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Loan Quality Assurance Auditor Average Salary in United Kingdom 2024

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

Average Yearly Salary
82,200 GBP
( 6,850 GBP monthly)

All salary figures displayed here are per year 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 United Kingdom typically earns around 82,200 GBP. Salaries range from 40,300 GBP (lowest) to 128,000 GBP (highest).

Salary Variance

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

Median and salary distribution United Kingdom Loan Quality Assurance Auditor yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
76,200 GBP or more
10% of people earn
67,300 to 76,200 GBP
20% of people earn
47,800 GBP or less
65% of people earn
47,800 to 67,300 GBP
Minimum Salary
40,300 GBP
76,700 GBP
128,000 GBP

Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per year except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Loan Quality Assurance Auditor in United Kingdom range from 40,300 GBP (starting salary) to 128,000 GBP (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 76,700 GBP, half of the professionals who work as Loan Quality Assurance Auditor in United Kingdom 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 United Kingdom earn less than 62,700 GBP, while 75% earn more. Similarly, the chart shows that 75% earn less than 87,700 GBP 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 United Kingdom compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 47,800 GBP to 67,300 GBP. About 20% of salaries are below the 47,800 GBP mark, while 10% fall within the range of 67,300 GBP to 76,200 GBP. Only 5% of individuals have salaries exceeding 76,200 GBP.

Salary Comparison by Years of Experience / Loan Quality Assurance Auditor / United Kingdom

How do experience and age affect pay?

0 - 2 Years
47,700 GBP
2 - 5 Years+29%
61,400 GBP
5 - 10 Years+38%
84,700 GBP
10 - 15 Years+24%
105,000 GBP
15 - 20 Years+7%
112,000 GBP
20+ Years+7%
120,000 GBP
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience yearly United Kingdom 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 year except when noted otherwise.

Employees with less than two years of experience earn approximately 47,700 GBP.

While someone with an experience level between two and five years is expected to earn 61,400 GBP, 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 84,700 GBP, 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 105,000 GBP, 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 112,000 GBP, 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 120,000 GBP, 7% 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 / United Kingdom

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
59,600 GBP
Master's Degree+60%
95,700 GBP
Percentage increase and decrease are relative to the previous value
Salary comparison by education level yearly United Kingdom 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 59,600 GBP.

Level 2: Master's Degree

At this level, the average salary becomes 95,700 GBP, 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 United Kingdom costs anywhere from 29,700 GBP to 89,100 GBP 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 / United Kingdom

Salary comparison by gender United Kingdom Loan Quality Assurance Auditor yearly
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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 United Kingdom, the average difference between the salary of male and female employees is 4%.

83,900 GBP
80,300 GBP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in United Kingdom for all Careers

Salary comparison by gender yearly United Kingdom
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Average Annual Salary Increment Percentage / Loan Quality Assurance Auditor / United Kingdom

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

Individuals working as Loan Quality Assurance Auditor in United Kingdom are likely to observe a salary increase of approximately 13% every 14 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate United Kingdom 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.

United Kingdom / All Professions

Annual Salary Increment Rate United Kingdom
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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 United Kingdom is 7%.

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 / United Kingdom

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United Kingdom Loan Quality Assurance Auditor
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16% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 84% 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 / United Kingdom

40 GBP per hour

The average hourly wage (pay per hour) for individuals working as Loan Quality Assurance Auditor in United Kingdom is 40 GBP.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 United Kingdom is 19 GBP. 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 Analyst111,000 GBP+35%
Assistant Bank Branch Manager94,500 GBP+15%
Assistant Bank Manager129,000 GBP+57%
ATM Manager101,000 GBP+23%
ATM Service Technician28,600 GBP-65%
Bank Accounts Analyst43,500 GBP-47%
Bank Accounts Collector24,600 GBP-70%
Bank Accounts Controller56,300 GBP-31%
Bank Accounts Executive77,700 GBP-5%
Bank Accounts Manager92,700 GBP+13%
Bank Auditing Manager94,900 GBP+15%
Bank Branch Manager125,000 GBP+52%
Bank Branch Operations Coordinator55,500 GBP-32%
Bank Clerk23,900 GBP-71%
Bank Client Service Associate33,800 GBP-59%
Bank Collector24,700 GBP-70%
Bank Compliance Specialist67,400 GBP-18%
Bank Manager148,000 GBP+80%
Bank Operational Risk Manager144,000 GBP+75%
Bank Operations Head158,000 GBP+92%
Bank Operations Officer62,500 GBP-24%
Bank Operations Specialist95,400 GBP+16%
Bank Process Manager84,500 GBP+3%
Bank Product Manager 93,800 GBP+14%
Bank Programme Manager103,000 GBP+25%
Bank Project Manager116,000 GBP+41%
Bank Propositions Manager111,000 GBP+35%
Bank Quantitative Analyst73,600 GBP-10%
Bank Regional Manager161,000 GBP+96%
Bank Regional Risk Officer81,400 GBP-1%
Bank Relationship Manager110,000 GBP+34%
Bank Relationship Officer53,200 GBP-35%
Bank Sustainability Analyst86,200 GBP+5%
Bank Teller27,200 GBP-67%
Banker52,400 GBP-36%
Banking Business Analyst80,400 GBP-2%
Banking Business Development Officer48,600 GBP-41%
Banking Business Planning Executive117,000 GBP+42%
Banking Data Analyst91,100 GBP+11%
Banking Product Manager94,200 GBP+15%
Banking Reference Data Manager82,400 GBP+0%
Banking Regulatory Compliance Officer96,100 GBP+17%
Banking Risk Analyst81,900 GBP-0%
Banking Technical Analyst43,200 GBP-47%
Bankruptcy Coordinator58,300 GBP-29%
Bill and Account Collector27,800 GBP-66%
Blockchain Analyst66,000 GBP-20%
Blockchain Architect78,800 GBP-4%
Blockchain Auditor71,700 GBP-13%
Blockchain Compliance Analyst68,900 GBP-16%
Blockchain Consultant74,300 GBP-10%
Blockchain Trade Facilitator67,000 GBP-18%
Budget Analyst80,000 GBP-3%
Capital Risk Manager143,000 GBP+74%
Cards Marketing Manager103,000 GBP+25%
Cash Management Manager140,000 GBP+70%
Check Processing Manager106,000 GBP+29%
Chief Blockchain Officer84,400 GBP+3%
Commercial Vault Associate80,300 GBP-2%
Corporate Banker57,600 GBP-30%
Corporate Dealer83,200 GBP+1%
Credit Analyst62,700 GBP-24%
Credit and Collections Manager112,000 GBP+36%
Credit Card Fraud Investigator79,800 GBP-3%
Credit Portfolio Manager154,000 GBP+87%
Credit Risk Analyst88,000 GBP+7%
Credit Risk Associate86,100 GBP+5%
Cryptocurrency Accountant50,800 GBP-38%
Cryptocurrency Adviser101,000 GBP+23%
Cryptocurrency Analyst70,700 GBP-14%
Cryptocurrency Compliance Manager90,400 GBP+10%
Cryptocurrency Trader83,200 GBP+1%
Digital Banking Manager105,000 GBP+28%
Digital Currency Analyst80,100 GBP-3%
Direct Bank Sales Representative56,300 GBP-31%
Exchange Control Consultant80,900 GBP-2%
Executive Account Analyst75,700 GBP-8%
Financial Bank Planning Consultant103,000 GBP+25%
Financial Banking Analysis Manager112,000 GBP+36%
Financial Banking Assistant37,300 GBP-55%
Financial Banking Systems Manager110,000 GBP+34%
Foreign Exchange Manager120,000 GBP+46%
Fraud Analyst81,700 GBP-1%
Fraud Detection Associate55,500 GBP-32%
Fraud Detection Manager119,000 GBP+45%
Fraud Detection Supervisor69,000 GBP-16%
Internal Bank Audit Manager138,000 GBP+68%
Internal Bank Auditor75,300 GBP-8%
Internal Private Banker56,400 GBP-31%
International Banking Manager164,000 GBP+100%
Investment Banking Analyst115,000 GBP+40%
Loan Analyst76,300 GBP-7%
Loan Area Manager101,000 GBP+23%
Loan Audit Team Leader94,100 GBP+14%
Loan Branch Manager86,800 GBP+6%
Loan Business Development Officer48,200 GBP-41%
Loan Clerk28,900 GBP-65%
Loan Collection and Recovery Manager93,700 GBP+14%
Loan Collection Manager91,000 GBP+11%
Loan Collector26,300 GBP-68%
Loan Examiner36,000 GBP-56%
Loan Officer29,200 GBP-64%
Loan Processing Manager82,800 GBP+1%
Loan Processor35,600 GBP-57%
Loan Quality Assurance Auditor82,200 GBP+0%
Loan Quality Assurance Manager85,000 GBP+3%
Loan Quality Assurance Representative58,300 GBP-29%
Loan Review Manager90,500 GBP+10%
Loan Team Leader83,100 GBP+1%
Loans Manager109,000 GBP+33%
Mortgage Advisor53,200 GBP-35%
Mortgage Collection Manager92,300 GBP+12%
Mortgage Collector26,500 GBP-68%
Mortgage Credit Analyst40,000 GBP-51%
Mortgage Credit Manager86,600 GBP+5%
Mortgage Development Manager102,000 GBP+24%
Mortgage Document Reviewer35,700 GBP-57%
Mortgage Funding Manager98,700 GBP+20%
Mortgage Operations Manager137,000 GBP+67%
Mortgage Payment Processing Clerk31,200 GBP-62%
Mortgage Processing Manager89,800 GBP+9%
Mortgage Processor36,300 GBP-56%
Mortgage Quality Assurance Auditor75,000 GBP-9%
Mortgage Quality Assurance Manager88,400 GBP+8%
Mortgage Servicing Clerk28,800 GBP-65%
Mortgage Servicing Manager85,200 GBP+4%
Mortgage Underwriter33,900 GBP-59%
Online Banking Manager143,000 GBP+74%
Open Banking Strategist84,200 GBP+2%
Payment Processing Clerk27,100 GBP-67%
Personal Banker59,900 GBP-27%
Personal Banking Advisor 58,400 GBP-29%
Phone Banker36,300 GBP-56%
Private Banker56,900 GBP-31%
Reconciliation and Investigation Specialist65,700 GBP-20%
Tax Officer49,100 GBP-40%
Teller26,400 GBP-68%
Trade Officer33,400 GBP-59%
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Salary Comparison By City

CityAverage Salary
London96,300 GBP

Salary Comparison By State

StateAverage Salary
England151,000 GBP
Northern Ireland74,900 GBP
Scotland108,000 GBP
Wales78,100 GBP

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 United Kingdom is 4% on average across all career fields.

Private Sector
69,700 GBP
Public Sector+4%
72,800 GBP
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 United Kingdom?

A good and competitive compensation would range anywhere between 76,700 GBP and 87,700 GBP. 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 United Kingdom ranges from 40,300 GBP to 62,700 GBP. 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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