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Banking Average Salaries in New Caledonia 2022

How much money does a person working in Banking make in New Caledonia?


Average Monthly Salary
95,300 XPF
( 1,140,000 XPF yearly)

LOW
30,000
XPF
AVERAGE
95,300
XPF
HIGH
196,000
XPF

A person working in Banking in New Caledonia typically earns around 95,300 XPF per month. Salaries range from 30,000 XPF (lowest average) to 196,000 XPF (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 Analyst129,000 XPF
Assistant Bank Branch Manager119,000 XPF
Assistant Bank Manager153,000 XPF
ATM Manager124,000 XPF
ATM Service Technician36,000 XPF
Bank Accounts Analyst48,700 XPF
Bank Accounts Controller62,100 XPF
Bank Accounts Executive97,300 XPF
Bank Accounts Manager108,000 XPF
Bank Auditing Manager111,000 XPF
Bank Branch Manager154,000 XPF
Bank Clerk28,900 XPF
Bank Compliance Specialist83,500 XPF
Bank Manager178,000 XPF
Bank Operational Risk Manager189,000 XPF
Bank Operations Head180,000 XPF
Bank Operations Officer70,000 XPF
Bank Operations Specialist117,000 XPF
Bank Process Manager105,000 XPF
Bank Product Manager 121,000 XPF
Bank Programme Manager130,000 XPF
Bank Project Manager147,000 XPF
Bank Propositions Manager131,000 XPF
Bank Quantitative Analyst93,500 XPF
Bank Regional Manager198,000 XPF
Bank Regional Risk Officer93,700 XPF
Bank Relationship Manager139,000 XPF
Bank Relationship Officer60,400 XPF
Banker62,400 XPF
Banking Business Analyst96,700 XPF
Banking Business Development Officer60,000 XPF
Banking Business Planning Executive135,000 XPF
Banking Product Manager123,000 XPF
Banking Reference Data Manager101,000 XPF
Banking Risk Analyst96,800 XPF
Banking Technical Analyst51,600 XPF
Bankruptcy Coordinator66,500 XPF
Budget Analyst93,800 XPF
Cards Marketing Manager115,000 XPF
Cash Management Manager160,000 XPF
Check Processing Manager125,000 XPF
Commercial Vault Associate91,600 XPF
Corporate Dealer94,000 XPF
Credit Analyst72,100 XPF
Credit and Collections Manager132,000 XPF
Credit Card Fraud Investigator96,800 XPF
Credit Portfolio Manager179,000 XPF
Credit Risk Analyst111,000 XPF
Credit Risk Associate99,100 XPF
Direct Bank Sales Representative70,000 XPF
Financial Bank Planning Consultant119,000 XPF
Financial Banking Analysis Manager147,000 XPF
Financial Banking Assistant45,400 XPF
Financial Banking Systems Manager124,000 XPF
Foreign Exchange Manager140,000 XPF
Fraud Analyst97,300 XPF
Fraud Detection Associate66,100 XPF
Fraud Detection Manager154,000 XPF
Fraud Detection Supervisor84,300 XPF
Internal Bank Audit Manager177,000 XPF
Internal Bank Auditor90,000 XPF
International Banking Manager201,000 XPF
Loan Analyst92,500 XPF
Loan Area Manager119,000 XPF
Loan Audit Team Leader111,000 XPF
Loan Branch Manager105,000 XPF
Loan Business Development Officer59,900 XPF
Loan Clerk33,400 XPF
Loan Collection Manager119,000 XPF
Loan Collector29,700 XPF
Loan Examiner41,800 XPF
Loan Processing Manager98,500 XPF
Loan Processor43,500 XPF
Loan Quality Assurance Auditor93,300 XPF
Loan Quality Assurance Manager110,000 XPF
Loan Quality Assurance Representative69,700 XPF
Loan Review Manager111,000 XPF
Loan Team Leader94,800 XPF
Mortgage Advisor68,800 XPF
Mortgage Collection Manager111,000 XPF
Mortgage Collector32,600 XPF
Mortgage Credit Analyst50,700 XPF
Mortgage Credit Manager102,000 XPF
Mortgage Development Manager123,000 XPF
Mortgage Document Reviewer40,000 XPF
Mortgage Funding Manager125,000 XPF
Mortgage Operations Manager163,000 XPF
Mortgage Payment Processing Clerk37,800 XPF
Mortgage Processing Manager106,000 XPF
Mortgage Processor43,900 XPF
Mortgage Quality Assurance Auditor93,600 XPF
Mortgage Quality Assurance Manager113,000 XPF
Mortgage Servicing Clerk32,400 XPF
Mortgage Servicing Manager109,000 XPF
Mortgage Underwriter40,400 XPF
Online Banking Manager163,000 XPF
Payment Processing Clerk35,100 XPF
Personal Banker67,300 XPF
Personal Banking Advisor 72,700 XPF
Phone Banker46,700 XPF
Private Banker68,300 XPF
Reconciliation and Investigation Specialist78,100 XPF
Teller31,000 XPF
Trade Officer40,500 XPF
Trade Product Manager111,000 XPF
Trader49,000 XPF
Treasury Operations Officer84,800 XPF

Banking Jobs Salary Distribution in New Caledonia

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

  • Salary Range

    Banking salaries in New Caledonia range from 30,000 XPF per month (minimum average salary) to 196,000 XPF per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 93,400 XPF per month, which means that half (50%) of people working in Banking are earning less than 93,400 XPF while the other half are earning more than 93,400 XPF. 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 55,500 XPF while 75% of them are earning more than 55,500 XPF. Also from the diagram, 75% of people working in Banking are earning less than 142,000 XPF while 25% are earning more than 142,000 XPF.


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 New Caledonia costs anywhere from 438,000 CFP Franc(s) to 1,320,000 CFP Franc(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 New Caledonia 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 in New Caledonia who work in Banking earn 16% more than their female counterparts on average.

Male
103,000 XPF
Female-14%
88,400 XPF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in New Caledonia for all Careers

Salary comparison by gender monthly New Caledonia
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Banking Average Annual Salary Increment Percentage in New Caledonia

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

Banking

Banking professionals in New Caledonia are likely to observe a salary increase of approximately 7% every 26 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate New Caledonia 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.

New Caledonia / 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 New Caledonia is 2%.

Annual Increment Rate By Industry 2021

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Listed above are the average annual increase rates for each industry in New Caledonia for the year 2021. 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 New Caledonia

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

41% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 59% 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
59%
No Bonus
41%

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.

Banking Hourly Average Wage in New Caledonia


550 XPF per hour

The average hourly wage (pay per hour) in New Caledonia is 550 XPF. This means that the average person in New Caledonia earns approximately 550 XPF 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 New Caledonia
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The average salary for Banking is 9% more than that of All Jobs.

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in New Caledonia earn 11% more than their private sector counterparts on average across all sectors.

Private Sector
82,400 XPF
Public Sector+11%
91,200 XPF
Percentage increase and decrease are relative to the previous value

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