Average Insurance Adjuster Salary in Bhutan for 2024

In this article, we will look at the average Insurance Adjuster 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 an Insurance Adjuster Make in Bhutan?

An Insurance Adjuster working in Bhutan will typically earn around 415,900 BTN per year, and this can range from the lowest average salary of about 218,900 BTN to the highest average salary of 631,200 BTN.

Average Annual Salary
415,900 BTN
Average Monthly Salary
34,658 BTN

Lowest Annual Salary
218,900 BTN
Lowest Monthly Salary
18,241 BTN

Highest Annual Salary
631,200 BTN
Highest Monthly Salary
52,600 BTN

These are average salaries for an Insurance Adjuster in Bhutan and include benefits such as housing and transport. It's also possible for an Insurance Adjuster to earn more or less than the average salaries shown above.

Insurance Adjuster 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 Insurance Adjuster Salaries in Bhutan

So we've looked at the average salaries an Insurance Adjuster will earn in Bhutan. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Insurance Adjuster can earn between 218,900 BTN and 631,200 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 an Insurance Adjuster in Bhutan is 390,000 BTN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 390,000 BTN, and 50% of the population earn more than 390,000 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 Insurance Adjuster salary in Bhutan, 25% of the population are earning less than 273,000 BTN while 75% of the population earn more than 273,000 BTN.

75% of the population earn less than 480,300 BTN, and 25% of the population earn more than 480,300 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.

Insurance Adjuster 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 insurance adjuster 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. An Insurance Adjuster in Bhutan that has less than two years of experience can expect to earn somewhere in the region of 252,300 BTN.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Adjuster salary would increase to 312,400 BTN.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Adjuster, the average salary would be 442,200 BTN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 516,100 BTN.
  • 15 - 20 Years Experience. An Insurance Adjuster with 15 to 20 years of experience can earn an average of 565,100 BTN.
  • 20+ Years Experience. For an Insurance Adjuster with more than 20 years, the expected average salary increases to 597,800 BTN.

Average Salary by Experience Chart

0-2 Years
252,300 BTN
2-5 Years +23%
312,400 BTN
5-10 Years +42%
442,200 BTN
10-15 Years +17%
516,100 BTN
15-20 Years +10%
565,100 BTN
20+ Years +6%
597,800 BTN

Insurance Adjuster 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 an Insurance Adjuster in Bhutan 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. An Insurance Adjuster in Bhutan with a certificate or diploma education can earn an average salary of 335,800 BTN.

  • Bachelor's Degree. An Insurance Adjuster in Bhutan with a bachelor's degree education can earn an average salary of 492,400 BTN.

Average Salary by Education Chart

Certificate or Diploma
335,800 BTN
Bachelor's Degree +47%
492,400 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.

Insurance Adjuster 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 insurance adjuster will earn an average of 433,800 BTN, while a female insurance adjuster will earn around 382,600 BTN.

This means that a male insurance adjuster earns approximately 13% more than a female insurance adjuster for performing the same job.

Average Salary by Gender Chart in Bhutan

Male
433,800 BTN
Female -13%
382,600 BTN

Insurance Adjuster 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 an Insurance Adjuster in Bhutan is around 7% every 29 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 = ( 7 ÷ 29 ) × 12  = 3%

What this means is that an Insurance Adjuster 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%

Insurance Adjuster 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.

An Insurance Adjuster is a low bonus based job, with 9% of employees reporting at least one bonus in the last 12 months.

91% 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 1% to 3%.

Received Bonus
9%
No Bonus
91%

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 an Insurance Adjuster

In the table below, we have salary information for jobs that are similar to an Insurance Adjuster in Bhutan.

Job Title Category Salary
Actuarial Analyst Insurance 597,800 BTN
Actuarial Assistant Insurance 430,500 BTN
Actuarial Specialist Insurance 447,700 BTN
Actuary Insurance 627,900 BTN
Adjustment Insurance Clerk Insurance 161,300 BTN
Assistant Broker Insurance 299,500 BTN
Assistant Claims Manager Insurance 471,700 BTN
Associate Insurance Representative Insurance 228,500 BTN
Auditing Insurance Manager Insurance 664,500 BTN
Broker Insurance 460,500 BTN
Claim Advocacy Professional Insurance 472,100 BTN
Claims Adjuster Insurance 172,200 BTN
Claims Analyst Insurance 245,300 BTN
Claims Examiner Insurance 228,500 BTN
Claims Manager Insurance 631,200 BTN
Claims Processor Insurance 172,200 BTN
Claims Representative Insurance 194,600 BTN
Claims Resolution Specialist Insurance 471,700 BTN
Claims Supervisor Insurance 464,900 BTN
Complaints Specialist Insurance 430,000 BTN
Compliance Examiner Insurance 442,300 BTN
Compliance Officer Insurance 361,600 BTN
Compliance Reviewer Insurance 404,600 BTN
Consultant Insurance 464,900 BTN
Eligibility Interviewer Insurance 489,600 BTN
Eligibility Specialist Insurance 436,200 BTN
Insurance Account Manager Insurance 576,500 BTN
Insurance Accounts Executive Insurance 471,700 BTN
Insurance Agent Insurance 266,000 BTN
Insurance Analyst Insurance 436,200 BTN
Insurance Appraiser Insurance 447,700 BTN
Insurance Claims Clerk Insurance 172,200 BTN
Insurance Examiner Insurance 430,000 BTN
Insurance Investigator Insurance 411,400 BTN
Insurance Manager Insurance 778,500 BTN
Insurance Operations Manager Insurance 744,600 BTN
Insurance Policy Processing Clerk Insurance 168,100 BTN
Insurance Pricing Assistant Insurance 351,200 BTN
Insurance Program Manager Insurance 585,900 BTN
Insurance Project Manager Insurance 592,600 BTN
Insurance Quality Assurance Agent Insurance 384,500 BTN
Insurance Sales Agent Insurance 273,300 BTN
Insurance Sales Director Insurance 748,600 BTN
Insurance Sales Manager Insurance 610,100 BTN
Insurance Sales Representative Insurance 245,300 BTN
Insurance Team Leader Insurance 483,800 BTN
Insurance Underwriter Insurance 348,300 BTN
Loss Control Specialist Insurance 442,300 BTN
Loss Prevention Investigator Insurance 489,500 BTN
Loss Prevention Manager Insurance 633,300 BTN
Loss Prevention Specialist Insurance 478,100 BTN
Marine Underwriter Insurance 348,300 BTN
Medical Auditor Insurance 459,300 BTN
Monitoring and Performance Officer Insurance 313,700 BTN
Payment Services Specialist Insurance 472,100 BTN
Policy Change Director Insurance 718,000 BTN
Policy Change Supervisor Insurance 504,500 BTN
Policy Change Technician Insurance 209,500 BTN
Risk Analyst Insurance 510,200 BTN
Risk Management Director Insurance 907,100 BTN
Risk Management Supervisor Insurance 543,200 BTN
Risk Manager Insurance 830,500 BTN
Risk Modeling Manager Insurance 852,600 BTN
Title Insurance Typist Insurance 384,200 BTN
Training Manager Insurance 519,300 BTN

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