Insurance

Product Development Specialist

Gross salary in Mongolia is

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80% of people earn:

1.3M - 4.0M MNT

10% earn less lthan 1.3M MNT

10% earns more than 4.0M MNT

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What does the data in the graph mean?

Salaries in the survey are expressed in gross.

Based on the Paylab.com salary survey, 80% of people on the Product Development Specialist position in the Mongolia earn between 1,303,718 MNT and 3,985,139 MNT monthly gross.

10% of employees earn less than 1,303,718 MNT and 10% of people earn more than 3,985,139 MNT.

The survey is based on data from employees, cleaned of extreme and duplicate values.

Description of job position

Monitoring the insurance market, developing new products and submitting proposals for changes to existing products.
Completing the texts of contracts, insurance clauses and special arrangements.
Drawing up the guidelines and bylaws relating to a given class of insurance.
Analysing the rates of insurance, and monitoring and analysing the loss ratio of the products.
Preparing documents for the implementation of changes related to product innovation in the information system.
Preparing and completing methodical seminars for distribution networks.
Providing expert consultations on the products in a given class of insurance to other sections of the company.

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The most common career path of an employee

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Position Product Development Specialist - Insurance in the labour market

In the salary ranking,
the job position takes

183. place

Women representation in position

n/a

Average age of respondent by position

n/a

812. place

Nursery School Teacher Assistant

Education, Science & Research

579,365 - 1,313,717 MNT

184. place

Art Director

Management

1,058,787 - 4,326,833 MNT

183. place

Product Development Specialist

Insurance

1,303,718 - 3,985,139 MNT

182. place

Controller

Economy, Finance, Accountancy

1,323,762 - 3,960,826 MNT

1. place

Chief Executive Officer

Top Management

2,320,971 - 11,588,618 MNT

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The salary report contains:

Salary for the position by region, education, experience, company size, age
Distribution of respondents into wage bands
Salary range from 1st to 9th decile
A breakdown of all monitored non-financial benefits
Analysis of financial benefits

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