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Banking Average Salaries in Kyrgyzstan 2022

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


Average Monthly Salary
21,200 KGS
( 254,000 KGS yearly)

LOW
6,670
KGS
AVERAGE
21,200
KGS
HIGH
43,500
KGS

A person working in Banking in Kyrgyzstan typically earns around 21,200 KGS per month. Salaries range from 6,670 KGS (lowest average) to 43,500 KGS (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 Analyst31,100 KGS
Assistant Bank Branch Manager26,900 KGS
Assistant Bank Manager35,600 KGS
ATM Manager30,500 KGS
ATM Service Technician7,730 KGS
Bank Accounts Analyst11,700 KGS
Bank Accounts Controller14,600 KGS
Bank Accounts Executive22,000 KGS
Bank Accounts Manager26,000 KGS
Bank Auditing Manager25,300 KGS
Bank Branch Manager36,100 KGS
Bank Clerk7,000 KGS
Bank Compliance Specialist19,500 KGS
Bank Manager40,100 KGS
Bank Operational Risk Manager42,800 KGS
Bank Operations Head43,800 KGS
Bank Operations Officer16,800 KGS
Bank Operations Specialist25,500 KGS
Bank Process Manager24,400 KGS
Bank Product Manager 28,300 KGS
Bank Programme Manager29,300 KGS
Bank Project Manager32,200 KGS
Bank Propositions Manager29,000 KGS
Bank Quantitative Analyst21,500 KGS
Bank Regional Manager45,300 KGS
Bank Regional Risk Officer23,200 KGS
Bank Relationship Manager30,500 KGS
Bank Relationship Officer14,700 KGS
Banker14,900 KGS
Banking Business Analyst22,300 KGS
Banking Business Development Officer13,300 KGS
Banking Business Planning Executive31,800 KGS
Banking Product Manager28,000 KGS
Banking Reference Data Manager24,900 KGS
Banking Risk Analyst20,900 KGS
Banking Technical Analyst12,000 KGS
Bankruptcy Coordinator15,400 KGS
Budget Analyst22,500 KGS
Cards Marketing Manager27,500 KGS
Cash Management Manager37,900 KGS
Check Processing Manager28,400 KGS
Commercial Vault Associate21,200 KGS
Corporate Dealer21,800 KGS
Credit Analyst17,900 KGS
Credit and Collections Manager28,600 KGS
Credit Card Fraud Investigator22,200 KGS
Credit Portfolio Manager40,000 KGS
Credit Risk Analyst25,000 KGS
Credit Risk Associate24,600 KGS
Direct Bank Sales Representative15,500 KGS
Financial Bank Planning Consultant29,500 KGS
Financial Banking Analysis Manager33,200 KGS
Financial Banking Assistant10,900 KGS
Financial Banking Systems Manager28,700 KGS
Foreign Exchange Manager31,300 KGS
Fraud Analyst23,200 KGS
Fraud Detection Associate15,700 KGS
Fraud Detection Manager34,300 KGS
Fraud Detection Supervisor19,300 KGS
Internal Bank Audit Manager41,600 KGS
Internal Bank Auditor20,300 KGS
International Banking Manager43,700 KGS
Loan Analyst21,300 KGS
Loan Area Manager25,700 KGS
Loan Audit Team Leader24,000 KGS
Loan Branch Manager24,200 KGS
Loan Business Development Officer13,300 KGS
Loan Clerk7,880 KGS
Loan Collection Manager27,100 KGS
Loan Collector6,900 KGS
Loan Examiner9,350 KGS
Loan Processing Manager23,500 KGS
Loan Processor9,960 KGS
Loan Quality Assurance Auditor22,700 KGS
Loan Quality Assurance Manager25,700 KGS
Loan Quality Assurance Representative15,700 KGS
Loan Review Manager24,200 KGS
Loan Team Leader21,900 KGS
Mortgage Advisor15,300 KGS
Mortgage Collection Manager26,300 KGS
Mortgage Collector7,440 KGS
Mortgage Credit Analyst11,100 KGS
Mortgage Credit Manager23,800 KGS
Mortgage Development Manager27,700 KGS
Mortgage Document Reviewer9,580 KGS
Mortgage Funding Manager28,900 KGS
Mortgage Operations Manager37,900 KGS
Mortgage Payment Processing Clerk8,480 KGS
Mortgage Processing Manager26,000 KGS
Mortgage Processor10,400 KGS
Mortgage Quality Assurance Auditor22,300 KGS
Mortgage Quality Assurance Manager25,900 KGS
Mortgage Servicing Clerk7,360 KGS
Mortgage Servicing Manager23,800 KGS
Mortgage Underwriter8,910 KGS
Online Banking Manager37,700 KGS
Payment Processing Clerk7,820 KGS
Personal Banker15,300 KGS
Personal Banking Advisor 16,100 KGS
Phone Banker11,000 KGS
Private Banker16,200 KGS
Reconciliation and Investigation Specialist17,200 KGS
Teller7,250 KGS
Trade Officer9,090 KGS
Trade Product Manager26,500 KGS
Trader11,300 KGS
Treasury Operations Officer18,800 KGS

Banking Jobs Salary Distribution in Kyrgyzstan

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

  • Salary Range

    Banking salaries in Kyrgyzstan range from 6,670 KGS per month (minimum average salary) to 43,500 KGS per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 21,200 KGS per month, which means that half (50%) of people working in Banking are earning less than 21,200 KGS while the other half are earning more than 21,200 KGS. 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 12,500 KGS while 75% of them are earning more than 12,500 KGS. Also from the diagram, 75% of people working in Banking are earning less than 32,300 KGS while 25% are earning more than 32,300 KGS.


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 Kyrgyzstan costs anywhere from 97,400 Som(s) to 292,000 Som(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 Kyrgyzstan 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 Kyrgyzstan who work in Banking earn 6% more than their female counterparts on average.

Male
21,700 KGS
Female-5%
20,600 KGS
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Kyrgyzstan for all Careers

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

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

Banking

Banking professionals in Kyrgyzstan are likely to observe a salary increase of approximately 7% every 26 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Kyrgyzstan 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.

Kyrgyzstan / 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 Kyrgyzstan is 2%.

Annual Increment Rate By Industry 2021

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Listed above are the average annual increase rates for each industry in Kyrgyzstan 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 Kyrgyzstan

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Kyrgyzstan 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.

40% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 60% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 8% of their annual salary.

Received Bonus
60%
No Bonus
40%

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.

Banking Hourly Average Wage in Kyrgyzstan


120 KGS per hour

The average hourly wage (pay per hour) in Kyrgyzstan is 120 KGS. This means that the average person in Kyrgyzstan earns approximately 120 KGS 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 Kyrgyzstan
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The average salary for Banking is 9% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Bishkek24,600 KGS

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 Kyrgyzstan earn 17% more than their private sector counterparts on average across all sectors.

Private Sector
18,100 KGS
Public Sector+17%
21,200 KGS
Percentage increase and decrease are relative to the previous value

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