Average Loan Clerk Salary in Bolivia for 2024

In this article, we will look at the average Loan Clerk salary for 2024 in Bolivia 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 Bolivian boliviano. To keep things simple, we are using the BOB currency code instead of the currency symbol Bs..

How Much Does a Loan Clerk Make in Bolivia?

A Loan Clerk working in Bolivia will typically earn around 42,320 BOB per year, and this can range from the lowest average salary of about 23,520 BOB to the highest average salary of 61,780 BOB.

Average Annual Salary
42,320 BOB
Average Monthly Salary
3,526 BOB

Lowest Annual Salary
23,520 BOB
Lowest Monthly Salary
1,960 BOB

Highest Annual Salary
61,780 BOB
Highest Monthly Salary
5,148 BOB

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

Loan Clerk 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 Loan Clerk Salaries in Bolivia

So we've looked at the average salaries a Loan Clerk will earn in Bolivia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Loan Clerk can earn between 23,520 BOB and 61,780 BOB on average in Bolivia. 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 Loan Clerk in Bolivia is 36,720 BOB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 36,720 BOB, and 50% of the population earn more than 36,720 BOB.

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 Loan Clerk salary in Bolivia, 25% of the population are earning less than 28,820 BOB while 75% of the population earn more than 28,820 BOB.

75% of the population earn less than 45,600 BOB, and 25% of the population earn more than 45,600 BOB.

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.

Loan Clerk Salary by Experience Level in Bolivia

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 loan clerk 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 Loan Clerk in Bolivia that has less than two years of experience can expect to earn somewhere in the region of 23,360 BOB.
  • 2 - 5 Years Experience. With two to five years of experience the average Loan Clerk salary would increase to 31,400 BOB.
  • 5 - 10 Years Experience. From five to ten years of experience as a Loan Clerk, the average salary would be 44,140 BOB.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 52,460 BOB.
  • 15 - 20 Years Experience. A Loan Clerk with 15 to 20 years of experience can earn an average of 54,500 BOB.
  • 20+ Years Experience. For a Loan Clerk with more than 20 years, the expected average salary increases to 57,440 BOB.

Average Salary by Experience Chart

0-2 Years
23,360 BOB
2-5 Years +23%
31,400 BOB
5-10 Years +42%
44,140 BOB
10-15 Years +17%
52,460 BOB
15-20 Years +10%
54,500 BOB
20+ Years +6%
57,440 BOB

Loan Clerk Salary by Education Level in Bolivia

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 Loan Clerk in Bolivia 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 Loan Clerk in Bolivia with a certificate or diploma education can earn an average salary of 31,520 BOB.

  • Bachelor's Degree. A Loan Clerk in Bolivia with a bachelor's degree education can earn an average salary of 46,880 BOB.

Average Salary by Education Chart

Certificate or Diploma
31,520 BOB
Bachelor's Degree +47%
46,880 BOB

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 Bolivia is around 42,600 to 128,000 BOB 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.

Loan Clerk 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 Bolivia, a male loan clerk will earn an average of 43,360 BOB, while a female loan clerk will earn around 40,420 BOB.

This means that a male loan clerk earns approximately 7% more than a female loan clerk for performing the same job.

Average Salary by Gender Chart in Bolivia

Male
43,360 BOB
Female -7%
40,420 BOB

Loan Clerk Average Pay Raise in Bolivia

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 Loan Clerk in Bolivia is around 8% every 26 months.

The national average pay raise across all professions and industries in Bolivia is around 5% every 28 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 ÷ 26 ) × 12  = 4%

What this means is that a Loan Clerk in Bolivia can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Bolivia for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Loan Clerk Bonus and Incentive Rates in Bolivia

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 Loan Clerk is a low bonus based job, with 8% of employees reporting at least one bonus in the last 12 months.

92% 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
8%
No Bonus
92%

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 Bolivia earn approximately 17% more than private sector employees in the same role.

Public Sector
112,280 BOB
Private Sector -17%
96,160 BOB

Salaries for Jobs Similar to a Loan Clerk

In the table below, we have salary information for jobs that are similar to a Loan Clerk in Bolivia.

Job Title Category Salary
AML Analyst Banking 161,600 BOB
Assistant Bank Branch Manager Banking 137,400 BOB
Assistant Bank Manager Banking 189,300 BOB
ATM Manager Banking 148,300 BOB
ATM Service Technician Banking 43,480 BOB
Bank Accounts Analyst Banking 57,820 BOB
Bank Accounts Collector Banking 37,740 BOB
Bank Accounts Controller Banking 74,940 BOB
Bank Accounts Executive Banking 113,700 BOB
Bank Accounts Manager Banking 137,400 BOB
Bank Auditing Manager Banking 139,100 BOB
Bank Branch Manager Banking 183,600 BOB
Bank Branch Operations Coordinator Banking 80,540 BOB
Bank Clerk Banking 35,300 BOB
Bank Client Service Associate Banking 50,980 BOB
Bank Collector Banking 37,740 BOB
Bank Compliance Specialist Banking 97,060 BOB
Bank Manager Banking 227,600 BOB
Bank Operational Risk Manager Banking 225,700 BOB
Bank Operations Head Banking 218,900 BOB
Bank Operations Officer Banking 84,740 BOB
Bank Operations Specialist Banking 130,400 BOB
Bank Process Manager Banking 119,900 BOB
Bank Product Manager Banking 142,300 BOB
Bank Programme Manager Banking 151,800 BOB
Bank Project Manager Banking 176,800 BOB
Bank Propositions Manager Banking 161,600 BOB
Bank Quantitative Analyst Banking 110,380 BOB
Bank Regional Manager Banking 222,300 BOB
Bank Regional Risk Officer Banking 115,260 BOB
Bank Relationship Manager Banking 168,100 BOB
Bank Relationship Officer Banking 75,280 BOB
Bank Teller Banking 40,420 BOB
Banker Banking 83,020 BOB
Banking Business Analyst Banking 115,640 BOB
Banking Business Development Officer Banking 69,180 BOB
Banking Business Planning Executive Banking 164,200 BOB
Banking Product Manager Banking 148,300 BOB
Banking Reference Data Manager Banking 119,900 BOB
Banking Risk Analyst Banking 117,660 BOB
Banking Technical Analyst Banking 61,760 BOB
Bankruptcy Coordinator Banking 80,060 BOB
Bill and Account Collector Banking 41,560 BOB
Budget Analyst Banking 114,000 BOB
Capital Risk Manager Banking 216,800 BOB
Cards Marketing Manager Banking 138,800 BOB
Cash Management Manager Banking 200,000 BOB
Check Processing Manager Banking 152,000 BOB
Commercial Vault Associate Banking 112,460 BOB
Corporate Banker Banking 83,400 BOB
Corporate Dealer Banking 115,220 BOB
Credit Analyst Banking 88,300 BOB
Credit and Collections Manager Banking 159,400 BOB
Credit Card Fraud Investigator Banking 114,380 BOB
Credit Portfolio Manager Banking 216,800 BOB
Credit Risk Analyst Banking 125,700 BOB
Credit Risk Associate Banking 123,400 BOB
Direct Bank Sales Representative Banking 79,000 BOB
Exchange Control Consultant Banking 125,100 BOB
Executive Account Analyst Banking 112,760 BOB
Financial Bank Planning Consultant Banking 148,300 BOB
Financial Banking Analysis Manager Banking 172,200 BOB
Financial Banking Assistant Banking 53,860 BOB
Financial Banking Systems Manager Banking 152,300 BOB
Foreign Exchange Manager Banking 169,000 BOB
Fraud Analyst Banking 127,700 BOB
Fraud Detection Associate Banking 85,440 BOB
Fraud Detection Manager Banking 181,600 BOB
Fraud Detection Supervisor Banking 96,680 BOB
Internal Bank Audit Manager Banking 210,500 BOB
Internal Bank Auditor Banking 116,180 BOB
Internal Private Banker Banking 84,040 BOB
International Banking Manager Banking 228,500 BOB
Investment Banking Analyst Banking 161,600 BOB
Loan Analyst Banking 107,960 BOB
Loan Area Manager Banking 143,200 BOB
Loan Audit Team Leader Banking 136,100 BOB
Loan Branch Manager Banking 125,100 BOB
Loan Business Development Officer Banking 68,580 BOB
Loan Collection and Recovery Manager Banking 130,400 BOB
Loan Collection Manager Banking 143,200 BOB
Loan Collector Banking 38,260 BOB
Loan Examiner Banking 50,340 BOB
Loan Officer Banking 44,540 BOB
Loan Processing Manager Banking 129,000 BOB
Loan Processor Banking 50,080 BOB
Loan Quality Assurance Auditor Banking 115,520 BOB
Loan Quality Assurance Manager Banking 128,900 BOB
Loan Quality Assurance Representative Banking 91,320 BOB
Loan Review Manager Banking 127,700 BOB
Loan Team Leader Banking 117,100 BOB
Loans Manager Banking 151,800 BOB
Mortgage Advisor Banking 80,760 BOB
Mortgage Collection Manager Banking 138,800 BOB
Mortgage Collector Banking 38,180 BOB
Mortgage Credit Analyst Banking 60,340 BOB
Mortgage Credit Manager Banking 128,900 BOB
Mortgage Development Manager Banking 138,200 BOB
Mortgage Document Reviewer Banking 48,640 BOB
Mortgage Funding Manager Banking 150,000 BOB
Mortgage Operations Manager Banking 204,000 BOB
Mortgage Payment Processing Clerk Banking 43,480 BOB
Mortgage Processing Manager Banking 136,100 BOB
Mortgage Processor Banking 49,300 BOB
Mortgage Quality Assurance Auditor Banking 112,280 BOB
Mortgage Quality Assurance Manager Banking 128,900 BOB
Mortgage Servicing Clerk Banking 40,420 BOB
Mortgage Servicing Manager Banking 125,700 BOB
Mortgage Underwriter Banking 49,560 BOB
Online Banking Manager Banking 197,600 BOB
Payment Processing Clerk Banking 42,400 BOB
Personal Banker Banking 80,840 BOB
Personal Banking Advisor Banking 83,420 BOB
Phone Banker Banking 55,320 BOB
Private Banker Banking 86,740 BOB
Reconciliation and Investigation Specialist Banking 95,600 BOB
Tax Officer Banking 66,680 BOB
Teller Banking 39,560 BOB
Trade Officer Banking 46,280 BOB
Trade Product Manager Banking 130,400 BOB
Trader Banking 57,080 BOB
Treasury Operations Officer Banking 97,300 BOB

Salary Comparison by City

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

City Average Salary
Cochabamba 42,320 BOB
La Paz 43,260 BOB
Oruro 42,040 BOB
Potosi 37,200 BOB
Santa Cruz 43,360 BOB
Sucre 38,620 BOB

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