Average Credit and Collection Staff Salary in Azerbaijan for 2024

In this article, we will look at the average Credit and Collection Staff salary for 2024 in Azerbaijan 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 Azerbaijani manat. To keep things simple, we are using the AZN currency code instead of the currency symbol โ‚ผ.

How Much Does a Credit and Collection Staff Make in Azerbaijan?

A Credit and Collection Staff working in Azerbaijan will typically earn around 20,500 AZN per year, and this can range from the lowest average salary of about 10,320 AZN to the highest average salary of 31,960 AZN.

Average Annual Salary
20,500 AZN
Average Monthly Salary
1,708 AZN

Lowest Annual Salary
10,320 AZN
Lowest Monthly Salary
860 AZN

Highest Annual Salary
31,960 AZN
Highest Monthly Salary
2,663 AZN

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

Credit and Collection Staff 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 and Collection Staff Salaries in Azerbaijan

So we've looked at the average salaries a Credit and Collection Staff will earn in Azerbaijan. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Credit and Collection Staff can earn between 10,320 AZN and 31,960 AZN on average in Azerbaijan. 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 and Collection Staff in Azerbaijan is 19,980 AZN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 19,980 AZN, and 50% of the population earn more than 19,980 AZN.

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 and Collection Staff salary in Azerbaijan, 25% of the population are earning less than 12,000 AZN while 75% of the population earn more than 12,000 AZN.

75% of the population earn less than 26,860 AZN, and 25% of the population earn more than 26,860 AZN.

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 and Collection Staff Salary by Experience Level in Azerbaijan

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 and collection staff 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 and Collection Staff in Azerbaijan that has less than two years of experience can expect to earn somewhere in the region of 12,020 AZN.
  • 2 - 5 Years Experience. With two to five years of experience the average Credit and Collection Staff salary would increase to 12,000 AZN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Credit and Collection Staff, the average salary would be 21,100 AZN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 23,360 AZN.
  • 15 - 20 Years Experience. A Credit and Collection Staff with 15 to 20 years of experience can earn an average of 29,040 AZN.
  • 20+ Years Experience. For a Credit and Collection Staff with more than 20 years, the expected average salary increases to 30,800 AZN.

Average Salary by Experience Chart

0-2 Years
12,020 AZN
2-5 Years +33%
12,000 AZN
5-10 Years +48%
21,100 AZN
10-15 Years +22%
23,360 AZN
15-20 Years +9%
29,040 AZN
20+ Years +8%
30,800 AZN

Credit and Collection Staff Salary by Education Level in Azerbaijan

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 and Collection Staff in Azerbaijan based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Credit and Collection Staff in Azerbaijan with a high school education can earn an average salary of 12,180 AZN.

  • Certificate or Diploma. A Credit and Collection Staff in Azerbaijan with a certificate or diploma education can earn an average salary of 20,300 AZN.

  • Bachelor's Degree. A Credit and Collection Staff in Azerbaijan with a bachelor's degree education can earn an average salary of 31,380 AZN.

Average Salary by Education Chart

High School
12,180 AZN
Certificate or Diploma +57%
20,300 AZN
Bachelor's Degree +68%
31,380 AZN

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 Azerbaijan is around 14,700 to 44,200 AZN 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 and Collection Staff 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 Azerbaijan, a male credit and collection staff will earn an average of 20,000 AZN, while a female credit and collection staff will earn around 19,220 AZN.

This means that a male credit and collection staff earns approximately 4% more than a female credit and collection staff for performing the same job.

Average Salary by Gender Chart in Azerbaijan

Male
20,000 AZN
Female -4%
19,220 AZN

Credit and Collection Staff Average Pay Raise in Azerbaijan

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 and Collection Staff in Azerbaijan is around 10% every 19 months.

The national average pay raise across all professions and industries in Azerbaijan is around 7% every 20 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 = ( 10 ÷ 19 ) × 12  = 6%

What this means is that a Credit and Collection Staff in Azerbaijan can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in Azerbaijan for 2024

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

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 and Collection Staff Bonus and Incentive Rates in Azerbaijan

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 and Collection Staff is a low bonus based job, with 29% of employees reporting at least one bonus in the last 12 months.

71% 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 0% to 4%.

Received Bonus
29%
No Bonus
71%

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 Azerbaijan earn approximately 3% more than private sector employees in the same role.

Public Sector
36,020 AZN
Private Sector -3%
34,980 AZN

Salaries for Jobs Similar to a Credit and Collection Staff

In the table below, we have salary information for jobs that are similar to a Credit and Collection Staff in Azerbaijan.

Job Title Category Salary
Account Examiner Accounting and Finance 19,480 AZN
Account Executive Accounting and Finance 32,620 AZN
Accountant Accounting and Finance 24,860 AZN
Accounting Analyst Accounting and Finance 29,640 AZN
Accounting Assistant Accounting and Finance 19,380 AZN
Accounting Associate Accounting and Finance 19,020 AZN
Accounting Clerk Accounting and Finance 17,100 AZN
Accounting Coordinator Accounting and Finance 22,340 AZN
Accounting Head Accounting and Finance 48,760 AZN
Accounting Manager Accounting and Finance 52,380 AZN
Accounting Officer Accounting and Finance 16,980 AZN
Accounting Specialist Accounting and Finance 35,340 AZN
Accounting Supervisor Accounting and Finance 35,340 AZN
Accounting Technician Accounting and Finance 20,120 AZN
Accounting Unit Controller Accounting and Finance 41,560 AZN
Accounts Executive Accounting and Finance 34,240 AZN
Accounts Officer Accounting and Finance 19,160 AZN
Accounts Payable and Receivable Specialist Accounting and Finance 25,160 AZN
Accounts Payable Assistant Accounting and Finance 19,060 AZN
Accounts Payable Associate Accounting and Finance 22,540 AZN
Accounts Payable Clerk Accounting and Finance 20,120 AZN
Accounts Payable Manager Accounting and Finance 49,020 AZN
Accounts Receivable Administrator Accounting and Finance 39,800 AZN
Accounts Receivable Clerk Accounting and Finance 19,020 AZN
Accounts Receivable Financial Analyst Accounting and Finance 34,380 AZN
Accounts Receivable Manager Accounting and Finance 52,540 AZN
Accounts Receivable Team Leader Accounting and Finance 37,620 AZN
Assistant Accountant Accounting and Finance 21,020 AZN
Assistant Accounting Manager Accounting and Finance 48,140 AZN
Assistant Auditor Accounting and Finance 25,160 AZN
Assistant Corporate Controller Accounting and Finance 37,620 AZN
Assistant Finance Manager Accounting and Finance 53,660 AZN
Assistant Financial Controller Accounting and Finance 35,340 AZN
Audit Director Accounting and Finance 60,160 AZN
Audit Supervisor Accounting and Finance 48,820 AZN
Auditing Clerk Accounting and Finance 19,160 AZN
Auditing Manager Accounting and Finance 50,660 AZN
Billing Clerk Accounting and Finance 19,380 AZN
Billing Coordinator Accounting and Finance 22,420 AZN
Billing Specialist Accounting and Finance 28,180 AZN
Billing Supervisor Accounting and Finance 37,880 AZN
Bookkeeper Accounting and Finance 18,780 AZN
Bookkeeping Specialist Accounting and Finance 24,860 AZN
Budget Analyst Accounting and Finance 45,620 AZN
Budget Manager Accounting and Finance 51,080 AZN
Business Support Analyst Accounting and Finance 29,320 AZN
Capital Markets Associate Accounting and Finance 36,020 AZN
Cash Flow Analyst Accounting and Finance 37,740 AZN
Cash Management Manager Accounting and Finance 50,080 AZN
Cash Management Officer Accounting and Finance 27,480 AZN
Cashbook Clerk Accounting and Finance 18,780 AZN
Chartered Accountant Accounting and Finance 31,520 AZN
Chief Accountant Accounting and Finance 36,020 AZN
Collections Clerk Accounting and Finance 17,620 AZN
Collections Representative Accounting and Finance 22,540 AZN
Collections Specialist Accounting and Finance 24,200 AZN
Corporate Controller Accounting and Finance 39,560 AZN
Corporate Treasurer Accounting and Finance 49,360 AZN
Cost Accountant Accounting and Finance 24,800 AZN
Cost Accounting Manager Accounting and Finance 51,100 AZN
Cost Accounting Supervisor Accounting and Finance 42,040 AZN
Cost Analyst Accounting and Finance 42,320 AZN
Credit and Collection Manager Accounting and Finance 48,920 AZN
Credit and Loans Officer Accounting and Finance 18,280 AZN
Credit Controller Accounting and Finance 34,280 AZN
Credit Manager Accounting and Finance 55,320 AZN
Debt Adviser Accounting and Finance 45,580 AZN
Debt Collector Accounting and Finance 20,500 AZN
Debtors Clerk Accounting and Finance 17,760 AZN
Debtors Controller Accounting and Finance 16,980 AZN
Deputy CFO Accounting and Finance 68,400 AZN
Deputy Head of Finance Accounting and Finance 72,360 AZN
Derivative Trader Accounting and Finance 43,340 AZN
Director of Finance Accounting and Finance 80,920 AZN
Economist Accounting and Finance 60,160 AZN
Equity Analyst Accounting and Finance 46,720 AZN
Escrow Assistant Accounting and Finance 20,460 AZN
Executive Accountant Accounting and Finance 28,860 AZN
External Auditor Accounting and Finance 34,360 AZN
Finance Administrator Accounting and Finance 28,860 AZN
Finance Analyst Accounting and Finance 45,720 AZN
Finance Associate Accounting and Finance 22,540 AZN
Finance Director Accounting and Finance 78,500 AZN
Finance Executive Accounting and Finance 53,660 AZN
Finance Licensing Clerk Accounting and Finance 19,640 AZN
Finance Licensing Manager Accounting and Finance 48,640 AZN
Finance Licensing Specialist Accounting and Finance 26,280 AZN
Finance Manager Accounting and Finance 73,020 AZN
Finance Officer Accounting and Finance 23,080 AZN
Finance President Accounting and Finance 80,920 AZN
Finance Relationship Manager Accounting and Finance 56,460 AZN
Finance Release Analyst Accounting and Finance 30,700 AZN
Finance Specialist Accounting and Finance 42,040 AZN
Finance Team Leader Accounting and Finance 57,440 AZN
Financial Accountant Accounting and Finance 25,940 AZN
Financial Actuary Accounting and Finance 38,620 AZN
Financial Administrator Accounting and Finance 44,800 AZN
Financial Advisor Accounting and Finance 46,400 AZN
Financial Analyst Accounting and Finance 46,880 AZN
Financial Applications Specialist Accounting and Finance 31,180 AZN
Financial Assistant Accounting and Finance 19,060 AZN
Financial Associate Accounting and Finance 20,500 AZN
Financial Associate Accounting and Finance 25,220 AZN
Financial Claims Analyst Accounting and Finance 34,120 AZN
Financial Claims Manager Accounting and Finance 46,040 AZN
Financial Claims Supervisor Accounting and Finance 38,780 AZN
Financial Clerk Accounting and Finance 20,120 AZN
Financial Commercial Analyst Accounting and Finance 36,700 AZN
Financial Compliance Analyst Accounting and Finance 42,320 AZN
Financial Consultant Accounting and Finance 33,980 AZN
Financial Controller Accounting and Finance 42,320 AZN
Financial Controller Accounting and Finance 43,360 AZN
Financial Coordinator Accounting and Finance 23,480 AZN
Financial Customer Service Manager Accounting and Finance 46,400 AZN
Financial Dealer and Broker Accounting and Finance 27,480 AZN
Financial Director Accounting and Finance 76,540 AZN
Financial Encoder Accounting and Finance 21,020 AZN
Financial Manager Accounting and Finance 66,960 AZN
Financial Manager Accounting and Finance 68,900 AZN
Financial Operations Manager Accounting and Finance 61,680 AZN
Financial Policy Analyst Accounting and Finance 40,240 AZN
Financial Project Manager Accounting and Finance 51,120 AZN
Financial Quantitative Analyst Accounting and Finance 43,340 AZN
Financial Reporting Consultant Accounting and Finance 36,700 AZN
Financial Reporting Manager Accounting and Finance 49,360 AZN
Financial Section Head Accounting and Finance 48,760 AZN
Financial Services Manager Accounting and Finance 61,680 AZN
Financial Services Sales Agent Accounting and Finance 28,720 AZN
Fixed Assets Administrator Accounting and Finance 24,720 AZN
Forensic Accountant Accounting and Finance 27,020 AZN
Fraud Detection Supervisor Accounting and Finance 31,940 AZN
Fraud Prevention Manager Accounting and Finance 51,340 AZN
Fund Accountant Accounting and Finance 26,020 AZN
Grants Coordinator Accounting and Finance 20,520 AZN
Group Financial Manager Accounting and Finance 78,940 AZN
Internal Auditor Accounting and Finance 34,480 AZN
Internal Control Adviser Accounting and Finance 40,560 AZN
Internal Control Officer Accounting and Finance 23,400 AZN
International Tax Director Accounting and Finance 57,860 AZN
Inventory Accountant Accounting and Finance 25,440 AZN
Investment Advisor Accounting and Finance 69,180 AZN
Investment Analyst Accounting and Finance 53,860 AZN
Investment Associate Accounting and Finance 45,060 AZN
Investment Broker Accounting and Finance 42,320 AZN
Investment Fund Manager Accounting and Finance 60,480 AZN
Investment Operations Manager Accounting and Finance 55,020 AZN
Investment Underwriter Accounting and Finance 21,980 AZN
Investor Accounting and Finance 33,960 AZN
Investor Relations Manager Accounting and Finance 51,340 AZN
KYC Team Leader Accounting and Finance 50,660 AZN
Loan Processor Accounting and Finance 19,160 AZN
Management Accountant Accounting and Finance 29,540 AZN
Management Economist Accounting and Finance 61,400 AZN
Paymaster Accounting and Finance 21,020 AZN
Payroll Administrator Accounting and Finance 33,980 AZN
Payroll Benefits Coordinator Accounting and Finance 26,660 AZN
Payroll Billing Manager Accounting and Finance 46,160 AZN
Payroll Clerk Accounting and Finance 24,280 AZN
Payroll Manager Accounting and Finance 46,280 AZN
Payroll Officer Accounting and Finance 22,420 AZN
Payroll Specialist Accounting and Finance 26,500 AZN
Payroll Supervisor Accounting and Finance 32,200 AZN
Pensions Administrator Accounting and Finance 29,040 AZN
Personal Financial Advisor Accounting and Finance 37,740 AZN
Pricing Analyst Accounting and Finance 38,780 AZN
Private Equity Analyst Accounting and Finance 46,040 AZN
Project Accountant Accounting and Finance 26,400 AZN
Proposal Development Coordinator Accounting and Finance 22,420 AZN
Receivables Accountant Accounting and Finance 24,280 AZN
Regulatory Accountant Accounting and Finance 30,800 AZN
Retirement Plan Analyst Accounting and Finance 39,560 AZN
Revenue Management Specialist Accounting and Finance 42,320 AZN
Revenue Recognition Analyst Accounting and Finance 45,580 AZN
Risk Management Director Accounting and Finance 61,680 AZN
Risk Management Supervisor Accounting and Finance 53,840 AZN
Staff Accountant Accounting and Finance 25,940 AZN
Tax Accountant Accounting and Finance 23,260 AZN
Tax Administrator Accounting and Finance 27,620 AZN
Tax Advisor Accounting and Finance 38,620 AZN
Tax Analyst Accounting and Finance 39,420 AZN
Tax Associate Accounting and Finance 22,420 AZN
Tax Consultant Accounting and Finance 44,300 AZN
Tax Director Accounting and Finance 56,460 AZN
Tax Examiner Accounting and Finance 26,500 AZN
Tax Manager Accounting and Finance 51,080 AZN
Tax Research Manager Accounting and Finance 50,520 AZN
Teller Accounting and Finance 17,020 AZN
Treasury Accountant Accounting and Finance 26,780 AZN
Treasury Analyst Accounting and Finance 43,080 AZN
Underwriter Accounting and Finance 19,200 AZN
Underwriting Assistant Accounting and Finance 17,560 AZN
Vice President of Finance Accounting and Finance 66,840 AZN

Salary Comparison by City

If you want to compare salaries with different cities in Azerbaijan, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Baku 21,560 AZN
Ganja 20,500 AZN
Sumqayit 17,760 AZN

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 Credit and Collection Staff Salary in Azerbaijan for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-credit-and-collection-staff-salary-in-azerbaijan/.

  • "Average Credit and Collection Staff Salary in Azerbaijan for 2024". World Salaries, https://worldsalaries.com/average-credit-and-collection-staff-salary-in-azerbaijan/. Accessed 28 March, 2024

  • Average Credit and Collection Staff Salary in Azerbaijan for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-credit-and-collection-staff-salary-in-azerbaijan/.