Mortgage Payment Processing Clerk Average Salary in Nova Scotia 2024
How much money does a person working as Mortgage Payment Processing Clerk make in Nova Scotia?
LOW
26,500
CAD AVERAGE
50,100
CAD HIGH
76,100
CAD
A person working as Mortgage Payment Processing Clerk in Nova Scotia typically earns around 50,100 CAD. Salaries range from 26,500 CAD (lowest) to 76,100 CAD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Mortgage Payment Processing Clerk salaries in Nova Scotia vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Mortgage Payment Processing Clerk Pay Scale and Salaries in Nova Scotia
Salary Structure and Pay Scale Comparison
45,000 CAD or more
40,200 to 45,000 CAD
29,600 CAD or less
29,600 to 40,200 CAD
 26,500 CAD |
45,200 CAD |
76,100 CAD |
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 Payment Processing Clerk in Nova Scotia range from 26,500 CAD (starting salary) to 76,100 CAD (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 45,200 CAD, half of the professionals who work as Mortgage Payment Processing Clerk in Nova Scotia 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 Payment Processing Clerk in Nova Scotia earn less than 37,600 CAD, while 75% earn more. Similarly, the chart shows that 75% earn less than 51,100 CAD 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 Payment Processing Clerk in Nova Scotia compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 29,600 CAD to 40,200 CAD. About 20% of salaries are below the 29,600 CAD mark, while 10% fall within the range of 40,200 CAD to 45,000 CAD. Only 5% of individuals have salaries exceeding 45,000 CAD.
Salary Comparison by Years of Experience / Mortgage Payment Processing Clerk / Nova Scotia
How do experience and age affect pay?
| 0 - 2 Years | 30,500 CAD | |
| 2 - 5 Years | +23% | 37,500 CAD |
| 5 - 10 Years | +42% | 53,100 CAD |
| 10 - 15 Years | +17% | 62,000 CAD |
| 15 - 20 Years | +10% | 68,200 CAD |
| 20+ Years | +6% | 72,200 CAD |
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 Payment Processing Clerk and this is what we found.
Employees with less than two years of experience earn approximately 30,500 CAD.
While someone with an experience level between two and five years is expected to earn 37,500 CAD, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 53,100 CAD, 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 62,000 CAD, 17% 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 68,200 CAD, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 72,200 CAD, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Mortgage Payment Processing Clerk / Nova Scotia
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Mortgage Payment Processing Clerk.
| High School | 37,500 CAD | |
| Certificate or Diploma | +40% | 52,300 CAD |
| Bachelor's Degree | +42% | 74,100 CAD |
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 Payment Processing Clerk in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 37,500 CAD.
Level 2: Certificate or Diploma
At this level, the average salary becomes 52,300 CAD, 40% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 74,100 CAD, 42% more than the previous level.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Mortgage Payment Processing Clerk / Nova Scotia
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 Payment Processing Clerk in Canada, the average difference between the salary of male and female employees is 4%.
| Male | 50,400 CAD | |
| Female | -4% | 48,300 CAD |
Salary Comparison By Gender in Canada for all Careers
Average Annual Salary Increment Percentage / Mortgage Payment Processing Clerk / Nova Scotia
How much are annual salary increments in Nova Scotia for individuals working as Mortgage Payment Processing Clerk? How often do employees get salary raises?
Individuals working as Mortgage Payment Processing Clerk in Canada are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
Canada / 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 Payment Processing Clerk / Canada
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/canada/banking/mortgage-payment-processing-clerk/annual-salary-bonus-rate-canada-mortgage-payment-processing-clerk.jpg
100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
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 Payment Processing Clerk / Nova Scotia
24 CAD per hourThe average hourly wage (pay per hour) for individuals working as Mortgage Payment Processing Clerk in Nova Scotia is 24 CAD.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 Payment Processing Clerk in Nova Scotia is 13 CAD. 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 | 171,000 CAD |  +240% |
| Assistant Bank Branch Manager | 153,000 CAD | +210% |
| Assistant Bank Manager | 197,000 CAD | +290% |
| ATM Manager | 170,000 CAD | +240% |
| ATM Service Technician | 47,800 CAD | -5% |
| Bank Accounts Analyst | 69,900 CAD | +40% |
| Bank Accounts Collector | 40,400 CAD | -19% |
| Bank Accounts Controller | 88,000 CAD | +76% |
| Bank Accounts Executive | 133,000 CAD | +170% |
| Bank Accounts Manager | 143,000 CAD | +190% |
| Bank Auditing Manager | 157,000 CAD | +210% |
| Bank Branch Manager | 205,000 CAD | +310% |
| Bank Branch Operations Coordinator | 95,200 CAD | +90% |
| Bank Clerk | 41,100 CAD | -18% |
| Bank Client Service Associate | 56,700 CAD | +13% |
| Bank Collector | 41,600 CAD | -17% |
| Bank Compliance Specialist | 104,000 CAD | +110% |
| Bank Manager | 242,000 CAD | +380% |
| Bank Operational Risk Manager | 248,000 CAD | +400% |
| Bank Operations Head | 236,000 CAD | +370% |
| Bank Operations Officer | 95,600 CAD | +91% |
| Bank Operations Specialist | 154,000 CAD | +210% |
| Bank Process Manager | 137,000 CAD | +170% |
| Bank Product Manager | 154,000 CAD | +210% |
| Bank Programme Manager | 167,000 CAD | +230% |
| Bank Project Manager | 190,000 CAD | +280% |
| Bank Propositions Manager | 183,000 CAD | +270% |
| Bank Quantitative Analyst | 123,000 CAD | +150% |
| Bank Regional Manager | 241,000 CAD | +380% |
| Bank Regional Risk Officer | 125,000 CAD | +150% |
| Bank Relationship Manager | 180,000 CAD | +260% |
| Bank Relationship Officer | 83,500 CAD | +67% |
| Bank Sustainability Analyst | 137,000 CAD | +170% |
| Bank Teller | 42,900 CAD | -14% |
| Banker | 87,700 CAD | +75% |
| Banking Business Analyst | 129,000 CAD | +160% |
| Banking Business Development Officer | 77,200 CAD | +54% |
| Banking Business Planning Executive | 174,000 CAD | +250% |
| Banking Data Analyst | 144,000 CAD | +190% |
| Banking Product Manager | 162,000 CAD | +220% |
| Banking Reference Data Manager | 139,000 CAD | +180% |
| Banking Regulatory Compliance Officer | 151,000 CAD | +200% |
| Banking Risk Analyst | 131,000 CAD | +160% |
| Banking Technical Analyst | 69,600 CAD | +39% |
| Bankruptcy Coordinator | 93,500 CAD | +87% |
| Bill and Account Collector | 44,000 CAD | -12% |
| Blockchain Analyst | 113,000 CAD | +130% |
| Blockchain Architect | 121,000 CAD | +140% |
| Blockchain Auditor | 110,000 CAD | +120% |
| Blockchain Compliance Analyst | 116,000 CAD | +130% |
| Blockchain Consultant | 124,000 CAD | +150% |
| Blockchain Trade Facilitator | 108,000 CAD | +120% |
| Budget Analyst | 129,000 CAD | +160% |
| Capital Risk Manager | 234,000 CAD | +370% |
| Cards Marketing Manager | 165,000 CAD | +230% |
| Cash Management Manager | 220,000 CAD | +340% |
| Check Processing Manager | 166,000 CAD | +230% |
| Chief Blockchain Officer | 146,000 CAD | +190% |
| Commercial Vault Associate | 123,000 CAD | +150% |
| Corporate Banker | 90,900 CAD | +82% |
| Corporate Dealer | 134,000 CAD | +170% |
| Credit Analyst | 96,100 CAD | +92% |
| Credit and Collections Manager | 171,000 CAD | +240% |
| Credit Card Fraud Investigator | 133,000 CAD | +170% |
| Credit Portfolio Manager | 235,000 CAD | +370% |
| Credit Risk Analyst | 136,000 CAD | +170% |
| Credit Risk Associate | 139,000 CAD | +180% |
| Cryptocurrency Accountant | 82,100 CAD | +64% |
| Cryptocurrency Adviser | 163,000 CAD | +230% |
| Cryptocurrency Analyst | 113,000 CAD | +130% |
| Cryptocurrency Compliance Manager | 143,000 CAD | +190% |
| Cryptocurrency Trader | 131,000 CAD | +160% |
| Digital Banking Manager | 171,000 CAD | +240% |
| Digital Currency Analyst | 126,000 CAD | +150% |
| Direct Bank Sales Representative | 93,400 CAD | +87% |
| Exchange Control Consultant | 136,000 CAD | +170% |
| Executive Account Analyst | 130,000 CAD | +160% |
| Financial Bank Planning Consultant | 159,000 CAD | +220% |
| Financial Banking Analysis Manager | 183,000 CAD | +270% |
| Financial Banking Assistant | 60,600 CAD | +21% |
| Financial Banking Systems Manager | 177,000 CAD | +250% |
| Foreign Exchange Manager | 193,000 CAD | +290% |
| Fraud Analyst | 137,000 CAD | +170% |
| Fraud Detection Associate | 88,400 CAD | +77% |
| Fraud Detection Manager | 190,000 CAD | +280% |
| Fraud Detection Supervisor | 109,000 CAD | +120% |
| Internal Bank Audit Manager | 237,000 CAD | +370% |
| Internal Bank Auditor | 129,000 CAD | +160% |
| Internal Private Banker | 94,100 CAD | +88% |
| International Banking Manager | 251,000 CAD | +400% |
| Investment Banking Analyst | 190,000 CAD | +280% |
| Loan Analyst | 121,000 CAD | +140% |
| Loan Area Manager | 161,000 CAD | +220% |
| Loan Audit Team Leader | 151,000 CAD | +200% |
| Loan Branch Manager | 138,000 CAD | +180% |
| Loan Business Development Officer | 76,100 CAD | +52% |
| Loan Clerk | 45,400 CAD | -9% |
| Loan Collection and Recovery Manager | 145,000 CAD | +190% |
| Loan Collection Manager | 157,000 CAD | +210% |
| Loan Collector | 40,400 CAD | -19% |
| Loan Examiner | 55,000 CAD | +10% |
| Loan Officer | 49,000 CAD | -2% |
| Loan Processing Manager | 139,000 CAD | +180% |
| Loan Processor | 59,100 CAD | +18% |
| Loan Quality Assurance Auditor | 123,000 CAD | +150% |
| Loan Quality Assurance Manager | 139,000 CAD | +180% |
| Loan Quality Assurance Representative | 94,900 CAD | +90% |
| Loan Review Manager | 146,000 CAD | +190% |
| Loan Team Leader | 133,000 CAD | +170% |
| Loans Manager | 176,000 CAD | +250% |
| Mortgage Advisor | 84,800 CAD | +69% |
| Mortgage Collection Manager | 146,000 CAD | +190% |
| Mortgage Collector | 41,600 CAD | -17% |
| Mortgage Credit Analyst | 69,100 CAD | +38% |
| Mortgage Credit Manager | 148,000 CAD | +200% |
| Mortgage Development Manager | 157,000 CAD | +210% |
| Mortgage Document Reviewer | 54,600 CAD | +9% |
| Mortgage Funding Manager | 166,000 CAD | +230% |
| Mortgage Operations Manager | 223,000 CAD | +350% |
| Mortgage Payment Processing Clerk | 50,100 CAD | +0% |
| Mortgage Processing Manager | 150,000 CAD | +200% |
| Mortgage Processor | 54,200 CAD | +8% |
| Mortgage Quality Assurance Auditor | 120,000 CAD | +140% |
| Mortgage Quality Assurance Manager | 140,000 CAD | +180% |
| Mortgage Servicing Clerk | 42,800 CAD | -15% |
| Mortgage Servicing Manager | 139,000 CAD | +180% |
| Mortgage Underwriter | 53,500 CAD | +7% |
| Online Banking Manager | 218,000 CAD | +340% |
| Open Banking Strategist | 132,000 CAD | +160% |
| Payment Processing Clerk | 45,500 CAD | -9% |
| Personal Banker | 93,600 CAD | +87% |
| Personal Banking Advisor | 96,900 CAD | +94% |
| Phone Banker | 62,500 CAD | +25% |
| Private Banker | 94,600 CAD | +89% |
| Reconciliation and Investigation Specialist | 103,000 CAD | +110% |
| Tax Officer | 78,900 CAD | +58% |
| Teller | 43,000 CAD | -14% |
| Trade Officer | 53,700 CAD | +7% |
| Trade Product Manager | 142,000 CAD | +180% |
| Trader | 60,800 CAD | +21% |
| Treasury Operations Officer | 109,000 CAD | +120% |
| Wealth Management Advisor | 178,000 CAD | +260% |
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 Canada is 4% on average across all career fields.
| Private Sector | 117,000 CAD | |
| Public Sector | +4% | 122,000 CAD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Mortgage Payment Processing Clerk in Nova Scotia?
A good and competitive compensation would range anywhere between 45,200 CAD and 51,100 CAD. 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 Payment Processing Clerk in Nova Scotia ranges from 26,500 CAD to 37,600 CAD. 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
