Mortgage Servicing Clerk Average Salary in Baku 2024
How much money does a person working as Mortgage Servicing Clerk make in Baku?
LOW
670
AZN AVERAGE
1,260
AZN HIGH
1,920
AZN
A person working as Mortgage Servicing Clerk in Baku typically earns around 1,260 AZN. Salaries range from 670 AZN (lowest) to 1,920 AZN (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Mortgage Servicing Clerk salaries in Baku vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Mortgage Servicing Clerk Pay Scale and Salaries in Baku
Salary Structure and Pay Scale Comparison
1,130 AZN or more
1,010 to 1,130 AZN
750 AZN or less
750 to 1,010 AZN
 670 AZN |
1,140 AZN |
1,920 AZN |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Mortgage Servicing Clerk in Baku range from 670 AZN (starting salary) to 1,920 AZN (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 1,140 AZN, half of the professionals who work as Mortgage Servicing Clerk in Baku 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 Servicing Clerk in Baku earn less than 950 AZN, while 75% earn more. Similarly, the chart shows that 75% earn less than 1,290 AZN 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 Servicing Clerk in Baku compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 750 AZN to 1,010 AZN. About 20% of salaries are below the 750 AZN mark, while 10% fall within the range of 1,010 AZN to 1,130 AZN. Only 5% of individuals have salaries exceeding 1,130 AZN.
Salary Comparison by Years of Experience / Mortgage Servicing Clerk / Baku
How do experience and age affect pay?
| 0 - 2 Years | 770 AZN | |
| 2 - 5 Years | +23% | 940 AZN |
| 5 - 10 Years | +42% | 1,340 AZN |
| 10 - 15 Years | +17% | 1,560 AZN |
| 15 - 20 Years | +10% | 1,720 AZN |
| 20+ Years | +6% | 1,820 AZN |
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 Servicing Clerk and this is what we found.
Employees with less than two years of experience earn approximately 770 AZN.
While someone with an experience level between two and five years is expected to earn 940 AZN, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 1,340 AZN, 42% 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 1,560 AZN, 17% 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 1,720 AZN, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 1,820 AZN, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Mortgage Servicing Clerk / Baku
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Mortgage Servicing Clerk.
| Certificate or Diploma | 1,020 AZN | |
| Bachelor's Degree | +47% | 1,490 AZN |
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 Servicing Clerk in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 1,020 AZN.
Level 2: Bachelor's Degree
At this level, the average salary becomes 1,490 AZN, 47% more than the previous level.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Mortgage Servicing Clerk / Baku
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 Servicing Clerk in Azerbaijan, the average difference between the salary of male and female employees is nan%.
| Male | 0 AZN | |
| Female | 0 AZN |
Salary Comparison By Gender in Azerbaijan for all Careers
Average Annual Salary Increment Percentage / Mortgage Servicing Clerk / Baku
How much are annual salary increments in Baku for individuals working as Mortgage Servicing Clerk? How often do employees get salary raises?
Individuals working as Mortgage Servicing Clerk in Azerbaijan are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.
Azerbaijan / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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 Servicing Clerk / Azerbaijan
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/azerbaijan/banking/mortgage-servicing-clerk/annual-salary-bonus-rate-azerbaijan-mortgage-servicing-clerk.jpg
100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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: | Example: |
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.
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 Servicing Clerk / Baku
7 AZN per hourThe average hourly wage (pay per hour) for individuals working as Mortgage Servicing Clerk in Baku is 7 AZN.This is the rate they get paid for every worked hour.
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 Servicing Clerk in Baku is 4 AZN. 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 Title | Average Salary |
| Banking |  -100% | |
| AML Analyst | 4,990 AZN |  +300% |
| Assistant Bank Branch Manager | 4,540 AZN | +260% |
| Assistant Bank Manager | 5,680 AZN | +350% |
| ATM Manager | 4,840 AZN | +280% |
| ATM Service Technician | 1,350 AZN | +7% |
| Bank Accounts Analyst | 1,960 AZN | +56% |
| Bank Accounts Collector | 1,170 AZN | -7% |
| Bank Accounts Controller | 2,380 AZN | +89% |
| Bank Accounts Executive | 3,560 AZN | +180% |
| Bank Accounts Manager | 4,170 AZN | +230% |
| Bank Auditing Manager | 4,370 AZN | +250% |
| Bank Branch Manager | 6,140 AZN | +390% |
| Bank Branch Operations Coordinator | 2,550 AZN | +100% |
| Bank Clerk | 1,130 AZN | -10% |
| Bank Client Service Associate | 1,560 AZN | +24% |
| Bank Collector | 1,190 AZN | -6% |
| Bank Compliance Specialist | 3,140 AZN | +150% |
| Bank Manager | 6,800 AZN | +440% |
| Bank Operational Risk Manager | 6,950 AZN | +450% |
| Bank Operations Head | 6,820 AZN | +440% |
| Bank Operations Officer | 2,670 AZN | +110% |
| Bank Operations Specialist | 4,290 AZN | +240% |
| Bank Process Manager | 4,130 AZN | +230% |
| Bank Product Manager | 4,380 AZN | +250% |
| Bank Programme Manager | 4,960 AZN | +290% |
| Bank Project Manager | 5,510 AZN | +340% |
| Bank Propositions Manager | 5,010 AZN | +300% |
| Bank Quantitative Analyst | 3,410 AZN | +170% |
| Bank Regional Manager | 7,060 AZN | +460% |
| Bank Regional Risk Officer | 3,720 AZN | +200% |
| Bank Relationship Manager | 5,220 AZN | +310% |
| Bank Relationship Officer | 2,410 AZN | +91% |
| Bank Sustainability Analyst | 4,060 AZN | +220% |
| Bank Teller | 1,210 AZN | -4% |
| Banker | 2,590 AZN | +110% |
| Banking Business Analyst | 3,720 AZN | +200% |
| Banking Business Development Officer | 2,210 AZN | +75% |
| Banking Business Planning Executive | 5,460 AZN | +330% |
| Banking Data Analyst | 4,200 AZN | +230% |
| Banking Product Manager | 4,550 AZN | +260% |
| Banking Reference Data Manager | 3,950 AZN | +210% |
| Banking Regulatory Compliance Officer | 4,350 AZN | +250% |
| Banking Risk Analyst | 3,490 AZN | +180% |
| Banking Technical Analyst | 2,010 AZN | +60% |
| Bankruptcy Coordinator | 2,570 AZN | +100% |
| Bill and Account Collector | 1,330 AZN | +6% |
| Blockchain Analyst | 3,280 AZN | +160% |
| Blockchain Architect | 3,480 AZN | +180% |
| Blockchain Auditor | 3,110 AZN | +150% |
| Blockchain Compliance Analyst | 3,250 AZN | +160% |
| Blockchain Consultant | 3,430 AZN | +170% |
| Blockchain Trade Facilitator | 3,110 AZN | +150% |
| Budget Analyst | 3,780 AZN | +200% |
| Capital Risk Manager | 6,780 AZN | +440% |
| Cards Marketing Manager | 4,610 AZN | +270% |
| Cash Management Manager | 6,220 AZN | +390% |
| Check Processing Manager | 4,640 AZN | +270% |
| Chief Blockchain Officer | 4,220 AZN | +230% |
| Commercial Vault Associate | 3,730 AZN | +200% |
| Corporate Banker | 2,570 AZN | +100% |
| Corporate Dealer | 3,680 AZN | +190% |
| Credit Analyst | 2,860 AZN | +130% |
| Credit and Collections Manager | 5,020 AZN | +300% |
| Credit Card Fraud Investigator | 3,880 AZN | +210% |
| Credit Portfolio Manager | 7,030 AZN | +460% |
| Credit Risk Analyst | 4,030 AZN | +220% |
| Credit Risk Associate | 3,740 AZN | +200% |
| Cryptocurrency Accountant | 2,290 AZN | +82% |
| Cryptocurrency Adviser | 4,480 AZN | +260% |
| Cryptocurrency Analyst | 3,390 AZN | +170% |
| Cryptocurrency Compliance Manager | 4,240 AZN | +240% |
| Cryptocurrency Trader | 3,830 AZN | +200% |
| Digital Banking Manager | 4,740 AZN | +280% |
| Digital Currency Analyst | 3,630 AZN | +190% |
| Direct Bank Sales Representative | 2,680 AZN | +110% |
| Exchange Control Consultant | 4,060 AZN | +220% |
| Executive Account Analyst | 3,770 AZN | +200% |
| Financial Bank Planning Consultant | 4,720 AZN | +270% |
| Financial Banking Analysis Manager | 5,670 AZN | +350% |
| Financial Banking Assistant | 1,680 AZN | +33% |
| Financial Banking Systems Manager | 4,840 AZN | +280% |
| Foreign Exchange Manager | 5,220 AZN | +310% |
| Fraud Analyst | 4,040 AZN | +220% |
| Fraud Detection Associate | 2,610 AZN | +110% |
| Fraud Detection Manager | 5,690 AZN | +350% |
| Fraud Detection Supervisor | 3,180 AZN | +150% |
| Internal Bank Audit Manager | 6,760 AZN | +440% |
| Internal Bank Auditor | 3,630 AZN | +190% |
| Internal Private Banker | 2,610 AZN | +110% |
| International Banking Manager | 7,730 AZN | +510% |
| Investment Banking Analyst | 5,470 AZN | +330% |
| Loan Analyst | 3,530 AZN | +180% |
| Loan Area Manager | 4,290 AZN | +240% |
| Loan Audit Team Leader | 4,010 AZN | +220% |
| Loan Branch Manager | 4,010 AZN | +220% |
| Loan Business Development Officer | 2,180 AZN | +73% |
| Loan Clerk | 1,290 AZN | +2% |
| Loan Collection and Recovery Manager | 4,440 AZN | +250% |
| Loan Collection Manager | 4,400 AZN | +250% |
| Loan Collector | 1,220 AZN | -3% |
| Loan Examiner | 1,640 AZN | +30% |
| Loan Officer | 1,470 AZN | +17% |
| Loan Processing Manager | 4,090 AZN | +220% |
| Loan Processor | 1,720 AZN | +37% |
| Loan Quality Assurance Auditor | 3,540 AZN | +180% |
| Loan Quality Assurance Manager | 3,970 AZN | +220% |
| Loan Quality Assurance Representative | 2,670 AZN | +110% |
| Loan Review Manager | 4,070 AZN | +220% |
| Loan Team Leader | 3,670 AZN | +190% |
| Loans Manager | 4,910 AZN | +290% |
| Mortgage Advisor | 2,550 AZN | +100% |
| Mortgage Collection Manager | 4,330 AZN | +240% |
| Mortgage Collector | 1,220 AZN | -3% |
| Mortgage Credit Analyst | 2,000 AZN | +59% |
| Mortgage Credit Manager | 4,240 AZN | +240% |
| Mortgage Development Manager | 4,900 AZN | +290% |
| Mortgage Document Reviewer | 1,520 AZN | +21% |
| Mortgage Funding Manager | 4,570 AZN | +260% |
| Mortgage Operations Manager | 6,390 AZN | +410% |
| Mortgage Payment Processing Clerk | 1,420 AZN | +13% |
| Mortgage Processing Manager | 4,080 AZN | +220% |
| Mortgage Processor | 1,620 AZN | +29% |
| Mortgage Quality Assurance Auditor | 3,710 AZN | +190% |
| Mortgage Quality Assurance Manager | 4,290 AZN | +240% |
| Mortgage Servicing Clerk | 1,260 AZN | = |
| Mortgage Servicing Manager | 4,040 AZN | +220% |
| Mortgage Underwriter | 1,620 AZN | +29% |
| Online Banking Manager | 6,630 AZN | +430% |
| Open Banking Strategist | 3,810 AZN | +200% |
| Payment Processing Clerk | 1,360 AZN | +8% |
| Personal Banker | 2,750 AZN | +120% |
| Personal Banking Advisor | 2,790 AZN | +120% |
| Phone Banker | 1,780 AZN | +41% |
| Private Banker | 2,540 AZN | +100% |
| Reconciliation and Investigation Specialist | 3,130 AZN | +150% |
| Tax Officer | 2,210 AZN | +75% |
| Teller | 1,230 AZN | -2% |
| Trade Officer | 1,520 AZN | +21% |
| Trade Product Manager | 4,410 AZN | +250% |
| Trader | 1,860 AZN | +48% |
| Treasury Operations Officer | 3,120 AZN | +150% |
| Wealth Management Advisor | 5,120 AZN | +310% |
Salary Comparison By City
| City | Average Salary |
| Baku | 1,260 AZN |
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 Azerbaijan is 10% on average across all career fields.
| Private Sector | 2,800 AZN | |
| Public Sector | +10% | 3,070 AZN |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Mortgage Servicing Clerk in Baku?
A good and competitive compensation would range anywhere between 1,140 AZN and 1,290 AZN. 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 Servicing Clerk in Baku ranges from 670 AZN to 950 AZN. 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
