Auditing Insurance Manager11,800 MOP+51%
Broker7,750 MOP-1%
Claim Advocacy Professional7,800 MOP-0%
Claims Adjuster2,730 MOP-65%
Claims Analyst3,930 MOP-50%
Claims Examiner4,030 MOP-48%
Claims Manager11,200 MOP+43%
Claims Processor2,750 MOP-65%
Claims Representative3,310 MOP-58%
Claims Resolution Specialist8,590 MOP+10%
Claims Supervisor7,520 MOP-4%
Complaints Specialist7,240 MOP-7%
Compliance Officer6,080 MOP-22%
Consultant7,220 MOP-8%
Eligibility Specialist7,810 MOP-0%
Insurance Account Manager9,640 MOP+23%
Insurance Accounts Executive7,930 MOP+2%
Insurance Agent4,460 MOP-43%
Insurance Analyst7,810 MOP-0%
Insurance Appraiser7,860 MOP+1%
Insurance Claims Clerk2,700 MOP-65%
Insurance Examiner6,840 MOP-12%
Insurance Investigator7,210 MOP-8%
Insurance Manager13,000 MOP+66%
Insurance Operations Manager13,400 MOP+72%
Insurance Policy Processing Clerk2,920 MOP-63%
Insurance Pricing Assistant6,310 MOP-19%
Insurance Program Manager9,680 MOP+24%
Insurance Project Manager9,200 MOP+18%
Insurance Quality Assurance Agent6,860 MOP-12%
Insurance Sales Agent4,340 MOP-44%
Insurance Sales Director12,000 MOP+54%
Insurance Team Leader8,360 MOP+7%
Insurance Underwriter5,780 MOP-26%
Loss Control Specialist7,380 MOP-6%
Loss Prevention Investigator8,150 MOP+4%
Loss Prevention Manager10,600 MOP+36%
Loss Prevention Specialist7,950 MOP+2%
Marine Underwriter5,640 MOP-28%
Medical Auditor7,650 MOP-2%
Monitoring and Performance Officer5,400 MOP-31%
Payment Services Specialist7,860 MOP+1%
Policy Change Director11,600 MOP+48%
Policy Change Supervisor8,210 MOP+5%
Policy Change Technician3,780 MOP-52%
Risk Analyst8,310 MOP+6%
Risk Management Director14,800 MOP+89%
Risk Management Supervisor9,800 MOP+25%
Risk Manager13,500 MOP+73%
Risk Modeling Manager13,900 MOP+78%
Title Insurance Typist6,220 MOP-20%
Training Manager8,600 MOP+10%

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Macao earn 25% more than their private sector counterparts on average across all sectors.

Private Sector
6,640 MOP
Public Sector+25%
8,280 MOP
Percentage increase and decrease are relative to the previous value

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