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Bank Branch Manager Average Salary in Austria 2020

How much money does a Bank Branch Manager make in Austria?


Average Monthly Salary
7,070 EUR
( 84,900 EUR yearly)

LOW
3,610
EUR
AVERAGE
7,070
EUR
HIGH
10,900
EUR

A person working as a Bank Branch Manager in Austria typically earns around 7,070 EUR per month. Salaries range from 3,610 EUR (lowest) to 10,900 EUR (highest).

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

Bank Branch Manager Salary Distribution in Austria

Median and salary distribution monthly Austria Bank Branch Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Bank Branch Manager salaries in Austria range from 3,610 EUR per month (minimum salary) to 10,900 EUR per month (maximum salary).

  • Median Salary

    The median salary is 6,930 EUR per month, which means that half (50%) of people working as Bank Branch Manager(s) are earning less than 6,930 EUR while the other half are earning more than 6,930 EUR. 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 Bank Branch Manager(s) are earning less than 4,740 EUR while 75% of them are earning more than 4,740 EUR. Also from the diagram, 75% of Bank Branch Manager(s) are earning less than 8,730 EUR while 25% are earning more than 8,730 EUR.


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

Bank Branch Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Austria Bank Branch 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 your wage. We broke down Bank Branch Manager salaries by experience level and this is what we found.

A Bank Branch Manager with less than two years of experience makes approximately 4,040 EUR per month.

While someone with an experience level between two and five years is expected to earn 5,280 EUR per month, 31% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 7,400 EUR per month, 40% more than someone with two to five 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.

Additionally, Bank Branch Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 8,890 EUR per month, 20% 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 9,650 EUR per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 10,400 EUR per month, 8% more than people with fifteen to twenty years of experience.


Bank Branch Manager average salary change by experience in Austria

0 - 2 Years
4,040 EUR
2 - 5 Years+31%
5,280 EUR
5 - 10 Years+40%
7,400 EUR
10 - 15 Years+20%
8,890 EUR
15 - 20 Years+9%
9,650 EUR
20+ Years+8%
10,400 EUR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Bank Branch Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Bank Branch Manager(s) who have the same experience but different education levels.

Salary comparison by education level monthly Austria Bank Branch 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 Bank Branch Manager salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of a Bank Branch Manager is 4,990 EUR per month.

While someone with a Master's Degree gets a salary of 8,850 EUR per month, 77% more than someone having a Bachelor's Degree degree.


Bank Branch Manager average salary difference by education level in Austria

Bachelor's Degree
4,990 EUR
Master's Degree+77%
8,850 EUR
Percentage increase and decrease are relative to the previous value

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 Austria costs anywhere from 18,900 Euro(s) to 56,800 Euro(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 the thoery. 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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Bank Branch Manager Salary Comparison By Gender

Salary comparison by gender monthly Austria Bank Branch Manager
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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? Male Bank Branch Manager employees in Austria earn 5% more than their female counterparts on average.

Female
6,900 EUR
Male+5%
7,250 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Austria for all Careers

Salary comparison by gender monthly Austria
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Bank Branch Manager Average Annual Salary Increment Percentage in Austria

How much are annual salary increments in Austria for Bank Branch Manager(s)? How often do employees get salary raises?

Bank Branch Manager

Bank Branch Manager(s) in Austria are likely to observe a salary increase of approximately 10% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Austria Bank Branch 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.

Austria / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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 Austria is 2%.

Annual Increment Rate By Industry 2019

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Listed above are the average annual increase rates for each industry in Austria for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Bank Branch Manager Bonus and Incentive Rates in Austria

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Austria Bank Branch Manager
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A Bank Branch Manager is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

37% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 63% 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
63%
No Bonus
37%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Austria
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Where can you get paid more, working for a private company or for the government? Public sector employees in Austria earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
3,640 EUR
Public Sector+7%
3,900 EUR
Percentage increase and decrease are relative to the previous value

Bank Branch Manager Average Hourly Wage in Austria


41 EUR per hour

The average hourly wage (pay per hour) in Austria is 41 EUR. This means that the average Bank Branch Manager in Austria earns approximately 41 EUR 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.

Bank Branch Manager VS Other Jobs

Salary Comparison Between Bank Branch Manager and Banking monthly Austria
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The average salary for Bank Branch Manager is 69% more than that of Banking. Also, Banking salaries are 10% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst6,170 EUR-13%
Assistant Bank Branch Manager5,260 EUR-26%
Assistant Bank Manager7,040 EUR-0%
ATM Manager5,460 EUR-23%
ATM Service Technician1,530 EUR-78%
Bank Accounts Analyst2,380 EUR-66%
Bank Accounts Controller2,910 EUR-59%
Bank Accounts Executive4,380 EUR-38%
Bank Accounts Manager5,150 EUR-27%
Bank Auditing Manager4,990 EUR-29%
Bank Branch Manager7,070 EUR-0%
Bank Clerk1,350 EUR-81%
Bank Compliance Specialist3,760 EUR-47%
Bank Manager8,320 EUR+18%
Bank Operational Risk Manager8,160 EUR+15%
Bank Operations Head8,260 EUR+17%
Bank Operations Officer3,410 EUR-52%
Bank Operations Specialist5,270 EUR-25%
Bank Process Manager4,710 EUR-33%
Bank Product Manager 5,330 EUR-25%
Bank Programme Manager5,740 EUR-19%
Bank Project Manager6,610 EUR-7%
Bank Propositions Manager5,800 EUR-18%
Bank Quantitative Analyst3,960 EUR-44%
Bank Regional Manager8,420 EUR+19%
Bank Regional Risk Officer4,470 EUR-37%
Bank Relationship Manager6,260 EUR-11%
Bank Relationship Officer2,770 EUR-61%
Banker2,810 EUR-60%
Banking Business Analyst4,350 EUR-38%
Banking Business Development Officer2,590 EUR-63%
Banking Business Planning Executive6,080 EUR-14%
Banking Product Manager5,340 EUR-25%
Banking Reference Data Manager4,450 EUR-37%
Banking Risk Analyst4,440 EUR-37%
Banking Technical Analyst2,370 EUR-66%
Bankruptcy Coordinator3,170 EUR-55%
Budget Analyst4,390 EUR-38%
Cards Marketing Manager5,610 EUR-21%
Cash Management Manager7,350 EUR+4%
Check Processing Manager5,510 EUR-22%
Commercial Vault Associate4,370 EUR-38%
Corporate Dealer4,590 EUR-35%
Credit Analyst3,450 EUR-51%
Credit and Collections Manager6,070 EUR-14%
Credit Card Fraud Investigator4,270 EUR-40%
Credit Portfolio Manager8,380 EUR+18%
Credit Risk Analyst4,900 EUR-31%
Credit Risk Associate4,740 EUR-33%
Direct Bank Sales Representative2,970 EUR-58%
Financial Bank Planning Consultant5,680 EUR-20%
Financial Banking Analysis Manager6,340 EUR-10%
Financial Banking Assistant2,080 EUR-71%
Financial Banking Systems Manager6,030 EUR-15%
Foreign Exchange Manager6,540 EUR-8%
Fraud Analyst4,380 EUR-38%
Fraud Detection Associate2,970 EUR-58%
Fraud Detection Manager6,390 EUR-10%
Fraud Detection Supervisor3,640 EUR-49%
Internal Bank Audit Manager7,820 EUR+11%
Internal Bank Auditor4,220 EUR-40%
International Banking Manager9,030 EUR+28%
Loan Analyst4,080 EUR-42%
Loan Area Manager5,450 EUR-23%
Loan Audit Team Leader5,110 EUR-28%
Loan Branch Manager4,640 EUR-34%
Loan Business Development Officer2,540 EUR-64%
Loan Clerk1,510 EUR-79%
Loan Collection Manager5,170 EUR-27%
Loan Collector1,450 EUR-79%
Loan Examiner1,960 EUR-72%
Loan Processing Manager4,430 EUR-37%
Loan Processor1,880 EUR-73%
Loan Quality Assurance Auditor4,280 EUR-39%
Loan Quality Assurance Manager4,830 EUR-32%
Loan Quality Assurance Representative3,270 EUR-54%
Loan Review Manager5,000 EUR-29%
Loan Team Leader4,530 EUR-36%
Mortgage Advisor2,860 EUR-60%
Mortgage Collection Manager4,890 EUR-31%
Mortgage Collector1,380 EUR-80%
Mortgage Credit Analyst2,280 EUR-68%
Mortgage Credit Manager4,860 EUR-31%
Mortgage Development Manager5,650 EUR-20%
Mortgage Document Reviewer1,950 EUR-72%
Mortgage Funding Manager5,310 EUR-25%
Mortgage Operations Manager7,620 EUR+8%
Mortgage Payment Processing Clerk1,700 EUR-76%
Mortgage Processing Manager4,760 EUR-33%
Mortgage Processor1,900 EUR-73%
Mortgage Quality Assurance Auditor4,040 EUR-43%
Mortgage Quality Assurance Manager4,700 EUR-34%
Mortgage Servicing Clerk1,490 EUR-79%
Mortgage Servicing Manager4,790 EUR-32%
Mortgage Underwriter1,780 EUR-75%
Online Banking Manager7,780 EUR+10%
Payment Processing Clerk1,460 EUR-79%
Personal Banker3,090 EUR-56%
Personal Banking Advisor 3,080 EUR-56%
Phone Banker2,060 EUR-71%
Private Banker3,010 EUR-57%
Reconciliation and Investigation Specialist3,450 EUR-51%
Teller1,480 EUR-79%
Trade Officer1,820 EUR-74%
Trade Product Manager4,800 EUR-32%
Trader2,040 EUR-71%
Treasury Operations Officer3,660 EUR-48%

Salary Comparison By City

CityAverage Salary
Dornbirn6,640 EUR
Graz7,220 EUR
Innsbruck7,470 EUR
Klagenfurt7,300 EUR
Linz7,070 EUR
Salzburg7,640 EUR
St. Polten6,810 EUR
Vienna7,380 EUR
Villach7,140 EUR
Wels6,970 EUR
Wiener Neustadt6,480 EUR
0 - 0

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