Average Loan Officer Salary in Philippines
The average annual salary of Loan Officer is ₱444,609.00
The starting salary of Loan Officer is between ₱102,842.00 and ₱120,990.00 whereas the maximum salary range is between ₱1,038,970.00 and ₱1,194,816.00.
| Minimum Annual Pay | Maximum Annual Pay |
|---|---|
| ₱102,842.00 | ₱1,194,816.00 |
The average hourly pay of Loan Officer is ₱55.77.
The starting hourly rate is between ₱35.00 and ₱41.04 for Loan Officer whereas the maximum hourly wage is between ₱602.77 and ₱693.00.
| Minimum Hourly Pay | Maximum Hourly Pay |
|---|---|
| ₱35.00 | ₱693.00 |
- Currency : PHP
- Annual Salary : ₱444,609.00
- Hourly Pay : ₱55.77
- Weekly Pay : ₱7,991.00
- Fortnightly Salary : ₱15,982.00
- Monthly Salary : ₱34,627.00
Loan Officer Salary Comparison by Gender
This pie chart demonstrates the gender share for Loan Officer. As indicated, the golden colour represents the percentage share for women and the green represents the percentage share for men.
As shown in the chart, female employees are involved significantly more as Loan Officer compared to male. Their involvement is 66% while of male is only 34%.
Salary Distribution Based on Years of Experience
The line graph shows Loan Officer salary in Philippines on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.
For Loan Officer working less than a year in a company, you notice that their annual salary starts around ₱283,500.00.
As the years of experience reaches 1 to 4, there is a significant increase of ₱168,510.84 which would give a total wage of PHP4,52,010.84.
Once the experience reaches 5-9 years Loan Officer salary would increase again to a total of ₱490,567.97, adding ₱38,557.13 from the last salary increase.
After reaching the 10-19 year experience in their career, decrease in salary is noted to a total of ₱318,000.00.
Prominent Skills Affecting Loan Officer Salary
The bar graph data indicates the importance of specific skills which can have a direct impact on Loan Officer's salary. It clearly highlights the skills needed for a post of Loan Officer when hired by an employer.
The most vital skill expected of Loan Officer is Financial Analysis which impacts the most than the rest of the skills indicated with a staggering 18% comparatively. Therefore, one’s salary would greatly depend on their skills in Financial Analysis.
The skill least likely to affect one’s pay would be Consumer Loans with 1%. It can be said that Consumer Loans skill will unlikely impact the salary.
Compensation Statistics Based on Experience Levels
This combination of a line and the bar graph shows how the experience affects the salary of Loan Officer. Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.
As shown in the trends, lowest earning is ₱284,550.00 whereas the highest earning is ₱502,408.00 which clearly shows the salary increases with the level of expertise.
Mid Carrer person will earn the maximum salary of ₱502,408.00 at 13%. So to summerize, Entry Level earns 36% less than the average salary, Early Career earns 5% more than the average salary, Mid Carrer earns 13% more than the average salary, Late Career earns 30% less than the average salary.