Mortgage Trader salary in Nigeria

Average Yearly Salary of Mortgage Trader in Nigeria is approximately 6,365,003 NGN (7,598 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Mortgage Trader do?

A mortgage trader is a professional who specializes in buying and selling mortgage-backed securities (MBS) on behalf of financial institutions or investors. They analyze market trends, assess risks, and make informed decisions to maximize profits. Mortgage traders work closely with brokers, investment bankers, and clients to execute trades and ensure liquidity in the mortgage market. Their primary responsibilities include monitoring market conditions, conducting research on potential investments, executing trades, managing portfolios, and analyzing financial data. They must stay updated on industry regulations, economic indicators, and government policies that could impact the mortgage market. Effective communication skills are crucial for building relationships with clients and negotiating deals.

Skills: Mortgage trader, Mortgage-backed securities, Financial markets, Risk management, Investment analysis, Portfolio management
Job industry: Finance

How much does Mortgage Trader make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Mortgage Trader a well paid job?

Yes, our data shows that Mortgage Trader is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Mortgage Trader?

High salary for Mortgage Trader would be somewhere between 7,001,503 NGN and 9,229,254 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Mortgage Trader in Nigeria?

Living in Nigeria the approximate monthly expenses are: 206 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 6,365,003 NGN
Estimated Monthly Salary: 530,417 NGN
Estimated Weekly Salary: 122,404 NGN per week
Estimated Hourly Salary: 3,060 NGN per hour
By working as Mortgage Trader a person can save up to 428 USD per month or 5,131 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Nigeria, see costs of living in Nigeria.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Niger, Chad, Cameroon, Benin.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Mortgage Trader

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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