Average Mortgage Development Manager Salary in Algeria for 2024

In this article, we will look at the average Mortgage Development Manager salary for 2024 in Algeria 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 Algerian dinar. To keep things simple, we are using the DZD currency code instead of the currency symbol د.ج.

How Much Does a Mortgage Development Manager Make in Algeria?

A Mortgage Development Manager working in Algeria will typically earn around 3,023,200 DZD per year, and this can range from the lowest average salary of about 1,487,200 DZD to the highest average salary of 4,714,900 DZD.

Average Annual Salary
3,023,200 DZD
Average Monthly Salary
251,933 DZD

Lowest Annual Salary
1,487,200 DZD
Lowest Monthly Salary
123,933 DZD

Highest Annual Salary
4,714,900 DZD
Highest Monthly Salary
392,908 DZD

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

Mortgage Development 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 Development Manager Salaries in Algeria

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

Salary ranges

We already know that a Mortgage Development Manager can earn between 1,487,200 DZD and 4,714,900 DZD on average in Algeria. 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 Development Manager in Algeria is 3,085,500 DZD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 3,085,500 DZD, and 50% of the population earn more than 3,085,500 DZD.

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 Development Manager salary in Algeria, 25% of the population are earning less than 2,052,200 DZD while 75% of the population earn more than 2,052,200 DZD.

75% of the population earn less than 3,984,100 DZD, and 25% of the population earn more than 3,984,100 DZD.

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 Development Manager Salary by Experience Level in Algeria

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 development 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 Development Manager in Algeria that has less than two years of experience can expect to earn somewhere in the region of 1,751,700 DZD.
  • 2 - 5 Years Experience. With two to five years of experience the average Mortgage Development Manager salary would increase to 2,254,400 DZD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Mortgage Development Manager, the average salary would be 3,118,900 DZD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 3,863,700 DZD.
  • 15 - 20 Years Experience. A Mortgage Development Manager with 15 to 20 years of experience can earn an average of 4,140,900 DZD.
  • 20+ Years Experience. For a Mortgage Development Manager with more than 20 years, the expected average salary increases to 4,414,800 DZD.

Average Salary by Experience Chart

0-2 Years
1,751,700 DZD
2-5 Years +29%
2,254,400 DZD
5-10 Years +38%
3,118,900 DZD
10-15 Years +24%
3,863,700 DZD
15-20 Years +7%
4,140,900 DZD
20+ Years +7%
4,414,800 DZD

Mortgage Development Manager Salary by Education Level in Algeria

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 Development Manager in Algeria 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 Development Manager in Algeria with a bachelor's degree education can earn an average salary of 2,197,700 DZD.

  • Master's Degree. A Mortgage Development Manager in Algeria with a master's degree education can earn an average salary of 3,529,600 DZD.

Average Salary by Education Chart

Bachelor's Degree
2,197,700 DZD
Master's Degree +60%
3,529,600 DZD

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 Algeria is around 898,000 to 2,690,000 DZD 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 Development 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 Algeria, a male mortgage development manager will earn an average of 3,168,300 DZD, while a female mortgage development manager will earn around 2,807,200 DZD.

This means that a male mortgage development manager earns approximately 13% more than a female mortgage development manager for performing the same job.

Average Salary by Gender Chart in Algeria

Male
3,168,300 DZD
Female -13%
2,807,200 DZD

Mortgage Development Manager Average Pay Raise in Algeria

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 Development Manager in Algeria is around 9% every 28 months.

The national average pay raise across all professions and industries in Algeria 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 ÷ 28 ) × 12  = 4%

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

Annual Pay Raise by Industry in Algeria for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Mortgage Development Manager Bonus and Incentive Rates in Algeria

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 Development Manager is a moderate bonus based job, with 64% of employees reporting at least one bonus in the last 12 months.

36% 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
64%
No Bonus
36%

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 Algeria earn approximately 21% more than private sector employees in the same role.

Public Sector
2,362,300 DZD
Private Sector -21%
1,955,300 DZD

Salaries for Jobs Similar to a Mortgage Development Manager

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

Job Title Category Salary
AML Analyst Banking 3,503,800 DZD
Assistant Bank Branch Manager Banking 3,085,500 DZD
Assistant Bank Manager Banking 3,970,700 DZD
ATM Manager Banking 3,359,900 DZD
ATM Service Technician Banking 931,700 DZD
Bank Accounts Analyst Banking 1,259,300 DZD
Bank Accounts Collector Banking 767,000 DZD
Bank Accounts Controller Banking 1,693,600 DZD
Bank Accounts Executive Banking 2,519,500 DZD
Bank Accounts Manager Banking 2,928,100 DZD
Bank Auditing Manager Banking 3,013,500 DZD
Bank Branch Manager Banking 4,187,600 DZD
Bank Branch Operations Coordinator Banking 1,800,200 DZD
Bank Clerk Banking 745,000 DZD
Bank Client Service Associate Banking 1,054,900 DZD
Bank Collector Banking 823,400 DZD
Bank Compliance Specialist Banking 2,052,200 DZD
Bank Manager Banking 4,822,700 DZD
Bank Operational Risk Manager Banking 4,642,200 DZD
Bank Operations Head Banking 4,895,800 DZD
Bank Operations Officer Banking 1,811,000 DZD
Bank Operations Specialist Banking 3,023,200 DZD
Bank Process Manager Banking 2,579,200 DZD
Bank Product Manager Banking 3,118,900 DZD
Bank Programme Manager Banking 3,359,900 DZD
Bank Project Manager Banking 3,610,800 DZD
Bank Propositions Manager Banking 3,395,900 DZD
Bank Quantitative Analyst Banking 2,304,300 DZD
Bank Regional Manager Banking 5,136,500 DZD
Bank Regional Risk Officer Banking 2,423,000 DZD
Bank Relationship Manager Banking 3,421,600 DZD
Bank Relationship Officer Banking 1,645,600 DZD
Bank Teller Banking 803,400 DZD
Banker Banking 1,693,600 DZD
Banking Business Analyst Banking 2,495,600 DZD
Banking Business Development Officer Banking 1,476,700 DZD
Banking Business Planning Executive Banking 3,490,200 DZD
Banking Product Manager Banking 3,035,200 DZD
Banking Reference Data Manager Banking 2,748,900 DZD
Banking Risk Analyst Banking 2,389,200 DZD
Banking Technical Analyst Banking 1,333,900 DZD
Bankruptcy Coordinator Banking 1,811,000 DZD
Bill and Account Collector Banking 848,200 DZD
Budget Analyst Banking 2,543,000 DZD
Capital Risk Manager Banking 4,439,200 DZD
Cards Marketing Manager Banking 2,976,900 DZD
Cash Management Manager Banking 4,140,900 DZD
Check Processing Manager Banking 3,071,100 DZD
Commercial Vault Associate Banking 2,485,800 DZD
Corporate Banker Banking 1,703,200 DZD
Corporate Dealer Banking 2,557,100 DZD
Credit Analyst Banking 1,858,200 DZD
Credit and Collections Manager Banking 3,253,900 DZD
Credit Card Fraud Investigator Banking 2,508,300 DZD
Credit Portfolio Manager Banking 4,633,100 DZD
Credit Risk Analyst Banking 2,868,600 DZD
Credit Risk Associate Banking 2,566,100 DZD
Direct Bank Sales Representative Banking 1,728,900 DZD
Exchange Control Consultant Banking 2,698,900 DZD
Executive Account Analyst Banking 2,374,400 DZD
Financial Bank Planning Consultant Banking 3,071,100 DZD
Financial Banking Analysis Manager Banking 3,610,800 DZD
Financial Banking Assistant Banking 1,172,800 DZD
Financial Banking Systems Manager Banking 3,373,200 DZD
Foreign Exchange Manager Banking 3,610,800 DZD
Fraud Analyst Banking 2,653,700 DZD
Fraud Detection Associate Banking 1,800,200 DZD
Fraud Detection Manager Banking 3,970,700 DZD
Fraud Detection Supervisor Banking 2,184,900 DZD
Internal Bank Audit Manager Banking 4,585,100 DZD
Internal Bank Auditor Banking 2,447,200 DZD
Internal Private Banker Banking 1,777,700 DZD
International Banking Manager Banking 5,197,600 DZD
Investment Banking Analyst Banking 3,514,400 DZD
Loan Analyst Banking 2,389,200 DZD
Loan Area Manager Banking 2,928,100 DZD
Loan Audit Team Leader Banking 2,734,500 DZD
Loan Branch Manager Banking 2,724,700 DZD
Loan Business Development Officer Banking 1,476,700 DZD
Loan Clerk Banking 864,900 DZD
Loan Collection and Recovery Manager Banking 2,953,200 DZD
Loan Collection Manager Banking 2,941,000 DZD
Loan Collector Banking 808,000 DZD
Loan Examiner Banking 1,079,600 DZD
Loan Officer Banking 976,300 DZD
Loan Processing Manager Banking 2,676,200 DZD
Loan Processor Banking 1,122,500 DZD
Loan Quality Assurance Auditor Banking 2,533,800 DZD
Loan Quality Assurance Manager Banking 2,831,100 DZD
Loan Quality Assurance Representative Banking 1,896,700 DZD
Loan Review Manager Banking 2,868,600 DZD
Loan Team Leader Banking 2,579,200 DZD
Loans Manager Banking 3,168,300 DZD
Mortgage Advisor Banking 1,777,700 DZD
Mortgage Collection Manager Banking 3,013,500 DZD
Mortgage Collector Banking 844,100 DZD
Mortgage Credit Analyst Banking 1,249,900 DZD
Mortgage Credit Manager Banking 2,629,100 DZD
Mortgage Document Reviewer Banking 1,035,500 DZD
Mortgage Funding Manager Banking 3,085,500 DZD
Mortgage Operations Manager Banking 4,211,600 DZD
Mortgage Payment Processing Clerk Banking 931,700 DZD
Mortgage Processing Manager Banking 2,734,500 DZD
Mortgage Processor Banking 1,080,400 DZD
Mortgage Quality Assurance Auditor Banking 2,423,000 DZD
Mortgage Quality Assurance Manager Banking 2,782,600 DZD
Mortgage Servicing Clerk Banking 839,500 DZD
Mortgage Servicing Manager Banking 2,676,200 DZD
Mortgage Underwriter Banking 1,043,700 DZD
Online Banking Manager Banking 4,429,300 DZD
Payment Processing Clerk Banking 906,000 DZD
Personal Banker Banking 1,741,800 DZD
Personal Banking Advisor Banking 1,788,300 DZD
Phone Banker Banking 1,212,800 DZD
Private Banker Banking 1,858,200 DZD
Reconciliation and Investigation Specialist Banking 2,015,600 DZD
Tax Officer Banking 1,428,800 DZD
Teller Banking 800,200 DZD
Trade Officer Banking 999,500 DZD
Trade Product Manager Banking 2,868,600 DZD
Trader Banking 1,212,800 DZD
Treasury Operations Officer Banking 2,086,500 DZD

Salary Comparison by City

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

City Average Salary
Annaba 3,385,800 DZD
Batna 3,178,700 DZD
Biskra 2,941,000 DZD
Blida 3,168,300 DZD
Chlef 2,953,200 DZD
Constantine 3,192,300 DZD
El Djazair 3,469,900 DZD
Oran 3,323,300 DZD
Setif 2,976,900 DZD
Sidi bel Abbes 3,144,700 DZD

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