Insurance Compliance Officer Average Salary in Saint Petersburg 2024
How much money does a person working as Insurance Compliance Officer make in Saint Petersburg?
LOW
68,000
RUB AVERAGE
128,000
RUB HIGH
195,000
RUB
A person working as Insurance Compliance Officer in Saint Petersburg typically earns around 128,000 RUB. Salaries range from 68,000 RUB (lowest) to 195,000 RUB (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Insurance Compliance Officer salaries in Saint Petersburg vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Insurance Compliance Officer Pay Scale and Salaries in Saint Petersburg
Salary Structure and Pay Scale Comparison
115,000 RUB or more
103,000 to 115,000 RUB
75,800 RUB or less
75,800 to 103,000 RUB
 68,000 RUB |
116,000 RUB |
195,000 RUB |
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 Insurance Compliance Officer in Saint Petersburg range from 68,000 RUB (starting salary) to 195,000 RUB (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 116,000 RUB, half of the professionals who work as Insurance Compliance Officer in Saint Petersburg 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 Insurance Compliance Officer in Saint Petersburg earn less than 96,400 RUB, while 75% earn more. Similarly, the chart shows that 75% earn less than 131,000 RUB 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 Insurance Compliance Officer in Saint Petersburg compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 75,800 RUB to 103,000 RUB. About 20% of salaries are below the 75,800 RUB mark, while 10% fall within the range of 103,000 RUB to 115,000 RUB. Only 5% of individuals have salaries exceeding 115,000 RUB.
Salary Comparison by Years of Experience / Insurance Compliance Officer / Saint Petersburg
How do experience and age affect pay?
| 0 - 2 Years | 78,100 RUB | |
| 2 - 5 Years | +23% | 95,900 RUB |
| 5 - 10 Years | +42% | 136,000 RUB |
| 10 - 15 Years | +17% | 159,000 RUB |
| 15 - 20 Years | +10% | 175,000 RUB |
| 20+ Years | +6% | 185,000 RUB |
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 Insurance Compliance Officer and this is what we found.
Employees with less than two years of experience earn approximately 78,100 RUB.
While someone with an experience level between two and five years is expected to earn 95,900 RUB, 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 136,000 RUB, 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 159,000 RUB, 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 175,000 RUB, 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 185,000 RUB, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Insurance Compliance Officer / Saint Petersburg
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Insurance Compliance Officer.
| High School | 94,700 RUB | |
| Certificate or Diploma | +13% | 107,000 RUB |
| Bachelor's Degree | +31% | 140,000 RUB |
| Master's Degree | +32% | 185,000 RUB |
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 Insurance Compliance Officer in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 94,700 RUB.
Level 2: Certificate or Diploma
At this level, the average salary becomes 107,000 RUB, 13% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 140,000 RUB, 31% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 185,000 RUB, 32% 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 Russia costs anywhere from 521,000 RUB to 1,560,000 RUB 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 / Insurance Compliance Officer / Saint Petersburg
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 Insurance Compliance Officer in Russia, the average difference between the salary of male and female employees is 8%.
| Male | 120,000 RUB | |
| Female | -7% | 111,000 RUB |
Salary Comparison By Gender in Russia for all Careers
Average Annual Salary Increment Percentage / Insurance Compliance Officer / Saint Petersburg
How much are annual salary increments in Saint Petersburg for individuals working as Insurance Compliance Officer? How often do employees get salary raises?
Individuals working as Insurance Compliance Officer in Russia are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.
Russia / 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 / Insurance Compliance Officer / Russia
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
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 / Insurance Compliance Officer / Saint Petersburg
740 RUB per hourThe average hourly wage (pay per hour) for individuals working as Insurance Compliance Officer in Saint Petersburg is 740 RUB.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 Insurance Compliance Officer in Saint Petersburg is 390 RUB. 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 |
| Insurance |  -100% | |
| Actuarial Analyst | 163,000 RUB |  +27% |
| Actuarial Assistant | 114,000 RUB | -11% |
| Actuarial Specialist | 114,000 RUB | -11% |
| Actuary | 157,000 RUB | +22% |
| Adjustment Insurance Clerk | 41,300 RUB | -68% |
| Assistant Broker | 74,000 RUB | -42% |
| Assistant Claims Manager | 125,000 RUB | -3% |
| Associate Insurance Representative | 61,500 RUB | -52% |
| Auditing Insurance Manager | 181,000 RUB | +41% |
| Blockchain Insurance Auditor | 104,000 RUB | -19% |
| Broker | 112,000 RUB | -13% |
| Claim Advocacy Professional | 122,000 RUB | -5% |
| Claims Adjuster | 44,800 RUB | -65% |
| Claims Analyst | 62,100 RUB | -52% |
| Claims Examiner | 61,500 RUB | -52% |
| Claims Manager | 165,000 RUB | +29% |
| Claims Processor | 43,100 RUB | -66% |
| Claims Representative | 49,600 RUB | -61% |
| Claims Resolution Specialist | 130,000 RUB | +1% |
| Claims Supervisor | 114,000 RUB | -11% |
| Complaints Specialist | 105,000 RUB | -18% |
| Compliance Examiner | 108,000 RUB | -16% |
| Compliance Officer | 96,100 RUB | -25% |
| Compliance Reviewer | 105,000 RUB | -18% |
| Consultant | 114,000 RUB | -11% |
| Drone Claims Adjuster | 51,700 RUB | -60% |
| Eligibility Interviewer | 126,000 RUB | -2% |
| Eligibility Specialist | 114,000 RUB | -11% |
| Insurance Account Manager | 146,000 RUB | +14% |
| Insurance Accounts Executive | 130,000 RUB | +1% |
| Insurance Adjuster | 104,000 RUB | -19% |
| Insurance Agent | 69,600 RUB | -46% |
| Insurance Analyst | 110,000 RUB | -14% |
| Insurance Appraiser | 113,000 RUB | -12% |
| Insurance Claims Clerk | 41,300 RUB | -68% |
| Insurance Compliance Officer | 128,000 RUB | -0% |
| Insurance Data Scientist | 104,000 RUB | -19% |
| Insurance Examiner | 112,000 RUB | -13% |
| Insurance Fraud Investigator | 92,600 RUB | -28% |
| Insurance Investigator | 114,000 RUB | -11% |
| Insurance Manager | 198,000 RUB | +54% |
| Insurance Operations Manager | 198,000 RUB | +54% |
| Insurance Policy Processing Clerk | 44,400 RUB | -65% |
| Insurance Pricing Assistant | 94,100 RUB | -27% |
| Insurance Product Manager | 143,000 RUB | +11% |
| Insurance Program Manager | 156,000 RUB | +22% |
| Insurance Project Manager | 145,000 RUB | +13% |
| Insurance Quality Assurance Agent | 101,000 RUB | -21% |
| Insurance Sales Agent | 70,300 RUB | -45% |
| Insurance Sales Director | 197,000 RUB | +54% |
| Insurance Sales Manager | 146,000 RUB | +14% |
| Insurance Sales Representative | 60,900 RUB | -53% |
| Insurance Team Leader | 120,000 RUB | -6% |
| Insurance Underwriter | 90,500 RUB | -29% |
| Insurtech Analyst | 111,000 RUB | -13% |
| Loss Control Specialist | 110,000 RUB | -14% |
| Loss Prevention Investigator | 117,000 RUB | -9% |
| Loss Prevention Manager | 162,000 RUB | +26% |
| Loss Prevention Specialist | 130,000 RUB | +1% |
| Marine Underwriter | 85,300 RUB | -34% |
| Medical Auditor | 117,000 RUB | -9% |
| Monitoring and Performance Officer | 82,700 RUB | -36% |
| Parametric Insurance Specialist | 115,000 RUB | -10% |
| Payment Services Specialist | 113,000 RUB | -12% |
| Peer-to-Peer Insurance Manager | 144,000 RUB | +12% |
| Policy Change Director | 174,000 RUB | +36% |
| Policy Change Supervisor | 131,000 RUB | +2% |
| Policy Change Technician | 58,200 RUB | -55% |
| Risk Analyst | 132,000 RUB | +3% |
| Risk Management Director | 226,000 RUB | +76% |
| Risk Management Supervisor | 145,000 RUB | +13% |
| Risk Manager | 213,000 RUB | +66% |
| Risk Modeling Manager | 211,000 RUB | +64% |
| Social Media Risk Analyst | 118,000 RUB | -8% |
| Title Insurance Typist | 98,000 RUB | -24% |
| Training Manager | 129,000 RUB | +1% |
| Underwriting Assistant | 58,000 RUB | -55% |
Salary Comparison By City
| City | Average Salary |
| Moscow | 133,000 RUB |
| Saint Petersburg | 128,000 RUB |
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 Russia is 6% on average across all career fields.
| Private Sector | 101,000 RUB | |
| Public Sector | +6% | 108,000 RUB |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Insurance Compliance Officer in Saint Petersburg?
A good and competitive compensation would range anywhere between 116,000 RUB and 131,000 RUB. 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 Insurance Compliance Officer in Saint Petersburg ranges from 68,000 RUB to 96,400 RUB. 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
