Average Bankruptcy Coordinator Salary in Benin for 2024

In this article, we will look at the average Bankruptcy Coordinator salary for 2024 in Benin and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the West African CFA franc. To keep things simple, we are using the XOF currency code instead of the currency symbol Fr.

How Much Does a Bankruptcy Coordinator Make in Benin?

A Bankruptcy Coordinator working in Benin will typically earn around 3,192,300 XOF per year, and this can range from the lowest average salary of about 1,632,100 XOF to the highest average salary of 4,908,200 XOF.

Average Annual Salary
3,192,300 XOF
Average Monthly Salary
266,025 XOF

Lowest Annual Salary
1,632,100 XOF
Lowest Monthly Salary
136,008 XOF

Highest Annual Salary
4,908,200 XOF
Highest Monthly Salary
409,016 XOF

These are average salaries for a Bankruptcy Coordinator in Benin and include benefits such as housing and transport. It's also possible for a Bankruptcy Coordinator to earn more or less than the average salaries shown above.

Bankruptcy Coordinator salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Bankruptcy Coordinator Salaries in Benin

So we've looked at the average salaries a Bankruptcy Coordinator will earn in Benin. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Bankruptcy Coordinator can earn between 1,632,100 XOF and 4,908,200 XOF on average in Benin. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Bankruptcy Coordinator in Benin is 3,118,900 XOF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 3,118,900 XOF, and 50% of the population earn more than 3,118,900 XOF.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Bankruptcy Coordinator salary in Benin, 25% of the population are earning less than 2,136,200 XOF while 75% of the population earn more than 2,136,200 XOF.

75% of the population earn less than 3,934,900 XOF, and 25% of the population earn more than 3,934,900 XOF.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Bankruptcy Coordinator Salary by Experience Level in Benin

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average bankruptcy coordinator salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Bankruptcy Coordinator in Benin that has less than two years of experience can expect to earn somewhere in the region of 1,825,000 XOF.
  • 2 - 5 Years Experience. With two to five years of experience the average Bankruptcy Coordinator salary would increase to 2,389,200 XOF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Bankruptcy Coordinator, the average salary would be 3,335,900 XOF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 4,006,500 XOF.
  • 15 - 20 Years Experience. A Bankruptcy Coordinator with 15 to 20 years of experience can earn an average of 4,355,800 XOF.
  • 20+ Years Experience. For a Bankruptcy Coordinator with more than 20 years, the expected average salary increases to 4,703,900 XOF.

Average Salary by Experience Chart

0-2 Years
1,825,000 XOF
2-5 Years +31%
2,389,200 XOF
5-10 Years +40%
3,335,900 XOF
10-15 Years +20%
4,006,500 XOF
15-20 Years +9%
4,355,800 XOF
20+ Years +8%
4,703,900 XOF

Bankruptcy Coordinator Salary by Education Level in Benin

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Bankruptcy Coordinator in Benin based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. A Bankruptcy Coordinator in Benin with a certificate or diploma education can earn an average salary of 2,086,500 XOF.

  • Bachelor's Degree. A Bankruptcy Coordinator in Benin with a bachelor's degree education can earn an average salary of 3,132,800 XOF.

  • Master's Degree. A Bankruptcy Coordinator in Benin with a master's degree education can earn an average salary of 4,642,200 XOF.

Average Salary by Education Chart

Certificate or Diploma
2,086,500 XOF
Bachelor's Degree +50%
3,132,800 XOF
Master's Degree +48%
4,642,200 XOF

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Benin is around 1,700,000 to 5,100,000 XOF and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Bankruptcy Coordinator Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Benin, a male bankruptcy coordinator will earn an average of 3,432,600 XOF, while a female bankruptcy coordinator will earn around 2,976,900 XOF.

This means that a male bankruptcy coordinator earns approximately 15% more than a female bankruptcy coordinator for performing the same job.

Average Salary by Gender Chart in Benin

Male
3,432,600 XOF
Female -15%
2,976,900 XOF

Bankruptcy Coordinator Average Pay Raise in Benin

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Bankruptcy Coordinator in Benin is around 7% every 28 months.

The national average pay raise across all professions and industries in Benin is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 7 ÷ 28 ) × 12  = 3%

What this means is that a Bankruptcy Coordinator in Benin can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Benin for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Benin.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Bankruptcy Coordinator Bonus and Incentive Rates in Benin

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Bankruptcy Coordinator is a low bonus based job, with 36% of employees reporting at least one bonus in the last 12 months.

64% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Received Bonus
36%
No Bonus
64%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Benin earn approximately 7% more than private sector employees in the same role.

Public Sector
4,201,000 XOF
Private Sector -7%
3,912,600 XOF

Salaries for Jobs Similar to a Bankruptcy Coordinator

In the table below, we have salary information for jobs that are similar to a Bankruptcy Coordinator in Benin.

Job Title Category Salary
AML Analyst Banking 6,709,300 XOF
Assistant Bank Branch Manager Banking 5,507,100 XOF
Assistant Bank Manager Banking 6,997,000 XOF
ATM Manager Banking 6,048,900 XOF
ATM Service Technician Banking 1,703,200 XOF
Bank Accounts Analyst Banking 2,423,000 XOF
Bank Accounts Collector Banking 1,537,500 XOF
Bank Accounts Controller Banking 3,108,200 XOF
Bank Accounts Executive Banking 4,714,900 XOF
Bank Accounts Manager Banking 5,591,900 XOF
Bank Auditing Manager Banking 5,614,600 XOF
Bank Branch Manager Banking 7,342,500 XOF
Bank Branch Operations Coordinator Banking 3,373,200 XOF
Bank Clerk Banking 1,500,800 XOF
Bank Client Service Associate Banking 1,955,300 XOF
Bank Collector Banking 1,476,700 XOF
Bank Compliance Specialist Banking 3,792,300 XOF
Bank Manager Banking 9,060,600 XOF
Bank Operational Risk Manager Banking 8,267,800 XOF
Bank Operations Head Banking 8,845,500 XOF
Bank Operations Officer Banking 3,648,200 XOF
Bank Operations Specialist Banking 5,242,700 XOF
Bank Process Manager Banking 5,003,800 XOF
Bank Product Manager Banking 5,761,400 XOF
Bank Programme Manager Banking 6,011,900 XOF
Bank Project Manager Banking 7,224,700 XOF
Bank Propositions Manager Banking 6,457,900 XOF
Bank Quantitative Analyst Banking 4,270,100 XOF
Bank Regional Manager Banking 9,133,400 XOF
Bank Regional Risk Officer Banking 4,558,700 XOF
Bank Relationship Manager Banking 6,840,100 XOF
Bank Relationship Officer Banking 3,118,900 XOF
Bank Teller Banking 1,547,500 XOF
Banker Banking 3,263,500 XOF
Banking Business Analyst Banking 4,642,200 XOF
Banking Business Development Officer Banking 2,794,600 XOF
Banking Business Planning Executive Banking 6,420,700 XOF
Banking Product Manager Banking 5,412,700 XOF
Banking Reference Data Manager Banking 4,931,400 XOF
Banking Risk Analyst Banking 4,345,400 XOF
Banking Technical Analyst Banking 2,471,700 XOF
Bill and Account Collector Banking 1,693,600 XOF
Budget Analyst Banking 4,642,200 XOF
Capital Risk Manager Banking 8,891,600 XOF
Cards Marketing Manager Banking 5,711,000 XOF
Cash Management Manager Banking 7,993,600 XOF
Check Processing Manager Banking 6,035,400 XOF
Commercial Vault Associate Banking 4,618,200 XOF
Corporate Banker Banking 3,288,400 XOF
Corporate Dealer Banking 4,981,700 XOF
Credit Analyst Banking 3,514,400 XOF
Credit and Collections Manager Banking 6,241,000 XOF
Credit Card Fraud Investigator Banking 4,895,800 XOF
Credit Portfolio Manager Banking 8,737,100 XOF
Credit Risk Analyst Banking 4,883,400 XOF
Credit Risk Associate Banking 5,076,600 XOF
Direct Bank Sales Representative Banking 3,108,200 XOF
Exchange Control Consultant Banking 4,618,200 XOF
Executive Account Analyst Banking 4,537,100 XOF
Financial Bank Planning Consultant Banking 5,794,900 XOF
Financial Banking Analysis Manager Banking 6,754,900 XOF
Financial Banking Assistant Banking 2,242,500 XOF
Financial Banking Systems Manager Banking 6,539,600 XOF
Foreign Exchange Manager Banking 6,493,000 XOF
Fraud Analyst Banking 5,088,900 XOF
Fraud Detection Associate Banking 3,288,400 XOF
Fraud Detection Manager Banking 7,150,200 XOF
Fraud Detection Supervisor Banking 4,067,600 XOF
Internal Bank Audit Manager Banking 8,029,300 XOF
Internal Bank Auditor Banking 4,369,800 XOF
Internal Private Banker Banking 3,312,100 XOF
International Banking Manager Banking 9,456,600 XOF
Investment Banking Analyst Banking 6,322,500 XOF
Loan Analyst Banking 4,450,400 XOF
Loan Area Manager Banking 5,340,600 XOF
Loan Audit Team Leader Banking 4,991,200 XOF
Loan Branch Manager Banking 5,063,200 XOF
Loan Business Development Officer Banking 2,794,600 XOF
Loan Clerk Banking 1,668,900 XOF
Loan Collection and Recovery Manager Banking 5,363,700 XOF
Loan Collection Manager Banking 5,232,400 XOF
Loan Collector Banking 1,500,800 XOF
Loan Examiner Banking 2,038,500 XOF
Loan Officer Banking 1,668,900 XOF
Loan Processing Manager Banking 5,146,100 XOF
Loan Processor Banking 1,990,300 XOF
Loan Quality Assurance Auditor Banking 4,585,100 XOF
Loan Quality Assurance Manager Banking 5,221,800 XOF
Loan Quality Assurance Representative Banking 3,564,300 XOF
Loan Review Manager Banking 4,966,200 XOF
Loan Team Leader Banking 4,548,600 XOF
Loans Manager Banking 6,084,900 XOF
Mortgage Advisor Banking 3,205,100 XOF
Mortgage Collection Manager Banking 5,518,700 XOF
Mortgage Collector Banking 1,428,800 XOF
Mortgage Credit Analyst Banking 2,374,400 XOF
Mortgage Credit Manager Banking 5,111,100 XOF
Mortgage Development Manager Banking 5,989,600 XOF
Mortgage Document Reviewer Banking 2,086,500 XOF
Mortgage Funding Manager Banking 5,735,900 XOF
Mortgage Operations Manager Banking 7,789,700 XOF
Mortgage Payment Processing Clerk Banking 1,751,700 XOF
Mortgage Processing Manager Banking 5,183,700 XOF
Mortgage Processor Banking 2,086,500 XOF
Mortgage Quality Assurance Auditor Banking 4,654,300 XOF
Mortgage Quality Assurance Manager Banking 4,919,600 XOF
Mortgage Servicing Clerk Banking 1,645,600 XOF
Mortgage Servicing Manager Banking 4,846,300 XOF
Mortgage Underwriter Banking 1,882,700 XOF
Online Banking Manager Banking 8,218,100 XOF
Payment Processing Clerk Banking 1,547,500 XOF
Personal Banker Banking 3,263,500 XOF
Personal Banking Advisor Banking 3,229,900 XOF
Phone Banker Banking 2,110,600 XOF
Private Banker Banking 3,239,400 XOF
Reconciliation and Investigation Specialist Banking 3,648,200 XOF
Tax Officer Banking 2,724,700 XOF
Teller Banking 1,632,100 XOF
Trade Officer Banking 1,882,700 XOF
Trade Product Manager Banking 5,518,700 XOF
Trader Banking 2,136,200 XOF
Treasury Operations Officer Banking 3,946,200 XOF

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Bankruptcy Coordinator Salary in Benin for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-bankruptcy-coordinator-salary-in-benin/.

  • "Average Bankruptcy Coordinator Salary in Benin for 2024". World Salaries, https://worldsalaries.com/average-bankruptcy-coordinator-salary-in-benin/. Accessed 28 March, 2024

  • Average Bankruptcy Coordinator Salary in Benin for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-bankruptcy-coordinator-salary-in-benin/.