Loan Collection and Recovery Manager Average Salary in Zurich 2024
How much money does a person working as Loan Collection and Recovery Manager make in Zurich?
LOW
88,200
CHF AVERAGE
192,000
CHF HIGH
305,000
CHF
A person working as Loan Collection and Recovery Manager in Zurich typically earns around 192,000 CHF. Salaries range from 88,200 CHF (lowest) to 305,000 CHF (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Loan Collection and Recovery Manager salaries in Zurich vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Loan Collection and Recovery Manager Pay Scale and Salaries in Zurich
Salary Structure and Pay Scale Comparison
182,000 CHF or more
159,000 to 182,000 CHF
110,000 CHF or less
110,000 to 159,000 CHF
 88,200 CHF |
183,000 CHF |
305,000 CHF |
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 Collection and Recovery Manager in Zurich range from 88,200 CHF (starting salary) to 305,000 CHF (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 183,000 CHF, half of the professionals who work as Loan Collection and Recovery Manager in Zurich 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 Collection and Recovery Manager in Zurich earn less than 148,000 CHF, while 75% earn more. Similarly, the chart shows that 75% earn less than 211,000 CHF 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 Collection and Recovery Manager in Zurich compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 110,000 CHF to 159,000 CHF. About 20% of salaries are below the 110,000 CHF mark, while 10% fall within the range of 159,000 CHF to 182,000 CHF. Only 5% of individuals have salaries exceeding 182,000 CHF.
Salary Comparison by Years of Experience / Loan Collection and Recovery Manager / Zurich
How do experience and age affect pay?
| 0 - 2 Years | 100,000 CHF | |
| 2 - 5 Years | +34% | 134,000 CHF |
| 5 - 10 Years | +48% | 198,000 CHF |
| 10 - 15 Years | +22% | 241,000 CHF |
| 15 - 20 Years | +9% | 263,000 CHF |
| 20+ Years | +8% | 284,000 CHF |
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 Collection and Recovery Manager and this is what we found.
Employees with less than two years of experience earn approximately 100,000 CHF.
While someone with an experience level between two and five years is expected to earn 134,000 CHF, 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 198,000 CHF, 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 241,000 CHF, 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 263,000 CHF, 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 284,000 CHF, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Loan Collection and Recovery Manager / Zurich
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Loan Collection and Recovery Manager.
| Bachelor's Degree | 116,000 CHF | |
| Master's Degree | +93% | 225,000 CHF |
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 Collection and Recovery Manager in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 116,000 CHF.
Level 2: Master's Degree
At this level, the average salary becomes 225,000 CHF, 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 Switzerland costs anywhere from 51,800 CHF to 155,000 CHF 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 Collection and Recovery Manager / Zurich
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 Collection and Recovery Manager in Switzerland, the average difference between the salary of male and female employees is 4%.
| Male | 167,000 CHF | |
| Female | -4% | 160,000 CHF |
Salary Comparison By Gender in Switzerland for all Careers
Average Annual Salary Increment Percentage / Loan Collection and Recovery Manager / Zurich
How much are annual salary increments in Zurich for individuals working as Loan Collection and Recovery Manager? How often do employees get salary raises?
Individuals working as Loan Collection and Recovery Manager in Switzerland are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
Switzerland / 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 Collection and Recovery Manager / Switzerland
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 Collection and Recovery Manager / Zurich
92 CHF per hourThe average hourly wage (pay per hour) for individuals working as Loan Collection and Recovery Manager in Zurich is 92 CHF.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 Collection and Recovery Manager in Zurich is 42 CHF. 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 | 207,000 CHF |  +8% |
| Assistant Bank Branch Manager | 191,000 CHF | -0% |
| Assistant Bank Manager | 236,000 CHF | +23% |
| ATM Manager | 201,000 CHF | +5% |
| ATM Service Technician | 56,100 CHF | -71% |
| Bank Accounts Analyst | 78,900 CHF | -59% |
| Bank Accounts Collector | 52,000 CHF | -73% |
| Bank Accounts Controller | 109,000 CHF | -43% |
| Bank Accounts Executive | 163,000 CHF | -15% |
| Bank Accounts Manager | 173,000 CHF | -10% |
| Bank Auditing Manager | 183,000 CHF | -5% |
| Bank Branch Manager | 258,000 CHF | +35% |
| Bank Branch Operations Coordinator | 116,000 CHF | -40% |
| Bank Clerk | 48,300 CHF | -75% |
| Bank Client Service Associate | 69,900 CHF | -64% |
| Bank Collector | 49,300 CHF | -74% |
| Bank Compliance Specialist | 134,000 CHF | -30% |
| Bank Manager | 298,000 CHF | +55% |
| Bank Operational Risk Manager | 300,000 CHF | +56% |
| Bank Operations Head | 298,000 CHF | +55% |
| Bank Operations Officer | 119,000 CHF | -38% |
| Bank Operations Specialist | 188,000 CHF | -2% |
| Bank Process Manager | 159,000 CHF | -17% |
| Bank Product Manager | 192,000 CHF | +0% |
| Bank Programme Manager | 208,000 CHF | +8% |
| Bank Project Manager | 245,000 CHF | +28% |
| Bank Propositions Manager | 206,000 CHF | +7% |
| Bank Quantitative Analyst | 152,000 CHF | -21% |
| Bank Regional Manager | 313,000 CHF | +63% |
| Bank Regional Risk Officer | 159,000 CHF | -17% |
| Bank Relationship Manager | 232,000 CHF | +21% |
| Bank Relationship Officer | 105,000 CHF | -45% |
| Bank Sustainability Analyst | 176,000 CHF | -8% |
| Bank Teller | 51,300 CHF | -73% |
| Banker | 102,000 CHF | -47% |
| Banking Business Analyst | 157,000 CHF | -18% |
| Banking Business Development Officer | 93,400 CHF | -51% |
| Banking Business Planning Executive | 213,000 CHF | +11% |
| Banking Data Analyst | 183,000 CHF | -5% |
| Banking Product Manager | 196,000 CHF | +2% |
| Banking Reference Data Manager | 164,000 CHF | -14% |
| Banking Regulatory Compliance Officer | 190,000 CHF | -1% |
| Banking Risk Analyst | 150,000 CHF | -22% |
| Banking Technical Analyst | 83,400 CHF | -57% |
| Bankruptcy Coordinator | 113,000 CHF | -41% |
| Bill and Account Collector | 53,800 CHF | -72% |
| Blockchain Analyst | 134,000 CHF | -30% |
| Blockchain Architect | 157,000 CHF | -18% |
| Blockchain Auditor | 141,000 CHF | -26% |
| Blockchain Compliance Analyst | 147,000 CHF | -23% |
| Blockchain Consultant | 141,000 CHF | -26% |
| Blockchain Trade Facilitator | 129,000 CHF | -33% |
| Budget Analyst | 159,000 CHF | -17% |
| Capital Risk Manager | 301,000 CHF | +57% |
| Cards Marketing Manager | 186,000 CHF | -3% |
| Cash Management Manager | 264,000 CHF | +38% |
| Check Processing Manager | 197,000 CHF | +3% |
| Chief Blockchain Officer | 169,000 CHF | -12% |
| Commercial Vault Associate | 148,000 CHF | -23% |
| Corporate Banker | 109,000 CHF | -43% |
| Corporate Dealer | 159,000 CHF | -17% |
| Credit Analyst | 122,000 CHF | -36% |
| Credit and Collections Manager | 215,000 CHF | +12% |
| Credit Card Fraud Investigator | 166,000 CHF | -13% |
| Credit Portfolio Manager | 276,000 CHF | +44% |
| Credit Risk Analyst | 169,000 CHF | -12% |
| Credit Risk Associate | 160,000 CHF | -17% |
| Cryptocurrency Accountant | 100,000 CHF | -48% |
| Cryptocurrency Adviser | 197,000 CHF | +3% |
| Cryptocurrency Analyst | 149,000 CHF | -22% |
| Cryptocurrency Compliance Manager | 169,000 CHF | -12% |
| Cryptocurrency Trader | 154,000 CHF | -20% |
| Digital Banking Manager | 205,000 CHF | +7% |
| Digital Currency Analyst | 158,000 CHF | -18% |
| Direct Bank Sales Representative | 115,000 CHF | -40% |
| Exchange Control Consultant | 162,000 CHF | -16% |
| Executive Account Analyst | 154,000 CHF | -20% |
| Financial Bank Planning Consultant | 202,000 CHF | +5% |
| Financial Banking Analysis Manager | 221,000 CHF | +15% |
| Financial Banking Assistant | 72,600 CHF | -62% |
| Financial Banking Systems Manager | 210,000 CHF | +9% |
| Foreign Exchange Manager | 227,000 CHF | +18% |
| Fraud Analyst | 159,000 CHF | -17% |
| Fraud Detection Associate | 114,000 CHF | -41% |
| Fraud Detection Manager | 251,000 CHF | +31% |
| Fraud Detection Supervisor | 139,000 CHF | -28% |
| Internal Bank Audit Manager | 295,000 CHF | +54% |
| Internal Bank Auditor | 144,000 CHF | -25% |
| Internal Private Banker | 107,000 CHF | -44% |
| International Banking Manager | 307,000 CHF | +60% |
| Investment Banking Analyst | 235,000 CHF | +23% |
| Loan Analyst | 151,000 CHF | -21% |
| Loan Area Manager | 184,000 CHF | -4% |
| Loan Audit Team Leader | 172,000 CHF | -10% |
| Loan Branch Manager | 172,000 CHF | -10% |
| Loan Business Development Officer | 93,900 CHF | -51% |
| Loan Clerk | 55,500 CHF | -71% |
| Loan Collection and Recovery Manager | 192,000 CHF | +0% |
| Loan Collection Manager | 190,000 CHF | -1% |
| Loan Collector | 52,900 CHF | -72% |
| Loan Examiner | 64,500 CHF | -66% |
| Loan Officer | 58,700 CHF | -69% |
| Loan Processing Manager | 161,000 CHF | -16% |
| Loan Processor | 68,000 CHF | -65% |
| Loan Quality Assurance Auditor | 155,000 CHF | -19% |
| Loan Quality Assurance Manager | 174,000 CHF | -9% |
| Loan Quality Assurance Representative | 117,000 CHF | -39% |
| Loan Review Manager | 179,000 CHF | -7% |
| Loan Team Leader | 162,000 CHF | -16% |
| Loans Manager | 198,000 CHF | +3% |
| Mortgage Advisor | 112,000 CHF | -42% |
| Mortgage Collection Manager | 173,000 CHF | -10% |
| Mortgage Collector | 48,900 CHF | -75% |
| Mortgage Credit Analyst | 80,300 CHF | -58% |
| Mortgage Credit Manager | 171,000 CHF | -11% |
| Mortgage Development Manager | 198,000 CHF | +3% |
| Mortgage Document Reviewer | 68,100 CHF | -64% |
| Mortgage Funding Manager | 204,000 CHF | +6% |
| Mortgage Operations Manager | 261,000 CHF | +36% |
| Mortgage Payment Processing Clerk | 58,200 CHF | -70% |
| Mortgage Processing Manager | 183,000 CHF | -5% |
| Mortgage Processor | 72,600 CHF | -62% |
| Mortgage Quality Assurance Auditor | 153,000 CHF | -20% |
| Mortgage Quality Assurance Manager | 177,000 CHF | -8% |
| Mortgage Servicing Clerk | 51,300 CHF | -73% |
| Mortgage Servicing Manager | 165,000 CHF | -14% |
| Mortgage Underwriter | 66,600 CHF | -65% |
| Online Banking Manager | 264,000 CHF | +38% |
| Open Banking Strategist | 166,000 CHF | -13% |
| Payment Processing Clerk | 54,500 CHF | -72% |
| Personal Banker | 112,000 CHF | -42% |
| Personal Banking Advisor | 120,000 CHF | -37% |
| Phone Banker | 77,900 CHF | -59% |
| Private Banker | 112,000 CHF | -42% |
| Reconciliation and Investigation Specialist | 129,000 CHF | -33% |
| Tax Officer | 89,000 CHF | -54% |
| Teller | 54,700 CHF | -71% |
| Trade Officer | 62,400 CHF | -67% |
| Trade Product Manager | 181,000 CHF | -6% |
| Trader | 76,600 CHF | -60% |
| Treasury Operations Officer | 132,000 CHF | -31% |
| Wealth Management Advisor | 231,000 CHF | +20% |
Salary Comparison By City
| City | Average Salary |
| Zurich | 192,000 CHF |
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 Switzerland is 4% on average across all career fields.
| Private Sector | 122,000 CHF | |
| Public Sector | +4% | 127,000 CHF |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Loan Collection and Recovery Manager in Zurich?
A good and competitive compensation would range anywhere between 183,000 CHF and 211,000 CHF. 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 Collection and Recovery Manager in Zurich ranges from 88,200 CHF to 148,000 CHF. 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
