Average Mortgage Underwriter Salary in Jalalabad, Afghanistan for 2023
In this article, we will look at the average Mortgage Underwriter salary for 2023 in Jalalabad 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 Afghan afghani. To keep things simple, we are using the AFN currency code instead of the currency symbol ؋.
How Much Does a Mortgage Underwriter Make in Jalalabad?
A Mortgage Underwriter working in Jalalabad will typically earn around 440,200 AFN per year, and this can range from the lowest average salary of about 215,100 AFN to the highest average salary of 688,900 AFN.
These are average salaries for a Mortgage Underwriter in Jalalabad and include benefits such as housing and transport. It's also possible for a Mortgage Underwriter to earn more or less than the average salaries shown above.
Mortgage Underwriter 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 Underwriter Salaries in Jalalabad
So we've looked at the average salaries a Mortgage Underwriter will earn in Jalalabad. The next interesting data point is the distribution of salaries.
We already know that a Mortgage Underwriter can earn between 215,100 AFN and 688,900 AFN on average in Jalalabad. 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.
The median salary for a Mortgage Underwriter in Jalalabad is 451,000 AFN. This is the middle value in the distribution of salaries.
What this means is that approximately 50% of the population earn less than 451,000 AFN, and 50% of the population earn more than 451,000 AFN.
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 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 Underwriter salary in Jalalabad, 25% of the population are earning less than 301,800 AFN while 75% of the population earn more than 301,800 AFN.
75% of the population earn less than 580,600 AFN, and 25% of the population earn more than 580,600 AFN.
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 Underwriter Salary by Experience Level in Jalalabad
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 underwriter 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 Underwriter in Jalalabad that has less than two years of experience can expect to earn somewhere in the region of 258,400 AFN.
- 2 - 5 Years Experience. With two to five years of experience the average Mortgage Underwriter salary would increase to 330,700 AFN.
- 5 - 10 Years Experience. From five to ten years of experience as a Mortgage Underwriter, the average salary would be 455,400 AFN.
- 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 563,000 AFN.
- 15 - 20 Years Experience. A Mortgage Underwriter with 15 to 20 years of experience can earn an average of 603,400 AFN.
- 20+ Years Experience. For a Mortgage Underwriter with more than 20 years, the expected average salary increases to 642,800 AFN.
Average Salary by Experience Chart
Mortgage Underwriter Salary by Education Level in Jalalabad
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 Underwriter in Jalalabad 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 Underwriter in Jalalabad with a bachelor's degree education can earn an average salary of 319,600 AFN.
Master's Degree. A Mortgage Underwriter in Jalalabad with a master's degree education can earn an average salary of 514,300 AFN.
Average Salary by Education Chart
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 Afghanistan is around 389,000 to 1,170,000 AFN 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 Underwriter 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 Jalalabad, a male mortgage underwriter will earn an average of 513,300 AFN, while a female mortgage underwriter will earn around 436,200 AFN.
This means that a male mortgage underwriter earns approximately 18% more than a female mortgage underwriter for performing the same job.
Average Salary by Gender Chart in Jalalabad
Mortgage Underwriter Average Pay Raise in Jalalabad
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 Underwriter in Jalalabad is around 7% every 27 months.
The national average pay raise across all professions and industries in Afghanistan 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 Underwriter in Jalalabad can expect to receive an average pay raise of around 3% every 12 months.
Annual Pay Raise by Industry in Jalalabad for 2023
In the chart below, you can see the average annual pay raise percentages for each of the major industries in Afghanistan.
You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.
Mortgage Underwriter Bonus and Incentive Rates in Jalalabad
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 Underwriter is a low bonus based job, with 39% of employees reporting at least one bonus in the last 12 months.
61% 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 2% to 7%.
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 Afghanistan earn approximately 11% more than private sector employees in the same role.
Salaries for Jobs Similar to a Mortgage Underwriter
In the table below, we have salary information for jobs that are similar to a Mortgage Underwriter in Jalalabad.
Salary Comparison by City
If you want to compare salaries with different cities in Afghanistan, you can use the links below to explore the data for each specific city we have researched.
|Mazari Sharif||426,700 AFN|
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