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Mortgage Underwriter Average Salary in Syria 2024

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


Average Monthly Salary
72,600 SYP
( 871,000 SYP yearly)

LOW
36,300
SYP
AVERAGE
72,600
SYP
HIGH
113,000
SYP
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 Syria typically earns around 72,600 SYP. Salaries range from 36,300 SYP (lowest) to 113,000 SYP (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Mortgage Underwriter salaries in Syria 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 Syria

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

5% of people earn
66,800 SYP or more
10% of people earn
59,200 to 66,800 SYP
20% of people earn
42,400 SYP or less
65% of people earn
42,400 to 59,200 SYP
Minimum Salary
36,300 SYP
Median
67,100 SYP
Maximum
113,000 SYP




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 Syria range from 36,300 SYP (starting salary) to 113,000 SYP (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 67,100 SYP, half of the professionals who work as Mortgage Underwriter in Syria 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 Syria earn less than 55,200 SYP, while 75% earn more. Similarly, the chart shows that 75% earn less than 76,600 SYP 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 Syria compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 42,400 SYP to 59,200 SYP. About 20% of salaries are below the 42,400 SYP mark, while 10% fall within the range of 59,200 SYP to 66,800 SYP. Only 5% of individuals have salaries exceeding 66,800 SYP.

Salary Comparison by Years of Experience / Mortgage Underwriter / Syria

How do experience and age affect pay?

0 - 2 Years
43,500 SYP
2 - 5 Years+32%
57,600 SYP
5 - 10 Years+34%
77,100 SYP
10 - 15 Years+19%
91,900 SYP
15 - 20 Years+8%
99,200 SYP
20+ Years+7%
106,000 SYP
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Syria 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 43,500 SYP.

While someone with an experience level between two and five years is expected to earn 57,600 SYP, 32% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 77,100 SYP, 34% 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 91,900 SYP, 19% 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 99,200 SYP, 8% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 106,000 SYP, 7% 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 / Syria

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
62,200 SYP
Master's Degree+58%
98,000 SYP
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Syria 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 62,200 SYP.


Level 2: Master's Degree

At this level, the average salary becomes 98,000 SYP, 58% 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 Syria costs anywhere from 745,000 SYP to 2,240,000 SYP 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 / Syria

Salary comparison by gender Syria 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 Syria, the average difference between the salary of male and female employees is 7%.

Male
74,800 SYP
Female-7%
69,700 SYP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Syria for all Careers

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

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

Individuals working as Mortgage Underwriter in Syria are likely to observe a salary increase of approximately 7% every 27 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Syria 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.

Syria / All Professions

Annual Salary Increment Rate Syria
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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 Syria is 2%.

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 / Syria

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Syria Mortgage Underwriter
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64% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 36% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
36%
No Bonus
64%

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 / Syria


420 SYP per hour

The average hourly wage (pay per hour) for individuals working as Mortgage Underwriter in Syria is 420 SYP.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 Syria is 210 SYP. 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 Analyst225,000 SYP+210%
Assistant Bank Branch Manager208,000 SYP+190%
Assistant Bank Manager257,000 SYP+250%
ATM Manager219,000 SYP+200%
ATM Service Technician61,100 SYP-16%
Bank Accounts Analyst85,900 SYP+18%
Bank Accounts Collector56,600 SYP-22%
Bank Accounts Controller118,000 SYP+63%
Bank Accounts Executive177,000 SYP+140%
Bank Accounts Manager188,000 SYP+160%
Bank Auditing Manager199,000 SYP+170%
Bank Branch Manager281,000 SYP+290%
Bank Branch Operations Coordinator127,000 SYP+75%
Bank Clerk52,600 SYP-28%
Bank Client Service Associate76,200 SYP+5%
Bank Collector53,700 SYP-26%
Bank Compliance Specialist146,000 SYP+100%
Bank Manager325,000 SYP+350%
Bank Operational Risk Manager326,000 SYP+350%
Bank Operations Head325,000 SYP+350%
Bank Operations Officer130,000 SYP+79%
Bank Operations Specialist205,000 SYP+180%
Bank Process Manager174,000 SYP+140%
Bank Product Manager 209,000 SYP+190%
Bank Programme Manager227,000 SYP+210%
Bank Project Manager266,000 SYP+270%
Bank Propositions Manager225,000 SYP+210%
Bank Quantitative Analyst166,000 SYP+130%
Bank Regional Manager341,000 SYP+370%
Bank Regional Risk Officer173,000 SYP+140%
Bank Relationship Manager252,000 SYP+250%
Bank Relationship Officer114,000 SYP+57%
Bank Sustainability Analyst192,000 SYP+160%
Bank Teller55,900 SYP-23%
Banker111,000 SYP+53%
Banking Business Analyst171,000 SYP+140%
Banking Business Development Officer102,000 SYP+41%
Banking Business Planning Executive232,000 SYP+220%
Banking Data Analyst199,000 SYP+170%
Banking Product Manager214,000 SYP+190%
Banking Reference Data Manager179,000 SYP+150%
Banking Regulatory Compliance Officer207,000 SYP+190%
Banking Risk Analyst163,000 SYP+120%
Banking Technical Analyst90,800 SYP+25%
Bankruptcy Coordinator123,000 SYP+69%
Bill and Account Collector58,600 SYP-19%
Blockchain Analyst146,000 SYP+100%
Blockchain Architect171,000 SYP+140%
Blockchain Auditor154,000 SYP+110%
Blockchain Compliance Analyst160,000 SYP+120%
Blockchain Consultant154,000 SYP+110%
Blockchain Trade Facilitator141,000 SYP+94%
Budget Analyst173,000 SYP+140%
Capital Risk Manager328,000 SYP+350%
Cards Marketing Manager203,000 SYP+180%
Cash Management Manager287,000 SYP+300%
Check Processing Manager215,000 SYP+200%
Chief Blockchain Officer185,000 SYP+150%
Commercial Vault Associate162,000 SYP+120%
Corporate Banker118,000 SYP+63%
Corporate Dealer174,000 SYP+140%
Credit Analyst133,000 SYP+83%
Credit and Collections Manager234,000 SYP+220%
Credit Card Fraud Investigator181,000 SYP+150%
Credit Portfolio Manager301,000 SYP+310%
Credit Risk Analyst184,000 SYP+150%
Credit Risk Associate174,000 SYP+140%
Cryptocurrency Accountant109,000 SYP+50%
Cryptocurrency Adviser215,000 SYP+200%
Cryptocurrency Analyst162,000 SYP+120%
Cryptocurrency Compliance Manager185,000 SYP+150%
Cryptocurrency Trader167,000 SYP+130%
Digital Banking Manager223,000 SYP+210%
Digital Currency Analyst172,000 SYP+140%
Direct Bank Sales Representative125,000 SYP+72%
Exchange Control Consultant177,000 SYP+140%
Executive Account Analyst168,000 SYP+130%
Financial Bank Planning Consultant220,000 SYP+200%
Financial Banking Analysis Manager241,000 SYP+230%
Financial Banking Assistant79,100 SYP+9%
Financial Banking Systems Manager228,000 SYP+210%
Foreign Exchange Manager247,000 SYP+240%
Fraud Analyst173,000 SYP+140%
Fraud Detection Associate124,000 SYP+71%
Fraud Detection Manager273,000 SYP+280%
Fraud Detection Supervisor151,000 SYP+110%
Internal Bank Audit Manager322,000 SYP+340%
Internal Bank Auditor157,000 SYP+120%
Internal Private Banker117,000 SYP+61%
International Banking Manager335,000 SYP+360%
Investment Banking Analyst256,000 SYP+250%
Loan Analyst165,000 SYP+130%
Loan Area Manager200,000 SYP+180%
Loan Audit Team Leader187,000 SYP+160%
Loan Branch Manager187,000 SYP+160%
Loan Business Development Officer102,000 SYP+41%
Loan Clerk60,400 SYP-17%
Loan Collection and Recovery Manager209,000 SYP+190%
Loan Collection Manager207,000 SYP+190%
Loan Collector57,600 SYP-21%
Loan Examiner70,200 SYP-3%
Loan Officer63,900 SYP-12%
Loan Processing Manager175,000 SYP+140%
Loan Processor74,100 SYP+2%
Loan Quality Assurance Auditor168,000 SYP+130%
Loan Quality Assurance Manager189,000 SYP+160%
Loan Quality Assurance Representative128,000 SYP+76%
Loan Review Manager195,000 SYP+170%
Loan Team Leader176,000 SYP+140%
Loans Manager216,000 SYP+200%
Mortgage Advisor122,000 SYP+68%
Mortgage Collection Manager189,000 SYP+160%
Mortgage Collector53,200 SYP-27%
Mortgage Credit Analyst87,500 SYP+21%
Mortgage Credit Manager186,000 SYP+160%
Mortgage Development Manager216,000 SYP+200%
Mortgage Document Reviewer74,200 SYP+2%
Mortgage Funding Manager223,000 SYP+210%
Mortgage Operations Manager285,000 SYP+290%
Mortgage Payment Processing Clerk63,400 SYP-13%
Mortgage Processing Manager199,000 SYP+170%
Mortgage Processor79,000 SYP+9%
Mortgage Quality Assurance Auditor166,000 SYP+130%
Mortgage Quality Assurance Manager192,000 SYP+160%
Mortgage Servicing Clerk55,800 SYP-23%
Mortgage Servicing Manager179,000 SYP+150%
Mortgage Underwriter72,600 SYP+0%
Online Banking Manager288,000 SYP+300%
Open Banking Strategist181,000 SYP+150%
Payment Processing Clerk59,300 SYP-18%
Personal Banker122,000 SYP+68%
Personal Banking Advisor 130,000 SYP+79%
Phone Banker84,800 SYP+17%
Private Banker122,000 SYP+68%
Reconciliation and Investigation Specialist140,000 SYP+93%
Tax Officer97,000 SYP+34%
Teller59,600 SYP-18%
Trade Officer68,000 SYP-6%
Trade Product Manager197,000 SYP+170%
Trader83,400 SYP+15%
Treasury Operations Officer144,000 SYP+98%
Wealth Management Advisor252,000 SYP+250%

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 Syria is 21% on average across all career fields.

Private Sector
136,000 SYP
Public Sector+21%
164,000 SYP
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 Syria?

A good and competitive compensation would range anywhere between 67,100 SYP and 76,600 SYP. 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 Syria ranges from 36,300 SYP to 55,200 SYP. 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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