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Mortgage Advisor Average Salary in Bulgaria 2023

How much money does a person working as Mortgage Advisor make in Bulgaria?

Average Monthly Salary
2,620 BGN
( 31,400 BGN yearly)

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 Advisor in Bulgaria typically earns around 2,620 BGN. Salaries range from 1,280 BGN (lowest) to 4,080 BGN (highest).

Salary Variance

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

Mortgage Advisor Pay Scale and Salaries in Bulgaria

Median and salary distribution Bulgaria Mortgage Advisor monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
2,430 BGN or more
10% of people earn
2,140 to 2,430 BGN
20% of people earn
1,520 BGN or less
65% of people earn
1,520 to 2,140 BGN
Minimum Salary
1,280 BGN
2,440 BGN
4,080 BGN

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 Advisor in Bulgaria range from 1,280 BGN (starting salary) to 4,080 BGN (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 2,440 BGN, half of the professionals who work as Mortgage Advisor in Bulgaria 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 Advisor in Bulgaria earn less than 2,000 BGN, while 75% earn more. Similarly, the chart shows that 75% earn less than 2,790 BGN 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 Advisor in Bulgaria compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,520 BGN to 2,140 BGN. About 20% of salaries are below the 1,520 BGN mark, while 10% fall within the range of 2,140 BGN to 2,430 BGN. Only 5% of individuals have salaries exceeding 2,430 BGN.

Salary Comparison by Years of Experience / Mortgage Advisor / Bulgaria

How do experience and age affect pay?

0 - 2 Years
1,520 BGN
2 - 5 Years+29%
1,950 BGN
5 - 10 Years+38%
2,700 BGN
10 - 15 Years+24%
3,340 BGN
15 - 20 Years+7%
3,580 BGN
20+ Years+7%
3,820 BGN
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Bulgaria Mortgage Advisor
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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 Advisor 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 1,520 BGN.

While someone with an experience level between two and five years is expected to earn 1,950 BGN, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 2,700 BGN, 38% 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 3,340 BGN, 24% 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 3,580 BGN, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 3,820 BGN, 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 Advisor / Bulgaria

How do education levels affect salaries?

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

Certificate or Diploma
1,950 BGN
Bachelor's Degree+34%
2,630 BGN
Master's Degree+53%
4,030 BGN
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Bulgaria Mortgage Advisor
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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 Advisor in order to make a comparison.

Level 1: Certificate or Diploma

Employees at this education level have an average salary of 1,950 BGN.

Level 2: Bachelor's Degree

At this level, the average salary becomes 2,630 BGN, 34% more than the previous level.

Level 3: Master's Degree

At this level, the average salary becomes 4,030 BGN, 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 Bulgaria costs anywhere from 16,600 BGN to 49,700 BGN 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 Advisor / Bulgaria

Salary comparison by gender Bulgaria Mortgage Advisor 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 Advisor in Bulgaria, the average difference between the salary of male and female employees is 6%.

2,690 BGN
2,530 BGN
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bulgaria for all Careers

Salary comparison by gender monthly Bulgaria
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Average Annual Salary Increment Percentage / Mortgage Advisor / Bulgaria

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

Individuals working as Mortgage Advisor in Bulgaria are likely to observe a salary increase of approximately 10% every 19 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.

Annual Salary Increment Rate Bulgaria Mortgage Advisor
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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.

Bulgaria / All Professions

Annual Salary Increment Rate Bulgaria
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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 Bulgaria is 4%.

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 Advisor / Bulgaria

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bulgaria Mortgage Advisor
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22% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 78% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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 Advisor / Bulgaria

15 BGN per hour

The average hourly wage (pay per hour) for individuals working as Mortgage Advisor in Bulgaria is 15 BGN.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 Advisor in Bulgaria is 7 BGN. 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
AML Analyst4,910 BGN+88%
Assistant Bank Branch Manager4,330 BGN+66%
Assistant Bank Manager5,720 BGN+120%
ATM Manager4,990 BGN+91%
ATM Service Technician1,290 BGN-51%
Bank Accounts Analyst1,900 BGN-27%
Bank Accounts Collector1,170 BGN-55%
Bank Accounts Controller2,470 BGN-6%
Bank Accounts Executive3,780 BGN+44%
Bank Accounts Manager4,100 BGN+57%
Bank Auditing Manager4,290 BGN+64%
Bank Branch Manager5,710 BGN+120%
Bank Branch Operations Coordinator2,700 BGN+3%
Bank Clerk1,130 BGN-57%
Bank Client Service Associate1,560 BGN-40%
Bank Collector1,220 BGN-53%
Bank Compliance Specialist3,200 BGN+22%
Bank Manager7,190 BGN+170%
Bank Operational Risk Manager6,690 BGN+160%
Bank Operations Head6,870 BGN+160%
Bank Operations Officer2,870 BGN+10%
Bank Operations Specialist4,200 BGN+61%
Bank Process Manager3,810 BGN+46%
Bank Product Manager 4,520 BGN+73%
Bank Programme Manager4,720 BGN+80%
Bank Project Manager5,510 BGN+110%
Bank Propositions Manager5,070 BGN+94%
Bank Quantitative Analyst3,390 BGN+30%
Bank Regional Manager7,610 BGN+190%
Bank Regional Risk Officer3,880 BGN+48%
Bank Relationship Manager5,220 BGN+100%
Bank Relationship Officer2,430 BGN-7%
Bank Sustainability Analyst4,300 BGN+64%
Bank Teller1,270 BGN-51%
Banker2,490 BGN-5%
Banking Business Analyst3,720 BGN+42%
Banking Business Development Officer2,260 BGN-14%
Banking Business Planning Executive5,150 BGN+97%
Banking Data Analyst4,130 BGN+58%
Banking Product Manager4,380 BGN+67%
Banking Reference Data Manager4,080 BGN+56%
Banking Regulatory Compliance Officer4,380 BGN+67%
Banking Risk Analyst3,740 BGN+43%
Banking Technical Analyst2,020 BGN-23%
Bankruptcy Coordinator2,580 BGN-1%
Bill and Account Collector1,350 BGN-48%
Blockchain Analyst3,260 BGN+25%
Blockchain Architect3,540 BGN+35%
Blockchain Auditor3,240 BGN+24%
Blockchain Compliance Analyst3,460 BGN+32%
Blockchain Consultant3,390 BGN+30%
Blockchain Trade Facilitator3,130 BGN+20%
Budget Analyst3,690 BGN+41%
Capital Risk Manager6,780 BGN+160%
Cards Marketing Manager4,480 BGN+71%
Cash Management Manager6,530 BGN+150%
Check Processing Manager4,980 BGN+90%
Chief Blockchain Officer4,220 BGN+61%
Commercial Vault Associate3,740 BGN+43%
Corporate Banker2,690 BGN+3%
Corporate Dealer3,720 BGN+42%
Credit Analyst2,990 BGN+14%
Credit and Collections Manager4,860 BGN+86%
Credit Card Fraud Investigator3,850 BGN+47%
Credit Portfolio Manager6,590 BGN+150%
Credit Risk Analyst4,240 BGN+62%
Credit Risk Associate3,910 BGN+49%
Cryptocurrency Accountant2,240 BGN-14%
Cryptocurrency Adviser4,490 BGN+72%
Cryptocurrency Analyst3,480 BGN+33%
Cryptocurrency Compliance Manager4,040 BGN+54%
Cryptocurrency Trader3,740 BGN+43%
Digital Banking Manager5,170 BGN+98%
Digital Currency Analyst3,660 BGN+40%
Direct Bank Sales Representative2,720 BGN+4%
Exchange Control Consultant3,780 BGN+44%
Executive Account Analyst3,740 BGN+43%
Financial Bank Planning Consultant4,930 BGN+88%
Financial Banking Analysis Manager5,470 BGN+110%
Financial Banking Assistant1,830 BGN-30%
Financial Banking Systems Manager4,900 BGN+87%
Foreign Exchange Manager5,410 BGN+110%
Fraud Analyst3,880 BGN+48%
Fraud Detection Associate2,770 BGN+6%
Fraud Detection Manager5,850 BGN+120%
Fraud Detection Supervisor3,130 BGN+20%
Internal Bank Audit Manager6,970 BGN+170%
Internal Bank Auditor3,470 BGN+33%
Internal Private Banker2,570 BGN-2%
International Banking Manager7,580 BGN+190%
Investment Banking Analyst5,550 BGN+110%
Loan Analyst3,500 BGN+34%
Loan Area Manager4,590 BGN+75%
Loan Audit Team Leader4,300 BGN+64%
Loan Branch Manager3,980 BGN+52%
Loan Business Development Officer2,220 BGN-15%
Loan Clerk1,340 BGN-49%
Loan Collection and Recovery Manager4,380 BGN+67%
Loan Collection Manager4,240 BGN+62%
Loan Collector1,240 BGN-53%
Loan Examiner1,540 BGN-41%
Loan Officer1,370 BGN-48%
Loan Processing Manager3,930 BGN+50%
Loan Processor1,700 BGN-35%
Loan Quality Assurance Auditor3,560 BGN+36%
Loan Quality Assurance Manager4,100 BGN+57%
Loan Quality Assurance Representative2,820 BGN+8%
Loan Review Manager3,980 BGN+52%
Loan Team Leader3,680 BGN+41%
Loans Manager4,770 BGN+82%
Mortgage Advisor2,620 BGN+0%
Mortgage Collection Manager4,120 BGN+57%
Mortgage Collector1,190 BGN-55%
Mortgage Credit Analyst2,000 BGN-24%
Mortgage Credit Manager3,930 BGN+50%
Mortgage Development Manager4,660 BGN+78%
Mortgage Document Reviewer1,640 BGN-37%
Mortgage Funding Manager4,550 BGN+74%
Mortgage Operations Manager6,490 BGN+150%
Mortgage Payment Processing Clerk1,340 BGN-49%
Mortgage Processing Manager4,160 BGN+59%
Mortgage Processor1,690 BGN-35%
Mortgage Quality Assurance Auditor3,580 BGN+37%
Mortgage Quality Assurance Manager4,240 BGN+62%
Mortgage Servicing Clerk1,220 BGN-53%
Mortgage Servicing Manager4,010 BGN+53%
Mortgage Underwriter1,480 BGN-43%
Online Banking Manager6,650 BGN+150%
Open Banking Strategist3,840 BGN+47%
Payment Processing Clerk1,270 BGN-51%
Personal Banker2,670 BGN+2%
Personal Banking Advisor 2,830 BGN+8%
Phone Banker1,840 BGN-30%
Private Banker2,670 BGN+2%
Reconciliation and Investigation Specialist2,860 BGN+9%
Tax Officer2,140 BGN-18%
Teller1,260 BGN-52%
Trade Officer1,430 BGN-45%
Trade Product Manager4,250 BGN+62%
Trader1,840 BGN-30%
Treasury Operations Officer3,200 BGN+22%
Wealth Management Advisor5,200 BGN+99%

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 Bulgaria is 9% on average across all career fields.

Private Sector
3,140 BGN
Public Sector+9%
3,440 BGN
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 Advisor in Bulgaria?

A good and competitive compensation would range anywhere between 2,440 BGN and 2,790 BGN. 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 Advisor in Bulgaria ranges from 1,280 BGN to 2,000 BGN. 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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