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Banking Average Salaries in Netherlands 2020

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


Average Monthly Salary
11,700 EUR
( 141,000 EUR yearly)

LOW
6,780
EUR
AVERAGE
11,700
EUR
HIGH
21,500
EUR

A person working in Banking in Netherlands typically earns around 11,700 EUR per month. Salaries range from 6,780 EUR (lowest average) to 21,500 EUR (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 Analyst13,700 EUR
Assistant Bank Branch Manager13,400 EUR
Assistant Bank Manager15,100 EUR
ATM Manager13,500 EUR
ATM Service Technician7,670 EUR
Bank Accounts Analyst9,680 EUR
Bank Accounts Controller10,300 EUR
Bank Accounts Executive11,700 EUR
Bank Accounts Manager11,900 EUR
Bank Auditing Manager12,200 EUR
Bank Branch Manager14,600 EUR
Bank Clerk7,080 EUR
Bank Compliance Specialist10,500 EUR
Bank Manager22,200 EUR
Bank Operational Risk Manager16,200 EUR
Bank Operations Head17,800 EUR
Bank Operations Officer10,100 EUR
Bank Operations Specialist13,200 EUR
Bank Process Manager11,000 EUR
Bank Product Manager 11,200 EUR
Bank Programme Manager14,200 EUR
Bank Project Manager13,100 EUR
Bank Propositions Manager14,200 EUR
Bank Quantitative Analyst10,400 EUR
Bank Regional Manager15,700 EUR
Bank Regional Risk Officer10,100 EUR
Bank Relationship Manager12,300 EUR
Bank Relationship Officer10,100 EUR
Banker10,000 EUR
Banking Business Analyst11,400 EUR
Banking Business Development Officer9,760 EUR
Banking Business Planning Executive13,800 EUR
Banking Product Manager13,800 EUR
Banking Reference Data Manager12,100 EUR
Banking Risk Analyst11,300 EUR
Banking Technical Analyst9,950 EUR
Bankruptcy Coordinator12,500 EUR
Budget Analyst11,100 EUR
Cards Marketing Manager13,700 EUR
Cash Management Manager14,400 EUR
Check Processing Manager14,400 EUR
Commercial Vault Associate11,400 EUR
Corporate Dealer11,900 EUR
Credit Analyst12,200 EUR
Credit and Collections Manager13,800 EUR
Credit Card Fraud Investigator11,200 EUR
Credit Portfolio Manager16,100 EUR
Credit Risk Analyst14,200 EUR
Credit Risk Associate11,500 EUR
Direct Bank Sales Representative10,700 EUR
Financial Bank Planning Consultant12,000 EUR
Financial Banking Analysis Manager14,100 EUR
Financial Banking Assistant9,250 EUR
Financial Banking Systems Manager13,700 EUR
Foreign Exchange Manager13,500 EUR
Fraud Analyst12,000 EUR
Fraud Detection Associate11,800 EUR
Fraud Detection Manager14,400 EUR
Fraud Detection Supervisor11,400 EUR
Internal Bank Audit Manager14,500 EUR
Internal Bank Auditor11,300 EUR
International Banking Manager18,100 EUR
Loan Analyst10,700 EUR
Loan Area Manager12,700 EUR
Loan Audit Team Leader12,900 EUR
Loan Branch Manager12,200 EUR
Loan Business Development Officer10,900 EUR
Loan Clerk7,890 EUR
Loan Collection Manager12,800 EUR
Loan Collector7,200 EUR
Loan Examiner8,560 EUR
Loan Processing Manager11,100 EUR
Loan Processor9,810 EUR
Loan Quality Assurance Auditor11,700 EUR
Loan Quality Assurance Manager12,400 EUR
Loan Quality Assurance Representative10,500 EUR
Loan Review Manager11,200 EUR
Loan Team Leader11,800 EUR
Mortgage Advisor10,800 EUR
Mortgage Collection Manager12,700 EUR
Mortgage Collector8,360 EUR
Mortgage Credit Analyst9,140 EUR
Mortgage Credit Manager10,900 EUR
Mortgage Development Manager12,700 EUR
Mortgage Document Reviewer8,680 EUR
Mortgage Funding Manager13,000 EUR
Mortgage Operations Manager15,100 EUR
Mortgage Payment Processing Clerk7,650 EUR
Mortgage Processing Manager12,500 EUR
Mortgage Processor8,540 EUR
Mortgage Quality Assurance Auditor11,400 EUR
Mortgage Quality Assurance Manager11,300 EUR
Mortgage Servicing Clerk7,110 EUR
Mortgage Servicing Manager11,600 EUR
Mortgage Underwriter8,340 EUR
Online Banking Manager16,000 EUR
Payment Processing Clerk7,590 EUR
Personal Banker11,100 EUR
Personal Banking Advisor 11,400 EUR
Phone Banker9,360 EUR
Private Banker12,500 EUR
Reconciliation and Investigation Specialist10,600 EUR
Teller7,030 EUR
Trade Officer7,890 EUR
Trade Product Manager12,100 EUR
Trader9,250 EUR
Treasury Operations Officer10,600 EUR

Banking Jobs Salary Distribution in Netherlands

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

  • Salary Range

    Banking salaries in Netherlands range from 6,780 EUR per month (minimum average salary) to 21,500 EUR per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 11,700 EUR per month, which means that half (50%) of people working in Banking are earning less than 11,700 EUR while the other half are earning more than 11,700 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 people working in Banking are earning less than 8,340 EUR while 75% of them are earning more than 8,340 EUR. Also from the diagram, 75% of people working in Banking are earning less than 16,600 EUR while 25% are earning more than 16,600 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

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 Netherlands costs anywhere from 52,100 Euro(s) to 156,000 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 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 Netherlands 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 4% more than their female counterparts.

Female
11,500 EUR
Male+4%
12,000 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Netherlands for all Careers

Salary comparison by gender monthly Netherlands
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Banking Average Annual Salary Increment Percentage in Netherlands

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

Banking

Banking professionals in Netherlands are likely to observe a salary increase of approximately 11% every 13 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Netherlands 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.

Netherlands / All Professions

Annual Salary Increment Rate Netherlands
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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 Netherlands is 7%.

Annual Increment Rate By Industry 2019

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Listed above are the average annual increase rates for each industry in Netherlands 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 Netherlands

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Netherlands 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.

21% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 79% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 8% of their annual salary.

Received Bonus
79%
No Bonus
21%

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 Netherlands
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Where can you get paid more, working for a private company or for the government? Public sector employees in Netherlands earn 5% more than their private sector counterparts.

Private Sector
10,200 EUR
Public Sector+5%
10,700 EUR
Percentage increase and decrease are relative to the previous value

Banking Salary Forecast and Trend in Netherlands

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 Netherlands Banking
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Average Salary 2016
10,600 EUR
Average Salary 2017+4%
11,000 EUR
Average Salary 2018+2%
11,300 EUR
Average Salary 2019+1%
11,400 EUR
Percentage increase and decrease are relative to the previous value

Banking salaries in Netherlands are rising in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 1% 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 Netherlands


68 EUR per hour

The average hourly wage (pay per hour) in Netherlands is 68 EUR. This means that the average person in Netherlands earns approximately 68 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.

Banking VS Other Jobs

Salary Comparison Between Banking and Banking monthly Netherlands
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The average salary for Banking is 13% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Almere11,600 EUR
Amsterdam12,900 EUR
Breda11,100 EUR
Eindhoven12,000 EUR
Groningen11,400 EUR
Nijmegen10,900 EUR
Rotterdam12,700 EUR
s-Gravenhage12,500 EUR
Tilburg11,800 EUR
Utrecht12,300 EUR
4769 - 10

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