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Banking Average Salaries in Lithuania 2023

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

Average Monthly Salary
3,560 LTL
( 42,700 LTL yearly)


A person working in Banking in Lithuania typically earns around 3,560 LTL per month. Salaries range from 1,120 LTL (lowest average) to 7,310 LTL (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 Analyst5,330 LTL
Assistant Bank Branch Manager4,410 LTL
Assistant Bank Manager5,560 LTL
ATM Manager4,810 LTL
ATM Service Technician1,360 LTL
Bank Accounts Analyst1,990 LTL
Bank Accounts Controller2,470 LTL
Bank Accounts Executive3,750 LTL
Bank Accounts Manager4,450 LTL
Bank Auditing Manager4,480 LTL
Bank Branch Manager5,870 LTL
Bank Clerk1,200 LTL
Bank Compliance Specialist3,060 LTL
Bank Manager7,040 LTL
Bank Operational Risk Manager7,050 LTL
Bank Operations Head6,850 LTL
Bank Operations Officer2,860 LTL
Bank Operations Specialist4,510 LTL
Bank Process Manager3,830 LTL
Bank Product Manager 4,470 LTL
Bank Programme Manager4,810 LTL
Bank Project Manager5,370 LTL
Bank Propositions Manager4,860 LTL
Bank Quantitative Analyst3,700 LTL
Bank Regional Manager7,490 LTL
Bank Regional Risk Officer3,680 LTL
Bank Relationship Manager5,080 LTL
Bank Relationship Officer2,300 LTL
Banker2,530 LTL
Banking Business Analyst3,720 LTL
Banking Business Development Officer2,240 LTL
Banking Business Planning Executive5,200 LTL
Banking Product Manager4,610 LTL
Banking Reference Data Manager3,930 LTL
Banking Risk Analyst3,690 LTL
Banking Technical Analyst1,870 LTL
Bankruptcy Coordinator2,480 LTL
Budget Analyst3,720 LTL
Cards Marketing Manager4,700 LTL
Cash Management Manager6,410 LTL
Check Processing Manager4,850 LTL
Commercial Vault Associate3,420 LTL
Corporate Dealer3,660 LTL
Credit Analyst2,830 LTL
Credit and Collections Manager5,040 LTL
Credit Card Fraud Investigator3,950 LTL
Credit Portfolio Manager6,750 LTL
Credit Risk Analyst4,110 LTL
Credit Risk Associate3,890 LTL
Direct Bank Sales Representative2,510 LTL
Financial Bank Planning Consultant4,670 LTL
Financial Banking Analysis Manager5,480 LTL
Financial Banking Assistant1,820 LTL
Financial Banking Systems Manager4,810 LTL
Foreign Exchange Manager5,280 LTL
Fraud Analyst3,940 LTL
Fraud Detection Associate2,680 LTL
Fraud Detection Manager5,570 LTL
Fraud Detection Supervisor3,310 LTL
Internal Bank Audit Manager6,550 LTL
Internal Bank Auditor3,570 LTL
International Banking Manager7,730 LTL
Loan Analyst3,780 LTL
Loan Area Manager4,530 LTL
Loan Audit Team Leader4,240 LTL
Loan Branch Manager4,300 LTL
Loan Business Development Officer2,150 LTL
Loan Clerk1,290 LTL
Loan Collection Manager4,460 LTL
Loan Collector1,150 LTL
Loan Examiner1,580 LTL
Loan Processing Manager3,990 LTL
Loan Processor1,710 LTL
Loan Quality Assurance Auditor3,550 LTL
Loan Quality Assurance Manager4,050 LTL
Loan Quality Assurance Representative2,770 LTL
Loan Review Manager4,270 LTL
Loan Team Leader3,540 LTL
Mortgage Advisor2,490 LTL
Mortgage Collection Manager4,310 LTL
Mortgage Collector1,230 LTL
Mortgage Credit Analyst1,850 LTL
Mortgage Credit Manager3,990 LTL
Mortgage Development Manager4,690 LTL
Mortgage Document Reviewer1,640 LTL
Mortgage Funding Manager4,970 LTL
Mortgage Operations Manager6,130 LTL
Mortgage Payment Processing Clerk1,390 LTL
Mortgage Processing Manager4,070 LTL
Mortgage Processor1,640 LTL
Mortgage Quality Assurance Auditor3,680 LTL
Mortgage Quality Assurance Manager4,310 LTL
Mortgage Servicing Clerk1,300 LTL
Mortgage Servicing Manager4,220 LTL
Mortgage Underwriter1,490 LTL
Online Banking Manager6,080 LTL
Payment Processing Clerk1,270 LTL
Personal Banker2,700 LTL
Personal Banking Advisor 2,610 LTL
Phone Banker1,730 LTL
Private Banker2,660 LTL
Reconciliation and Investigation Specialist2,890 LTL
Teller1,220 LTL
Trade Officer1,490 LTL
Trade Product Manager4,360 LTL
Trader1,870 LTL
Treasury Operations Officer3,170 LTL

Banking Jobs Salary Distribution in Lithuania

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

  • Salary Range

    Banking salaries in Lithuania range from 1,120 LTL per month (minimum average salary) to 7,310 LTL per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 3,270 LTL per month, which means that half (50%) of people working in Banking are earning less than 3,270 LTL while the other half are earning more than 3,270 LTL. 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 1,980 LTL while 75% of them are earning more than 1,980 LTL. Also from the diagram, 75% of people working in Banking are earning less than 4,870 LTL while 25% are earning more than 4,870 LTL.

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 Lithuania costs anywhere from 16,400 Lithuanian Litas(s) to 49,100 Lithuanian Litas(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 Lithuania 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 Lithuania who work in Banking earn 5% more than their female counterparts on average.

3,640 LTL
3,470 LTL
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Lithuania for all Careers

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

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


Banking professionals in Lithuania are likely to observe a salary increase of approximately 10% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Lithuania 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.

Lithuania / 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 Lithuania is 5%.

Annual Increment Rate By Industry 2022

Information Technology

Listed above are the average annual increase rates for each industry in Lithuania for the year 2022. 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 Lithuania

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

29% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 71% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 7% 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 Lithuania

21 LTL per hour

The average hourly wage (pay per hour) in Lithuania is 21 LTL. This means that the average person in Lithuania earns approximately 21 LTL 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 Lithuania
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The average salary for Banking is 9% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Vilnius4,090 LTL

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 Lithuania earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
3,190 LTL
Public Sector+7%
3,410 LTL
Percentage increase and decrease are relative to the previous value

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