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Banking Average Salaries in Romania 2020

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

Average Monthly Salary
9,910 RON
( 119,000 RON yearly)


A person working in Banking in Romania typically earns around 9,910 RON per month. Salaries range from 3,070 RON (lowest average) to 20,000 RON (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 Analyst14,000 RON
Assistant Bank Branch Manager11,400 RON
Assistant Bank Manager15,500 RON
ATM Manager12,800 RON
ATM Service Technician3,450 RON
Bank Accounts Analyst5,240 RON
Bank Accounts Controller6,450 RON
Bank Accounts Executive9,350 RON
Bank Accounts Manager11,700 RON
Bank Auditing Manager10,900 RON
Bank Branch Manager15,800 RON
Bank Clerk2,880 RON
Bank Compliance Specialist8,520 RON
Bank Manager18,800 RON
Bank Operational Risk Manager18,200 RON
Bank Operations Head18,100 RON
Bank Operations Officer7,530 RON
Bank Operations Specialist11,500 RON
Bank Process Manager10,700 RON
Bank Product Manager 11,300 RON
Bank Programme Manager12,400 RON
Bank Project Manager14,700 RON
Bank Propositions Manager13,300 RON
Bank Quantitative Analyst9,320 RON
Bank Regional Manager19,400 RON
Bank Regional Risk Officer9,790 RON
Bank Relationship Manager13,900 RON
Bank Relationship Officer6,090 RON
Banker6,630 RON
Banking Business Analyst9,670 RON
Banking Business Development Officer6,150 RON
Banking Business Planning Executive14,100 RON
Banking Product Manager11,900 RON
Banking Reference Data Manager10,400 RON
Banking Risk Analyst9,390 RON
Banking Technical Analyst5,200 RON
Bankruptcy Coordinator6,680 RON
Budget Analyst9,160 RON
Cards Marketing Manager12,400 RON
Cash Management Manager16,800 RON
Check Processing Manager12,200 RON
Commercial Vault Associate9,210 RON
Corporate Dealer9,520 RON
Credit Analyst7,540 RON
Credit and Collections Manager12,800 RON
Credit Card Fraud Investigator9,600 RON
Credit Portfolio Manager18,600 RON
Credit Risk Analyst10,600 RON
Credit Risk Associate10,400 RON
Direct Bank Sales Representative6,440 RON
Financial Bank Planning Consultant12,400 RON
Financial Banking Analysis Manager14,200 RON
Financial Banking Assistant4,490 RON
Financial Banking Systems Manager12,500 RON
Foreign Exchange Manager14,500 RON
Fraud Analyst10,300 RON
Fraud Detection Associate7,030 RON
Fraud Detection Manager14,300 RON
Fraud Detection Supervisor8,300 RON
Internal Bank Audit Manager16,600 RON
Internal Bank Auditor9,530 RON
International Banking Manager19,700 RON
Loan Analyst9,180 RON
Loan Area Manager11,500 RON
Loan Audit Team Leader10,800 RON
Loan Branch Manager10,400 RON
Loan Business Development Officer5,510 RON
Loan Clerk3,480 RON
Loan Collection Manager11,500 RON
Loan Collector3,010 RON
Loan Examiner4,330 RON
Loan Processing Manager10,500 RON
Loan Processor4,280 RON
Loan Quality Assurance Auditor9,410 RON
Loan Quality Assurance Manager10,200 RON
Loan Quality Assurance Representative7,380 RON
Loan Review Manager10,900 RON
Loan Team Leader9,530 RON
Mortgage Advisor6,400 RON
Mortgage Collection Manager11,700 RON
Mortgage Collector3,190 RON
Mortgage Credit Analyst5,070 RON
Mortgage Credit Manager10,400 RON
Mortgage Development Manager11,700 RON
Mortgage Document Reviewer4,300 RON
Mortgage Funding Manager12,500 RON
Mortgage Operations Manager16,500 RON
Mortgage Payment Processing Clerk3,570 RON
Mortgage Processing Manager10,800 RON
Mortgage Processor4,150 RON
Mortgage Quality Assurance Auditor9,030 RON
Mortgage Quality Assurance Manager11,200 RON
Mortgage Servicing Clerk3,470 RON
Mortgage Servicing Manager10,800 RON
Mortgage Underwriter4,090 RON
Online Banking Manager16,400 RON
Payment Processing Clerk3,270 RON
Personal Banker7,210 RON
Personal Banking Advisor 6,680 RON
Phone Banker4,370 RON
Private Banker7,190 RON
Reconciliation and Investigation Specialist7,910 RON
Teller3,180 RON
Trade Officer3,820 RON
Trade Product Manager10,700 RON
Trader4,850 RON
Treasury Operations Officer8,690 RON

Banking Jobs Salary Distribution in Romania

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

  • Salary Range

    Banking salaries in Romania range from 3,070 RON per month (minimum average salary) to 20,000 RON per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 9,120 RON per month, which means that half (50%) of people working in Banking are earning less than 9,120 RON while the other half are earning more than 9,120 RON. 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 5,490 RON while 75% of them are earning more than 5,490 RON. Also from the diagram, 75% of people working in Banking are earning less than 13,400 RON while 25% are earning more than 13,400 RON.

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 Romania costs anywhere from 44,900 New Leu(s) to 135,000 New Leu(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 Romania 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 Romania who work in Banking earn 7% more than their female counterparts on average.

9,510 RON
10,200 RON
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Romania for all Careers

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

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


Banking professionals in Romania are likely to observe a salary increase of approximately 10% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Romania 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.

Romania / 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 Romania is 5%.

Annual Increment Rate By Industry 2019

Information Technology

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

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

29% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 71% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 7% 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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Romania
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Where can you get paid more, working for a private company or for the government? Public sector employees in Romania earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
8,760 RON
Public Sector+7%
9,390 RON
Percentage increase and decrease are relative to the previous value

Banking Hourly Average Wage in Romania

57 RON per hour

The average hourly wage (pay per hour) in Romania is 57 RON. This means that the average person in Romania earns approximately 57 RON 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 Romania
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The average salary for Banking is 10% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Brasov8,850 RON
Bucharest10,700 RON
Cluj-Napoca9,890 RON
Sibiu10,400 RON
Timisoara9,310 RON
4628 - 10

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