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Commercial Vault Associate Average Salary in Italy 2024

How much money does a person working as Commercial Vault Associate make in Italy?


Average Monthly Salary
3,890 EUR
( 46,700 EUR yearly)

LOW
2,020
EUR
AVERAGE
3,890
EUR
HIGH
5,950
EUR
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 Commercial Vault Associate in Italy typically earns around 3,890 EUR. Salaries range from 2,020 EUR (lowest) to 5,950 EUR (highest).


Salary Variance

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



Commercial Vault Associate Pay Scale and Salaries in Italy

Median and salary distribution Italy Commercial Vault Associate monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
3,520 EUR or more
10% of people earn
3,140 to 3,520 EUR
20% of people earn
2,290 EUR or less
65% of people earn
2,290 to 3,140 EUR
Minimum Salary
2,020 EUR
Median
3,540 EUR
Maximum
5,950 EUR




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 Commercial Vault Associate in Italy range from 2,020 EUR (starting salary) to 5,950 EUR (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 3,540 EUR, half of the professionals who work as Commercial Vault Associate in Italy 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 Commercial Vault Associate in Italy earn less than 2,930 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 4,020 EUR 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 Commercial Vault Associate in Italy compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,290 EUR to 3,140 EUR. About 20% of salaries are below the 2,290 EUR mark, while 10% fall within the range of 3,140 EUR to 3,520 EUR. Only 5% of individuals have salaries exceeding 3,520 EUR.

Salary Comparison by Years of Experience / Commercial Vault Associate / Italy

How do experience and age affect pay?

0 - 2 Years
2,300 EUR
2 - 5 Years+34%
3,080 EUR
5 - 10 Years+30%
4,010 EUR
10 - 15 Years+21%
4,850 EUR
15 - 20 Years+9%
5,310 EUR
20+ Years+5%
5,580 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Italy Commercial Vault Associate
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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 Commercial Vault Associate 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 2,300 EUR.

While someone with an experience level between two and five years is expected to earn 3,080 EUR, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 4,010 EUR, 30% 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 4,850 EUR, 21% 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 5,310 EUR, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 5,580 EUR, 5% 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 / Commercial Vault Associate / Italy

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Commercial Vault Associate.

Bachelor's Degree
3,240 EUR
Master's Degree+39%
4,500 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Italy Commercial Vault Associate
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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 Commercial Vault Associate in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 3,240 EUR.


Level 2: Master's Degree

At this level, the average salary becomes 4,500 EUR, 39% 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 Italy costs anywhere from 18,300 EUR to 54,900 EUR 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 / Commercial Vault Associate / Italy

Salary comparison by gender Italy Commercial Vault Associate 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 Commercial Vault Associate in Italy, the average difference between the salary of male and female employees is 6%.

Male
4,010 EUR
Female-5%
3,790 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Italy for all Careers

Salary comparison by gender monthly Italy
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Average Annual Salary Increment Percentage / Commercial Vault Associate / Italy

How much are annual salary increments in Italy for individuals working as Commercial Vault Associate? How often do employees get salary raises?

Individuals working as Commercial Vault Associate in Italy are likely to observe a salary increase of approximately 12% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Italy Commercial Vault Associate
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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.

Italy / All Professions

Annual Salary Increment Rate Italy
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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 Italy is 6%.

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 / Commercial Vault Associate / Italy

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Italy Commercial Vault Associate
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71% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 29% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
29%
No Bonus
71%

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.

Average Hourly Wage / Commercial Vault Associate / Italy


22 EUR per hour

The average hourly wage (pay per hour) for individuals working as Commercial Vault Associate in Italy is 22 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 as Commercial Vault Associate in Italy is 12 EUR. 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
Banking-100%
AML Analyst5,880 EUR+51%
Assistant Bank Branch Manager5,200 EUR+34%
Assistant Bank Manager6,660 EUR+71%
ATM Manager5,650 EUR+45%
ATM Service Technician1,570 EUR-60%
Bank Accounts Analyst2,200 EUR-43%
Bank Accounts Collector1,330 EUR-66%
Bank Accounts Controller2,830 EUR-27%
Bank Accounts Executive4,220 EUR+8%
Bank Accounts Manager4,910 EUR+26%
Bank Auditing Manager5,070 EUR+30%
Bank Branch Manager7,060 EUR+81%
Bank Branch Operations Coordinator3,010 EUR-23%
Bank Clerk1,270 EUR-67%
Bank Client Service Associate1,930 EUR-50%
Bank Collector1,390 EUR-64%
Bank Compliance Specialist3,490 EUR-10%
Bank Manager7,920 EUR+100%
Bank Operational Risk Manager7,550 EUR+94%
Bank Operations Head8,010 EUR+110%
Bank Operations Officer3,310 EUR-15%
Bank Operations Specialist4,970 EUR+28%
Bank Process Manager4,600 EUR+18%
Bank Product Manager 5,120 EUR+32%
Bank Programme Manager5,680 EUR+46%
Bank Project Manager6,260 EUR+61%
Bank Propositions Manager5,970 EUR+53%
Bank Quantitative Analyst4,210 EUR+8%
Bank Regional Manager8,050 EUR+110%
Bank Regional Risk Officer4,120 EUR+6%
Bank Relationship Manager5,930 EUR+52%
Bank Relationship Officer2,820 EUR-28%
Bank Sustainability Analyst4,800 EUR+23%
Bank Teller1,360 EUR-65%
Banker2,770 EUR-29%
Banking Business Analyst4,230 EUR+9%
Banking Business Development Officer2,500 EUR-36%
Banking Business Planning Executive5,970 EUR+53%
Banking Data Analyst4,950 EUR+27%
Banking Product Manager4,940 EUR+27%
Banking Reference Data Manager4,620 EUR+19%
Banking Regulatory Compliance Officer5,100 EUR+31%
Banking Risk Analyst4,270 EUR+10%
Banking Technical Analyst2,130 EUR-45%
Bankruptcy Coordinator2,970 EUR-24%
Bill and Account Collector1,480 EUR-62%
Blockchain Analyst3,620 EUR-7%
Blockchain Architect4,220 EUR+8%
Blockchain Auditor3,760 EUR-3%
Blockchain Compliance Analyst3,900 EUR+0%
Blockchain Consultant4,110 EUR+6%
Blockchain Trade Facilitator3,300 EUR-15%
Budget Analyst4,310 EUR+11%
Capital Risk Manager7,700 EUR+98%
Cards Marketing Manager5,180 EUR+33%
Cash Management Manager7,010 EUR+80%
Check Processing Manager5,210 EUR+34%
Chief Blockchain Officer4,800 EUR+23%
Commercial Vault Associate3,890 EUR-0%
Corporate Banker2,890 EUR-26%
Corporate Dealer4,390 EUR+13%
Credit Analyst3,180 EUR-18%
Credit and Collections Manager5,540 EUR+42%
Credit Card Fraud Investigator4,270 EUR+10%
Credit Portfolio Manager7,550 EUR+94%
Credit Risk Analyst4,620 EUR+19%
Credit Risk Associate4,590 EUR+18%
Cryptocurrency Accountant2,650 EUR-32%
Cryptocurrency Adviser5,170 EUR+33%
Cryptocurrency Analyst3,890 EUR-0%
Cryptocurrency Compliance Manager4,860 EUR+25%
Cryptocurrency Trader4,370 EUR+12%
Digital Banking Manager5,670 EUR+46%
Digital Currency Analyst4,250 EUR+9%
Direct Bank Sales Representative2,940 EUR-24%
Exchange Control Consultant4,230 EUR+9%
Executive Account Analyst4,150 EUR+7%
Financial Bank Planning Consultant5,240 EUR+35%
Financial Banking Analysis Manager6,170 EUR+59%
Financial Banking Assistant2,010 EUR-48%
Financial Banking Systems Manager5,770 EUR+48%
Foreign Exchange Manager6,200 EUR+59%
Fraud Analyst4,320 EUR+11%
Fraud Detection Associate3,090 EUR-21%
Fraud Detection Manager6,550 EUR+68%
Fraud Detection Supervisor3,750 EUR-4%
Internal Bank Audit Manager7,890 EUR+100%
Internal Bank Auditor4,220 EUR+8%
Internal Private Banker3,120 EUR-20%
International Banking Manager8,100 EUR+110%
Investment Banking Analyst6,000 EUR+54%
Loan Analyst4,290 EUR+10%
Loan Area Manager5,240 EUR+35%
Loan Audit Team Leader4,900 EUR+26%
Loan Branch Manager4,880 EUR+25%
Loan Business Development Officer2,640 EUR-32%
Loan Clerk1,400 EUR-64%
Loan Collection and Recovery Manager4,800 EUR+23%
Loan Collection Manager4,780 EUR+23%
Loan Collector1,320 EUR-66%
Loan Examiner1,760 EUR-55%
Loan Officer1,530 EUR-61%
Loan Processing Manager4,380 EUR+13%
Loan Processor1,840 EUR-53%
Loan Quality Assurance Auditor4,150 EUR+7%
Loan Quality Assurance Manager4,640 EUR+19%
Loan Quality Assurance Representative3,110 EUR-20%
Loan Review Manager4,720 EUR+21%
Loan Team Leader4,240 EUR+9%
Loans Manager5,520 EUR+42%
Mortgage Advisor2,930 EUR-25%
Mortgage Collection Manager4,960 EUR+27%
Mortgage Collector1,390 EUR-64%
Mortgage Credit Analyst2,270 EUR-42%
Mortgage Credit Manager4,800 EUR+23%
Mortgage Development Manager5,530 EUR+42%
Mortgage Document Reviewer1,890 EUR-51%
Mortgage Funding Manager5,640 EUR+45%
Mortgage Operations Manager7,000 EUR+80%
Mortgage Payment Processing Clerk1,550 EUR-60%
Mortgage Processing Manager4,540 EUR+17%
Mortgage Processor1,790 EUR-54%
Mortgage Quality Assurance Auditor4,040 EUR+4%
Mortgage Quality Assurance Manager4,650 EUR+20%
Mortgage Servicing Clerk1,390 EUR-64%
Mortgage Servicing Manager4,440 EUR+14%
Mortgage Underwriter1,750 EUR-55%
Online Banking Manager6,920 EUR+78%
Open Banking Strategist4,470 EUR+15%
Payment Processing Clerk1,420 EUR-64%
Personal Banker3,040 EUR-22%
Personal Banking Advisor 3,050 EUR-22%
Phone Banker2,080 EUR-47%
Private Banker2,910 EUR-25%
Reconciliation and Investigation Specialist3,380 EUR-13%
Tax Officer2,480 EUR-36%
Teller1,390 EUR-64%
Trade Officer1,660 EUR-57%
Trade Product Manager4,790 EUR+23%
Trader2,020 EUR-48%
Treasury Operations Officer3,530 EUR-9%
Wealth Management Advisor6,200 EUR+59%

Salary Comparison By City

CityAverage Salary
Milano4,420 EUR
Rome4,410 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 Italy is 5% on average across all career fields.

Private Sector
3,560 EUR
Public Sector+5%
3,750 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 for the job title Commercial Vault Associate in Italy?

A good and competitive compensation would range anywhere between 3,540 EUR and 4,020 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 a careers like Commercial Vault Associate in Italy ranges from 2,020 EUR to 2,930 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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