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Banking Average Salaries in Morocco 2020

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

Average Monthly Salary
27,300 MAD
( 327,000 MAD yearly)


A person working in Banking in Morocco typically earns around 27,300 MAD per month. Salaries range from 15,400 MAD (lowest average) to 50,400 MAD (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 Analyst33,900 MAD
Assistant Bank Branch Manager28,800 MAD
Assistant Bank Manager33,600 MAD
ATM Manager33,100 MAD
ATM Service Technician16,500 MAD
Bank Accounts Analyst23,200 MAD
Bank Accounts Controller25,500 MAD
Bank Accounts Executive26,200 MAD
Bank Accounts Manager29,300 MAD
Bank Auditing Manager29,500 MAD
Bank Branch Manager35,000 MAD
Bank Clerk17,500 MAD
Bank Compliance Specialist23,600 MAD
Bank Manager51,800 MAD
Bank Operational Risk Manager35,600 MAD
Bank Operations Head41,800 MAD
Bank Operations Officer24,100 MAD
Bank Operations Specialist30,300 MAD
Bank Process Manager24,800 MAD
Bank Product Manager 25,900 MAD
Bank Programme Manager30,500 MAD
Bank Project Manager32,500 MAD
Bank Propositions Manager32,400 MAD
Bank Quantitative Analyst24,900 MAD
Bank Regional Manager35,200 MAD
Bank Regional Risk Officer25,100 MAD
Bank Relationship Manager30,400 MAD
Bank Relationship Officer23,400 MAD
Banker23,500 MAD
Banking Business Analyst26,600 MAD
Banking Business Development Officer22,500 MAD
Banking Business Planning Executive33,700 MAD
Banking Product Manager30,200 MAD
Banking Reference Data Manager29,400 MAD
Banking Risk Analyst25,200 MAD
Banking Technical Analyst21,900 MAD
Bankruptcy Coordinator28,400 MAD
Budget Analyst26,000 MAD
Cards Marketing Manager33,100 MAD
Cash Management Manager36,900 MAD
Check Processing Manager33,200 MAD
Commercial Vault Associate26,000 MAD
Corporate Dealer28,400 MAD
Credit Analyst30,500 MAD
Credit and Collections Manager31,000 MAD
Credit Card Fraud Investigator27,600 MAD
Credit Portfolio Manager38,500 MAD
Credit Risk Analyst30,500 MAD
Credit Risk Associate28,700 MAD
Direct Bank Sales Representative23,500 MAD
Financial Bank Planning Consultant29,900 MAD
Financial Banking Analysis Manager31,000 MAD
Financial Banking Assistant22,100 MAD
Financial Banking Systems Manager32,800 MAD
Foreign Exchange Manager32,300 MAD
Fraud Analyst28,200 MAD
Fraud Detection Associate27,900 MAD
Fraud Detection Manager32,700 MAD
Fraud Detection Supervisor26,700 MAD
Internal Bank Audit Manager33,800 MAD
Internal Bank Auditor25,900 MAD
International Banking Manager41,900 MAD
Loan Analyst26,400 MAD
Loan Area Manager28,400 MAD
Loan Audit Team Leader28,900 MAD
Loan Branch Manager30,000 MAD
Loan Business Development Officer24,100 MAD
Loan Clerk18,900 MAD
Loan Collection Manager27,900 MAD
Loan Collector16,900 MAD
Loan Examiner20,100 MAD
Loan Processing Manager26,000 MAD
Loan Processor22,900 MAD
Loan Quality Assurance Auditor27,400 MAD
Loan Quality Assurance Manager28,800 MAD
Loan Quality Assurance Representative24,100 MAD
Loan Review Manager25,700 MAD
Loan Team Leader26,900 MAD
Mortgage Advisor24,300 MAD
Mortgage Collection Manager28,500 MAD
Mortgage Collector18,500 MAD
Mortgage Credit Analyst22,300 MAD
Mortgage Credit Manager26,500 MAD
Mortgage Development Manager31,000 MAD
Mortgage Document Reviewer20,700 MAD
Mortgage Funding Manager31,400 MAD
Mortgage Operations Manager35,300 MAD
Mortgage Payment Processing Clerk17,400 MAD
Mortgage Processing Manager29,700 MAD
Mortgage Processor20,100 MAD
Mortgage Quality Assurance Auditor26,100 MAD
Mortgage Quality Assurance Manager25,800 MAD
Mortgage Servicing Clerk16,400 MAD
Mortgage Servicing Manager27,100 MAD
Mortgage Underwriter18,700 MAD
Online Banking Manager36,600 MAD
Payment Processing Clerk16,900 MAD
Personal Banker26,200 MAD
Personal Banking Advisor 25,300 MAD
Phone Banker21,600 MAD
Private Banker28,200 MAD
Reconciliation and Investigation Specialist24,100 MAD
Teller16,800 MAD
Trade Officer18,000 MAD
Trade Product Manager27,900 MAD
Trader21,000 MAD
Treasury Operations Officer24,600 MAD

Banking Jobs Salary Distribution in Morocco

Median and salary distribution monthly Morocco Banking
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The median, the maximum, the minimum, and the range

  • Salary Range

    Banking salaries in Morocco range from 15,400 MAD per month (minimum average salary) to 50,400 MAD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 28,900 MAD per month, which means that half (50%) of people working in Banking are earning less than 28,900 MAD while the other half are earning more than 28,900 MAD. 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 19,900 MAD while 75% of them are earning more than 19,900 MAD. Also from the diagram, 75% of people working in Banking are earning less than 42,000 MAD while 25% are earning more than 42,000 MAD.

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
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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.

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
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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 Morocco costs anywhere from 121,000 Moroccan Dirham(s) to 362,000 Moroccan Dirham(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 Morocco Banking
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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 employees earn 22% more than their female counterparts.

24,900 MAD
30,400 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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Banking Average Annual Salary Increment Percentage in Morocco

How much are annual salary increments in Morocco for Banking professionals? How often do employees get salary raises?


Banking professionals in Morocco are likely to observe a salary increase of approximately 11% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Morocco Banking
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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 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 Morocco is 6%.

Annual Increment Rate By Industry 2019

Information Technology

Listed above are the average annual increase rates for each industry in Morocco 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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Banking Bonus and Incentive Rates in Morocco

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Morocco Banking
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Banking is considered to be a high bonus-based field 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.

20% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 80% 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
No Bonus

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.

A graphics designer working for a graphics designing company.

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 Morocco
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Where can you get paid more, working for a private company or for the government? Public sector employees in Morocco earn 8% more than their private sector counterparts.

Private Sector
23,000 MAD
Public Sector+8%
24,900 MAD
Percentage increase and decrease are relative to the previous value

Banking Salary Forecast and Trend in Morocco

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 Morocco Banking
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Average Salary 2016
24,000 MAD
Average Salary 2017+4%
24,900 MAD
Average Salary 2018+3%
25,700 MAD
Average Salary 2019+3%
26,500 MAD
Percentage increase and decrease are relative to the previous value

Banking salaries in Morocco 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 Morocco

160 MAD per hour

The average hourly wage (pay per hour) in Morocco is 160 MAD. This means that the average person in Morocco earns approximately 160 MAD 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 Morocco
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The average salary for Banking is 13% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Agadir24,100 MAD
Casablanca29,700 MAD
Marrakech27,700 MAD
Rabat26,300 MAD
Tangier29,200 MAD
25375 - 4

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