Average Mortgage Collection Manager Salary in Samoa for 2024

In this article, we will look at the average Mortgage Collection Manager salary for 2024 in Samoa 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 Samoan tālā. To keep things simple, we are using the WST currency code instead of the currency symbol T.

How Much Does a Mortgage Collection Manager Make in Samoa?

A Mortgage Collection Manager working in Samoa will typically earn around 34,360 WST per year, and this can range from the lowest average salary of about 16,720 WST to the highest average salary of 56,100 WST.

Average Annual Salary
34,360 WST
Average Monthly Salary
2,863 WST

Lowest Annual Salary
16,720 WST
Lowest Monthly Salary
1,393 WST

Highest Annual Salary
56,100 WST
Highest Monthly Salary
4,675 WST

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

Mortgage Collection Manager 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 Collection Manager Salaries in Samoa

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

Salary ranges

We already know that a Mortgage Collection Manager can earn between 16,720 WST and 56,100 WST on average in Samoa. 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 Collection Manager in Samoa is 36,800 WST. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 36,800 WST, and 50% of the population earn more than 36,800 WST.

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 Collection Manager salary in Samoa, 25% of the population are earning less than 25,220 WST while 75% of the population earn more than 25,220 WST.

75% of the population earn less than 48,160 WST, and 25% of the population earn more than 48,160 WST.

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 Collection Manager Salary by Experience Level in Samoa

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 collection manager 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 Collection Manager in Samoa that has less than two years of experience can expect to earn somewhere in the region of 20,500 WST.
  • 2 - 5 Years Experience. With two to five years of experience the average Mortgage Collection Manager salary would increase to 28,660 WST.
  • 5 - 10 Years Experience. From five to ten years of experience as a Mortgage Collection Manager, the average salary would be 38,140 WST.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 46,840 WST.
  • 15 - 20 Years Experience. A Mortgage Collection Manager with 15 to 20 years of experience can earn an average of 47,720 WST.
  • 20+ Years Experience. For a Mortgage Collection Manager with more than 20 years, the expected average salary increases to 51,800 WST.

Average Salary by Experience Chart

0-2 Years
20,500 WST
2-5 Years +42%
28,660 WST
5-10 Years +31%
38,140 WST
10-15 Years +23%
46,840 WST
15-20 Years +6%
47,720 WST
20+ Years +10%
51,800 WST

Mortgage Collection Manager Salary by Education Level in Samoa

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 Collection Manager in Samoa based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Mortgage Collection Manager in Samoa with a bachelor's degree education can earn an average salary of 31,380 WST.

  • Master's Degree. A Mortgage Collection Manager in Samoa with a master's degree education can earn an average salary of 44,720 WST.

Average Salary by Education Chart

Bachelor's Degree
31,380 WST
Master's Degree +43%
44,720 WST

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 Samoa is around 12,200 to 36,600 WST 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 Collection Manager 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 Samoa, a male mortgage collection manager will earn an average of 36,700 WST, while a female mortgage collection manager will earn around 35,300 WST.

This means that a male mortgage collection manager earns approximately 4% more than a female mortgage collection manager for performing the same job.

Average Salary by Gender Chart in Samoa

Male
36,700 WST
Female -4%
35,300 WST

Mortgage Collection Manager Average Pay Raise in Samoa

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 Collection Manager in Samoa is around 9% every 27 months.

The national average pay raise across all professions and industries in Samoa 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 = ( 9 ÷ 27 ) × 12  = 4%

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

Annual Pay Raise by Industry in Samoa for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Mortgage Collection Manager Bonus and Incentive Rates in Samoa

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 Collection Manager is a moderate bonus based job, with 65% of employees reporting at least one bonus in the last 12 months.

35% 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 5% to 9%.

Received Bonus
65%
No Bonus
35%

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

Public Sector
33,120 WST
Private Sector -14%
29,040 WST

Salaries for Jobs Similar to a Mortgage Collection Manager

In the table below, we have salary information for jobs that are similar to a Mortgage Collection Manager in Samoa.

Job Title Category Salary
AML Analyst Banking 42,400 WST
Assistant Bank Branch Manager Banking 35,000 WST
Assistant Bank Manager Banking 51,100 WST
ATM Manager Banking 44,300 WST
ATM Service Technician Banking 9,940 WST
Bank Accounts Analyst Banking 18,260 WST
Bank Accounts Collector Banking 8,100 WST
Bank Accounts Controller Banking 20,940 WST
Bank Accounts Executive Banking 29,640 WST
Bank Accounts Manager Banking 34,960 WST
Bank Auditing Manager Banking 38,260 WST
Bank Branch Manager Banking 50,080 WST
Bank Branch Operations Coordinator Banking 20,000 WST
Bank Clerk Banking 7,820 WST
Bank Client Service Associate Banking 11,880 WST
Bank Collector Banking 9,740 WST
Bank Compliance Specialist Banking 25,160 WST
Bank Manager Banking 58,720 WST
Bank Operational Risk Manager Banking 58,000 WST
Bank Operations Head Banking 61,580 WST
Bank Operations Officer Banking 23,480 WST
Bank Operations Specialist Banking 36,580 WST
Bank Process Manager Banking 31,980 WST
Bank Product Manager Banking 37,880 WST
Bank Programme Manager Banking 40,240 WST
Bank Project Manager Banking 46,720 WST
Bank Propositions Manager Banking 42,320 WST
Bank Quantitative Analyst Banking 28,860 WST
Bank Regional Manager Banking 57,440 WST
Bank Regional Risk Officer Banking 31,660 WST
Bank Relationship Manager Banking 43,220 WST
Bank Relationship Officer Banking 21,020 WST
Bank Teller Banking 12,300 WST
Banker Banking 21,100 WST
Banking Business Analyst Banking 29,600 WST
Banking Business Development Officer Banking 21,540 WST
Banking Business Planning Executive Banking 44,780 WST
Banking Product Manager Banking 39,080 WST
Banking Reference Data Manager Banking 35,300 WST
Banking Risk Analyst Banking 30,800 WST
Banking Technical Analyst Banking 17,560 WST
Bankruptcy Coordinator Banking 19,940 WST
Bill and Account Collector Banking 12,300 WST
Budget Analyst Banking 27,480 WST
Capital Risk Manager Banking 56,140 WST
Cards Marketing Manager Banking 40,240 WST
Cash Management Manager Banking 55,020 WST
Check Processing Manager Banking 42,040 WST
Commercial Vault Associate Banking 30,700 WST
Corporate Banker Banking 21,300 WST
Corporate Dealer Banking 31,180 WST
Credit Analyst Banking 23,500 WST
Credit and Collections Manager Banking 41,700 WST
Credit Card Fraud Investigator Banking 31,660 WST
Credit Portfolio Manager Banking 57,320 WST
Credit Risk Analyst Banking 35,500 WST
Credit Risk Associate Banking 32,960 WST
Direct Bank Sales Representative Banking 21,300 WST
Exchange Control Consultant Banking 33,440 WST
Executive Account Analyst Banking 28,900 WST
Financial Bank Planning Consultant Banking 40,140 WST
Financial Banking Analysis Manager Banking 45,000 WST
Financial Banking Assistant Banking 14,660 WST
Financial Banking Systems Manager Banking 41,560 WST
Foreign Exchange Manager Banking 45,560 WST
Fraud Analyst Banking 32,200 WST
Fraud Detection Associate Banking 20,000 WST
Fraud Detection Manager Banking 45,260 WST
Fraud Detection Supervisor Banking 24,200 WST
Internal Bank Audit Manager Banking 57,360 WST
Internal Bank Auditor Banking 31,080 WST
Internal Private Banker Banking 22,540 WST
International Banking Manager Banking 64,300 WST
Investment Banking Analyst Banking 48,340 WST
Loan Analyst Banking 30,840 WST
Loan Area Manager Banking 37,620 WST
Loan Audit Team Leader Banking 34,540 WST
Loan Branch Manager Banking 32,900 WST
Loan Business Development Officer Banking 18,940 WST
Loan Clerk Banking 10,080 WST
Loan Collection and Recovery Manager Banking 36,700 WST
Loan Collection Manager Banking 37,380 WST
Loan Collector Banking 9,460 WST
Loan Examiner Banking 13,900 WST
Loan Officer Banking 9,940 WST
Loan Processing Manager Banking 32,960 WST
Loan Processor Banking 14,620 WST
Loan Quality Assurance Auditor Banking 31,040 WST
Loan Quality Assurance Manager Banking 34,380 WST
Loan Quality Assurance Representative Banking 22,340 WST
Loan Review Manager Banking 34,360 WST
Loan Team Leader Banking 31,380 WST
Loans Manager Banking 41,560 WST
Mortgage Advisor Banking 21,020 WST
Mortgage Collector Banking 7,820 WST
Mortgage Credit Analyst Banking 17,100 WST
Mortgage Credit Manager Banking 36,160 WST
Mortgage Development Manager Banking 41,660 WST
Mortgage Document Reviewer Banking 11,880 WST
Mortgage Funding Manager Banking 39,560 WST
Mortgage Operations Manager Banking 57,360 WST
Mortgage Payment Processing Clerk Banking 12,620 WST
Mortgage Processing Manager Banking 35,520 WST
Mortgage Processor Banking 13,960 WST
Mortgage Quality Assurance Auditor Banking 29,160 WST
Mortgage Quality Assurance Manager Banking 36,940 WST
Mortgage Servicing Clerk Banking 12,020 WST
Mortgage Servicing Manager Banking 30,700 WST
Mortgage Underwriter Banking 11,360 WST
Online Banking Manager Banking 51,900 WST
Payment Processing Clerk Banking 12,300 WST
Personal Banker Banking 19,980 WST
Personal Banking Advisor Banking 22,340 WST
Phone Banker Banking 14,540 WST
Private Banker Banking 23,520 WST
Reconciliation and Investigation Specialist Banking 25,680 WST
Tax Officer Banking 20,120 WST
Teller Banking 10,220 WST
Trade Officer Banking 11,360 WST
Trade Product Manager Banking 36,020 WST
Trader Banking 14,540 WST
Treasury Operations Officer Banking 28,720 WST

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