A person working in Banking in Mombasa typically earns around 182,000 KES per month. Salaries range from 103,000 KES (lowest average) to 337,000 KES (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||204,000 KES|
|Assistant Bank Branch Manager||189,000 KES|
|Assistant Bank Manager||210,000 KES|
|ATM Manager||215,000 KES|
|ATM Service Technician||112,000 KES|
|Bank Accounts Analyst||142,000 KES|
|Bank Accounts Controller||156,000 KES|
|Bank Accounts Executive||167,000 KES|
|Bank Accounts Manager||176,000 KES|
|Bank Auditing Manager||188,000 KES|
|Bank Branch Manager||220,000 KES|
|Bank Clerk||109,000 KES|
|Bank Compliance Specialist||153,000 KES|
|Bank Manager||310,000 KES|
|Bank Operational Risk Manager||229,000 KES|
|Bank Operations Head||255,000 KES|
|Bank Operations Officer||155,000 KES|
|Bank Operations Specialist||209,000 KES|
|Bank Process Manager||168,000 KES|
|Bank Product Manager||165,000 KES|
|Bank Programme Manager||200,000 KES|
|Bank Project Manager||214,000 KES|
|Bank Propositions Manager||199,000 KES|
|Bank Quantitative Analyst||166,000 KES|
|Bank Regional Manager||246,000 KES|
|Bank Regional Risk Officer||153,000 KES|
|Bank Relationship Manager||200,000 KES|
|Bank Relationship Officer||150,000 KES|
|Banking Business Analyst||171,000 KES|
|Banking Business Development Officer||151,000 KES|
|Banking Business Planning Executive||219,000 KES|
|Banking Product Manager||194,000 KES|
|Banking Reference Data Manager||191,000 KES|
|Banking Risk Analyst||168,000 KES|
|Banking Technical Analyst||144,000 KES|
|Bankruptcy Coordinator||185,000 KES|
|Budget Analyst||160,000 KES|
|Cards Marketing Manager||202,000 KES|
|Cash Management Manager||233,000 KES|
|Check Processing Manager||219,000 KES|
|Commercial Vault Associate||161,000 KES|
|Corporate Dealer||171,000 KES|
|Credit Analyst||186,000 KES|
|Credit and Collections Manager||196,000 KES|
|Credit Card Fraud Investigator||182,000 KES|
|Credit Portfolio Manager||253,000 KES|
|Credit Risk Analyst||210,000 KES|
|Credit Risk Associate||184,000 KES|
|Direct Bank Sales Representative||162,000 KES|
|Financial Bank Planning Consultant||182,000 KES|
|Financial Banking Analysis Manager||210,000 KES|
|Financial Banking Assistant||141,000 KES|
|Financial Banking Systems Manager||197,000 KES|
|Foreign Exchange Manager||202,000 KES|
|Fraud Analyst||175,000 KES|
|Fraud Detection Associate||164,000 KES|
|Fraud Detection Manager||221,000 KES|
|Fraud Detection Supervisor||181,000 KES|
|Internal Bank Audit Manager||226,000 KES|
|Internal Bank Auditor||163,000 KES|
|International Banking Manager||275,000 KES|
|Loan Analyst||166,000 KES|
|Loan Area Manager||189,000 KES|
|Loan Audit Team Leader||193,000 KES|
|Loan Branch Manager||189,000 KES|
|Loan Business Development Officer||158,000 KES|
|Loan Clerk||117,000 KES|
|Loan Collection Manager||179,000 KES|
|Loan Collector||107,000 KES|
|Loan Examiner||132,000 KES|
|Loan Processing Manager||162,000 KES|
|Loan Processor||148,000 KES|
|Loan Quality Assurance Auditor||167,000 KES|
|Loan Quality Assurance Manager||183,000 KES|
|Loan Quality Assurance Representative||144,000 KES|
|Loan Review Manager||177,000 KES|
|Loan Team Leader||175,000 KES|
|Mortgage Advisor||165,000 KES|
|Mortgage Collection Manager||182,000 KES|
|Mortgage Collector||123,000 KES|
|Mortgage Credit Analyst||140,000 KES|
|Mortgage Credit Manager||156,000 KES|
|Mortgage Development Manager||211,000 KES|
|Mortgage Document Reviewer||133,000 KES|
|Mortgage Funding Manager||209,000 KES|
|Mortgage Operations Manager||215,000 KES|
|Mortgage Payment Processing Clerk||122,000 KES|
|Mortgage Processing Manager||187,000 KES|
|Mortgage Processor||132,000 KES|
|Mortgage Quality Assurance Auditor||172,000 KES|
|Mortgage Quality Assurance Manager||177,000 KES|
|Mortgage Servicing Clerk||102,000 KES|
|Mortgage Servicing Manager||175,000 KES|
|Mortgage Underwriter||121,000 KES|
|Online Banking Manager||226,000 KES|
|Payment Processing Clerk||109,000 KES|
|Personal Banker||170,000 KES|
|Personal Banking Advisor||174,000 KES|
|Phone Banker||144,000 KES|
|Private Banker||171,000 KES|
|Reconciliation and Investigation Specialist||156,000 KES|
|Trade Officer||126,000 KES|
|Trade Product Manager||184,000 KES|
|Treasury Operations Officer||165,000 KES|
Banking salaries in Mombasa range from 103,000 KES per month (minimum average salary) to 337,000 KES per month (maximum average salary, actual maximum is higher).
The median salary is 197,000 KES per month, which means that half (50%) of people working in Banking are earning less than 197,000 KES while the other half are earning more than 197,000 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 135,000 KES while 75% of them are earning more than 135,000 KES. Also from the diagram, 75% of people working in Banking are earning less than 289,000 KES while 25% are earning more than 289,000 KES.
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 Kenya costs anywhere from 740,000 Kenyan Shilling(s) to 2,220,000 Kenyan Shilling(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 earn 13% more than their female counterparts.
Where can you get paid more, working for a private company or for the government? Public sector employees in Kenya earn 14% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+2%|
|Average Salary 2019||+3%|
Banking salaries in Kenya are rising in the year 2020 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 continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.
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 13% more than that of All Jobs.