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Mortgage Underwriter Average Salary in Japan 2024

How much money does a person working as Mortgage Underwriter make in Japan?


Average Monthly Salary
240,000 JPY
( 2,870,000 JPY yearly)

LOW
129,000
JPY
AVERAGE
240,000
JPY
HIGH
362,000
JPY
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Mortgage Underwriter in Japan typically earns around 240,000 JPY. Salaries range from 129,000 JPY (lowest) to 362,000 JPY (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Mortgage Underwriter salaries in Japan vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Mortgage Underwriter Pay Scale and Salaries in Japan

Median and salary distribution Japan Mortgage Underwriter monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
213,000 JPY or more
10% of people earn
191,000 to 213,000 JPY
20% of people earn
142,000 JPY or less
65% of people earn
142,000 to 191,000 JPY
Minimum Salary
129,000 JPY
Median
214,000 JPY
Maximum
362,000 JPY




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Mortgage Underwriter in Japan range from 129,000 JPY (starting salary) to 362,000 JPY (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 214,000 JPY, half of the professionals who work as Mortgage Underwriter in Japan earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Mortgage Underwriter in Japan earn less than 179,000 JPY, while 75% earn more. Similarly, the chart shows that 75% earn less than 242,000 JPY while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Mortgage Underwriter in Japan compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 142,000 JPY to 191,000 JPY. About 20% of salaries are below the 142,000 JPY mark, while 10% fall within the range of 191,000 JPY to 213,000 JPY. Only 5% of individuals have salaries exceeding 213,000 JPY.

Salary Comparison by Years of Experience / Mortgage Underwriter / Japan

How do experience and age affect pay?

0 - 2 Years
150,000 JPY
2 - 5 Years+26%
190,000 JPY
5 - 10 Years+32%
250,000 JPY
10 - 15 Years+18%
294,000 JPY
15 - 20 Years+11%
326,000 JPY
20+ Years+6%
347,000 JPY
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Japan Mortgage Underwriter
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Mortgage Underwriter and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 150,000 JPY.

While someone with an experience level between two and five years is expected to earn 190,000 JPY, 26% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 250,000 JPY, 32% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 294,000 JPY, 18% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 326,000 JPY, 11% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 347,000 JPY, 6% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Mortgage Underwriter / Japan

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Mortgage Underwriter.

Bachelor's Degree
194,000 JPY
Master's Degree+53%
297,000 JPY
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Japan Mortgage Underwriter
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Mortgage Underwriter in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 194,000 JPY.


Level 2: Master's Degree

At this level, the average salary becomes 297,000 JPY, 53% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Japan costs anywhere from 2,580,000 JPY to 7,750,000 JPY and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Mortgage Underwriter / Japan

Salary comparison by gender Japan Mortgage Underwriter monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Mortgage Underwriter in Japan, the average difference between the salary of male and female employees is 5%.

Male
245,000 JPY
Female-5%
233,000 JPY
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Japan for all Careers

Salary comparison by gender monthly Japan
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Average Annual Salary Increment Percentage / Mortgage Underwriter / Japan

How much are annual salary increments in Japan for individuals working as Mortgage Underwriter? How often do employees get salary raises?

Individuals working as Mortgage Underwriter in Japan are likely to observe a salary increase of approximately 11% every 14 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate Japan Mortgage Underwriter
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Japan / All Professions

Annual Salary Increment Rate Japan
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Japan is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Mortgage Underwriter / Japan

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Japan Mortgage Underwriter
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48% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 52% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 4% to 5% of their annual salary.

Received Bonus
52%
No Bonus
48%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Mortgage Underwriter / Japan


1,380 JPY per hour

The average hourly wage (pay per hour) for individuals working as Mortgage Underwriter in Japan is 1,380 JPY.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Mortgage Underwriter in Japan is 750 JPY. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Banking-100%
AML Analyst813,000 JPY+240%
Assistant Bank Branch Manager729,000 JPY+200%
Assistant Bank Manager922,000 JPY+280%
ATM Manager785,000 JPY+230%
ATM Service Technician218,000 JPY-9%
Bank Accounts Analyst326,000 JPY+36%
Bank Accounts Collector197,000 JPY-18%
Bank Accounts Controller389,000 JPY+62%
Bank Accounts Executive581,000 JPY+140%
Bank Accounts Manager679,000 JPY+180%
Bank Auditing Manager706,000 JPY+190%
Bank Branch Manager988,000 JPY+310%
Bank Branch Operations Coordinator416,000 JPY+74%
Bank Clerk180,000 JPY-25%
Bank Client Service Associate261,000 JPY+9%
Bank Collector192,000 JPY-20%
Bank Compliance Specialist496,000 JPY+110%
Bank Manager1,160,000 JPY+380%
Bank Operational Risk Manager1,090,000 JPY+350%
Bank Operations Head1,170,000 JPY+390%
Bank Operations Officer446,000 JPY+86%
Bank Operations Specialist728,000 JPY+200%
Bank Process Manager654,000 JPY+170%
Bank Product Manager 747,000 JPY+210%
Bank Programme Manager796,000 JPY+230%
Bank Project Manager927,000 JPY+290%
Bank Propositions Manager821,000 JPY+240%
Bank Quantitative Analyst568,000 JPY+140%
Bank Regional Manager1,190,000 JPY+400%
Bank Regional Risk Officer587,000 JPY+150%
Bank Relationship Manager877,000 JPY+270%
Bank Relationship Officer372,000 JPY+55%
Bank Sustainability Analyst629,000 JPY+160%
Bank Teller193,000 JPY-19%
Banker402,000 JPY+68%
Banking Business Analyst595,000 JPY+150%
Banking Business Development Officer352,000 JPY+47%
Banking Business Planning Executive857,000 JPY+260%
Banking Data Analyst650,000 JPY+170%
Banking Product Manager711,000 JPY+200%
Banking Reference Data Manager641,000 JPY+170%
Banking Regulatory Compliance Officer672,000 JPY+180%
Banking Risk Analyst608,000 JPY+150%
Banking Technical Analyst326,000 JPY+36%
Bankruptcy Coordinator436,000 JPY+82%
Bill and Account Collector200,000 JPY-17%
Blockchain Analyst492,000 JPY+110%
Blockchain Architect575,000 JPY+140%
Blockchain Auditor513,000 JPY+110%
Blockchain Compliance Analyst534,000 JPY+120%
Blockchain Consultant563,000 JPY+140%
Blockchain Trade Facilitator505,000 JPY+110%
Budget Analyst605,000 JPY+150%
Capital Risk Manager1,140,000 JPY+380%
Cards Marketing Manager770,000 JPY+220%
Cash Management Manager991,000 JPY+310%
Check Processing Manager738,000 JPY+210%
Chief Blockchain Officer642,000 JPY+170%
Commercial Vault Associate572,000 JPY+140%
Corporate Banker409,000 JPY+71%
Corporate Dealer633,000 JPY+160%
Credit Analyst452,000 JPY+89%
Credit and Collections Manager791,000 JPY+230%
Credit Card Fraud Investigator610,000 JPY+150%
Credit Portfolio Manager1,090,000 JPY+350%
Credit Risk Analyst647,000 JPY+170%
Credit Risk Associate653,000 JPY+170%
Cryptocurrency Accountant388,000 JPY+62%
Cryptocurrency Adviser758,000 JPY+220%
Cryptocurrency Analyst517,000 JPY+120%
Cryptocurrency Compliance Manager647,000 JPY+170%
Cryptocurrency Trader584,000 JPY+140%
Digital Banking Manager817,000 JPY+240%
Digital Currency Analyst560,000 JPY+130%
Direct Bank Sales Representative421,000 JPY+76%
Exchange Control Consultant622,000 JPY+160%
Executive Account Analyst565,000 JPY+140%
Financial Bank Planning Consultant746,000 JPY+210%
Financial Banking Analysis Manager887,000 JPY+270%
Financial Banking Assistant290,000 JPY+21%
Financial Banking Systems Manager833,000 JPY+250%
Foreign Exchange Manager897,000 JPY+270%
Fraud Analyst627,000 JPY+160%
Fraud Detection Associate405,000 JPY+69%
Fraud Detection Manager870,000 JPY+260%
Fraud Detection Supervisor493,000 JPY+110%
Internal Bank Audit Manager1,040,000 JPY+330%
Internal Bank Auditor558,000 JPY+130%
Internal Private Banker428,000 JPY+79%
International Banking Manager1,190,000 JPY+400%
Investment Banking Analyst859,000 JPY+260%
Loan Analyst554,000 JPY+130%
Loan Area Manager747,000 JPY+210%
Loan Audit Team Leader699,000 JPY+190%
Loan Branch Manager631,000 JPY+160%
Loan Business Development Officer343,000 JPY+43%
Loan Clerk202,000 JPY-16%
Loan Collection and Recovery Manager693,000 JPY+190%
Loan Collection Manager688,000 JPY+190%
Loan Collector190,000 JPY-21%
Loan Examiner255,000 JPY+6%
Loan Officer225,000 JPY-6%
Loan Processing Manager635,000 JPY+170%
Loan Processor267,000 JPY+11%
Loan Quality Assurance Auditor605,000 JPY+150%
Loan Quality Assurance Manager677,000 JPY+180%
Loan Quality Assurance Representative455,000 JPY+90%
Loan Review Manager691,000 JPY+190%
Loan Team Leader621,000 JPY+160%
Loans Manager820,000 JPY+240%
Mortgage Advisor389,000 JPY+62%
Mortgage Collection Manager661,000 JPY+180%
Mortgage Collector186,000 JPY-22%
Mortgage Credit Analyst304,000 JPY+27%
Mortgage Credit Manager644,000 JPY+170%
Mortgage Development Manager744,000 JPY+210%
Mortgage Document Reviewer255,000 JPY+6%
Mortgage Funding Manager762,000 JPY+220%
Mortgage Operations Manager1,050,000 JPY+340%
Mortgage Payment Processing Clerk234,000 JPY-2%
Mortgage Processing Manager679,000 JPY+180%
Mortgage Processor268,000 JPY+12%
Mortgage Quality Assurance Auditor552,000 JPY+130%
Mortgage Quality Assurance Manager637,000 JPY+170%
Mortgage Servicing Clerk209,000 JPY-13%
Mortgage Servicing Manager668,000 JPY+180%
Mortgage Underwriter240,000 JPY+0%
Online Banking Manager1,020,000 JPY+330%
Open Banking Strategist589,000 JPY+150%
Payment Processing Clerk209,000 JPY-13%
Personal Banker413,000 JPY+72%
Personal Banking Advisor 438,000 JPY+83%
Phone Banker275,000 JPY+15%
Private Banker429,000 JPY+79%
Reconciliation and Investigation Specialist464,000 JPY+94%
Tax Officer368,000 JPY+54%
Teller206,000 JPY-14%
Trade Officer251,000 JPY+5%
Trade Product Manager655,000 JPY+170%
Trader276,000 JPY+15%
Treasury Operations Officer498,000 JPY+110%
Wealth Management Advisor846,000 JPY+250%

Salary Comparison By City

CityAverage Salary
Tokyo277,000 JPY

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Japan is 4% on average across all career fields.

Private Sector
506,000 JPY
Public Sector+4%
527,000 JPY
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Mortgage Underwriter in Japan?

A good and competitive compensation would range anywhere between 214,000 JPY and 242,000 JPY. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Mortgage Underwriter in Japan ranges from 129,000 JPY to 179,000 JPY. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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