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Banking Average Salaries in Pakistan 2022

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

Average Monthly Salary
88,900 PKR
( 1,070,000 PKR yearly)


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.

Salaries for specific jobs

Job TitleAverage Salary
AML Analyst120,000 PKR
Assistant Bank Branch Manager108,000 PKR
Assistant Bank Manager144,000 PKR
ATM Manager118,000 PKR
ATM Service Technician31,300 PKR
Bank Accounts Analyst48,800 PKR
Bank Accounts Controller62,800 PKR
Bank Accounts Executive89,900 PKR
Bank Accounts Manager101,000 PKR
Bank Auditing Manager108,000 PKR
Bank Branch Manager138,000 PKR
Bank Clerk27,800 PKR
Bank Compliance Specialist73,300 PKR
Bank Manager162,000 PKR
Bank Operational Risk Manager159,000 PKR
Bank Operations Head178,000 PKR
Bank Operations Officer70,000 PKR
Bank Operations Specialist108,000 PKR
Bank Process Manager92,000 PKR
Bank Product Manager 109,000 PKR
Bank Programme Manager118,000 PKR
Bank Project Manager129,000 PKR
Bank Propositions Manager119,000 PKR
Bank Quantitative Analyst85,500 PKR
Bank Regional Manager173,000 PKR
Bank Regional Risk Officer91,800 PKR
Bank Relationship Manager122,000 PKR
Bank Relationship Officer59,800 PKR
Banker60,600 PKR
Banking Business Analyst89,300 PKR
Banking Business Development Officer56,000 PKR
Banking Business Planning Executive125,000 PKR
Banking Product Manager104,000 PKR
Banking Reference Data Manager96,200 PKR
Banking Risk Analyst86,800 PKR
Banking Technical Analyst48,600 PKR
Bankruptcy Coordinator62,000 PKR
Budget Analyst85,800 PKR
Cards Marketing Manager115,000 PKR
Cash Management Manager151,000 PKR
Check Processing Manager119,000 PKR
Commercial Vault Associate85,500 PKR
Corporate Dealer89,600 PKR
Credit Analyst70,700 PKR
Credit and Collections Manager119,000 PKR
Credit Card Fraud Investigator87,500 PKR
Credit Portfolio Manager172,000 PKR
Credit Risk Analyst101,000 PKR
Credit Risk Associate97,200 PKR
Direct Bank Sales Representative64,000 PKR
Financial Bank Planning Consultant117,000 PKR
Financial Banking Analysis Manager124,000 PKR
Financial Banking Assistant42,800 PKR
Financial Banking Systems Manager118,000 PKR
Foreign Exchange Manager134,000 PKR
Fraud Analyst94,500 PKR
Fraud Detection Associate64,200 PKR
Fraud Detection Manager131,000 PKR
Fraud Detection Supervisor74,800 PKR
Internal Bank Audit Manager161,000 PKR
Internal Bank Auditor82,300 PKR
International Banking Manager185,000 PKR
Loan Analyst83,700 PKR
Loan Area Manager107,000 PKR
Loan Audit Team Leader99,800 PKR
Loan Branch Manager95,200 PKR
Loan Business Development Officer54,800 PKR
Loan Clerk30,900 PKR
Loan Collection Manager101,000 PKR
Loan Collector28,300 PKR
Loan Examiner40,200 PKR
Loan Processing Manager95,700 PKR
Loan Processor38,600 PKR
Loan Quality Assurance Auditor92,400 PKR
Loan Quality Assurance Manager99,200 PKR
Loan Quality Assurance Representative63,800 PKR
Loan Review Manager103,000 PKR
Loan Team Leader88,500 PKR
Mortgage Advisor58,600 PKR
Mortgage Collection Manager105,000 PKR
Mortgage Collector28,400 PKR
Mortgage Credit Analyst44,500 PKR
Mortgage Credit Manager99,800 PKR
Mortgage Development Manager110,000 PKR
Mortgage Document Reviewer40,000 PKR
Mortgage Funding Manager115,000 PKR
Mortgage Operations Manager156,000 PKR
Mortgage Payment Processing Clerk33,300 PKR
Mortgage Processing Manager97,800 PKR
Mortgage Processor40,900 PKR
Mortgage Quality Assurance Auditor83,000 PKR
Mortgage Quality Assurance Manager101,000 PKR
Mortgage Servicing Clerk30,500 PKR
Mortgage Servicing Manager93,500 PKR
Mortgage Underwriter36,500 PKR
Online Banking Manager152,000 PKR
Payment Processing Clerk29,900 PKR
Personal Banker63,500 PKR
Personal Banking Advisor 66,500 PKR
Phone Banker42,300 PKR
Private Banker65,000 PKR
Reconciliation and Investigation Specialist70,700 PKR
Teller30,400 PKR
Trade Officer35,600 PKR
Trade Product Manager98,500 PKR
Trader44,000 PKR
Treasury Operations Officer79,100 PKR

Banking Jobs Salary Distribution in Pakistan

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

  • Salary Range

    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).

  • Median Salary

    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.

  • 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 55,000 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.

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 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.

Banking Salary Comparison By Gender

Salary comparison by gender monthly Pakistan 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 Pakistan who work in Banking earn 17% more than their female counterparts on average.

96,800 PKR
82,800 PKR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Pakistan for all Careers

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

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


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.

Annual Salary Increment Rate Pakistan 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.

Pakistan / 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 Pakistan is 5%.

Annual Increment Rate By Industry 2021

Information Technology

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.

Worldwide Salary Raises: All Countries and All Jobs

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Banking Bonus and Incentive Rates in Pakistan

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

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.

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.

Banking Hourly Average Wage in Pakistan

510 PKR per hour

The average hourly wage (pay per hour) in Pakistan is 510 PKR. This means that the average person in Pakistan earns approximately 510 PKR 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 Pakistan
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The average salary for Banking is 9% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Bahawalpur79,900 PKR
Faisalabad92,800 PKR
Gujranwala89,700 PKR
Hyderabad84,500 PKR
Islamabad83,100 PKR
Karachi96,100 PKR
Lahore94,400 PKR
Multan86,100 PKR
Peshawar88,100 PKR
Quetta81,300 PKR
Rawalpindi91,200 PKR
Sargodha78,000 PKR
Sialkot76,300 PKR

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 Pakistan earn 12% more than their private sector counterparts on average across all sectors.

Private Sector
76,200 PKR
Public Sector+12%
85,400 PKR
Percentage increase and decrease are relative to the previous value

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