Average Credit and Collections Manager Salary in Angola for 2024

In this article, we will look at the average Credit and Collections Manager salary for 2024 in Angola 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 Angolan kwanza. To keep things simple, we are using the AOA currency code instead of the currency symbol Kz.

How Much Does a Credit and Collections Manager Make in Angola?

A Credit and Collections Manager working in Angola will typically earn around 4,822,700 AOA per year, and this can range from the lowest average salary of about 2,221,600 AOA to the highest average salary of 7,669,900 AOA.

Average Annual Salary
4,822,700 AOA
Average Monthly Salary
401,891 AOA

Lowest Annual Salary
2,221,600 AOA
Lowest Monthly Salary
185,133 AOA

Highest Annual Salary
7,669,900 AOA
Highest Monthly Salary
639,158 AOA

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

Credit and Collections Manager 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 Collections Manager Salaries in Angola

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

Salary ranges

We already know that a Credit and Collections Manager can earn between 2,221,600 AOA and 7,669,900 AOA on average in Angola. 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 Collections Manager in Angola is 5,209,200 AOA. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 5,209,200 AOA, and 50% of the population earn more than 5,209,200 AOA.

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 Collections Manager salary in Angola, 25% of the population are earning less than 3,335,900 AOA while 75% of the population earn more than 3,335,900 AOA.

75% of the population earn less than 6,947,800 AOA, and 25% of the population earn more than 6,947,800 AOA.

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 Collections Manager Salary by Experience Level in Angola

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 collections manager 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 Collections Manager in Angola that has less than two years of experience can expect to earn somewhere in the region of 2,519,500 AOA.
  • 2 - 5 Years Experience. With two to five years of experience the average Credit and Collections Manager salary would increase to 3,359,900 AOA.
  • 5 - 10 Years Experience. From five to ten years of experience as a Credit and Collections Manager, the average salary would be 4,966,200 AOA.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 6,058,300 AOA.
  • 15 - 20 Years Experience. A Credit and Collections Manager with 15 to 20 years of experience can earn an average of 6,600,900 AOA.
  • 20+ Years Experience. For a Credit and Collections Manager with more than 20 years, the expected average salary increases to 7,140,500 AOA.

Average Salary by Experience Chart

0-2 Years
2,519,500 AOA
2-5 Years +34%
3,359,900 AOA
5-10 Years +48%
4,966,200 AOA
10-15 Years +22%
6,058,300 AOA
15-20 Years +9%
6,600,900 AOA
20+ Years +8%
7,140,500 AOA

Credit and Collections Manager Salary by Education Level in Angola

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 Collections Manager in Angola 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 and Collections Manager in Angola with a bachelor's degree education can earn an average salary of 2,928,100 AOA.

  • Master's Degree. A Credit and Collections Manager in Angola with a master's degree education can earn an average salary of 5,651,400 AOA.

Average Salary by Education Chart

Bachelor's Degree
2,928,100 AOA
Master's Degree +93%
5,651,400 AOA

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 Angola is around 1,310,000 to 3,920,000 AOA 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 Collections Manager 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 Angola, a male credit and collections manager will earn an average of 5,256,700 AOA, while a female credit and collections manager will earn around 4,380,400 AOA.

This means that a male credit and collections manager earns approximately 20% more than a female credit and collections manager for performing the same job.

Average Salary by Gender Chart in Angola

Male
5,256,700 AOA
Female -20%
4,380,400 AOA

Credit and Collections Manager Average Pay Raise in Angola

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 Collections Manager in Angola is around 11% every 20 months.

The national average pay raise across all professions and industries in Angola 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 = ( 11 ÷ 20 ) × 12  = 7%

What this means is that a Credit and Collections Manager in Angola can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Angola for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Credit and Collections Manager Bonus and Incentive Rates in Angola

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 Collections Manager is a high bonus based job, with 81% of employees reporting at least one bonus in the last 12 months.

19% 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 5% to 9%.

Received Bonus
81%
No Bonus
19%

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 Angola earn approximately 8% more than private sector employees in the same role.

Public Sector
3,299,800 AOA
Private Sector -8%
3,047,800 AOA

Salaries for Jobs Similar to a Credit and Collections Manager

In the table below, we have salary information for jobs that are similar to a Credit and Collections Manager in Angola.

Job Title Category Salary
AML Analyst Banking 4,956,800 AOA
Assistant Bank Branch Manager Banking 4,439,200 AOA
Assistant Bank Manager Banking 5,614,600 AOA
ATM Manager Banking 4,777,400 AOA
ATM Service Technician Banking 1,333,900 AOA
Bank Accounts Analyst Banking 1,990,300 AOA
Bank Accounts Collector Banking 1,198,200 AOA
Bank Accounts Controller Banking 2,374,400 AOA
Bank Accounts Executive Banking 3,539,100 AOA
Bank Accounts Manager Banking 4,140,900 AOA
Bank Auditing Manager Banking 4,309,300 AOA
Bank Branch Manager Banking 6,011,900 AOA
Bank Branch Operations Coordinator Banking 2,533,800 AOA
Bank Clerk Banking 1,097,500 AOA
Bank Client Service Associate Banking 1,583,700 AOA
Bank Collector Banking 1,168,300 AOA
Bank Compliance Specialist Banking 3,023,200 AOA
Bank Manager Banking 7,045,600 AOA
Bank Operational Risk Manager Banking 6,613,100 AOA
Bank Operations Head Banking 7,105,200 AOA
Bank Operations Officer Banking 2,711,900 AOA
Bank Operations Specialist Banking 4,429,300 AOA
Bank Process Manager Banking 3,984,100 AOA
Bank Product Manager Banking 4,548,600 AOA
Bank Programme Manager Banking 4,846,300 AOA
Bank Project Manager Banking 5,639,700 AOA
Bank Propositions Manager Banking 5,003,800 AOA
Bank Quantitative Analyst Banking 3,455,900 AOA
Bank Regional Manager Banking 7,236,200 AOA
Bank Regional Risk Officer Banking 3,577,600 AOA
Bank Relationship Manager Banking 5,340,600 AOA
Bank Relationship Officer Banking 2,266,400 AOA
Bank Teller Banking 1,175,700 AOA
Banker Banking 2,447,200 AOA
Banking Business Analyst Banking 3,622,400 AOA
Banking Business Development Officer Banking 2,146,100 AOA
Banking Business Planning Executive Banking 5,221,800 AOA
Banking Product Manager Banking 4,332,900 AOA
Banking Reference Data Manager Banking 3,898,100 AOA
Banking Risk Analyst Banking 3,706,100 AOA
Banking Technical Analyst Banking 1,980,600 AOA
Bankruptcy Coordinator Banking 2,653,700 AOA
Bill and Account Collector Banking 1,212,800 AOA
Budget Analyst Banking 3,685,200 AOA
Capital Risk Manager Banking 6,947,800 AOA
Cards Marketing Manager Banking 4,690,500 AOA
Cash Management Manager Banking 6,035,400 AOA
Check Processing Manager Banking 4,499,000 AOA
Commercial Vault Associate Banking 3,481,100 AOA
Corporate Banker Banking 2,485,800 AOA
Corporate Dealer Banking 3,850,500 AOA
Credit Analyst Banking 2,759,700 AOA
Credit Card Fraud Investigator Banking 3,718,600 AOA
Credit Portfolio Manager Banking 6,660,500 AOA
Credit Risk Analyst Banking 3,934,900 AOA
Credit Risk Associate Banking 3,970,700 AOA
Direct Bank Sales Representative Banking 2,566,100 AOA
Exchange Control Consultant Banking 3,792,300 AOA
Executive Account Analyst Banking 3,444,200 AOA
Financial Bank Planning Consultant Banking 4,548,600 AOA
Financial Banking Analysis Manager Banking 5,399,900 AOA
Financial Banking Assistant Banking 1,765,300 AOA
Financial Banking Systems Manager Banking 5,076,600 AOA
Foreign Exchange Manager Banking 5,461,900 AOA
Fraud Analyst Banking 3,817,500 AOA
Fraud Detection Associate Banking 2,471,700 AOA
Fraud Detection Manager Banking 5,305,100 AOA
Fraud Detection Supervisor Banking 2,998,500 AOA
Internal Bank Audit Manager Banking 6,347,100 AOA
Internal Bank Auditor Banking 3,395,900 AOA
Internal Private Banker Banking 2,605,500 AOA
International Banking Manager Banking 7,236,200 AOA
Investment Banking Analyst Banking 5,232,400 AOA
Loan Analyst Banking 3,373,200 AOA
Loan Area Manager Banking 4,548,600 AOA
Loan Audit Team Leader Banking 4,260,400 AOA
Loan Branch Manager Banking 3,840,400 AOA
Loan Business Development Officer Banking 2,086,500 AOA
Loan Clerk Banking 1,224,800 AOA
Loan Collection and Recovery Manager Banking 4,224,200 AOA
Loan Collection Manager Banking 4,187,600 AOA
Loan Collector Banking 1,159,900 AOA
Loan Examiner Banking 1,560,800 AOA
Loan Officer Banking 1,369,700 AOA
Loan Processing Manager Banking 3,863,700 AOA
Loan Processor Banking 1,632,100 AOA
Loan Quality Assurance Auditor Banking 3,685,200 AOA
Loan Quality Assurance Manager Banking 4,129,300 AOA
Loan Quality Assurance Representative Banking 2,773,700 AOA
Loan Review Manager Banking 4,201,000 AOA
Loan Team Leader Banking 3,781,400 AOA
Loans Manager Banking 4,991,200 AOA
Mortgage Advisor Banking 2,374,400 AOA
Mortgage Collection Manager Banking 4,032,100 AOA
Mortgage Collector Banking 1,132,900 AOA
Mortgage Credit Analyst Banking 1,846,200 AOA
Mortgage Credit Manager Banking 3,925,200 AOA
Mortgage Development Manager Banking 4,524,400 AOA
Mortgage Document Reviewer Banking 1,547,500 AOA
Mortgage Funding Manager Banking 4,642,200 AOA
Mortgage Operations Manager Banking 6,420,700 AOA
Mortgage Payment Processing Clerk Banking 1,428,800 AOA
Mortgage Processing Manager Banking 4,129,300 AOA
Mortgage Processor Banking 1,632,100 AOA
Mortgage Quality Assurance Auditor Banking 3,359,900 AOA
Mortgage Quality Assurance Manager Banking 3,875,100 AOA
Mortgage Servicing Clerk Banking 1,273,300 AOA
Mortgage Servicing Manager Banking 4,067,600 AOA
Mortgage Underwriter Banking 1,464,200 AOA
Online Banking Manager Banking 6,193,900 AOA
Payment Processing Clerk Banking 1,273,300 AOA
Personal Banker Banking 2,519,500 AOA
Personal Banking Advisor Banking 2,662,900 AOA
Phone Banker Banking 1,668,900 AOA
Private Banker Banking 2,617,900 AOA
Reconciliation and Investigation Specialist Banking 2,819,600 AOA
Tax Officer Banking 2,242,500 AOA
Teller Banking 1,259,300 AOA
Trade Officer Banking 1,524,300 AOA
Trade Product Manager Banking 3,984,100 AOA
Trader Banking 1,678,300 AOA
Treasury Operations Officer Banking 3,035,200 AOA

Salary Comparison by City

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

City Average Salary
Benguela 4,403,400 AOA
Cabinda 4,488,100 AOA
Huambo 4,846,300 AOA
Lobito 4,703,900 AOA
Luanda 5,507,100 AOA
Lubango 4,488,100 AOA

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 Collections Manager Salary in Angola for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-credit-and-collections-manager-salary-in-angola/.

  • "Average Credit and Collections Manager Salary in Angola for 2024". World Salaries, https://worldsalaries.com/average-credit-and-collections-manager-salary-in-angola/. Accessed 28 March, 2024

  • Average Credit and Collections Manager Salary in Angola for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-credit-and-collections-manager-salary-in-angola/.