Average Credit Analyst Salary in Western Sahara for 2024

In this article, we will look at the average Credit Analyst salary for 2024 in Western Sahara 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 Moroccan dirham. To keep things simple, we are using the MAD currency code instead of the currency symbol DH.

How Much Does a Credit Analyst Make in Western Sahara?

A Credit Analyst working in Western Sahara will typically earn around 105,300 MAD per year, and this can range from the lowest average salary of about 56,060 MAD to the highest average salary of 161,300 MAD.

Average Annual Salary
105,300 MAD
Average Monthly Salary
8,775 MAD

Lowest Annual Salary
56,060 MAD
Lowest Monthly Salary
4,671 MAD

Highest Annual Salary
161,300 MAD
Highest Monthly Salary
13,441 MAD

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

Credit Analyst 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 Credit Analyst Salaries in Western Sahara

So we've looked at the average salaries a Credit Analyst will earn in Western Sahara. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Credit Analyst can earn between 56,060 MAD and 161,300 MAD on average in Western Sahara. 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 Credit Analyst in Western Sahara is 103,200 MAD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 103,200 MAD, and 50% of the population earn more than 103,200 MAD.

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 Credit Analyst salary in Western Sahara, 25% of the population are earning less than 71,020 MAD while 75% of the population earn more than 71,020 MAD.

75% of the population earn less than 127,700 MAD, and 25% of the population earn more than 127,700 MAD.

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.

Credit Analyst Salary by Experience Level in Western Sahara

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 credit analyst 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 Credit Analyst in Western Sahara that has less than two years of experience can expect to earn somewhere in the region of 63,700 MAD.
  • 2 - 5 Years Experience. With two to five years of experience the average Credit Analyst salary would increase to 84,040 MAD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Credit Analyst, the average salary would be 106,820 MAD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 130,400 MAD.
  • 15 - 20 Years Experience. A Credit Analyst with 15 to 20 years of experience can earn an average of 142,300 MAD.
  • 20+ Years Experience. For a Credit Analyst with more than 20 years, the expected average salary increases to 152,100 MAD.

Average Salary by Experience Chart

0-2 Years
63,700 MAD
2-5 Years +34%
84,040 MAD
5-10 Years +30%
106,820 MAD
10-15 Years +21%
130,400 MAD
15-20 Years +9%
142,300 MAD
20+ Years +5%
152,100 MAD

Credit Analyst Salary by Education Level in Western Sahara

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 Credit Analyst in Western Sahara based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Credit Analyst in Western Sahara with a bachelor's degree education can earn an average salary of 87,060 MAD.

  • Master's Degree. A Credit Analyst in Western Sahara with a master's degree education can earn an average salary of 123,400 MAD.

Average Salary by Education Chart

Bachelor's Degree
87,060 MAD
Master's Degree +39%
123,400 MAD

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 Western Sahara is around 51,900 to 156,000 MAD 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.

Credit Analyst 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 Western Sahara, a male credit analyst will earn an average of 111,240 MAD, while a female credit analyst will earn around 102,460 MAD.

This means that a male credit analyst earns approximately 9% more than a female credit analyst for performing the same job.

Average Salary by Gender Chart in Western Sahara

Male
111,240 MAD
Female -9%
102,460 MAD

Credit Analyst Average Pay Raise in Western Sahara

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 Credit Analyst in Western Sahara is around 8% every 27 months.

The national average pay raise across all professions and industries in Western Sahara is around 5% every 28 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 = ( 8 ÷ 27 ) × 12  = 4%

What this means is that a Credit Analyst in Western Sahara can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Western Sahara for 2024

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

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

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Credit Analyst Bonus and Incentive Rates in Western Sahara

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 Credit Analyst is a low bonus based job, with 35% of employees reporting at least one bonus in the last 12 months.

65% 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 5%.

Received Bonus
35%
No Bonus
65%

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 Western Sahara earn approximately 12% more than private sector employees in the same role.

Public Sector
128,900 MAD
Private Sector -12%
115,080 MAD

Salaries for Jobs Similar to a Credit Analyst

In the table below, we have salary information for jobs that are similar to a Credit Analyst in Western Sahara.

Job Title Category Salary
AML Analyst Banking 192,000 MAD
Assistant Bank Branch Manager Banking 159,400 MAD
Assistant Bank Manager Banking 221,500 MAD
ATM Manager Banking 175,900 MAD
ATM Service Technician Banking 51,100 MAD
Bank Accounts Analyst Banking 69,400 MAD
Bank Accounts Collector Banking 44,300 MAD
Bank Accounts Controller Banking 96,340 MAD
Bank Accounts Executive Banking 130,400 MAD
Bank Accounts Manager Banking 159,400 MAD
Bank Auditing Manager Banking 154,700 MAD
Bank Branch Manager Banking 232,900 MAD
Bank Branch Operations Coordinator Banking 94,900 MAD
Bank Clerk Banking 44,140 MAD
Bank Client Service Associate Banking 60,840 MAD
Bank Collector Banking 45,060 MAD
Bank Compliance Specialist Banking 112,560 MAD
Bank Manager Banking 263,900 MAD
Bank Operational Risk Manager Banking 257,700 MAD
Bank Operations Head Banking 275,800 MAD
Bank Operations Officer Banking 102,240 MAD
Bank Operations Specialist Banking 157,600 MAD
Bank Process Manager Banking 138,800 MAD
Bank Product Manager Banking 164,200 MAD
Bank Programme Manager Banking 172,200 MAD
Bank Project Manager Banking 200,000 MAD
Bank Propositions Manager Banking 183,700 MAD
Bank Quantitative Analyst Banking 136,100 MAD
Bank Regional Manager Banking 275,800 MAD
Bank Regional Risk Officer Banking 137,400 MAD
Bank Relationship Manager Banking 190,500 MAD
Bank Relationship Officer Banking 91,520 MAD
Bank Teller Banking 47,720 MAD
Banker Banking 88,020 MAD
Banking Business Analyst Banking 138,200 MAD
Banking Business Development Officer Banking 84,800 MAD
Banking Business Planning Executive Banking 187,300 MAD
Banking Product Manager Banking 167,100 MAD
Banking Reference Data Manager Banking 146,200 MAD
Banking Risk Analyst Banking 138,200 MAD
Banking Technical Analyst Banking 75,220 MAD
Bankruptcy Coordinator Banking 97,060 MAD
Bill and Account Collector Banking 45,000 MAD
Budget Analyst Banking 137,400 MAD
Capital Risk Manager Banking 246,500 MAD
Cards Marketing Manager Banking 168,100 MAD
Cash Management Manager Banking 246,500 MAD
Check Processing Manager Banking 172,400 MAD
Commercial Vault Associate Banking 134,600 MAD
Corporate Banker Banking 102,720 MAD
Corporate Dealer Banking 139,100 MAD
Credit and Collections Manager Banking 192,000 MAD
Credit Card Fraud Investigator Banking 139,100 MAD
Credit Portfolio Manager Banking 259,100 MAD
Credit Risk Analyst Banking 150,000 MAD
Credit Risk Associate Banking 146,200 MAD
Direct Bank Sales Representative Banking 99,080 MAD
Exchange Control Consultant Banking 150,000 MAD
Executive Account Analyst Banking 128,900 MAD
Financial Bank Planning Consultant Banking 172,200 MAD
Financial Banking Analysis Manager Banking 200,000 MAD
Financial Banking Assistant Banking 69,240 MAD
Financial Banking Systems Manager Banking 181,600 MAD
Foreign Exchange Manager Banking 204,700 MAD
Fraud Analyst Banking 138,200 MAD
Fraud Detection Associate Banking 94,900 MAD
Fraud Detection Manager Banking 221,500 MAD
Fraud Detection Supervisor Banking 118,060 MAD
Internal Bank Audit Manager Banking 240,500 MAD
Internal Bank Auditor Banking 136,100 MAD
Internal Private Banker Banking 102,720 MAD
International Banking Manager Banking 266,000 MAD
Investment Banking Analyst Banking 200,000 MAD
Loan Analyst Banking 130,400 MAD
Loan Area Manager Banking 172,200 MAD
Loan Audit Team Leader Banking 159,500 MAD
Loan Branch Manager Banking 151,800 MAD
Loan Business Development Officer Banking 82,520 MAD
Loan Clerk Banking 45,000 MAD
Loan Collection and Recovery Manager Banking 169,000 MAD
Loan Collection Manager Banking 161,600 MAD
Loan Collector Banking 45,060 MAD
Loan Examiner Banking 60,180 MAD
Loan Officer Banking 52,300 MAD
Loan Processing Manager Banking 138,800 MAD
Loan Processor Banking 60,880 MAD
Loan Quality Assurance Auditor Banking 143,200 MAD
Loan Quality Assurance Manager Banking 151,800 MAD
Loan Quality Assurance Representative Banking 102,620 MAD
Loan Review Manager Banking 148,300 MAD
Loan Team Leader Banking 137,400 MAD
Loans Manager Banking 175,900 MAD
Mortgage Advisor Banking 99,080 MAD
Mortgage Collection Manager Banking 157,600 MAD
Mortgage Collector Banking 43,760 MAD
Mortgage Credit Analyst Banking 70,260 MAD
Mortgage Credit Manager Banking 152,000 MAD
Mortgage Development Manager Banking 181,600 MAD
Mortgage Document Reviewer Banking 59,480 MAD
Mortgage Funding Manager Banking 180,500 MAD
Mortgage Operations Manager Banking 239,000 MAD
Mortgage Payment Processing Clerk Banking 48,300 MAD
Mortgage Processing Manager Banking 150,000 MAD
Mortgage Processor Banking 60,880 MAD
Mortgage Quality Assurance Auditor Banking 136,100 MAD
Mortgage Quality Assurance Manager Banking 159,400 MAD
Mortgage Servicing Clerk Banking 49,300 MAD
Mortgage Servicing Manager Banking 148,300 MAD
Mortgage Underwriter Banking 55,580 MAD
Online Banking Manager Banking 237,400 MAD
Payment Processing Clerk Banking 49,560 MAD
Personal Banker Banking 102,720 MAD
Personal Banking Advisor Banking 103,600 MAD
Phone Banker Banking 64,640 MAD
Private Banker Banking 97,640 MAD
Reconciliation and Investigation Specialist Banking 110,340 MAD
Tax Officer Banking 79,000 MAD
Teller Banking 47,120 MAD
Trade Officer Banking 53,380 MAD
Trade Product Manager Banking 159,400 MAD
Trader Banking 70,260 MAD
Treasury Operations Officer Banking 119,700 MAD

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