HOME BROWSE SALARIES ARTICLES BEST PAYING JOBS SUBMIT SALARY
Browse Salaries
Best Paying Jobs
Articles
Submit Salary
Salary Increase Letters

Loan Audit Team Leader Average Salary in Belgium 2024

How much money does a person working as Loan Audit Team Leader make in Belgium?


Average Monthly Salary
8,100 EUR
( 97,200 EUR yearly)

LOW
3,970
EUR
AVERAGE
8,100
EUR
HIGH
12,600
EUR
All salary figures displayed here are per month except when noted otherwise.
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.

A person working as Loan Audit Team Leader in Belgium typically earns around 8,100 EUR. Salaries range from 3,970 EUR (lowest) to 12,600 EUR (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Loan Audit Team Leader salaries in Belgium vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Loan Audit Team Leader Pay Scale and Salaries in Belgium

Median and salary distribution Belgium Loan Audit Team Leader monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/banking/loan-audit-team-leader/median-and-salary-distribution-monthly-belgium-loan-audit-team-leader.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
7,510 EUR or more
10% of people earn
6,640 to 7,510 EUR
20% of people earn
4,710 EUR or less
65% of people earn
4,710 to 6,640 EUR
Minimum Salary
3,970 EUR
Median
7,560 EUR
Maximum
12,600 EUR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Loan Audit Team Leader in Belgium range from 3,970 EUR (starting salary) to 12,600 EUR (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 7,560 EUR, half of the professionals who work as Loan Audit Team Leader in Belgium 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 Audit Team Leader in Belgium earn less than 6,180 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 8,640 EUR 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 Audit Team Leader in Belgium compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 4,710 EUR to 6,640 EUR. About 20% of salaries are below the 4,710 EUR mark, while 10% fall within the range of 6,640 EUR to 7,510 EUR. Only 5% of individuals have salaries exceeding 7,510 EUR.

Salary Comparison by Years of Experience / Loan Audit Team Leader / Belgium

How do experience and age affect pay?

0 - 2 Years
4,710 EUR
2 - 5 Years+29%
6,050 EUR
5 - 10 Years+38%
8,350 EUR
10 - 15 Years+24%
10,300 EUR
15 - 20 Years+7%
11,100 EUR
20+ Years+7%
11,800 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Belgium Loan Audit Team Leader
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/banking/loan-audit-team-leader/salary-comparison-by-years-of-experience-monthly-belgium-loan-audit-team-leader.jpg

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 Audit Team Leader and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 4,710 EUR.

While someone with an experience level between two and five years is expected to earn 6,050 EUR, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 8,350 EUR, 38% 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 10,300 EUR, 24% 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 11,100 EUR, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 11,800 EUR, 7% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Salary Comparison By Education / Loan Audit Team Leader / Belgium

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Loan Audit Team Leader.

Bachelor's Degree
5,880 EUR
Master's Degree+60%
9,430 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Belgium Loan Audit Team Leader
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/banking/loan-audit-team-leader/salary-comparison-by-education-level-monthly-belgium-loan-audit-team-leader.jpg

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 Audit Team Leader in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 5,880 EUR.


Level 2: Master's Degree

At this level, the average salary becomes 9,430 EUR, 60% 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 Belgium costs anywhere from 30,800 EUR to 92,500 EUR 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 Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Salary and Compensation Comparison By Gender / Loan Audit Team Leader / Belgium

Salary comparison by gender Belgium Loan Audit Team Leader monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/banking/loan-audit-team-leader/salary-comparison-by-gender-monthly-belgium-loan-audit-team-leader.jpg

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 Audit Team Leader in Belgium, the average difference between the salary of male and female employees is 6%.

Male
8,300 EUR
Female-5%
7,860 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Belgium for all Careers

Salary comparison by gender monthly Belgium
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/salary-comparison-by-gender-monthly-belgium.jpg


Average Annual Salary Increment Percentage / Loan Audit Team Leader / Belgium

How much are annual salary increments in Belgium for individuals working as Loan Audit Team Leader? How often do employees get salary raises?

Individuals working as Loan Audit Team Leader in Belgium are likely to observe a salary increase of approximately 12% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Belgium Loan Audit Team Leader
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/banking/loan-audit-team-leader/annual-salary-increment-rate-belgium-loan-audit-team-leader.jpg


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.

Belgium / All Professions

Annual Salary Increment Rate Belgium
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/annual-salary-increment-rate-belgium.jpg

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

The average salary increase in one year (12 months) in Belgium is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

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 Audit Team Leader / Belgium

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Belgium Loan Audit Team Leader
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/banking/loan-audit-team-leader/annual-salary-bonus-rate-belgium-loan-audit-team-leader.jpg

17% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 83% 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
83%
No Bonus
17%

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.

Average Hourly Wage / Loan Audit Team Leader / Belgium


47 EUR per hour

The average hourly wage (pay per hour) for individuals working as Loan Audit Team Leader in Belgium is 47 EUR.This is the rate they get paid for every worked hour.


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

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 Audit Team Leader in Belgium is 23 EUR. 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 TitleAverage Salary
Banking-100%
AML Analyst9,090 EUR+12%
Assistant Bank Branch Manager8,210 EUR+1%
Assistant Bank Manager10,400 EUR+28%
ATM Manager9,050 EUR+12%
ATM Service Technician2,890 EUR-64%
Bank Accounts Analyst4,010 EUR-51%
Bank Accounts Collector2,490 EUR-69%
Bank Accounts Controller4,920 EUR-39%
Bank Accounts Executive7,220 EUR-11%
Bank Accounts Manager7,660 EUR-5%
Bank Auditing Manager8,420 EUR+4%
Bank Branch Manager10,800 EUR+33%
Bank Branch Operations Coordinator5,290 EUR-35%
Bank Clerk2,550 EUR-69%
Bank Client Service Associate3,330 EUR-59%
Bank Collector2,560 EUR-68%
Bank Compliance Specialist5,700 EUR-30%
Bank Manager12,700 EUR+57%
Bank Operational Risk Manager13,000 EUR+60%
Bank Operations Head12,400 EUR+53%
Bank Operations Officer5,290 EUR-35%
Bank Operations Specialist8,270 EUR+2%
Bank Process Manager7,400 EUR-9%
Bank Product Manager 8,230 EUR+2%
Bank Programme Manager8,920 EUR+10%
Bank Project Manager10,100 EUR+25%
Bank Propositions Manager9,730 EUR+20%
Bank Quantitative Analyst6,710 EUR-17%
Bank Regional Manager12,600 EUR+55%
Bank Regional Risk Officer6,760 EUR-17%
Bank Relationship Manager9,560 EUR+18%
Bank Relationship Officer4,690 EUR-42%
Bank Sustainability Analyst7,380 EUR-9%
Bank Teller2,620 EUR-68%
Banker4,900 EUR-40%
Banking Business Analyst6,940 EUR-14%
Banking Business Development Officer4,350 EUR-46%
Banking Business Planning Executive9,250 EUR+14%
Banking Data Analyst7,730 EUR-5%
Banking Product Manager8,670 EUR+7%
Banking Reference Data Manager7,470 EUR-8%
Banking Regulatory Compliance Officer8,090 EUR-0%
Banking Risk Analyst7,110 EUR-12%
Banking Technical Analyst3,990 EUR-51%
Bankruptcy Coordinator5,210 EUR-36%
Bill and Account Collector2,680 EUR-67%
Blockchain Analyst6,190 EUR-24%
Blockchain Architect6,570 EUR-19%
Blockchain Auditor6,000 EUR-26%
Blockchain Compliance Analyst6,320 EUR-22%
Blockchain Consultant6,740 EUR-17%
Blockchain Trade Facilitator5,930 EUR-27%
Budget Analyst6,990 EUR-14%
Capital Risk Manager12,300 EUR+52%
Cards Marketing Manager8,820 EUR+9%
Cash Management Manager11,600 EUR+43%
Check Processing Manager8,870 EUR+9%
Chief Blockchain Officer7,840 EUR-3%
Commercial Vault Associate6,660 EUR-18%
Corporate Banker5,050 EUR-38%
Corporate Dealer7,260 EUR-10%
Credit Analyst5,310 EUR-34%
Credit and Collections Manager9,080 EUR+12%
Credit Card Fraud Investigator7,210 EUR-11%
Credit Portfolio Manager12,400 EUR+53%
Credit Risk Analyst7,300 EUR-10%
Credit Risk Associate7,490 EUR-8%
Cryptocurrency Accountant4,620 EUR-43%
Cryptocurrency Adviser8,710 EUR+7%
Cryptocurrency Analyst6,140 EUR-24%
Cryptocurrency Compliance Manager7,680 EUR-5%
Cryptocurrency Trader7,080 EUR-13%
Digital Banking Manager9,110 EUR+12%
Digital Currency Analyst6,820 EUR-16%
Direct Bank Sales Representative5,200 EUR-36%
Exchange Control Consultant7,320 EUR-10%
Executive Account Analyst7,040 EUR-13%
Financial Bank Planning Consultant8,460 EUR+4%
Financial Banking Analysis Manager9,710 EUR+20%
Financial Banking Assistant3,530 EUR-56%
Financial Banking Systems Manager9,410 EUR+16%
Foreign Exchange Manager10,200 EUR+26%
Fraud Analyst7,380 EUR-9%
Fraud Detection Associate4,910 EUR-39%
Fraud Detection Manager10,000 EUR+23%
Fraud Detection Supervisor5,970 EUR-26%
Internal Bank Audit Manager12,500 EUR+54%
Internal Bank Auditor6,990 EUR-14%
Internal Private Banker5,230 EUR-35%
International Banking Manager13,200 EUR+63%
Investment Banking Analyst10,100 EUR+25%
Loan Analyst6,580 EUR-19%
Loan Area Manager8,620 EUR+6%
Loan Audit Team Leader8,100 EUR-0%
Loan Branch Manager7,420 EUR-8%
Loan Business Development Officer4,300 EUR-47%
Loan Clerk2,760 EUR-66%
Loan Collection and Recovery Manager7,760 EUR-4%
Loan Collection Manager8,400 EUR+4%
Loan Collector2,490 EUR-69%
Loan Examiner3,240 EUR-60%
Loan Officer2,940 EUR-64%
Loan Processing Manager7,470 EUR-8%
Loan Processor3,460 EUR-57%
Loan Quality Assurance Auditor6,640 EUR-18%
Loan Quality Assurance Manager7,500 EUR-7%
Loan Quality Assurance Representative5,260 EUR-35%
Loan Review Manager7,870 EUR-3%
Loan Team Leader7,220 EUR-11%
Loans Manager9,360 EUR+16%
Mortgage Advisor4,730 EUR-42%
Mortgage Collection Manager7,840 EUR-3%
Mortgage Collector2,570 EUR-68%
Mortgage Credit Analyst3,960 EUR-51%
Mortgage Credit Manager7,970 EUR-2%
Mortgage Development Manager8,390 EUR+4%
Mortgage Document Reviewer3,220 EUR-60%
Mortgage Funding Manager8,840 EUR+9%
Mortgage Operations Manager11,700 EUR+44%
Mortgage Payment Processing Clerk3,010 EUR-63%
Mortgage Processing Manager8,030 EUR-1%
Mortgage Processor3,180 EUR-61%
Mortgage Quality Assurance Auditor6,500 EUR-20%
Mortgage Quality Assurance Manager7,530 EUR-7%
Mortgage Servicing Clerk2,610 EUR-68%
Mortgage Servicing Manager7,480 EUR-8%
Mortgage Underwriter3,160 EUR-61%
Online Banking Manager11,500 EUR+42%
Open Banking Strategist7,150 EUR-12%
Payment Processing Clerk2,760 EUR-66%
Personal Banker5,200 EUR-36%
Personal Banking Advisor 5,380 EUR-34%
Phone Banker3,630 EUR-55%
Private Banker5,260 EUR-35%
Reconciliation and Investigation Specialist5,690 EUR-30%
Tax Officer4,470 EUR-45%
Teller2,630 EUR-68%
Trade Officer3,190 EUR-61%
Trade Product Manager7,620 EUR-6%
Trader3,520 EUR-57%
Treasury Operations Officer5,960 EUR-26%
Wealth Management Advisor9,460 EUR+17%

Salary Comparison By City

CityAverage Salary
Brussel7,780 EUR

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 Belgium is 5% on average across all career fields.

Private Sector
6,020 EUR
Public Sector+5%
6,340 EUR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Loan Audit Team Leader in Belgium?

A good and competitive compensation would range anywhere between 7,560 EUR and 8,640 EUR. 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 Audit Team Leader in Belgium ranges from 3,970 EUR to 6,180 EUR. 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


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home BROWSE SALARIES ARTICLES BEST PAYING JOBS Salary Comparison Arabic French Spanish

©Salary Explorer 2024