Loan Team Leader Average Salary in Tbilisi 2024
How much money does a person working as Loan Team Leader make in Tbilisi?
LOW
3,670
GEL AVERAGE
7,980
GEL HIGH
12,700
GEL
A person working as Loan Team Leader in Tbilisi typically earns around 7,980 GEL. Salaries range from 3,670 GEL (lowest) to 12,700 GEL (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Loan Team Leader salaries in Tbilisi vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Loan Team Leader Pay Scale and Salaries in Tbilisi
Salary Structure and Pay Scale Comparison
7,570 GEL or more
6,630 to 7,570 GEL
4,570 GEL or less
4,570 to 6,630 GEL
 3,670 GEL |
7,630 GEL |
12,700 GEL |
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 Team Leader in Tbilisi range from 3,670 GEL (starting salary) to 12,700 GEL (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 7,630 GEL, half of the professionals who work as Loan Team Leader in Tbilisi 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 Team Leader in Tbilisi earn less than 6,150 GEL, while 75% earn more. Similarly, the chart shows that 75% earn less than 8,790 GEL 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 Team Leader in Tbilisi compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 4,570 GEL to 6,630 GEL. About 20% of salaries are below the 4,570 GEL mark, while 10% fall within the range of 6,630 GEL to 7,570 GEL. Only 5% of individuals have salaries exceeding 7,570 GEL.
Salary Comparison by Years of Experience / Loan Team Leader / Tbilisi
How do experience and age affect pay?
| 0 - 2 Years | 4,170 GEL | |
| 2 - 5 Years | +34% | 5,570 GEL |
| 5 - 10 Years | +48% | 8,230 GEL |
| 10 - 15 Years | +22% | 10,000 GEL |
| 15 - 20 Years | +9% | 10,900 GEL |
| 20+ Years | +8% | 11,800 GEL |
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 Team Leader and this is what we found.
Employees with less than two years of experience earn approximately 4,170 GEL.
While someone with an experience level between two and five years is expected to earn 5,570 GEL, 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 8,230 GEL, 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 10,000 GEL, 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 10,900 GEL, 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 11,800 GEL, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Loan Team Leader / Tbilisi
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Loan Team Leader.
| Bachelor's Degree | 4,850 GEL | |
| Master's Degree | +93% | 9,360 GEL |
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 Team Leader in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 4,850 GEL.
Level 2: Master's Degree
At this level, the average salary becomes 9,360 GEL, 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 Georgia costs anywhere from 33,900 GEL to 102,000 GEL 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 Team Leader / Tbilisi
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 Team Leader in Georgia, the average difference between the salary of male and female employees is nan%.
| Male | 0 GEL | |
| Female | 0 GEL |
Salary Comparison By Gender in Georgia for all Careers
Average Annual Salary Increment Percentage / Loan Team Leader / Tbilisi
How much are annual salary increments in Tbilisi for individuals working as Loan Team Leader? How often do employees get salary raises?
Individuals working as Loan Team Leader in Georgia are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Georgia / 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 Team Leader / Georgia
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 / Loan Team Leader / Tbilisi
46 GEL per hourThe average hourly wage (pay per hour) for individuals working as Loan Team Leader in Tbilisi is 46 GEL.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 Team Leader in Tbilisi is 21 GEL. 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 | 10,900 GEL |  +37% |
| Assistant Bank Branch Manager | 9,450 GEL | +18% |
| Assistant Bank Manager | 11,900 GEL | +49% |
| ATM Manager | 10,800 GEL | +35% |
| ATM Service Technician | 2,910 GEL | -64% |
| Bank Accounts Analyst | 4,270 GEL | -47% |
| Bank Accounts Collector | 2,570 GEL | -68% |
| Bank Accounts Controller | 5,550 GEL | -30% |
| Bank Accounts Executive | 8,030 GEL | +1% |
| Bank Accounts Manager | 9,070 GEL | +14% |
| Bank Auditing Manager | 9,140 GEL | +15% |
| Bank Branch Manager | 13,200 GEL | +65% |
| Bank Branch Operations Coordinator | 5,740 GEL | -28% |
| Bank Clerk | 2,580 GEL | -68% |
| Bank Client Service Associate | 3,470 GEL | -57% |
| Bank Collector | 2,660 GEL | -67% |
| Bank Compliance Specialist | 6,890 GEL | -14% |
| Bank Manager | 14,300 GEL | +79% |
| Bank Operational Risk Manager | 14,400 GEL | +80% |
| Bank Operations Head | 15,500 GEL | +94% |
| Bank Operations Officer | 6,140 GEL | -23% |
| Bank Operations Specialist | 9,660 GEL | +21% |
| Bank Process Manager | 8,640 GEL | +8% |
| Bank Product Manager | 9,580 GEL | +20% |
| Bank Programme Manager | 10,300 GEL | +29% |
| Bank Project Manager | 12,100 GEL | +52% |
| Bank Propositions Manager | 10,400 GEL | +30% |
| Bank Quantitative Analyst | 7,560 GEL | -5% |
| Bank Regional Manager | 16,100 GEL | +100% |
| Bank Regional Risk Officer | 7,890 GEL | -1% |
| Bank Relationship Manager | 11,500 GEL | +44% |
| Bank Relationship Officer | 5,190 GEL | -35% |
| Bank Sustainability Analyst | 8,470 GEL | +6% |
| Bank Teller | 2,680 GEL | -66% |
| Banker | 5,150 GEL | -35% |
| Banking Business Analyst | 7,980 GEL | -0% |
| Banking Business Development Officer | 5,050 GEL | -37% |
| Banking Business Planning Executive | 11,100 GEL | +39% |
| Banking Data Analyst | 9,370 GEL | +17% |
| Banking Product Manager | 9,400 GEL | +18% |
| Banking Reference Data Manager | 8,850 GEL | +11% |
| Banking Regulatory Compliance Officer | 9,370 GEL | +17% |
| Banking Risk Analyst | 7,520 GEL | -6% |
| Banking Technical Analyst | 4,010 GEL | -50% |
| Bankruptcy Coordinator | 5,600 GEL | -30% |
| Bill and Account Collector | 2,700 GEL | -66% |
| Blockchain Analyst | 6,670 GEL | -16% |
| Blockchain Architect | 7,540 GEL | -6% |
| Blockchain Auditor | 7,190 GEL | -10% |
| Blockchain Compliance Analyst | 7,240 GEL | -9% |
| Blockchain Consultant | 7,390 GEL | -7% |
| Blockchain Trade Facilitator | 6,210 GEL | -22% |
| Budget Analyst | 7,590 GEL | -5% |
| Capital Risk Manager | 14,900 GEL | +87% |
| Cards Marketing Manager | 10,100 GEL | +27% |
| Cash Management Manager | 13,700 GEL | +72% |
| Check Processing Manager | 9,900 GEL | +24% |
| Chief Blockchain Officer | 8,820 GEL | +10% |
| Commercial Vault Associate | 7,710 GEL | -3% |
| Corporate Banker | 5,670 GEL | -29% |
| Corporate Dealer | 8,250 GEL | +3% |
| Credit Analyst | 6,070 GEL | -24% |
| Credit and Collections Manager | 10,300 GEL | +29% |
| Credit Card Fraud Investigator | 8,470 GEL | +6% |
| Credit Portfolio Manager | 14,500 GEL | +82% |
| Credit Risk Analyst | 8,810 GEL | +10% |
| Credit Risk Associate | 8,350 GEL | +5% |
| Cryptocurrency Accountant | 5,150 GEL | -35% |
| Cryptocurrency Adviser | 9,740 GEL | +22% |
| Cryptocurrency Analyst | 7,110 GEL | -11% |
| Cryptocurrency Compliance Manager | 8,590 GEL | +8% |
| Cryptocurrency Trader | 8,290 GEL | +4% |
| Digital Banking Manager | 11,000 GEL | +38% |
| Digital Currency Analyst | 7,810 GEL | -2% |
| Direct Bank Sales Representative | 5,660 GEL | -29% |
| Exchange Control Consultant | 8,130 GEL | +2% |
| Executive Account Analyst | 7,660 GEL | -4% |
| Financial Bank Planning Consultant | 10,000 GEL | +25% |
| Financial Banking Analysis Manager | 11,200 GEL | +40% |
| Financial Banking Assistant | 3,890 GEL | -51% |
| Financial Banking Systems Manager | 10,800 GEL | +35% |
| Foreign Exchange Manager | 11,300 GEL | +42% |
| Fraud Analyst | 8,030 GEL | +1% |
| Fraud Detection Associate | 5,450 GEL | -32% |
| Fraud Detection Manager | 12,000 GEL | +50% |
| Fraud Detection Supervisor | 7,090 GEL | -11% |
| Internal Bank Audit Manager | 14,100 GEL | +77% |
| Internal Bank Auditor | 7,280 GEL | -9% |
| Internal Private Banker | 5,610 GEL | -30% |
| International Banking Manager | 16,600 GEL | +110% |
| Investment Banking Analyst | 11,500 GEL | +44% |
| Loan Analyst | 8,100 GEL | +1% |
| Loan Area Manager | 9,240 GEL | +16% |
| Loan Audit Team Leader | 8,650 GEL | +8% |
| Loan Branch Manager | 9,220 GEL | +16% |
| Loan Business Development Officer | 4,850 GEL | -39% |
| Loan Clerk | 2,760 GEL | -65% |
| Loan Collection and Recovery Manager | 9,790 GEL | +23% |
| Loan Collection Manager | 9,090 GEL | +14% |
| Loan Collector | 2,600 GEL | -67% |
| Loan Examiner | 3,380 GEL | -58% |
| Loan Officer | 2,940 GEL | -63% |
| Loan Processing Manager | 8,130 GEL | +2% |
| Loan Processor | 3,660 GEL | -54% |
| Loan Quality Assurance Auditor | 8,010 GEL | +0% |
| Loan Quality Assurance Manager | 8,680 GEL | +9% |
| Loan Quality Assurance Representative | 5,640 GEL | -29% |
| Loan Review Manager | 9,160 GEL | +15% |
| Loan Team Leader | 7,980 GEL | -0% |
| Loans Manager | 10,700 GEL | +34% |
| Mortgage Advisor | 5,350 GEL | -33% |
| Mortgage Collection Manager | 8,780 GEL | +10% |
| Mortgage Collector | 2,640 GEL | -67% |
| Mortgage Credit Analyst | 4,180 GEL | -48% |
| Mortgage Credit Manager | 8,560 GEL | +7% |
| Mortgage Development Manager | 10,600 GEL | +33% |
| Mortgage Document Reviewer | 3,510 GEL | -56% |
| Mortgage Funding Manager | 10,100 GEL | +27% |
| Mortgage Operations Manager | 13,200 GEL | +65% |
| Mortgage Payment Processing Clerk | 3,120 GEL | -61% |
| Mortgage Processing Manager | 8,730 GEL | +9% |
| Mortgage Processor | 3,690 GEL | -54% |
| Mortgage Quality Assurance Auditor | 7,880 GEL | -1% |
| Mortgage Quality Assurance Manager | 8,790 GEL | +10% |
| Mortgage Servicing Clerk | 2,780 GEL | -65% |
| Mortgage Servicing Manager | 8,610 GEL | +8% |
| Mortgage Underwriter | 3,200 GEL | -60% |
| Online Banking Manager | 13,700 GEL | +72% |
| Open Banking Strategist | 8,210 GEL | +3% |
| Payment Processing Clerk | 2,730 GEL | -66% |
| Personal Banker | 5,780 GEL | -28% |
| Personal Banking Advisor | 5,880 GEL | -26% |
| Phone Banker | 3,710 GEL | -54% |
| Private Banker | 5,410 GEL | -32% |
| Reconciliation and Investigation Specialist | 6,190 GEL | -22% |
| Tax Officer | 4,820 GEL | -40% |
| Teller | 2,610 GEL | -67% |
| Trade Officer | 3,340 GEL | -58% |
| Trade Product Manager | 9,350 GEL | +17% |
| Trader | 3,810 GEL | -52% |
| Treasury Operations Officer | 7,140 GEL | -11% |
| Wealth Management Advisor | 11,100 GEL | +39% |
Salary Comparison By City
| City | Average Salary |
| Tbilisi | 7,980 GEL |
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 Georgia is 17% on average across all career fields.
| Private Sector | 6,300 GEL | |
| Public Sector | +17% | 7,380 GEL |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Loan Team Leader in Tbilisi?
A good and competitive compensation would range anywhere between 7,630 GEL and 8,790 GEL. 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 Team Leader in Tbilisi ranges from 3,670 GEL to 6,150 GEL. 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
