Average Loan Quality Assurance Auditor Salary in Antigua and Barbuda for 2024

In this article, we will look at the average Loan Quality Assurance Auditor salary for 2024 in Antigua and Barbuda 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 Eastern Caribbean dollar. To keep things simple, we are using the XCD currency code instead of the currency symbol $.

How Much Does a Loan Quality Assurance Auditor Make in Antigua and Barbuda?

A Loan Quality Assurance Auditor working in Antigua and Barbuda will typically earn around 58,000 XCD per year, and this can range from the lowest average salary of about 26,660 XCD to the highest average salary of 96,340 XCD.

Average Annual Salary
58,000 XCD
Average Monthly Salary
4,833 XCD

Lowest Annual Salary
26,660 XCD
Lowest Monthly Salary
2,221 XCD

Highest Annual Salary
96,340 XCD
Highest Monthly Salary
8,028 XCD

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

Loan Quality Assurance Auditor 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 Quality Assurance Auditor Salaries in Antigua and Barbuda

So we've looked at the average salaries a Loan Quality Assurance Auditor will earn in Antigua and Barbuda. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Loan Quality Assurance Auditor can earn between 26,660 XCD and 96,340 XCD on average in Antigua and Barbuda. 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 Quality Assurance Auditor in Antigua and Barbuda is 63,480 XCD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 63,480 XCD, and 50% of the population earn more than 63,480 XCD.

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 Quality Assurance Auditor salary in Antigua and Barbuda, 25% of the population are earning less than 42,460 XCD while 75% of the population earn more than 42,460 XCD.

75% of the population earn less than 86,760 XCD, and 25% of the population earn more than 86,760 XCD.

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 Quality Assurance Auditor Salary by Experience Level in Antigua and Barbuda

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 quality assurance auditor 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 Quality Assurance Auditor in Antigua and Barbuda that has less than two years of experience can expect to earn somewhere in the region of 29,160 XCD.
  • 2 - 5 Years Experience. With two to five years of experience the average Loan Quality Assurance Auditor salary would increase to 42,400 XCD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Loan Quality Assurance Auditor, the average salary would be 62,100 XCD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 72,740 XCD.
  • 15 - 20 Years Experience. A Loan Quality Assurance Auditor with 15 to 20 years of experience can earn an average of 80,760 XCD.
  • 20+ Years Experience. For a Loan Quality Assurance Auditor with more than 20 years, the expected average salary increases to 88,580 XCD.

Average Salary by Experience Chart

0-2 Years
29,160 XCD
2-5 Years +34%
42,400 XCD
5-10 Years +48%
62,100 XCD
10-15 Years +22%
72,740 XCD
15-20 Years +9%
80,760 XCD
20+ Years +8%
88,580 XCD

Loan Quality Assurance Auditor Salary by Education Level in Antigua and Barbuda

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 Quality Assurance Auditor in Antigua and Barbuda 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 Quality Assurance Auditor in Antigua and Barbuda with a bachelor's degree education can earn an average salary of 35,000 XCD.

  • Master's Degree. A Loan Quality Assurance Auditor in Antigua and Barbuda with a master's degree education can earn an average salary of 67,800 XCD.

Average Salary by Education Chart

Bachelor's Degree
35,000 XCD
Master's Degree +93%
67,800 XCD

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 Antigua and Barbuda is around 22,600 to 67,700 XCD 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 Quality Assurance Auditor 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 Antigua and Barbuda, a male loan quality assurance auditor will earn an average of 62,860 XCD, while a female loan quality assurance auditor will earn around 55,140 XCD.

This means that a male loan quality assurance auditor earns approximately 14% more than a female loan quality assurance auditor for performing the same job.

Average Salary by Gender Chart in Antigua and Barbuda

Male
62,860 XCD
Female -14%
55,140 XCD

Loan Quality Assurance Auditor Average Pay Raise in Antigua and Barbuda

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 Quality Assurance Auditor in Antigua and Barbuda is around 8% every 28 months.

The national average pay raise across all professions and industries in Antigua and Barbuda 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 Loan Quality Assurance Auditor in Antigua and Barbuda can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Antigua and Barbuda for 2024

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

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 Quality Assurance Auditor Bonus and Incentive Rates in Antigua and Barbuda

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 Quality Assurance Auditor is a moderate bonus based job, with 66% of employees reporting at least one bonus in the last 12 months.

34% 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
66%
No Bonus
34%

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 Antigua and Barbuda earn approximately 20% more than private sector employees in the same role.

Public Sector
58,720 XCD
Private Sector -20%
48,740 XCD

Salaries for Jobs Similar to a Loan Quality Assurance Auditor

In the table below, we have salary information for jobs that are similar to a Loan Quality Assurance Auditor in Antigua and Barbuda.

Job Title Category Salary
AML Analyst Banking 85,080 XCD
Assistant Bank Branch Manager Banking 77,620 XCD
Assistant Bank Manager Banking 96,980 XCD
ATM Manager Banking 80,840 XCD
ATM Service Technician Banking 20,760 XCD
Bank Accounts Analyst Banking 31,980 XCD
Bank Accounts Collector Banking 19,480 XCD
Bank Accounts Controller Banking 39,560 XCD
Bank Accounts Executive Banking 61,460 XCD
Bank Accounts Manager Banking 69,060 XCD
Bank Auditing Manager Banking 75,040 XCD
Bank Branch Manager Banking 101,980 XCD
Bank Branch Operations Coordinator Banking 43,220 XCD
Bank Clerk Banking 18,280 XCD
Bank Client Service Associate Banking 26,080 XCD
Bank Collector Banking 20,520 XCD
Bank Compliance Specialist Banking 52,380 XCD
Bank Manager Banking 113,840 XCD
Bank Operational Risk Manager Banking 115,740 XCD
Bank Operations Head Banking 115,080 XCD
Bank Operations Officer Banking 42,960 XCD
Bank Operations Specialist Banking 70,600 XCD
Bank Process Manager Banking 70,260 XCD
Bank Product Manager Banking 74,060 XCD
Bank Programme Manager Banking 84,780 XCD
Bank Project Manager Banking 91,520 XCD
Bank Propositions Manager Banking 82,520 XCD
Bank Quantitative Analyst Banking 55,820 XCD
Bank Regional Manager Banking 116,740 XCD
Bank Regional Risk Officer Banking 63,700 XCD
Bank Relationship Manager Banking 86,800 XCD
Bank Relationship Officer Banking 42,040 XCD
Bank Teller Banking 19,380 XCD
Banker Banking 44,140 XCD
Banking Business Analyst Banking 61,620 XCD
Banking Business Development Officer Banking 36,580 XCD
Banking Business Planning Executive Banking 89,980 XCD
Banking Product Manager Banking 77,620 XCD
Banking Reference Data Manager Banking 68,060 XCD
Banking Risk Analyst Banking 60,480 XCD
Banking Technical Analyst Banking 32,420 XCD
Bankruptcy Coordinator Banking 44,800 XCD
Bill and Account Collector Banking 22,420 XCD
Budget Analyst Banking 61,760 XCD
Capital Risk Manager Banking 112,180 XCD
Cards Marketing Manager Banking 78,500 XCD
Cash Management Manager Banking 104,620 XCD
Check Processing Manager Banking 79,600 XCD
Commercial Vault Associate Banking 61,620 XCD
Corporate Banker Banking 41,480 XCD
Corporate Dealer Banking 63,380 XCD
Credit Analyst Banking 47,720 XCD
Credit and Collections Manager Banking 85,940 XCD
Credit Card Fraud Investigator Banking 65,940 XCD
Credit Portfolio Manager Banking 118,380 XCD
Credit Risk Analyst Banking 66,180 XCD
Credit Risk Associate Banking 62,460 XCD
Direct Bank Sales Representative Banking 46,400 XCD
Exchange Control Consultant Banking 68,580 XCD
Executive Account Analyst Banking 61,760 XCD
Financial Bank Planning Consultant Banking 80,920 XCD
Financial Banking Analysis Manager Banking 96,160 XCD
Financial Banking Assistant Banking 26,400 XCD
Financial Banking Systems Manager Banking 80,840 XCD
Foreign Exchange Manager Banking 88,620 XCD
Fraud Analyst Banking 67,300 XCD
Fraud Detection Associate Banking 45,200 XCD
Fraud Detection Manager Banking 96,720 XCD
Fraud Detection Supervisor Banking 51,900 XCD
Internal Bank Audit Manager Banking 114,820 XCD
Internal Bank Auditor Banking 60,340 XCD
Internal Private Banker Banking 45,200 XCD
International Banking Manager Banking 128,500 XCD
Investment Banking Analyst Banking 92,900 XCD
Loan Analyst Banking 57,860 XCD
Loan Area Manager Banking 70,600 XCD
Loan Audit Team Leader Banking 69,240 XCD
Loan Branch Manager Banking 65,920 XCD
Loan Business Development Officer Banking 36,020 XCD
Loan Clerk Banking 20,000 XCD
Loan Collection and Recovery Manager Banking 73,020 XCD
Loan Collection Manager Banking 73,100 XCD
Loan Collector Banking 21,020 XCD
Loan Examiner Banking 26,100 XCD
Loan Officer Banking 24,800 XCD
Loan Processing Manager Banking 66,840 XCD
Loan Processor Banking 27,020 XCD
Loan Quality Assurance Manager Banking 67,020 XCD
Loan Quality Assurance Representative Banking 46,280 XCD
Loan Review Manager Banking 68,580 XCD
Loan Team Leader Banking 62,060 XCD
Loans Manager Banking 80,640 XCD
Mortgage Advisor Banking 43,220 XCD
Mortgage Collection Manager Banking 73,820 XCD
Mortgage Collector Banking 21,020 XCD
Mortgage Credit Analyst Banking 35,500 XCD
Mortgage Credit Manager Banking 72,780 XCD
Mortgage Development Manager Banking 82,920 XCD
Mortgage Document Reviewer Banking 24,860 XCD
Mortgage Funding Manager Banking 75,980 XCD
Mortgage Operations Manager Banking 107,380 XCD
Mortgage Payment Processing Clerk Banking 23,480 XCD
Mortgage Processing Manager Banking 68,900 XCD
Mortgage Processor Banking 28,820 XCD
Mortgage Quality Assurance Auditor Banking 63,700 XCD
Mortgage Quality Assurance Manager Banking 70,600 XCD
Mortgage Servicing Clerk Banking 21,020 XCD
Mortgage Servicing Manager Banking 67,300 XCD
Mortgage Underwriter Banking 28,820 XCD
Online Banking Manager Banking 109,340 XCD
Payment Processing Clerk Banking 22,420 XCD
Personal Banker Banking 45,000 XCD
Personal Banking Advisor Banking 48,200 XCD
Phone Banker Banking 28,680 XCD
Private Banker Banking 44,300 XCD
Reconciliation and Investigation Specialist Banking 53,860 XCD
Tax Officer Banking 36,580 XCD
Teller Banking 20,940 XCD
Trade Officer Banking 24,860 XCD
Trade Product Manager Banking 73,120 XCD
Trader Banking 29,600 XCD
Treasury Operations Officer Banking 50,620 XCD

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