Average Mortgage Credit Manager Salary in Romania for 2024

In this article, we will look at the average Mortgage Credit Manager salary for 2024 in Romania 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 Romanian leu. To keep things simple, we are using the RON currency code instead of the currency symbol lei.

How Much Does a Mortgage Credit Manager Make in Romania?

A Mortgage Credit Manager working in Romania will typically earn around 124,400 RON per year, and this can range from the lowest average salary of about 60,400 RON to the highest average salary of 197,600 RON.

Average Annual Salary
124,400 RON
Average Monthly Salary
10,366 RON

Lowest Annual Salary
60,400 RON
Lowest Monthly Salary
5,033 RON

Highest Annual Salary
197,600 RON
Highest Monthly Salary
16,466 RON

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

Mortgage Credit 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 Credit Manager Salaries in Romania

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

Salary ranges

We already know that a Mortgage Credit Manager can earn between 60,400 RON and 197,600 RON on average in Romania. 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 Manager in Romania is 134,600 RON. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 134,600 RON, and 50% of the population earn more than 134,600 RON.

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 Manager salary in Romania, 25% of the population are earning less than 84,560 RON while 75% of the population earn more than 84,560 RON.

75% of the population earn less than 174,000 RON, and 25% of the population earn more than 174,000 RON.

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 Manager Salary by Experience Level in Romania

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 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 Credit Manager in Romania that has less than two years of experience can expect to earn somewhere in the region of 67,300 RON.
  • 2 - 5 Years Experience. With two to five years of experience the average Mortgage Credit Manager salary would increase to 93,780 RON.
  • 5 - 10 Years Experience. From five to ten years of experience as a Mortgage Credit Manager, the average salary would be 134,600 RON.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 161,300 RON.
  • 15 - 20 Years Experience. A Mortgage Credit Manager with 15 to 20 years of experience can earn an average of 172,200 RON.
  • 20+ Years Experience. For a Mortgage Credit Manager with more than 20 years, the expected average salary increases to 187,500 RON.

Average Salary by Experience Chart

0-2 Years
67,300 RON
2-5 Years +38%
93,780 RON
5-10 Years +42%
134,600 RON
10-15 Years +22%
161,300 RON
15-20 Years +6%
172,200 RON
20+ Years +9%
187,500 RON

Mortgage Credit Manager Salary by Education Level in Romania

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 Manager in Romania 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 Manager in Romania with a bachelor's degree education can earn an average salary of 93,780 RON.

  • Master's Degree. A Mortgage Credit Manager in Romania with a master's degree education can earn an average salary of 172,200 RON.

Average Salary by Education Chart

Bachelor's Degree
93,780 RON
Master's Degree +83%
172,200 RON

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 Romania is around 44,900 to 135,000 RON 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 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 Romania, a male mortgage credit manager will earn an average of 128,900 RON, while a female mortgage credit manager will earn around 119,900 RON.

This means that a male mortgage credit manager earns approximately 8% more than a female mortgage credit manager for performing the same job.

Average Salary by Gender Chart in Romania

Male
128,900 RON
Female -8%
119,900 RON

Mortgage Credit Manager Average Pay Raise in Romania

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 Manager in Romania is around 12% every 17 months.

The national average pay raise across all professions and industries in Romania is around 8% every 18 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 = ( 12 ÷ 17 ) × 12  = 8%

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

Annual Pay Raise by Industry in Romania for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Mortgage Credit Manager Bonus and Incentive Rates in Romania

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 Manager is a high bonus based job, with 81% of employees reporting at least one bonus in the last 12 months.

19% 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
81%
No Bonus
19%

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 Romania earn approximately 7% more than private sector employees in the same role.

Public Sector
112,660 RON
Private Sector -7%
105,620 RON

Salaries for Jobs Similar to a Mortgage Credit Manager

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

Job Title Category Salary
AML Analyst Banking 167,100 RON
Assistant Bank Branch Manager Banking 137,400 RON
Assistant Bank Manager Banking 187,500 RON
ATM Manager Banking 152,300 RON
ATM Service Technician Banking 42,400 RON
Bank Accounts Analyst Banking 61,580 RON
Bank Accounts Collector Banking 37,740 RON
Bank Accounts Controller Banking 78,500 RON
Bank Accounts Executive Banking 111,000 RON
Bank Accounts Manager Banking 138,800 RON
Bank Auditing Manager Banking 128,900 RON
Bank Branch Manager Banking 190,500 RON
Bank Branch Operations Coordinator Banking 78,260 RON
Bank Clerk Banking 34,960 RON
Bank Client Service Associate Banking 50,660 RON
Bank Collector Banking 39,160 RON
Bank Compliance Specialist Banking 104,040 RON
Bank Manager Banking 225,300 RON
Bank Operational Risk Manager Banking 217,900 RON
Bank Operations Head Banking 216,800 RON
Bank Operations Officer Banking 89,460 RON
Bank Operations Specialist Banking 139,100 RON
Bank Process Manager Banking 129,000 RON
Bank Product Manager Banking 136,200 RON
Bank Programme Manager Banking 150,000 RON
Bank Project Manager Banking 176,800 RON
Bank Propositions Manager Banking 159,400 RON
Bank Quantitative Analyst Banking 110,340 RON
Bank Regional Manager Banking 232,400 RON
Bank Regional Risk Officer Banking 117,380 RON
Bank Relationship Manager Banking 168,100 RON
Bank Relationship Officer Banking 71,280 RON
Bank Teller Banking 40,240 RON
Banker Banking 77,860 RON
Banking Business Analyst Banking 115,640 RON
Banking Business Development Officer Banking 73,100 RON
Banking Business Planning Executive Banking 169,000 RON
Banking Product Manager Banking 143,200 RON
Banking Reference Data Manager Banking 124,400 RON
Banking Risk Analyst Banking 113,280 RON
Banking Technical Analyst Banking 63,700 RON
Bankruptcy Coordinator Banking 78,260 RON
Bill and Account Collector Banking 41,700 RON
Budget Analyst Banking 109,520 RON
Capital Risk Manager Banking 216,800 RON
Cards Marketing Manager Banking 150,000 RON
Cash Management Manager Banking 201,100 RON
Check Processing Manager Banking 148,300 RON
Commercial Vault Associate Banking 109,720 RON
Corporate Banker Banking 83,760 RON
Corporate Dealer Banking 113,840 RON
Credit Analyst Banking 91,380 RON
Credit and Collections Manager Banking 152,300 RON
Credit Card Fraud Investigator Banking 117,100 RON
Credit Portfolio Manager Banking 221,500 RON
Credit Risk Analyst Banking 125,700 RON
Credit Risk Associate Banking 124,400 RON
Direct Bank Sales Representative Banking 76,280 RON
Exchange Control Consultant Banking 117,660 RON
Executive Account Analyst Banking 113,560 RON
Financial Bank Planning Consultant Banking 150,000 RON
Financial Banking Analysis Manager Banking 172,200 RON
Financial Banking Assistant Banking 54,180 RON
Financial Banking Systems Manager Banking 151,800 RON
Foreign Exchange Manager Banking 172,200 RON
Fraud Analyst Banking 125,100 RON
Fraud Detection Associate Banking 83,060 RON
Fraud Detection Manager Banking 172,200 RON
Fraud Detection Supervisor Banking 97,900 RON
Internal Bank Audit Manager Banking 197,600 RON
Internal Bank Auditor Banking 115,260 RON
Internal Private Banker Banking 84,880 RON
International Banking Manager Banking 237,400 RON
Investment Banking Analyst Banking 158,700 RON
Loan Analyst Banking 109,460 RON
Loan Area Manager Banking 139,100 RON
Loan Audit Team Leader Banking 128,500 RON
Loan Branch Manager Banking 124,400 RON
Loan Business Development Officer Banking 64,620 RON
Loan Clerk Banking 41,560 RON
Loan Collection and Recovery Manager Banking 136,200 RON
Loan Collection Manager Banking 139,100 RON
Loan Collector Banking 37,620 RON
Loan Examiner Banking 50,560 RON
Loan Officer Banking 42,040 RON
Loan Processing Manager Banking 127,700 RON
Loan Processor Banking 50,660 RON
Loan Quality Assurance Auditor Banking 113,220 RON
Loan Quality Assurance Manager Banking 123,400 RON
Loan Quality Assurance Representative Banking 87,760 RON
Loan Review Manager Banking 128,900 RON
Loan Team Leader Banking 115,260 RON
Loans Manager Banking 159,100 RON
Mortgage Advisor Banking 75,100 RON
Mortgage Collection Manager Banking 138,800 RON
Mortgage Collector Banking 38,680 RON
Mortgage Credit Analyst Banking 60,340 RON
Mortgage Development Manager Banking 138,800 RON
Mortgage Document Reviewer Banking 51,400 RON
Mortgage Funding Manager Banking 151,800 RON
Mortgage Operations Manager Banking 197,600 RON
Mortgage Payment Processing Clerk Banking 43,340 RON
Mortgage Processing Manager Banking 128,500 RON
Mortgage Processor Banking 48,300 RON
Mortgage Quality Assurance Auditor Banking 107,960 RON
Mortgage Quality Assurance Manager Banking 136,100 RON
Mortgage Servicing Clerk Banking 40,640 RON
Mortgage Servicing Manager Banking 128,500 RON
Mortgage Underwriter Banking 50,580 RON
Online Banking Manager Banking 195,200 RON
Payment Processing Clerk Banking 40,240 RON
Personal Banker Banking 87,520 RON
Personal Banking Advisor Banking 78,260 RON
Phone Banker Banking 50,540 RON
Private Banker Banking 84,580 RON
Reconciliation and Investigation Specialist Banking 96,220 RON
Tax Officer Banking 69,720 RON
Teller Banking 38,060 RON
Trade Officer Banking 47,540 RON
Trade Product Manager Banking 129,000 RON
Trader Banking 59,000 RON
Treasury Operations Officer Banking 105,980 RON

Salary Comparison by City

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

City Average Salary
Brasov 112,420 RON
Bucharest 148,300 RON
Cluj-Napoca 129,000 RON
Sibiu 136,100 RON
Timisoara 118,260 RON

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