Average Mortgage Operations Manager Salary in Azerbaijan for 2024

In this article, we will look at the average Mortgage Operations Manager salary for 2024 in Azerbaijan 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 Azerbaijani manat. To keep things simple, we are using the AZN currency code instead of the currency symbol โ‚ผ.

How Much Does a Mortgage Operations Manager Make in Azerbaijan?

A Mortgage Operations Manager working in Azerbaijan will typically earn around 69,060 AZN per year, and this can range from the lowest average salary of about 33,520 AZN to the highest average salary of 108,300 AZN.

Average Annual Salary
69,060 AZN
Average Monthly Salary
5,755 AZN

Lowest Annual Salary
33,520 AZN
Lowest Monthly Salary
2,793 AZN

Highest Annual Salary
108,300 AZN
Highest Monthly Salary
9,025 AZN

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

Mortgage Operations 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 Operations Manager Salaries in Azerbaijan

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

Salary ranges

We already know that a Mortgage Operations Manager can earn between 33,520 AZN and 108,300 AZN on average in Azerbaijan. 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 Operations Manager in Azerbaijan is 70,700 AZN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 70,700 AZN, and 50% of the population earn more than 70,700 AZN.

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 Operations Manager salary in Azerbaijan, 25% of the population are earning less than 45,720 AZN while 75% of the population earn more than 45,720 AZN.

75% of the population earn less than 93,660 AZN, and 25% of the population earn more than 93,660 AZN.

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 Operations Manager Salary by Experience Level in Azerbaijan

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 operations 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 Operations Manager in Azerbaijan that has less than two years of experience can expect to earn somewhere in the region of 38,780 AZN.
  • 2 - 5 Years Experience. With two to five years of experience the average Mortgage Operations Manager salary would increase to 50,620 AZN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Mortgage Operations Manager, the average salary would be 72,420 AZN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 88,300 AZN.
  • 15 - 20 Years Experience. A Mortgage Operations Manager with 15 to 20 years of experience can earn an average of 96,960 AZN.
  • 20+ Years Experience. For a Mortgage Operations Manager with more than 20 years, the expected average salary increases to 102,720 AZN.

Average Salary by Experience Chart

0-2 Years
38,780 AZN
2-5 Years +29%
50,620 AZN
5-10 Years +38%
72,420 AZN
10-15 Years +24%
88,300 AZN
15-20 Years +7%
96,960 AZN
20+ Years +7%
102,720 AZN

Mortgage Operations Manager Salary by Education Level in Azerbaijan

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 Operations Manager in Azerbaijan 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 Operations Manager in Azerbaijan with a bachelor's degree education can earn an average salary of 52,460 AZN.

  • Master's Degree. A Mortgage Operations Manager in Azerbaijan with a master's degree education can earn an average salary of 81,880 AZN.

Average Salary by Education Chart

Bachelor's Degree
52,460 AZN
Master's Degree +60%
81,880 AZN

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 Azerbaijan is around 14,700 to 44,200 AZN 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 Operations 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 Azerbaijan, a male mortgage operations manager will earn an average of 72,260 AZN, while a female mortgage operations manager will earn around 64,920 AZN.

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

Average Salary by Gender Chart in Azerbaijan

Male
72,260 AZN
Female -11%
64,920 AZN

Mortgage Operations Manager Average Pay Raise in Azerbaijan

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 Operations Manager in Azerbaijan is around 12% every 20 months.

The national average pay raise across all professions and industries in Azerbaijan is around 7% every 20 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 ÷ 20 ) × 12  = 7%

What this means is that a Mortgage Operations Manager in Azerbaijan can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Azerbaijan for 2024

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

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

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

Mortgage Operations Manager Bonus and Incentive Rates in Azerbaijan

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 Operations Manager is a high bonus based job, with 79% of employees reporting at least one bonus in the last 12 months.

21% 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
79%
No Bonus
21%

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 Azerbaijan earn approximately 3% more than private sector employees in the same role.

Public Sector
36,020 AZN
Private Sector -3%
34,980 AZN

Salaries for Jobs Similar to a Mortgage Operations Manager

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

Job Title Category Salary
AML Analyst Banking 57,900 AZN
Assistant Bank Branch Manager Banking 48,560 AZN
Assistant Bank Manager Banking 65,760 AZN
ATM Manager Banking 55,320 AZN
ATM Service Technician Banking 13,560 AZN
Bank Accounts Analyst Banking 20,940 AZN
Bank Accounts Collector Banking 14,540 AZN
Bank Accounts Controller Banking 26,780 AZN
Bank Accounts Executive Banking 42,040 AZN
Bank Accounts Manager Banking 46,040 AZN
Bank Auditing Manager Banking 47,120 AZN
Bank Branch Manager Banking 67,560 AZN
Bank Branch Operations Coordinator Banking 27,020 AZN
Bank Clerk Banking 12,120 AZN
Bank Client Service Associate Banking 17,760 AZN
Bank Collector Banking 11,880 AZN
Bank Compliance Specialist Banking 34,280 AZN
Bank Manager Banking 74,940 AZN
Bank Operational Risk Manager Banking 71,400 AZN
Bank Operations Head Banking 73,020 AZN
Bank Operations Officer Banking 29,600 AZN
Bank Operations Specialist Banking 48,160 AZN
Bank Process Manager Banking 40,600 AZN
Bank Product Manager Banking 47,720 AZN
Bank Programme Manager Banking 51,900 AZN
Bank Project Manager Banking 64,040 AZN
Bank Propositions Manager Banking 55,580 AZN
Bank Quantitative Analyst Banking 39,560 AZN
Bank Regional Manager Banking 80,020 AZN
Bank Regional Risk Officer Banking 40,600 AZN
Bank Relationship Manager Banking 61,180 AZN
Bank Relationship Officer Banking 26,080 AZN
Bank Teller Banking 14,620 AZN
Banker Banking 28,660 AZN
Banking Business Analyst Banking 41,660 AZN
Banking Business Development Officer Banking 23,140 AZN
Banking Business Planning Executive Banking 56,460 AZN
Banking Product Manager Banking 47,580 AZN
Banking Reference Data Manager Banking 43,800 AZN
Banking Risk Analyst Banking 38,620 AZN
Banking Technical Analyst Banking 21,380 AZN
Bankruptcy Coordinator Banking 28,900 AZN
Bill and Account Collector Banking 13,560 AZN
Budget Analyst Banking 42,320 AZN
Capital Risk Manager Banking 79,360 AZN
Cards Marketing Manager Banking 48,920 AZN
Cash Management Manager Banking 66,960 AZN
Check Processing Manager Banking 51,400 AZN
Commercial Vault Associate Banking 36,700 AZN
Corporate Banker Banking 28,720 AZN
Corporate Dealer Banking 41,820 AZN
Credit Analyst Banking 30,700 AZN
Credit and Collections Manager Banking 51,400 AZN
Credit Card Fraud Investigator Banking 41,700 AZN
Credit Portfolio Manager Banking 74,380 AZN
Credit Risk Analyst Banking 44,140 AZN
Credit Risk Associate Banking 43,360 AZN
Direct Bank Sales Representative Banking 28,660 AZN
Exchange Control Consultant Banking 42,400 AZN
Executive Account Analyst Banking 40,040 AZN
Financial Bank Planning Consultant Banking 51,900 AZN
Financial Banking Analysis Manager Banking 61,180 AZN
Financial Banking Assistant Banking 19,480 AZN
Financial Banking Systems Manager Banking 57,900 AZN
Foreign Exchange Manager Banking 55,840 AZN
Fraud Analyst Banking 43,080 AZN
Fraud Detection Associate Banking 26,400 AZN
Fraud Detection Manager Banking 63,480 AZN
Fraud Detection Supervisor Banking 34,960 AZN
Internal Bank Audit Manager Banking 75,280 AZN
Internal Bank Auditor Banking 41,980 AZN
Internal Private Banker Banking 30,840 AZN
International Banking Manager Banking 79,360 AZN
Investment Banking Analyst Banking 57,900 AZN
Loan Analyst Banking 39,420 AZN
Loan Area Manager Banking 48,640 AZN
Loan Audit Team Leader Banking 45,620 AZN
Loan Branch Manager Banking 46,160 AZN
Loan Business Development Officer Banking 25,680 AZN
Loan Clerk Banking 14,540 AZN
Loan Collection and Recovery Manager Banking 48,140 AZN
Loan Collection Manager Banking 47,120 AZN
Loan Collector Banking 13,780 AZN
Loan Examiner Banking 16,140 AZN
Loan Officer Banking 13,100 AZN
Loan Processing Manager Banking 45,560 AZN
Loan Processor Banking 20,120 AZN
Loan Quality Assurance Auditor Banking 40,140 AZN
Loan Quality Assurance Manager Banking 43,080 AZN
Loan Quality Assurance Representative Banking 29,320 AZN
Loan Review Manager Banking 46,840 AZN
Loan Team Leader Banking 40,040 AZN
Loans Manager Banking 51,340 AZN
Mortgage Advisor Banking 27,480 AZN
Mortgage Collection Manager Banking 50,580 AZN
Mortgage Collector Banking 13,700 AZN
Mortgage Credit Analyst Banking 19,060 AZN
Mortgage Credit Manager Banking 45,580 AZN
Mortgage Development Manager Banking 51,400 AZN
Mortgage Document Reviewer Banking 17,860 AZN
Mortgage Funding Manager Banking 54,140 AZN
Mortgage Payment Processing Clerk Banking 14,820 AZN
Mortgage Processing Manager Banking 45,060 AZN
Mortgage Processor Banking 15,700 AZN
Mortgage Quality Assurance Auditor Banking 42,460 AZN
Mortgage Quality Assurance Manager Banking 44,800 AZN
Mortgage Servicing Clerk Banking 11,880 AZN
Mortgage Servicing Manager Banking 43,340 AZN
Mortgage Underwriter Banking 17,540 AZN
Online Banking Manager Banking 67,900 AZN
Payment Processing Clerk Banking 12,620 AZN
Personal Banker Banking 28,860 AZN
Personal Banking Advisor Banking 30,840 AZN
Phone Banker Banking 19,860 AZN
Private Banker Banking 28,900 AZN
Reconciliation and Investigation Specialist Banking 32,200 AZN
Tax Officer Banking 24,280 AZN
Teller Banking 13,560 AZN
Trade Officer Banking 15,300 AZN
Trade Product Manager Banking 48,640 AZN
Trader Banking 20,120 AZN
Treasury Operations Officer Banking 35,300 AZN

Salary Comparison by City

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

City Average Salary
Baku 75,980 AZN
Ganja 69,060 AZN
Sumqayit 64,620 AZN

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