Average Payment Services Specialist Salary in Mauritania for 2024

In this article, we will look at the average Payment Services Specialist salary for 2024 in Mauritania 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 Mauritanian ouguiya. To keep things simple, we are using the MRU currency code instead of the currency symbol UM.

How Much Does a Payment Services Specialist Make in Mauritania?

A Payment Services Specialist working in Mauritania will typically earn around 246,200 MRU per year, and this can range from the lowest average salary of about 114,000 MRU to the highest average salary of 389,200 MRU.

Average Annual Salary
246,200 MRU
Average Monthly Salary
20,516 MRU

Lowest Annual Salary
114,000 MRU
Lowest Monthly Salary
9,500 MRU

Highest Annual Salary
389,200 MRU
Highest Monthly Salary
32,433 MRU

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

Payment Services 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 Payment Services Specialist Salaries in Mauritania

So we've looked at the average salaries a Payment Services Specialist will earn in Mauritania. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Payment Services Specialist can earn between 114,000 MRU and 389,200 MRU on average in Mauritania. 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 Payment Services Specialist in Mauritania is 263,200 MRU. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 263,200 MRU, and 50% of the population earn more than 263,200 MRU.

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 Payment Services Specialist salary in Mauritania, 25% of the population are earning less than 169,000 MRU while 75% of the population earn more than 169,000 MRU.

75% of the population earn less than 345,100 MRU, and 25% of the population earn more than 345,100 MRU.

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.

Payment Services Specialist Salary by Experience Level in Mauritania

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 payment services 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 Payment Services Specialist in Mauritania that has less than two years of experience can expect to earn somewhere in the region of 134,600 MRU.
  • 2 - 5 Years Experience. With two to five years of experience the average Payment Services Specialist salary would increase to 183,700 MRU.
  • 5 - 10 Years Experience. From five to ten years of experience as a Payment Services Specialist, the average salary would be 263,200 MRU.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 317,700 MRU.
  • 15 - 20 Years Experience. A Payment Services Specialist with 15 to 20 years of experience can earn an average of 339,100 MRU.
  • 20+ Years Experience. For a Payment Services Specialist with more than 20 years, the expected average salary increases to 367,900 MRU.

Average Salary by Experience Chart

0-2 Years
134,600 MRU
2-5 Years +38%
183,700 MRU
5-10 Years +42%
263,200 MRU
10-15 Years +22%
317,700 MRU
15-20 Years +6%
339,100 MRU
20+ Years +9%
367,900 MRU

Payment Services Specialist Salary by Education Level in Mauritania

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 Payment Services Specialist in Mauritania 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 Payment Services Specialist in Mauritania with a bachelor's degree education can earn an average salary of 183,700 MRU.

  • Master's Degree. A Payment Services Specialist in Mauritania with a master's degree education can earn an average salary of 339,100 MRU.

Average Salary by Education Chart

Bachelor's Degree
183,700 MRU
Master's Degree +83%
339,100 MRU

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 Mauritania is around 99,400 to 298,000 MRU 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.

Payment Services 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 Mauritania, a male payment services specialist will earn an average of 266,000 MRU, while a female payment services specialist will earn around 231,000 MRU.

This means that a male payment services specialist earns approximately 15% more than a female payment services specialist for performing the same job.

Average Salary by Gender Chart in Mauritania

Male
266,000 MRU
Female -15%
231,000 MRU

Payment Services Specialist Average Pay Raise in Mauritania

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 Payment Services Specialist in Mauritania is around 8% every 29 months.

The national average pay raise across all professions and industries in Mauritania 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 = ( 8 ÷ 29 ) × 12  = 3%

What this means is that a Payment Services Specialist in Mauritania can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Mauritania for 2024

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

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%

Payment Services Specialist Bonus and Incentive Rates in Mauritania

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 Payment Services Specialist is a low bonus based job, with 40% of employees reporting at least one bonus in the last 12 months.

60% 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 2% to 7%.

Received Bonus
40%
No Bonus
60%

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 Mauritania earn approximately 10% more than private sector employees in the same role.

Public Sector
247,800 MRU
Private Sector -10%
225,700 MRU

Salaries for Jobs Similar to a Payment Services Specialist

In the table below, we have salary information for jobs that are similar to a Payment Services Specialist in Mauritania.

Job Title Category Salary
Actuarial Analyst Insurance 340,000 MRU
Actuarial Assistant Insurance 225,700 MRU
Actuarial Specialist Insurance 233,900 MRU
Actuary Insurance 332,100 MRU
Adjustment Insurance Clerk Insurance 90,660 MRU
Assistant Broker Insurance 150,000 MRU
Assistant Claims Manager Insurance 267,100 MRU
Associate Insurance Representative Insurance 124,400 MRU
Auditing Insurance Manager Insurance 377,200 MRU
Broker Insurance 246,200 MRU
Claim Advocacy Professional Insurance 251,500 MRU
Claims Adjuster Insurance 87,040 MRU
Claims Analyst Insurance 129,000 MRU
Claims Examiner Insurance 119,700 MRU
Claims Manager Insurance 340,000 MRU
Claims Processor Insurance 93,100 MRU
Claims Representative Insurance 102,960 MRU
Claims Resolution Specialist Insurance 249,600 MRU
Claims Supervisor Insurance 231,000 MRU
Complaints Specialist Insurance 222,300 MRU
Compliance Examiner Insurance 232,400 MRU
Compliance Officer Insurance 197,600 MRU
Compliance Reviewer Insurance 215,100 MRU
Consultant Insurance 245,300 MRU
Eligibility Interviewer Insurance 246,200 MRU
Eligibility Specialist Insurance 240,500 MRU
Insurance Account Manager Insurance 282,500 MRU
Insurance Accounts Executive Insurance 258,400 MRU
Insurance Adjuster Insurance 221,500 MRU
Insurance Agent Insurance 150,000 MRU
Insurance Analyst Insurance 245,300 MRU
Insurance Appraiser Insurance 246,200 MRU
Insurance Claims Clerk Insurance 86,760 MRU
Insurance Examiner Insurance 217,900 MRU
Insurance Investigator Insurance 232,400 MRU
Insurance Manager Insurance 411,400 MRU
Insurance Operations Manager Insurance 407,300 MRU
Insurance Policy Processing Clerk Insurance 84,580 MRU
Insurance Pricing Assistant Insurance 187,300 MRU
Insurance Program Manager Insurance 313,700 MRU
Insurance Project Manager Insurance 314,500 MRU
Insurance Quality Assurance Agent Insurance 207,800 MRU
Insurance Sales Agent Insurance 143,200 MRU
Insurance Sales Director Insurance 389,200 MRU
Insurance Sales Manager Insurance 314,500 MRU
Insurance Sales Representative Insurance 128,500 MRU
Insurance Team Leader Insurance 259,100 MRU
Insurance Underwriter Insurance 185,100 MRU
Loss Control Specialist Insurance 228,000 MRU
Loss Prevention Investigator Insurance 254,800 MRU
Loss Prevention Manager Insurance 335,100 MRU
Loss Prevention Specialist Insurance 254,700 MRU
Marine Underwriter Insurance 172,400 MRU
Medical Auditor Insurance 240,500 MRU
Monitoring and Performance Officer Insurance 161,300 MRU
Policy Change Director Insurance 367,900 MRU
Policy Change Supervisor Insurance 263,100 MRU
Policy Change Technician Insurance 123,400 MRU
Risk Analyst Insurance 275,200 MRU
Risk Management Director Insurance 444,300 MRU
Risk Management Supervisor Insurance 299,500 MRU
Risk Manager Insurance 459,300 MRU
Risk Modeling Manager Insurance 430,000 MRU
Title Insurance Typist Insurance 209,500 MRU
Training Manager Insurance 259,100 MRU

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