Average Loan Collection and Recovery Manager Salary in Bangladesh for 2024

In this article, we will look at the average Loan Collection and Recovery Manager salary for 2024 in Bangladesh 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 Bangladeshi taka. To keep things simple, we are using the BDT currency code instead of the currency symbol ৳.

How Much Does a Loan Collection and Recovery Manager Make in Bangladesh?

A Loan Collection and Recovery Manager working in Bangladesh will typically earn around 407,300 BDT per year, and this can range from the lowest average salary of about 187,300 BDT to the highest average salary of 650,800 BDT.

Average Annual Salary
407,300 BDT
Average Monthly Salary
33,941 BDT

Lowest Annual Salary
187,300 BDT
Lowest Monthly Salary
15,608 BDT

Highest Annual Salary
650,800 BDT
Highest Monthly Salary
54,233 BDT

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

Loan Collection and Recovery 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 Loan Collection and Recovery Manager Salaries in Bangladesh

So we've looked at the average salaries a Loan Collection and Recovery Manager will earn in Bangladesh. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Loan Collection and Recovery Manager can earn between 187,300 BDT and 650,800 BDT on average in Bangladesh. 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 Collection and Recovery Manager in Bangladesh is 442,200 BDT. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 442,200 BDT, and 50% of the population earn more than 442,200 BDT.

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 Collection and Recovery Manager salary in Bangladesh, 25% of the population are earning less than 282,300 BDT while 75% of the population earn more than 282,300 BDT.

75% of the population earn less than 587,800 BDT, and 25% of the population earn more than 587,800 BDT.

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 Collection and Recovery Manager Salary by Experience Level in Bangladesh

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 collection and recovery 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 Loan Collection and Recovery Manager in Bangladesh that has less than two years of experience can expect to earn somewhere in the region of 212,500 BDT.
  • 2 - 5 Years Experience. With two to five years of experience the average Loan Collection and Recovery Manager salary would increase to 282,500 BDT.
  • 5 - 10 Years Experience. From five to ten years of experience as a Loan Collection and Recovery Manager, the average salary would be 421,400 BDT.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 513,300 BDT.
  • 15 - 20 Years Experience. A Loan Collection and Recovery Manager with 15 to 20 years of experience can earn an average of 558,300 BDT.
  • 20+ Years Experience. For a Loan Collection and Recovery Manager with more than 20 years, the expected average salary increases to 605,700 BDT.

Average Salary by Experience Chart

0-2 Years
212,500 BDT
2-5 Years +34%
282,500 BDT
5-10 Years +48%
421,400 BDT
10-15 Years +22%
513,300 BDT
15-20 Years +9%
558,300 BDT
20+ Years +8%
605,700 BDT

Loan Collection and Recovery Manager Salary by Education Level in Bangladesh

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 Collection and Recovery Manager in Bangladesh 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 Loan Collection and Recovery Manager in Bangladesh with a bachelor's degree education can earn an average salary of 246,500 BDT.

  • Master's Degree. A Loan Collection and Recovery Manager in Bangladesh with a master's degree education can earn an average salary of 476,600 BDT.

Average Salary by Education Chart

Bachelor's Degree
246,500 BDT
Master's Degree +93%
476,600 BDT

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 Bangladesh is around 130,000 to 390,000 BDT 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 Collection and Recovery 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 Bangladesh, a male loan collection and recovery manager will earn an average of 448,500 BDT, while a female loan collection and recovery manager will earn around 367,200 BDT.

This means that a male loan collection and recovery manager earns approximately 22% more than a female loan collection and recovery manager for performing the same job.

Average Salary by Gender Chart in Bangladesh

Male
448,500 BDT
Female -22%
367,200 BDT

Loan Collection and Recovery Manager Average Pay Raise in Bangladesh

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 Collection and Recovery Manager in Bangladesh is around 9% every 27 months.

The national average pay raise across all professions and industries in Bangladesh 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 = ( 9 ÷ 27 ) × 12  = 4%

What this means is that a Loan Collection and Recovery Manager in Bangladesh can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Bangladesh for 2024

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

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

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Loan Collection and Recovery Manager Bonus and Incentive Rates in Bangladesh

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 Collection and Recovery 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 Bangladesh earn approximately 25% more than private sector employees in the same role.

Public Sector
345,700 BDT
Private Sector -25%
277,400 BDT

Salaries for Jobs Similar to a Loan Collection and Recovery Manager

In the table below, we have salary information for jobs that are similar to a Loan Collection and Recovery Manager in Bangladesh.

Job Title Category Salary
AML Analyst Banking 489,600 BDT
Assistant Bank Branch Manager Banking 426,700 BDT
Assistant Bank Manager Banking 559,000 BDT
ATM Manager Banking 480,300 BDT
ATM Service Technician Banking 136,200 BDT
Bank Accounts Analyst Banking 180,300 BDT
Bank Accounts Collector Banking 117,100 BDT
Bank Accounts Controller Banking 227,600 BDT
Bank Accounts Executive Banking 344,600 BDT
Bank Accounts Manager Banking 407,300 BDT
Bank Auditing Manager Banking 399,900 BDT
Bank Branch Manager Banking 573,500 BDT
Bank Branch Operations Coordinator Banking 246,500 BDT
Bank Clerk Banking 112,000 BDT
Bank Client Service Associate Banking 152,100 BDT
Bank Collector Banking 119,560 BDT
Bank Compliance Specialist Banking 315,700 BDT
Bank Manager Banking 665,300 BDT
Bank Operational Risk Manager Banking 698,200 BDT
Bank Operations Head Banking 658,300 BDT
Bank Operations Officer Banking 258,400 BDT
Bank Operations Specialist Banking 424,900 BDT
Bank Process Manager Banking 394,300 BDT
Bank Product Manager Banking 425,100 BDT
Bank Programme Manager Banking 466,900 BDT
Bank Project Manager Banking 541,700 BDT
Bank Propositions Manager Banking 502,200 BDT
Bank Quantitative Analyst Banking 330,700 BDT
Bank Regional Manager Banking 688,900 BDT
Bank Regional Risk Officer Banking 340,400 BDT
Bank Relationship Manager Banking 514,300 BDT
Bank Relationship Officer Banking 218,900 BDT
Bank Teller Banking 117,520 BDT
Banker Banking 245,300 BDT
Banking Business Analyst Banking 357,700 BDT
Banking Business Development Officer Banking 212,500 BDT
Banking Business Planning Executive Banking 518,900 BDT
Banking Product Manager Banking 457,300 BDT
Banking Reference Data Manager Banking 394,800 BDT
Banking Risk Analyst Banking 340,400 BDT
Banking Technical Analyst Banking 189,300 BDT
Bankruptcy Coordinator Banking 258,400 BDT
Bill and Account Collector Banking 125,100 BDT
Budget Analyst Banking 359,900 BDT
Capital Risk Manager Banking 665,300 BDT
Cards Marketing Manager Banking 420,100 BDT
Cash Management Manager Banking 607,400 BDT
Check Processing Manager Banking 459,700 BDT
Commercial Vault Associate Banking 353,600 BDT
Corporate Banker Banking 249,600 BDT
Corporate Dealer Banking 359,900 BDT
Credit Analyst Banking 263,200 BDT
Credit and Collections Manager Banking 464,400 BDT
Credit Card Fraud Investigator Banking 361,500 BDT
Credit Portfolio Manager Banking 658,300 BDT
Credit Risk Analyst Banking 397,900 BDT
Credit Risk Associate Banking 361,600 BDT
Direct Bank Sales Representative Banking 253,400 BDT
Exchange Control Consultant Banking 389,200 BDT
Executive Account Analyst Banking 362,200 BDT
Financial Bank Planning Consultant Banking 430,500 BDT
Financial Banking Analysis Manager Banking 544,800 BDT
Financial Banking Assistant Banking 161,300 BDT
Financial Banking Systems Manager Banking 472,000 BDT
Foreign Exchange Manager Banking 516,100 BDT
Fraud Analyst Banking 383,300 BDT
Fraud Detection Associate Banking 259,100 BDT
Fraud Detection Manager Banking 571,300 BDT
Fraud Detection Supervisor Banking 317,700 BDT
Internal Bank Audit Manager Banking 623,700 BDT
Internal Bank Auditor Banking 340,000 BDT
Internal Private Banker Banking 257,700 BDT
International Banking Manager Banking 725,700 BDT
Investment Banking Analyst Banking 516,100 BDT
Loan Analyst Banking 344,600 BDT
Loan Area Manager Banking 417,200 BDT
Loan Audit Team Leader Banking 388,100 BDT
Loan Branch Manager Banking 394,800 BDT
Loan Business Development Officer Banking 215,100 BDT
Loan Clerk Banking 129,000 BDT
Loan Collection Manager Banking 442,300 BDT
Loan Collector Banking 112,600 BDT
Loan Examiner Banking 152,300 BDT
Loan Officer Banking 138,800 BDT
Loan Processing Manager Banking 385,300 BDT
Loan Processor Banking 163,800 BDT
Loan Quality Assurance Auditor Banking 340,400 BDT
Loan Quality Assurance Manager Banking 384,500 BDT
Loan Quality Assurance Representative Banking 263,200 BDT
Loan Review Manager Banking 401,300 BDT
Loan Team Leader Banking 366,200 BDT
Loans Manager Banking 447,700 BDT
Mortgage Advisor Banking 254,800 BDT
Mortgage Collection Manager Banking 398,300 BDT
Mortgage Collector Banking 112,760 BDT
Mortgage Credit Analyst Banking 187,300 BDT
Mortgage Credit Manager Banking 399,900 BDT
Mortgage Development Manager Banking 467,100 BDT
Mortgage Document Reviewer Banking 148,300 BDT
Mortgage Funding Manager Banking 442,300 BDT
Mortgage Operations Manager Banking 588,500 BDT
Mortgage Payment Processing Clerk Banking 130,400 BDT
Mortgage Processing Manager Banking 397,900 BDT
Mortgage Processor Banking 159,400 BDT
Mortgage Quality Assurance Auditor Banking 345,700 BDT
Mortgage Quality Assurance Manager Banking 406,300 BDT
Mortgage Servicing Clerk Banking 127,700 BDT
Mortgage Servicing Manager Banking 404,600 BDT
Mortgage Underwriter Banking 152,300 BDT
Online Banking Manager Banking 627,900 BDT
Payment Processing Clerk Banking 128,900 BDT
Personal Banker Banking 263,200 BDT
Personal Banking Advisor Banking 263,100 BDT
Phone Banker Banking 163,800 BDT
Private Banker Banking 245,300 BDT
Reconciliation and Investigation Specialist Banking 299,500 BDT
Tax Officer Banking 201,100 BDT
Teller Banking 123,400 BDT
Trade Officer Banking 142,300 BDT
Trade Product Manager Banking 412,000 BDT
Trader Banking 174,000 BDT
Treasury Operations Officer Banking 301,600 BDT

Salary Comparison by City

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

City Average Salary
Barisal 420,800 BDT
Bogra 448,500 BDT
Chandpur 396,300 BDT
Chittagong 448,500 BDT
Coxs Bazar 397,900 BDT
Dhaka 444,300 BDT
Jamalpur 399,900 BDT
Jessore 385,300 BDT
Khulna 433,800 BDT
Rajshahi 455,400 BDT
St. Martin 361,600 BDT
Sylhet 414,000 BDT

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Loan Collection and Recovery Manager Salary in Bangladesh for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-loan-collection-and-recovery-manager-salary-in-bangladesh/.

  • "Average Loan Collection and Recovery Manager Salary in Bangladesh for 2024". World Salaries, https://worldsalaries.com/average-loan-collection-and-recovery-manager-salary-in-bangladesh/. Accessed 28 March, 2024

  • Average Loan Collection and Recovery Manager Salary in Bangladesh for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-loan-collection-and-recovery-manager-salary-in-bangladesh/.