Loan Quality Assurance Auditor Average Salary in Kenya 2024
How much money does a person working as Loan Quality Assurance Auditor make in Kenya?
LOW
81,600
KES AVERAGE
166,000
KES HIGH
260,000
KES
A person working as Loan Quality Assurance Auditor in Kenya typically earns around 166,000 KES. Salaries range from 81,600 KES (lowest) to 260,000 KES (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Loan Quality Assurance Auditor salaries in Kenya 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 Kenya
Salary Structure and Pay Scale Comparison
154,000 KES or more
136,000 to 154,000 KES
96,800 KES or less
96,800 to 136,000 KES
 81,600 KES |
155,000 KES |
260,000 KES |
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 Kenya range from 81,600 KES (starting salary) to 260,000 KES (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 155,000 KES, half of the professionals who work as Loan Quality Assurance Auditor in Kenya 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 Kenya earn less than 127,000 KES, while 75% earn more. Similarly, the chart shows that 75% earn less than 178,000 KES 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 Kenya compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 96,800 KES to 136,000 KES. About 20% of salaries are below the 96,800 KES mark, while 10% fall within the range of 136,000 KES to 154,000 KES. Only 5% of individuals have salaries exceeding 154,000 KES.
Salary Comparison by Years of Experience / Loan Quality Assurance Auditor / Kenya
How do experience and age affect pay?
| 0 - 2 Years | 96,700 KES | |
| 2 - 5 Years | +29% | 124,000 KES |
| 5 - 10 Years | +38% | 172,000 KES |
| 10 - 15 Years | +24% | 212,000 KES |
| 15 - 20 Years | +7% | 228,000 KES |
| 20+ Years | +7% | 243,000 KES |
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 96,700 KES.
While someone with an experience level between two and five years is expected to earn 124,000 KES, 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 172,000 KES, 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 212,000 KES, 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 228,000 KES, 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 243,000 KES, 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 / Kenya
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 | 121,000 KES | |
| Master's Degree | +60% | 194,000 KES |
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 121,000 KES.
Level 2: Master's Degree
At this level, the average salary becomes 194,000 KES, 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 Kenya costs anywhere from 737,000 KES to 2,210,000 KES 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 / Kenya
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 Kenya, the average difference between the salary of male and female employees is 10%.
| Male | 173,000 KES | |
| Female | -9% | 157,000 KES |
Salary Comparison By Gender in Kenya for all Careers
Average Annual Salary Increment Percentage / Loan Quality Assurance Auditor / Kenya
How much are annual salary increments in Kenya for individuals working as Loan Quality Assurance Auditor? How often do employees get salary raises?
Individuals working as Loan Quality Assurance Auditor in Kenya are likely to observe a salary increase of approximately 8% every 28 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
Kenya / 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 / Kenya
How much and how often are bonuses being awarded?
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36% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 64% 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 | 64% | |
| No Bonus | 36% |
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 / Kenya
960 KES per hourThe average hourly wage (pay per hour) for individuals working as Loan Quality Assurance Auditor in Kenya is 960 KES.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 Kenya is 470 KES. 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 | 223,000 KES |  +34% |
| Assistant Bank Branch Manager | 206,000 KES | +24% |
| Assistant Bank Manager | 254,000 KES | +53% |
| ATM Manager | 217,000 KES | +30% |
| ATM Service Technician | 60,400 KES | -64% |
| Bank Accounts Analyst | 85,000 KES | -49% |
| Bank Accounts Collector | 55,900 KES | -66% |
| Bank Accounts Controller | 117,000 KES | -30% |
| Bank Accounts Executive | 175,000 KES | +5% |
| Bank Accounts Manager | 186,000 KES | +12% |
| Bank Auditing Manager | 197,000 KES | +18% |
| Bank Branch Manager | 277,000 KES | +66% |
| Bank Branch Operations Coordinator | 125,000 KES | -25% |
| Bank Clerk | 52,000 KES | -69% |
| Bank Client Service Associate | 75,300 KES | -55% |
| Bank Collector | 53,100 KES | -68% |
| Bank Compliance Specialist | 144,000 KES | -13% |
| Bank Manager | 321,000 KES | +93% |
| Bank Operational Risk Manager | 323,000 KES | +94% |
| Bank Operations Head | 321,000 KES | +93% |
| Bank Operations Officer | 128,000 KES | -23% |
| Bank Operations Specialist | 203,000 KES | +22% |
| Bank Process Manager | 172,000 KES | +3% |
| Bank Product Manager | 207,000 KES | +24% |
| Bank Programme Manager | 224,000 KES | +35% |
| Bank Project Manager | 263,000 KES | +58% |
| Bank Propositions Manager | 222,000 KES | +33% |
| Bank Quantitative Analyst | 164,000 KES | -1% |
| Bank Regional Manager | 337,000 KES | +100% |
| Bank Regional Risk Officer | 171,000 KES | +3% |
| Bank Relationship Manager | 249,000 KES | +50% |
| Bank Relationship Officer | 113,000 KES | -32% |
| Bank Sustainability Analyst | 190,000 KES | +14% |
| Bank Teller | 55,300 KES | -67% |
| Banker | 110,000 KES | -34% |
| Banking Business Analyst | 169,000 KES | +2% |
| Banking Business Development Officer | 101,000 KES | -39% |
| Banking Business Planning Executive | 229,000 KES | +38% |
| Banking Data Analyst | 197,000 KES | +18% |
| Banking Product Manager | 211,000 KES | +27% |
| Banking Reference Data Manager | 177,000 KES | +6% |
| Banking Regulatory Compliance Officer | 204,000 KES | +23% |
| Banking Risk Analyst | 161,000 KES | -3% |
| Banking Technical Analyst | 89,700 KES | -46% |
| Bankruptcy Coordinator | 122,000 KES | -27% |
| Bill and Account Collector | 57,900 KES | -65% |
| Blockchain Analyst | 144,000 KES | -13% |
| Blockchain Architect | 170,000 KES | +2% |
| Blockchain Auditor | 152,000 KES | -9% |
| Blockchain Compliance Analyst | 158,000 KES | -5% |
| Blockchain Consultant | 152,000 KES | -9% |
| Blockchain Trade Facilitator | 139,000 KES | -16% |
| Budget Analyst | 171,000 KES | +3% |
| Capital Risk Manager | 324,000 KES | +95% |
| Cards Marketing Manager | 200,000 KES | +20% |
| Cash Management Manager | 284,000 KES | +71% |
| Check Processing Manager | 212,000 KES | +27% |
| Chief Blockchain Officer | 182,000 KES | +9% |
| Commercial Vault Associate | 160,000 KES | -4% |
| Corporate Banker | 117,000 KES | -30% |
| Corporate Dealer | 172,000 KES | +3% |
| Credit Analyst | 132,000 KES | -21% |
| Credit and Collections Manager | 231,000 KES | +39% |
| Credit Card Fraud Investigator | 179,000 KES | +8% |
| Credit Portfolio Manager | 297,000 KES | +78% |
| Credit Risk Analyst | 182,000 KES | +9% |
| Credit Risk Associate | 172,000 KES | +3% |
| Cryptocurrency Accountant | 108,000 KES | -35% |
| Cryptocurrency Adviser | 212,000 KES | +27% |
| Cryptocurrency Analyst | 161,000 KES | -3% |
| Cryptocurrency Compliance Manager | 182,000 KES | +9% |
| Cryptocurrency Trader | 165,000 KES | -1% |
| Digital Banking Manager | 221,000 KES | +33% |
| Digital Currency Analyst | 170,000 KES | +2% |
| Direct Bank Sales Representative | 124,000 KES | -26% |
| Exchange Control Consultant | 175,000 KES | +5% |
| Executive Account Analyst | 166,000 KES | -0% |
| Financial Bank Planning Consultant | 217,000 KES | +30% |
| Financial Banking Analysis Manager | 238,000 KES | +43% |
| Financial Banking Assistant | 78,200 KES | -53% |
| Financial Banking Systems Manager | 226,000 KES | +36% |
| Foreign Exchange Manager | 244,000 KES | +47% |
| Fraud Analyst | 171,000 KES | +3% |
| Fraud Detection Associate | 122,000 KES | -27% |
| Fraud Detection Manager | 270,000 KES | +62% |
| Fraud Detection Supervisor | 149,000 KES | -10% |
| Internal Bank Audit Manager | 318,000 KES | +91% |
| Internal Bank Auditor | 155,000 KES | -7% |
| Internal Private Banker | 115,000 KES | -31% |
| International Banking Manager | 331,000 KES | +99% |
| Investment Banking Analyst | 253,000 KES | +52% |
| Loan Analyst | 163,000 KES | -2% |
| Loan Area Manager | 198,000 KES | +19% |
| Loan Audit Team Leader | 185,000 KES | +11% |
| Loan Branch Manager | 185,000 KES | +11% |
| Loan Business Development Officer | 101,000 KES | -39% |
| Loan Clerk | 59,700 KES | -64% |
| Loan Collection and Recovery Manager | 207,000 KES | +24% |
| Loan Collection Manager | 204,000 KES | +23% |
| Loan Collector | 56,900 KES | -66% |
| Loan Examiner | 69,400 KES | -58% |
| Loan Officer | 63,200 KES | -62% |
| Loan Processing Manager | 173,000 KES | +4% |
| Loan Processor | 73,200 KES | -56% |
| Loan Quality Assurance Auditor | 166,000 KES | -0% |
| Loan Quality Assurance Manager | 187,000 KES | +12% |
| Loan Quality Assurance Representative | 126,000 KES | -24% |
| Loan Review Manager | 193,000 KES | +16% |
| Loan Team Leader | 174,000 KES | +5% |
| Loans Manager | 213,000 KES | +28% |
| Mortgage Advisor | 121,000 KES | -27% |
| Mortgage Collection Manager | 186,000 KES | +12% |
| Mortgage Collector | 52,600 KES | -68% |
| Mortgage Credit Analyst | 86,500 KES | -48% |
| Mortgage Credit Manager | 184,000 KES | +11% |
| Mortgage Development Manager | 213,000 KES | +28% |
| Mortgage Document Reviewer | 73,300 KES | -56% |
| Mortgage Funding Manager | 220,000 KES | +32% |
| Mortgage Operations Manager | 281,000 KES | +69% |
| Mortgage Payment Processing Clerk | 62,700 KES | -62% |
| Mortgage Processing Manager | 197,000 KES | +18% |
| Mortgage Processor | 78,100 KES | -53% |
| Mortgage Quality Assurance Auditor | 164,000 KES | -1% |
| Mortgage Quality Assurance Manager | 190,000 KES | +14% |
| Mortgage Servicing Clerk | 55,200 KES | -67% |
| Mortgage Servicing Manager | 177,000 KES | +6% |
| Mortgage Underwriter | 71,800 KES | -57% |
| Online Banking Manager | 284,000 KES | +71% |
| Open Banking Strategist | 179,000 KES | +8% |
| Payment Processing Clerk | 58,600 KES | -65% |
| Personal Banker | 121,000 KES | -27% |
| Personal Banking Advisor | 129,000 KES | -23% |
| Phone Banker | 83,900 KES | -50% |
| Private Banker | 121,000 KES | -27% |
| Reconciliation and Investigation Specialist | 139,000 KES | -16% |
| Tax Officer | 95,800 KES | -42% |
| Teller | 58,900 KES | -65% |
| Trade Officer | 67,200 KES | -60% |
| Trade Product Manager | 195,000 KES | +17% |
| Trader | 82,400 KES | -50% |
| Treasury Operations Officer | 142,000 KES | -15% |
| Wealth Management Advisor | 249,000 KES | +50% |
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 Kenya is 14% on average across all career fields.
| Private Sector | 140,000 KES | |
| Public Sector | +14% | 159,000 KES |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Loan Quality Assurance Auditor in Kenya?
A good and competitive compensation would range anywhere between 155,000 KES and 178,000 KES. 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 Kenya ranges from 81,600 KES to 127,000 KES. 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
