Loan Quality Assurance Auditor Average Salary in Egypt 2024
How much money does a person working as Loan Quality Assurance Auditor make in Egypt?
LOW
5,200
EGP AVERAGE
10,400
EGP HIGH
16,100
EGP
A person working as Loan Quality Assurance Auditor in Egypt typically earns around 10,400 EGP. Salaries range from 5,200 EGP (lowest) to 16,100 EGP (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Loan Quality Assurance Auditor salaries in Egypt vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Loan Quality Assurance Auditor Pay Scale and Salaries in Egypt
Salary Structure and Pay Scale Comparison
9,560 EGP or more
8,470 to 9,560 EGP
6,070 EGP or less
6,070 to 8,470 EGP
 5,200 EGP |
9,610 EGP |
16,100 EGP |
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 Quality Assurance Auditor in Egypt range from 5,200 EGP (starting salary) to 16,100 EGP (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 9,610 EGP, half of the professionals who work as Loan Quality Assurance Auditor in Egypt 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 Quality Assurance Auditor in Egypt earn less than 7,900 EGP, while 75% earn more. Similarly, the chart shows that 75% earn less than 11,000 EGP 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 Quality Assurance Auditor in Egypt compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 6,070 EGP to 8,470 EGP. About 20% of salaries are below the 6,070 EGP mark, while 10% fall within the range of 8,470 EGP to 9,560 EGP. Only 5% of individuals have salaries exceeding 9,560 EGP.
Salary Comparison by Years of Experience / Loan Quality Assurance Auditor / Egypt
How do experience and age affect pay?
| 0 - 2 Years | 6,230 EGP | |
| 2 - 5 Years | +32% | 8,250 EGP |
| 5 - 10 Years | +34% | 11,000 EGP |
| 10 - 15 Years | +19% | 13,200 EGP |
| 15 - 20 Years | +8% | 14,200 EGP |
| 20+ Years | +7% | 15,200 EGP |
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 Quality Assurance Auditor and this is what we found.
Employees with less than two years of experience earn approximately 6,230 EGP.
While someone with an experience level between two and five years is expected to earn 8,250 EGP, 32% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 11,000 EGP, 34% 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 13,200 EGP, 19% 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 14,200 EGP, 8% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 15,200 EGP, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Loan Quality Assurance Auditor / Egypt
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Loan Quality Assurance Auditor.
| Bachelor's Degree | 8,910 EGP | |
| Master's Degree | +58% | 14,000 EGP |
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 Quality Assurance Auditor in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 8,910 EGP.
Level 2: Master's Degree
At this level, the average salary becomes 14,000 EGP, 58% 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 Egypt costs anywhere from 46,200 EGP to 138,000 EGP 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 and Compensation Comparison By Gender / Loan Quality Assurance Auditor / Egypt
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 Quality Assurance Auditor in Egypt, the average difference between the salary of male and female employees is 7%.
| Male | 10,700 EGP | |
| Female | -7% | 10,000 EGP |
Salary Comparison By Gender in Egypt for all Careers
Average Annual Salary Increment Percentage / Loan Quality Assurance Auditor / Egypt
How much are annual salary increments in Egypt for individuals working as Loan Quality Assurance Auditor? How often do employees get salary raises?
Individuals working as Loan Quality Assurance Auditor in Egypt are likely to observe a salary increase of approximately 13% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.
Egypt / 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 Quality Assurance Auditor / Egypt
How much and how often are bonuses being awarded?
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20% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 80% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 8% of their annual salary.
| Received Bonus | 80% | |
| No Bonus | 20% |
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 Quality Assurance Auditor / Egypt
60 EGP per hourThe average hourly wage (pay per hour) for individuals working as Loan Quality Assurance Auditor in Egypt is 60 EGP.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 Quality Assurance Auditor in Egypt is 30 EGP. 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 | 13,500 EGP |  +30% |
| Assistant Bank Branch Manager | 12,100 EGP | +16% |
| Assistant Bank Manager | 16,300 EGP | +57% |
| ATM Manager | 13,300 EGP | +28% |
| ATM Service Technician | 3,520 EGP | -66% |
| Bank Accounts Analyst | 5,490 EGP | -47% |
| Bank Accounts Collector | 3,080 EGP | -70% |
| Bank Accounts Controller | 7,060 EGP | -32% |
| Bank Accounts Executive | 10,100 EGP | -3% |
| Bank Accounts Manager | 11,300 EGP | +9% |
| Bank Auditing Manager | 12,100 EGP | +16% |
| Bank Branch Manager | 15,500 EGP | +49% |
| Bank Branch Operations Coordinator | 7,230 EGP | -30% |
| Bank Clerk | 3,120 EGP | -70% |
| Bank Client Service Associate | 4,410 EGP | -58% |
| Bank Collector | 3,250 EGP | -69% |
| Bank Compliance Specialist | 8,250 EGP | -21% |
| Bank Manager | 18,300 EGP | +76% |
| Bank Operational Risk Manager | 17,900 EGP | +72% |
| Bank Operations Head | 20,000 EGP | +92% |
| Bank Operations Officer | 7,880 EGP | -24% |
| Bank Operations Specialist | 12,200 EGP | +17% |
| Bank Process Manager | 10,300 EGP | -1% |
| Bank Product Manager | 12,300 EGP | +18% |
| Bank Programme Manager | 13,200 EGP | +27% |
| Bank Project Manager | 14,500 EGP | +40% |
| Bank Propositions Manager | 13,400 EGP | +29% |
| Bank Quantitative Analyst | 9,620 EGP | -7% |
| Bank Regional Manager | 19,400 EGP | +87% |
| Bank Regional Risk Officer | 10,300 EGP | -1% |
| Bank Relationship Manager | 13,700 EGP | +32% |
| Bank Relationship Officer | 6,730 EGP | -35% |
| Bank Sustainability Analyst | 11,200 EGP | +8% |
| Bank Teller | 3,300 EGP | -68% |
| Banker | 6,820 EGP | -34% |
| Banking Business Analyst | 10,000 EGP | -4% |
| Banking Business Development Officer | 6,300 EGP | -39% |
| Banking Business Planning Executive | 14,000 EGP | +35% |
| Banking Data Analyst | 11,100 EGP | +7% |
| Banking Product Manager | 11,700 EGP | +13% |
| Banking Reference Data Manager | 10,800 EGP | +4% |
| Banking Regulatory Compliance Officer | 12,100 EGP | +16% |
| Banking Risk Analyst | 9,770 EGP | -6% |
| Banking Technical Analyst | 5,470 EGP | -47% |
| Bankruptcy Coordinator | 6,980 EGP | -33% |
| Bill and Account Collector | 3,410 EGP | -67% |
| Blockchain Analyst | 8,140 EGP | -22% |
| Blockchain Architect | 10,100 EGP | -3% |
| Blockchain Auditor | 8,620 EGP | -17% |
| Blockchain Compliance Analyst | 8,580 EGP | -17% |
| Blockchain Consultant | 9,590 EGP | -8% |
| Blockchain Trade Facilitator | 8,480 EGP | -18% |
| Budget Analyst | 9,650 EGP | -7% |
| Capital Risk Manager | 17,800 EGP | +71% |
| Cards Marketing Manager | 12,900 EGP | +24% |
| Cash Management Manager | 17,000 EGP | +64% |
| Check Processing Manager | 13,400 EGP | +29% |
| Chief Blockchain Officer | 10,600 EGP | +2% |
| Commercial Vault Associate | 9,620 EGP | -7% |
| Corporate Banker | 7,000 EGP | -33% |
| Corporate Dealer | 10,100 EGP | -3% |
| Credit Analyst | 7,960 EGP | -23% |
| Credit and Collections Manager | 13,300 EGP | +28% |
| Credit Card Fraud Investigator | 9,850 EGP | -5% |
| Credit Portfolio Manager | 19,300 EGP | +86% |
| Credit Risk Analyst | 11,300 EGP | +9% |
| Credit Risk Associate | 10,900 EGP | +5% |
| Cryptocurrency Accountant | 6,480 EGP | -38% |
| Cryptocurrency Adviser | 12,100 EGP | +16% |
| Cryptocurrency Analyst | 8,770 EGP | -16% |
| Cryptocurrency Compliance Manager | 11,600 EGP | +12% |
| Cryptocurrency Trader | 10,000 EGP | -4% |
| Digital Banking Manager | 13,600 EGP | +31% |
| Digital Currency Analyst | 10,100 EGP | -3% |
| Direct Bank Sales Representative | 7,200 EGP | -31% |
| Exchange Control Consultant | 10,000 EGP | -4% |
| Executive Account Analyst | 9,350 EGP | -10% |
| Financial Bank Planning Consultant | 13,100 EGP | +26% |
| Financial Banking Analysis Manager | 13,900 EGP | +34% |
| Financial Banking Assistant | 4,810 EGP | -54% |
| Financial Banking Systems Manager | 13,300 EGP | +28% |
| Foreign Exchange Manager | 15,100 EGP | +45% |
| Fraud Analyst | 10,600 EGP | +2% |
| Fraud Detection Associate | 7,230 EGP | -30% |
| Fraud Detection Manager | 14,700 EGP | +41% |
| Fraud Detection Supervisor | 8,420 EGP | -19% |
| Internal Bank Audit Manager | 18,100 EGP | +74% |
| Internal Bank Auditor | 9,260 EGP | -11% |
| Internal Private Banker | 7,280 EGP | -30% |
| International Banking Manager | 20,900 EGP | +100% |
| Investment Banking Analyst | 14,700 EGP | +41% |
| Loan Analyst | 9,420 EGP | -9% |
| Loan Area Manager | 12,000 EGP | +15% |
| Loan Audit Team Leader | 11,200 EGP | +8% |
| Loan Branch Manager | 10,700 EGP | +3% |
| Loan Business Development Officer | 6,160 EGP | -41% |
| Loan Clerk | 3,480 EGP | -67% |
| Loan Collection and Recovery Manager | 12,100 EGP | +16% |
| Loan Collection Manager | 11,300 EGP | +9% |
| Loan Collector | 3,180 EGP | -69% |
| Loan Examiner | 4,520 EGP | -57% |
| Loan Officer | 3,620 EGP | -65% |
| Loan Processing Manager | 10,800 EGP | +4% |
| Loan Processor | 4,340 EGP | -58% |
| Loan Quality Assurance Auditor | 10,400 EGP | +0% |
| Loan Quality Assurance Manager | 11,200 EGP | +8% |
| Loan Quality Assurance Representative | 7,170 EGP | -31% |
| Loan Review Manager | 11,500 EGP | +11% |
| Loan Team Leader | 9,950 EGP | -4% |
| Loans Manager | 13,800 EGP | +33% |
| Mortgage Advisor | 6,600 EGP | -36% |
| Mortgage Collection Manager | 11,900 EGP | +15% |
| Mortgage Collector | 3,200 EGP | -69% |
| Mortgage Credit Analyst | 5,000 EGP | -52% |
| Mortgage Credit Manager | 11,200 EGP | +8% |
| Mortgage Development Manager | 12,400 EGP | +19% |
| Mortgage Document Reviewer | 4,500 EGP | -57% |
| Mortgage Funding Manager | 12,900 EGP | +24% |
| Mortgage Operations Manager | 17,600 EGP | +69% |
| Mortgage Payment Processing Clerk | 3,740 EGP | -64% |
| Mortgage Processing Manager | 11,000 EGP | +6% |
| Mortgage Processor | 4,610 EGP | -56% |
| Mortgage Quality Assurance Auditor | 9,340 EGP | -10% |
| Mortgage Quality Assurance Manager | 11,400 EGP | +10% |
| Mortgage Servicing Clerk | 3,440 EGP | -67% |
| Mortgage Servicing Manager | 10,500 EGP | +1% |
| Mortgage Underwriter | 4,110 EGP | -60% |
| Online Banking Manager | 17,100 EGP | +65% |
| Open Banking Strategist | 10,700 EGP | +3% |
| Payment Processing Clerk | 3,360 EGP | -68% |
| Personal Banker | 7,140 EGP | -31% |
| Personal Banking Advisor | 7,480 EGP | -28% |
| Phone Banker | 4,760 EGP | -54% |
| Private Banker | 7,310 EGP | -30% |
| Reconciliation and Investigation Specialist | 7,950 EGP | -24% |
| Tax Officer | 6,190 EGP | -40% |
| Teller | 3,420 EGP | -67% |
| Trade Officer | 4,010 EGP | -61% |
| Trade Product Manager | 11,100 EGP | +7% |
| Trader | 4,950 EGP | -52% |
| Treasury Operations Officer | 8,900 EGP | -14% |
| Wealth Management Advisor | 14,800 EGP | +42% |
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 Egypt is 6% on average across all career fields.
| Private Sector | 8,930 EGP | |
| Public Sector | +6% | 9,480 EGP |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Loan Quality Assurance Auditor in Egypt?
A good and competitive compensation would range anywhere between 9,610 EGP and 11,000 EGP. 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 Quality Assurance Auditor in Egypt ranges from 5,200 EGP to 7,900 EGP. 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
