Average Mortgage Payment Processing Clerk Salary in Laos for 2024

In this article, we will look at the average Mortgage Payment Processing Clerk salary for 2024 in Laos 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 Lao kip. To keep things simple, we are using the LAK currency code instead of the currency symbol โ‚ญ.

How Much Does a Mortgage Payment Processing Clerk Make in Laos?

A Mortgage Payment Processing Clerk working in Laos will typically earn around 23,399,000 LAK per year, and this can range from the lowest average salary of about 10,762,500 LAK to the highest average salary of 37,201,700 LAK.

Average Annual Salary
23,399,000 LAK
Average Monthly Salary
1,949,916 LAK

Lowest Annual Salary
10,762,500 LAK
Lowest Monthly Salary
896,875 LAK

Highest Annual Salary
37,201,700 LAK
Highest Monthly Salary
3,100,141 LAK

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

Mortgage Payment Processing Clerk 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 Payment Processing Clerk Salaries in Laos

So we've looked at the average salaries a Mortgage Payment Processing Clerk will earn in Laos. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Mortgage Payment Processing Clerk can earn between 10,762,500 LAK and 37,201,700 LAK on average in Laos. 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 Payment Processing Clerk in Laos is 25,321,400 LAK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 25,321,400 LAK, and 50% of the population earn more than 25,321,400 LAK.

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 Payment Processing Clerk salary in Laos, 25% of the population are earning less than 16,198,300 LAK while 75% of the population earn more than 16,198,300 LAK.

75% of the population earn less than 33,721,200 LAK, and 25% of the population earn more than 33,721,200 LAK.

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 Payment Processing Clerk Salary by Experience Level in Laos

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 payment processing clerk 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 Payment Processing Clerk in Laos that has less than two years of experience can expect to earn somewhere in the region of 12,239,700 LAK.
  • 2 - 5 Years Experience. With two to five years of experience the average Mortgage Payment Processing Clerk salary would increase to 16,320,700 LAK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Mortgage Payment Processing Clerk, the average salary would be 24,119,700 LAK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 29,399,100 LAK.
  • 15 - 20 Years Experience. A Mortgage Payment Processing Clerk with 15 to 20 years of experience can earn an average of 32,038,500 LAK.
  • 20+ Years Experience. For a Mortgage Payment Processing Clerk with more than 20 years, the expected average salary increases to 34,679,400 LAK.

Average Salary by Experience Chart

0-2 Years
12,239,700 LAK
2-5 Years +34%
16,320,700 LAK
5-10 Years +48%
24,119,700 LAK
10-15 Years +22%
29,399,100 LAK
15-20 Years +9%
32,038,500 LAK
20+ Years +8%
34,679,400 LAK

Mortgage Payment Processing Clerk Salary by Education Level in Laos

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 Payment Processing Clerk in Laos based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Mortgage Payment Processing Clerk in Laos with a high school education can earn an average salary of 13,919,600 LAK.

  • Certificate or Diploma. A Mortgage Payment Processing Clerk in Laos with a certificate or diploma education can earn an average salary of 21,841,900 LAK.

  • Bachelor's Degree. A Mortgage Payment Processing Clerk in Laos with a bachelor's degree education can earn an average salary of 36,718,100 LAK.

Average Salary by Education Chart

High School
13,919,600 LAK
Certificate or Diploma +57%
21,841,900 LAK
Bachelor's Degree +68%
36,718,100 LAK

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 Laos is around 22,700,000 to 68,200,000 LAK 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 Payment Processing Clerk 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 Laos, a male mortgage payment processing clerk will earn an average of 24,841,800 LAK, while a female mortgage payment processing clerk will earn around 21,961,700 LAK.

This means that a male mortgage payment processing clerk earns approximately 13% more than a female mortgage payment processing clerk for performing the same job.

Average Salary by Gender Chart in Laos

Male
24,841,800 LAK
Female -13%
21,961,700 LAK

Mortgage Payment Processing Clerk Average Pay Raise in Laos

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 Payment Processing Clerk in Laos is around 7% every 27 months.

The national average pay raise across all professions and industries in Laos is around 4% every 29 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 = ( 7 ÷ 27 ) × 12  = 3%

What this means is that a Mortgage Payment Processing Clerk in Laos can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Laos for 2024

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

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

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

Mortgage Payment Processing Clerk Bonus and Incentive Rates in Laos

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 Payment Processing Clerk is a low bonus based job, with 15% of employees reporting at least one bonus in the last 12 months.

85% 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 0% to 4%.

Received Bonus
15%
No Bonus
85%

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 Laos earn approximately 25% more than private sector employees in the same role.

Public Sector
60,598,100 LAK
Private Sector -25%
48,601,200 LAK

Salaries for Jobs Similar to a Mortgage Payment Processing Clerk

In the table below, we have salary information for jobs that are similar to a Mortgage Payment Processing Clerk in Laos.

Job Title Category Salary
AML Analyst Banking 86,278,600 LAK
Assistant Bank Branch Manager Banking 75,121,900 LAK
Assistant Bank Manager Banking 98,761,000 LAK
ATM Manager Banking 84,840,200 LAK
ATM Service Technician Banking 23,759,100 LAK
Bank Accounts Analyst Banking 33,599,200 LAK
Bank Accounts Collector Banking 19,678,200 LAK
Bank Accounts Controller Banking 40,439,700 LAK
Bank Accounts Executive Banking 61,080,900 LAK
Bank Accounts Manager Banking 71,999,700 LAK
Bank Auditing Manager Banking 70,560,500 LAK
Bank Branch Manager Banking 100,679,100 LAK
Bank Branch Operations Coordinator Banking 43,680,700 LAK
Bank Clerk Banking 19,678,200 LAK
Bank Client Service Associate Banking 27,118,300 LAK
Bank Collector Banking 20,760,500 LAK
Bank Compliance Specialist Banking 54,719,600 LAK
Bank Manager Banking 119,998,200 LAK
Bank Operational Risk Manager Banking 115,201,600 LAK
Bank Operations Head Banking 118,801,500 LAK
Bank Operations Officer Banking 45,961,300 LAK
Bank Operations Specialist Banking 76,439,700 LAK
Bank Process Manager Banking 65,401,000 LAK
Bank Product Manager Banking 76,921,100 LAK
Bank Programme Manager Banking 81,961,200 LAK
Bank Project Manager Banking 92,518,400 LAK
Bank Propositions Manager Banking 84,479,000 LAK
Bank Quantitative Analyst Banking 59,040,700 LAK
Bank Regional Manager Banking 117,481,500 LAK
Bank Regional Risk Officer Banking 59,158,300 LAK
Bank Relationship Manager Banking 87,600,700 LAK
Bank Relationship Officer Banking 41,878,100 LAK
Bank Teller Banking 20,639,100 LAK
Banker Banking 40,079,600 LAK
Banking Business Analyst Banking 62,519,300 LAK
Banking Business Development Officer Banking 37,318,700 LAK
Banking Business Planning Executive Banking 89,999,900 LAK
Banking Product Manager Banking 75,479,500 LAK
Banking Reference Data Manager Banking 69,241,100 LAK
Banking Risk Analyst Banking 62,041,800 LAK
Banking Technical Analyst Banking 31,559,900 LAK
Bankruptcy Coordinator Banking 41,761,800 LAK
Bill and Account Collector Banking 20,999,200 LAK
Budget Analyst Banking 62,879,900 LAK
Capital Risk Manager Banking 113,881,000 LAK
Cards Marketing Manager Banking 79,319,400 LAK
Cash Management Manager Banking 106,198,200 LAK
Check Processing Manager Banking 79,921,300 LAK
Commercial Vault Associate Banking 60,598,100 LAK
Corporate Banker Banking 43,800,600 LAK
Corporate Dealer Banking 62,041,800 LAK
Credit Analyst Banking 45,599,600 LAK
Credit and Collections Manager Banking 80,640,500 LAK
Credit Card Fraud Investigator Banking 62,760,700 LAK
Credit Portfolio Manager Banking 119,399,100 LAK
Credit Risk Analyst Banking 66,481,700 LAK
Credit Risk Associate Banking 65,878,200 LAK
Direct Bank Sales Representative Banking 43,800,600 LAK
Exchange Control Consultant Banking 66,720,300 LAK
Executive Account Analyst Banking 61,199,900 LAK
Financial Bank Planning Consultant Banking 75,121,900 LAK
Financial Banking Analysis Manager Banking 94,079,900 LAK
Financial Banking Assistant Banking 28,078,900 LAK
Financial Banking Systems Manager Banking 81,600,600 LAK
Foreign Exchange Manager Banking 88,799,900 LAK
Fraud Analyst Banking 62,519,300 LAK
Fraud Detection Associate Banking 44,760,700 LAK
Fraud Detection Manager Banking 93,239,900 LAK
Fraud Detection Supervisor Banking 54,961,400 LAK
Internal Bank Audit Manager Banking 107,161,400 LAK
Internal Bank Auditor Banking 58,079,300 LAK
Internal Private Banker Banking 43,559,400 LAK
International Banking Manager Banking 124,799,100 LAK
Investment Banking Analyst Banking 89,281,500 LAK
Loan Analyst Banking 63,120,600 LAK
Loan Area Manager Banking 76,199,500 LAK
Loan Audit Team Leader Banking 71,280,900 LAK
Loan Branch Manager Banking 71,761,200 LAK
Loan Business Development Officer Banking 35,640,500 LAK
Loan Clerk Banking 21,241,100 LAK
Loan Collection and Recovery Manager Banking 74,161,900 LAK
Loan Collection Manager Banking 72,958,100 LAK
Loan Collector Banking 20,639,100 LAK
Loan Examiner Banking 27,960,400 LAK
Loan Officer Banking 24,119,700 LAK
Loan Processing Manager Banking 63,360,300 LAK
Loan Processor Banking 27,001,700 LAK
Loan Quality Assurance Auditor Banking 61,561,100 LAK
Loan Quality Assurance Manager Banking 69,721,100 LAK
Loan Quality Assurance Representative Banking 47,280,300 LAK
Loan Review Manager Banking 72,481,900 LAK
Loan Team Leader Banking 59,640,200 LAK
Loans Manager Banking 84,479,000 LAK
Mortgage Advisor Banking 41,761,800 LAK
Mortgage Collection Manager Banking 71,641,100 LAK
Mortgage Collector Banking 20,281,100 LAK
Mortgage Credit Analyst Banking 33,599,200 LAK
Mortgage Credit Manager Banking 71,761,200 LAK
Mortgage Development Manager Banking 75,721,000 LAK
Mortgage Document Reviewer Banking 26,280,300 LAK
Mortgage Funding Manager Banking 79,200,600 LAK
Mortgage Operations Manager Banking 104,279,900 LAK
Mortgage Processing Manager Banking 71,280,900 LAK
Mortgage Processor Banking 28,439,500 LAK
Mortgage Quality Assurance Auditor Banking 61,678,300 LAK
Mortgage Quality Assurance Manager Banking 71,761,200 LAK
Mortgage Servicing Clerk Banking 22,321,900 LAK
Mortgage Servicing Manager Banking 65,401,000 LAK
Mortgage Underwriter Banking 27,241,100 LAK
Online Banking Manager Banking 107,879,100 LAK
Payment Processing Clerk Banking 22,321,900 LAK
Personal Banker Banking 44,280,500 LAK
Personal Banking Advisor Banking 45,478,500 LAK
Phone Banker Banking 28,318,900 LAK
Private Banker Banking 46,319,900 LAK
Reconciliation and Investigation Specialist Banking 52,681,700 LAK
Tax Officer Banking 37,919,200 LAK
Teller Banking 20,878,800 LAK
Trade Officer Banking 25,079,200 LAK
Trade Product Manager Banking 73,081,700 LAK
Trader Banking 31,081,900 LAK
Treasury Operations Officer Banking 52,800,100 LAK

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