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Banking Average Salaries in Nairobi 2019

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

199,487 KES per month
Average Monthly Salary
A person working in Banking in Nairobi typically earns around 199,487 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 Analyst236,395 KES
Assistant Bank Branch Manager203,791 KES
Assistant Bank Manager244,965 KES
ATM Manager228,036 KES
ATM Service Technician119,283 KES
Bank Accounts Analyst156,013 KES
Bank Accounts Controller179,283 KES
Bank Accounts Executive192,936 KES
Bank Accounts Manager204,160 KES
Bank Auditing Manager201,163 KES
Bank Branch Manager236,232 KES
Bank Clerk120,471 KES
Bank Compliance Specialist169,676 KES
Bank Manager364,624 KES
Bank Operational Risk Manager260,812 KES
Bank Operations Head296,786 KES
Bank Operations Officer170,383 KES
Bank Operations Specialist223,234 KES
Bank Process Manager169,189 KES
Bank Product Manager 192,565 KES
Bank Programme Manager215,897 KES
Bank Project Manager232,865 KES
Bank Propositions Manager229,003 KES
Bank Quantitative Analyst184,071 KES
Bank Regional Manager267,238 KES
Bank Regional Risk Officer170,225 KES
Bank Relationship Manager217,919 KES
Bank Relationship Officer157,927 KES
Banker152,858 KES
Banking Business Analyst186,124 KES
Banking Business Development Officer164,897 KES
Banking Business Planning Executive224,101 KES
Banking Product Manager221,154 KES
Banking Reference Data Manager202,699 KES
Banking Risk Analyst188,048 KES
Banking Technical Analyst151,949 KES
Bankruptcy Coordinator198,076 KES
Budget Analyst173,903 KES
Cards Marketing Manager222,588 KES
Cash Management Manager255,983 KES
Check Processing Manager240,957 KES
Commercial Vault Associate172,271 KES
Corporate Dealer195,926 KES
Credit Analyst207,593 KES
Credit and Collections Manager220,134 KES
Credit Card Fraud Investigator185,495 KES
Credit Portfolio Manager263,912 KES
Credit Risk Analyst227,048 KES
Credit Risk Associate204,933 KES
Direct Bank Sales Representative165,610 KES
Financial Bank Planning Consultant203,457 KES
Financial Banking Analysis Manager216,054 KES
Financial Banking Assistant160,729 KES
Financial Banking Systems Manager226,079 KES
Foreign Exchange Manager232,638 KES
Fraud Analyst183,029 KES
Fraud Detection Associate190,405 KES
Fraud Detection Manager238,091 KES
Fraud Detection Supervisor190,805 KES
Internal Bank Audit Manager238,891 KES
Internal Bank Auditor173,441 KES
International Banking Manager293,156 KES
Loan Analyst186,416 KES
Loan Area Manager211,833 KES
Loan Audit Team Leader216,138 KES
Loan Branch Manager212,128 KES
Loan Business Development Officer178,412 KES
Loan Clerk132,627 KES
Loan Collection Manager204,479 KES
Loan Collector110,641 KES
Loan Examiner138,059 KES
Loan Processing Manager168,957 KES
Loan Processor155,426 KES
Loan Quality Assurance Auditor194,235 KES
Loan Quality Assurance Manager214,192 KES
Loan Quality Assurance Representative169,430 KES
Loan Review Manager189,226 KES
Loan Team Leader187,556 KES
Mortgage Advisor177,516 KES
Mortgage Collection Manager196,635 KES
Mortgage Collector133,323 KES
Mortgage Credit Analyst152,418 KES
Mortgage Credit Manager171,138 KES
Mortgage Development Manager209,446 KES
Mortgage Document Reviewer146,346 KES
Mortgage Funding Manager231,732 KES
Mortgage Operations Manager242,406 KES
Mortgage Payment Processing Clerk125,230 KES
Mortgage Processing Manager208,239 KES
Mortgage Processor146,840 KES
Mortgage Quality Assurance Auditor176,986 KES
Mortgage Quality Assurance Manager183,408 KES
Mortgage Servicing Clerk113,905 KES
Mortgage Servicing Manager196,508 KES
Mortgage Underwriter125,799 KES
Online Banking Manager242,362 KES
Payment Processing Clerk117,082 KES
Personal Banker172,450 KES
Personal Banking Advisor 177,728 KES
Phone Banker152,399 KES
Private Banker204,345 KES
Reconciliation and Investigation Specialist161,741 KES
Teller114,356 KES
Trade Officer129,344 KES
Trade Product Manager189,192 KES
Trader149,160 KES
Treasury Operations Officer180,103 KES

Banking Jobs Salary Distribution in Nairobi

Median and salary distribution monthly Nairobi Banking

Abount These Figures: Salary Range, Median and Percentiles

The Banking salaries in Nairobi range between 112,821 KES per month (minimum salary) to 368,876 KES per month (maximum salary).

The median salary is 203,476 KES per month, which means that half (50%) of people working in Banking are earning less than 203,476 KES while the other half are earning more than 203,476 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 142,334 KES while 75% of them are earning more than 142,334 KES. Also from the diagram, 75% of people working in Banking are earning less than 297,623 KES while 25% are earning more than 297,623 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 Nairobi

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 Nairobi Banking
Average Salary 2016    =  
182,034 KES
Average Salary 2017    +4%  
188,769 KES
Average Salary 2018    +3%  
194,621 KES
Average Salary 2019    +3%  
199,487 KES
Percentage increase and decrease are relative to the previous value
Banking salaries in Nairobi are rising in the year 2019 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 continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.

Banking Hourly Average Wage in Nairobi

1,151 KES per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Nairobi for Banking is 1,151 KES. This means that the average person in Nairobi earns approximatly 1,151 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 NairobiWe compared Nairobi salaries for Banking and All Jobs and we found that Banking salaries are 13% more than those of All Jobs.

Nairobi VS Kenya

Salary Comparison Between Nairobi and Kenya monthly BankingWe compared Banking salaries in Nairobi and Kenya and we found that Nairobi salaries are 19% more than those of Kenya.

Salary Comparison By City

CityAverage Salary
Kisumu162,335 KES
Mombasa182,461 KES
Nairobi199,487 KES
132762 - 51
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