A person working as Mortgage Credit Analyst in Cyprus typically earns around 1,190 EUR. Salaries range from 560 EUR (lowest) to 1,870 EUR (highest).
This is the average salary including housing, transport, and other benefits. Mortgage Credit Analyst salaries in Cyprus vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Minimum Salary 560 EUR |
Median 1,120 EUR |
Maximum 1,870 EUR |
Salaries for the position Mortgage Credit Analyst in Cyprus range from 560 EUR (starting salary) to 1,870 EUR (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.
With a median salary of 1,120 EUR, half of the professionals who work as Mortgage Credit Analyst in Cyprus 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.
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 Credit Analyst in Cyprus earn less than 910 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 1,290 EUR while 25% earn more.
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 Credit Analyst in Cyprus compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 680 EUR to 980 EUR. About 20% of salaries are below the 680 EUR mark, while 10% fall within the range of 980 EUR to 1,120 EUR. Only 5% of individuals have salaries exceeding 1,120 EUR.
0 - 2 Years | 640 EUR | |
2 - 5 Years | +38% | 890 EUR |
5 - 10 Years | +42% | 1,260 EUR |
10 - 15 Years | +22% | 1,540 EUR |
15 - 20 Years | +6% | 1,620 EUR |
20+ Years | +9% | 1,770 EUR |
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 Credit Analyst and this is what we found.
Employees with less than two years of experience earn approximately 640 EUR.
While someone with an experience level between two and five years is expected to earn 890 EUR, 38% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 1,260 EUR, 42% 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 1,540 EUR, 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 1,620 EUR, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 1,770 EUR, 9% more than people with fifteen to twenty years of experience.
Bachelor's Degree | 890 EUR | |
Master's Degree | +83% | 1,620 EUR |
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 Credit Analyst in order to make a comparison.
Employees at this education level have an average salary of 890 EUR.
At this level, the average salary becomes 1,620 EUR, 83% more than the previous level.
A Master's degree program or any post-graduate program in Cyprus costs anywhere from 10,900 EUR to 32,600 EUR 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.
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 Credit Analyst in Cyprus, the average difference between the salary of male and female employees is 6%.
Male | 1,230 EUR | |
Female | -6% | 1,150 EUR |
Individuals working as Mortgage Credit Analyst in Cyprus are likely to observe a salary increase of approximately 8% every 26 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
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.
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
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.
61% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 39% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.
Received Bonus | 39% | |
No Bonus | 61% |
The 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.
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.
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.
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.
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.
The minimum pay rate per hour for people working as Mortgage Credit Analyst in Cyprus is 3 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Job Title | Average Salary |
Banking | -100% | |
AML Analyst | 3,450 EUR | +190% |
Assistant Bank Branch Manager | 2,920 EUR | +150% |
Assistant Bank Manager | 3,720 EUR | +210% |
ATM Manager | 3,000 EUR | +150% |
ATM Service Technician | 880 EUR | -26% |
Bank Accounts Analyst | 1,270 EUR | +7% |
Bank Accounts Collector | 730 EUR | -38% |
Bank Accounts Controller | 1,650 EUR | +39% |
Bank Accounts Executive | 2,350 EUR | +98% |
Bank Accounts Manager | 2,880 EUR | +140% |
Bank Auditing Manager | 2,700 EUR | +130% |
Bank Branch Manager | 3,770 EUR | +220% |
Bank Branch Operations Coordinator | 1,680 EUR | +42% |
Bank Clerk | 720 EUR | -39% |
Bank Client Service Associate | 1,010 EUR | -15% |
Bank Collector | 740 EUR | -38% |
Bank Compliance Specialist | 2,080 EUR | +75% |
Bank Manager | 4,540 EUR | +280% |
Bank Operational Risk Manager | 4,300 EUR | +260% |
Bank Operations Head | 4,590 EUR | +290% |
Bank Operations Officer | 1,820 EUR | +53% |
Bank Operations Specialist | 2,720 EUR | +130% |
Bank Process Manager | 2,600 EUR | +120% |
Bank Product Manager | 2,790 EUR | +140% |
Bank Programme Manager | 3,190 EUR | +170% |
Bank Project Manager | 3,440 EUR | +190% |
Bank Propositions Manager | 3,160 EUR | +170% |
Bank Quantitative Analyst | 2,210 EUR | +86% |
Bank Regional Manager | 4,640 EUR | +290% |
Bank Regional Risk Officer | 2,340 EUR | +97% |
Bank Relationship Manager | 3,250 EUR | +170% |
Bank Relationship Officer | 1,540 EUR | +30% |
Bank Sustainability Analyst | 2,610 EUR | +120% |
Bank Teller | 770 EUR | -35% |
Banker | 1,580 EUR | +33% |
Banking Business Analyst | 2,380 EUR | +100% |
Banking Business Development Officer | 1,480 EUR | +25% |
Banking Business Planning Executive | 3,390 EUR | +190% |
Banking Data Analyst | 2,830 EUR | +140% |
Banking Product Manager | 2,810 EUR | +140% |
Banking Reference Data Manager | 2,450 EUR | +110% |
Banking Regulatory Compliance Officer | 2,780 EUR | +130% |
Banking Risk Analyst | 2,420 EUR | +100% |
Banking Technical Analyst | 1,250 EUR | +5% |
Bankruptcy Coordinator | 1,710 EUR | +44% |
Bill and Account Collector | 860 EUR | -27% |
Blockchain Analyst | 2,000 EUR | +69% |
Blockchain Architect | 2,220 EUR | +87% |
Blockchain Auditor | 2,090 EUR | +76% |
Blockchain Compliance Analyst | 2,060 EUR | +74% |
Blockchain Consultant | 2,280 EUR | +92% |
Blockchain Trade Facilitator | 1,940 EUR | +64% |
Budget Analyst | 2,310 EUR | +95% |
Capital Risk Manager | 4,230 EUR | +260% |
Cards Marketing Manager | 3,000 EUR | +150% |
Cash Management Manager | 3,960 EUR | +230% |
Check Processing Manager | 3,100 EUR | +160% |
Chief Blockchain Officer | 2,500 EUR | +110% |
Commercial Vault Associate | 2,350 EUR | +98% |
Corporate Banker | 1,630 EUR | +37% |
Corporate Dealer | 2,380 EUR | +100% |
Credit Analyst | 1,800 EUR | +52% |
Credit and Collections Manager | 3,300 EUR | +180% |
Credit Card Fraud Investigator | 2,420 EUR | +100% |
Credit Portfolio Manager | 4,530 EUR | +280% |
Credit Risk Analyst | 2,720 EUR | +130% |
Credit Risk Associate | 2,470 EUR | +110% |
Cryptocurrency Accountant | 1,450 EUR | +22% |
Cryptocurrency Adviser | 2,970 EUR | +150% |
Cryptocurrency Analyst | 2,130 EUR | +80% |
Cryptocurrency Compliance Manager | 2,800 EUR | +140% |
Cryptocurrency Trader | 2,400 EUR | +100% |
Digital Banking Manager | 3,230 EUR | +170% |
Digital Currency Analyst | 2,320 EUR | +96% |
Direct Bank Sales Representative | 1,590 EUR | +34% |
Exchange Control Consultant | 2,440 EUR | +110% |
Executive Account Analyst | 2,300 EUR | +94% |
Financial Bank Planning Consultant | 2,970 EUR | +150% |
Financial Banking Analysis Manager | 3,340 EUR | +180% |
Financial Banking Assistant | 1,150 EUR | -3% |
Financial Banking Systems Manager | 3,130 EUR | +160% |
Foreign Exchange Manager | 3,540 EUR | +200% |
Fraud Analyst | 2,470 EUR | +110% |
Fraud Detection Associate | 1,680 EUR | +42% |
Fraud Detection Manager | 3,580 EUR | +200% |
Fraud Detection Supervisor | 2,140 EUR | +80% |
Internal Bank Audit Manager | 4,090 EUR | +240% |
Internal Bank Auditor | 2,300 EUR | +94% |
Internal Private Banker | 1,730 EUR | +46% |
International Banking Manager | 4,660 EUR | +290% |
Investment Banking Analyst | 3,240 EUR | +170% |
Loan Analyst | 2,320 EUR | +96% |
Loan Area Manager | 2,970 EUR | +150% |
Loan Audit Team Leader | 2,780 EUR | +130% |
Loan Branch Manager | 2,640 EUR | +120% |
Loan Business Development Officer | 1,360 EUR | +15% |
Loan Clerk | 840 EUR | -29% |
Loan Collection and Recovery Manager | 2,880 EUR | +140% |
Loan Collection Manager | 2,720 EUR | +130% |
Loan Collector | 750 EUR | -37% |
Loan Examiner | 1,060 EUR | -11% |
Loan Officer | 880 EUR | -26% |
Loan Processing Manager | 2,500 EUR | +110% |
Loan Processor | 1,110 EUR | -6% |
Loan Quality Assurance Auditor | 2,380 EUR | +100% |
Loan Quality Assurance Manager | 2,530 EUR | +110% |
Loan Quality Assurance Representative | 1,790 EUR | +51% |
Loan Review Manager | 2,580 EUR | +120% |
Loan Team Leader | 2,440 EUR | +110% |
Loans Manager | 3,190 EUR | +170% |
Mortgage Advisor | 1,600 EUR | +35% |
Mortgage Collection Manager | 2,860 EUR | +140% |
Mortgage Collector | 760 EUR | -36% |
Mortgage Credit Analyst | 1,190 EUR | +0% |
Mortgage Credit Manager | 2,640 EUR | +120% |
Mortgage Development Manager | 2,890 EUR | +140% |
Mortgage Document Reviewer | 1,040 EUR | -12% |
Mortgage Funding Manager | 2,960 EUR | +150% |
Mortgage Operations Manager | 3,880 EUR | +230% |
Mortgage Payment Processing Clerk | 910 EUR | -23% |
Mortgage Processing Manager | 2,770 EUR | +130% |
Mortgage Processor | 1,040 EUR | -12% |
Mortgage Quality Assurance Auditor | 2,240 EUR | +89% |
Mortgage Quality Assurance Manager | 2,710 EUR | +130% |
Mortgage Servicing Clerk | 850 EUR | -28% |
Mortgage Servicing Manager | 2,590 EUR | +120% |
Mortgage Underwriter | 970 EUR | -18% |
Online Banking Manager | 4,190 EUR | +250% |
Open Banking Strategist | 2,440 EUR | +110% |
Payment Processing Clerk | 820 EUR | -31% |
Personal Banker | 1,770 EUR | +49% |
Personal Banking Advisor | 1,650 EUR | +39% |
Phone Banker | 1,080 EUR | -9% |
Private Banker | 1,760 EUR | +48% |
Reconciliation and Investigation Specialist | 1,880 EUR | +59% |
Tax Officer | 1,430 EUR | +21% |
Teller | 810 EUR | -32% |
Trade Officer | 970 EUR | -18% |
Trade Product Manager | 2,660 EUR | +120% |
Trader | 1,180 EUR | -1% |
Treasury Operations Officer | 2,090 EUR | +76% |
Wealth Management Advisor | 3,270 EUR | +180% |
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 Cyprus is 18% on average across all career fields.
Private Sector | 1,950 EUR | |
Public Sector | +18% | 2,300 EUR |
A good and competitive compensation would range anywhere between 1,120 EUR and 1,290 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
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.
The base salary for a careers like Mortgage Credit Analyst in Cyprus ranges from 560 EUR to 910 EUR. 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.
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