A person working as a Bank Branch Manager in Russia typically earns around 147,000 RUB per month. Salaries range from 79,300 RUB (lowest) to 222,000 RUB (highest).
This is the average monthly salary including housing, transport, and other benefits. Bank Branch Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Bank Branch Manager salaries in Russia range from 79,300 RUB per month (minimum salary) to 222,000 RUB per month (maximum salary).
The median salary is 135,000 RUB per month, which means that half (50%) of people working as Bank Branch Manager(s) are earning less than 135,000 RUB while the other half are earning more than 135,000 RUB. 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 Bank Branch Manager(s) are earning less than 96,500 RUB while 75% of them are earning more than 96,500 RUB. Also from the diagram, 75% of Bank Branch Manager(s) are earning less than 164,000 RUB while 25% are earning more than 164,000 RUB.
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 your wage. We broke down Bank Branch Manager salaries by experience level and this is what we found.
A Bank Branch Manager with less than two years of experience makes approximately 92,100 RUB per month.
While someone with an experience level between two and five years is expected to earn 116,000 RUB per month, 26% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 153,000 RUB per month, 32% more than someone with two to five years of experience.
Additionally, Bank Branch Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 180,000 RUB per month, 18% 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 200,000 RUB per month, 11% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 213,000 RUB per month, 6% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+26%|
|5 - 10 Years||+32%|
|10 - 15 Years||+18%|
|15 - 20 Years||+11%|
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 Bank Branch Manager salaries by education level in order to make a comparison.
When the education level is Bachelor's Degree, the average salary of a Bank Branch Manager is 119,000 RUB per month.
While someone with a Master's Degree gets a salary of 182,000 RUB per month, 53% more than someone having a Bachelor's Degree degree.
A Master's degree program or any post-graduate program in Russia costs anywhere from 523,000 Russian Ruble(s) to 1,570,000 Russian Ruble(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 the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, 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 Bank Branch Manager employees in Russia earn 7% more than their female counterparts.
Bank Branch Manager(s) in Russia are likely to observe a salary increase of approximately 12% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 17 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 Russia 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.
A Bank Branch Manager is considered to be a high 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.
23% of surveyed staff 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 6% to 7% 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.
Where can you get paid more, working for a private company or for the government? Public sector Bank Branch Manager employees in Russia earn 6% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+1%|
|Average Salary 2019||+2%|
Bank Branch Manager salaries in Russia are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.
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 Bank Branch Manager is 24% more than that of Banking. Also, Banking salaries are 13% more than those of All Jobs.
|Job Title||Average Salary|
|AML Analyst||143,000 RUB||-3%|
|Assistant Bank Branch Manager||125,000 RUB||-15%|
|Assistant Bank Manager||146,000 RUB||-1%|
|ATM Manager||135,000 RUB||-8%|
|ATM Service Technician||69,500 RUB||-53%|
|Bank Accounts Analyst||90,200 RUB||-39%|
|Bank Accounts Controller||101,000 RUB||-31%|
|Bank Accounts Executive||107,000 RUB||-27%|
|Bank Accounts Manager||123,000 RUB||-16%|
|Bank Auditing Manager||116,000 RUB||-21%|
|Bank Branch Manager||147,000 RUB||+0%|
|Bank Clerk||68,800 RUB||-53%|
|Bank Compliance Specialist||106,000 RUB||-28%|
|Bank Manager||213,000 RUB||+45%|
|Bank Operational Risk Manager||151,000 RUB||+3%|
|Bank Operations Head||177,000 RUB||+20%|
|Bank Operations Officer||98,700 RUB||-33%|
|Bank Operations Specialist||129,000 RUB||-12%|
|Bank Process Manager||106,000 RUB||-28%|
|Bank Product Manager||114,000 RUB||-22%|
|Bank Programme Manager||133,000 RUB||-9%|
|Bank Project Manager||140,000 RUB||-5%|
|Bank Propositions Manager||130,000 RUB||-11%|
|Bank Quantitative Analyst||105,000 RUB||-29%|
|Bank Regional Manager||162,000 RUB||+10%|
|Bank Regional Risk Officer||105,000 RUB||-29%|
|Bank Relationship Manager||131,000 RUB||-11%|
|Bank Relationship Officer||94,300 RUB||-36%|
|Banking Business Analyst||112,000 RUB||-24%|
|Banking Business Development Officer||97,700 RUB||-33%|
|Banking Business Planning Executive||146,000 RUB||-1%|
|Banking Product Manager||128,000 RUB||-13%|
|Banking Reference Data Manager||120,000 RUB||-18%|
|Banking Risk Analyst||104,000 RUB||-29%|
|Banking Technical Analyst||90,800 RUB||-38%|
|Bankruptcy Coordinator||113,000 RUB||-23%|
|Budget Analyst||106,000 RUB||-28%|
|Cards Marketing Manager||129,000 RUB||-12%|
|Cash Management Manager||150,000 RUB||+2%|
|Check Processing Manager||139,000 RUB||-5%|
|Commercial Vault Associate||108,000 RUB||-26%|
|Corporate Dealer||111,000 RUB||-24%|
|Credit Analyst||128,000 RUB||-13%|
|Credit and Collections Manager||134,000 RUB||-9%|
|Credit Card Fraud Investigator||112,000 RUB||-24%|
|Credit Portfolio Manager||163,000 RUB||+11%|
|Credit Risk Analyst||139,000 RUB||-5%|
|Credit Risk Associate||114,000 RUB||-22%|
|Direct Bank Sales Representative||98,500 RUB||-33%|
|Financial Bank Planning Consultant||125,000 RUB||-15%|
|Financial Banking Analysis Manager||139,000 RUB||-5%|
|Financial Banking Assistant||92,300 RUB||-37%|
|Financial Banking Systems Manager||128,000 RUB||-13%|
|Foreign Exchange Manager||130,000 RUB||-11%|
|Fraud Analyst||112,000 RUB||-24%|
|Fraud Detection Associate||116,000 RUB||-21%|
|Fraud Detection Manager||148,000 RUB||+1%|
|Fraud Detection Supervisor||115,000 RUB||-22%|
|Internal Bank Audit Manager||141,000 RUB||-4%|
|Internal Bank Auditor||101,000 RUB||-31%|
|International Banking Manager||187,000 RUB||+27%|
|Loan Analyst||112,000 RUB||-24%|
|Loan Area Manager||117,000 RUB||-20%|
|Loan Audit Team Leader||119,000 RUB||-19%|
|Loan Branch Manager||128,000 RUB||-13%|
|Loan Business Development Officer||106,000 RUB||-28%|
|Loan Clerk||78,000 RUB||-47%|
|Loan Collection Manager||119,000 RUB||-19%|
|Loan Collector||69,300 RUB||-53%|
|Loan Examiner||85,500 RUB||-42%|
|Loan Processing Manager||103,000 RUB||-30%|
|Loan Processor||94,000 RUB||-36%|
|Loan Quality Assurance Auditor||116,000 RUB||-21%|
|Loan Quality Assurance Manager||126,000 RUB||-14%|
|Loan Quality Assurance Representative||98,800 RUB||-33%|
|Loan Review Manager||109,000 RUB||-26%|
|Loan Team Leader||107,000 RUB||-27%|
|Mortgage Advisor||110,000 RUB||-25%|
|Mortgage Collection Manager||121,000 RUB||-18%|
|Mortgage Collector||80,900 RUB||-45%|
|Mortgage Credit Analyst||91,400 RUB||-38%|
|Mortgage Credit Manager||101,000 RUB||-31%|
|Mortgage Development Manager||136,000 RUB||-7%|
|Mortgage Document Reviewer||84,700 RUB||-42%|
|Mortgage Funding Manager||133,000 RUB||-9%|
|Mortgage Operations Manager||144,000 RUB||-2%|
|Mortgage Payment Processing Clerk||73,600 RUB||-50%|
|Mortgage Processing Manager||118,000 RUB||-20%|
|Mortgage Processor||90,500 RUB||-38%|
|Mortgage Quality Assurance Auditor||114,000 RUB||-22%|
|Mortgage Quality Assurance Manager||116,000 RUB||-21%|
|Mortgage Servicing Clerk||69,400 RUB||-53%|
|Mortgage Servicing Manager||118,000 RUB||-20%|
|Mortgage Underwriter||78,900 RUB||-46%|
|Online Banking Manager||153,000 RUB||+4%|
|Payment Processing Clerk||72,900 RUB||-50%|
|Personal Banker||105,000 RUB||-29%|
|Personal Banking Advisor||106,000 RUB||-28%|
|Phone Banker||89,900 RUB||-39%|
|Private Banker||114,000 RUB||-22%|
|Reconciliation and Investigation Specialist||101,000 RUB||-31%|
|Trade Officer||76,000 RUB||-48%|
|Trade Product Manager||121,000 RUB||-18%|
|Treasury Operations Officer||107,000 RUB||-27%|
|Nizhny Novgorod||158,000 RUB|
|Saint Petersburg||165,000 RUB|