Average Credit Risk Associate Salary in Belarus for 2024

In this article, we will look at the average Credit Risk Associate salary for 2024 in Belarus 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 Belarusian ruble. To keep things simple, we are using the BYN currency code instead of the currency symbol Br.

How Much Does a Credit Risk Associate Make in Belarus?

A Credit Risk Associate working in Belarus will typically earn around 40,040 BYN per year, and this can range from the lowest average salary of about 21,020 BYN to the highest average salary of 64,300 BYN.

Average Annual Salary
40,040 BYN
Average Monthly Salary
3,336 BYN

Lowest Annual Salary
21,020 BYN
Lowest Monthly Salary
1,751 BYN

Highest Annual Salary
64,300 BYN
Highest Monthly Salary
5,358 BYN

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

Credit Risk Associate 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 Risk Associate Salaries in Belarus

So we've looked at the average salaries a Credit Risk Associate will earn in Belarus. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Credit Risk Associate can earn between 21,020 BYN and 64,300 BYN on average in Belarus. 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 Risk Associate in Belarus is 40,040 BYN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 40,040 BYN, and 50% of the population earn more than 40,040 BYN.

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 Risk Associate salary in Belarus, 25% of the population are earning less than 27,620 BYN while 75% of the population earn more than 27,620 BYN.

75% of the population earn less than 50,620 BYN, and 25% of the population earn more than 50,620 BYN.

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 Risk Associate Salary by Experience Level in Belarus

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 risk associate 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 Risk Associate in Belarus that has less than two years of experience can expect to earn somewhere in the region of 24,800 BYN.
  • 2 - 5 Years Experience. With two to five years of experience the average Credit Risk Associate salary would increase to 31,040 BYN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Credit Risk Associate, the average salary would be 45,060 BYN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 50,560 BYN.
  • 15 - 20 Years Experience. A Credit Risk Associate with 15 to 20 years of experience can earn an average of 55,840 BYN.
  • 20+ Years Experience. For a Credit Risk Associate with more than 20 years, the expected average salary increases to 58,720 BYN.

Average Salary by Experience Chart

0-2 Years
24,800 BYN
2-5 Years +32%
31,040 BYN
5-10 Years +34%
45,060 BYN
10-15 Years +19%
50,560 BYN
15-20 Years +8%
55,840 BYN
20+ Years +7%
58,720 BYN

Credit Risk Associate Salary by Education Level in Belarus

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 Risk Associate in Belarus 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 Risk Associate in Belarus with a bachelor's degree education can earn an average salary of 34,360 BYN.

  • Master's Degree. A Credit Risk Associate in Belarus with a master's degree education can earn an average salary of 56,140 BYN.

Average Salary by Education Chart

Bachelor's Degree
34,360 BYN
Master's Degree +58%
56,140 BYN

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 Belarus is around 14,700 to 44,000 BYN 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 Risk Associate 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 Belarus, a male credit risk associate will earn an average of 40,600 BYN, while a female credit risk associate will earn around 41,980 BYN.

This means that a male credit risk associate earns approximately 3% less than a female credit risk associate for performing the same job.

Average Salary by Gender Chart in Belarus

Male
40,600 BYN
Female +3%
41,980 BYN

Credit Risk Associate Average Pay Raise in Belarus

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 Risk Associate in Belarus is around 12% every 18 months.

The national average pay raise across all professions and industries in Belarus is around 8% every 19 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 = ( 12 ÷ 18 ) × 12  = 8%

What this means is that a Credit Risk Associate in Belarus can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Belarus for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Credit Risk Associate Bonus and Incentive Rates in Belarus

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 Risk Associate is a moderate bonus based job, with 52% of employees reporting at least one bonus in the last 12 months.

48% 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
52%
No Bonus
48%

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 Belarus earn approximately 13% more than private sector employees in the same role.

Public Sector
36,020 BYN
Private Sector -13%
31,980 BYN

Salaries for Jobs Similar to a Credit Risk Associate

In the table below, we have salary information for jobs that are similar to a Credit Risk Associate in Belarus.

Job Title Category Salary
AML Analyst Banking 52,300 BYN
Assistant Bank Branch Manager Banking 47,400 BYN
Assistant Bank Manager Banking 61,840 BYN
ATM Manager Banking 51,900 BYN
ATM Service Technician Banking 13,100 BYN
Bank Accounts Analyst Banking 21,640 BYN
Bank Accounts Collector Banking 13,060 BYN
Bank Accounts Controller Banking 29,540 BYN
Bank Accounts Executive Banking 39,640 BYN
Bank Accounts Manager Banking 46,400 BYN
Bank Auditing Manager Banking 44,540 BYN
Bank Branch Manager Banking 66,000 BYN
Bank Branch Operations Coordinator Banking 29,040 BYN
Bank Clerk Banking 13,540 BYN
Bank Client Service Associate Banking 19,220 BYN
Bank Collector Banking 13,780 BYN
Bank Compliance Specialist Banking 34,080 BYN
Bank Manager Banking 79,280 BYN
Bank Operational Risk Manager Banking 74,540 BYN
Bank Operations Head Banking 77,640 BYN
Bank Operations Officer Banking 31,400 BYN
Bank Operations Specialist Banking 46,280 BYN
Bank Process Manager Banking 41,660 BYN
Bank Product Manager Banking 50,080 BYN
Bank Programme Manager Banking 50,620 BYN
Bank Project Manager Banking 57,360 BYN
Bank Propositions Manager Banking 56,880 BYN
Bank Quantitative Analyst Banking 40,560 BYN
Bank Regional Manager Banking 80,840 BYN
Bank Regional Risk Officer Banking 39,960 BYN
Bank Relationship Manager Banking 55,940 BYN
Bank Relationship Officer Banking 27,380 BYN
Bank Teller Banking 14,620 BYN
Banker Banking 27,380 BYN
Banking Business Analyst Banking 41,700 BYN
Banking Business Development Officer Banking 25,220 BYN
Banking Business Planning Executive Banking 54,180 BYN
Banking Product Manager Banking 46,040 BYN
Banking Reference Data Manager Banking 43,080 BYN
Banking Risk Analyst Banking 39,960 BYN
Banking Technical Analyst Banking 21,380 BYN
Bankruptcy Coordinator Banking 29,040 BYN
Bill and Account Collector Banking 14,620 BYN
Budget Analyst Banking 39,420 BYN
Capital Risk Manager Banking 72,780 BYN
Cards Marketing Manager Banking 49,560 BYN
Cash Management Manager Banking 66,840 BYN
Check Processing Manager Banking 51,340 BYN
Commercial Vault Associate Banking 39,160 BYN
Corporate Banker Banking 28,720 BYN
Corporate Dealer Banking 42,400 BYN
Credit Analyst Banking 28,680 BYN
Credit and Collections Manager Banking 51,120 BYN
Credit Card Fraud Investigator Banking 42,400 BYN
Credit Portfolio Manager Banking 74,300 BYN
Credit Risk Analyst Banking 42,960 BYN
Direct Bank Sales Representative Banking 27,020 BYN
Exchange Control Consultant Banking 42,400 BYN
Executive Account Analyst Banking 40,240 BYN
Financial Bank Planning Consultant Banking 49,300 BYN
Financial Banking Analysis Manager Banking 57,320 BYN
Financial Banking Assistant Banking 20,120 BYN
Financial Banking Systems Manager Banking 54,700 BYN
Foreign Exchange Manager Banking 57,820 BYN
Fraud Analyst Banking 39,560 BYN
Fraud Detection Associate Banking 29,040 BYN
Fraud Detection Manager Banking 60,160 BYN
Fraud Detection Supervisor Banking 34,980 BYN
Internal Bank Audit Manager Banking 74,540 BYN
Internal Bank Auditor Banking 37,880 BYN
Internal Private Banker Banking 28,720 BYN
International Banking Manager Banking 78,420 BYN
Investment Banking Analyst Banking 58,520 BYN
Loan Analyst Banking 38,700 BYN
Loan Area Manager Banking 45,720 BYN
Loan Audit Team Leader Banking 44,720 BYN
Loan Branch Manager Banking 46,400 BYN
Loan Business Development Officer Banking 26,020 BYN
Loan Clerk Banking 14,620 BYN
Loan Collection and Recovery Manager Banking 48,140 BYN
Loan Collection Manager Banking 47,180 BYN
Loan Collector Banking 13,780 BYN
Loan Examiner Banking 17,860 BYN
Loan Officer Banking 13,100 BYN
Loan Processing Manager Banking 41,660 BYN
Loan Processor Banking 18,780 BYN
Loan Quality Assurance Auditor Banking 38,700 BYN
Loan Quality Assurance Manager Banking 46,400 BYN
Loan Quality Assurance Representative Banking 31,400 BYN
Loan Review Manager Banking 44,300 BYN
Loan Team Leader Banking 39,080 BYN
Loans Manager Banking 51,900 BYN
Mortgage Advisor Banking 29,040 BYN
Mortgage Collection Manager Banking 48,820 BYN
Mortgage Collector Banking 14,620 BYN
Mortgage Credit Analyst Banking 21,540 BYN
Mortgage Credit Manager Banking 43,260 BYN
Mortgage Development Manager Banking 51,080 BYN
Mortgage Document Reviewer Banking 15,700 BYN
Mortgage Funding Manager Banking 51,800 BYN
Mortgage Operations Manager Banking 72,180 BYN
Mortgage Payment Processing Clerk Banking 14,200 BYN
Mortgage Processing Manager Banking 41,480 BYN
Mortgage Processor Banking 18,780 BYN
Mortgage Quality Assurance Auditor Banking 36,020 BYN
Mortgage Quality Assurance Manager Banking 45,600 BYN
Mortgage Servicing Clerk Banking 11,880 BYN
Mortgage Servicing Manager Banking 45,560 BYN
Mortgage Underwriter Banking 16,720 BYN
Online Banking Manager Banking 66,140 BYN
Payment Processing Clerk Banking 12,620 BYN
Personal Banker Banking 28,720 BYN
Personal Banking Advisor Banking 30,700 BYN
Phone Banker Banking 18,900 BYN
Private Banker Banking 27,020 BYN
Reconciliation and Investigation Specialist Banking 33,960 BYN
Tax Officer Banking 22,400 BYN
Teller Banking 13,780 BYN
Trade Officer Banking 17,260 BYN
Trade Product Manager Banking 46,400 BYN
Trader Banking 18,900 BYN
Treasury Operations Officer Banking 34,480 BYN

Salary Comparison by City

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

City Average Salary
Babruysk 43,220 BYN
Baranovichi 40,240 BYN
Brest 42,320 BYN
Minsk 48,200 BYN
Mogilev 47,180 BYN
Vitebsk 43,340 BYN

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