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Online Banking Manager Average Salary in Australia 2024

How much money does a person working as Online Banking Manager make in Australia?


Average Yearly Salary
183,000 AUD
( 15,300 AUD monthly)

LOW
97,000
AUD
AVERAGE
183,000
AUD
HIGH
278,000
AUD
All salary figures displayed here are per year except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Online Banking Manager in Australia typically earns around 183,000 AUD. Salaries range from 97,000 AUD (lowest) to 278,000 AUD (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Online Banking Manager salaries in Australia vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Online Banking Manager Pay Scale and Salaries in Australia

Median and salary distribution Australia Online Banking Manager yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
164,000 AUD or more
10% of people earn
147,000 to 164,000 AUD
20% of people earn
108,000 AUD or less
65% of people earn
108,000 to 147,000 AUD
Minimum Salary
97,000 AUD
Median
165,000 AUD
Maximum
278,000 AUD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per year except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Online Banking Manager in Australia range from 97,000 AUD (starting salary) to 278,000 AUD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 165,000 AUD, half of the professionals who work as Online Banking Manager in Australia earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Online Banking Manager in Australia earn less than 137,000 AUD, while 75% earn more. Similarly, the chart shows that 75% earn less than 187,000 AUD while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Online Banking Manager in Australia compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 108,000 AUD to 147,000 AUD. About 20% of salaries are below the 108,000 AUD mark, while 10% fall within the range of 147,000 AUD to 164,000 AUD. Only 5% of individuals have salaries exceeding 164,000 AUD.

Salary Comparison by Years of Experience / Online Banking Manager / Australia

How do experience and age affect pay?

0 - 2 Years
112,000 AUD
2 - 5 Years+23%
137,000 AUD
5 - 10 Years+42%
194,000 AUD
10 - 15 Years+17%
227,000 AUD
15 - 20 Years+10%
249,000 AUD
20+ Years+6%
264,000 AUD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience yearly Australia Online Banking Manager
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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. We broke down salaries by experience level for people working as Online Banking Manager and this is what we found.


All salary figures displayed here are per year except when noted otherwise.

Employees with less than two years of experience earn approximately 112,000 AUD.

While someone with an experience level between two and five years is expected to earn 137,000 AUD, 23% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 194,000 AUD, 42% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 227,000 AUD, 17% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 249,000 AUD, 10% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 264,000 AUD, 6% more than people with fifteen to twenty years of experience.

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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Online Banking Manager / Australia

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Online Banking Manager.

Bachelor's Degree
126,000 AUD
Master's Degree+93%
244,000 AUD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level yearly Australia Online Banking Manager
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Online Banking Manager in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 126,000 AUD.


Level 2: Master's Degree

At this level, the average salary becomes 244,000 AUD, 93% more than the previous level.



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 Australia costs anywhere from 38,000 AUD to 114,000 AUD 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 to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Online Banking Manager / Australia

Salary comparison by gender Australia Online Banking Manager yearly
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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? For the people who work as Online Banking Manager in Australia, the average difference between the salary of male and female employees is 6%.

Male
188,000 AUD
Female-5%
177,000 AUD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Australia for all Careers

Salary comparison by gender yearly Australia
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Average Annual Salary Increment Percentage / Online Banking Manager / Australia

How much are annual salary increments in Australia for individuals working as Online Banking Manager? How often do employees get salary raises?

Individuals working as Online Banking Manager in Australia are likely to observe a salary increase of approximately 13% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate Australia Online Banking Manager
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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.

Australia / All Professions

Annual Salary Increment Rate Australia
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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 Australia is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Online Banking Manager / Australia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Australia Online Banking Manager
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19% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 81% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
81%
No Bonus
19%

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.

Example:
A graphics designer working for a graphics designing company.

Example:
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.

Average Hourly Wage / Online Banking Manager / Australia


88 AUD per hour

The average hourly wage (pay per hour) for individuals working as Online Banking Manager in Australia is 88 AUD.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Online Banking Manager in Australia is 47 AUD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Banking-100%
AML Analyst149,000 AUD-19%
Assistant Bank Branch Manager126,000 AUD-31%
Assistant Bank Manager170,000 AUD-7%
ATM Manager132,000 AUD-28%
ATM Service Technician36,800 AUD-80%
Bank Accounts Analyst55,500 AUD-70%
Bank Accounts Collector32,800 AUD-82%
Bank Accounts Controller70,700 AUD-61%
Bank Accounts Executive106,000 AUD-42%
Bank Accounts Manager125,000 AUD-32%
Bank Auditing Manager120,000 AUD-34%
Bank Branch Manager170,000 AUD-7%
Bank Branch Operations Coordinator75,900 AUD-59%
Bank Clerk32,300 AUD-82%
Bank Client Service Associate44,600 AUD-76%
Bank Collector32,300 AUD-82%
Bank Compliance Specialist89,700 AUD-51%
Bank Manager206,000 AUD+13%
Bank Operational Risk Manager203,000 AUD+11%
Bank Operations Head205,000 AUD+12%
Bank Operations Officer75,800 AUD-59%
Bank Operations Specialist118,000 AUD-36%
Bank Process Manager107,000 AUD-42%
Bank Product Manager 132,000 AUD-28%
Bank Programme Manager138,000 AUD-25%
Bank Project Manager155,000 AUD-15%
Bank Propositions Manager148,000 AUD-19%
Bank Quantitative Analyst97,100 AUD-47%
Bank Regional Manager197,000 AUD+8%
Bank Regional Risk Officer107,000 AUD-42%
Bank Relationship Manager146,000 AUD-20%
Bank Relationship Officer65,400 AUD-64%
Bank Sustainability Analyst121,000 AUD-34%
Bank Teller34,200 AUD-81%
Banker69,800 AUD-62%
Banking Business Analyst104,000 AUD-43%
Banking Business Development Officer62,200 AUD-66%
Banking Business Planning Executive144,000 AUD-21%
Banking Data Analyst114,000 AUD-38%
Banking Product Manager133,000 AUD-27%
Banking Reference Data Manager108,000 AUD-41%
Banking Regulatory Compliance Officer118,000 AUD-36%
Banking Risk Analyst101,000 AUD-45%
Banking Technical Analyst54,500 AUD-70%
Bankruptcy Coordinator71,000 AUD-61%
Bill and Account Collector37,900 AUD-79%
Blockchain Analyst86,100 AUD-53%
Blockchain Architect101,000 AUD-45%
Blockchain Auditor91,000 AUD-50%
Blockchain Compliance Analyst95,100 AUD-48%
Blockchain Consultant101,000 AUD-45%
Blockchain Trade Facilitator84,600 AUD-54%
Budget Analyst106,000 AUD-42%
Capital Risk Manager190,000 AUD+4%
Cards Marketing Manager131,000 AUD-28%
Cash Management Manager176,000 AUD-4%
Check Processing Manager132,000 AUD-28%
Chief Blockchain Officer118,000 AUD-36%
Commercial Vault Associate103,000 AUD-44%
Corporate Banker72,600 AUD-60%
Corporate Dealer109,000 AUD-40%
Credit Analyst82,200 AUD-55%
Credit and Collections Manager145,000 AUD-21%
Credit Card Fraud Investigator102,000 AUD-44%
Credit Portfolio Manager189,000 AUD+3%
Credit Risk Analyst112,000 AUD-39%
Credit Risk Associate107,000 AUD-42%
Cryptocurrency Accountant62,800 AUD-66%
Cryptocurrency Adviser124,000 AUD-32%
Cryptocurrency Analyst93,800 AUD-49%
Cryptocurrency Compliance Manager118,000 AUD-36%
Cryptocurrency Trader107,000 AUD-42%
Digital Banking Manager139,000 AUD-24%
Digital Currency Analyst98,500 AUD-46%
Direct Bank Sales Representative70,600 AUD-61%
Exchange Control Consultant113,000 AUD-38%
Executive Account Analyst98,900 AUD-46%
Financial Bank Planning Consultant136,000 AUD-26%
Financial Banking Analysis Manager150,000 AUD-18%
Financial Banking Assistant49,400 AUD-73%
Financial Banking Systems Manager143,000 AUD-22%
Foreign Exchange Manager155,000 AUD-15%
Fraud Analyst109,000 AUD-40%
Fraud Detection Associate77,700 AUD-58%
Fraud Detection Manager158,000 AUD-14%
Fraud Detection Supervisor86,000 AUD-53%
Internal Bank Audit Manager184,000 AUD+1%
Internal Bank Auditor99,300 AUD-46%
Internal Private Banker76,700 AUD-58%
International Banking Manager213,000 AUD+16%
Investment Banking Analyst144,000 AUD-21%
Loan Analyst102,000 AUD-44%
Loan Area Manager124,000 AUD-32%
Loan Audit Team Leader116,000 AUD-37%
Loan Branch Manager116,000 AUD-37%
Loan Business Development Officer63,500 AUD-65%
Loan Clerk37,600 AUD-79%
Loan Collection and Recovery Manager118,000 AUD-36%
Loan Collection Manager129,000 AUD-30%
Loan Collector32,600 AUD-82%
Loan Examiner44,100 AUD-76%
Loan Officer40,700 AUD-78%
Loan Processing Manager110,000 AUD-40%
Loan Processor46,700 AUD-74%
Loan Quality Assurance Auditor106,000 AUD-42%
Loan Quality Assurance Manager120,000 AUD-34%
Loan Quality Assurance Representative80,800 AUD-56%
Loan Review Manager112,000 AUD-39%
Loan Team Leader101,000 AUD-45%
Loans Manager139,000 AUD-24%
Mortgage Advisor70,600 AUD-61%
Mortgage Collection Manager121,000 AUD-34%
Mortgage Collector34,100 AUD-81%
Mortgage Credit Analyst56,100 AUD-69%
Mortgage Credit Manager119,000 AUD-35%
Mortgage Development Manager125,000 AUD-32%
Mortgage Document Reviewer43,300 AUD-76%
Mortgage Funding Manager130,000 AUD-29%
Mortgage Operations Manager186,000 AUD+2%
Mortgage Payment Processing Clerk37,500 AUD-80%
Mortgage Processing Manager117,000 AUD-36%
Mortgage Processor46,500 AUD-75%
Mortgage Quality Assurance Auditor98,500 AUD-46%
Mortgage Quality Assurance Manager114,000 AUD-38%
Mortgage Servicing Clerk36,400 AUD-80%
Mortgage Servicing Manager117,000 AUD-36%
Mortgage Underwriter43,200 AUD-76%
Online Banking Manager183,000 AUD-0%
Open Banking Strategist104,000 AUD-43%
Payment Processing Clerk37,800 AUD-79%
Personal Banker71,800 AUD-61%
Personal Banking Advisor 73,300 AUD-60%
Phone Banker48,600 AUD-73%
Private Banker78,000 AUD-57%
Reconciliation and Investigation Specialist83,700 AUD-54%
Tax Officer62,600 AUD-66%
Teller34,700 AUD-81%
Trade Officer40,200 AUD-78%
Trade Product Manager117,000 AUD-36%
Trader49,600 AUD-73%
Treasury Operations Officer87,800 AUD-52%
Wealth Management Advisor149,000 AUD-19%

Salary Comparison By City

CityAverage Salary
Melbourne193,000 AUD
Sydney192,000 AUD

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Australia is 5% on average across all career fields.

Private Sector
89,000 AUD
Public Sector+5%
93,400 AUD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Online Banking Manager in Australia?

A good and competitive compensation would range anywhere between 165,000 AUD and 187,000 AUD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Online Banking Manager in Australia ranges from 97,000 AUD to 137,000 AUD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


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