A person working in Banking in Pakistan typically earns around 88,900 PKR per month. Salaries range from 28,000 PKR (lowest average) to 183,000 PKR (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.
|Job Title||Average Salary|
|AML Analyst||120,000 PKR|
|Assistant Bank Branch Manager||108,000 PKR|
|Assistant Bank Manager||144,000 PKR|
|ATM Manager||118,000 PKR|
|ATM Service Technician||31,300 PKR|
|Bank Accounts Analyst||48,800 PKR|
|Bank Accounts Controller||62,800 PKR|
|Bank Accounts Executive||89,900 PKR|
|Bank Accounts Manager||101,000 PKR|
|Bank Auditing Manager||108,000 PKR|
|Bank Branch Manager||138,000 PKR|
|Bank Clerk||27,800 PKR|
|Bank Compliance Specialist||73,300 PKR|
|Bank Manager||162,000 PKR|
|Bank Operational Risk Manager||159,000 PKR|
|Bank Operations Head||178,000 PKR|
|Bank Operations Officer||70,000 PKR|
|Bank Operations Specialist||108,000 PKR|
|Bank Process Manager||92,000 PKR|
|Bank Product Manager||109,000 PKR|
|Bank Programme Manager||118,000 PKR|
|Bank Project Manager||129,000 PKR|
|Bank Propositions Manager||119,000 PKR|
|Bank Quantitative Analyst||85,500 PKR|
|Bank Regional Manager||173,000 PKR|
|Bank Regional Risk Officer||91,800 PKR|
|Bank Relationship Manager||122,000 PKR|
|Bank Relationship Officer||59,800 PKR|
|Banking Business Analyst||89,300 PKR|
|Banking Business Development Officer||56,000 PKR|
|Banking Business Planning Executive||125,000 PKR|
|Banking Product Manager||104,000 PKR|
|Banking Reference Data Manager||96,200 PKR|
|Banking Risk Analyst||86,800 PKR|
|Banking Technical Analyst||48,600 PKR|
|Bankruptcy Coordinator||62,000 PKR|
|Budget Analyst||85,800 PKR|
|Cards Marketing Manager||115,000 PKR|
|Cash Management Manager||151,000 PKR|
|Check Processing Manager||119,000 PKR|
|Commercial Vault Associate||85,500 PKR|
|Corporate Dealer||89,600 PKR|
|Credit Analyst||70,700 PKR|
|Credit and Collections Manager||119,000 PKR|
|Credit Card Fraud Investigator||87,500 PKR|
|Credit Portfolio Manager||172,000 PKR|
|Credit Risk Analyst||101,000 PKR|
|Credit Risk Associate||97,200 PKR|
|Direct Bank Sales Representative||64,000 PKR|
|Financial Bank Planning Consultant||117,000 PKR|
|Financial Banking Analysis Manager||124,000 PKR|
|Financial Banking Assistant||42,800 PKR|
|Financial Banking Systems Manager||118,000 PKR|
|Foreign Exchange Manager||134,000 PKR|
|Fraud Analyst||94,500 PKR|
|Fraud Detection Associate||64,200 PKR|
|Fraud Detection Manager||131,000 PKR|
|Fraud Detection Supervisor||74,800 PKR|
|Internal Bank Audit Manager||161,000 PKR|
|Internal Bank Auditor||82,300 PKR|
|International Banking Manager||185,000 PKR|
|Loan Analyst||83,700 PKR|
|Loan Area Manager||107,000 PKR|
|Loan Audit Team Leader||99,800 PKR|
|Loan Branch Manager||95,200 PKR|
|Loan Business Development Officer||54,800 PKR|
|Loan Clerk||30,900 PKR|
|Loan Collection Manager||101,000 PKR|
|Loan Collector||28,300 PKR|
|Loan Examiner||40,200 PKR|
|Loan Processing Manager||95,700 PKR|
|Loan Processor||38,600 PKR|
|Loan Quality Assurance Auditor||92,400 PKR|
|Loan Quality Assurance Manager||99,200 PKR|
|Loan Quality Assurance Representative||63,800 PKR|
|Loan Review Manager||103,000 PKR|
|Loan Team Leader||88,500 PKR|
|Mortgage Advisor||58,600 PKR|
|Mortgage Collection Manager||105,000 PKR|
|Mortgage Collector||28,400 PKR|
|Mortgage Credit Analyst||44,500 PKR|
|Mortgage Credit Manager||99,800 PKR|
|Mortgage Development Manager||110,000 PKR|
|Mortgage Document Reviewer||40,000 PKR|
|Mortgage Funding Manager||115,000 PKR|
|Mortgage Operations Manager||156,000 PKR|
|Mortgage Payment Processing Clerk||33,300 PKR|
|Mortgage Processing Manager||97,800 PKR|
|Mortgage Processor||40,900 PKR|
|Mortgage Quality Assurance Auditor||83,000 PKR|
|Mortgage Quality Assurance Manager||101,000 PKR|
|Mortgage Servicing Clerk||30,500 PKR|
|Mortgage Servicing Manager||93,500 PKR|
|Mortgage Underwriter||36,500 PKR|
|Online Banking Manager||152,000 PKR|
|Payment Processing Clerk||29,900 PKR|
|Personal Banker||63,500 PKR|
|Personal Banking Advisor||66,500 PKR|
|Phone Banker||42,300 PKR|
|Private Banker||65,000 PKR|
|Reconciliation and Investigation Specialist||70,700 PKR|
|Trade Officer||35,600 PKR|
|Trade Product Manager||98,500 PKR|
|Treasury Operations Officer||79,100 PKR|
Banking salaries in Pakistan range from 28,000 PKR per month (minimum average salary) to 183,000 PKR per month (maximum average salary, actual maximum is higher).
The median salary is 94,300 PKR per month, which means that half (50%) of people working in Banking are earning less than 94,300 PKR while the other half are earning more than 94,300 PKR. 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.
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 55,000 PKR while 75% of them are earning more than 55,000 PKR. Also from the diagram, 75% of people working in Banking are earning less than 147,000 PKR while 25% are earning more than 147,000 PKR.
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
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.
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.
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.
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.
A Master's degree program or any post-graduate program in Pakistan costs anywhere from 409,000 Pakistan Rupee(s) to 1,230,000 Pakistan Rupee(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.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Pakistan who work in Banking earn 17% more than their female counterparts on average.
Banking professionals in Pakistan are likely to observe a salary increase of approximately 10% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 19 months.
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.
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
Listed above are the average annual increase rates for each industry in Pakistan 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.
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.
23% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 77% 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.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
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.
The average salary for Banking is 9% more than that of All Jobs.
Where can you get paid more, working for a private company or for the government? Public sector employees in Pakistan earn 12% more than their private sector counterparts on average across all sectors.