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Banking Average Salaries in Kenya 2019

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

167,415 KES per month
Average Monthly Salary
A person working in Banking in Kenya typically earns around 167,415 KES 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

Job TitleAverage Salary
AML Analyst198,229 KES
Assistant Bank Branch Manager196,748 KES
Assistant Bank Manager209,621 KES
ATM Manager199,120 KES
ATM Service Technician106,279 KES
Bank Accounts Analyst136,146 KES
Bank Accounts Controller159,877 KES
Bank Accounts Executive175,396 KES
Bank Accounts Manager171,199 KES
Bank Auditing Manager182,875 KES
Bank Branch Manager223,548 KES
Bank Clerk107,359 KES
Bank Compliance Specialist154,251 KES
Bank Manager325,033 KES
Bank Operational Risk Manager241,840 KES
Bank Operations Head254,344 KES
Bank Operations Officer148,982 KES
Bank Operations Specialist202,940 KES
Bank Process Manager153,808 KES
Bank Product Manager 168,313 KES
Bank Programme Manager208,435 KES
Bank Project Manager211,696 KES
Bank Propositions Manager199,923 KES
Bank Quantitative Analyst164,116 KES
Bank Regional Manager238,245 KES
Bank Regional Risk Officer157,857 KES
Bank Relationship Manager198,108 KES
Bank Relationship Officer149,330 KES
Banker138,962 KES
Banking Business Analyst169,204 KES
Banking Business Development Officer138,386 KES
Banking Business Planning Executive203,728 KES
Banking Product Manager205,066 KES
Banking Reference Data Manager176,995 KES
Banking Risk Analyst161,061 KES
Banking Technical Analyst143,820 KES
Bankruptcy Coordinator183,631 KES
Budget Analyst171,282 KES
Cards Marketing Manager194,242 KES
Cash Management Manager219,182 KES
Check Processing Manager210,487 KES
Commercial Vault Associate159,869 KES
Corporate Dealer171,218 KES
Credit Analyst192,510 KES
Credit and Collections Manager208,232 KES
Credit Card Fraud Investigator178,977 KES
Credit Portfolio Manager234,994 KES
Credit Risk Analyst198,297 KES
Credit Risk Associate172,054 KES
Direct Bank Sales Representative162,984 KES
Financial Bank Planning Consultant188,675 KES
Financial Banking Analysis Manager200,543 KES
Financial Banking Assistant137,703 KES
Financial Banking Systems Manager197,568 KES
Foreign Exchange Manager207,359 KES
Fraud Analyst166,390 KES
Fraud Detection Associate173,096 KES
Fraud Detection Manager225,087 KES
Fraud Detection Supervisor176,908 KES
Internal Bank Audit Manager230,363 KES
Internal Bank Auditor154,452 KES
International Banking Manager266,505 KES
Loan Analyst162,875 KES
Loan Area Manager181,433 KES
Loan Audit Team Leader185,121 KES
Loan Branch Manager185,340 KES
Loan Business Development Officer159,009 KES
Loan Clerk120,570 KES
Loan Collection Manager189,604 KES
Loan Collector106,722 KES
Loan Examiner122,931 KES
Loan Processing Manager153,598 KES
Loan Processor144,252 KES
Loan Quality Assurance Auditor166,458 KES
Loan Quality Assurance Manager187,216 KES
Loan Quality Assurance Representative151,034 KES
Loan Review Manager172,023 KES
Loan Team Leader173,878 KES
Mortgage Advisor167,820 KES
Mortgage Collection Manager171,559 KES
Mortgage Collector118,739 KES
Mortgage Credit Analyst138,562 KES
Mortgage Credit Manager158,801 KES
Mortgage Development Manager198,364 KES
Mortgage Document Reviewer127,964 KES
Mortgage Funding Manager206,610 KES
Mortgage Operations Manager215,935 KES
Mortgage Payment Processing Clerk113,845 KES
Mortgage Processing Manager189,308 KES
Mortgage Processor136,106 KES
Mortgage Quality Assurance Auditor164,194 KES
Mortgage Quality Assurance Manager173,632 KES
Mortgage Servicing Clerk97,411 KES
Mortgage Servicing Manager171,519 KES
Mortgage Underwriter121,525 KES
Online Banking Manager224,915 KES
Payment Processing Clerk110,910 KES
Personal Banker163,292 KES
Personal Banking Advisor 174,911 KES
Phone Banker146,958 KES
Private Banker178,644 KES
Reconciliation and Investigation Specialist156,247 KES
Teller106,006 KES
Trade Officer117,586 KES
Trade Product Manager175,517 KES
Trader141,209 KES
Treasury Operations Officer151,147 KES

Banking Jobs Salary Distribution in Kenya

Median and salary distribution monthly Kenya Banking

Abount These Figures: Salary Range, Median and Percentiles

The Banking salaries in Kenya range between 94,683 KES per month (minimum salary) to 309,571 KES per month (maximum salary).

The median salary is 164,067 KES per month, which means that half (50%) of people working in Banking are earning less than 164,067 KES while the other half are earning more than 164,067 KES. 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 116,437 KES while 75% of them are earning more than 116,437 KES. Also from the diagram, 75% of people working in Banking are earning less than 227,346 KES while 25% are earning more than 227,346 KES.

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 Kenya

How do Banking salaries change over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Kenya Banking
Average Salary 2016    =  
154,116 KES
Average Salary 2017    +4%  
159,818 KES
Average Salary 2018    +2%  
162,855 KES
Average Salary 2019    +3%  
167,415 KES
Percentage increase and decrease are relative to the previous value
Banking salaries in Kenya are rising in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% 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 Kenya

966 KES per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Kenya for Banking is 966 KES. This means that the average person in Kenya earns approximatly 966 KES 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.

Banking VS Other Jobs

Salary Comparison Between Banking and Banking monthly KenyaWe compared Kenya salaries for Banking and All Jobs and we found that Banking salaries are 13% more than those of All Jobs.

Salary Comparison By City

CityAverage Salary
Kisumu162,335 KES
Mombasa182,461 KES
Nairobi199,487 KES
121591 - 59
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