Average Mortgage Payment Processing Clerk Salary in San Marino for 2024

In this article, we will look at the average Mortgage Payment Processing Clerk salary for 2024 in San Marino 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 San Marino?

A Mortgage Payment Processing Clerk working in San Marino will typically earn around 23,400 EUR per year, and this can range from the lowest average salary of about 11,300 EUR to the highest average salary of 34,280 EUR.

Average Annual Salary
23,400 EUR
Average Monthly Salary
1,950 EUR

Lowest Annual Salary
11,300 EUR
Lowest Monthly Salary
941 EUR

Highest Annual Salary
34,280 EUR
Highest Monthly Salary
2,856 EUR

These are average salaries for a Mortgage Payment Processing Clerk in San Marino 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 San Marino

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

Salary ranges

We already know that a Mortgage Payment Processing Clerk can earn between 11,300 EUR and 34,280 EUR on average in San Marino. 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 San Marino is 22,400 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 22,400 EUR, and 50% of the population earn more than 22,400 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 San Marino, 25% of the population are earning less than 17,260 EUR while 75% of the population earn more than 17,260 EUR.

75% of the population earn less than 33,120 EUR, and 25% of the population earn more than 33,120 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 San Marino

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 San Marino that has less than two years of experience can expect to earn somewhere in the region of 9,940 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Mortgage Payment Processing Clerk salary would increase to 15,580 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Mortgage Payment Processing Clerk, the average salary would be 21,300 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 29,540 EUR.
  • 15 - 20 Years Experience. A Mortgage Payment Processing Clerk with 15 to 20 years of experience can earn an average of 31,660 EUR.
  • 20+ Years Experience. For a Mortgage Payment Processing Clerk with more than 20 years, the expected average salary increases to 31,980 EUR.

Average Salary by Experience Chart

0-2 Years
9,940 EUR
2-5 Years +33%
15,580 EUR
5-10 Years +48%
21,300 EUR
10-15 Years +22%
29,540 EUR
15-20 Years +9%
31,660 EUR
20+ Years +8%
31,980 EUR

Mortgage Payment Processing Clerk Salary by Education Level in San Marino

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 San Marino 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 San Marino with a high school education can earn an average salary of 13,900 EUR.

  • Certificate or Diploma. A Mortgage Payment Processing Clerk in San Marino with a certificate or diploma education can earn an average salary of 19,060 EUR.

  • Bachelor's Degree. A Mortgage Payment Processing Clerk in San Marino with a bachelor's degree education can earn an average salary of 35,300 EUR.

Average Salary by Education Chart

High School
13,900 EUR
Certificate or Diploma +57%
19,060 EUR
Bachelor's Degree +68%
35,300 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 San Marino is around 22,700 to 68,100 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 San Marino, a male mortgage payment processing clerk will earn an average of 25,220 EUR, while a female mortgage payment processing clerk will earn around 19,380 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 San Marino

Male
25,220 EUR
Female -30%
19,380 EUR

Mortgage Payment Processing Clerk Average Pay Raise in San Marino

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 San Marino is around 7% every 27 months.

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

Annual Pay Raise by Industry in San Marino for 2024

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

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 San Marino

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 San Marino earn approximately 28% more than private sector employees in the same role.

Public Sector
60,180 EUR
Private Sector -28%
46,880 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 San Marino.

Job Title Category Salary
AML Analyst Banking 85,940 EUR
Assistant Bank Branch Manager Banking 67,020 EUR
Assistant Bank Manager Banking 95,760 EUR
ATM Manager Banking 80,180 EUR
ATM Service Technician Banking 21,560 EUR
Bank Accounts Analyst Banking 31,180 EUR
Bank Accounts Collector Banking 19,640 EUR
Bank Accounts Controller Banking 36,020 EUR
Bank Accounts Executive Banking 57,360 EUR
Bank Accounts Manager Banking 71,020 EUR
Bank Auditing Manager Banking 68,360 EUR
Bank Branch Manager Banking 93,140 EUR
Bank Branch Operations Coordinator Banking 38,620 EUR
Bank Clerk Banking 19,200 EUR
Bank Client Service Associate Banking 25,940 EUR
Bank Collector Banking 18,900 EUR
Bank Compliance Specialist Banking 48,640 EUR
Bank Manager Banking 109,740 EUR
Bank Operational Risk Manager Banking 106,500 EUR
Bank Operations Head Banking 114,940 EUR
Bank Operations Officer Banking 41,820 EUR
Bank Operations Specialist Banking 66,140 EUR
Bank Process Manager Banking 63,040 EUR
Bank Product Manager Banking 72,360 EUR
Bank Programme Manager Banking 74,540 EUR
Bank Project Manager Banking 86,520 EUR
Bank Propositions Manager Banking 80,760 EUR
Bank Quantitative Analyst Banking 55,140 EUR
Bank Regional Manager Banking 112,620 EUR
Bank Regional Risk Officer Banking 56,460 EUR
Bank Relationship Manager Banking 80,760 EUR
Bank Relationship Officer Banking 35,000 EUR
Bank Teller Banking 21,540 EUR
Banker Banking 39,420 EUR
Banking Business Analyst Banking 59,480 EUR
Banking Business Development Officer Banking 35,420 EUR
Banking Business Planning Executive Banking 84,800 EUR
Banking Product Manager Banking 69,780 EUR
Banking Reference Data Manager Banking 63,480 EUR
Banking Risk Analyst Banking 59,240 EUR
Banking Technical Analyst Banking 30,700 EUR
Bankruptcy Coordinator Banking 40,560 EUR
Bill and Account Collector Banking 20,940 EUR
Budget Analyst Banking 53,160 EUR
Capital Risk Manager Banking 104,920 EUR
Cards Marketing Manager Banking 75,260 EUR
Cash Management Manager Banking 101,980 EUR
Check Processing Manager Banking 77,060 EUR
Commercial Vault Associate Banking 57,900 EUR
Corporate Banker Banking 44,180 EUR
Corporate Dealer Banking 59,940 EUR
Credit Analyst Banking 45,200 EUR
Credit and Collections Manager Banking 75,220 EUR
Credit Card Fraud Investigator Banking 57,080 EUR
Credit Portfolio Manager Banking 112,420 EUR
Credit Risk Analyst Banking 64,200 EUR
Credit Risk Associate Banking 63,320 EUR
Direct Bank Sales Representative Banking 36,720 EUR
Exchange Control Consultant Banking 60,160 EUR
Executive Account Analyst Banking 56,140 EUR
Financial Bank Planning Consultant Banking 72,420 EUR
Financial Banking Analysis Manager Banking 86,740 EUR
Financial Banking Assistant Banking 29,540 EUR
Financial Banking Systems Manager Banking 77,100 EUR
Foreign Exchange Manager Banking 83,760 EUR
Fraud Analyst Banking 63,500 EUR
Fraud Detection Associate Banking 38,780 EUR
Fraud Detection Manager Banking 84,800 EUR
Fraud Detection Supervisor Banking 49,700 EUR
Internal Bank Audit Manager Banking 101,020 EUR
Internal Bank Auditor Banking 57,800 EUR
Internal Private Banker Banking 41,480 EUR
International Banking Manager Banking 119,700 EUR
Investment Banking Analyst Banking 77,100 EUR
Loan Analyst Banking 56,640 EUR
Loan Area Manager Banking 69,240 EUR
Loan Audit Team Leader Banking 65,080 EUR
Loan Branch Manager Banking 65,760 EUR
Loan Business Development Officer Banking 35,300 EUR
Loan Clerk Banking 21,540 EUR
Loan Collection and Recovery Manager Banking 65,080 EUR
Loan Collection Manager Banking 67,900 EUR
Loan Collector Banking 18,780 EUR
Loan Examiner Banking 25,160 EUR
Loan Officer Banking 20,460 EUR
Loan Processing Manager Banking 64,720 EUR
Loan Processor Banking 27,300 EUR
Loan Quality Assurance Auditor Banking 58,860 EUR
Loan Quality Assurance Manager Banking 63,040 EUR
Loan Quality Assurance Representative Banking 44,180 EUR
Loan Review Manager Banking 61,680 EUR
Loan Team Leader Banking 55,840 EUR
Loans Manager Banking 80,580 EUR
Mortgage Advisor Banking 38,060 EUR
Mortgage Collection Manager Banking 71,700 EUR
Mortgage Collector Banking 18,940 EUR
Mortgage Credit Analyst Banking 29,600 EUR
Mortgage Credit Manager Banking 63,400 EUR
Mortgage Development Manager Banking 74,060 EUR
Mortgage Document Reviewer Banking 26,020 EUR
Mortgage Funding Manager Banking 73,820 EUR
Mortgage Operations Manager Banking 102,240 EUR
Mortgage Processing Manager Banking 64,300 EUR
Mortgage Processor Banking 26,020 EUR
Mortgage Quality Assurance Auditor Banking 56,460 EUR
Mortgage Quality Assurance Manager Banking 66,020 EUR
Mortgage Servicing Clerk Banking 21,380 EUR
Mortgage Servicing Manager Banking 64,920 EUR
Mortgage Underwriter Banking 23,660 EUR
Online Banking Manager Banking 102,380 EUR
Payment Processing Clerk Banking 21,100 EUR
Personal Banker Banking 41,180 EUR
Personal Banking Advisor Banking 41,980 EUR
Phone Banker Banking 25,160 EUR
Private Banker Banking 42,460 EUR
Reconciliation and Investigation Specialist Banking 46,160 EUR
Tax Officer Banking 36,160 EUR
Teller Banking 17,740 EUR
Trade Officer Banking 23,660 EUR
Trade Product Manager Banking 65,920 EUR
Trader Banking 29,540 EUR
Treasury Operations Officer Banking 52,380 EUR

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