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Banking Average Salaries in Eldoret 2019

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

140,621 KES per month
Average Monthly Salary
A person working in Banking in Eldoret typically earns around 140,621 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 Analyst169,922 KES
Assistant Bank Branch Manager158,010 KES
Assistant Bank Manager170,486 KES
ATM Manager169,774 KES
ATM Service Technician86,060 KES
Bank Accounts Analyst113,919 KES
Bank Accounts Controller124,421 KES
Bank Accounts Executive129,523 KES
Bank Accounts Manager146,752 KES
Bank Auditing Manager140,419 KES
Bank Branch Manager171,101 KES
Bank Clerk85,196 KES
Bank Compliance Specialist128,312 KES
Bank Manager263,119 KES
Bank Operational Risk Manager198,777 KES
Bank Operations Head206,773 KES
Bank Operations Officer112,564 KES
Bank Operations Specialist155,985 KES
Bank Process Manager128,200 KES
Bank Product Manager 129,793 KES
Bank Programme Manager167,397 KES
Bank Project Manager169,357 KES
Bank Propositions Manager163,904 KES
Bank Quantitative Analyst130,262 KES
Bank Regional Manager181,573 KES
Bank Regional Risk Officer124,794 KES
Bank Relationship Manager158,486 KES
Bank Relationship Officer109,787 KES
Banker113,474 KES
Banking Business Analyst135,363 KES
Banking Business Development Officer116,238 KES
Banking Business Planning Executive176,565 KES
Banking Product Manager168,551 KES
Banking Reference Data Manager150,910 KES
Banking Risk Analyst133,597 KES
Banking Technical Analyst116,875 KES
Bankruptcy Coordinator148,045 KES
Budget Analyst130,695 KES
Cards Marketing Manager162,531 KES
Cash Management Manager174,624 KES
Check Processing Manager175,927 KES
Commercial Vault Associate128,938 KES
Corporate Dealer140,285 KES
Credit Analyst152,189 KES
Credit and Collections Manager156,205 KES
Credit Card Fraud Investigator140,975 KES
Credit Portfolio Manager202,183 KES
Credit Risk Analyst159,287 KES
Credit Risk Associate135,933 KES
Direct Bank Sales Representative121,935 KES
Financial Bank Planning Consultant149,158 KES
Financial Banking Analysis Manager165,061 KES
Financial Banking Assistant107,470 KES
Financial Banking Systems Manager161,874 KES
Foreign Exchange Manager161,260 KES
Fraud Analyst135,871 KES
Fraud Detection Associate141,205 KES
Fraud Detection Manager172,466 KES
Fraud Detection Supervisor137,112 KES
Internal Bank Audit Manager177,959 KES
Internal Bank Auditor125,108 KES
International Banking Manager226,392 KES
Loan Analyst128,190 KES
Loan Area Manager150,495 KES
Loan Audit Team Leader153,553 KES
Loan Branch Manager145,871 KES
Loan Business Development Officer131,282 KES
Loan Clerk94,546 KES
Loan Collection Manager155,843 KES
Loan Collector79,157 KES
Loan Examiner105,767 KES
Loan Processing Manager125,425 KES
Loan Processor123,442 KES
Loan Quality Assurance Auditor135,325 KES
Loan Quality Assurance Manager144,370 KES
Loan Quality Assurance Representative122,264 KES
Loan Review Manager132,222 KES
Loan Team Leader140,182 KES
Mortgage Advisor128,587 KES
Mortgage Collection Manager137,823 KES
Mortgage Collector100,116 KES
Mortgage Credit Analyst110,849 KES
Mortgage Credit Manager133,225 KES
Mortgage Development Manager158,054 KES
Mortgage Document Reviewer96,684 KES
Mortgage Funding Manager163,991 KES
Mortgage Operations Manager178,423 KES
Mortgage Payment Processing Clerk89,227 KES
Mortgage Processing Manager142,624 KES
Mortgage Processor107,630 KES
Mortgage Quality Assurance Auditor135,048 KES
Mortgage Quality Assurance Manager135,595 KES
Mortgage Servicing Clerk80,876 KES
Mortgage Servicing Manager149,184 KES
Mortgage Underwriter99,512 KES
Online Banking Manager181,399 KES
Payment Processing Clerk93,737 KES
Personal Banker135,327 KES
Personal Banking Advisor 130,858 KES
Phone Banker113,528 KES
Private Banker143,485 KES
Reconciliation and Investigation Specialist127,944 KES
Teller80,548 KES
Trade Officer92,159 KES
Trade Product Manager144,361 KES
Trader110,275 KES
Treasury Operations Officer126,957 KES

Banking Jobs Salary Distribution in Eldoret

Median and salary distribution monthly Eldoret Banking

Abount These Figures: Salary Range, Median and Percentiles

The Banking salaries in Eldoret range between 79,530 KES per month (minimum salary) to 260,027 KES per month (maximum salary).

The median salary is 140,621 KES per month, which means that half (50%) of people working in Banking are earning less than 140,621 KES while the other half are earning more than 140,621 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 99,068 KES while 75% of them are earning more than 99,068 KES. Also from the diagram, 75% of people working in Banking are earning less than 200,324 KES while 25% are earning more than 200,324 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 Eldoret

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 Eldoret Banking
Average Salary 2016    =  
130,599 KES
Average Salary 2017    +4%  
135,431 KES
Average Salary 2018    +3%  
138,817 KES
Average Salary 2019    +1%  
140,621 KES
Percentage increase and decrease are relative to the previous value
Banking salaries in Eldoret are rising in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 1% 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 Eldoret

811 KES per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Eldoret for Banking is 811 KES. This means that the average person in Eldoret earns approximatly 811 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 EldoretWe compared Eldoret salaries for Banking and All Jobs and we found that Banking salaries are 13% more than those of All Jobs.

Eldoret VS Kenya

Salary Comparison Between Eldoret and Kenya monthly BankingWe compared Banking salaries in Eldoret and Kenya and we found that Eldoret salaries are 16% less than those of Kenya.

Salary Comparison By City

CityAverage Salary
Kisumu162,335 KES
Mombasa182,461 KES
Nairobi199,487 KES
42000 - 2
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