Commercial Vault Associate Average Salary in Spain 2024
How much money does a person working as Commercial Vault Associate make in Spain?
LOW
1,560
EUR AVERAGE
3,060
EUR HIGH
4,720
EUR
A person working as Commercial Vault Associate in Spain typically earns around 3,060 EUR. Salaries range from 1,560 EUR (lowest) to 4,720 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Commercial Vault Associate salaries in Spain vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Commercial Vault Associate Pay Scale and Salaries in Spain
Salary Structure and Pay Scale Comparison
2,800 EUR or more
2,480 to 2,800 EUR
1,800 EUR or less
1,800 to 2,480 EUR
 1,560 EUR |
2,810 EUR |
4,720 EUR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Commercial Vault Associate in Spain range from 1,560 EUR (starting salary) to 4,720 EUR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 2,810 EUR, half of the professionals who work as Commercial Vault Associate in Spain earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Commercial Vault Associate in Spain earn less than 2,320 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 3,200 EUR while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Commercial Vault Associate in Spain compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,800 EUR to 2,480 EUR. About 20% of salaries are below the 1,800 EUR mark, while 10% fall within the range of 2,480 EUR to 2,800 EUR. Only 5% of individuals have salaries exceeding 2,800 EUR.
Salary Comparison by Years of Experience / Commercial Vault Associate / Spain
How do experience and age affect pay?
| 0 - 2 Years | 1,750 EUR | |
| 2 - 5 Years | +31% | 2,290 EUR |
| 5 - 10 Years | +40% | 3,200 EUR |
| 10 - 15 Years | +20% | 3,850 EUR |
| 15 - 20 Years | +9% | 4,180 EUR |
| 20+ Years | +8% | 4,510 EUR |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Commercial Vault Associate and this is what we found.
Employees with less than two years of experience earn approximately 1,750 EUR.
While someone with an experience level between two and five years is expected to earn 2,290 EUR, 31% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 3,200 EUR, 40% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 3,850 EUR, 20% 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 4,180 EUR, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 4,510 EUR, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Commercial Vault Associate / Spain
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Commercial Vault Associate.
| Bachelor's Degree | 2,160 EUR | |
| Master's Degree | +77% | 3,830 EUR |
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 salaries by education level for the position Commercial Vault Associate in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 2,160 EUR.
Level 2: Master's Degree
At this level, the average salary becomes 3,830 EUR, 77% more than the previous level.
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 Spain costs anywhere from 13,600 EUR to 40,900 EUR 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 to a higher-paying job. The numbers seem to support the theory. 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 and Compensation Comparison By Gender / Commercial Vault Associate / Spain
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Commercial Vault Associate in Spain, the average difference between the salary of male and female employees is 5%.
| Male | 3,150 EUR | |
| Female | -5% | 2,980 EUR |
Salary Comparison By Gender in Spain for all Careers
Average Annual Salary Increment Percentage / Commercial Vault Associate / Spain
How much are annual salary increments in Spain for individuals working as Commercial Vault Associate? How often do employees get salary raises?
Individuals working as Commercial Vault Associate in Spain are likely to observe a salary increase of approximately 12% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.
Spain / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Commercial Vault Associate / Spain
How much and how often are bonuses being awarded?
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70% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 30% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.
| Received Bonus | 30% | |
| No Bonus | 70% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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.
Average Hourly Wage / Commercial Vault Associate / Spain
18 EUR per hourThe average hourly wage (pay per hour) for individuals working as Commercial Vault Associate in Spain is 18 EUR.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
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 fixed 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.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Commercial Vault Associate in Spain is 9 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Banking |  -100% | |
| AML Analyst | 4,350 EUR |  +42% |
| Assistant Bank Branch Manager | 3,830 EUR | +25% |
| Assistant Bank Manager | 4,890 EUR | +60% |
| ATM Manager | 4,180 EUR | +36% |
| ATM Service Technician | 1,310 EUR | -57% |
| Bank Accounts Analyst | 1,800 EUR | -41% |
| Bank Accounts Collector | 1,180 EUR | -61% |
| Bank Accounts Controller | 2,210 EUR | -28% |
| Bank Accounts Executive | 3,190 EUR | +4% |
| Bank Accounts Manager | 3,670 EUR | +20% |
| Bank Auditing Manager | 3,750 EUR | +22% |
| Bank Branch Manager | 5,130 EUR | +67% |
| Bank Branch Operations Coordinator | 2,340 EUR | -24% |
| Bank Clerk | 1,070 EUR | -65% |
| Bank Client Service Associate | 1,470 EUR | -52% |
| Bank Collector | 1,180 EUR | -61% |
| Bank Compliance Specialist | 2,590 EUR | -15% |
| Bank Manager | 5,470 EUR | +79% |
| Bank Operational Risk Manager | 5,860 EUR | +91% |
| Bank Operations Head | 5,540 EUR | +81% |
| Bank Operations Officer | 2,370 EUR | -23% |
| Bank Operations Specialist | 3,500 EUR | +14% |
| Bank Process Manager | 3,360 EUR | +10% |
| Bank Product Manager | 3,610 EUR | +18% |
| Bank Programme Manager | 4,160 EUR | +36% |
| Bank Project Manager | 4,770 EUR | +56% |
| Bank Propositions Manager | 4,030 EUR | +32% |
| Bank Quantitative Analyst | 2,950 EUR | -4% |
| Bank Regional Manager | 6,080 EUR | +98% |
| Bank Regional Risk Officer | 3,020 EUR | -1% |
| Bank Relationship Manager | 4,520 EUR | +48% |
| Bank Relationship Officer | 2,100 EUR | -31% |
| Bank Sustainability Analyst | 3,430 EUR | +12% |
| Bank Teller | 1,140 EUR | -63% |
| Banker | 2,270 EUR | -26% |
| Banking Business Analyst | 3,120 EUR | +2% |
| Banking Business Development Officer | 1,920 EUR | -37% |
| Banking Business Planning Executive | 4,250 EUR | +39% |
| Banking Data Analyst | 3,520 EUR | +15% |
| Banking Product Manager | 3,910 EUR | +28% |
| Banking Reference Data Manager | 3,450 EUR | +13% |
| Banking Regulatory Compliance Officer | 3,620 EUR | +18% |
| Banking Risk Analyst | 3,120 EUR | +2% |
| Banking Technical Analyst | 1,700 EUR | -45% |
| Bankruptcy Coordinator | 2,170 EUR | -29% |
| Bill and Account Collector | 1,280 EUR | -58% |
| Blockchain Analyst | 2,800 EUR | -9% |
| Blockchain Architect | 2,920 EUR | -5% |
| Blockchain Auditor | 2,620 EUR | -14% |
| Blockchain Compliance Analyst | 2,710 EUR | -12% |
| Blockchain Consultant | 2,840 EUR | -7% |
| Blockchain Trade Facilitator | 2,520 EUR | -18% |
| Budget Analyst | 3,200 EUR | +4% |
| Capital Risk Manager | 5,810 EUR | +90% |
| Cards Marketing Manager | 3,950 EUR | +29% |
| Cash Management Manager | 5,030 EUR | +64% |
| Check Processing Manager | 3,780 EUR | +23% |
| Chief Blockchain Officer | 3,360 EUR | +10% |
| Commercial Vault Associate | 3,060 EUR | -0% |
| Corporate Banker | 2,190 EUR | -29% |
| Corporate Dealer | 3,160 EUR | +3% |
| Credit Analyst | 2,370 EUR | -23% |
| Credit and Collections Manager | 3,980 EUR | +30% |
| Credit Card Fraud Investigator | 3,110 EUR | +2% |
| Credit Portfolio Manager | 5,830 EUR | +90% |
| Credit Risk Analyst | 3,410 EUR | +11% |
| Credit Risk Associate | 3,350 EUR | +9% |
| Cryptocurrency Accountant | 1,960 EUR | -36% |
| Cryptocurrency Adviser | 3,630 EUR | +18% |
| Cryptocurrency Analyst | 2,770 EUR | -10% |
| Cryptocurrency Compliance Manager | 3,410 EUR | +11% |
| Cryptocurrency Trader | 3,080 EUR | +1% |
| Digital Banking Manager | 4,030 EUR | +32% |
| Digital Currency Analyst | 3,050 EUR | -0% |
| Direct Bank Sales Representative | 2,200 EUR | -28% |
| Exchange Control Consultant | 3,310 EUR | +8% |
| Executive Account Analyst | 3,190 EUR | +4% |
| Financial Bank Planning Consultant | 3,780 EUR | +23% |
| Financial Banking Analysis Manager | 4,380 EUR | +43% |
| Financial Banking Assistant | 1,560 EUR | -49% |
| Financial Banking Systems Manager | 4,090 EUR | +33% |
| Foreign Exchange Manager | 4,380 EUR | +43% |
| Fraud Analyst | 3,420 EUR | +12% |
| Fraud Detection Associate | 2,280 EUR | -26% |
| Fraud Detection Manager | 4,530 EUR | +48% |
| Fraud Detection Supervisor | 2,720 EUR | -11% |
| Internal Bank Audit Manager | 5,480 EUR | +79% |
| Internal Bank Auditor | 3,020 EUR | -1% |
| Internal Private Banker | 2,200 EUR | -28% |
| International Banking Manager | 6,160 EUR | +100% |
| Investment Banking Analyst | 4,270 EUR | +39% |
| Loan Analyst | 3,130 EUR | +2% |
| Loan Area Manager | 3,780 EUR | +23% |
| Loan Audit Team Leader | 3,560 EUR | +16% |
| Loan Branch Manager | 3,530 EUR | +15% |
| Loan Business Development Officer | 2,010 EUR | -34% |
| Loan Clerk | 1,270 EUR | -59% |
| Loan Collection and Recovery Manager | 3,800 EUR | +24% |
| Loan Collection Manager | 3,790 EUR | +24% |
| Loan Collector | 1,200 EUR | -61% |
| Loan Examiner | 1,530 EUR | -50% |
| Loan Officer | 1,330 EUR | -57% |
| Loan Processing Manager | 3,460 EUR | +13% |
| Loan Processor | 1,580 EUR | -48% |
| Loan Quality Assurance Auditor | 2,970 EUR | -3% |
| Loan Quality Assurance Manager | 3,290 EUR | +7% |
| Loan Quality Assurance Representative | 2,270 EUR | -26% |
| Loan Review Manager | 3,330 EUR | +9% |
| Loan Team Leader | 3,010 EUR | -2% |
| Loans Manager | 4,200 EUR | +37% |
| Mortgage Advisor | 2,140 EUR | -30% |
| Mortgage Collection Manager | 3,480 EUR | +14% |
| Mortgage Collector | 1,120 EUR | -63% |
| Mortgage Credit Analyst | 1,700 EUR | -45% |
| Mortgage Credit Manager | 3,360 EUR | +10% |
| Mortgage Development Manager | 3,830 EUR | +25% |
| Mortgage Document Reviewer | 1,440 EUR | -53% |
| Mortgage Funding Manager | 3,890 EUR | +27% |
| Mortgage Operations Manager | 5,210 EUR | +70% |
| Mortgage Payment Processing Clerk | 1,310 EUR | -57% |
| Mortgage Processing Manager | 3,470 EUR | +13% |
| Mortgage Processor | 1,490 EUR | -51% |
| Mortgage Quality Assurance Auditor | 3,080 EUR | +1% |
| Mortgage Quality Assurance Manager | 3,510 EUR | +15% |
| Mortgage Servicing Clerk | 1,200 EUR | -61% |
| Mortgage Servicing Manager | 3,390 EUR | +11% |
| Mortgage Underwriter | 1,450 EUR | -53% |
| Online Banking Manager | 5,290 EUR | +73% |
| Open Banking Strategist | 3,200 EUR | +4% |
| Payment Processing Clerk | 1,250 EUR | -59% |
| Personal Banker | 2,400 EUR | -22% |
| Personal Banking Advisor | 2,280 EUR | -26% |
| Phone Banker | 1,600 EUR | -48% |
| Private Banker | 2,330 EUR | -24% |
| Reconciliation and Investigation Specialist | 2,600 EUR | -15% |
| Tax Officer | 2,000 EUR | -35% |
| Teller | 1,220 EUR | -60% |
| Trade Officer | 1,390 EUR | -55% |
| Trade Product Manager | 3,620 EUR | +18% |
| Trader | 1,640 EUR | -46% |
| Treasury Operations Officer | 2,630 EUR | -14% |
| Wealth Management Advisor | 4,200 EUR | +37% |
Salary Comparison By City
| City | Average Salary |
| Barcelona | 3,190 EUR |
| Madrid | 3,180 EUR |
| Palma de Mallorca | 2,920 EUR |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Spain is 5% on average across all career fields.
| Private Sector | 2,660 EUR | |
| Public Sector | +5% | 2,780 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Commercial Vault Associate in Spain?
A good and competitive compensation would range anywhere between 2,810 EUR and 3,200 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Commercial Vault Associate in Spain ranges from 1,560 EUR to 2,320 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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
