Average Loan Quality Assurance Representative Salary in Indonesia for 2024

In this article, we will look at the average Loan Quality Assurance Representative salary for 2024 in Indonesia 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 Indonesian rupiah. To keep things simple, we are using the IDR currency code instead of the currency symbol Rp.

How Much Does a Loan Quality Assurance Representative Make in Indonesia?

A Loan Quality Assurance Representative working in Indonesia will typically earn around 127,201,600 IDR per year, and this can range from the lowest average salary of about 63,840,300 IDR to the highest average salary of 197,998,100 IDR.

Average Annual Salary
127,201,600 IDR
Average Monthly Salary
10,600,133 IDR

Lowest Annual Salary
63,840,300 IDR
Lowest Monthly Salary
5,320,025 IDR

Highest Annual Salary
197,998,100 IDR
Highest Monthly Salary
16,499,841 IDR

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

Loan Quality Assurance Representative 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 Representative Salaries in Indonesia

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

Salary ranges

We already know that a Loan Quality Assurance Representative can earn between 63,840,300 IDR and 197,998,100 IDR on average in Indonesia. 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 Representative in Indonesia is 127,201,600 IDR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 127,201,600 IDR, and 50% of the population earn more than 127,201,600 IDR.

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 Representative salary in Indonesia, 25% of the population are earning less than 86,278,600 IDR while 75% of the population earn more than 86,278,600 IDR.

75% of the population earn less than 163,201,300 IDR, and 25% of the population earn more than 163,201,300 IDR.

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 Representative Salary by Experience Level in Indonesia

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 representative 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 Representative in Indonesia that has less than two years of experience can expect to earn somewhere in the region of 76,678,200 IDR.
  • 2 - 5 Years Experience. With two to five years of experience the average Loan Quality Assurance Representative salary would increase to 101,400,600 IDR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Loan Quality Assurance Representative, the average salary would be 135,600,300 IDR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 162,000,100 IDR.
  • 15 - 20 Years Experience. A Loan Quality Assurance Representative with 15 to 20 years of experience can earn an average of 174,000,900 IDR.
  • 20+ Years Experience. For a Loan Quality Assurance Representative with more than 20 years, the expected average salary increases to 187,198,300 IDR.

Average Salary by Experience Chart

0-2 Years
76,678,200 IDR
2-5 Years +32%
101,400,600 IDR
5-10 Years +34%
135,600,300 IDR
10-15 Years +19%
162,000,100 IDR
15-20 Years +8%
174,000,900 IDR
20+ Years +7%
187,198,300 IDR

Loan Quality Assurance Representative Salary by Education Level in Indonesia

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 Representative in Indonesia 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 Representative in Indonesia with a bachelor's degree education can earn an average salary of 109,559,500 IDR.

  • Master's Degree. A Loan Quality Assurance Representative in Indonesia with a master's degree education can earn an average salary of 172,800,900 IDR.

Average Salary by Education Chart

Bachelor's Degree
109,559,500 IDR
Master's Degree +58%
172,800,900 IDR

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 Indonesia is around 60,700,000 to 182,000,000 IDR 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 Representative 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 Indonesia, a male loan quality assurance representative will earn an average of 130,799,600 IDR, while a female loan quality assurance representative will earn around 123,599,800 IDR.

This means that a male loan quality assurance representative earns approximately 6% more than a female loan quality assurance representative for performing the same job.

Average Salary by Gender Chart in Indonesia

Male
130,799,600 IDR
Female -6%
123,599,800 IDR

Loan Quality Assurance Representative Average Pay Raise in Indonesia

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 Representative in Indonesia is around 11% every 17 months.

The national average pay raise across all professions and industries in Indonesia is around 8% every 18 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 = ( 11 ÷ 17 ) × 12  = 8%

What this means is that a Loan Quality Assurance Representative in Indonesia can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Indonesia for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Loan Quality Assurance Representative Bonus and Incentive Rates in Indonesia

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 Representative is a moderate bonus based job, with 54% of employees reporting at least one bonus in the last 12 months.

46% 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 3% to 6%.

Received Bonus
54%
No Bonus
46%

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 Indonesia earn approximately 9% more than private sector employees in the same role.

Public Sector
151,201,000 IDR
Private Sector -9%
139,199,500 IDR

Salaries for Jobs Similar to a Loan Quality Assurance Representative

In the table below, we have salary information for jobs that are similar to a Loan Quality Assurance Representative in Indonesia.

Job Title Category Salary
AML Analyst Banking 244,798,100 IDR
Assistant Bank Branch Manager Banking 209,999,300 IDR
Assistant Bank Manager Banking 276,001,000 IDR
ATM Manager Banking 232,799,400 IDR
ATM Service Technician Banking 64,319,500 IDR
Bank Accounts Analyst Banking 87,001,300 IDR
Bank Accounts Collector Banking 53,398,300 IDR
Bank Accounts Controller Banking 118,441,000 IDR
Bank Accounts Executive Banking 176,398,800 IDR
Bank Accounts Manager Banking 203,999,800 IDR
Bank Auditing Manager Banking 207,600,200 IDR
Bank Branch Manager Banking 286,800,900 IDR
Bank Branch Operations Coordinator Banking 125,999,700 IDR
Bank Clerk Banking 50,039,800 IDR
Bank Client Service Associate Banking 76,199,500 IDR
Bank Collector Banking 57,118,900 IDR
Bank Compliance Specialist Banking 136,800,100 IDR
Bank Manager Banking 325,200,300 IDR
Bank Operational Risk Manager Banking 320,398,300 IDR
Bank Operations Head Banking 331,199,700 IDR
Bank Operations Officer Banking 130,799,600 IDR
Bank Operations Specialist Banking 203,999,800 IDR
Bank Process Manager Banking 181,199,700 IDR
Bank Product Manager Banking 211,199,300 IDR
Bank Programme Manager Banking 229,198,300 IDR
Bank Project Manager Banking 250,801,100 IDR
Bank Propositions Manager Banking 227,999,700 IDR
Bank Quantitative Analyst Banking 165,599,600 IDR
Bank Regional Manager Banking 323,999,400 IDR
Bank Regional Risk Officer Banking 160,800,900 IDR
Bank Relationship Manager Banking 237,598,200 IDR
Bank Relationship Officer Banking 105,838,700 IDR
Bank Teller Banking 54,239,900 IDR
Banker Banking 115,679,500 IDR
Banking Business Analyst Banking 169,198,600 IDR
Banking Business Development Officer Banking 99,721,200 IDR
Banking Business Planning Executive Banking 230,401,100 IDR
Banking Product Manager Banking 209,999,300 IDR
Banking Reference Data Manager Banking 190,800,100 IDR
Banking Risk Analyst Banking 166,799,600 IDR
Banking Technical Analyst Banking 88,199,100 IDR
Bankruptcy Coordinator Banking 121,199,300 IDR
Bill and Account Collector Banking 58,079,300 IDR
Budget Analyst Banking 172,800,900 IDR
Capital Risk Manager Banking 308,401,000 IDR
Cards Marketing Manager Banking 205,201,300 IDR
Cash Management Manager Banking 278,400,900 IDR
Check Processing Manager Banking 206,398,800 IDR
Commercial Vault Associate Banking 158,398,200 IDR
Corporate Banker Banking 115,080,900 IDR
Corporate Dealer Banking 166,799,600 IDR
Credit Analyst Banking 124,799,100 IDR
Credit and Collections Manager Banking 215,998,500 IDR
Credit Card Fraud Investigator Banking 165,599,600 IDR
Credit Portfolio Manager Banking 316,799,800 IDR
Credit Risk Analyst Banking 185,999,300 IDR
Credit Risk Associate Banking 180,000,500 IDR
Direct Bank Sales Representative Banking 113,638,200 IDR
Exchange Control Consultant Banking 171,598,600 IDR
Executive Account Analyst Banking 160,800,900 IDR
Financial Bank Planning Consultant Banking 205,201,300 IDR
Financial Banking Analysis Manager Banking 236,398,300 IDR
Financial Banking Assistant Banking 76,801,100 IDR
Financial Banking Systems Manager Banking 219,601,200 IDR
Foreign Exchange Manager Banking 235,200,900 IDR
Fraud Analyst Banking 180,000,500 IDR
Fraud Detection Associate Banking 116,640,100 IDR
Fraud Detection Manager Banking 265,200,200 IDR
Fraud Detection Supervisor Banking 140,401,100 IDR
Internal Bank Audit Manager Banking 295,199,500 IDR
Internal Bank Auditor Banking 157,201,600 IDR
Internal Private Banker Banking 119,280,600 IDR
International Banking Manager Banking 331,199,700 IDR
Investment Banking Analyst Banking 231,599,000 IDR
Loan Analyst Banking 166,799,600 IDR
Loan Area Manager Banking 203,999,800 IDR
Loan Audit Team Leader Banking 190,800,100 IDR
Loan Branch Manager Banking 189,600,800 IDR
Loan Business Development Officer Banking 102,359,100 IDR
Loan Clerk Banking 59,878,400 IDR
Loan Collection and Recovery Manager Banking 202,799,300 IDR
Loan Collection Manager Banking 202,799,300 IDR
Loan Collector Banking 55,440,900 IDR
Loan Examiner Banking 74,039,800 IDR
Loan Officer Banking 62,041,800 IDR
Loan Processing Manager Banking 182,401,400 IDR
Loan Processor Banking 76,439,700 IDR
Loan Quality Assurance Auditor Banking 171,598,600 IDR
Loan Quality Assurance Manager Banking 191,999,600 IDR
Loan Review Manager Banking 193,201,900 IDR
Loan Team Leader Banking 172,800,900 IDR
Loans Manager Banking 218,400,400 IDR
Mortgage Advisor Banking 118,801,500 IDR
Mortgage Collection Manager Banking 200,401,500 IDR
Mortgage Collector Banking 56,041,700 IDR
Mortgage Credit Analyst Banking 91,201,900 IDR
Mortgage Credit Manager Banking 191,999,600 IDR
Mortgage Development Manager Banking 219,601,200 IDR
Mortgage Document Reviewer Banking 75,000,300 IDR
Mortgage Funding Manager Banking 223,198,300 IDR
Mortgage Operations Manager Banking 299,999,800 IDR
Mortgage Payment Processing Clerk Banking 66,119,000 IDR
Mortgage Processing Manager Banking 196,799,500 IDR
Mortgage Processor Banking 77,519,100 IDR
Mortgage Quality Assurance Auditor Banking 171,598,600 IDR
Mortgage Quality Assurance Manager Banking 196,799,500 IDR
Mortgage Servicing Clerk Banking 59,999,100 IDR
Mortgage Servicing Manager Banking 190,800,100 IDR
Mortgage Underwriter Banking 73,319,100 IDR
Online Banking Manager Banking 282,000,500 IDR
Payment Processing Clerk Banking 57,598,800 IDR
Personal Banker Banking 118,681,600 IDR
Personal Banking Advisor Banking 118,079,000 IDR
Phone Banker Banking 77,641,200 IDR
Private Banker Banking 117,600,500 IDR
Reconciliation and Investigation Specialist Banking 141,598,200 IDR
Tax Officer Banking 98,161,500 IDR
Teller Banking 55,678,400 IDR
Trade Officer Banking 70,801,500 IDR
Trade Product Manager Banking 202,799,300 IDR
Trader Banking 85,081,800 IDR
Treasury Operations Officer Banking 140,401,100 IDR

Salary Comparison by City

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

City Average Salary
Bandung 129,601,700 IDR
Jakarta 142,799,100 IDR
Makasar 125,999,700 IDR
Malang 112,559,300 IDR
Medan 135,600,300 IDR
Palembang 127,201,600 IDR
Semarang 119,998,200 IDR
Surabaya 135,600,300 IDR
Surakarta 114,599,200 IDR
Tangerang 129,601,700 IDR

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