Average Mortgage Servicing Manager Salary in Turkey for 2024

In this article, we will look at the average Mortgage Servicing Manager salary for 2024 in Turkey 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 Turkish lira. To keep things simple, we are using the TRY currency code instead of the currency symbol โ‚บ.

How Much Does a Mortgage Servicing Manager Make in Turkey?

A Mortgage Servicing Manager working in Turkey will typically earn around 114,000 TRY per year, and this can range from the lowest average salary of about 56,460 TRY to the highest average salary of 181,600 TRY.

Average Annual Salary
114,000 TRY
Average Monthly Salary
9,500 TRY

Lowest Annual Salary
56,460 TRY
Lowest Monthly Salary
4,705 TRY

Highest Annual Salary
181,600 TRY
Highest Monthly Salary
15,133 TRY

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

Mortgage Servicing 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 Servicing Manager Salaries in Turkey

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

Salary ranges

We already know that a Mortgage Servicing Manager can earn between 56,460 TRY and 181,600 TRY on average in Turkey. 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 Servicing Manager in Turkey is 118,800 TRY. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 118,800 TRY, and 50% of the population earn more than 118,800 TRY.

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 Servicing Manager salary in Turkey, 25% of the population are earning less than 78,620 TRY while 75% of the population earn more than 78,620 TRY.

75% of the population earn less than 152,000 TRY, and 25% of the population earn more than 152,000 TRY.

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 Servicing Manager Salary by Experience Level in Turkey

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 servicing 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 Servicing Manager in Turkey that has less than two years of experience can expect to earn somewhere in the region of 65,920 TRY.
  • 2 - 5 Years Experience. With two to five years of experience the average Mortgage Servicing Manager salary would increase to 87,520 TRY.
  • 5 - 10 Years Experience. From five to ten years of experience as a Mortgage Servicing Manager, the average salary would be 117,600 TRY.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 148,300 TRY.
  • 15 - 20 Years Experience. A Mortgage Servicing Manager with 15 to 20 years of experience can earn an average of 159,100 TRY.
  • 20+ Years Experience. For a Mortgage Servicing Manager with more than 20 years, the expected average salary increases to 169,000 TRY.

Average Salary by Experience Chart

0-2 Years
65,920 TRY
2-5 Years +29%
87,520 TRY
5-10 Years +38%
117,600 TRY
10-15 Years +24%
148,300 TRY
15-20 Years +7%
159,100 TRY
20+ Years +7%
169,000 TRY

Mortgage Servicing Manager Salary by Education Level in Turkey

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 Servicing Manager in Turkey 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 Servicing Manager in Turkey with a bachelor's degree education can earn an average salary of 83,300 TRY.

  • Master's Degree. A Mortgage Servicing Manager in Turkey with a master's degree education can earn an average salary of 136,100 TRY.

Average Salary by Education Chart

Bachelor's Degree
83,300 TRY
Master's Degree +60%
136,100 TRY

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 Turkey is around 39,200 to 117,000 TRY 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 Servicing 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 Turkey, a male mortgage servicing manager will earn an average of 119,700 TRY, while a female mortgage servicing manager will earn around 106,820 TRY.

This means that a male mortgage servicing manager earns approximately 12% more than a female mortgage servicing manager for performing the same job.

Average Salary by Gender Chart in Turkey

Male
119,700 TRY
Female -12%
106,820 TRY

Mortgage Servicing Manager Average Pay Raise in Turkey

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 Servicing Manager in Turkey is around 12% every 17 months.

The national average pay raise across all professions and industries in Turkey is around 8% every 18 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 ÷ 17 ) × 12  = 8%

What this means is that a Mortgage Servicing Manager in Turkey can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Turkey for 2024

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

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

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Mortgage Servicing Manager Bonus and Incentive Rates in Turkey

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 Servicing Manager is a high bonus based job, with 81% of employees reporting at least one bonus in the last 12 months.

19% 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
81%
No Bonus
19%

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

Public Sector
95,420 TRY
Private Sector -6%
89,960 TRY

Salaries for Jobs Similar to a Mortgage Servicing Manager

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

Job Title Category Salary
AML Analyst Banking 143,200 TRY
Assistant Bank Branch Manager Banking 125,700 TRY
Assistant Bank Manager Banking 163,800 TRY
ATM Manager Banking 142,300 TRY
ATM Service Technician Banking 38,340 TRY
Bank Accounts Analyst Banking 57,620 TRY
Bank Accounts Collector Banking 32,420 TRY
Bank Accounts Controller Banking 74,620 TRY
Bank Accounts Executive Banking 111,920 TRY
Bank Accounts Manager Banking 117,440 TRY
Bank Auditing Manager Banking 128,900 TRY
Bank Branch Manager Banking 172,200 TRY
Bank Branch Operations Coordinator Banking 80,920 TRY
Bank Clerk Banking 35,300 TRY
Bank Client Service Associate Banking 45,580 TRY
Bank Collector Banking 33,980 TRY
Bank Compliance Specialist Banking 86,740 TRY
Bank Manager Banking 201,100 TRY
Bank Operational Risk Manager Banking 207,800 TRY
Bank Operations Head Banking 195,200 TRY
Bank Operations Officer Banking 80,580 TRY
Bank Operations Specialist Banking 129,000 TRY
Bank Process Manager Banking 115,260 TRY
Bank Product Manager Banking 129,000 TRY
Bank Programme Manager Banking 138,200 TRY
Bank Project Manager Banking 159,100 TRY
Bank Propositions Manager Banking 152,000 TRY
Bank Quantitative Analyst Banking 102,160 TRY
Bank Regional Manager Banking 200,000 TRY
Bank Regional Risk Officer Banking 103,440 TRY
Bank Relationship Manager Banking 151,800 TRY
Bank Relationship Officer Banking 67,800 TRY
Bank Teller Banking 36,160 TRY
Banker Banking 71,280 TRY
Banking Business Analyst Banking 106,360 TRY
Banking Business Development Officer Banking 66,020 TRY
Banking Business Planning Executive Banking 146,200 TRY
Banking Product Manager Banking 136,200 TRY
Banking Reference Data Manager Banking 116,960 TRY
Banking Risk Analyst Banking 110,120 TRY
Banking Technical Analyst Banking 57,360 TRY
Bankruptcy Coordinator Banking 79,600 TRY
Bill and Account Collector Banking 36,020 TRY
Budget Analyst Banking 109,000 TRY
Capital Risk Manager Banking 196,800 TRY
Cards Marketing Manager Banking 139,100 TRY
Cash Management Manager Banking 183,700 TRY
Check Processing Manager Banking 139,100 TRY
Commercial Vault Associate Banking 104,040 TRY
Corporate Banker Banking 73,820 TRY
Corporate Dealer Banking 112,560 TRY
Credit Analyst Banking 78,260 TRY
Credit and Collections Manager Banking 142,300 TRY
Credit Card Fraud Investigator Banking 111,920 TRY
Credit Portfolio Manager Banking 196,800 TRY
Credit Risk Analyst Banking 112,760 TRY
Credit Risk Associate Banking 116,180 TRY
Direct Bank Sales Representative Banking 79,360 TRY
Exchange Control Consultant Banking 113,220 TRY
Executive Account Analyst Banking 108,320 TRY
Financial Bank Planning Consultant Banking 130,400 TRY
Financial Banking Analysis Manager Banking 152,000 TRY
Financial Banking Assistant Banking 49,020 TRY
Financial Banking Systems Manager Banking 148,300 TRY
Foreign Exchange Manager Banking 159,500 TRY
Fraud Analyst Banking 114,900 TRY
Fraud Detection Associate Banking 73,880 TRY
Fraud Detection Manager Banking 159,100 TRY
Fraud Detection Supervisor Banking 89,340 TRY
Internal Bank Audit Manager Banking 197,600 TRY
Internal Bank Auditor Banking 107,380 TRY
Internal Private Banker Banking 78,160 TRY
International Banking Manager Banking 209,700 TRY
Investment Banking Analyst Banking 159,100 TRY
Loan Analyst Banking 100,140 TRY
Loan Area Manager Banking 136,100 TRY
Loan Audit Team Leader Banking 127,700 TRY
Loan Branch Manager Banking 113,560 TRY
Loan Business Development Officer Banking 61,760 TRY
Loan Clerk Banking 36,700 TRY
Loan Collection and Recovery Manager Banking 119,900 TRY
Loan Collection Manager Banking 128,900 TRY
Loan Collector Banking 35,500 TRY
Loan Examiner Banking 47,540 TRY
Loan Officer Banking 41,900 TRY
Loan Processing Manager Banking 116,540 TRY
Loan Processor Banking 49,300 TRY
Loan Quality Assurance Auditor Banking 104,040 TRY
Loan Quality Assurance Manager Banking 115,260 TRY
Loan Quality Assurance Representative Banking 78,480 TRY
Loan Review Manager Banking 123,400 TRY
Loan Team Leader Banking 109,340 TRY
Loans Manager Banking 148,300 TRY
Mortgage Advisor Banking 72,180 TRY
Mortgage Collection Manager Banking 119,900 TRY
Mortgage Collector Banking 33,980 TRY
Mortgage Credit Analyst Banking 57,800 TRY
Mortgage Credit Manager Banking 125,100 TRY
Mortgage Development Manager Banking 128,900 TRY
Mortgage Document Reviewer Banking 44,780 TRY
Mortgage Funding Manager Banking 139,100 TRY
Mortgage Operations Manager Banking 187,500 TRY
Mortgage Payment Processing Clerk Banking 41,560 TRY
Mortgage Processing Manager Banking 124,400 TRY
Mortgage Processor Banking 46,840 TRY
Mortgage Quality Assurance Auditor Banking 99,340 TRY
Mortgage Quality Assurance Manager Banking 117,660 TRY
Mortgage Servicing Clerk Banking 35,340 TRY
Mortgage Underwriter Banking 44,720 TRY
Online Banking Manager Banking 183,600 TRY
Payment Processing Clerk Banking 36,020 TRY
Personal Banker Banking 79,600 TRY
Personal Banking Advisor Banking 80,060 TRY
Phone Banker Banking 50,180 TRY
Private Banker Banking 78,940 TRY
Reconciliation and Investigation Specialist Banking 84,580 TRY
Tax Officer Banking 67,560 TRY
Teller Banking 34,380 TRY
Trade Officer Banking 42,960 TRY
Trade Product Manager Banking 116,740 TRY
Trader Banking 50,340 TRY
Treasury Operations Officer Banking 89,340 TRY

Salary Comparison by City

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

City Average Salary
Ankara 119,900 TRY
Antalya 109,740 TRY
Istanbul 134,600 TRY
Izmir 113,740 TRY

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