How much money does a person working in Banking make in Ireland?
4,305 EUR per month
Average Monthly Salary
A person working in Banking in Ireland typically earns around 4,305 EUR per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different Banking jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Salaries for specific jobs
|Banking Operations Department Manager||7,917 EUR|
|Business Analyst||4,839 EUR|
|Credit Analyst||4,167 EUR|
|Financial Analysis Manager||3,333 EUR|
|Financial Assistant||5,667 EUR|
|Loan Processing Manager||2,600 EUR|
|Loan Processor||1,989 EUR|
|Loan Team Leader||5,000 EUR|
|Mortgage Collector||3,583 EUR|
|Mortgage Operations Manager||5,000 EUR|
|Regional Manager||4,000 EUR|
|Relationship Manager||2,500 EUR|
Banking Jobs Salary Distribution in Ireland
25% of people earn
50% of people earn
75% of people earn
Abount These Figures: Salary Range, Median and Percentiles
The Banking salaries in Ireland range between 1,989 EUR per month (minimum salary) to 7,917 EUR per month (maximum salary).
The median salary is 4,083 EUR per month, which means that half (50%) of people working in Banking are earning less than 4,083 EUR while the other half are earning more than 4,083 EUR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Banking are earning less than 3,333 EUR while 75% of them are earning more than 3,333 EUR. Also from the diagram, 75% of people working in Banking are earning less than 5,667 EUR while 25% are earning more than 5,667 EUR.
What is the difference between the median and the average salary? What should you be looking at?
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary
Banking Salary Forecast and Trend in Ireland
How do Banking salaries change over time? Listed below is a chart that shows the average salary in recent years.
|Average Salary 2016|| = |
|Average Salary 2017|| +3% |
|Average Salary 2018|| +1% |
|Average Salary 2019|| +2% |
Percentage increase and decrease are relative to the previous value
Banking salaries in Ireland are rising in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.
Banking Hourly Average Wage in Ireland
22 EUR per hour
Average Hourly Wage
The average hourly wage (pay per hour) in Ireland for Banking is 22 EUR. This means that the average person in Ireland earns approximatly 22 EUR for every worked hour.
Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )
The hourly wage is the salary paid in one working hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix 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 annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.
Salary Comparison of Banking Jobs in Ireland
We compared Ireland salaries for Banking and All Jobs and we found that Banking salaries are 21% more than those of All Jobs.
Salary Comparison By City