Average Mortgage Payment Processing Clerk Salary in Martinique for 2024

In this article, we will look at the average Mortgage Payment Processing Clerk salary for 2024 in Martinique 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

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

A Mortgage Payment Processing Clerk working in Martinique will typically earn around 14,820 EUR per year, and this can range from the lowest average salary of about 6,200 EUR to the highest average salary of 23,360 EUR.

Average Annual Salary
14,820 EUR
Average Monthly Salary
1,235 EUR

Lowest Annual Salary
6,200 EUR
Lowest Monthly Salary
516 EUR

Highest Annual Salary
23,360 EUR
Highest Monthly Salary
1,946 EUR

These are average salaries for a Mortgage Payment Processing Clerk in Martinique 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 Martinique

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

Salary ranges

We already know that a Mortgage Payment Processing Clerk can earn between 6,200 EUR and 23,360 EUR on average in Martinique. 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 Martinique is 16,720 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 16,720 EUR, and 50% of the population earn more than 16,720 EUR.

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 Martinique, 25% of the population are earning less than 10,220 EUR while 75% of the population earn more than 10,220 EUR.

75% of the population earn less than 20,760 EUR, and 25% of the population earn more than 20,760 EUR.

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 Martinique

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 Martinique that has less than two years of experience can expect to earn somewhere in the region of 8,960 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Mortgage Payment Processing Clerk salary would increase to 10,220 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Mortgage Payment Processing Clerk, the average salary would be 16,400 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 19,480 EUR.
  • 15 - 20 Years Experience. A Mortgage Payment Processing Clerk with 15 to 20 years of experience can earn an average of 19,980 EUR.
  • 20+ Years Experience. For a Mortgage Payment Processing Clerk with more than 20 years, the expected average salary increases to 24,280 EUR.

Average Salary by Experience Chart

0-2 Years
8,960 EUR
2-5 Years +34%
10,220 EUR
5-10 Years +48%
16,400 EUR
10-15 Years +22%
19,480 EUR
15-20 Years +9%
19,980 EUR
20+ Years +8%
24,280 EUR

Mortgage Payment Processing Clerk Salary by Education Level in Martinique

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 Martinique 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 Martinique with a high school education can earn an average salary of 8,560 EUR.

  • Certificate or Diploma. A Mortgage Payment Processing Clerk in Martinique with a certificate or diploma education can earn an average salary of 14,840 EUR.

  • Bachelor's Degree. A Mortgage Payment Processing Clerk in Martinique with a bachelor's degree education can earn an average salary of 24,800 EUR.

Average Salary by Education Chart

High School
8,560 EUR
Certificate or Diploma +57%
14,840 EUR
Bachelor's Degree +68%
24,800 EUR

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 Martinique is around 15,100 to 45,200 EUR 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 Martinique, a male mortgage payment processing clerk will earn an average of 16,340 EUR, while a female mortgage payment processing clerk will earn around 12,580 EUR.

This means that a male mortgage payment processing clerk earns approximately 30% more than a female mortgage payment processing clerk for performing the same job.

Average Salary by Gender Chart in Martinique

Male
16,340 EUR
Female -30%
12,580 EUR

Mortgage Payment Processing Clerk Average Pay Raise in Martinique

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 Martinique is around 7% every 27 months.

The national average pay raise across all professions and industries in Martinique 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 Martinique can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Martinique for 2024

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

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 Martinique

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 Martinique earn approximately 27% more than private sector employees in the same role.

Public Sector
41,980 EUR
Private Sector -27%
32,960 EUR

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 Martinique.

Job Title Category Salary
AML Analyst Banking 59,000 EUR
Assistant Bank Branch Manager Banking 48,140 EUR
Assistant Bank Manager Banking 60,840 EUR
ATM Manager Banking 54,460 EUR
ATM Service Technician Banking 17,260 EUR
Bank Accounts Analyst Banking 20,460 EUR
Bank Accounts Collector Banking 14,540 EUR
Bank Accounts Controller Banking 26,080 EUR
Bank Accounts Executive Banking 42,040 EUR
Bank Accounts Manager Banking 49,700 EUR
Bank Auditing Manager Banking 47,120 EUR
Bank Branch Manager Banking 68,900 EUR
Bank Branch Operations Coordinator Banking 27,020 EUR
Bank Clerk Banking 10,980 EUR
Bank Client Service Associate Banking 19,200 EUR
Bank Collector Banking 13,900 EUR
Bank Compliance Specialist Banking 34,280 EUR
Bank Manager Banking 73,880 EUR
Bank Operational Risk Manager Banking 75,260 EUR
Bank Operations Head Banking 76,440 EUR
Bank Operations Officer Banking 30,700 EUR
Bank Operations Specialist Banking 48,160 EUR
Bank Process Manager Banking 40,600 EUR
Bank Product Manager Banking 50,520 EUR
Bank Programme Manager Banking 50,660 EUR
Bank Project Manager Banking 64,040 EUR
Bank Propositions Manager Banking 52,300 EUR
Bank Quantitative Analyst Banking 40,240 EUR
Bank Regional Manager Banking 78,940 EUR
Bank Regional Risk Officer Banking 39,960 EUR
Bank Relationship Manager Banking 61,180 EUR
Bank Relationship Officer Banking 26,660 EUR
Bank Teller Banking 12,620 EUR
Banker Banking 28,660 EUR
Banking Business Analyst Banking 41,660 EUR
Banking Business Development Officer Banking 26,020 EUR
Banking Business Planning Executive Banking 56,460 EUR
Banking Product Manager Banking 48,560 EUR
Banking Reference Data Manager Banking 43,520 EUR
Banking Risk Analyst Banking 42,400 EUR
Banking Technical Analyst Banking 23,520 EUR
Bankruptcy Coordinator Banking 30,800 EUR
Bill and Account Collector Banking 13,560 EUR
Budget Analyst Banking 41,700 EUR
Capital Risk Manager Banking 79,360 EUR
Cards Marketing Manager Banking 53,120 EUR
Cash Management Manager Banking 72,120 EUR
Check Processing Manager Banking 48,760 EUR
Commercial Vault Associate Banking 36,720 EUR
Corporate Banker Banking 29,320 EUR
Corporate Dealer Banking 40,640 EUR
Credit Analyst Banking 28,680 EUR
Credit and Collections Manager Banking 54,460 EUR
Credit Card Fraud Investigator Banking 44,300 EUR
Credit Portfolio Manager Banking 72,540 EUR
Credit Risk Analyst Banking 47,180 EUR
Credit Risk Associate Banking 44,800 EUR
Direct Bank Sales Representative Banking 26,660 EUR
Exchange Control Consultant Banking 41,480 EUR
Executive Account Analyst Banking 37,880 EUR
Financial Bank Planning Consultant Banking 49,300 EUR
Financial Banking Analysis Manager Banking 60,160 EUR
Financial Banking Assistant Banking 16,980 EUR
Financial Banking Systems Manager Banking 55,940 EUR
Foreign Exchange Manager Banking 60,020 EUR
Fraud Analyst Banking 43,080 EUR
Fraud Detection Associate Banking 26,400 EUR
Fraud Detection Manager Banking 59,660 EUR
Fraud Detection Supervisor Banking 34,280 EUR
Internal Bank Audit Manager Banking 70,700 EUR
Internal Bank Auditor Banking 40,560 EUR
Internal Private Banker Banking 29,640 EUR
International Banking Manager Banking 79,360 EUR
Investment Banking Analyst Banking 54,500 EUR
Loan Analyst Banking 39,960 EUR
Loan Area Manager Banking 52,460 EUR
Loan Audit Team Leader Banking 45,720 EUR
Loan Branch Manager Banking 45,560 EUR
Loan Business Development Officer Banking 24,800 EUR
Loan Clerk Banking 14,540 EUR
Loan Collection and Recovery Manager Banking 48,560 EUR
Loan Collection Manager Banking 45,580 EUR
Loan Collector Banking 10,980 EUR
Loan Examiner Banking 18,780 EUR
Loan Officer Banking 17,100 EUR
Loan Processing Manager Banking 45,560 EUR
Loan Processor Banking 18,780 EUR
Loan Quality Assurance Auditor Banking 39,420 EUR
Loan Quality Assurance Manager Banking 47,120 EUR
Loan Quality Assurance Representative Banking 27,020 EUR
Loan Review Manager Banking 46,840 EUR
Loan Team Leader Banking 43,480 EUR
Loans Manager Banking 56,880 EUR
Mortgage Advisor Banking 26,500 EUR
Mortgage Collection Manager Banking 45,260 EUR
Mortgage Collector Banking 11,880 EUR
Mortgage Credit Analyst Banking 19,060 EUR
Mortgage Credit Manager Banking 46,840 EUR
Mortgage Development Manager Banking 54,140 EUR
Mortgage Document Reviewer Banking 17,560 EUR
Mortgage Funding Manager Banking 52,380 EUR
Mortgage Operations Manager Banking 66,840 EUR
Mortgage Processing Manager Banking 45,060 EUR
Mortgage Processor Banking 17,860 EUR
Mortgage Quality Assurance Auditor Banking 39,640 EUR
Mortgage Quality Assurance Manager Banking 46,720 EUR
Mortgage Servicing Clerk Banking 13,560 EUR
Mortgage Servicing Manager Banking 42,040 EUR
Mortgage Underwriter Banking 15,700 EUR
Online Banking Manager Banking 67,120 EUR
Payment Processing Clerk Banking 14,920 EUR
Personal Banker Banking 26,280 EUR
Personal Banking Advisor Banking 29,840 EUR
Phone Banker Banking 17,740 EUR
Private Banker Banking 26,100 EUR
Reconciliation and Investigation Specialist Banking 32,420 EUR
Tax Officer Banking 26,020 EUR
Teller Banking 13,780 EUR
Trade Officer Banking 15,300 EUR
Trade Product Manager Banking 46,400 EUR
Trader Banking 19,860 EUR
Treasury Operations Officer Banking 35,520 EUR

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