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Eligibility Specialist Average Salary in San Marino 2020

How much money does an Eligibility Specialist make in San Marino?


Average Monthly Salary
4,400 EUR
( 52,800 EUR yearly)

LOW
2,020
EUR
AVERAGE
4,400
EUR
HIGH
6,990
EUR

A person working as an Eligibility Specialist in San Marino typically earns around 4,400 EUR per month. Salaries range from 2,020 EUR (lowest) to 6,990 EUR (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 San Marino

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

  • Salary Range

    Eligibility Specialist salaries in San Marino range from 2,020 EUR per month (minimum salary) to 6,990 EUR per month (maximum salary).

  • Median Salary

    The median salary is 4,750 EUR per month, which means that half (50%) of people working as Eligibility Specialist(s) are earning less than 4,750 EUR while the other half are earning more than 4,750 EUR. 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 3,050 EUR while 75% of them are earning more than 3,050 EUR. Also from the diagram, 75% of Eligibility Specialist(s) are earning less than 6,340 EUR while 25% are earning more than 6,340 EUR.


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 San Marino 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 2,300 EUR per month.

While someone with an experience level between two and five years is expected to earn 3,070 EUR 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 4,530 EUR 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 5,520 EUR 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 6,020 EUR 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 6,520 EUR per month, 8% more than people with fifteen to twenty years of experience.


Eligibility Specialist average salary change by experience in San Marino

0 - 2 Years
2,300 EUR
2 - 5 Years+34%
3,070 EUR
5 - 10 Years+48%
4,530 EUR
10 - 15 Years+22%
5,520 EUR
15 - 20 Years+9%
6,020 EUR
20+ Years+8%
6,520 EUR
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 San Marino 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 2,670 EUR per month.

While someone with a Master's Degree gets a salary of 5,150 EUR per month, 93% more than someone having a Bachelor's Degree degree.


Eligibility Specialist average salary difference by education level in San Marino

Bachelor's Degree
2,670 EUR
Master's Degree+93%
5,150 EUR
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 San Marino costs anywhere from 22,700 Euro(s) to 68,100 Euro(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 San Marino 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 San Marino earn 19% more than their female counterparts on average.

Male
4,780 EUR
Female-16%
4,010 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in San Marino for all Careers

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

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

Eligibility Specialist

Eligibility Specialist(s) in San Marino are likely to observe a salary increase of approximately 7% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate San Marino 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.

San Marino / 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 San Marino 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 San Marino 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 San Marino

How much and how often are bonuses being awarded?Annual Salary Bonus Rate San Marino 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 San Marino


25 EUR per hour

The average hourly wage (pay per hour) in San Marino is 25 EUR. This means that the average Eligibility Specialist in San Marino earns approximately 25 EUR 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 San Marino
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The average salary for Eligibility Specialist is 3% less than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst5,730 EUR+30%
Actuarial Assistant3,980 EUR-9%
Actuary6,110 EUR+39%
Adjustment Insurance Clerk1,610 EUR-63%
Assistant Broker2,780 EUR-37%
Assistant Claims Manager4,590 EUR+4%
Associate Insurance Representative2,290 EUR-48%
Auditing Insurance Manager6,360 EUR+45%
Broker4,560 EUR+4%
Claim Advocacy Professional4,600 EUR+5%
Claims Adjuster1,570 EUR-64%
Claims Analyst2,180 EUR-50%
Claims Examiner2,380 EUR-46%
Claims Manager6,390 EUR+45%
Claims Processor1,660 EUR-62%
Claims Representative2,010 EUR-54%
Claims Resolution Specialist4,890 EUR+11%
Claims Supervisor4,390 EUR-0%
Complaints Specialist3,900 EUR-11%
Compliance Officer3,550 EUR-19%
Consultant4,130 EUR-6%
Eligibility Specialist4,400 EUR+0%
Insurance Account Manager5,450 EUR+24%
Insurance Accounts Executive4,800 EUR+9%
Insurance Agent2,590 EUR-41%
Insurance Analyst4,240 EUR-4%
Insurance Appraiser4,440 EUR+1%
Insurance Claims Clerk1,630 EUR-63%
Insurance Examiner3,960 EUR-10%
Insurance Investigator4,030 EUR-8%
Insurance Manager7,410 EUR+69%
Insurance Operations Manager7,580 EUR+72%
Insurance Policy Processing Clerk1,570 EUR-64%
Insurance Pricing Assistant3,610 EUR-18%
Insurance Program Manager5,870 EUR+34%
Insurance Project Manager5,270 EUR+20%
Insurance Quality Assurance Agent3,900 EUR-11%
Insurance Sales Agent2,490 EUR-43%
Insurance Sales Director6,920 EUR+57%
Insurance Team Leader4,750 EUR+8%
Insurance Underwriter3,410 EUR-22%
Loss Control Specialist4,110 EUR-7%
Loss Prevention Investigator4,370 EUR-1%
Loss Prevention Manager6,050 EUR+38%
Loss Prevention Specialist4,840 EUR+10%
Marine Underwriter3,290 EUR-25%
Medical Auditor4,370 EUR-1%
Monitoring and Performance Officer3,010 EUR-32%
Payment Services Specialist4,220 EUR-4%
Policy Change Director6,690 EUR+52%
Policy Change Supervisor4,570 EUR+4%
Policy Change Technician2,020 EUR-54%
Risk Analyst5,050 EUR+15%
Risk Management Director8,660 EUR+97%
Risk Management Supervisor5,540 EUR+26%
Risk Manager8,150 EUR+85%
Risk Modeling Manager8,060 EUR+83%
Title Insurance Typist3,750 EUR-15%
Training Manager4,850 EUR+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 San Marino earn 25% more than their private sector counterparts on average across all sectors.

Private Sector
4,040 EUR
Public Sector+25%
5,040 EUR
Percentage increase and decrease are relative to the previous value

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