Average Policy Change Technician Salary in Mongolia for 2024

In this article, we will look at the average Policy Change Technician salary for 2024 in Mongolia 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 Mongolian tögrög. To keep things simple, we are using the MNT currency code instead of the currency symbol ₮.

How Much Does a Policy Change Technician Make in Mongolia?

A Policy Change Technician working in Mongolia will typically earn around 11,928,100 MNT per year, and this can range from the lowest average salary of about 5,963,300 MNT to the highest average salary of 18,479,600 MNT.

Average Annual Salary

11,928,100 MNT

Average Monthly Salary

994,008 MNT

Lowest Annual Salary

5,963,300 MNT

Lowest Monthly Salary

496,941 MNT

Highest Annual Salary

18,479,600 MNT

Highest Monthly Salary

1,539,966 MNT

These are average salaries for a Policy Change Technician in Mongolia and include benefits such as housing and transport. It's also possible for a Policy Change Technician to earn more or less than the average salaries shown above.

Policy Change Technician 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 Policy Change Technician Salaries in Mongolia

So we've looked at the average salaries a Policy Change Technician will earn in Mongolia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Policy Change Technician can earn between 5,963,300 MNT and 18,479,600 MNT on average in Mongolia. 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 Policy Change Technician in Mongolia is 11,928,100 MNT. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 11,928,100 MNT, and 50% of the population earn more than 11,928,100 MNT.

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 Policy Change Technician salary in Mongolia, 25% of the population are earning less than 8,051,500 MNT while 75% of the population earn more than 8,051,500 MNT.

75% of the population earn less than 15,238,200 MNT, and 25% of the population earn more than 15,238,200 MNT.

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.

Policy Change Technician Salary by Experience Level in Mongolia

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 policy change technician 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 Policy Change Technician in Mongolia that has less than two years of experience can expect to earn somewhere in the region of 7,150,200 MNT.
2 - 5 Years Experience. With two to five years of experience the average Policy Change Technician salary would increase to 9,466,400 MNT.
5 - 10 Years Experience. From five to ten years of experience as a Policy Change Technician, the average salary would be 12,721,300 MNT.
10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 15,118,700 MNT.
15 - 20 Years Experience. A Policy Change Technician with 15 to 20 years of experience can earn an average of 16,320,700 MNT.
20+ Years Experience. For a Policy Change Technician with more than 20 years, the expected average salary increases to 17,519,700 MNT.

Average Salary by Experience Chart

0-2 Years		7,150,200 MNT
2-5 Years	+32%	9,466,400 MNT
5-10 Years	+34%	12,721,300 MNT
10-15 Years	+19%	15,118,700 MNT
15-20 Years	+8%	16,320,700 MNT
20+ Years	+7%	17,519,700 MNT

Policy Change Technician Salary by Education Level in Mongolia

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 Policy Change Technician in Mongolia based on the education level of the employees in order to find out whether a better education level would increase your salary.

Certificate or Diploma. A Policy Change Technician in Mongolia with a certificate or diploma education can earn an average salary of 9,466,400 MNT.
Bachelor's Degree. A Policy Change Technician in Mongolia with a bachelor's degree education can earn an average salary of 12,958,200 MNT.
Master's Degree. A Policy Change Technician in Mongolia with a master's degree education can earn an average salary of 16,679,800 MNT.

Average Salary by Education Chart

Certificate or Diploma		9,466,400 MNT
Bachelor's Degree	+37%	12,958,200 MNT
Master's Degree	+29%	16,679,800 MNT

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 Mongolia is around 9,750,000 to 29,300,000 MNT 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.

Policy Change Technician 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 Mongolia, a male policy change technician will earn an average of 12,239,700 MNT, while a female policy change technician will earn around 11,617,300 MNT.

This means that a male policy change technician earns approximately 5% more than a female policy change technician for performing the same job.

Average Salary by Gender Chart in Mongolia

Male		12,239,700 MNT
Female	-5%	11,617,300 MNT

Policy Change Technician Average Pay Raise in Mongolia

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 Policy Change Technician in Mongolia is around 6% every 29 months.

The national average pay raise across all professions and industries in Mongolia is around 4% every 29 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 = ( 6 ÷ 29 ) × 12  = 2%

What this means is that a Policy Change Technician in Mongolia can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Mongolia for 2024

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

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%

Policy Change Technician Bonus and Incentive Rates in Mongolia

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 Policy Change Technician is a low bonus based job, with 36% of employees reporting at least one bonus in the last 12 months.

64% 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		36%
No Bonus		64%

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 Mongolia earn approximately 18% more than private sector employees in the same role.

Public Sector		25,561,400 MNT
Private Sector	-18%	21,719,900 MNT

Salaries for Jobs Similar to a Policy Change Technician

In the table below, we have salary information for jobs that are similar to a Policy Change Technician in Mongolia.

Job Title	Category	Salary
Actuarial Analyst	Insurance	30,721,900 MNT
Actuarial Assistant	Insurance	22,558,900 MNT
Actuarial Specialist	Insurance	21,599,000 MNT
Actuary	Insurance	32,038,500 MNT
Adjustment Insurance Clerk	Insurance	9,036,900 MNT
Assistant Broker	Insurance	15,480,300 MNT
Assistant Claims Manager	Insurance	26,399,200 MNT
Associate Insurance Representative	Insurance	12,600,600 MNT
Auditing Insurance Manager	Insurance	34,078,800 MNT
Broker	Insurance	23,159,200 MNT
Claim Advocacy Professional	Insurance	22,799,000 MNT
Claims Adjuster	Insurance	8,915,100 MNT
Claims Analyst	Insurance	11,772,100 MNT
Claims Examiner	Insurance	12,361,500 MNT
Claims Manager	Insurance	34,799,800 MNT
Claims Processor	Insurance	8,664,400 MNT
Claims Representative	Insurance	10,630,600 MNT
Claims Resolution Specialist	Insurance	25,561,400 MNT
Claims Supervisor	Insurance	24,119,700 MNT
Complaints Specialist	Insurance	20,518,900 MNT
Compliance Examiner	Insurance	22,441,700 MNT
Compliance Officer	Insurance	19,200,400 MNT
Compliance Reviewer	Insurance	20,878,800 MNT
Consultant	Insurance	23,638,700 MNT
Eligibility Interviewer	Insurance	23,878,400 MNT
Eligibility Specialist	Insurance	23,040,200 MNT
Insurance Account Manager	Insurance	28,318,900 MNT
Insurance Accounts Executive	Insurance	24,599,500 MNT
Insurance Adjuster	Insurance	21,841,900 MNT
Insurance Agent	Insurance	13,561,900 MNT
Insurance Analyst	Insurance	23,520,800 MNT
Insurance Appraiser	Insurance	22,681,800 MNT
Insurance Claims Clerk	Insurance	8,771,100 MNT
Insurance Examiner	Insurance	22,558,900 MNT
Insurance Investigator	Insurance	21,961,700 MNT
Insurance Manager	Insurance	39,960,800 MNT
Insurance Operations Manager	Insurance	41,040,700 MNT
Insurance Policy Processing Clerk	Insurance	9,025,900 MNT
Insurance Pricing Assistant	Insurance	18,359,600 MNT
Insurance Program Manager	Insurance	32,398,700 MNT
Insurance Project Manager	Insurance	30,119,100 MNT
Insurance Quality Assurance Agent	Insurance	21,241,100 MNT
Insurance Sales Agent	Insurance	13,679,300 MNT
Insurance Sales Director	Insurance	39,241,100 MNT
Insurance Sales Manager	Insurance	32,161,000 MNT
Insurance Sales Representative	Insurance	12,481,200 MNT
Insurance Team Leader	Insurance	24,478,500 MNT
Insurance Underwriter	Insurance	16,918,700 MNT
Loss Control Specialist	Insurance	21,961,700 MNT
Loss Prevention Investigator	Insurance	24,718,600 MNT
Loss Prevention Manager	Insurance	32,639,300 MNT
Loss Prevention Specialist	Insurance	24,958,800 MNT
Marine Underwriter	Insurance	18,121,700 MNT
Medical Auditor	Insurance	23,638,700 MNT
Monitoring and Performance Officer	Insurance	17,039,100 MNT
Payment Services Specialist	Insurance	23,878,400 MNT
Policy Change Director	Insurance	35,398,900 MNT
Policy Change Supervisor	Insurance	25,561,400 MNT
Risk Analyst	Insurance	27,118,300 MNT
Risk Management Director	Insurance	44,519,300 MNT
Risk Management Supervisor	Insurance	30,001,600 MNT
Risk Manager	Insurance	42,119,100 MNT
Risk Modeling Manager	Insurance	44,040,700 MNT
Title Insurance Typist	Insurance	19,439,300 MNT
Training Manager	Insurance	26,880,900 MNT

Salary Comparison by City

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

City	Average Salary
Ulan Bator	11,963,400 MNT

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