Average Credit Risk Associate Salary in Bhutan for 2024

In this article, we will look at the average Credit Risk Associate salary for 2024 in Bhutan 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 Bhutanese ngultrum. To keep things simple, we are using the BTN currency code instead of the currency symbol Nu..

How Much Does a Credit Risk Associate Make in Bhutan?

A Credit Risk Associate working in Bhutan will typically earn around 507,300 BTN per year, and this can range from the lowest average salary of about 259,100 BTN to the highest average salary of 780,600 BTN.

Average Annual Salary
507,300 BTN
Average Monthly Salary
42,275 BTN

Lowest Annual Salary
259,100 BTN
Lowest Monthly Salary
21,591 BTN

Highest Annual Salary
780,600 BTN
Highest Monthly Salary
65,050 BTN

These are average salaries for a Credit Risk Associate in Bhutan 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 Bhutan

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

Salary ranges

We already know that a Credit Risk Associate can earn between 259,100 BTN and 780,600 BTN on average in Bhutan. 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 Bhutan is 499,300 BTN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 499,300 BTN, and 50% of the population earn more than 499,300 BTN.

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 Bhutan, 25% of the population are earning less than 340,400 BTN while 75% of the population earn more than 340,400 BTN.

75% of the population earn less than 626,800 BTN, and 25% of the population earn more than 626,800 BTN.

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 Bhutan

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 Bhutan that has less than two years of experience can expect to earn somewhere in the region of 288,700 BTN.
  • 2 - 5 Years Experience. With two to five years of experience the average Credit Risk Associate salary would increase to 378,800 BTN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Credit Risk Associate, the average salary would be 529,600 BTN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 639,100 BTN.
  • 15 - 20 Years Experience. A Credit Risk Associate with 15 to 20 years of experience can earn an average of 693,100 BTN.
  • 20+ Years Experience. For a Credit Risk Associate with more than 20 years, the expected average salary increases to 746,600 BTN.

Average Salary by Experience Chart

0-2 Years
288,700 BTN
2-5 Years +31%
378,800 BTN
5-10 Years +40%
529,600 BTN
10-15 Years +20%
639,100 BTN
15-20 Years +9%
693,100 BTN
20+ Years +8%
746,600 BTN

Credit Risk Associate Salary by Education Level in Bhutan

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 Bhutan 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 Bhutan with a bachelor's degree education can earn an average salary of 359,900 BTN.

  • Master's Degree. A Credit Risk Associate in Bhutan with a master's degree education can earn an average salary of 633,300 BTN.

Average Salary by Education Chart

Bachelor's Degree
359,900 BTN
Master's Degree +77%
633,300 BTN

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 Bhutan is around 186,000 to 559,000 BTN 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 Bhutan, a male credit risk associate will earn an average of 545,300 BTN, while a female credit risk associate will earn around 472,000 BTN.

This means that a male credit risk associate earns approximately 16% more than a female credit risk associate for performing the same job.

Average Salary by Gender Chart in Bhutan

Male
545,300 BTN
Female -16%
472,000 BTN

Credit Risk Associate Average Pay Raise in Bhutan

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 Bhutan is around 8% every 28 months.

The national average pay raise across all professions and industries in Bhutan 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 = ( 8 ÷ 28 ) × 12  = 3%

What this means is that a Credit Risk Associate in Bhutan can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Bhutan for 2024

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

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 Risk Associate Bonus and Incentive Rates in Bhutan

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 low bonus based job, with 37% of employees reporting at least one bonus in the last 12 months.

63% 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
37%
No Bonus
63%

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 Bhutan earn approximately 11% more than private sector employees in the same role.

Public Sector
478,000 BTN
Private Sector -11%
431,300 BTN

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 Bhutan.

Job Title Category Salary
AML Analyst Banking 721,600 BTN
Assistant Bank Branch Manager Banking 598,600 BTN
Assistant Bank Manager Banking 751,100 BTN
ATM Manager Banking 650,700 BTN
ATM Service Technician Banking 183,700 BTN
Bank Accounts Analyst Banking 252,300 BTN
Bank Accounts Collector Banking 159,400 BTN
Bank Accounts Controller Banking 332,500 BTN
Bank Accounts Executive Banking 504,500 BTN
Bank Accounts Manager Banking 600,000 BTN
Bank Auditing Manager Banking 607,400 BTN
Bank Branch Manager Banking 798,900 BTN
Bank Branch Operations Coordinator Banking 362,200 BTN
Bank Clerk Banking 150,000 BTN
Bank Client Service Associate Banking 228,500 BTN
Bank Collector Banking 159,400 BTN
Bank Compliance Specialist Banking 417,100 BTN
Bank Manager Banking 931,700 BTN
Bank Operational Risk Manager Banking 923,000 BTN
Bank Operations Head Banking 998,400 BTN
Bank Operations Officer Banking 383,300 BTN
Bank Operations Specialist Banking 595,300 BTN
Bank Process Manager Banking 552,400 BTN
Bank Product Manager Banking 589,400 BTN
Bank Programme Manager Banking 656,800 BTN
Bank Project Manager Banking 751,100 BTN
Bank Propositions Manager Banking 689,900 BTN
Bank Quantitative Analyst Banking 496,100 BTN
Bank Regional Manager Banking 946,800 BTN
Bank Regional Risk Officer Banking 504,300 BTN
Bank Relationship Manager Banking 712,100 BTN
Bank Relationship Officer Banking 317,700 BTN
Bank Teller Banking 172,200 BTN
Banker Banking 332,500 BTN
Banking Business Analyst Banking 507,300 BTN
Banking Business Development Officer Banking 307,400 BTN
Banking Business Planning Executive Banking 718,000 BTN
Banking Product Manager Banking 605,700 BTN
Banking Reference Data Manager Banking 533,100 BTN
Banking Risk Analyst Banking 483,400 BTN
Banking Technical Analyst Banking 266,000 BTN
Bankruptcy Coordinator Banking 365,400 BTN
Bill and Account Collector Banking 175,900 BTN
Budget Analyst Banking 504,500 BTN
Capital Risk Manager Banking 923,000 BTN
Cards Marketing Manager Banking 595,300 BTN
Cash Management Manager Banking 874,900 BTN
Check Processing Manager Banking 664,500 BTN
Commercial Vault Associate Banking 478,100 BTN
Corporate Banker Banking 362,200 BTN
Corporate Dealer Banking 504,300 BTN
Credit Analyst Banking 389,200 BTN
Credit and Collections Manager Banking 693,100 BTN
Credit Card Fraud Investigator Banking 492,400 BTN
Credit Portfolio Manager Banking 888,400 BTN
Credit Risk Analyst Banking 533,100 BTN
Direct Bank Sales Representative Banking 344,600 BTN
Exchange Control Consultant Banking 528,600 BTN
Executive Account Analyst Banking 478,000 BTN
Financial Bank Planning Consultant Banking 641,900 BTN
Financial Banking Analysis Manager Banking 754,900 BTN
Financial Banking Assistant Banking 228,500 BTN
Financial Banking Systems Manager Banking 664,500 BTN
Foreign Exchange Manager Banking 728,500 BTN
Fraud Analyst Banking 519,300 BTN
Fraud Detection Associate Banking 369,300 BTN
Fraud Detection Manager Banking 739,500 BTN
Fraud Detection Supervisor Banking 415,900 BTN
Internal Bank Audit Manager Banking 909,300 BTN
Internal Bank Auditor Banking 498,500 BTN
Internal Private Banker Banking 351,200 BTN
International Banking Manager Banking 971,200 BTN
Investment Banking Analyst Banking 706,200 BTN
Loan Analyst Banking 492,700 BTN
Loan Area Manager Banking 592,600 BTN
Loan Audit Team Leader Banking 553,400 BTN
Loan Branch Manager Banking 563,000 BTN
Loan Business Development Officer Banking 312,400 BTN
Loan Clerk Banking 167,100 BTN
Loan Collection and Recovery Manager Banking 598,600 BTN
Loan Collection Manager Banking 585,900 BTN
Loan Collector Banking 167,100 BTN
Loan Examiner Banking 207,700 BTN
Loan Officer Banking 192,000 BTN
Loan Processing Manager Banking 524,300 BTN
Loan Processor Banking 225,300 BTN
Loan Quality Assurance Auditor Banking 519,300 BTN
Loan Quality Assurance Manager Banking 535,800 BTN
Loan Quality Assurance Representative Banking 366,200 BTN
Loan Review Manager Banking 565,100 BTN
Loan Team Leader Banking 519,300 BTN
Loans Manager Banking 633,300 BTN
Mortgage Advisor Banking 330,700 BTN
Mortgage Collection Manager Banking 571,300 BTN
Mortgage Collector Banking 161,600 BTN
Mortgage Credit Analyst Banking 273,300 BTN
Mortgage Credit Manager Banking 533,100 BTN
Mortgage Development Manager Banking 625,000 BTN
Mortgage Document Reviewer Banking 217,900 BTN
Mortgage Funding Manager Banking 664,500 BTN
Mortgage Operations Manager Banking 821,500 BTN
Mortgage Payment Processing Clerk Banking 187,500 BTN
Mortgage Processing Manager Banking 543,200 BTN
Mortgage Processor Banking 221,500 BTN
Mortgage Quality Assurance Auditor Banking 492,700 BTN
Mortgage Quality Assurance Manager Banking 580,600 BTN
Mortgage Servicing Clerk Banking 172,200 BTN
Mortgage Servicing Manager Banking 565,100 BTN
Mortgage Underwriter Banking 200,000 BTN
Online Banking Manager Banking 847,000 BTN
Payment Processing Clerk Banking 175,900 BTN
Personal Banker Banking 341,900 BTN
Personal Banking Advisor Banking 359,900 BTN
Phone Banker Banking 239,000 BTN
Private Banker Banking 369,300 BTN
Reconciliation and Investigation Specialist Banking 389,200 BTN
Tax Officer Banking 283,700 BTN
Teller Banking 172,200 BTN
Trade Officer Banking 197,600 BTN
Trade Product Manager Banking 588,500 BTN
Trader Banking 253,400 BTN
Treasury Operations Officer Banking 430,500 BTN

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