HOME COMPARE YOUR SALARY COST OF LIVING CALCULATOR
Home
Compare Your Salary
Average Salaries
Best Paying Jobs
Salary Increase Letter
Career Articles
Cost of Living Calculator

Banking Average Salaries in Mombasa 2020

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


Average Monthly Salary
182,000 KES
( 2,190,000 KES yearly)

LOW
103,000
KES
AVERAGE
182,000
KES
HIGH
337,000
KES

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.

Salaries for specific jobs

Job TitleAverage Salary
AML Analyst204,000 KES
Assistant Bank Branch Manager189,000 KES
Assistant Bank Manager210,000 KES
ATM Manager215,000 KES
ATM Service Technician112,000 KES
Bank Accounts Analyst142,000 KES
Bank Accounts Controller156,000 KES
Bank Accounts Executive167,000 KES
Bank Accounts Manager176,000 KES
Bank Auditing Manager188,000 KES
Bank Branch Manager220,000 KES
Bank Clerk109,000 KES
Bank Compliance Specialist153,000 KES
Bank Manager310,000 KES
Bank Operational Risk Manager229,000 KES
Bank Operations Head255,000 KES
Bank Operations Officer155,000 KES
Bank Operations Specialist209,000 KES
Bank Process Manager168,000 KES
Bank Product Manager 165,000 KES
Bank Programme Manager200,000 KES
Bank Project Manager214,000 KES
Bank Propositions Manager199,000 KES
Bank Quantitative Analyst166,000 KES
Bank Regional Manager246,000 KES
Bank Regional Risk Officer153,000 KES
Bank Relationship Manager200,000 KES
Bank Relationship Officer150,000 KES
Banker146,000 KES
Banking Business Analyst171,000 KES
Banking Business Development Officer151,000 KES
Banking Business Planning Executive219,000 KES
Banking Product Manager194,000 KES
Banking Reference Data Manager191,000 KES
Banking Risk Analyst168,000 KES
Banking Technical Analyst144,000 KES
Bankruptcy Coordinator185,000 KES
Budget Analyst160,000 KES
Cards Marketing Manager202,000 KES
Cash Management Manager233,000 KES
Check Processing Manager219,000 KES
Commercial Vault Associate161,000 KES
Corporate Dealer171,000 KES
Credit Analyst186,000 KES
Credit and Collections Manager196,000 KES
Credit Card Fraud Investigator182,000 KES
Credit Portfolio Manager253,000 KES
Credit Risk Analyst210,000 KES
Credit Risk Associate184,000 KES
Direct Bank Sales Representative162,000 KES
Financial Bank Planning Consultant182,000 KES
Financial Banking Analysis Manager210,000 KES
Financial Banking Assistant141,000 KES
Financial Banking Systems Manager197,000 KES
Foreign Exchange Manager202,000 KES
Fraud Analyst175,000 KES
Fraud Detection Associate164,000 KES
Fraud Detection Manager221,000 KES
Fraud Detection Supervisor181,000 KES
Internal Bank Audit Manager226,000 KES
Internal Bank Auditor163,000 KES
International Banking Manager275,000 KES
Loan Analyst166,000 KES
Loan Area Manager189,000 KES
Loan Audit Team Leader193,000 KES
Loan Branch Manager189,000 KES
Loan Business Development Officer158,000 KES
Loan Clerk117,000 KES
Loan Collection Manager179,000 KES
Loan Collector107,000 KES
Loan Examiner132,000 KES
Loan Processing Manager162,000 KES
Loan Processor148,000 KES
Loan Quality Assurance Auditor167,000 KES
Loan Quality Assurance Manager183,000 KES
Loan Quality Assurance Representative144,000 KES
Loan Review Manager177,000 KES
Loan Team Leader175,000 KES
Mortgage Advisor165,000 KES
Mortgage Collection Manager182,000 KES
Mortgage Collector123,000 KES
Mortgage Credit Analyst140,000 KES
Mortgage Credit Manager156,000 KES
Mortgage Development Manager211,000 KES
Mortgage Document Reviewer133,000 KES
Mortgage Funding Manager209,000 KES
Mortgage Operations Manager215,000 KES
Mortgage Payment Processing Clerk122,000 KES
Mortgage Processing Manager187,000 KES
Mortgage Processor132,000 KES
Mortgage Quality Assurance Auditor172,000 KES
Mortgage Quality Assurance Manager177,000 KES
Mortgage Servicing Clerk102,000 KES
Mortgage Servicing Manager175,000 KES
Mortgage Underwriter121,000 KES
Online Banking Manager226,000 KES
Payment Processing Clerk109,000 KES
Personal Banker170,000 KES
Personal Banking Advisor 174,000 KES
Phone Banker144,000 KES
Private Banker171,000 KES
Reconciliation and Investigation Specialist156,000 KES
Teller105,000 KES
Trade Officer126,000 KES
Trade Product Manager184,000 KES
Trader144,000 KES
Treasury Operations Officer165,000 KES

Banking Jobs Salary Distribution in Mombasa

Median and salary distribution monthly Mombasa Banking
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/kenya/mombasa/banking/median-and-salary-distribution-monthly-mombasa-banking.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    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).

  • Median Salary

    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.

  • 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 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.


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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

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 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.

Banking Salary Comparison By Gender

Salary comparison by gender monthly Kenya Banking
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/kenya/banking/salary-comparison-by-gender-monthly-kenya-banking.jpg

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.

Female
159,000 KES
Male+13%
181,000 KES
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Kenya for all Careers

Salary comparison by gender monthly Kenya
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/kenya/salary-comparison-by-gender-monthly-kenya.jpg

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Kenya
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/kenya/public-vs-private-sector-salaries-monthly-kenya.jpg

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.

Private Sector
141,000 KES
Public Sector+14%
160,000 KES
Percentage increase and decrease are relative to the previous value

Banking Salary Forecast and Trend in Kenya

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 Kenya Banking
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/kenya/banking/salary-trends-and-forecast-monthly-kenya-banking.jpg
Average Salary 2016
149,000 KES
Average Salary 2017+4%
154,000 KES
Average Salary 2018+2%
157,000 KES
Average Salary 2019+3%
161,000 KES
Percentage increase and decrease are relative to the previous value

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.

Banking Hourly Average Wage in Mombasa


1,050 KES per hour

The average hourly wage (pay per hour) in Mombasa is 1,050 KES. This means that the average person in Mombasa earns approximately 1,050 KES 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 Mombasa
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/kenya/mombasa/banking/salary-comparison-between-banking-and-banking-monthly-mombasa.jpg

The average salary for Banking is 13% more than that of All Jobs.

Mombasa VS Kenya

Salary Comparison Between Mombasa and Kenya monthly Banking
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/kenya/mombasa/banking/salary-comparison-between-mombasa-and-kenya-monthly-banking.jpg
We compared Banking salaries in Mombasa and Kenya and we found that Mombasa salaries are 9% more than those of Kenya.

Salary Comparison By City

CityAverage Salary
Kisumu162,000 KES
Mombasa182,000 KES
Nairobi199,000 KES
77500 - 2

Cost of Living Calculator

Salary Calculator

Salary Increase Letters

Cost of Living Comparison

Career Articles

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2018