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.
|Job Title||Average Salary|
|AML Analyst||31,100 KGS|
|Assistant Bank Branch Manager||26,900 KGS|
|Assistant Bank Manager||35,600 KGS|
|ATM Manager||30,500 KGS|
|ATM Service Technician||7,730 KGS|
|Bank Accounts Analyst||11,700 KGS|
|Bank Accounts Controller||14,600 KGS|
|Bank Accounts Executive||22,000 KGS|
|Bank Accounts Manager||26,000 KGS|
|Bank Auditing Manager||25,300 KGS|
|Bank Branch Manager||36,100 KGS|
|Bank Clerk||7,000 KGS|
|Bank Compliance Specialist||19,500 KGS|
|Bank Manager||40,100 KGS|
|Bank Operational Risk Manager||42,800 KGS|
|Bank Operations Head||43,800 KGS|
|Bank Operations Officer||16,800 KGS|
|Bank Operations Specialist||25,500 KGS|
|Bank Process Manager||24,400 KGS|
|Bank Product Manager||28,300 KGS|
|Bank Programme Manager||29,300 KGS|
|Bank Project Manager||32,200 KGS|
|Bank Propositions Manager||29,000 KGS|
|Bank Quantitative Analyst||21,500 KGS|
|Bank Regional Manager||45,300 KGS|
|Bank Regional Risk Officer||23,200 KGS|
|Bank Relationship Manager||30,500 KGS|
|Bank Relationship Officer||14,700 KGS|
|Banking Business Analyst||22,300 KGS|
|Banking Business Development Officer||13,300 KGS|
|Banking Business Planning Executive||31,800 KGS|
|Banking Product Manager||28,000 KGS|
|Banking Reference Data Manager||24,900 KGS|
|Banking Risk Analyst||20,900 KGS|
|Banking Technical Analyst||12,000 KGS|
|Bankruptcy Coordinator||15,400 KGS|
|Budget Analyst||22,500 KGS|
|Cards Marketing Manager||27,500 KGS|
|Cash Management Manager||37,900 KGS|
|Check Processing Manager||28,400 KGS|
|Commercial Vault Associate||21,200 KGS|
|Corporate Dealer||21,800 KGS|
|Credit Analyst||17,900 KGS|
|Credit and Collections Manager||28,600 KGS|
|Credit Card Fraud Investigator||22,200 KGS|
|Credit Portfolio Manager||40,000 KGS|
|Credit Risk Analyst||25,000 KGS|
|Credit Risk Associate||24,600 KGS|
|Direct Bank Sales Representative||15,500 KGS|
|Financial Bank Planning Consultant||29,500 KGS|
|Financial Banking Analysis Manager||33,200 KGS|
|Financial Banking Assistant||10,900 KGS|
|Financial Banking Systems Manager||28,700 KGS|
|Foreign Exchange Manager||31,300 KGS|
|Fraud Analyst||23,200 KGS|
|Fraud Detection Associate||15,700 KGS|
|Fraud Detection Manager||34,300 KGS|
|Fraud Detection Supervisor||19,300 KGS|
|Internal Bank Audit Manager||41,600 KGS|
|Internal Bank Auditor||20,300 KGS|
|International Banking Manager||43,700 KGS|
|Loan Analyst||21,300 KGS|
|Loan Area Manager||25,700 KGS|
|Loan Audit Team Leader||24,000 KGS|
|Loan Branch Manager||24,200 KGS|
|Loan Business Development Officer||13,300 KGS|
|Loan Clerk||7,880 KGS|
|Loan Collection Manager||27,100 KGS|
|Loan Collector||6,900 KGS|
|Loan Examiner||9,350 KGS|
|Loan Processing Manager||23,500 KGS|
|Loan Processor||9,960 KGS|
|Loan Quality Assurance Auditor||22,700 KGS|
|Loan Quality Assurance Manager||25,700 KGS|
|Loan Quality Assurance Representative||15,700 KGS|
|Loan Review Manager||24,200 KGS|
|Loan Team Leader||21,900 KGS|
|Mortgage Advisor||15,300 KGS|
|Mortgage Collection Manager||26,300 KGS|
|Mortgage Collector||7,440 KGS|
|Mortgage Credit Analyst||11,100 KGS|
|Mortgage Credit Manager||23,800 KGS|
|Mortgage Development Manager||27,700 KGS|
|Mortgage Document Reviewer||9,580 KGS|
|Mortgage Funding Manager||28,900 KGS|
|Mortgage Operations Manager||37,900 KGS|
|Mortgage Payment Processing Clerk||8,480 KGS|
|Mortgage Processing Manager||26,000 KGS|
|Mortgage Processor||10,400 KGS|
|Mortgage Quality Assurance Auditor||22,300 KGS|
|Mortgage Quality Assurance Manager||25,900 KGS|
|Mortgage Servicing Clerk||7,360 KGS|
|Mortgage Servicing Manager||23,800 KGS|
|Mortgage Underwriter||8,910 KGS|
|Online Banking Manager||37,700 KGS|
|Payment Processing Clerk||7,820 KGS|
|Personal Banker||15,300 KGS|
|Personal Banking Advisor||16,100 KGS|
|Phone Banker||11,000 KGS|
|Private Banker||16,200 KGS|
|Reconciliation and Investigation Specialist||17,200 KGS|
|Trade Officer||9,090 KGS|
|Trade Product Manager||26,500 KGS|
|Treasury Operations Officer||18,800 KGS|
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).
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
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.
The average salary for Banking is 9% more than that of All Jobs.
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.