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Banking Average Salaries in Ireland 2024

How much money does a person working in Banking make in Ireland?


Average Yearly Salary
42,100 EUR
( 3,510 EUR monthly)

LOW
13,200
EUR
AVERAGE
42,100
EUR
HIGH
85,900
EUR
All salary figures displayed here are per year 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 in Banking in Ireland typically earns around 42,100 EUR. Salaries range from 13,200 EUR (lowest average) to 85,900 EUR (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Banking domain in Ireland exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Banking
AML Analyst62,700 EUR
Assistant Bank Branch Manager55,000 EUR
Assistant Bank Manager70,800 EUR
ATM Manager60,100 EUR
ATM Service Technician16,600 EUR
Bank Accounts Analyst22,500 EUR
Bank Accounts Collector13,700 EUR
Bank Accounts Controller30,200 EUR
Bank Accounts Executive45,000 EUR
Bank Accounts Manager52,300 EUR
Bank Auditing Manager53,800 EUR
Bank Branch Manager74,700 EUR
Bank Branch Operations Coordinator32,100 EUR
Bank Clerk13,300 EUR
Bank Client Service Associate18,800 EUR
Bank Collector14,700 EUR
Bank Compliance Specialist36,700 EUR
Bank Manager86,200 EUR
Bank Operational Risk Manager82,900 EUR
Bank Operations Head87,300 EUR
Bank Operations Officer32,300 EUR
Bank Operations Specialist54,100 EUR
Bank Process Manager46,000 EUR
Bank Product Manager 55,800 EUR
Bank Programme Manager60,000 EUR
Bank Project Manager64,400 EUR
Bank Propositions Manager60,700 EUR
Bank Quantitative Analyst41,100 EUR
Bank Regional Manager91,600 EUR
Bank Regional Risk Officer43,200 EUR
Bank Relationship Manager61,000 EUR
Bank Relationship Officer29,300 EUR
Bank Sustainability Analyst49,900 EUR
Bank Teller14,400 EUR
Banker30,300 EUR
Banking Business Analyst44,700 EUR
Banking Business Development Officer26,300 EUR
Banking Business Planning Executive62,400 EUR
Banking Data Analyst51,400 EUR
Banking Product Manager54,300 EUR
Banking Reference Data Manager49,100 EUR
Banking Regulatory Compliance Officer53,000 EUR
Banking Risk Analyst42,500 EUR
Banking Technical Analyst23,800 EUR
Bankruptcy Coordinator32,300 EUR
Bill and Account Collector15,100 EUR
Blockchain Analyst36,900 EUR
Blockchain Architect43,100 EUR
Blockchain Auditor38,300 EUR
Blockchain Compliance Analyst39,700 EUR
Blockchain Consultant41,800 EUR
Blockchain Trade Facilitator36,900 EUR
Budget Analyst45,500 EUR
Capital Risk Manager79,200 EUR
Cards Marketing Manager53,100 EUR
Cash Management Manager73,900 EUR
Check Processing Manager54,800 EUR
Chief Blockchain Officer46,900 EUR
Commercial Vault Associate44,500 EUR
Corporate Banker30,500 EUR
Corporate Dealer45,700 EUR
Credit Analyst33,300 EUR
Credit and Collections Manager58,100 EUR
Credit Card Fraud Investigator44,700 EUR
Credit Portfolio Manager82,700 EUR
Credit Risk Analyst51,300 EUR
Credit Risk Associate45,800 EUR
Cryptocurrency Accountant28,800 EUR
Cryptocurrency Adviser56,100 EUR
Cryptocurrency Analyst42,200 EUR
Cryptocurrency Compliance Manager52,600 EUR
Cryptocurrency Trader47,300 EUR
Digital Banking Manager59,200 EUR
Digital Currency Analyst44,200 EUR
Direct Bank Sales Representative30,800 EUR
Exchange Control Consultant48,300 EUR
Executive Account Analyst42,400 EUR
Financial Bank Planning Consultant54,900 EUR
Financial Banking Analysis Manager64,400 EUR
Financial Banking Assistant21,000 EUR
Financial Banking Systems Manager60,100 EUR
Foreign Exchange Manager64,600 EUR
Fraud Analyst47,300 EUR
Fraud Detection Associate32,100 EUR
Fraud Detection Manager71,000 EUR
Fraud Detection Supervisor38,900 EUR
Internal Bank Audit Manager81,900 EUR
Internal Bank Auditor43,700 EUR
Internal Private Banker31,700 EUR
International Banking Manager92,700 EUR
Investment Banking Analyst62,700 EUR
Loan Analyst42,700 EUR
Loan Area Manager52,200 EUR
Loan Audit Team Leader48,900 EUR
Loan Branch Manager48,600 EUR
Loan Business Development Officer26,300 EUR
Loan Clerk15,400 EUR
Loan Collection and Recovery Manager52,700 EUR
Loan Collection Manager52,500 EUR
Loan Collector14,400 EUR
Loan Examiner19,300 EUR
Loan Officer17,400 EUR
Loan Processing Manager47,900 EUR
Loan Processor20,100 EUR
Loan Quality Assurance Auditor45,300 EUR
Loan Quality Assurance Manager50,600 EUR
Loan Quality Assurance Representative33,900 EUR
Loan Review Manager51,300 EUR
Loan Team Leader46,000 EUR
Loans Manager56,600 EUR
Mortgage Advisor31,800 EUR
Mortgage Collection Manager53,800 EUR
Mortgage Collector15,100 EUR
Mortgage Credit Analyst22,200 EUR
Mortgage Credit Manager46,900 EUR
Mortgage Development Manager54,000 EUR
Mortgage Document Reviewer18,500 EUR
Mortgage Funding Manager55,100 EUR
Mortgage Operations Manager75,100 EUR
Mortgage Payment Processing Clerk16,600 EUR
Mortgage Processing Manager48,900 EUR
Mortgage Processor19,300 EUR
Mortgage Quality Assurance Auditor43,200 EUR
Mortgage Quality Assurance Manager49,700 EUR
Mortgage Servicing Clerk15,000 EUR
Mortgage Servicing Manager47,700 EUR
Mortgage Underwriter18,600 EUR
Online Banking Manager79,100 EUR
Open Banking Strategist46,400 EUR
Payment Processing Clerk16,200 EUR
Personal Banker31,100 EUR
Personal Banking Advisor 31,900 EUR
Phone Banker21,600 EUR
Private Banker33,100 EUR
Reconciliation and Investigation Specialist36,100 EUR
Tax Officer25,400 EUR
Teller14,300 EUR
Trade Officer17,800 EUR
Trade Product Manager51,300 EUR
Trader21,600 EUR
Treasury Operations Officer37,200 EUR
Wealth Management Advisor63,300 EUR


Banking Jobs Pay Scale and Salaries in Ireland

Median and salary distribution Ireland Banking yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
41,000 EUR or more
10% of people earn
33,900 to 41,000 EUR
20% of people earn
18,400 EUR or less
65% of people earn
18,400 to 33,900 EUR
Minimum Salary
13,200 EUR
Median
36,600 EUR
Maximum
85,900 EUR




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

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

    Salaries in Banking in Ireland range from 13,200 EUR (starting average salary) to 85,900 EUR (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Banking is 36,600 EUR, implying that half of the workforce in Ireland earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Banking in Ireland earn less than 27,400 EUR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 45,100 EUR, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Banking in Ireland. The analysis revealed that roughly 65% of all reported salaries fell within the range of 18,400 EUR to 33,900 EUR. Approximately 20% of salaries were below the 18,400 EUR mark, while 10% ranged from 33,900 EUR to 41,000 EUR. Only 5% of individuals earned a gross salary of 41,000 EUR or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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.

Generally speaking, employees in Banking in Ireland having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
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.


Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?

We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Banking in Ireland, below are our findings.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


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 Ireland costs anywhere from 16,100 EUR to 48,300 EUR and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Banking / Ireland

Salary comparison by gender Ireland Banking yearly
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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? In the field of Banking in Ireland, the average difference between the salary of male and female employees is 5%.

Male
43,100 EUR
Female-5%
40,900 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Ireland for all Careers

Salary comparison by gender yearly Ireland
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Average Annual Salary Increment Percentage / Banking / Ireland

How much are annual salary increments in Ireland for individuals working in Banking? How often do employees get salary raises?

Professionals working in Banking in Ireland are likely to observe a salary increase of approximately 11% every 14 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate Ireland Banking
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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.

Ireland / All Professions

Annual Salary Increment Rate Ireland
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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 Ireland is 7%.

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 / Banking / Ireland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Ireland Banking
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25% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 75% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
75%
No Bonus
25%

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.

Hourly Average Wage / Banking / Ireland


20 EUR per hour

The average hourly wage (pay per hour) in Banking in Ireland is 20 EUR.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 in Banking in Ireland is 6 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Cork47,200 EUR
Dublin49,400 EUR
Galway42,700 EUR
Limerick45,500 EUR
Waterford40,600 EUR

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 Ireland is 5% on average across all career fields.

Private Sector
37,700 EUR
Public Sector+5%
39,400 EUR
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 in Banking in Ireland?

A good and competitive compensation would range anywhere between 36,600 EUR and 45,100 EUR. 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 jobs in Banking in Ireland ranges from 13,200 EUR to 27,400 EUR. 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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