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Teller Average Salary in Norway 2020

How much money does a Teller make in Norway?


Average Yearly Salary
216,000 NOK
( 18,000 NOK monthly)

LOW
99,600
NOK
AVERAGE
216,000
NOK
HIGH
344,000
NOK

A person working as a Teller in Norway typically earns around 216,000 NOK per year. Salaries range from 99,600 NOK (lowest) to 344,000 NOK (highest).

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

Teller Salary Distribution in Norway

Median and salary distribution yearly Norway Teller
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The median, the maximum, the minimum, and the range

  • Salary Range

    Teller salaries in Norway range from 99,600 NOK per year (minimum salary) to 344,000 NOK per year (maximum salary).

  • Median Salary

    The median salary is 234,000 NOK per year, which means that half (50%) of people working as Teller(s) are earning less than 234,000 NOK while the other half are earning more than 234,000 NOK. 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 Teller(s) are earning less than 150,000 NOK while 75% of them are earning more than 150,000 NOK. Also from the diagram, 75% of Teller(s) are earning less than 312,000 NOK while 25% are earning more than 312,000 NOK.


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

Teller Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience yearly Norway Teller
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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 Teller salaries by experience level and this is what we found.

A Teller with less than two years of experience makes approximately 113,000 NOK per year.

While someone with an experience level between two and five years is expected to earn 151,000 NOK per year, 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 223,000 NOK per year, 48% 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, Teller(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 272,000 NOK per year, 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 296,000 NOK per year, 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 321,000 NOK per year, 8% more than people with fifteen to twenty years of experience.


Teller average salary change by experience in Norway

0 - 2 Years
113,000 NOK
2 - 5 Years+34%
151,000 NOK
5 - 10 Years+48%
223,000 NOK
10 - 15 Years+22%
272,000 NOK
15 - 20 Years+9%
296,000 NOK
20+ Years+8%
321,000 NOK
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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Teller Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level yearly Norway Teller
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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 Teller salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Teller is 129,000 NOK per year.

While someone with a Certificate or Diploma gets a salary of 202,000 NOK per year, 57% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 339,000 NOK per year, 68% more than someone with a Certificate or Diploma.


Teller average salary difference by education level in Norway

High School
129,000 NOK
Certificate or Diploma+57%
202,000 NOK
Bachelor's Degree+68%
339,000 NOK
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Teller Salary Comparison By Gender

Salary comparison by gender yearly Norway Teller
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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 Teller employees in Norway earn 4% more than their female counterparts on average.

Female
212,000 NOK
Male+4%
221,000 NOK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Norway for all Careers

Salary comparison by gender yearly Norway
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Teller Average Annual Salary Increment Percentage in Norway

How much are annual salary increments in Norway for Teller(s)? How often do employees get salary raises?

Teller

Teller(s) in Norway are likely to observe a salary increase of approximately 12% every 13 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Norway Teller
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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.

Norway / 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 Norway is 7%.

Annual Increment Rate By Industry 2019

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

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

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Norway Teller
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A Teller is considered to be a low 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.

66% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 34% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.

Received Bonus
34%
No Bonus
66%

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 yearly Norway
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Where can you get paid more, working for a private company or for the government? Public sector employees in Norway earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
596,000 NOK
Public Sector+5%
629,000 NOK
Percentage increase and decrease are relative to the previous value

Teller Average Hourly Wage in Norway


100 NOK per hour

The average hourly wage (pay per hour) in Norway is 100 NOK. This means that the average Teller in Norway earns approximately 100 NOK 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.

Teller VS Other Jobs

Salary Comparison Between Teller and Banking yearly Norway
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The average salary for Teller is 68% less than that of Banking. Also, Banking salaries are 10% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst920,000 NOK+330%
Assistant Bank Branch Manager813,000 NOK+280%
Assistant Bank Manager996,000 NOK+360%
ATM Manager896,000 NOK+310%
ATM Service Technician238,000 NOK+10%
Bank Accounts Analyst346,000 NOK+60%
Bank Accounts Controller436,000 NOK+100%
Bank Accounts Executive688,000 NOK+220%
Bank Accounts Manager768,000 NOK+250%
Bank Auditing Manager814,000 NOK+280%
Bank Branch Manager1,040,000 NOK+380%
Bank Clerk207,000 NOK-4%
Bank Compliance Specialist544,000 NOK+150%
Bank Manager1,300,000 NOK+500%
Bank Operational Risk Manager1,290,000 NOK+500%
Bank Operations Head1,290,000 NOK+500%
Bank Operations Officer497,000 NOK+130%
Bank Operations Specialist780,000 NOK+260%
Bank Process Manager683,000 NOK+220%
Bank Product Manager 791,000 NOK+270%
Bank Programme Manager886,000 NOK+310%
Bank Project Manager1,020,000 NOK+370%
Bank Propositions Manager914,000 NOK+320%
Bank Quantitative Analyst668,000 NOK+210%
Bank Regional Manager1,360,000 NOK+530%
Bank Regional Risk Officer681,000 NOK+210%
Bank Relationship Manager963,000 NOK+340%
Bank Relationship Officer434,000 NOK+100%
Banker441,000 NOK+100%
Banking Business Analyst670,000 NOK+210%
Banking Business Development Officer419,000 NOK+94%
Banking Business Planning Executive917,000 NOK+320%
Banking Product Manager845,000 NOK+290%
Banking Reference Data Manager732,000 NOK+240%
Banking Risk Analyst642,000 NOK+200%
Banking Technical Analyst335,000 NOK+55%
Bankruptcy Coordinator446,000 NOK+110%
Budget Analyst645,000 NOK+200%
Cards Marketing Manager816,000 NOK+280%
Cash Management Manager1,130,000 NOK+420%
Check Processing Manager886,000 NOK+310%
Commercial Vault Associate614,000 NOK+180%
Corporate Dealer654,000 NOK+200%
Credit Analyst524,000 NOK+140%
Credit and Collections Manager877,000 NOK+310%
Credit Card Fraud Investigator714,000 NOK+230%
Credit Portfolio Manager1,260,000 NOK+480%
Credit Risk Analyst757,000 NOK+250%
Credit Risk Associate720,000 NOK+230%
Direct Bank Sales Representative472,000 NOK+120%
Financial Bank Planning Consultant865,000 NOK+300%
Financial Banking Analysis Manager1,000,000 NOK+360%
Financial Banking Assistant313,000 NOK+45%
Financial Banking Systems Manager860,000 NOK+300%
Foreign Exchange Manager980,000 NOK+350%
Fraud Analyst688,000 NOK+220%
Fraud Detection Associate467,000 NOK+120%
Fraud Detection Manager1,040,000 NOK+380%
Fraud Detection Supervisor600,000 NOK+180%
Internal Bank Audit Manager1,160,000 NOK+440%
Internal Bank Auditor657,000 NOK+200%
International Banking Manager1,340,000 NOK+520%
Loan Analyst683,000 NOK+220%
Loan Area Manager788,000 NOK+260%
Loan Audit Team Leader738,000 NOK+240%
Loan Branch Manager777,000 NOK+260%
Loan Business Development Officer404,000 NOK+87%
Loan Clerk227,000 NOK+5%
Loan Collection Manager817,000 NOK+280%
Loan Collector206,000 NOK-5%
Loan Examiner293,000 NOK+35%
Loan Processing Manager697,000 NOK+220%
Loan Processor309,000 NOK+43%
Loan Quality Assurance Auditor670,000 NOK+210%
Loan Quality Assurance Manager717,000 NOK+230%
Loan Quality Assurance Representative509,000 NOK+140%
Loan Review Manager740,000 NOK+240%
Loan Team Leader635,000 NOK+190%
Mortgage Advisor465,000 NOK+110%
Mortgage Collection Manager755,000 NOK+250%
Mortgage Collector224,000 NOK+3%
Mortgage Credit Analyst351,000 NOK+62%
Mortgage Credit Manager710,000 NOK+230%
Mortgage Development Manager866,000 NOK+300%
Mortgage Document Reviewer284,000 NOK+31%
Mortgage Funding Manager896,000 NOK+310%
Mortgage Operations Manager1,090,000 NOK+400%
Mortgage Payment Processing Clerk257,000 NOK+19%
Mortgage Processing Manager764,000 NOK+250%
Mortgage Processor289,000 NOK+34%
Mortgage Quality Assurance Auditor641,000 NOK+200%
Mortgage Quality Assurance Manager780,000 NOK+260%
Mortgage Servicing Clerk237,000 NOK+9%
Mortgage Servicing Manager726,000 NOK+240%
Mortgage Underwriter281,000 NOK+30%
Online Banking Manager1,090,000 NOK+400%
Payment Processing Clerk237,000 NOK+9%
Personal Banker493,000 NOK+130%
Personal Banking Advisor 490,000 NOK+130%
Phone Banker306,000 NOK+41%
Private Banker466,000 NOK+120%
Reconciliation and Investigation Specialist543,000 NOK+150%
Teller216,000 NOK-0%
Trade Officer275,000 NOK+27%
Trade Product Manager760,000 NOK+250%
Trader338,000 NOK+56%
Treasury Operations Officer592,000 NOK+170%

Salary Comparison By City

CityAverage Salary
Oslo251,000 NOK
Stavanger215,000 NOK
Tromso218,000 NOK
Trondheim234,000 NOK
0 - 0

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