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Bank Branch Manager Average Salary in Russia 2020

How much money does a Bank Branch Manager make in Russia?


Average Monthly Salary
147,000 RUB
( 1,760,000 RUB yearly)

LOW
79,300
RUB
AVERAGE
147,000
RUB
HIGH
222,000
RUB

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 Salary Distribution in Russia

Median and salary distribution monthly Russia Bank Branch Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Bank Branch Manager salaries in Russia range from 79,300 RUB per month (minimum salary) to 222,000 RUB per month (maximum salary).

  • Median 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.

  • Percentiles

    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.


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

Bank Branch Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Russia Bank Branch Manager
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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 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.

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, 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.


Bank Branch Manager average salary change by experience in Russia

0 - 2 Years
92,100 RUB
2 - 5 Years+26%
116,000 RUB
5 - 10 Years+32%
153,000 RUB
10 - 15 Years+18%
180,000 RUB
15 - 20 Years+11%
200,000 RUB
20+ Years+6%
213,000 RUB
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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Bank Branch Manager Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Russia Bank Branch Manager
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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 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.


Bank Branch Manager average salary difference by education level in Russia

Bachelor's Degree
119,000 RUB
Master's Degree+53%
182,000 RUB
Percentage increase and decrease are relative to the previous value

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 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.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Bank Branch Manager Salary Comparison By Gender

Salary comparison by gender monthly Russia Bank Branch Manager
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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 Bank Branch Manager employees in Russia earn 7% more than their female counterparts.

Female
141,000 RUB
Male+7%
151,000 RUB
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Russia for all Careers

Salary comparison by gender monthly Russia
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Bank Branch Manager Average Annual Salary Increment Percentage in Russia

How much are annual salary increments in Russia for Bank Branch Manager(s)? How often do employees get salary raises?

Bank Branch Manager

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.

Annual Salary Increment Rate Russia Bank Branch Manager
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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.

Russia / All Professions

Annual Salary Increment Rate Russia
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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 Russia is 6%.

Annual Increment Rate By Industry 2019

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

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.


Worldwide Salary Raises: All Countries and All Jobs

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Bank Branch Manager Bonus and Incentive Rates in Russia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Russia Bank Branch Manager
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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.

Received Bonus
77%
No Bonus
23%

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 monthly Russia
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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.

Private Sector
101,000 RUB
Public Sector+6%
108,000 RUB
Percentage increase and decrease are relative to the previous value

Bank Branch Manager Salary Trend and Forecast in Russia

How are Bank Branch Manager salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Russia Bank Branch Manager
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Average Salary 2016
135,000 RUB
Average Salary 2017+4%
140,000 RUB
Average Salary 2018+1%
142,000 RUB
Average Salary 2019+2%
144,000 RUB
Percentage increase and decrease are relative to the previous value

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.

Bank Branch Manager Average Hourly Wage in Russia


850 RUB per hour

The average hourly wage (pay per hour) in Russia is 850 RUB. This means that the average Bank Branch Manager in Russia earns approximately 850 RUB 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.

Bank Branch Manager VS Other Jobs

Salary Comparison Between Bank Branch Manager and Banking monthly Russia
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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.

Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst143,000 RUB-3%
Assistant Bank Branch Manager125,000 RUB-15%
Assistant Bank Manager146,000 RUB-1%
ATM Manager135,000 RUB-8%
ATM Service Technician69,500 RUB-53%
Bank Accounts Analyst90,200 RUB-39%
Bank Accounts Controller101,000 RUB-31%
Bank Accounts Executive107,000 RUB-27%
Bank Accounts Manager123,000 RUB-16%
Bank Auditing Manager116,000 RUB-21%
Bank Branch Manager147,000 RUB+0%
Bank Clerk68,800 RUB-53%
Bank Compliance Specialist106,000 RUB-28%
Bank Manager213,000 RUB+45%
Bank Operational Risk Manager151,000 RUB+3%
Bank Operations Head177,000 RUB+20%
Bank Operations Officer98,700 RUB-33%
Bank Operations Specialist129,000 RUB-12%
Bank Process Manager106,000 RUB-28%
Bank Product Manager 114,000 RUB-22%
Bank Programme Manager133,000 RUB-9%
Bank Project Manager140,000 RUB-5%
Bank Propositions Manager130,000 RUB-11%
Bank Quantitative Analyst105,000 RUB-29%
Bank Regional Manager162,000 RUB+10%
Bank Regional Risk Officer105,000 RUB-29%
Bank Relationship Manager131,000 RUB-11%
Bank Relationship Officer94,300 RUB-36%
Banker93,600 RUB-36%
Banking Business Analyst112,000 RUB-24%
Banking Business Development Officer97,700 RUB-33%
Banking Business Planning Executive146,000 RUB-1%
Banking Product Manager128,000 RUB-13%
Banking Reference Data Manager120,000 RUB-18%
Banking Risk Analyst104,000 RUB-29%
Banking Technical Analyst90,800 RUB-38%
Bankruptcy Coordinator113,000 RUB-23%
Budget Analyst106,000 RUB-28%
Cards Marketing Manager129,000 RUB-12%
Cash Management Manager150,000 RUB+2%
Check Processing Manager139,000 RUB-5%
Commercial Vault Associate108,000 RUB-26%
Corporate Dealer111,000 RUB-24%
Credit Analyst128,000 RUB-13%
Credit and Collections Manager134,000 RUB-9%
Credit Card Fraud Investigator112,000 RUB-24%
Credit Portfolio Manager163,000 RUB+11%
Credit Risk Analyst139,000 RUB-5%
Credit Risk Associate114,000 RUB-22%
Direct Bank Sales Representative98,500 RUB-33%
Financial Bank Planning Consultant125,000 RUB-15%
Financial Banking Analysis Manager139,000 RUB-5%
Financial Banking Assistant92,300 RUB-37%
Financial Banking Systems Manager128,000 RUB-13%
Foreign Exchange Manager130,000 RUB-11%
Fraud Analyst112,000 RUB-24%
Fraud Detection Associate116,000 RUB-21%
Fraud Detection Manager148,000 RUB+1%
Fraud Detection Supervisor115,000 RUB-22%
Internal Bank Audit Manager141,000 RUB-4%
Internal Bank Auditor101,000 RUB-31%
International Banking Manager187,000 RUB+27%
Loan Analyst112,000 RUB-24%
Loan Area Manager117,000 RUB-20%
Loan Audit Team Leader119,000 RUB-19%
Loan Branch Manager128,000 RUB-13%
Loan Business Development Officer106,000 RUB-28%
Loan Clerk78,000 RUB-47%
Loan Collection Manager119,000 RUB-19%
Loan Collector69,300 RUB-53%
Loan Examiner85,500 RUB-42%
Loan Processing Manager103,000 RUB-30%
Loan Processor94,000 RUB-36%
Loan Quality Assurance Auditor116,000 RUB-21%
Loan Quality Assurance Manager126,000 RUB-14%
Loan Quality Assurance Representative98,800 RUB-33%
Loan Review Manager109,000 RUB-26%
Loan Team Leader107,000 RUB-27%
Mortgage Advisor110,000 RUB-25%
Mortgage Collection Manager121,000 RUB-18%
Mortgage Collector80,900 RUB-45%
Mortgage Credit Analyst91,400 RUB-38%
Mortgage Credit Manager101,000 RUB-31%
Mortgage Development Manager136,000 RUB-7%
Mortgage Document Reviewer84,700 RUB-42%
Mortgage Funding Manager133,000 RUB-9%
Mortgage Operations Manager144,000 RUB-2%
Mortgage Payment Processing Clerk73,600 RUB-50%
Mortgage Processing Manager118,000 RUB-20%
Mortgage Processor90,500 RUB-38%
Mortgage Quality Assurance Auditor114,000 RUB-22%
Mortgage Quality Assurance Manager116,000 RUB-21%
Mortgage Servicing Clerk69,400 RUB-53%
Mortgage Servicing Manager118,000 RUB-20%
Mortgage Underwriter78,900 RUB-46%
Online Banking Manager153,000 RUB+4%
Payment Processing Clerk72,900 RUB-50%
Personal Banker105,000 RUB-29%
Personal Banking Advisor 106,000 RUB-28%
Phone Banker89,900 RUB-39%
Private Banker114,000 RUB-22%
Reconciliation and Investigation Specialist101,000 RUB-31%
Teller67,800 RUB-54%
Trade Officer76,000 RUB-48%
Trade Product Manager121,000 RUB-18%
Trader94,600 RUB-36%
Treasury Operations Officer107,000 RUB-27%

Salary Comparison By City

CityAverage Salary
Chelyabinsk150,000 RUB
Izhevsk137,000 RUB
Kazan153,000 RUB
Krasnodar144,000 RUB
Krasnoyarsk151,000 RUB
Moscow168,000 RUB
Nizhny Novgorod158,000 RUB
Omsk148,000 RUB
Rostov-on-Don144,000 RUB
Saint Petersburg165,000 RUB
Samara143,000 RUB
Saratov142,000 RUB
Volgograd135,000 RUB
Yekaterinburg161,000 RUB
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