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Bank Relationship Manager Average Salary in Morocco 2024

How much money does a person working as Bank Relationship Manager make in Morocco?


Average Monthly Salary
31,000 MAD
( 372,000 MAD yearly)

LOW
14,300
MAD
AVERAGE
31,000
MAD
HIGH
49,300
MAD
All salary figures displayed here are per month 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 Bank Relationship Manager in Morocco typically earns around 31,000 MAD. Salaries range from 14,300 MAD (lowest) to 49,300 MAD (highest).


Salary Variance

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



Bank Relationship Manager Pay Scale and Salaries in Morocco

Median and salary distribution Morocco Bank Relationship Manager monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
29,400 MAD or more
10% of people earn
25,800 to 29,400 MAD
20% of people earn
17,800 MAD or less
65% of people earn
17,800 to 25,800 MAD
Minimum Salary
14,300 MAD
Median
29,700 MAD
Maximum
49,300 MAD




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

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

    Salaries for the position Bank Relationship Manager in Morocco range from 14,300 MAD (starting salary) to 49,300 MAD (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 29,700 MAD, half of the professionals who work as Bank Relationship Manager in Morocco 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 Bank Relationship Manager in Morocco earn less than 23,900 MAD, while 75% earn more. Similarly, the chart shows that 75% earn less than 34,200 MAD 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 Bank Relationship Manager in Morocco compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 17,800 MAD to 25,800 MAD. About 20% of salaries are below the 17,800 MAD mark, while 10% fall within the range of 25,800 MAD to 29,400 MAD. Only 5% of individuals have salaries exceeding 29,400 MAD.

Salary Comparison by Years of Experience / Bank Relationship Manager / Morocco

How do experience and age affect pay?

0 - 2 Years
16,200 MAD
2 - 5 Years+34%
21,600 MAD
5 - 10 Years+48%
32,000 MAD
10 - 15 Years+22%
39,000 MAD
15 - 20 Years+9%
42,500 MAD
20+ Years+8%
46,000 MAD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Morocco Bank Relationship 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 Bank Relationship Manager and this is what we found.


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

Employees with less than two years of experience earn approximately 16,200 MAD.

While someone with an experience level between two and five years is expected to earn 21,600 MAD, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 32,000 MAD, 48% 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 39,000 MAD, 22% 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 42,500 MAD, 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 46,000 MAD, 8% 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 / Bank Relationship Manager / Morocco

How do education levels affect salaries?

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

Bachelor's Degree
18,800 MAD
Master's Degree+93%
36,400 MAD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Morocco Bank Relationship 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 Bank Relationship Manager in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 18,800 MAD.


Level 2: Master's Degree

At this level, the average salary becomes 36,400 MAD, 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 Morocco costs anywhere from 97,400 MAD to 292,000 MAD 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 / Bank Relationship Manager / Morocco

Salary comparison by gender Morocco Bank Relationship Manager monthly
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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 Bank Relationship Manager in Morocco, the average difference between the salary of male and female employees is 20%.

Male
33,900 MAD
Female-17%
28,200 MAD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Morocco for all Careers

Salary comparison by gender monthly Morocco
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Average Annual Salary Increment Percentage / Bank Relationship Manager / Morocco

How much are annual salary increments in Morocco for individuals working as Bank Relationship Manager? How often do employees get salary raises?

Individuals working as Bank Relationship Manager in Morocco are likely to observe a salary increase of approximately 13% every 17 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Morocco Bank Relationship 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.

Morocco / All Professions

Annual Salary Increment Rate Morocco
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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 Morocco 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 / Bank Relationship Manager / Morocco

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Morocco Bank Relationship Manager
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15% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 85% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
85%
No Bonus
15%

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 / Bank Relationship Manager / Morocco


180 MAD per hour

The average hourly wage (pay per hour) for individuals working as Bank Relationship Manager in Morocco is 180 MAD.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 Bank Relationship Manager in Morocco is 82 MAD. 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 Analyst30,900 MAD-0%
Assistant Bank Branch Manager24,400 MAD-21%
Assistant Bank Manager33,000 MAD+6%
ATM Manager29,200 MAD-6%
ATM Service Technician7,630 MAD-75%
Bank Accounts Analyst11,700 MAD-62%
Bank Accounts Collector6,960 MAD-78%
Bank Accounts Controller15,100 MAD-51%
Bank Accounts Executive21,300 MAD-31%
Bank Accounts Manager25,800 MAD-17%
Bank Auditing Manager25,700 MAD-17%
Bank Branch Manager35,200 MAD+13%
Bank Branch Operations Coordinator15,200 MAD-51%
Bank Clerk6,900 MAD-78%
Bank Client Service Associate9,270 MAD-70%
Bank Collector7,160 MAD-77%
Bank Compliance Specialist17,900 MAD-42%
Bank Manager41,600 MAD+34%
Bank Operational Risk Manager38,500 MAD+24%
Bank Operations Head42,800 MAD+38%
Bank Operations Officer16,900 MAD-46%
Bank Operations Specialist24,600 MAD-21%
Bank Process Manager22,500 MAD-27%
Bank Product Manager 25,800 MAD-17%
Bank Programme Manager26,700 MAD-14%
Bank Project Manager32,800 MAD+6%
Bank Propositions Manager29,200 MAD-6%
Bank Quantitative Analyst20,200 MAD-35%
Bank Regional Manager40,400 MAD+30%
Bank Regional Risk Officer22,000 MAD-29%
Bank Relationship Manager31,000 MAD-0%
Bank Relationship Officer14,400 MAD-54%
Bank Sustainability Analyst24,800 MAD-20%
Bank Teller7,560 MAD-76%
Banker15,100 MAD-51%
Banking Business Analyst21,600 MAD-30%
Banking Business Development Officer13,300 MAD-57%
Banking Business Planning Executive30,800 MAD-1%
Banking Data Analyst24,200 MAD-22%
Banking Product Manager25,200 MAD-19%
Banking Reference Data Manager23,900 MAD-23%
Banking Regulatory Compliance Officer25,900 MAD-17%
Banking Risk Analyst20,400 MAD-34%
Banking Technical Analyst11,100 MAD-64%
Bankruptcy Coordinator15,300 MAD-51%
Bill and Account Collector7,770 MAD-75%
Blockchain Analyst17,600 MAD-43%
Blockchain Architect21,400 MAD-31%
Blockchain Auditor18,000 MAD-42%
Blockchain Compliance Analyst19,400 MAD-37%
Blockchain Consultant19,300 MAD-38%
Blockchain Trade Facilitator17,200 MAD-45%
Budget Analyst21,100 MAD-32%
Capital Risk Manager40,300 MAD+30%
Cards Marketing Manager27,700 MAD-11%
Cash Management Manager38,800 MAD+25%
Check Processing Manager27,200 MAD-12%
Chief Blockchain Officer23,900 MAD-23%
Commercial Vault Associate21,100 MAD-32%
Corporate Banker16,000 MAD-48%
Corporate Dealer23,100 MAD-26%
Credit Analyst17,000 MAD-45%
Credit and Collections Manager27,900 MAD-10%
Credit Card Fraud Investigator22,400 MAD-28%
Credit Portfolio Manager39,500 MAD+27%
Credit Risk Analyst22,800 MAD-27%
Credit Risk Associate23,300 MAD-25%
Cryptocurrency Accountant13,100 MAD-58%
Cryptocurrency Adviser26,700 MAD-14%
Cryptocurrency Analyst18,900 MAD-39%
Cryptocurrency Compliance Manager24,600 MAD-21%
Cryptocurrency Trader20,900 MAD-33%
Digital Banking Manager28,700 MAD-8%
Digital Currency Analyst21,600 MAD-30%
Direct Bank Sales Representative14,500 MAD-53%
Exchange Control Consultant21,600 MAD-30%
Executive Account Analyst20,200 MAD-35%
Financial Bank Planning Consultant28,000 MAD-10%
Financial Banking Analysis Manager29,900 MAD-4%
Financial Banking Assistant10,200 MAD-67%
Financial Banking Systems Manager30,400 MAD-2%
Foreign Exchange Manager30,800 MAD-1%
Fraud Analyst23,500 MAD-24%
Fraud Detection Associate16,000 MAD-48%
Fraud Detection Manager31,800 MAD+2%
Fraud Detection Supervisor18,300 MAD-41%
Internal Bank Audit Manager37,900 MAD+22%
Internal Bank Auditor21,100 MAD-32%
Internal Private Banker14,600 MAD-53%
International Banking Manager42,200 MAD+36%
Investment Banking Analyst29,600 MAD-5%
Loan Analyst21,400 MAD-31%
Loan Area Manager25,100 MAD-19%
Loan Audit Team Leader23,500 MAD-24%
Loan Branch Manager24,400 MAD-21%
Loan Business Development Officer12,400 MAD-60%
Loan Clerk7,620 MAD-75%
Loan Collection and Recovery Manager25,600 MAD-17%
Loan Collection Manager24,400 MAD-21%
Loan Collector7,290 MAD-77%
Loan Examiner9,220 MAD-70%
Loan Officer7,810 MAD-75%
Loan Processing Manager23,800 MAD-23%
Loan Processor9,440 MAD-70%
Loan Quality Assurance Auditor22,200 MAD-28%
Loan Quality Assurance Manager23,400 MAD-25%
Loan Quality Assurance Representative16,300 MAD-47%
Loan Review Manager23,300 MAD-25%
Loan Team Leader21,900 MAD-29%
Loans Manager29,500 MAD-5%
Mortgage Advisor14,200 MAD-54%
Mortgage Collection Manager25,100 MAD-19%
Mortgage Collector6,640 MAD-79%
Mortgage Credit Analyst11,300 MAD-64%
Mortgage Credit Manager24,900 MAD-20%
Mortgage Development Manager27,000 MAD-13%
Mortgage Document Reviewer9,630 MAD-69%
Mortgage Funding Manager27,100 MAD-13%
Mortgage Operations Manager37,300 MAD+20%
Mortgage Payment Processing Clerk7,800 MAD-75%
Mortgage Processing Manager25,100 MAD-19%
Mortgage Processor9,340 MAD-70%
Mortgage Quality Assurance Auditor21,200 MAD-32%
Mortgage Quality Assurance Manager22,900 MAD-26%
Mortgage Servicing Clerk7,560 MAD-76%
Mortgage Servicing Manager22,700 MAD-27%
Mortgage Underwriter8,970 MAD-71%
Online Banking Manager37,600 MAD+21%
Open Banking Strategist22,700 MAD-27%
Payment Processing Clerk7,250 MAD-77%
Personal Banker15,700 MAD-49%
Personal Banking Advisor 15,100 MAD-51%
Phone Banker9,980 MAD-68%
Private Banker15,500 MAD-50%
Reconciliation and Investigation Specialist17,400 MAD-44%
Tax Officer13,200 MAD-57%
Teller7,580 MAD-76%
Trade Officer8,350 MAD-73%
Trade Product Manager25,100 MAD-19%
Trader9,940 MAD-68%
Treasury Operations Officer18,800 MAD-39%
Wealth Management Advisor31,500 MAD+2%

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 Morocco is 8% on average across all career fields.

Private Sector
18,600 MAD
Public Sector+8%
20,100 MAD
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 Bank Relationship Manager in Morocco?

A good and competitive compensation would range anywhere between 29,700 MAD and 34,200 MAD. 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 Bank Relationship Manager in Morocco ranges from 14,300 MAD to 23,900 MAD. 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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