Average Loss Prevention Investigator Salary in Oman for 2024

In this article, we will look at the average Loss Prevention Investigator salary for 2024 in Oman 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 Omani rial. To keep things simple, we are using the OMR currency code instead of the currency symbol ر.ع..

How Much Does a Loss Prevention Investigator Make in Oman?

A Loss Prevention Investigator working in Oman will typically earn around 20,000 OMR per year, and this can range from the lowest average salary of about 12,020 OMR to the highest average salary of 34,540 OMR.

Average Annual Salary
20,000 OMR
Average Monthly Salary
1,666 OMR

Lowest Annual Salary
12,020 OMR
Lowest Monthly Salary
1,001 OMR

Highest Annual Salary
34,540 OMR
Highest Monthly Salary
2,878 OMR

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

Loss Prevention Investigator 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 Prevention Investigator Salaries in Oman

So we've looked at the average salaries a Loss Prevention Investigator will earn in Oman. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Loss Prevention Investigator can earn between 12,020 OMR and 34,540 OMR on average in Oman. 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 Prevention Investigator in Oman is 22,540 OMR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 22,540 OMR, and 50% of the population earn more than 22,540 OMR.

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 Prevention Investigator salary in Oman, 25% of the population are earning less than 14,660 OMR while 75% of the population earn more than 14,660 OMR.

75% of the population earn less than 27,480 OMR, and 25% of the population earn more than 27,480 OMR.

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 Prevention Investigator Salary by Experience Level in Oman

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 prevention investigator 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 Prevention Investigator in Oman that has less than two years of experience can expect to earn somewhere in the region of 12,620 OMR.
  • 2 - 5 Years Experience. With two to five years of experience the average Loss Prevention Investigator salary would increase to 17,560 OMR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Loss Prevention Investigator, the average salary would be 20,760 OMR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 27,620 OMR.
  • 15 - 20 Years Experience. A Loss Prevention Investigator with 15 to 20 years of experience can earn an average of 29,320 OMR.
  • 20+ Years Experience. For a Loss Prevention Investigator with more than 20 years, the expected average salary increases to 34,080 OMR.

Average Salary by Experience Chart

0-2 Years
12,620 OMR
2-5 Years +42%
17,560 OMR
5-10 Years +31%
20,760 OMR
10-15 Years +23%
27,620 OMR
15-20 Years +6%
29,320 OMR
20+ Years +10%
34,080 OMR

Loss Prevention Investigator Salary by Education Level in Oman

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 Prevention Investigator in Oman 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 Prevention Investigator in Oman with a bachelor's degree education can earn an average salary of 18,280 OMR.

  • Master's Degree. A Loss Prevention Investigator in Oman with a master's degree education can earn an average salary of 29,040 OMR.

Average Salary by Education Chart

Bachelor's Degree
18,280 OMR
Master's Degree +43%
29,040 OMR

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 Oman is around 8,850 to 26,500 OMR 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 Prevention Investigator 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 Oman, a male loss prevention investigator will earn an average of 21,300 OMR, while a female loss prevention investigator will earn around 21,400 OMR.

This means that a male loss prevention investigator earns approximately 0% less than a female loss prevention investigator for performing the same job.

Average Salary by Gender Chart in Oman

Male
21,300 OMR
Female +0%
21,400 OMR

Loss Prevention Investigator Average Pay Raise in Oman

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 Prevention Investigator in Oman is around 10% every 19 months.

The national average pay raise across all professions and industries in Oman is around 7% every 19 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 ÷ 19 ) × 12  = 6%

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

Annual Pay Raise by Industry in Oman for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Loss Prevention Investigator Bonus and Incentive Rates in Oman

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 Prevention Investigator 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 Oman earn approximately 5% less than private sector employees in the same role.

Public Sector
19,940 OMR
Private Sector +5%
21,100 OMR

Salaries for Jobs Similar to a Loss Prevention Investigator

In the table below, we have salary information for jobs that are similar to a Loss Prevention Investigator in Oman.

Job Title Category Salary
Actuarial Analyst Insurance 29,540 OMR
Actuarial Assistant Insurance 17,740 OMR
Actuarial Specialist Insurance 21,100 OMR
Actuary Insurance 29,840 OMR
Adjustment Insurance Clerk Insurance 6,440 OMR
Assistant Broker Insurance 11,880 OMR
Assistant Claims Manager Insurance 20,000 OMR
Associate Insurance Representative Insurance 10,220 OMR
Auditing Insurance Manager Insurance 29,160 OMR
Broker Insurance 20,940 OMR
Claim Advocacy Professional Insurance 20,940 OMR
Claims Adjuster Insurance 7,040 OMR
Claims Analyst Insurance 12,760 OMR
Claims Examiner Insurance 8,880 OMR
Claims Manager Insurance 29,160 OMR
Claims Processor Insurance 7,300 OMR
Claims Representative Insurance 10,380 OMR
Claims Resolution Specialist Insurance 22,340 OMR
Claims Supervisor Insurance 19,160 OMR
Complaints Specialist Insurance 18,280 OMR
Compliance Examiner Insurance 17,740 OMR
Compliance Officer Insurance 17,620 OMR
Compliance Reviewer Insurance 20,500 OMR
Consultant Insurance 20,500 OMR
Eligibility Interviewer Insurance 24,840 OMR
Eligibility Specialist Insurance 23,520 OMR
Insurance Account Manager Insurance 25,660 OMR
Insurance Accounts Executive Insurance 21,300 OMR
Insurance Adjuster Insurance 18,280 OMR
Insurance Agent Insurance 12,200 OMR
Insurance Analyst Insurance 21,020 OMR
Insurance Appraiser Insurance 19,940 OMR
Insurance Claims Clerk Insurance 7,300 OMR
Insurance Examiner Insurance 16,980 OMR
Insurance Investigator Insurance 19,380 OMR
Insurance Manager Insurance 34,120 OMR
Insurance Operations Manager Insurance 36,700 OMR
Insurance Policy Processing Clerk Insurance 6,280 OMR
Insurance Pricing Assistant Insurance 18,780 OMR
Insurance Program Manager Insurance 27,620 OMR
Insurance Project Manager Insurance 23,700 OMR
Insurance Quality Assurance Agent Insurance 19,360 OMR
Insurance Sales Agent Insurance 12,180 OMR
Insurance Sales Director Insurance 33,960 OMR
Insurance Sales Manager Insurance 26,280 OMR
Insurance Sales Representative Insurance 12,840 OMR
Insurance Team Leader Insurance 24,840 OMR
Insurance Underwriter Insurance 17,260 OMR
Loss Control Specialist Insurance 19,060 OMR
Loss Prevention Manager Insurance 30,840 OMR
Loss Prevention Specialist Insurance 21,980 OMR
Marine Underwriter Insurance 17,020 OMR
Medical Auditor Insurance 21,400 OMR
Monitoring and Performance Officer Insurance 14,540 OMR
Payment Services Specialist Insurance 19,060 OMR
Policy Change Director Insurance 31,340 OMR
Policy Change Supervisor Insurance 22,660 OMR
Policy Change Technician Insurance 9,460 OMR
Risk Analyst Insurance 22,340 OMR
Risk Management Director Insurance 37,880 OMR
Risk Management Supervisor Insurance 29,040 OMR
Risk Manager Insurance 39,800 OMR
Risk Modeling Manager Insurance 39,160 OMR
Title Insurance Typist Insurance 19,200 OMR
Training Manager Insurance 23,480 OMR

Salary Comparison by City

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

City Average Salary
Muscat 24,800 OMR
Salalah 24,820 OMR

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