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Banking Average Salaries in Kazakhstan 2022

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

Average Monthly Salary
421,000 KZT
( 5,050,000 KZT yearly)


A person working in Banking in Kazakhstan typically earns around 421,000 KZT per month. Salaries range from 132,000 KZT (lowest average) to 864,000 KZT (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Banking careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
AML Analyst593,000 KZT
Assistant Bank Branch Manager544,000 KZT
Assistant Bank Manager675,000 KZT
ATM Manager576,000 KZT
ATM Service Technician160,000 KZT
Bank Accounts Analyst241,000 KZT
Bank Accounts Controller312,000 KZT
Bank Accounts Executive423,000 KZT
Bank Accounts Manager495,000 KZT
Bank Auditing Manager522,000 KZT
Bank Branch Manager734,000 KZT
Bank Clerk137,000 KZT
Bank Compliance Specialist378,000 KZT
Bank Manager874,000 KZT
Bank Operational Risk Manager801,000 KZT
Bank Operations Head875,000 KZT
Bank Operations Officer346,000 KZT
Bank Operations Specialist499,000 KZT
Bank Process Manager474,000 KZT
Bank Product Manager 562,000 KZT
Bank Programme Manager593,000 KZT
Bank Project Manager678,000 KZT
Bank Propositions Manager624,000 KZT
Bank Quantitative Analyst442,000 KZT
Bank Regional Manager867,000 KZT
Bank Regional Risk Officer448,000 KZT
Bank Relationship Manager642,000 KZT
Bank Relationship Officer294,000 KZT
Banker300,000 KZT
Banking Business Analyst446,000 KZT
Banking Business Development Officer265,000 KZT
Banking Business Planning Executive599,000 KZT
Banking Product Manager524,000 KZT
Banking Reference Data Manager470,000 KZT
Banking Risk Analyst444,000 KZT
Banking Technical Analyst227,000 KZT
Bankruptcy Coordinator300,000 KZT
Budget Analyst452,000 KZT
Cards Marketing Manager569,000 KZT
Cash Management Manager748,000 KZT
Check Processing Manager559,000 KZT
Commercial Vault Associate413,000 KZT
Corporate Dealer447,000 KZT
Credit Analyst345,000 KZT
Credit and Collections Manager606,000 KZT
Credit Card Fraud Investigator469,000 KZT
Credit Portfolio Manager814,000 KZT
Credit Risk Analyst507,000 KZT
Credit Risk Associate475,000 KZT
Direct Bank Sales Representative324,000 KZT
Financial Bank Planning Consultant570,000 KZT
Financial Banking Analysis Manager622,000 KZT
Financial Banking Assistant204,000 KZT
Financial Banking Systems Manager588,000 KZT
Foreign Exchange Manager636,000 KZT
Fraud Analyst468,000 KZT
Fraud Detection Associate318,000 KZT
Fraud Detection Manager663,000 KZT
Fraud Detection Supervisor388,000 KZT
Internal Bank Audit Manager825,000 KZT
Internal Bank Auditor443,000 KZT
International Banking Manager855,000 KZT
Loan Analyst448,000 KZT
Loan Area Manager545,000 KZT
Loan Audit Team Leader510,000 KZT
Loan Branch Manager510,000 KZT
Loan Business Development Officer278,000 KZT
Loan Clerk148,000 KZT
Loan Collection Manager507,000 KZT
Loan Collector141,000 KZT
Loan Examiner190,000 KZT
Loan Processing Manager474,000 KZT
Loan Processor200,000 KZT
Loan Quality Assurance Auditor454,000 KZT
Loan Quality Assurance Manager510,000 KZT
Loan Quality Assurance Representative343,000 KZT
Loan Review Manager473,000 KZT
Loan Team Leader427,000 KZT
Mortgage Advisor297,000 KZT
Mortgage Collection Manager506,000 KZT
Mortgage Collector143,000 KZT
Mortgage Credit Analyst234,000 KZT
Mortgage Credit Manager497,000 KZT
Mortgage Development Manager575,000 KZT
Mortgage Document Reviewer198,000 KZT
Mortgage Funding Manager593,000 KZT
Mortgage Operations Manager754,000 KZT
Mortgage Payment Processing Clerk168,000 KZT
Mortgage Processing Manager479,000 KZT
Mortgage Processor190,000 KZT
Mortgage Quality Assurance Auditor439,000 KZT
Mortgage Quality Assurance Manager508,000 KZT
Mortgage Servicing Clerk148,000 KZT
Mortgage Servicing Manager476,000 KZT
Mortgage Underwriter192,000 KZT
Online Banking Manager734,000 KZT
Payment Processing Clerk151,000 KZT
Personal Banker308,000 KZT
Personal Banking Advisor 337,000 KZT
Phone Banker218,000 KZT
Private Banker312,000 KZT
Reconciliation and Investigation Specialist371,000 KZT
Teller152,000 KZT
Trade Officer180,000 KZT
Trade Product Manager521,000 KZT
Trader220,000 KZT
Treasury Operations Officer374,000 KZT

Banking Jobs Salary Distribution in Kazakhstan

Median and salary distribution monthly Kazakhstan Banking
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The median, the maximum, the minimum, and the range

  • Salary Range

    Banking salaries in Kazakhstan range from 132,000 KZT per month (minimum average salary) to 864,000 KZT per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 446,000 KZT per month, which means that half (50%) of people working in Banking are earning less than 446,000 KZT while the other half are earning more than 446,000 KZT. 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.

  • Percentiles

    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 260,000 KZT while 75% of them are earning more than 260,000 KZT. Also from the diagram, 75% of people working in Banking are earning less than 694,000 KZT while 25% are earning more than 694,000 KZT.

What is the difference between the median and the average salary?

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 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

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 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.

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.

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.

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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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 degrees levels across many jobs, below are our findings.

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.

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 cerificate 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 Kazakhstan costs anywhere from 1,940,000 Tenge(s) to 5,810,000 Tenge(s) 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 into 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 your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Banking Salary Comparison By Gender

Salary comparison by gender monthly Kazakhstan Banking
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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? Male employees in Kazakhstan who work in Banking earn 7% more than their female counterparts on average.

437,000 KZT
407,000 KZT
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Kazakhstan for all Careers

Salary comparison by gender monthly Kazakhstan
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Banking Average Annual Salary Increment Percentage in Kazakhstan

How much are annual salary increments in Kazakhstan for Banking professionals? How often do employees get salary raises?


Banking professionals in Kazakhstan are likely to observe a salary increase of approximately 10% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 19 months.

Annual Salary Increment Rate Kazakhstan 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.

Kazakhstan / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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 Kazakhstan is 5%.

Annual Increment Rate By Industry 2021

Information Technology

Listed above are the average annual increase rates for each industry in Kazakhstan for the year 2021. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Worldwide Salary Raises: All Countries and All Jobs

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Banking Bonus and Incentive Rates in Kazakhstan

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Kazakhstan Banking
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Banking is considered to be a high bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

22% of surveyed staff in Banking 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.

Banking Hourly Average Wage in Kazakhstan

2,430 KZT per hour

The average hourly wage (pay per hour) in Kazakhstan is 2,430 KZT. This means that the average person in Kazakhstan earns approximately 2,430 KZT for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

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 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 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.

Banking VS Other Jobs

Salary Comparison Between Banking and Banking monthly Kazakhstan
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The average salary for Banking is 9% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Almaty479,000 KZT
Astana459,000 KZT

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Kazakhstan earn 11% more than their private sector counterparts on average across all sectors.

Private Sector
363,000 KZT
Public Sector+11%
403,000 KZT
Percentage increase and decrease are relative to the previous value

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