Average Mortgage Credit Analyst Salary in Pakistan for 2024

In this article, we will look at the average Mortgage Credit Analyst salary for 2024 in Pakistan 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 Pakistani rupee. To keep things simple, we are using the PKR currency code instead of the currency symbol โ‚จ.

How Much Does a Mortgage Credit Analyst Make in Pakistan?

A Mortgage Credit Analyst working in Pakistan will typically earn around 533,000 PKR per year, and this can range from the lowest average salary of about 249,600 PKR to the highest average salary of 843,600 PKR.

Average Annual Salary
533,000 PKR
Average Monthly Salary
44,416 PKR

Lowest Annual Salary
249,600 PKR
Lowest Monthly Salary
20,800 PKR

Highest Annual Salary
843,600 PKR
Highest Monthly Salary
70,300 PKR

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

Mortgage Credit Analyst 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 Credit Analyst Salaries in Pakistan

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

Salary ranges

We already know that a Mortgage Credit Analyst can earn between 249,600 PKR and 843,600 PKR on average in Pakistan. 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 Credit Analyst in Pakistan is 563,300 PKR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 563,300 PKR, and 50% of the population earn more than 563,300 PKR.

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 Credit Analyst salary in Pakistan, 25% of the population are earning less than 367,900 PKR while 75% of the population earn more than 367,900 PKR.

75% of the population earn less than 745,000 PKR, and 25% of the population earn more than 745,000 PKR.

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 Credit Analyst Salary by Experience Level in Pakistan

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 credit analyst 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 Credit Analyst in Pakistan that has less than two years of experience can expect to earn somewhere in the region of 290,800 PKR.
  • 2 - 5 Years Experience. With two to five years of experience the average Mortgage Credit Analyst salary would increase to 398,300 PKR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Mortgage Credit Analyst, the average salary would be 566,900 PKR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 693,100 PKR.
  • 15 - 20 Years Experience. A Mortgage Credit Analyst with 15 to 20 years of experience can earn an average of 732,400 PKR.
  • 20+ Years Experience. For a Mortgage Credit Analyst with more than 20 years, the expected average salary increases to 794,900 PKR.

Average Salary by Experience Chart

0-2 Years
290,800 PKR
2-5 Years +38%
398,300 PKR
5-10 Years +42%
566,900 PKR
10-15 Years +22%
693,100 PKR
15-20 Years +6%
732,400 PKR
20+ Years +9%
794,900 PKR

Mortgage Credit Analyst Salary by Education Level in Pakistan

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 Credit Analyst in Pakistan 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 Credit Analyst in Pakistan with a bachelor's degree education can earn an average salary of 398,300 PKR.

  • Master's Degree. A Mortgage Credit Analyst in Pakistan with a master's degree education can earn an average salary of 732,400 PKR.

Average Salary by Education Chart

Bachelor's Degree
398,300 PKR
Master's Degree +83%
732,400 PKR

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 Pakistan is around 409,000 to 1,230,000 PKR 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 Credit Analyst 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 Pakistan, a male mortgage credit analyst will earn an average of 580,600 PKR, while a female mortgage credit analyst will earn around 498,500 PKR.

This means that a male mortgage credit analyst earns approximately 16% more than a female mortgage credit analyst for performing the same job.

Average Salary by Gender Chart in Pakistan

Male
580,600 PKR
Female -16%
498,500 PKR

Mortgage Credit Analyst Average Pay Raise in Pakistan

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 Credit Analyst in Pakistan is around 11% every 17 months.

The national average pay raise across all professions and industries in Pakistan is around 8% every 19 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 = ( 11 ÷ 17 ) × 12  = 8%

What this means is that a Mortgage Credit Analyst in Pakistan can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Pakistan for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Mortgage Credit Analyst Bonus and Incentive Rates in Pakistan

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 Credit Analyst is a moderate bonus based job, with 53% of employees reporting at least one bonus in the last 12 months.

47% 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 2% to 7%.

Received Bonus
53%
No Bonus
47%

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 Pakistan earn approximately 12% more than private sector employees in the same role.

Public Sector
1,023,400 PKR
Private Sector -12%
913,400 PKR

Salaries for Jobs Similar to a Mortgage Credit Analyst

In the table below, we have salary information for jobs that are similar to a Mortgage Credit Analyst in Pakistan.

Job Title Category Salary
AML Analyst Banking 1,440,700 PKR
Assistant Bank Branch Manager Banking 1,296,900 PKR
Assistant Bank Manager Banking 1,728,900 PKR
ATM Manager Banking 1,417,600 PKR
ATM Service Technician Banking 376,800 PKR
Bank Accounts Analyst Banking 585,900 PKR
Bank Accounts Collector Banking 327,300 PKR
Bank Accounts Controller Banking 752,600 PKR
Bank Accounts Executive Banking 1,080,200 PKR
Bank Accounts Manager Banking 1,212,800 PKR
Bank Auditing Manager Banking 1,296,900 PKR
Bank Branch Manager Banking 1,655,500 PKR
Bank Branch Operations Coordinator Banking 769,500 PKR
Bank Clerk Banking 332,100 PKR
Bank Client Service Associate Banking 471,700 PKR
Bank Collector Banking 345,700 PKR
Bank Compliance Specialist Banking 879,700 PKR
Bank Manager Banking 1,942,700 PKR
Bank Operational Risk Manager Banking 1,908,800 PKR
Bank Operations Head Banking 2,136,200 PKR
Bank Operations Officer Banking 840,800 PKR
Bank Operations Specialist Banking 1,296,900 PKR
Bank Process Manager Banking 1,102,100 PKR
Bank Product Manager Banking 1,306,100 PKR
Bank Programme Manager Banking 1,417,600 PKR
Bank Project Manager Banking 1,547,500 PKR
Bank Propositions Manager Banking 1,428,800 PKR
Bank Quantitative Analyst Banking 1,025,100 PKR
Bank Regional Manager Banking 2,076,600 PKR
Bank Regional Risk Officer Banking 1,102,900 PKR
Bank Relationship Manager Banking 1,464,200 PKR
Bank Relationship Officer Banking 717,900 PKR
Bank Teller Banking 351,900 PKR
Banker Banking 725,700 PKR
Banking Business Analyst Banking 1,069,800 PKR
Banking Business Development Officer Banking 671,000 PKR
Banking Business Planning Executive Banking 1,500,800 PKR
Banking Product Manager Banking 1,249,900 PKR
Banking Reference Data Manager Banking 1,153,300 PKR
Banking Risk Analyst Banking 1,041,900 PKR
Banking Technical Analyst Banking 582,700 PKR
Bankruptcy Coordinator Banking 744,700 PKR
Bill and Account Collector Banking 365,400 PKR
Budget Analyst Banking 1,030,200 PKR
Capital Risk Manager Banking 1,896,700 PKR
Cards Marketing Manager Banking 1,380,400 PKR
Cash Management Manager Banking 1,811,000 PKR
Check Processing Manager Banking 1,428,800 PKR
Commercial Vault Associate Banking 1,025,100 PKR
Corporate Banker Banking 745,000 PKR
Corporate Dealer Banking 1,074,200 PKR
Credit Analyst Banking 847,000 PKR
Credit and Collections Manager Banking 1,428,800 PKR
Credit Card Fraud Investigator Banking 1,048,100 PKR
Credit Portfolio Manager Banking 2,065,400 PKR
Credit Risk Analyst Banking 1,212,800 PKR
Credit Risk Associate Banking 1,165,400 PKR
Direct Bank Sales Representative Banking 767,500 PKR
Exchange Control Consultant Banking 1,067,500 PKR
Executive Account Analyst Banking 996,600 PKR
Financial Bank Planning Consultant Banking 1,405,700 PKR
Financial Banking Analysis Manager Banking 1,487,200 PKR
Financial Banking Assistant Banking 514,300 PKR
Financial Banking Systems Manager Banking 1,417,600 PKR
Foreign Exchange Manager Banking 1,606,100 PKR
Fraud Analyst Banking 1,133,900 PKR
Fraud Detection Associate Banking 769,500 PKR
Fraud Detection Manager Banking 1,570,900 PKR
Fraud Detection Supervisor Banking 899,100 PKR
Internal Bank Audit Manager Banking 1,930,500 PKR
Internal Bank Auditor Banking 988,600 PKR
Internal Private Banker Banking 778,200 PKR
International Banking Manager Banking 2,221,600 PKR
Investment Banking Analyst Banking 1,570,900 PKR
Loan Analyst Banking 1,004,600 PKR
Loan Area Manager Banking 1,283,600 PKR
Loan Audit Team Leader Banking 1,196,300 PKR
Loan Branch Manager Banking 1,141,000 PKR
Loan Business Development Officer Banking 659,400 PKR
Loan Clerk Banking 369,300 PKR
Loan Collection and Recovery Manager Banking 1,296,900 PKR
Loan Collection Manager Banking 1,212,800 PKR
Loan Collector Banking 340,400 PKR
Loan Examiner Banking 483,400 PKR
Loan Officer Banking 385,300 PKR
Loan Processing Manager Banking 1,147,600 PKR
Loan Processor Banking 464,400 PKR
Loan Quality Assurance Auditor Banking 1,109,600 PKR
Loan Quality Assurance Manager Banking 1,191,100 PKR
Loan Quality Assurance Representative Banking 767,000 PKR
Loan Review Manager Banking 1,235,600 PKR
Loan Team Leader Banking 1,062,500 PKR
Loans Manager Banking 1,476,700 PKR
Mortgage Advisor Banking 704,300 PKR
Mortgage Collection Manager Banking 1,259,300 PKR
Mortgage Collector Banking 340,400 PKR
Mortgage Credit Manager Banking 1,196,300 PKR
Mortgage Development Manager Banking 1,320,500 PKR
Mortgage Document Reviewer Banking 480,600 PKR
Mortgage Funding Manager Banking 1,380,400 PKR
Mortgage Operations Manager Banking 1,870,400 PKR
Mortgage Payment Processing Clerk Banking 397,900 PKR
Mortgage Processing Manager Banking 1,172,800 PKR
Mortgage Processor Banking 491,000 PKR
Mortgage Quality Assurance Auditor Banking 995,200 PKR
Mortgage Quality Assurance Manager Banking 1,212,800 PKR
Mortgage Servicing Clerk Banking 366,200 PKR
Mortgage Servicing Manager Banking 1,122,900 PKR
Mortgage Underwriter Banking 436,200 PKR
Online Banking Manager Banking 1,825,000 PKR
Payment Processing Clerk Banking 359,900 PKR
Personal Banker Banking 761,400 PKR
Personal Banking Advisor Banking 798,900 PKR
Phone Banker Banking 507,300 PKR
Private Banker Banking 780,700 PKR
Reconciliation and Investigation Specialist Banking 847,000 PKR
Tax Officer Banking 659,200 PKR
Teller Banking 363,000 PKR
Trade Officer Banking 428,400 PKR
Trade Product Manager Banking 1,182,800 PKR
Trader Banking 528,500 PKR
Treasury Operations Officer Banking 948,300 PKR

Salary Comparison by City

If you want to compare salaries with different cities in Pakistan, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Bahawalpur 491,000 PKR
Faisalabad 605,700 PKR
Gujranwala 583,000 PKR
Hyderabad 562,600 PKR
Islamabad 553,800 PKR
Karachi 596,800 PKR
Lahore 632,400 PKR
Multan 533,000 PKR
Peshawar 559,000 PKR
Quetta 502,200 PKR
Rawalpindi 580,600 PKR
Sargodha 504,300 PKR
Sialkot 483,400 PKR

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