Average Financial Claims Manager Salary in Nepal for 2024

In this article, we will look at the average Financial Claims Manager salary for 2024 in Nepal 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 Nepalese rupee. To keep things simple, we are using the NPR currency code instead of the currency symbol โ‚จ.

How Much Does a Financial Claims Manager Make in Nepal?

A Financial Claims Manager working in Nepal will typically earn around 1,180,700 NPR per year, and this can range from the lowest average salary of about 544,800 NPR to the highest average salary of 1,870,400 NPR.

Average Annual Salary
1,180,700 NPR
Average Monthly Salary
98,391 NPR

Lowest Annual Salary
544,800 NPR
Lowest Monthly Salary
45,400 NPR

Highest Annual Salary
1,870,400 NPR
Highest Monthly Salary
155,866 NPR

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

Financial Claims 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 Financial Claims Manager Salaries in Nepal

So we've looked at the average salaries a Financial Claims Manager will earn in Nepal. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Financial Claims Manager can earn between 544,800 NPR and 1,870,400 NPR on average in Nepal. 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 Financial Claims Manager in Nepal is 1,273,300 NPR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,273,300 NPR, and 50% of the population earn more than 1,273,300 NPR.

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 Financial Claims Manager salary in Nepal, 25% of the population are earning less than 816,900 NPR while 75% of the population earn more than 816,900 NPR.

75% of the population earn less than 1,703,200 NPR, and 25% of the population earn more than 1,703,200 NPR.

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.

Financial Claims Manager Salary by Experience Level in Nepal

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 financial claims 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 Financial Claims Manager in Nepal that has less than two years of experience can expect to earn somewhere in the region of 615,300 NPR.
  • 2 - 5 Years Experience. With two to five years of experience the average Financial Claims Manager salary would increase to 821,500 NPR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Financial Claims Manager, the average salary would be 1,212,800 NPR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,487,200 NPR.
  • 15 - 20 Years Experience. A Financial Claims Manager with 15 to 20 years of experience can earn an average of 1,621,400 NPR.
  • 20+ Years Experience. For a Financial Claims Manager with more than 20 years, the expected average salary increases to 1,751,700 NPR.

Average Salary by Experience Chart

0-2 Years
615,300 NPR
2-5 Years +34%
821,500 NPR
5-10 Years +48%
1,212,800 NPR
10-15 Years +22%
1,487,200 NPR
15-20 Years +9%
1,621,400 NPR
20+ Years +8%
1,751,700 NPR

Financial Claims Manager Salary by Education Level in Nepal

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 Financial Claims Manager in Nepal based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. A Financial Claims Manager in Nepal with a certificate or diploma education can earn an average salary of 704,300 NPR.

  • Bachelor's Degree. A Financial Claims Manager in Nepal with a bachelor's degree education can earn an average salary of 1,104,400 NPR.

  • Master's Degree. A Financial Claims Manager in Nepal with a master's degree education can earn an average salary of 1,846,200 NPR.

Average Salary by Education Chart

Certificate or Diploma
704,300 NPR
Bachelor's Degree +57%
1,104,400 NPR
Master's Degree +68%
1,846,200 NPR

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 Nepal is around 404,000 to 1,210,000 NPR 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.

Financial Claims 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 Nepal, a male financial claims manager will earn an average of 1,259,300 NPR, while a female financial claims manager will earn around 1,102,100 NPR.

This means that a male financial claims manager earns approximately 14% more than a female financial claims manager for performing the same job.

Average Salary by Gender Chart in Nepal

Male
1,259,300 NPR
Female -14%
1,102,100 NPR

Financial Claims Manager Average Pay Raise in Nepal

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 Financial Claims Manager in Nepal is around 7% every 29 months.

The national average pay raise across all professions and industries in Nepal 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 = ( 7 ÷ 29 ) × 12  = 3%

What this means is that a Financial Claims Manager in Nepal can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Nepal for 2024

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

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%

Financial Claims Manager Bonus and Incentive Rates in Nepal

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 Financial Claims Manager is a moderate bonus based job, with 67% of employees reporting at least one bonus in the last 12 months.

33% 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
67%
No Bonus
33%

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

Public Sector
1,037,600 NPR
Private Sector -11%
939,000 NPR

Salaries for Jobs Similar to a Financial Claims Manager

In the table below, we have salary information for jobs that are similar to a Financial Claims Manager in Nepal.

Job Title Category Salary
Account Examiner Accounting and Finance 492,700 NPR
Account Executive Accounting and Finance 836,800 NPR
Accountant Accounting and Finance 695,200 NPR
Accounting Analyst Accounting and Finance 840,100 NPR
Accounting Assistant Accounting and Finance 519,300 NPR
Accounting Associate Accounting and Finance 476,600 NPR
Accounting Clerk Accounting and Finance 411,400 NPR
Accounting Coordinator Accounting and Finance 592,600 NPR
Accounting Head Accounting and Finance 1,320,500 NPR
Accounting Manager Accounting and Finance 1,440,700 NPR
Accounting Officer Accounting and Finance 483,400 NPR
Accounting Specialist Accounting and Finance 931,900 NPR
Accounting Supervisor Accounting and Finance 917,200 NPR
Accounting Technician Accounting and Finance 472,000 NPR
Accounting Unit Controller Accounting and Finance 1,088,600 NPR
Accounts Executive Accounting and Finance 889,400 NPR
Accounts Officer Accounting and Finance 510,200 NPR
Accounts Payable and Receivable Specialist Accounting and Finance 706,200 NPR
Accounts Payable Assistant Accounting and Finance 566,900 NPR
Accounts Payable Associate Accounting and Finance 637,500 NPR
Accounts Payable Clerk Accounting and Finance 480,600 NPR
Accounts Payable Manager Accounting and Finance 1,345,400 NPR
Accounts Receivable Administrator Accounting and Finance 974,600 NPR
Accounts Receivable Clerk Accounting and Finance 480,300 NPR
Accounts Receivable Financial Analyst Accounting and Finance 953,200 NPR
Accounts Receivable Manager Accounting and Finance 1,320,500 NPR
Accounts Receivable Team Leader Accounting and Finance 996,600 NPR
Assistant Accountant Accounting and Finance 492,700 NPR
Assistant Accounting Manager Accounting and Finance 1,259,300 NPR
Assistant Auditor Accounting and Finance 683,400 NPR
Assistant Corporate Controller Accounting and Finance 939,000 NPR
Assistant Finance Manager Accounting and Finance 1,440,700 NPR
Assistant Financial Controller Accounting and Finance 890,100 NPR
Audit Director Accounting and Finance 1,487,200 NPR
Audit Supervisor Accounting and Finance 1,189,900 NPR
Auditing Clerk Accounting and Finance 510,200 NPR
Auditing Manager Accounting and Finance 1,357,900 NPR
Billing Clerk Accounting and Finance 507,300 NPR
Billing Coordinator Accounting and Finance 638,700 NPR
Billing Specialist Accounting and Finance 745,000 NPR
Billing Supervisor Accounting and Finance 1,054,900 NPR
Bookkeeper Accounting and Finance 430,500 NPR
Bookkeeping Specialist Accounting and Finance 645,800 NPR
Budget Analyst Accounting and Finance 1,187,900 NPR
Budget Manager Accounting and Finance 1,357,900 NPR
Business Support Analyst Accounting and Finance 768,900 NPR
Capital Markets Associate Accounting and Finance 1,035,500 NPR
Cash Flow Analyst Accounting and Finance 1,043,700 NPR
Cash Management Manager Accounting and Finance 1,296,900 NPR
Cash Management Officer Accounting and Finance 794,900 NPR
Cashbook Clerk Accounting and Finance 455,400 NPR
Chartered Accountant Accounting and Finance 840,100 NPR
Chief Accountant Accounting and Finance 971,200 NPR
Collections Clerk Accounting and Finance 433,800 NPR
Collections Representative Accounting and Finance 598,600 NPR
Collections Specialist Accounting and Finance 712,100 NPR
Corporate Controller Accounting and Finance 1,117,800 NPR
Corporate Treasurer Accounting and Finance 1,333,900 NPR
Cost Accountant Accounting and Finance 677,100 NPR
Cost Accounting Manager Accounting and Finance 1,320,500 NPR
Cost Accounting Supervisor Accounting and Finance 1,043,600 NPR
Cost Analyst Accounting and Finance 1,112,300 NPR
Credit and Collection Manager Accounting and Finance 1,306,100 NPR
Credit and Collection Staff Accounting and Finance 492,700 NPR
Credit and Loans Officer Accounting and Finance 480,300 NPR
Credit Controller Accounting and Finance 902,100 NPR
Credit Manager Accounting and Finance 1,450,700 NPR
Debt Adviser Accounting and Finance 1,075,700 NPR
Debt Collector Accounting and Finance 551,200 NPR
Debtors Clerk Accounting and Finance 447,700 NPR
Debtors Controller Accounting and Finance 483,400 NPR
Deputy CFO Accounting and Finance 1,800,200 NPR
Deputy Head of Finance Accounting and Finance 1,811,000 NPR
Derivative Trader Accounting and Finance 1,141,600 NPR
Director of Finance Accounting and Finance 1,908,800 NPR
Economist Accounting and Finance 1,594,500 NPR
Equity Analyst Accounting and Finance 1,162,900 NPR
Escrow Assistant Accounting and Finance 596,100 NPR
Executive Accountant Accounting and Finance 765,100 NPR
External Auditor Accounting and Finance 964,000 NPR
Finance Administrator Accounting and Finance 795,700 NPR
Finance Analyst Accounting and Finance 1,180,700 NPR
Finance Associate Accounting and Finance 563,300 NPR
Finance Director Accounting and Finance 2,015,600 NPR
Finance Executive Accounting and Finance 1,464,200 NPR
Finance Licensing Clerk Accounting and Finance 485,200 NPR
Finance Licensing Manager Accounting and Finance 1,357,900 NPR
Finance Licensing Specialist Accounting and Finance 728,500 NPR
Finance Manager Accounting and Finance 1,825,000 NPR
Finance Officer Accounting and Finance 675,200 NPR
Finance President Accounting and Finance 1,942,700 NPR
Finance Relationship Manager Accounting and Finance 1,537,500 NPR
Finance Release Analyst Accounting and Finance 751,700 NPR
Finance Specialist Accounting and Finance 1,133,900 NPR
Finance Team Leader Accounting and Finance 1,487,200 NPR
Financial Accountant Accounting and Finance 646,600 NPR
Financial Actuary Accounting and Finance 1,050,100 NPR
Financial Administrator Accounting and Finance 1,089,400 NPR
Financial Advisor Accounting and Finance 1,182,400 NPR
Financial Analyst Accounting and Finance 1,235,600 NPR
Financial Applications Specialist Accounting and Finance 858,100 NPR
Financial Assistant Accounting and Finance 524,300 NPR
Financial Associate Accounting and Finance 571,300 NPR
Financial Associate Accounting and Finance 656,800 NPR
Financial Claims Analyst Accounting and Finance 938,100 NPR
Financial Claims Supervisor Accounting and Finance 1,154,300 NPR
Financial Clerk Accounting and Finance 541,700 NPR
Financial Commercial Analyst Accounting and Finance 1,025,100 NPR
Financial Compliance Analyst Accounting and Finance 1,050,100 NPR
Financial Consultant Accounting and Finance 882,400 NPR
Financial Controller Accounting and Finance 1,080,200 NPR
Financial Controller Accounting and Finance 1,091,600 NPR
Financial Coordinator Accounting and Finance 592,600 NPR
Financial Customer Service Manager Accounting and Finance 1,224,800 NPR
Financial Dealer and Broker Accounting and Finance 707,600 NPR
Financial Director Accounting and Finance 2,038,500 NPR
Financial Encoder Accounting and Finance 552,400 NPR
Financial Manager Accounting and Finance 1,800,200 NPR
Financial Manager Accounting and Finance 1,921,500 NPR
Financial Operations Manager Accounting and Finance 1,765,300 NPR
Financial Policy Analyst Accounting and Finance 1,104,400 NPR
Financial Project Manager Accounting and Finance 1,369,700 NPR
Financial Quantitative Analyst Accounting and Finance 1,162,300 NPR
Financial Reporting Consultant Accounting and Finance 1,007,400 NPR
Financial Reporting Manager Accounting and Finance 1,357,900 NPR
Financial Section Head Accounting and Finance 1,320,500 NPR
Financial Services Manager Accounting and Finance 1,655,500 NPR
Financial Services Sales Agent Accounting and Finance 747,400 NPR
Fixed Assets Administrator Accounting and Finance 719,100 NPR
Forensic Accountant Accounting and Finance 778,200 NPR
Fraud Detection Supervisor Accounting and Finance 862,400 NPR
Fraud Prevention Manager Accounting and Finance 1,369,700 NPR
Fund Accountant Accounting and Finance 671,000 NPR
Grants Coordinator Accounting and Finance 492,400 NPR
Group Financial Manager Accounting and Finance 2,003,200 NPR
Internal Auditor Accounting and Finance 874,900 NPR
Internal Control Adviser Accounting and Finance 1,104,400 NPR
Internal Control Officer Accounting and Finance 581,000 NPR
International Tax Director Accounting and Finance 1,621,400 NPR
Inventory Accountant Accounting and Finance 736,700 NPR
Investment Advisor Accounting and Finance 1,788,300 NPR
Investment Analyst Accounting and Finance 1,391,600 NPR
Investment Associate Accounting and Finance 1,154,300 NPR
Investment Broker Accounting and Finance 1,125,300 NPR
Investment Fund Manager Accounting and Finance 1,464,200 NPR
Investment Operations Manager Accounting and Finance 1,570,900 NPR
Investment Underwriter Accounting and Finance 585,900 NPR
Investor Accounting and Finance 922,900 NPR
Investor Relations Manager Accounting and Finance 1,369,700 NPR
KYC Team Leader Accounting and Finance 1,306,100 NPR
Loan Processor Accounting and Finance 578,500 NPR
Management Accountant Accounting and Finance 754,900 NPR
Management Economist Accounting and Finance 1,583,700 NPR
Paymaster Accounting and Finance 573,500 NPR
Payroll Administrator Accounting and Finance 932,800 NPR
Payroll Benefits Coordinator Accounting and Finance 748,600 NPR
Payroll Billing Manager Accounting and Finance 1,179,800 NPR
Payroll Clerk Accounting and Finance 587,800 NPR
Payroll Manager Accounting and Finance 1,296,900 NPR
Payroll Officer Accounting and Finance 592,600 NPR
Payroll Specialist Accounting and Finance 674,100 NPR
Payroll Supervisor Accounting and Finance 862,200 NPR
Pensions Administrator Accounting and Finance 721,600 NPR
Personal Financial Advisor Accounting and Finance 1,042,000 NPR
Pricing Analyst Accounting and Finance 1,174,600 NPR
Private Equity Analyst Accounting and Finance 1,195,600 NPR
Project Accountant Accounting and Finance 719,100 NPR
Proposal Development Coordinator Accounting and Finance 605,700 NPR
Receivables Accountant Accounting and Finance 619,800 NPR
Regulatory Accountant Accounting and Finance 751,100 NPR
Retirement Plan Analyst Accounting and Finance 1,117,800 NPR
Revenue Management Specialist Accounting and Finance 1,108,500 NPR
Revenue Recognition Analyst Accounting and Finance 1,235,600 NPR
Risk Management Director Accounting and Finance 1,632,100 NPR
Risk Management Supervisor Accounting and Finance 1,273,300 NPR
Staff Accountant Accounting and Finance 659,400 NPR
Tax Accountant Accounting and Finance 650,700 NPR
Tax Administrator Accounting and Finance 751,100 NPR
Tax Advisor Accounting and Finance 1,009,200 NPR
Tax Analyst Accounting and Finance 1,064,100 NPR
Tax Associate Accounting and Finance 559,000 NPR
Tax Consultant Accounting and Finance 1,053,900 NPR
Tax Director Accounting and Finance 1,606,100 NPR
Tax Examiner Accounting and Finance 752,600 NPR
Tax Manager Accounting and Finance 1,391,600 NPR
Tax Research Manager Accounting and Finance 1,320,500 NPR
Teller Accounting and Finance 404,600 NPR
Treasury Accountant Accounting and Finance 707,700 NPR
Treasury Analyst Accounting and Finance 1,130,800 NPR
Underwriter Accounting and Finance 464,900 NPR
Underwriting Assistant Accounting and Finance 460,500 NPR
Vice President of Finance Accounting and Finance 1,921,500 NPR

Salary Comparison by City

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

City Average Salary
Kathmandu 1,369,700 NPR
Pokhara 1,181,200 NPR

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