A person working in Banking in Bangladesh typically earns around 65,000 BDT per month. Salaries range from 36,800 BDT (lowest average) to 120,000 BDT (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||79,400 BDT|
|Assistant Bank Branch Manager||74,900 BDT|
|Assistant Bank Manager||84,600 BDT|
|ATM Manager||80,800 BDT|
|ATM Service Technician||43,400 BDT|
|Bank Accounts Analyst||52,300 BDT|
|Bank Accounts Controller||57,100 BDT|
|Bank Accounts Executive||63,100 BDT|
|Bank Accounts Manager||68,600 BDT|
|Bank Auditing Manager||68,100 BDT|
|Bank Branch Manager||84,400 BDT|
|Bank Clerk||42,600 BDT|
|Bank Compliance Specialist||61,600 BDT|
|Bank Manager||123,000 BDT|
|Bank Operational Risk Manager||95,700 BDT|
|Bank Operations Head||95,000 BDT|
|Bank Operations Officer||54,400 BDT|
|Bank Operations Specialist||77,500 BDT|
|Bank Process Manager||64,600 BDT|
|Bank Product Manager||63,400 BDT|
|Bank Programme Manager||79,300 BDT|
|Bank Project Manager||79,700 BDT|
|Bank Propositions Manager||82,400 BDT|
|Bank Quantitative Analyst||60,400 BDT|
|Bank Regional Manager||89,000 BDT|
|Bank Regional Risk Officer||57,400 BDT|
|Bank Relationship Manager||74,500 BDT|
|Bank Relationship Officer||53,100 BDT|
|Banking Business Analyst||65,300 BDT|
|Banking Business Development Officer||53,800 BDT|
|Banking Business Planning Executive||84,300 BDT|
|Banking Product Manager||81,200 BDT|
|Banking Reference Data Manager||71,800 BDT|
|Banking Risk Analyst||62,100 BDT|
|Banking Technical Analyst||55,100 BDT|
|Bankruptcy Coordinator||70,600 BDT|
|Budget Analyst||65,600 BDT|
|Cards Marketing Manager||74,600 BDT|
|Cash Management Manager||85,800 BDT|
|Check Processing Manager||82,900 BDT|
|Commercial Vault Associate||64,600 BDT|
|Corporate Dealer||65,400 BDT|
|Credit Analyst||70,000 BDT|
|Credit and Collections Manager||76,300 BDT|
|Credit Card Fraud Investigator||66,100 BDT|
|Credit Portfolio Manager||95,200 BDT|
|Credit Risk Analyst||79,300 BDT|
|Credit Risk Associate||65,800 BDT|
|Direct Bank Sales Representative||60,600 BDT|
|Financial Bank Planning Consultant||68,600 BDT|
|Financial Banking Analysis Manager||83,500 BDT|
|Financial Banking Assistant||52,200 BDT|
|Financial Banking Systems Manager||75,500 BDT|
|Foreign Exchange Manager||79,800 BDT|
|Fraud Analyst||67,800 BDT|
|Fraud Detection Associate||67,100 BDT|
|Fraud Detection Manager||87,200 BDT|
|Fraud Detection Supervisor||69,000 BDT|
|Internal Bank Audit Manager||82,600 BDT|
|Internal Bank Auditor||61,600 BDT|
|International Banking Manager||107,000 BDT|
|Loan Analyst||63,200 BDT|
|Loan Area Manager||69,900 BDT|
|Loan Audit Team Leader||71,300 BDT|
|Loan Branch Manager||71,900 BDT|
|Loan Business Development Officer||62,100 BDT|
|Loan Clerk||47,400 BDT|
|Loan Collection Manager||75,100 BDT|
|Loan Collector||38,800 BDT|
|Loan Examiner||49,800 BDT|
|Loan Processing Manager||62,600 BDT|
|Loan Processor||59,200 BDT|
|Loan Quality Assurance Auditor||62,200 BDT|
|Loan Quality Assurance Manager||70,500 BDT|
|Loan Quality Assurance Representative||57,300 BDT|
|Loan Review Manager||65,700 BDT|
|Loan Team Leader||66,900 BDT|
|Mortgage Advisor||65,000 BDT|
|Mortgage Collection Manager||66,900 BDT|
|Mortgage Collector||46,700 BDT|
|Mortgage Credit Analyst||54,800 BDT|
|Mortgage Credit Manager||63,200 BDT|
|Mortgage Development Manager||79,500 BDT|
|Mortgage Document Reviewer||46,700 BDT|
|Mortgage Funding Manager||76,000 BDT|
|Mortgage Operations Manager||82,300 BDT|
|Mortgage Payment Processing Clerk||43,700 BDT|
|Mortgage Processing Manager||70,200 BDT|
|Mortgage Processor||50,800 BDT|
|Mortgage Quality Assurance Auditor||63,500 BDT|
|Mortgage Quality Assurance Manager||67,600 BDT|
|Mortgage Servicing Clerk||40,500 BDT|
|Mortgage Servicing Manager||71,700 BDT|
|Mortgage Underwriter||47,600 BDT|
|Online Banking Manager||90,900 BDT|
|Payment Processing Clerk||45,100 BDT|
|Personal Banker||64,500 BDT|
|Personal Banking Advisor||65,100 BDT|
|Phone Banker||52,700 BDT|
|Private Banker||66,200 BDT|
|Reconciliation and Investigation Specialist||61,200 BDT|
|Trade Officer||45,100 BDT|
|Trade Product Manager||67,800 BDT|
|Treasury Operations Officer||58,700 BDT|
Banking salaries in Bangladesh range from 36,800 BDT per month (minimum average salary) to 120,000 BDT per month (maximum average salary, actual maximum is higher).
The median salary is 70,200 BDT per month, which means that half (50%) of people working in Banking are earning less than 70,200 BDT while the other half are earning more than 70,200 BDT. 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 48,200 BDT while 75% of them are earning more than 48,200 BDT. Also from the diagram, 75% of people working in Banking are earning less than 103,000 BDT while 25% are earning more than 103,000 BDT.
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 Bangladesh costs anywhere from 288,000 Taka(s) to 863,000 Taka(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 earn 35% more than their female counterparts.
Banking professionals in Bangladesh are likely to observe a salary increase of approximately 7% every 26 months. The national average annual increment for all professions combined is 5% granted to employees every 28 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 Bangladesh 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.
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.
36% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 64% 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.
Where can you get paid more, working for a private company or for the government? Public sector employees in Bangladesh earn 25% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+4%|
|Average Salary 2019||+4%|
Banking salaries in Bangladesh are rising in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 4% 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 Banking is 13% more than that of All Jobs.
|Coxs Bazar||62,400 BDT|
|St. Martin||58,500 BDT|