Average Mortgage Advisor Salary in Comoros for 2024

In this article, we will look at the average Mortgage Advisor salary for 2024 in Comoros and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Comorian franc. To keep things simple, we are using the KMF currency code instead of the currency symbol Fr.

How Much Does a Mortgage Advisor Make in Comoros?

A Mortgage Advisor working in Comoros will typically earn around 2,773,700 KMF per year, and this can range from the lowest average salary of about 1,440,700 KMF to the highest average salary of 4,235,500 KMF.

Average Annual Salary
2,773,700 KMF
Average Monthly Salary
231,141 KMF

Lowest Annual Salary
1,440,700 KMF
Lowest Monthly Salary
120,058 KMF

Highest Annual Salary
4,235,500 KMF
Highest Monthly Salary
352,958 KMF

These are average salaries for a Mortgage Advisor in Comoros and include benefits such as housing and transport. It's also possible for a Mortgage Advisor to earn more or less than the average salaries shown above.

Mortgage Advisor salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Mortgage Advisor Salaries in Comoros

So we've looked at the average salaries a Mortgage Advisor will earn in Comoros. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Mortgage Advisor can earn between 1,440,700 KMF and 4,235,500 KMF on average in Comoros. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Mortgage Advisor in Comoros is 2,662,900 KMF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,662,900 KMF, and 50% of the population earn more than 2,662,900 KMF.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Mortgage Advisor salary in Comoros, 25% of the population are earning less than 1,846,200 KMF while 75% of the population earn more than 1,846,200 KMF.

75% of the population earn less than 3,312,100 KMF, and 25% of the population earn more than 3,312,100 KMF.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Mortgage Advisor Salary by Experience Level in Comoros

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average mortgage advisor salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Mortgage Advisor in Comoros that has less than two years of experience can expect to earn somewhere in the region of 1,632,100 KMF.
  • 2 - 5 Years Experience. With two to five years of experience the average Mortgage Advisor salary would increase to 2,197,700 KMF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Mortgage Advisor, the average salary would be 2,854,700 KMF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 3,455,900 KMF.
  • 15 - 20 Years Experience. A Mortgage Advisor with 15 to 20 years of experience can earn an average of 3,781,400 KMF.
  • 20+ Years Experience. For a Mortgage Advisor with more than 20 years, the expected average salary increases to 3,970,700 KMF.

Average Salary by Experience Chart

0-2 Years
1,632,100 KMF
2-5 Years +34%
2,197,700 KMF
5-10 Years +30%
2,854,700 KMF
10-15 Years +21%
3,455,900 KMF
15-20 Years +9%
3,781,400 KMF
20+ Years +5%
3,970,700 KMF

Mortgage Advisor Salary by Education Level in Comoros

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Mortgage Advisor in Comoros based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. A Mortgage Advisor in Comoros with a certificate or diploma education can earn an average salary of 1,942,700 KMF.

  • Bachelor's Degree. A Mortgage Advisor in Comoros with a bachelor's degree education can earn an average salary of 2,953,200 KMF.

  • Master's Degree. A Mortgage Advisor in Comoros with a master's degree education can earn an average salary of 4,187,600 KMF.

Average Salary by Education Chart

Certificate or Diploma
1,942,700 KMF
Bachelor's Degree +52%
2,953,200 KMF
Master's Degree +42%
4,187,600 KMF

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Comoros is around 1,510,000 to 4,530,000 KMF and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Mortgage Advisor Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Comoros, a male mortgage advisor will earn an average of 2,953,200 KMF, while a female mortgage advisor will earn around 2,653,700 KMF.

This means that a male mortgage advisor earns approximately 11% more than a female mortgage advisor for performing the same job.

Average Salary by Gender Chart in Comoros

Male
2,953,200 KMF
Female -11%
2,653,700 KMF

Mortgage Advisor Average Pay Raise in Comoros

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Mortgage Advisor in Comoros is around 8% every 27 months.

The national average pay raise across all professions and industries in Comoros is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 8 ÷ 27 ) × 12  = 4%

What this means is that a Mortgage Advisor in Comoros can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Comoros for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Comoros.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Mortgage Advisor Bonus and Incentive Rates in Comoros

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Mortgage Advisor is a moderate bonus based job, with 60% of employees reporting at least one bonus in the last 12 months.

40% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 6% to 8%.

Received Bonus
60%
No Bonus
40%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Comoros earn approximately 14% more than private sector employees in the same role.

Public Sector
3,912,600 KMF
Private Sector -14%
3,444,200 KMF

Salaries for Jobs Similar to a Mortgage Advisor

In the table below, we have salary information for jobs that are similar to a Mortgage Advisor in Comoros.

Job Title Category Salary
AML Analyst Banking 5,663,200 KMF
Assistant Bank Branch Manager Banking 4,537,100 KMF
Assistant Bank Manager Banking 6,048,900 KMF
ATM Manager Banking 5,363,700 KMF
ATM Service Technician Banking 1,405,700 KMF
Bank Accounts Analyst Banking 2,086,500 KMF
Bank Accounts Collector Banking 1,235,600 KMF
Bank Accounts Controller Banking 2,759,700 KMF
Bank Accounts Executive Banking 3,889,500 KMF
Bank Accounts Manager Banking 4,726,900 KMF
Bank Auditing Manager Banking 4,739,800 KMF
Bank Branch Manager Banking 6,514,800 KMF
Bank Branch Operations Coordinator Banking 2,773,700 KMF
Bank Clerk Banking 1,296,900 KMF
Bank Client Service Associate Banking 1,825,000 KMF
Bank Collector Banking 1,320,500 KMF
Bank Compliance Specialist Banking 3,373,200 KMF
Bank Manager Banking 7,271,300 KMF
Bank Operational Risk Manager Banking 7,342,500 KMF
Bank Operations Head Banking 7,464,400 KMF
Bank Operations Officer Banking 2,998,500 KMF
Bank Operations Specialist Banking 4,777,400 KMF
Bank Process Manager Banking 4,224,200 KMF
Bank Product Manager Banking 4,981,700 KMF
Bank Programme Manager Banking 4,943,500 KMF
Bank Project Manager Banking 5,794,900 KMF
Bank Propositions Manager Banking 5,315,900 KMF
Bank Quantitative Analyst Banking 3,984,100 KMF
Bank Regional Manager Banking 7,896,400 KMF
Bank Regional Risk Officer Banking 4,152,200 KMF
Bank Relationship Manager Banking 5,483,600 KMF
Bank Relationship Officer Banking 2,508,300 KMF
Bank Teller Banking 1,417,600 KMF
Banker Banking 2,617,900 KMF
Banking Business Analyst Banking 4,019,900 KMF
Banking Business Development Officer Banking 2,485,800 KMF
Banking Business Planning Executive Banking 5,843,600 KMF
Banking Product Manager Banking 4,799,700 KMF
Banking Reference Data Manager Banking 4,380,400 KMF
Banking Risk Analyst Banking 3,863,700 KMF
Banking Technical Analyst Banking 2,038,500 KMF
Bankruptcy Coordinator Banking 2,688,800 KMF
Bill and Account Collector Banking 1,391,600 KMF
Budget Analyst Banking 3,925,200 KMF
Capital Risk Manager Banking 7,129,200 KMF
Cards Marketing Manager Banking 4,943,500 KMF
Cash Management Manager Banking 7,259,000 KMF
Check Processing Manager Banking 5,099,700 KMF
Commercial Vault Associate Banking 3,706,100 KMF
Corporate Banker Banking 2,987,000 KMF
Corporate Dealer Banking 3,996,300 KMF
Credit Analyst Banking 3,192,300 KMF
Credit and Collections Manager Banking 5,267,700 KMF
Credit Card Fraud Investigator Banking 4,235,500 KMF
Credit Portfolio Manager Banking 7,561,700 KMF
Credit Risk Analyst Banking 4,224,200 KMF
Credit Risk Associate Banking 4,391,800 KMF
Direct Bank Sales Representative Banking 2,759,700 KMF
Exchange Control Consultant Banking 4,211,600 KMF
Executive Account Analyst Banking 4,019,900 KMF
Financial Bank Planning Consultant Banking 5,267,700 KMF
Financial Banking Analysis Manager Banking 5,698,400 KMF
Financial Banking Assistant Banking 1,942,700 KMF
Financial Banking Systems Manager Banking 5,256,700 KMF
Foreign Exchange Manager Banking 5,902,400 KMF
Fraud Analyst Banking 4,079,300 KMF
Fraud Detection Associate Banking 2,773,700 KMF
Fraud Detection Manager Banking 6,193,900 KMF
Fraud Detection Supervisor Banking 3,514,400 KMF
Internal Bank Audit Manager Banking 7,309,600 KMF
Internal Bank Auditor Banking 3,685,200 KMF
Internal Private Banker Banking 2,941,000 KMF
International Banking Manager Banking 8,182,600 KMF
Investment Banking Analyst Banking 5,614,600 KMF
Loan Analyst Banking 4,043,600 KMF
Loan Area Manager Banking 4,739,800 KMF
Loan Audit Team Leader Banking 4,439,200 KMF
Loan Branch Manager Banking 4,609,700 KMF
Loan Business Development Officer Banking 2,362,300 KMF
Loan Clerk Banking 1,450,700 KMF
Loan Collection and Recovery Manager Banking 4,870,300 KMF
Loan Collection Manager Banking 4,642,200 KMF
Loan Collector Banking 1,259,300 KMF
Loan Examiner Banking 1,765,300 KMF
Loan Officer Banking 1,524,300 KMF
Loan Processing Manager Banking 4,140,900 KMF
Loan Processor Banking 1,811,000 KMF
Loan Quality Assurance Auditor Banking 3,863,700 KMF
Loan Quality Assurance Manager Banking 4,510,700 KMF
Loan Quality Assurance Representative Banking 2,854,700 KMF
Loan Review Manager Banking 4,524,400 KMF
Loan Team Leader Banking 3,840,400 KMF
Loans Manager Banking 5,256,700 KMF
Mortgage Collection Manager Banking 4,429,300 KMF
Mortgage Collector Banking 1,296,900 KMF
Mortgage Credit Analyst Banking 2,003,200 KMF
Mortgage Credit Manager Banking 4,414,800 KMF
Mortgage Development Manager Banking 5,305,100 KMF
Mortgage Document Reviewer Banking 1,716,600 KMF
Mortgage Funding Manager Banking 5,340,600 KMF
Mortgage Operations Manager Banking 6,733,900 KMF
Mortgage Payment Processing Clerk Banking 1,560,800 KMF
Mortgage Processing Manager Banking 4,488,100 KMF
Mortgage Processor Banking 1,846,200 KMF
Mortgage Quality Assurance Auditor Banking 3,829,500 KMF
Mortgage Quality Assurance Manager Banking 4,594,300 KMF
Mortgage Servicing Clerk Banking 1,357,900 KMF
Mortgage Servicing Manager Banking 4,524,400 KMF
Mortgage Underwriter Banking 1,632,100 KMF
Online Banking Manager Banking 6,600,900 KMF
Payment Processing Clerk Banking 1,417,600 KMF
Personal Banker Banking 2,819,600 KMF
Personal Banking Advisor Banking 2,868,600 KMF
Phone Banker Banking 1,930,500 KMF
Private Banker Banking 2,734,500 KMF
Reconciliation and Investigation Specialist Banking 3,156,400 KMF
Tax Officer Banking 2,362,300 KMF
Teller Banking 1,345,400 KMF
Trade Officer Banking 1,668,900 KMF
Trade Product Manager Banking 4,537,100 KMF
Trader Banking 1,990,300 KMF
Treasury Operations Officer Banking 3,503,800 KMF

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