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Loan Quality Assurance Auditor Average Salary in Fiji 2024

How much money does a person working as Loan Quality Assurance Auditor make in Fiji?

Average Monthly Salary
5,060 FJD
( 60,700 FJD yearly)

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 Quality Assurance Auditor in Fiji typically earns around 5,060 FJD. Salaries range from 2,330 FJD (lowest) to 8,040 FJD (highest).

Salary Variance

This is the average salary including housing, transport, and other benefits. Loan Quality Assurance Auditor salaries in Fiji 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 Fiji

Median and salary distribution Fiji Loan Quality Assurance Auditor monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
4,800 FJD or more
10% of people earn
4,200 to 4,800 FJD
20% of people earn
2,890 FJD or less
65% of people earn
2,890 to 4,200 FJD
Minimum Salary
2,330 FJD
4,830 FJD
8,040 FJD

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 Quality Assurance Auditor in Fiji range from 2,330 FJD (starting salary) to 8,040 FJD (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 4,830 FJD, half of the professionals who work as Loan Quality Assurance Auditor in Fiji 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 Fiji earn less than 3,900 FJD, while 75% earn more. Similarly, the chart shows that 75% earn less than 5,570 FJD 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 Fiji compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,890 FJD to 4,200 FJD. About 20% of salaries are below the 2,890 FJD mark, while 10% fall within the range of 4,200 FJD to 4,800 FJD. Only 5% of individuals have salaries exceeding 4,800 FJD.

Salary Comparison by Years of Experience / Loan Quality Assurance Auditor / Fiji

How do experience and age affect pay?

0 - 2 Years
2,640 FJD
2 - 5 Years+34%
3,530 FJD
5 - 10 Years+48%
5,210 FJD
10 - 15 Years+22%
6,350 FJD
15 - 20 Years+9%
6,930 FJD
20+ Years+8%
7,500 FJD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Fiji Loan Quality Assurance Auditor
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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.

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

Employees with less than two years of experience earn approximately 2,640 FJD.

While someone with an experience level between two and five years is expected to earn 3,530 FJD, 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 5,210 FJD, 48% 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 6,350 FJD, 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 6,930 FJD, 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 7,500 FJD, 8% 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
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Salary Comparison By Education / Loan Quality Assurance Auditor / Fiji

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
3,070 FJD
Master's Degree+93%
5,930 FJD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Fiji Loan Quality Assurance Auditor
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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 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 3,070 FJD.

Level 2: Master's Degree

At this level, the average salary becomes 5,930 FJD, 93% 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 Fiji costs anywhere from 24,100 FJD to 72,400 FJD 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
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Salary and Compensation Comparison By Gender / Loan Quality Assurance Auditor / Fiji

Salary comparison by gender Fiji Loan Quality Assurance Auditor monthly
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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? For the people who work as Loan Quality Assurance Auditor in Fiji, the average difference between the salary of male and female employees is 11%.

5,320 FJD
4,800 FJD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Fiji for all Careers

Salary comparison by gender monthly Fiji
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Average Annual Salary Increment Percentage / Loan Quality Assurance Auditor / Fiji

How much are annual salary increments in Fiji for individuals working as Loan Quality Assurance Auditor? How often do employees get salary raises?

Individuals working as Loan Quality Assurance Auditor in Fiji are likely to observe a salary increase of approximately 9% every 27 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Fiji Loan Quality Assurance Auditor
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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.

Fiji / All Professions

Annual Salary Increment Rate Fiji
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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 Fiji is 2%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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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 / Fiji

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Fiji Loan Quality Assurance Auditor
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34% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 66% 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
No Bonus

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.

A graphics designer working for a graphics designing company.

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 Quality Assurance Auditor / Fiji

29 FJD per hour

The average hourly wage (pay per hour) for individuals working as Loan Quality Assurance Auditor in Fiji is 29 FJD.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 Quality Assurance Auditor in Fiji is 13 FJD. 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
AML Analyst7,220 FJD+43%
Assistant Bank Branch Manager6,200 FJD+23%
Assistant Bank Manager7,910 FJD+56%
ATM Manager7,180 FJD+42%
ATM Service Technician1,920 FJD-62%
Bank Accounts Analyst2,640 FJD-48%
Bank Accounts Collector1,600 FJD-68%
Bank Accounts Controller3,350 FJD-34%
Bank Accounts Executive5,350 FJD+6%
Bank Accounts Manager6,030 FJD+19%
Bank Auditing Manager6,030 FJD+19%
Bank Branch Manager8,690 FJD+72%
Bank Branch Operations Coordinator3,820 FJD-24%
Bank Clerk1,670 FJD-67%
Bank Client Service Associate2,360 FJD-53%
Bank Collector1,760 FJD-65%
Bank Compliance Specialist4,450 FJD-12%
Bank Manager9,980 FJD+97%
Bank Operational Risk Manager10,100 FJD+100%
Bank Operations Head9,750 FJD+93%
Bank Operations Officer3,790 FJD-25%
Bank Operations Specialist6,060 FJD+20%
Bank Process Manager5,590 FJD+11%
Bank Product Manager 6,660 FJD+32%
Bank Programme Manager6,760 FJD+34%
Bank Project Manager7,520 FJD+49%
Bank Propositions Manager6,970 FJD+38%
Bank Quantitative Analyst5,150 FJD+2%
Bank Regional Manager10,000 FJD+98%
Bank Regional Risk Officer5,090 FJD+1%
Bank Relationship Manager7,120 FJD+41%
Bank Relationship Officer3,270 FJD-35%
Bank Sustainability Analyst5,930 FJD+17%
Bank Teller1,740 FJD-66%
Banker3,610 FJD-29%
Banking Business Analyst5,210 FJD+3%
Banking Business Development Officer3,290 FJD-35%
Banking Business Planning Executive7,130 FJD+41%
Banking Data Analyst5,930 FJD+17%
Banking Product Manager6,640 FJD+31%
Banking Reference Data Manager5,860 FJD+16%
Banking Regulatory Compliance Officer5,910 FJD+17%
Banking Risk Analyst4,840 FJD-4%
Banking Technical Analyst2,660 FJD-47%
Bankruptcy Coordinator3,500 FJD-31%
Bill and Account Collector1,840 FJD-64%
Blockchain Analyst4,500 FJD-11%
Blockchain Architect5,090 FJD+1%
Blockchain Auditor4,380 FJD-13%
Blockchain Compliance Analyst4,860 FJD-4%
Blockchain Consultant4,950 FJD-2%
Blockchain Trade Facilitator4,130 FJD-18%
Budget Analyst4,960 FJD-2%
Capital Risk Manager9,240 FJD+83%
Cards Marketing Manager6,220 FJD+23%
Cash Management Manager8,940 FJD+77%
Check Processing Manager6,420 FJD+27%
Chief Blockchain Officer5,470 FJD+8%
Commercial Vault Associate4,830 FJD-4%
Corporate Banker3,690 FJD-27%
Corporate Dealer5,250 FJD+4%
Credit Analyst3,920 FJD-22%
Credit and Collections Manager6,610 FJD+31%
Credit Card Fraud Investigator5,450 FJD+8%
Credit Portfolio Manager9,190 FJD+82%
Credit Risk Analyst5,770 FJD+14%
Credit Risk Associate5,380 FJD+6%
Cryptocurrency Accountant3,230 FJD-36%
Cryptocurrency Adviser6,090 FJD+20%
Cryptocurrency Analyst4,910 FJD-3%
Cryptocurrency Compliance Manager5,930 FJD+17%
Cryptocurrency Trader5,160 FJD+2%
Digital Banking Manager7,010 FJD+39%
Digital Currency Analyst4,930 FJD-3%
Direct Bank Sales Representative3,630 FJD-28%
Exchange Control Consultant5,610 FJD+11%
Executive Account Analyst5,170 FJD+2%
Financial Bank Planning Consultant6,460 FJD+28%
Financial Banking Analysis Manager7,880 FJD+56%
Financial Banking Assistant2,480 FJD-51%
Financial Banking Systems Manager6,900 FJD+36%
Foreign Exchange Manager7,180 FJD+42%
Fraud Analyst5,620 FJD+11%
Fraud Detection Associate3,820 FJD-24%
Fraud Detection Manager8,250 FJD+63%
Fraud Detection Supervisor4,490 FJD-11%
Internal Bank Audit Manager9,780 FJD+93%
Internal Bank Auditor5,060 FJD+0%
Internal Private Banker3,760 FJD-26%
International Banking Manager10,400 FJD+110%
Investment Banking Analyst7,410 FJD+47%
Loan Analyst5,210 FJD+3%
Loan Area Manager5,940 FJD+17%
Loan Audit Team Leader5,570 FJD+10%
Loan Branch Manager5,930 FJD+17%
Loan Business Development Officer3,110 FJD-39%
Loan Clerk1,770 FJD-65%
Loan Collection and Recovery Manager6,250 FJD+24%
Loan Collection Manager6,420 FJD+27%
Loan Collector1,660 FJD-67%
Loan Examiner2,150 FJD-57%
Loan Officer2,030 FJD-60%
Loan Processing Manager5,700 FJD+13%
Loan Processor2,320 FJD-54%
Loan Quality Assurance Auditor5,060 FJD+0%
Loan Quality Assurance Manager6,040 FJD+19%
Loan Quality Assurance Representative3,920 FJD-22%
Loan Review Manager5,750 FJD+14%
Loan Team Leader5,000 FJD-1%
Loans Manager6,630 FJD+31%
Mortgage Advisor3,690 FJD-27%
Mortgage Collection Manager6,060 FJD+20%
Mortgage Collector1,640 FJD-68%
Mortgage Credit Analyst2,590 FJD-49%
Mortgage Credit Manager5,870 FJD+16%
Mortgage Development Manager6,540 FJD+29%
Mortgage Document Reviewer2,160 FJD-57%
Mortgage Funding Manager6,900 FJD+36%
Mortgage Operations Manager8,870 FJD+75%
Mortgage Payment Processing Clerk1,900 FJD-62%
Mortgage Processing Manager5,940 FJD+17%
Mortgage Processor2,270 FJD-55%
Mortgage Quality Assurance Auditor5,290 FJD+5%
Mortgage Quality Assurance Manager5,890 FJD+16%
Mortgage Servicing Clerk1,700 FJD-66%
Mortgage Servicing Manager5,820 FJD+15%
Mortgage Underwriter2,140 FJD-58%
Online Banking Manager8,590 FJD+70%
Open Banking Strategist5,180 FJD+2%
Payment Processing Clerk1,880 FJD-63%
Personal Banker3,540 FJD-30%
Personal Banking Advisor 3,770 FJD-25%
Phone Banker2,580 FJD-49%
Private Banker3,730 FJD-26%
Reconciliation and Investigation Specialist4,140 FJD-18%
Tax Officer2,980 FJD-41%
Teller1,790 FJD-65%
Trade Officer2,040 FJD-60%
Trade Product Manager6,270 FJD+24%
Trader2,560 FJD-49%
Treasury Operations Officer4,650 FJD-8%
Wealth Management Advisor7,480 FJD+48%

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 Fiji is 25% on average across all career fields.

Private Sector
4,300 FJD
Public Sector+25%
5,360 FJD
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 Quality Assurance Auditor in Fiji?

A good and competitive compensation would range anywhere between 4,830 FJD and 5,570 FJD. 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 Fiji ranges from 2,330 FJD to 3,900 FJD. 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

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