Loan Quality Assurance Auditor Average Salary in Mexico 2024
How much money does a person working as Loan Quality Assurance Auditor make in Mexico?
LOW
18,900
MXN AVERAGE
35,700
MXN HIGH
54,300
MXN
A person working as Loan Quality Assurance Auditor in Mexico typically earns around 35,700 MXN. Salaries range from 18,900 MXN (lowest) to 54,300 MXN (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Loan Quality Assurance Auditor salaries in Mexico 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 Mexico
Salary Structure and Pay Scale Comparison
32,100 MXN or more
28,600 to 32,100 MXN
21,100 MXN or less
21,100 to 28,600 MXN
 18,900 MXN |
32,200 MXN |
54,300 MXN |
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 Mexico range from 18,900 MXN (starting salary) to 54,300 MXN (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 32,200 MXN, half of the professionals who work as Loan Quality Assurance Auditor in Mexico 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 Mexico earn less than 26,800 MXN, while 75% earn more. Similarly, the chart shows that 75% earn less than 36,400 MXN 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 Mexico compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 21,100 MXN to 28,600 MXN. About 20% of salaries are below the 21,100 MXN mark, while 10% fall within the range of 28,600 MXN to 32,100 MXN. Only 5% of individuals have salaries exceeding 32,100 MXN.
Salary Comparison by Years of Experience / Loan Quality Assurance Auditor / Mexico
How do experience and age affect pay?
| 0 - 2 Years | 21,800 MXN | |
| 2 - 5 Years | +23% | 26,700 MXN |
| 5 - 10 Years | +42% | 37,800 MXN |
| 10 - 15 Years | +17% | 44,200 MXN |
| 15 - 20 Years | +10% | 48,600 MXN |
| 20+ Years | +6% | 51,500 MXN |
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 21,800 MXN.
While someone with an experience level between two and five years is expected to earn 26,700 MXN, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 37,800 MXN, 42% 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 44,200 MXN, 17% 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 48,600 MXN, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 51,500 MXN, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Loan Quality Assurance Auditor / Mexico
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 | 24,600 MXN | |
| Master's Degree | +93% | 47,600 MXN |
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 24,600 MXN.
Level 2: Master's Degree
At this level, the average salary becomes 47,600 MXN, 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 Mexico costs anywhere from 167,000 MXN to 500,000 MXN 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 / Mexico
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 Mexico, the average difference between the salary of male and female employees is 12%.
| Male | 37,300 MXN | |
| Female | -11% | 33,200 MXN |
Salary Comparison By Gender in Mexico for all Careers
Average Annual Salary Increment Percentage / Loan Quality Assurance Auditor / Mexico
How much are annual salary increments in Mexico for individuals working as Loan Quality Assurance Auditor? How often do employees get salary raises?
Individuals working as Loan Quality Assurance Auditor in Mexico 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 18 months.
Mexico / 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 / Mexico
How much and how often are bonuses being awarded?
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24% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 76% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.
| Received Bonus | 76% | |
| No Bonus | 24% |
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 / Mexico
210 MXN per hourThe average hourly wage (pay per hour) for individuals working as Loan Quality Assurance Auditor in Mexico is 210 MXN.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 Mexico is 110 MXN. 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 | 51,400 MXN |  +44% |
| Assistant Bank Branch Manager | 42,800 MXN | +20% |
| Assistant Bank Manager | 60,200 MXN | +69% |
| ATM Manager | 47,900 MXN | +34% |
| ATM Service Technician | 13,700 MXN | -62% |
| Bank Accounts Analyst | 20,300 MXN | -43% |
| Bank Accounts Collector | 12,300 MXN | -66% |
| Bank Accounts Controller | 25,500 MXN | -29% |
| Bank Accounts Executive | 35,600 MXN | -0% |
| Bank Accounts Manager | 43,000 MXN | +20% |
| Bank Auditing Manager | 41,500 MXN | +16% |
| Bank Branch Manager | 62,000 MXN | +74% |
| Bank Branch Operations Coordinator | 25,400 MXN | -29% |
| Bank Clerk | 11,600 MXN | -68% |
| Bank Client Service Associate | 16,800 MXN | -53% |
| Bank Collector | 11,700 MXN | -67% |
| Bank Compliance Specialist | 32,900 MXN | -8% |
| Bank Manager | 72,900 MXN | +100% |
| Bank Operational Risk Manager | 71,500 MXN | +100% |
| Bank Operations Head | 68,900 MXN | +93% |
| Bank Operations Officer | 27,800 MXN | -22% |
| Bank Operations Specialist | 42,900 MXN | +20% |
| Bank Process Manager | 39,300 MXN | +10% |
| Bank Product Manager | 45,600 MXN | +28% |
| Bank Programme Manager | 46,700 MXN | +31% |
| Bank Project Manager | 57,900 MXN | +62% |
| Bank Propositions Manager | 52,100 MXN | +46% |
| Bank Quantitative Analyst | 36,500 MXN | +2% |
| Bank Regional Manager | 72,000 MXN | +100% |
| Bank Regional Risk Officer | 36,400 MXN | +2% |
| Bank Relationship Manager | 54,800 MXN | +53% |
| Bank Relationship Officer | 24,300 MXN | -32% |
| Bank Sustainability Analyst | 42,600 MXN | +19% |
| Bank Teller | 12,900 MXN | -64% |
| Banker | 24,600 MXN | -31% |
| Banking Business Analyst | 37,200 MXN | +4% |
| Banking Business Development Officer | 22,700 MXN | -36% |
| Banking Business Planning Executive | 54,600 MXN | +53% |
| Banking Data Analyst | 41,200 MXN | +15% |
| Banking Product Manager | 46,800 MXN | +31% |
| Banking Reference Data Manager | 39,100 MXN | +9% |
| Banking Regulatory Compliance Officer | 43,900 MXN | +23% |
| Banking Risk Analyst | 35,300 MXN | -1% |
| Banking Technical Analyst | 19,300 MXN | -46% |
| Bankruptcy Coordinator | 26,500 MXN | -26% |
| Bill and Account Collector | 13,300 MXN | -63% |
| Blockchain Analyst | 32,500 MXN | -9% |
| Blockchain Architect | 35,500 MXN | -1% |
| Blockchain Auditor | 32,700 MXN | -8% |
| Blockchain Compliance Analyst | 31,800 MXN | -11% |
| Blockchain Consultant | 34,700 MXN | -3% |
| Blockchain Trade Facilitator | 29,900 MXN | -16% |
| Budget Analyst | 36,600 MXN | +2% |
| Capital Risk Manager | 71,200 MXN | +99% |
| Cards Marketing Manager | 47,900 MXN | +34% |
| Cash Management Manager | 66,000 MXN | +85% |
| Check Processing Manager | 45,900 MXN | +29% |
| Chief Blockchain Officer | 40,100 MXN | +12% |
| Commercial Vault Associate | 34,700 MXN | -3% |
| Corporate Banker | 27,200 MXN | -24% |
| Corporate Dealer | 36,400 MXN | +2% |
| Credit Analyst | 28,000 MXN | -22% |
| Credit and Collections Manager | 50,600 MXN | +42% |
| Credit Card Fraud Investigator | 36,500 MXN | +2% |
| Credit Portfolio Manager | 71,700 MXN | +100% |
| Credit Risk Analyst | 41,900 MXN | +17% |
| Credit Risk Associate | 40,500 MXN | +13% |
| Cryptocurrency Accountant | 22,800 MXN | -36% |
| Cryptocurrency Adviser | 46,100 MXN | +29% |
| Cryptocurrency Analyst | 32,500 MXN | -9% |
| Cryptocurrency Compliance Manager | 42,000 MXN | +18% |
| Cryptocurrency Trader | 39,100 MXN | +9% |
| Digital Banking Manager | 50,300 MXN | +41% |
| Digital Currency Analyst | 36,600 MXN | +2% |
| Direct Bank Sales Representative | 26,000 MXN | -27% |
| Exchange Control Consultant | 39,100 MXN | +9% |
| Executive Account Analyst | 37,300 MXN | +4% |
| Financial Bank Planning Consultant | 46,200 MXN | +29% |
| Financial Banking Analysis Manager | 52,900 MXN | +48% |
| Financial Banking Assistant | 17,800 MXN | -50% |
| Financial Banking Systems Manager | 47,900 MXN | +34% |
| Foreign Exchange Manager | 53,300 MXN | +49% |
| Fraud Analyst | 38,400 MXN | +8% |
| Fraud Detection Associate | 27,400 MXN | -23% |
| Fraud Detection Manager | 54,600 MXN | +53% |
| Fraud Detection Supervisor | 31,200 MXN | -13% |
| Internal Bank Audit Manager | 63,500 MXN | +78% |
| Internal Bank Auditor | 35,200 MXN | -1% |
| Internal Private Banker | 26,300 MXN | -26% |
| International Banking Manager | 77,300 MXN | +120% |
| Investment Banking Analyst | 53,100 MXN | +49% |
| Loan Analyst | 36,700 MXN | +3% |
| Loan Area Manager | 43,300 MXN | +21% |
| Loan Audit Team Leader | 40,500 MXN | +13% |
| Loan Branch Manager | 41,700 MXN | +17% |
| Loan Business Development Officer | 21,200 MXN | -41% |
| Loan Clerk | 12,900 MXN | -64% |
| Loan Collection and Recovery Manager | 42,600 MXN | +19% |
| Loan Collection Manager | 45,300 MXN | +27% |
| Loan Collector | 12,100 MXN | -66% |
| Loan Examiner | 16,700 MXN | -53% |
| Loan Officer | 14,100 MXN | -61% |
| Loan Processing Manager | 38,900 MXN | +9% |
| Loan Processor | 16,900 MXN | -53% |
| Loan Quality Assurance Auditor | 35,700 MXN | -0% |
| Loan Quality Assurance Manager | 41,300 MXN | +16% |
| Loan Quality Assurance Representative | 28,600 MXN | -20% |
| Loan Review Manager | 40,700 MXN | +14% |
| Loan Team Leader | 37,800 MXN | +6% |
| Loans Manager | 51,100 MXN | +43% |
| Mortgage Advisor | 24,400 MXN | -32% |
| Mortgage Collection Manager | 42,900 MXN | +20% |
| Mortgage Collector | 12,400 MXN | -65% |
| Mortgage Credit Analyst | 19,000 MXN | -47% |
| Mortgage Credit Manager | 41,600 MXN | +16% |
| Mortgage Development Manager | 44,800 MXN | +25% |
| Mortgage Document Reviewer | 15,900 MXN | -55% |
| Mortgage Funding Manager | 49,000 MXN | +37% |
| Mortgage Operations Manager | 65,200 MXN | +83% |
| Mortgage Payment Processing Clerk | 13,500 MXN | -62% |
| Mortgage Processing Manager | 40,700 MXN | +14% |
| Mortgage Processor | 16,600 MXN | -54% |
| Mortgage Quality Assurance Auditor | 36,400 MXN | +2% |
| Mortgage Quality Assurance Manager | 43,300 MXN | +21% |
| Mortgage Servicing Clerk | 13,400 MXN | -62% |
| Mortgage Servicing Manager | 40,000 MXN | +12% |
| Mortgage Underwriter | 15,200 MXN | -57% |
| Online Banking Manager | 61,800 MXN | +73% |
| Open Banking Strategist | 38,500 MXN | +8% |
| Payment Processing Clerk | 13,100 MXN | -63% |
| Personal Banker | 26,400 MXN | -26% |
| Personal Banking Advisor | 27,000 MXN | -24% |
| Phone Banker | 16,800 MXN | -53% |
| Private Banker | 27,700 MXN | -22% |
| Reconciliation and Investigation Specialist | 29,500 MXN | -17% |
| Tax Officer | 22,900 MXN | -36% |
| Teller | 12,100 MXN | -66% |
| Trade Officer | 14,500 MXN | -59% |
| Trade Product Manager | 43,200 MXN | +21% |
| Trader | 18,800 MXN | -47% |
| Treasury Operations Officer | 32,100 MXN | -10% |
| Wealth Management Advisor | 52,200 MXN | +46% |
Salary Comparison By City
| City | Average Salary |
| Cancun | 44,000 MXN |
| Guadalajara | 46,900 MXN |
| Mexico City | 50,400 MXN |
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 Mexico is 9% on average across all career fields.
| Private Sector | 32,000 MXN | |
| Public Sector | +9% | 34,800 MXN |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Loan Quality Assurance Auditor in Mexico?
A good and competitive compensation would range anywhere between 32,200 MXN and 36,400 MXN. 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 Mexico ranges from 18,900 MXN to 26,800 MXN. 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
