Average Loan Quality Assurance Auditor Salary in Honduras for 2024

In this article, we will look at the average Loan Quality Assurance Auditor salary for 2024 in Honduras 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 Honduran lempira. To keep things simple, we are using the HNL currency code instead of the currency symbol L.

How Much Does a Loan Quality Assurance Auditor Make in Honduras?

A Loan Quality Assurance Auditor working in Honduras will typically earn around 348,300 HNL per year, and this can range from the lowest average salary of about 183,600 HNL to the highest average salary of 535,800 HNL.

Average Annual Salary
348,300 HNL
Average Monthly Salary
29,025 HNL

Lowest Annual Salary
183,600 HNL
Lowest Monthly Salary
15,300 HNL

Highest Annual Salary
535,800 HNL
Highest Monthly Salary
44,650 HNL

These are average salaries for a Loan Quality Assurance Auditor in Honduras 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 Honduras

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

Salary ranges

We already know that a Loan Quality Assurance Auditor can earn between 183,600 HNL and 535,800 HNL on average in Honduras. 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 Honduras is 335,800 HNL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 335,800 HNL, and 50% of the population earn more than 335,800 HNL.

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 Honduras, 25% of the population are earning less than 232,400 HNL while 75% of the population earn more than 232,400 HNL.

75% of the population earn less than 419,400 HNL, and 25% of the population earn more than 419,400 HNL.

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 Honduras

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 Honduras that has less than two years of experience can expect to earn somewhere in the region of 207,800 HNL.
  • 2 - 5 Years Experience. With two to five years of experience the average Loan Quality Assurance Auditor salary would increase to 275,500 HNL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Loan Quality Assurance Auditor, the average salary would be 361,600 HNL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 433,800 HNL.
  • 15 - 20 Years Experience. A Loan Quality Assurance Auditor with 15 to 20 years of experience can earn an average of 478,100 HNL.
  • 20+ Years Experience. For a Loan Quality Assurance Auditor with more than 20 years, the expected average salary increases to 502,200 HNL.

Average Salary by Experience Chart

0-2 Years
207,800 HNL
2-5 Years +34%
275,500 HNL
5-10 Years +30%
361,600 HNL
10-15 Years +21%
433,800 HNL
15-20 Years +9%
478,100 HNL
20+ Years +5%
502,200 HNL

Loan Quality Assurance Auditor Salary by Education Level in Honduras

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 Honduras 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 Honduras with a bachelor's degree education can earn an average salary of 292,000 HNL.

  • Master's Degree. A Loan Quality Assurance Auditor in Honduras with a master's degree education can earn an average salary of 406,300 HNL.

Average Salary by Education Chart

Bachelor's Degree
292,000 HNL
Master's Degree +39%
406,300 HNL

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 Honduras is around 141,000 to 422,000 HNL 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 Honduras, a male loan quality assurance auditor will earn an average of 367,200 HNL, while a female loan quality assurance auditor will earn around 339,100 HNL.

This means that a male loan quality assurance auditor earns approximately 8% more than a female loan quality assurance auditor for performing the same job.

Average Salary by Gender Chart in Honduras

Male
367,200 HNL
Female -8%
339,100 HNL

Loan Quality Assurance Auditor Average Pay Raise in Honduras

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 Honduras is around 9% every 27 months.

The national average pay raise across all professions and industries in Honduras 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 Quality Assurance Auditor in Honduras can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Honduras for 2024

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

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

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Loan Quality Assurance Auditor Bonus and Incentive Rates in Honduras

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 60% of employees reporting at least one bonus in the last 12 months.

40% 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 6% to 8%.

Received Bonus
60%
No Bonus
40%

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 Honduras earn approximately 13% more than private sector employees in the same role.

Public Sector
353,600 HNL
Private Sector -13%
312,400 HNL

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 Honduras.

Job Title Category Salary
AML Analyst Banking 487,600 HNL
Assistant Bank Branch Manager Banking 406,300 HNL
Assistant Bank Manager Banking 548,800 HNL
ATM Manager Banking 459,300 HNL
ATM Service Technician Banking 127,700 HNL
Bank Accounts Analyst Banking 194,600 HNL
Bank Accounts Collector Banking 111,240 HNL
Bank Accounts Controller Banking 238,900 HNL
Bank Accounts Executive Banking 351,200 HNL
Bank Accounts Manager Banking 407,100 HNL
Bank Auditing Manager Banking 404,600 HNL
Bank Branch Manager Banking 553,400 HNL
Bank Branch Operations Coordinator Banking 253,400 HNL
Bank Clerk Banking 113,420 HNL
Bank Client Service Associate Banking 159,500 HNL
Bank Collector Banking 113,280 HNL
Bank Compliance Specialist Banking 311,700 HNL
Bank Manager Banking 653,200 HNL
Bank Operational Risk Manager Banking 672,600 HNL
Bank Operations Head Banking 675,100 HNL
Bank Operations Officer Banking 279,400 HNL
Bank Operations Specialist Banking 407,300 HNL
Bank Process Manager Banking 388,100 HNL
Bank Product Manager Banking 428,400 HNL
Bank Programme Manager Banking 440,200 HNL
Bank Project Manager Banking 516,100 HNL
Bank Propositions Manager Banking 483,800 HNL
Bank Quantitative Analyst Banking 351,900 HNL
Bank Regional Manager Banking 669,100 HNL
Bank Regional Risk Officer Banking 363,000 HNL
Bank Relationship Manager Banking 489,600 HNL
Bank Relationship Officer Banking 228,500 HNL
Bank Teller Banking 124,400 HNL
Banker Banking 239,000 HNL
Banking Business Analyst Banking 357,700 HNL
Banking Business Development Officer Banking 231,000 HNL
Banking Business Planning Executive Banking 510,000 HNL
Banking Product Manager Banking 437,900 HNL
Banking Reference Data Manager Banking 376,800 HNL
Banking Risk Analyst Banking 354,000 HNL
Banking Technical Analyst Banking 183,700 HNL
Bankruptcy Coordinator Banking 239,300 HNL
Bill and Account Collector Banking 129,000 HNL
Budget Analyst Banking 332,500 HNL
Capital Risk Manager Banking 632,400 HNL
Cards Marketing Manager Banking 459,700 HNL
Cash Management Manager Banking 642,800 HNL
Check Processing Manager Banking 472,000 HNL
Commercial Vault Associate Banking 332,500 HNL
Corporate Banker Banking 265,000 HNL
Corporate Dealer Banking 365,400 HNL
Credit Analyst Banking 281,500 HNL
Credit and Collections Manager Banking 485,200 HNL
Credit Card Fraud Investigator Banking 369,300 HNL
Credit Portfolio Manager Banking 653,200 HNL
Credit Risk Analyst Banking 377,200 HNL
Credit Risk Associate Banking 384,500 HNL
Direct Bank Sales Representative Banking 252,300 HNL
Exchange Control Consultant Banking 357,700 HNL
Executive Account Analyst Banking 351,900 HNL
Financial Bank Planning Consultant Banking 464,400 HNL
Financial Banking Analysis Manager Banking 520,900 HNL
Financial Banking Assistant Banking 167,100 HNL
Financial Banking Systems Manager Banking 478,000 HNL
Foreign Exchange Manager Banking 510,300 HNL
Fraud Analyst Banking 369,300 HNL
Fraud Detection Associate Banking 253,400 HNL
Fraud Detection Manager Banking 525,700 HNL
Fraud Detection Supervisor Banking 301,600 HNL
Internal Bank Audit Manager Banking 626,800 HNL
Internal Bank Auditor Banking 332,500 HNL
Internal Private Banker Banking 254,700 HNL
International Banking Manager Banking 699,700 HNL
Investment Banking Analyst Banking 514,800 HNL
Loan Analyst Banking 353,600 HNL
Loan Area Manager Banking 437,300 HNL
Loan Audit Team Leader Banking 409,000 HNL
Loan Branch Manager Banking 403,100 HNL
Loan Business Development Officer Banking 215,100 HNL
Loan Clerk Banking 127,700 HNL
Loan Collection and Recovery Manager Banking 424,300 HNL
Loan Collection Manager Banking 424,900 HNL
Loan Collector Banking 113,560 HNL
Loan Examiner Banking 152,000 HNL
Loan Officer Banking 128,500 HNL
Loan Processing Manager Banking 376,800 HNL
Loan Processor Banking 157,600 HNL
Loan Quality Assurance Manager Banking 386,400 HNL
Loan Quality Assurance Representative Banking 258,400 HNL
Loan Review Manager Banking 385,300 HNL
Loan Team Leader Banking 345,100 HNL
Loans Manager Banking 489,600 HNL
Mortgage Advisor Banking 233,900 HNL
Mortgage Collection Manager Banking 394,500 HNL
Mortgage Collector Banking 109,520 HNL
Mortgage Credit Analyst Banking 175,900 HNL
Mortgage Credit Manager Banking 412,000 HNL
Mortgage Development Manager Banking 471,700 HNL
Mortgage Document Reviewer Banking 159,400 HNL
Mortgage Funding Manager Banking 472,100 HNL
Mortgage Operations Manager Banking 618,800 HNL
Mortgage Payment Processing Clerk Banking 136,200 HNL
Mortgage Processing Manager Banking 415,900 HNL
Mortgage Processor Banking 161,300 HNL
Mortgage Quality Assurance Auditor Banking 352,000 HNL
Mortgage Quality Assurance Manager Banking 397,900 HNL
Mortgage Servicing Clerk Banking 124,400 HNL
Mortgage Servicing Manager Banking 394,500 HNL
Mortgage Underwriter Banking 150,000 HNL
Online Banking Manager Banking 592,600 HNL
Payment Processing Clerk Banking 119,700 HNL
Personal Banker Banking 261,300 HNL
Personal Banking Advisor Banking 263,100 HNL
Phone Banker Banking 164,200 HNL
Private Banker Banking 243,000 HNL
Reconciliation and Investigation Specialist Banking 286,400 HNL
Tax Officer Banking 221,500 HNL
Teller Banking 127,700 HNL
Trade Officer Banking 146,200 HNL
Trade Product Manager Banking 415,900 HNL
Trader Banking 172,400 HNL
Treasury Operations Officer Banking 325,900 HNL

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