Average Loss Control Specialist Salary in Iraq for 2024

In this article, we will look at the average Loss Control Specialist salary for 2024 in Iraq 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 Iraqi dinar. To keep things simple, we are using the IQD currency code instead of the currency symbol ع.د.

How Much Does a Loss Control Specialist Make in Iraq?

A Loss Control Specialist working in Iraq will typically earn around 26,040,800 IQD per year, and this can range from the lowest average salary of about 12,721,300 IQD to the highest average salary of 40,679,700 IQD.

Average Annual Salary
26,040,800 IQD
Average Monthly Salary
2,170,066 IQD

Lowest Annual Salary
12,721,300 IQD
Lowest Monthly Salary
1,060,108 IQD

Highest Annual Salary
40,679,700 IQD
Highest Monthly Salary
3,389,975 IQD

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

Loss Control Specialist 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 Loss Control Specialist Salaries in Iraq

So we've looked at the average salaries a Loss Control Specialist will earn in Iraq. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Loss Control Specialist can earn between 12,721,300 IQD and 40,679,700 IQD on average in Iraq. 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 Loss Control Specialist in Iraq is 26,520,600 IQD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 26,520,600 IQD, and 50% of the population earn more than 26,520,600 IQD.

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 Loss Control Specialist salary in Iraq, 25% of the population are earning less than 17,758,500 IQD while 75% of the population earn more than 17,758,500 IQD.

75% of the population earn less than 34,319,800 IQD, and 25% of the population earn more than 34,319,800 IQD.

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.

Loss Control Specialist Salary by Experience Level in Iraq

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 loss control specialist 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 Loss Control Specialist in Iraq that has less than two years of experience can expect to earn somewhere in the region of 15,118,700 IQD.
  • 2 - 5 Years Experience. With two to five years of experience the average Loss Control Specialist salary would increase to 19,439,300 IQD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Loss Control Specialist, the average salary would be 26,880,900 IQD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 33,240,500 IQD.
  • 15 - 20 Years Experience. A Loss Control Specialist with 15 to 20 years of experience can earn an average of 35,640,500 IQD.
  • 20+ Years Experience. For a Loss Control Specialist with more than 20 years, the expected average salary increases to 38,039,000 IQD.

Average Salary by Experience Chart

0-2 Years
15,118,700 IQD
2-5 Years +29%
19,439,300 IQD
5-10 Years +38%
26,880,900 IQD
10-15 Years +24%
33,240,500 IQD
15-20 Years +7%
35,640,500 IQD
20+ Years +7%
38,039,000 IQD

Loss Control Specialist Salary by Education Level in Iraq

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 Loss Control Specialist in Iraq 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 Loss Control Specialist in Iraq with a bachelor's degree education can earn an average salary of 18,958,500 IQD.

  • Master's Degree. A Loss Control Specialist in Iraq with a master's degree education can earn an average salary of 30,360,800 IQD.

Average Salary by Education Chart

Bachelor's Degree
18,958,500 IQD
Master's Degree +60%
30,360,800 IQD

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 Iraq is around 10,200,000 to 30,700,000 IQD 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.

Loss Control Specialist 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 Iraq, a male loss control specialist will earn an average of 27,361,200 IQD, while a female loss control specialist will earn around 24,000,900 IQD.

This means that a male loss control specialist earns approximately 14% more than a female loss control specialist for performing the same job.

Average Salary by Gender Chart in Iraq

Male
27,361,200 IQD
Female -14%
24,000,900 IQD

Loss Control Specialist Average Pay Raise in Iraq

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 Loss Control Specialist in Iraq is around 10% every 21 months.

The national average pay raise across all professions and industries in Iraq is around 7% every 20 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 = ( 10 ÷ 21 ) × 12  = 6%

What this means is that a Loss Control Specialist in Iraq can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in Iraq for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Loss Control Specialist Bonus and Incentive Rates in Iraq

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 Loss Control Specialist is a moderate bonus based job, with 52% of employees reporting at least one bonus in the last 12 months.

48% 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
52%
No Bonus
48%

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 Iraq earn approximately 15% more than private sector employees in the same role.

Public Sector
26,399,200 IQD
Private Sector -15%
23,040,200 IQD

Salaries for Jobs Similar to a Loss Control Specialist

In the table below, we have salary information for jobs that are similar to a Loss Control Specialist in Iraq.

Job Title Category Salary
Actuarial Analyst Insurance 35,758,400 IQD
Actuarial Assistant Insurance 25,200,800 IQD
Actuarial Specialist Insurance 25,561,400 IQD
Actuary Insurance 35,039,300 IQD
Adjustment Insurance Clerk Insurance 9,886,200 IQD
Assistant Broker Insurance 16,918,700 IQD
Assistant Claims Manager Insurance 27,841,200 IQD
Associate Insurance Representative Insurance 12,958,200 IQD
Auditing Insurance Manager Insurance 39,718,900 IQD
Broker Insurance 25,440,400 IQD
Claim Advocacy Professional Insurance 26,520,600 IQD
Claims Adjuster Insurance 9,946,300 IQD
Claims Analyst Insurance 13,919,600 IQD
Claims Examiner Insurance 14,038,300 IQD
Claims Manager Insurance 38,158,300 IQD
Claims Processor Insurance 10,057,900 IQD
Claims Representative Insurance 11,638,300 IQD
Claims Resolution Specialist Insurance 28,560,900 IQD
Claims Supervisor Insurance 24,359,000 IQD
Complaints Specialist Insurance 23,040,200 IQD
Compliance Examiner Insurance 25,079,200 IQD
Compliance Officer Insurance 20,518,900 IQD
Compliance Reviewer Insurance 24,841,800 IQD
Consultant Insurance 26,399,200 IQD
Eligibility Interviewer Insurance 27,361,200 IQD
Eligibility Specialist Insurance 24,718,600 IQD
Insurance Account Manager Insurance 30,360,800 IQD
Insurance Accounts Executive Insurance 27,479,000 IQD
Insurance Adjuster Insurance 24,841,800 IQD
Insurance Agent Insurance 14,880,300 IQD
Insurance Analyst Insurance 24,239,000 IQD
Insurance Appraiser Insurance 25,801,200 IQD
Insurance Claims Clerk Insurance 9,599,200 IQD
Insurance Examiner Insurance 23,759,100 IQD
Insurance Investigator Insurance 24,478,500 IQD
Insurance Manager Insurance 43,800,600 IQD
Insurance Operations Manager Insurance 43,198,900 IQD
Insurance Policy Processing Clerk Insurance 9,684,600 IQD
Insurance Pricing Assistant Insurance 19,678,200 IQD
Insurance Program Manager Insurance 34,799,800 IQD
Insurance Project Manager Insurance 33,599,200 IQD
Insurance Quality Assurance Agent Insurance 23,280,700 IQD
Insurance Sales Agent Insurance 15,599,800 IQD
Insurance Sales Director Insurance 43,800,600 IQD
Insurance Sales Manager Insurance 33,119,100 IQD
Insurance Sales Representative Insurance 13,679,300 IQD
Insurance Team Leader Insurance 26,158,200 IQD
Insurance Underwriter Insurance 19,678,200 IQD
Loss Prevention Investigator Insurance 28,200,200 IQD
Loss Prevention Manager Insurance 35,758,400 IQD
Loss Prevention Specialist Insurance 26,280,300 IQD
Marine Underwriter Insurance 18,239,400 IQD
Medical Auditor Insurance 25,801,200 IQD
Monitoring and Performance Officer Insurance 18,720,200 IQD
Payment Services Specialist Insurance 27,118,300 IQD
Policy Change Director Insurance 38,760,100 IQD
Policy Change Supervisor Insurance 26,759,500 IQD
Policy Change Technician Insurance 11,998,600 IQD
Risk Analyst Insurance 27,960,400 IQD
Risk Management Director Insurance 48,721,100 IQD
Risk Management Supervisor Insurance 31,559,900 IQD
Risk Manager Insurance 47,038,300 IQD
Risk Modeling Manager Insurance 47,280,300 IQD
Title Insurance Typist Insurance 21,719,900 IQD
Training Manager Insurance 29,519,900 IQD

Salary Comparison by City

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

City Average Salary
Al-Basrah 27,001,700 IQD
Al-Mawsil 23,040,200 IQD
An-Najaf 25,919,400 IQD
Baghdad 28,200,200 IQD
Irbil 25,079,200 IQD
Kirkuk 23,878,400 IQD

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