Average Mortgage Underwriter Salary in Malta for 2024

In this article, we will look at the average Mortgage Underwriter salary for 2024 in Malta 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 Underwriter Make in Malta?

A Mortgage Underwriter working in Malta will typically earn around 25,940 EUR per year, and this can range from the lowest average salary of about 13,900 EUR to the highest average salary of 36,700 EUR.

Average Annual Salary
25,940 EUR
Average Monthly Salary
2,161 EUR

Lowest Annual Salary
13,900 EUR
Lowest Monthly Salary
1,158 EUR

Highest Annual Salary
36,700 EUR
Highest Monthly Salary
3,058 EUR

These are average salaries for a Mortgage Underwriter in Malta 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 Malta

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

Salary ranges

We already know that a Mortgage Underwriter can earn between 13,900 EUR and 36,700 EUR on average in Malta. 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 Underwriter in Malta is 23,500 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 23,500 EUR, and 50% of the population earn more than 23,500 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 Underwriter salary in Malta, 25% of the population are earning less than 17,540 EUR while 75% of the population earn more than 17,540 EUR.

75% of the population earn less than 27,480 EUR, and 25% of the population earn more than 27,480 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 Underwriter Salary by Experience Level in Malta

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 Malta that has less than two years of experience can expect to earn somewhere in the region of 17,020 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Mortgage Underwriter salary would increase to 20,300 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Mortgage Underwriter, the average salary would be 26,080 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 30,220 EUR.
  • 15 - 20 Years Experience. A Mortgage Underwriter with 15 to 20 years of experience can earn an average of 34,540 EUR.
  • 20+ Years Experience. For a Mortgage Underwriter with more than 20 years, the expected average salary increases to 36,160 EUR.

Average Salary by Experience Chart

0-2 Years
17,020 EUR
2-5 Years +23%
20,300 EUR
5-10 Years +42%
26,080 EUR
10-15 Years +17%
30,220 EUR
15-20 Years +10%
34,540 EUR
20+ Years +6%
36,160 EUR

Mortgage Underwriter Salary by Education Level in Malta

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 Malta 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 Malta with a bachelor's degree education can earn an average salary of 17,560 EUR.

  • Master's Degree. A Mortgage Underwriter in Malta with a master's degree education can earn an average salary of 31,520 EUR.

Average Salary by Education Chart

Bachelor's Degree
17,560 EUR
Master's Degree +94%
31,520 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 Malta is around 23,100 to 69,400 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 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 Malta, a male mortgage underwriter will earn an average of 24,860 EUR, while a female mortgage underwriter will earn around 23,480 EUR.

This means that a male mortgage underwriter earns approximately 6% more than a female mortgage underwriter for performing the same job.

Average Salary by Gender Chart in Malta

Male
24,860 EUR
Female -6%
23,480 EUR

Mortgage Underwriter Average Pay Raise in Malta

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 Malta is around 7% every 27 months.

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

Annual Pay Raise by Industry in Malta for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Mortgage Underwriter Bonus and Incentive Rates in Malta

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 33% of employees reporting at least one bonus in the last 12 months.

67% 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 3% to 5%.

Received Bonus
33%
No Bonus
67%

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 Malta earn approximately 7% more than private sector employees in the same role.

Public Sector
58,000 EUR
Private Sector -7%
54,180 EUR

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 Malta.

Job Title Category Salary
AML Analyst Banking 80,640 EUR
Assistant Bank Branch Manager Banking 73,820 EUR
Assistant Bank Manager Banking 95,420 EUR
ATM Manager Banking 85,080 EUR
ATM Service Technician Banking 20,000 EUR
Bank Accounts Analyst Banking 33,120 EUR
Bank Accounts Collector Banking 19,480 EUR
Bank Accounts Controller Banking 42,400 EUR
Bank Accounts Executive Banking 64,300 EUR
Bank Accounts Manager Banking 69,580 EUR
Bank Auditing Manager Banking 70,600 EUR
Bank Branch Manager Banking 94,380 EUR
Bank Branch Operations Coordinator Banking 43,760 EUR
Bank Clerk Banking 19,360 EUR
Bank Client Service Associate Banking 25,160 EUR
Bank Collector Banking 21,020 EUR
Bank Compliance Specialist Banking 54,460 EUR
Bank Manager Banking 119,900 EUR
Bank Operational Risk Manager Banking 111,240 EUR
Bank Operations Head Banking 116,540 EUR
Bank Operations Officer Banking 47,720 EUR
Bank Operations Specialist Banking 69,260 EUR
Bank Process Manager Banking 63,480 EUR
Bank Product Manager Banking 74,560 EUR
Bank Programme Manager Banking 80,920 EUR
Bank Project Manager Banking 91,520 EUR
Bank Propositions Manager Banking 84,800 EUR
Bank Quantitative Analyst Banking 57,080 EUR
Bank Regional Manager Banking 125,700 EUR
Bank Regional Risk Officer Banking 65,760 EUR
Bank Relationship Manager Banking 86,800 EUR
Bank Relationship Officer Banking 41,900 EUR
Bank Teller Banking 21,560 EUR
Banker Banking 41,560 EUR
Banking Business Analyst Banking 61,620 EUR
Banking Business Development Officer Banking 39,640 EUR
Banking Business Planning Executive Banking 87,000 EUR
Banking Product Manager Banking 74,060 EUR
Banking Reference Data Manager Banking 67,120 EUR
Banking Risk Analyst Banking 62,460 EUR
Banking Technical Analyst Banking 35,560 EUR
Bankruptcy Coordinator Banking 41,820 EUR
Bill and Account Collector Banking 21,980 EUR
Budget Analyst Banking 62,420 EUR
Capital Risk Manager Banking 112,180 EUR
Cards Marketing Manager Banking 74,940 EUR
Cash Management Manager Banking 107,880 EUR
Check Processing Manager Banking 85,460 EUR
Commercial Vault Associate Banking 62,460 EUR
Corporate Banker Banking 46,840 EUR
Corporate Dealer Banking 61,620 EUR
Credit Analyst Banking 49,560 EUR
Credit and Collections Manager Banking 82,200 EUR
Credit Card Fraud Investigator Banking 62,860 EUR
Credit Portfolio Manager Banking 111,860 EUR
Credit Risk Analyst Banking 72,780 EUR
Credit Risk Associate Banking 66,940 EUR
Direct Bank Sales Representative Banking 45,620 EUR
Exchange Control Consultant Banking 61,680 EUR
Executive Account Analyst Banking 61,580 EUR
Financial Bank Planning Consultant Banking 83,400 EUR
Financial Banking Analysis Manager Banking 90,620 EUR
Financial Banking Assistant Banking 30,220 EUR
Financial Banking Systems Manager Banking 80,500 EUR
Foreign Exchange Manager Banking 90,660 EUR
Fraud Analyst Banking 65,760 EUR
Fraud Detection Associate Banking 47,760 EUR
Fraud Detection Manager Banking 99,080 EUR
Fraud Detection Supervisor Banking 53,860 EUR
Internal Bank Audit Manager Banking 115,220 EUR
Internal Bank Auditor Banking 57,620 EUR
Internal Private Banker Banking 44,800 EUR
International Banking Manager Banking 125,700 EUR
Investment Banking Analyst Banking 91,840 EUR
Loan Analyst Banking 60,480 EUR
Loan Area Manager Banking 78,940 EUR
Loan Audit Team Leader Banking 72,420 EUR
Loan Branch Manager Banking 66,140 EUR
Loan Business Development Officer Banking 35,420 EUR
Loan Clerk Banking 22,540 EUR
Loan Collection and Recovery Manager Banking 73,880 EUR
Loan Collection Manager Banking 72,360 EUR
Loan Collector Banking 19,060 EUR
Loan Examiner Banking 24,200 EUR
Loan Officer Banking 22,420 EUR
Loan Processing Manager Banking 65,800 EUR
Loan Processor Banking 29,840 EUR
Loan Quality Assurance Auditor Banking 61,180 EUR
Loan Quality Assurance Manager Banking 69,580 EUR
Loan Quality Assurance Representative Banking 45,600 EUR
Loan Review Manager Banking 66,260 EUR
Loan Team Leader Banking 62,420 EUR
Loans Manager Banking 78,260 EUR
Mortgage Advisor Banking 43,520 EUR
Mortgage Collection Manager Banking 70,940 EUR
Mortgage Collector Banking 21,540 EUR
Mortgage Credit Analyst Banking 35,500 EUR
Mortgage Credit Manager Banking 65,800 EUR
Mortgage Development Manager Banking 77,340 EUR
Mortgage Document Reviewer Banking 28,180 EUR
Mortgage Funding Manager Banking 77,620 EUR
Mortgage Operations Manager Banking 108,080 EUR
Mortgage Payment Processing Clerk Banking 22,540 EUR
Mortgage Processing Manager Banking 69,540 EUR
Mortgage Processor Banking 28,720 EUR
Mortgage Quality Assurance Auditor Banking 58,720 EUR
Mortgage Quality Assurance Manager Banking 72,360 EUR
Mortgage Servicing Clerk Banking 21,020 EUR
Mortgage Servicing Manager Banking 65,920 EUR
Online Banking Manager Banking 112,420 EUR
Payment Processing Clerk Banking 21,560 EUR
Personal Banker Banking 42,960 EUR
Personal Banking Advisor Banking 45,720 EUR
Phone Banker Banking 31,940 EUR
Private Banker Banking 46,280 EUR
Reconciliation and Investigation Specialist Banking 47,720 EUR
Tax Officer Banking 35,000 EUR
Teller Banking 21,020 EUR
Trade Officer Banking 25,220 EUR
Trade Product Manager Banking 70,700 EUR
Trader Banking 31,940 EUR
Treasury Operations Officer Banking 54,140 EUR

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Mortgage Underwriter Salary in Malta for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-mortgage-underwriter-salary-in-malta/.

  • "Average Mortgage Underwriter Salary in Malta for 2024". World Salaries, https://worldsalaries.com/average-mortgage-underwriter-salary-in-malta/. Accessed 28 March, 2024

  • Average Mortgage Underwriter Salary in Malta for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-mortgage-underwriter-salary-in-malta/.