Mortgage Processing Manager Average Salary in Cote Divoire 2024
How much money does a person working as Mortgage Processing Manager make in Cote Divoire?
LOW
191,000
XOF AVERAGE
416,000
XOF HIGH
661,000
XOF
A person working as Mortgage Processing Manager in Cote Divoire typically earns around 416,000 XOF. Salaries range from 191,000 XOF (lowest) to 661,000 XOF (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Mortgage Processing Manager salaries in Cote Divoire vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Mortgage Processing Manager Pay Scale and Salaries in Cote Divoire
Salary Structure and Pay Scale Comparison
394,000 XOF or more
346,000 to 394,000 XOF
238,000 XOF or less
238,000 to 346,000 XOF
 191,000 XOF |
397,000 XOF |
661,000 XOF |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Mortgage Processing Manager in Cote Divoire range from 191,000 XOF (starting salary) to 661,000 XOF (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 397,000 XOF, half of the professionals who work as Mortgage Processing Manager in Cote Divoire earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Mortgage Processing Manager in Cote Divoire earn less than 320,000 XOF, while 75% earn more. Similarly, the chart shows that 75% earn less than 458,000 XOF while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Mortgage Processing Manager in Cote Divoire compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 238,000 XOF to 346,000 XOF. About 20% of salaries are below the 238,000 XOF mark, while 10% fall within the range of 346,000 XOF to 394,000 XOF. Only 5% of individuals have salaries exceeding 394,000 XOF.
Salary Comparison by Years of Experience / Mortgage Processing Manager / Cote Divoire
How do experience and age affect pay?
| 0 - 2 Years | 217,000 XOF | |
| 2 - 5 Years | +34% | 290,000 XOF |
| 5 - 10 Years | +48% | 429,000 XOF |
| 10 - 15 Years | +22% | 523,000 XOF |
| 15 - 20 Years | +9% | 570,000 XOF |
| 20+ Years | +8% | 616,000 XOF |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Mortgage Processing Manager and this is what we found.
Employees with less than two years of experience earn approximately 217,000 XOF.
While someone with an experience level between two and five years is expected to earn 290,000 XOF, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 429,000 XOF, 48% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 523,000 XOF, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 570,000 XOF, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 616,000 XOF, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Mortgage Processing Manager / Cote Divoire
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Mortgage Processing Manager.
| Bachelor's Degree | 252,000 XOF | |
| Master's Degree | +93% | 487,000 XOF |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Mortgage Processing Manager in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 252,000 XOF.
Level 2: Master's Degree
At this level, the average salary becomes 487,000 XOF, 93% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Cote Divoire costs anywhere from 1,690,000 XOF to 5,070,000 XOF and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Mortgage Processing Manager / Cote Divoire
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Mortgage Processing Manager in Cote Divoire, the average difference between the salary of male and female employees is 21%.
| Male | 455,000 XOF | |
| Female | -17% | 376,000 XOF |
Salary Comparison By Gender in Cote Divoire for all Careers
Average Annual Salary Increment Percentage / Mortgage Processing Manager / Cote Divoire
How much are annual salary increments in Cote Divoire for individuals working as Mortgage Processing Manager? How often do employees get salary raises?
Individuals working as Mortgage Processing Manager in Cote Divoire are likely to observe a salary increase of approximately 8% every 28 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
Cote Divoire / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Mortgage Processing Manager / Cote Divoire
How much and how often are bonuses being awarded?
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33% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 67% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
| Received Bonus | 67% | |
| No Bonus | 33% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Mortgage Processing Manager / Cote Divoire
2,400 XOF per hourThe average hourly wage (pay per hour) for individuals working as Mortgage Processing Manager in Cote Divoire is 2,400 XOF.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Mortgage Processing Manager in Cote Divoire is 1,100 XOF. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Banking |  -100% | |
| AML Analyst | 501,000 XOF |  +20% |
| Assistant Bank Branch Manager | 459,000 XOF | +10% |
| Assistant Bank Manager | 595,000 XOF | +43% |
| ATM Manager | 480,000 XOF | +15% |
| ATM Service Technician | 139,000 XOF | -67% |
| Bank Accounts Analyst | 202,000 XOF | -51% |
| Bank Accounts Collector | 117,000 XOF | -72% |
| Bank Accounts Controller | 242,000 XOF | -42% |
| Bank Accounts Executive | 378,000 XOF | -9% |
| Bank Accounts Manager | 418,000 XOF | +1% |
| Bank Auditing Manager | 428,000 XOF | +3% |
| Bank Branch Manager | 595,000 XOF | +43% |
| Bank Branch Operations Coordinator | 270,000 XOF | -35% |
| Bank Clerk | 111,000 XOF | -73% |
| Bank Client Service Associate | 169,000 XOF | -59% |
| Bank Collector | 117,000 XOF | -72% |
| Bank Compliance Specialist | 320,000 XOF | -23% |
| Bank Manager | 705,000 XOF | +70% |
| Bank Operational Risk Manager | 683,000 XOF | +64% |
| Bank Operations Head | 716,000 XOF | +72% |
| Bank Operations Officer | 276,000 XOF | -34% |
| Bank Operations Specialist | 420,000 XOF | +1% |
| Bank Process Manager | 381,000 XOF | -8% |
| Bank Product Manager | 434,000 XOF | +4% |
| Bank Programme Manager | 501,000 XOF | +20% |
| Bank Project Manager | 551,000 XOF | +33% |
| Bank Propositions Manager | 487,000 XOF | +17% |
| Bank Quantitative Analyst | 367,000 XOF | -12% |
| Bank Regional Manager | 746,000 XOF | +79% |
| Bank Regional Risk Officer | 358,000 XOF | -14% |
| Bank Relationship Manager | 522,000 XOF | +26% |
| Bank Relationship Officer | 228,000 XOF | -45% |
| Bank Sustainability Analyst | 430,000 XOF | +3% |
| Bank Teller | 120,000 XOF | -71% |
| Banker | 249,000 XOF | -40% |
| Banking Business Analyst | 372,000 XOF | -11% |
| Banking Business Development Officer | 231,000 XOF | -44% |
| Banking Business Planning Executive | 515,000 XOF | +24% |
| Banking Data Analyst | 422,000 XOF | +1% |
| Banking Product Manager | 447,000 XOF | +8% |
| Banking Reference Data Manager | 392,000 XOF | -6% |
| Banking Regulatory Compliance Officer | 412,000 XOF | -1% |
| Banking Risk Analyst | 352,000 XOF | -15% |
| Banking Technical Analyst | 190,000 XOF | -54% |
| Bankruptcy Coordinator | 263,000 XOF | -37% |
| Bill and Account Collector | 135,000 XOF | -68% |
| Blockchain Analyst | 313,000 XOF | -25% |
| Blockchain Architect | 347,000 XOF | -17% |
| Blockchain Auditor | 324,000 XOF | -22% |
| Blockchain Compliance Analyst | 319,000 XOF | -23% |
| Blockchain Consultant | 353,000 XOF | -15% |
| Blockchain Trade Facilitator | 295,000 XOF | -29% |
| Budget Analyst | 361,000 XOF | -13% |
| Capital Risk Manager | 678,000 XOF | +63% |
| Cards Marketing Manager | 476,000 XOF | +14% |
| Cash Management Manager | 614,000 XOF | +48% |
| Check Processing Manager | 479,000 XOF | +15% |
| Chief Blockchain Officer | 422,000 XOF | +1% |
| Commercial Vault Associate | 345,000 XOF | -17% |
| Corporate Banker | 253,000 XOF | -39% |
| Corporate Dealer | 395,000 XOF | -5% |
| Credit Analyst | 276,000 XOF | -34% |
| Credit and Collections Manager | 505,000 XOF | +21% |
| Credit Card Fraud Investigator | 369,000 XOF | -11% |
| Credit Portfolio Manager | 714,000 XOF | +72% |
| Credit Risk Analyst | 408,000 XOF | -2% |
| Credit Risk Associate | 399,000 XOF | -4% |
| Cryptocurrency Accountant | 224,000 XOF | -46% |
| Cryptocurrency Adviser | 458,000 XOF | +10% |
| Cryptocurrency Analyst | 327,000 XOF | -21% |
| Cryptocurrency Compliance Manager | 429,000 XOF | +3% |
| Cryptocurrency Trader | 366,000 XOF | -12% |
| Digital Banking Manager | 487,000 XOF | +17% |
| Digital Currency Analyst | 344,000 XOF | -17% |
| Direct Bank Sales Representative | 267,000 XOF | -36% |
| Exchange Control Consultant | 394,000 XOF | -5% |
| Executive Account Analyst | 360,000 XOF | -13% |
| Financial Bank Planning Consultant | 455,000 XOF | +9% |
| Financial Banking Analysis Manager | 558,000 XOF | +34% |
| Financial Banking Assistant | 173,000 XOF | -58% |
| Financial Banking Systems Manager | 520,000 XOF | +25% |
| Foreign Exchange Manager | 531,000 XOF | +28% |
| Fraud Analyst | 388,000 XOF | -7% |
| Fraud Detection Associate | 277,000 XOF | -33% |
| Fraud Detection Manager | 551,000 XOF | +33% |
| Fraud Detection Supervisor | 319,000 XOF | -23% |
| Internal Bank Audit Manager | 670,000 XOF | +61% |
| Internal Bank Auditor | 340,000 XOF | -18% |
| Internal Private Banker | 268,000 XOF | -36% |
| International Banking Manager | 758,000 XOF | +82% |
| Investment Banking Analyst | 544,000 XOF | +31% |
| Loan Analyst | 371,000 XOF | -11% |
| Loan Area Manager | 432,000 XOF | +4% |
| Loan Audit Team Leader | 405,000 XOF | -3% |
| Loan Branch Manager | 422,000 XOF | +1% |
| Loan Business Development Officer | 217,000 XOF | -48% |
| Loan Clerk | 134,000 XOF | -68% |
| Loan Collection and Recovery Manager | 456,000 XOF | +10% |
| Loan Collection Manager | 433,000 XOF | +4% |
| Loan Collector | 119,000 XOF | -71% |
| Loan Examiner | 167,000 XOF | -60% |
| Loan Officer | 142,000 XOF | -66% |
| Loan Processing Manager | 393,000 XOF | -5% |
| Loan Processor | 173,000 XOF | -58% |
| Loan Quality Assurance Auditor | 371,000 XOF | -11% |
| Loan Quality Assurance Manager | 394,000 XOF | -5% |
| Loan Quality Assurance Representative | 277,000 XOF | -33% |
| Loan Review Manager | 398,000 XOF | -4% |
| Loan Team Leader | 376,000 XOF | -10% |
| Loans Manager | 507,000 XOF | +22% |
| Mortgage Advisor | 246,000 XOF | -41% |
| Mortgage Collection Manager | 438,000 XOF | +5% |
| Mortgage Collector | 117,000 XOF | -72% |
| Mortgage Credit Analyst | 200,000 XOF | -52% |
| Mortgage Credit Manager | 401,000 XOF | -4% |
| Mortgage Development Manager | 485,000 XOF | +17% |
| Mortgage Document Reviewer | 157,000 XOF | -62% |
| Mortgage Funding Manager | 493,000 XOF | +19% |
| Mortgage Operations Manager | 636,000 XOF | +53% |
| Mortgage Payment Processing Clerk | 134,000 XOF | -68% |
| Mortgage Processing Manager | 416,000 XOF | +0% |
| Mortgage Processor | 172,000 XOF | -59% |
| Mortgage Quality Assurance Auditor | 365,000 XOF | -12% |
| Mortgage Quality Assurance Manager | 399,000 XOF | -4% |
| Mortgage Servicing Clerk | 127,000 XOF | -69% |
| Mortgage Servicing Manager | 425,000 XOF | +2% |
| Mortgage Underwriter | 157,000 XOF | -62% |
| Online Banking Manager | 614,000 XOF | +48% |
| Open Banking Strategist | 361,000 XOF | -13% |
| Payment Processing Clerk | 132,000 XOF | -68% |
| Personal Banker | 277,000 XOF | -33% |
| Personal Banking Advisor | 277,000 XOF | -33% |
| Phone Banker | 177,000 XOF | -57% |
| Private Banker | 257,000 XOF | -38% |
| Reconciliation and Investigation Specialist | 304,000 XOF | -27% |
| Tax Officer | 227,000 XOF | -45% |
| Teller | 129,000 XOF | -69% |
| Trade Officer | 143,000 XOF | -66% |
| Trade Product Manager | 433,000 XOF | +4% |
| Trader | 173,000 XOF | -58% |
| Treasury Operations Officer | 326,000 XOF | -22% |
| Wealth Management Advisor | 509,000 XOF | +22% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Cote Divoire is 17% on average across all career fields.
| Private Sector | 315,000 XOF | |
| Public Sector | +17% | 369,000 XOF |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Mortgage Processing Manager in Cote Divoire?
A good and competitive compensation would range anywhere between 397,000 XOF and 458,000 XOF. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Mortgage Processing Manager in Cote Divoire ranges from 191,000 XOF to 320,000 XOF. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
