Average Loss Control Specialist Salary in Japan for 2024

In this article, we will look at the average Loss Control Specialist salary for 2024 in Japan 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 Japanese yen. To keep things simple, we are using the JPY currency code instead of the currency symbol ¥.

How Much Does a Loss Control Specialist Make in Japan?

A Loss Control Specialist working in Japan will typically earn around 6,469,100 JPY per year, and this can range from the lowest average salary of about 3,359,900 JPY to the highest average salary of 9,886,200 JPY.

Average Annual Salary
6,469,100 JPY
Average Monthly Salary
539,091 JPY

Lowest Annual Salary
3,359,900 JPY
Lowest Monthly Salary
279,991 JPY

Highest Annual Salary
9,886,200 JPY
Highest Monthly Salary
823,850 JPY

These are average salaries for a Loss Control Specialist in Japan 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 Japan

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

Salary ranges

We already know that a Loss Control Specialist can earn between 3,359,900 JPY and 9,886,200 JPY on average in Japan. 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 Japan is 6,203,500 JPY. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 6,203,500 JPY, and 50% of the population earn more than 6,203,500 JPY.

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 Japan, 25% of the population are earning less than 4,309,300 JPY while 75% of the population earn more than 4,309,300 JPY.

75% of the population earn less than 7,726,700 JPY, and 25% of the population earn more than 7,726,700 JPY.

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 Japan

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 Japan that has less than two years of experience can expect to earn somewhere in the region of 3,817,500 JPY.
  • 2 - 5 Years Experience. With two to five years of experience the average Loss Control Specialist salary would increase to 5,123,800 JPY.
  • 5 - 10 Years Experience. From five to ten years of experience as a Loss Control Specialist, the average salary would be 6,660,500 JPY.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 8,062,900 JPY.
  • 15 - 20 Years Experience. A Loss Control Specialist with 15 to 20 years of experience can earn an average of 8,807,800 JPY.
  • 20+ Years Experience. For a Loss Control Specialist with more than 20 years, the expected average salary increases to 9,276,800 JPY.

Average Salary by Experience Chart

0-2 Years
3,817,500 JPY
2-5 Years +34%
5,123,800 JPY
5-10 Years +30%
6,660,500 JPY
10-15 Years +21%
8,062,900 JPY
15-20 Years +9%
8,807,800 JPY
20+ Years +5%
9,276,800 JPY

Loss Control Specialist Salary by Education Level in Japan

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 Japan 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 Japan with a bachelor's degree education can earn an average salary of 5,388,100 JPY.

  • Master's Degree. A Loss Control Specialist in Japan with a master's degree education can earn an average salary of 7,477,100 JPY.

Average Salary by Education Chart

Bachelor's Degree
5,388,100 JPY
Master's Degree +39%
7,477,100 JPY

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 Japan is around 2,570,000 to 7,720,000 JPY 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 Japan, a male loss control specialist will earn an average of 6,660,500 JPY, while a female loss control specialist will earn around 6,300,400 JPY.

This means that a male loss control specialist earns approximately 6% more than a female loss control specialist for performing the same job.

Average Salary by Gender Chart in Japan

Male
6,660,500 JPY
Female -6%
6,300,400 JPY

Loss Control Specialist Average Pay Raise in Japan

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 Japan is around 11% every 17 months.

The national average pay raise across all professions and industries in Japan is around 8% every 16 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 Loss Control Specialist in Japan can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Japan for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Loss Control Specialist Bonus and Incentive Rates in Japan

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 55% of employees reporting at least one bonus in the last 12 months.

45% 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 5%.

Received Bonus
55%
No Bonus
45%

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 Japan earn approximately 4% more than private sector employees in the same role.

Public Sector
6,300,400 JPY
Private Sector -4%
6,048,900 JPY

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 Japan.

Job Title Category Salary
Actuarial Analyst Insurance 8,434,700 JPY
Actuarial Assistant Insurance 5,989,600 JPY
Actuarial Specialist Insurance 6,109,700 JPY
Actuary Insurance 8,940,400 JPY
Adjustment Insurance Clerk Insurance 2,327,100 JPY
Assistant Broker Insurance 4,140,900 JPY
Assistant Claims Manager Insurance 6,696,900 JPY
Associate Insurance Representative Insurance 3,288,400 JPY
Auditing Insurance Manager Insurance 9,385,400 JPY
Broker Insurance 6,613,100 JPY
Claim Advocacy Professional Insurance 6,395,900 JPY
Claims Adjuster Insurance 2,362,300 JPY
Claims Analyst Insurance 3,323,300 JPY
Claims Examiner Insurance 3,349,100 JPY
Claims Manager Insurance 9,166,100 JPY
Claims Processor Insurance 2,423,000 JPY
Claims Representative Insurance 2,854,700 JPY
Claims Resolution Specialist Insurance 6,922,100 JPY
Claims Supervisor Insurance 6,514,800 JPY
Complaints Specialist Insurance 5,914,900 JPY
Compliance Examiner Insurance 6,311,900 JPY
Compliance Officer Insurance 5,412,700 JPY
Compliance Reviewer Insurance 6,274,900 JPY
Consultant Insurance 6,648,800 JPY
Eligibility Interviewer Insurance 7,211,600 JPY
Eligibility Specialist Insurance 6,648,800 JPY
Insurance Account Manager Insurance 7,693,200 JPY
Insurance Accounts Executive Insurance 7,199,500 JPY
Insurance Adjuster Insurance 5,724,700 JPY
Insurance Agent Insurance 3,781,400 JPY
Insurance Analyst Insurance 6,529,400 JPY
Insurance Appraiser Insurance 6,433,500 JPY
Insurance Claims Clerk Insurance 2,401,300 JPY
Insurance Examiner Insurance 5,963,300 JPY
Insurance Investigator Insurance 6,168,300 JPY
Insurance Manager Insurance 10,943,000 JPY
Insurance Operations Manager Insurance 10,835,000 JPY
Insurance Policy Processing Clerk Insurance 2,447,200 JPY
Insurance Pricing Assistant Insurance 4,883,400 JPY
Insurance Program Manager Insurance 8,460,900 JPY
Insurance Project Manager Insurance 8,483,700 JPY
Insurance Quality Assurance Agent Insurance 5,591,900 JPY
Insurance Sales Agent Insurance 3,946,200 JPY
Insurance Sales Director Insurance 10,391,200 JPY
Insurance Sales Manager Insurance 8,425,800 JPY
Insurance Sales Representative Insurance 3,481,100 JPY
Insurance Team Leader Insurance 6,911,700 JPY
Insurance Underwriter Insurance 4,739,800 JPY
Loss Prevention Investigator Insurance 7,007,800 JPY
Loss Prevention Manager Insurance 8,940,400 JPY
Loss Prevention Specialist Insurance 6,587,900 JPY
Marine Underwriter Insurance 4,895,800 JPY
Medical Auditor Insurance 6,457,900 JPY
Monitoring and Performance Officer Insurance 4,681,400 JPY
Payment Services Specialist Insurance 6,754,900 JPY
Policy Change Director Insurance 10,488,300 JPY
Policy Change Supervisor Insurance 7,285,700 JPY
Policy Change Technician Insurance 2,976,900 JPY
Risk Analyst Insurance 6,971,100 JPY
Risk Management Director Insurance 12,121,000 JPY
Risk Management Supervisor Insurance 7,919,400 JPY
Risk Manager Insurance 11,867,000 JPY
Risk Modeling Manager Insurance 11,953,700 JPY
Title Insurance Typist Insurance 5,461,900 JPY
Training Manager Insurance 7,224,700 JPY

Salary Comparison by City

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

City Average Salary
Fukuoka 6,382,300 JPY
Hiroshima 5,711,000 JPY
Kawasaki 5,989,600 JPY
Kobe 6,274,900 JPY
Kyoto 6,132,900 JPY
Nagoya 6,682,700 JPY
Osaka 6,826,100 JPY
Saitama 5,843,600 JPY
Sapporo 6,539,600 JPY
Sendai 5,579,400 JPY
Tokyo 7,105,200 JPY
Yokohama 6,958,900 JPY

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