Average Mortgage Processing Manager Salary in Thailand for 2024

In this article, we will look at the average Mortgage Processing Manager salary for 2024 in Thailand 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 Thai baht. To keep things simple, we are using the THB currency code instead of the currency symbol ฿.

How Much Does a Mortgage Processing Manager Make in Thailand?

A Mortgage Processing Manager working in Thailand will typically earn around 1,428,800 THB per year, and this can range from the lowest average salary of about 658,300 THB to the highest average salary of 2,281,800 THB.

Average Annual Salary
1,428,800 THB
Average Monthly Salary
119,066 THB

Lowest Annual Salary
658,300 THB
Lowest Monthly Salary
54,858 THB

Highest Annual Salary
2,281,800 THB
Highest Monthly Salary
190,150 THB

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

Mortgage Processing 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 Processing Manager Salaries in Thailand

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

Salary ranges

We already know that a Mortgage Processing Manager can earn between 658,300 THB and 2,281,800 THB on average in Thailand. 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 Processing Manager in Thailand is 1,547,500 THB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,547,500 THB, and 50% of the population earn more than 1,547,500 THB.

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 Processing Manager salary in Thailand, 25% of the population are earning less than 991,000 THB while 75% of the population earn more than 991,000 THB.

75% of the population earn less than 2,065,400 THB, and 25% of the population earn more than 2,065,400 THB.

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 Processing Manager Salary by Experience Level in Thailand

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 processing 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 Processing Manager in Thailand that has less than two years of experience can expect to earn somewhere in the region of 746,600 THB.
  • 2 - 5 Years Experience. With two to five years of experience the average Mortgage Processing Manager salary would increase to 996,600 THB.
  • 5 - 10 Years Experience. From five to ten years of experience as a Mortgage Processing Manager, the average salary would be 1,476,700 THB.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,800,200 THB.
  • 15 - 20 Years Experience. A Mortgage Processing Manager with 15 to 20 years of experience can earn an average of 1,955,300 THB.
  • 20+ Years Experience. For a Mortgage Processing Manager with more than 20 years, the expected average salary increases to 2,124,400 THB.

Average Salary by Experience Chart

0-2 Years
746,600 THB
2-5 Years +34%
996,600 THB
5-10 Years +48%
1,476,700 THB
10-15 Years +22%
1,800,200 THB
15-20 Years +9%
1,955,300 THB
20+ Years +8%
2,124,400 THB

Mortgage Processing Manager Salary by Education Level in Thailand

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 Processing Manager in Thailand 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 Processing Manager in Thailand with a bachelor's degree education can earn an average salary of 868,400 THB.

  • Master's Degree. A Mortgage Processing Manager in Thailand with a master's degree education can earn an average salary of 1,678,300 THB.

Average Salary by Education Chart

Bachelor's Degree
868,400 THB
Master's Degree +93%
1,678,300 THB

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 Thailand is around 485,000 to 1,450,000 THB 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 Processing 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 Thailand, a male mortgage processing manager will earn an average of 1,537,500 THB, while a female mortgage processing manager will earn around 1,333,900 THB.

This means that a male mortgage processing manager earns approximately 15% more than a female mortgage processing manager for performing the same job.

Average Salary by Gender Chart in Thailand

Male
1,537,500 THB
Female -15%
1,333,900 THB

Mortgage Processing Manager Average Pay Raise in Thailand

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 Processing Manager in Thailand is around 12% every 16 months.

The national average pay raise across all professions and industries in Thailand is around 8% every 17 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 ÷ 16 ) × 12  = 9%

What this means is that a Mortgage Processing Manager in Thailand can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Thailand for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Mortgage Processing Manager Bonus and Incentive Rates in Thailand

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 Processing Manager is a high bonus based job, with 85% of employees reporting at least one bonus in the last 12 months.

15% 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
85%
No Bonus
15%

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 Thailand earn approximately 6% more than private sector employees in the same role.

Public Sector
1,198,300 THB
Private Sector -6%
1,129,700 THB

Salaries for Jobs Similar to a Mortgage Processing Manager

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

Job Title Category Salary
AML Analyst Banking 1,870,400 THB
Assistant Bank Branch Manager Banking 1,606,100 THB
Assistant Bank Manager Banking 2,146,100 THB
ATM Manager Banking 1,835,700 THB
ATM Service Technician Banking 466,300 THB
Bank Accounts Analyst Banking 679,200 THB
Bank Accounts Collector Banking 440,200 THB
Bank Accounts Controller Banking 882,400 THB
Bank Accounts Executive Banking 1,333,900 THB
Bank Accounts Manager Banking 1,560,800 THB
Bank Auditing Manager Banking 1,524,300 THB
Bank Branch Manager Banking 2,161,200 THB
Bank Branch Operations Coordinator Banking 949,600 THB
Bank Clerk Banking 417,200 THB
Bank Client Service Associate Banking 603,400 THB
Bank Collector Banking 451,000 THB
Bank Compliance Specialist Banking 1,159,000 THB
Bank Manager Banking 2,471,700 THB
Bank Operational Risk Manager Banking 2,401,300 THB
Bank Operations Head Banking 2,447,200 THB
Bank Operations Officer Banking 1,023,400 THB
Bank Operations Specialist Banking 1,570,900 THB
Bank Process Manager Banking 1,380,400 THB
Bank Product Manager Banking 1,583,700 THB
Bank Programme Manager Banking 1,751,700 THB
Bank Project Manager Banking 2,076,600 THB
Bank Propositions Manager Banking 1,846,200 THB
Bank Quantitative Analyst Banking 1,320,500 THB
Bank Regional Manager Banking 2,641,300 THB
Bank Regional Risk Officer Banking 1,380,400 THB
Bank Relationship Manager Banking 1,967,000 THB
Bank Relationship Officer Banking 864,900 THB
Bank Teller Banking 437,900 THB
Banker Banking 918,500 THB
Banking Business Analyst Banking 1,333,900 THB
Banking Business Development Officer Banking 794,900 THB
Banking Business Planning Executive Banking 1,882,700 THB
Banking Product Manager Banking 1,570,900 THB
Banking Reference Data Manager Banking 1,500,800 THB
Banking Risk Analyst Banking 1,306,100 THB
Banking Technical Analyst Banking 683,800 THB
Bankruptcy Coordinator Banking 946,000 THB
Bill and Account Collector Banking 466,900 THB
Budget Analyst Banking 1,345,400 THB
Capital Risk Manager Banking 2,557,100 THB
Cards Marketing Manager Banking 1,594,500 THB
Cash Management Manager Banking 2,254,400 THB
Check Processing Manager Banking 1,693,600 THB
Commercial Vault Associate Banking 1,235,600 THB
Corporate Banker Banking 931,700 THB
Corporate Dealer Banking 1,428,800 THB
Credit Analyst Banking 1,064,100 THB
Credit and Collections Manager Banking 1,693,600 THB
Credit Card Fraud Investigator Banking 1,320,500 THB
Credit Portfolio Manager Banking 2,485,800 THB
Credit Risk Analyst Banking 1,428,800 THB
Credit Risk Associate Banking 1,391,600 THB
Direct Bank Sales Representative Banking 919,700 THB
Exchange Control Consultant Banking 1,357,900 THB
Executive Account Analyst Banking 1,345,400 THB
Financial Bank Planning Consultant Banking 1,751,700 THB
Financial Banking Analysis Manager Banking 1,967,000 THB
Financial Banking Assistant Banking 648,200 THB
Financial Banking Systems Manager Banking 1,870,400 THB
Foreign Exchange Manager Banking 1,835,700 THB
Fraud Analyst Banking 1,428,800 THB
Fraud Detection Associate Banking 926,000 THB
Fraud Detection Manager Banking 2,100,900 THB
Fraud Detection Supervisor Banking 1,134,800 THB
Internal Bank Audit Manager Banking 2,435,600 THB
Internal Bank Auditor Banking 1,320,500 THB
Internal Private Banker Banking 956,200 THB
International Banking Manager Banking 2,557,100 THB
Investment Banking Analyst Banking 1,870,400 THB
Loan Analyst Banking 1,320,500 THB
Loan Area Manager Banking 1,606,100 THB
Loan Audit Team Leader Banking 1,500,800 THB
Loan Branch Manager Banking 1,510,400 THB
Loan Business Development Officer Banking 824,800 THB
Loan Clerk Banking 442,300 THB
Loan Collection and Recovery Manager Banking 1,547,500 THB
Loan Collection Manager Banking 1,524,300 THB
Loan Collector Banking 426,700 THB
Loan Examiner Banking 581,300 THB
Loan Officer Banking 492,400 THB
Loan Processing Manager Banking 1,450,700 THB
Loan Processor Banking 615,700 THB
Loan Quality Assurance Auditor Banking 1,273,300 THB
Loan Quality Assurance Manager Banking 1,440,700 THB
Loan Quality Assurance Representative Banking 971,200 THB
Loan Review Manager Banking 1,487,200 THB
Loan Team Leader Banking 1,345,400 THB
Loans Manager Banking 1,703,200 THB
Mortgage Advisor Banking 943,800 THB
Mortgage Collection Manager Banking 1,606,100 THB
Mortgage Collector Banking 414,000 THB
Mortgage Credit Analyst Banking 681,500 THB
Mortgage Credit Manager Banking 1,450,700 THB
Mortgage Development Manager Banking 1,693,600 THB
Mortgage Document Reviewer Banking 585,900 THB
Mortgage Funding Manager Banking 1,765,300 THB
Mortgage Operations Manager Banking 2,304,300 THB
Mortgage Payment Processing Clerk Banking 516,100 THB
Mortgage Processor Banking 572,200 THB
Mortgage Quality Assurance Auditor Banking 1,357,900 THB
Mortgage Quality Assurance Manager Banking 1,417,600 THB
Mortgage Servicing Clerk Banking 448,500 THB
Mortgage Servicing Manager Banking 1,440,700 THB
Mortgage Underwriter Banking 539,800 THB
Online Banking Manager Banking 2,207,600 THB
Payment Processing Clerk Banking 457,300 THB
Personal Banker Banking 979,300 THB
Personal Banking Advisor Banking 954,900 THB
Phone Banker Banking 642,800 THB
Private Banker Banking 946,800 THB
Reconciliation and Investigation Specialist Banking 1,043,700 THB
Tax Officer Banking 767,000 THB
Teller Banking 466,900 THB
Trade Officer Banking 551,200 THB
Trade Product Manager Banking 1,606,100 THB
Trader Banking 615,300 THB
Treasury Operations Officer Banking 1,122,500 THB

Salary Comparison by City

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

City Average Salary
Bangkok (Krung Thep) 1,668,900 THB
Chiang Mai 1,537,500 THB

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