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Bank Branch Manager Average Salary in Switzerland 2020

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


Average Yearly Salary
296,000 CHF
( 24,700 CHF monthly)

LOW
145,000
CHF
AVERAGE
296,000
CHF
HIGH
461,000
CHF

A person working as a Bank Branch Manager in Switzerland typically earns around 296,000 CHF per year. Salaries range from 145,000 CHF (lowest) to 461,000 CHF (highest).

This is the average yearly 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 Switzerland

Median and salary distribution yearly Switzerland Bank Branch Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Bank Branch Manager salaries in Switzerland range from 145,000 CHF per year (minimum salary) to 461,000 CHF per year (maximum salary).

  • Median Salary

    The median salary is 302,000 CHF per year, which means that half (50%) of people working as Bank Branch Manager(s) are earning less than 302,000 CHF while the other half are earning more than 302,000 CHF. 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 201,000 CHF while 75% of them are earning more than 201,000 CHF. Also from the diagram, 75% of Bank Branch Manager(s) are earning less than 389,000 CHF while 25% are earning more than 389,000 CHF.


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 yearly Switzerland 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 172,000 CHF per year.

While someone with an experience level between two and five years is expected to earn 221,000 CHF per year, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 305,000 CHF per year, 38% 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 378,000 CHF per year, 24% 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 404,000 CHF per year, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 431,000 CHF per year, 7% more than people with fifteen to twenty years of experience.


Bank Branch Manager average salary change by experience in Switzerland

0 - 2 Years
172,000 CHF
2 - 5 Years+29%
221,000 CHF
5 - 10 Years+38%
305,000 CHF
10 - 15 Years+24%
378,000 CHF
15 - 20 Years+7%
404,000 CHF
20+ Years+7%
431,000 CHF
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 yearly Switzerland 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 215,000 CHF per year.

While someone with a Master's Degree gets a salary of 344,000 CHF per year, 60% more than someone having a Bachelor's Degree degree.


Bank Branch Manager average salary difference by education level in Switzerland

Bachelor's Degree
215,000 CHF
Master's Degree+60%
344,000 CHF
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 Switzerland costs anywhere from 81,300 Swiss Franc(s) to 244,000 Swiss Franc(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 yearly Switzerland 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 Switzerland earn 4% more than their female counterparts.

Female
290,000 CHF
Male+4%
302,000 CHF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Switzerland for all Careers

Salary comparison by gender yearly Switzerland
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Bank Branch Manager Average Annual Salary Increment Percentage in Switzerland

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

Bank Branch Manager

Bank Branch Manager(s) in Switzerland are likely to observe a salary increase of approximately 13% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Switzerland 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.

Switzerland / All Professions

Annual Salary Increment Rate Switzerland
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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 Switzerland is 7%.

Annual Increment Rate By Industry 2019

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

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

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

16% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 84% 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.

Received Bonus
84%
No Bonus
16%

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 yearly Switzerland
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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 Switzerland earn 4% more than their private sector counterparts.

Private Sector
191,000 CHF
Public Sector+4%
199,000 CHF
Percentage increase and decrease are relative to the previous value

Bank Branch Manager Salary Trend and Forecast in Switzerland

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 yearly Switzerland Bank Branch Manager
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Average Salary 2016
263,000 CHF
Average Salary 2017+4%
272,000 CHF
Average Salary 2018+3%
280,000 CHF
Average Salary 2019+2%
285,000 CHF
Percentage increase and decrease are relative to the previous value

Bank Branch Manager salaries in Switzerland 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 Switzerland


140 CHF per hour

The average hourly wage (pay per hour) in Switzerland is 140 CHF. This means that the average Bank Branch Manager in Switzerland earns approximately 140 CHF 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 yearly Switzerland
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The average salary for Bank Branch Manager is 34% 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 Analyst264,000 CHF-11%
Assistant Bank Branch Manager260,000 CHF-12%
Assistant Bank Manager279,000 CHF-6%
ATM Manager265,000 CHF-10%
ATM Service Technician141,000 CHF-52%
Bank Accounts Analyst193,000 CHF-35%
Bank Accounts Controller213,000 CHF-28%
Bank Accounts Executive211,000 CHF-29%
Bank Accounts Manager228,000 CHF-23%
Bank Auditing Manager242,000 CHF-18%
Bank Branch Manager296,000 CHF+0%
Bank Clerk141,000 CHF-52%
Bank Compliance Specialist203,000 CHF-31%
Bank Manager442,000 CHF+49%
Bank Operational Risk Manager300,000 CHF+1%
Bank Operations Head347,000 CHF+17%
Bank Operations Officer201,000 CHF-32%
Bank Operations Specialist249,000 CHF-16%
Bank Process Manager212,000 CHF-28%
Bank Product Manager 229,000 CHF-23%
Bank Programme Manager276,000 CHF-7%
Bank Project Manager272,000 CHF-8%
Bank Propositions Manager281,000 CHF-5%
Bank Quantitative Analyst221,000 CHF-25%
Bank Regional Manager307,000 CHF+4%
Bank Regional Risk Officer207,000 CHF-30%
Bank Relationship Manager255,000 CHF-14%
Bank Relationship Officer194,000 CHF-34%
Banker190,000 CHF-36%
Banking Business Analyst223,000 CHF-25%
Banking Business Development Officer182,000 CHF-38%
Banking Business Planning Executive266,000 CHF-10%
Banking Product Manager254,000 CHF-14%
Banking Reference Data Manager235,000 CHF-21%
Banking Risk Analyst222,000 CHF-25%
Banking Technical Analyst182,000 CHF-38%
Bankruptcy Coordinator226,000 CHF-24%
Budget Analyst226,000 CHF-24%
Cards Marketing Manager276,000 CHF-7%
Cash Management Manager289,000 CHF-2%
Check Processing Manager277,000 CHF-6%
Commercial Vault Associate206,000 CHF-30%
Corporate Dealer223,000 CHF-25%
Credit Analyst252,000 CHF-15%
Credit and Collections Manager273,000 CHF-8%
Credit Card Fraud Investigator234,000 CHF-21%
Credit Portfolio Manager322,000 CHF+9%
Credit Risk Analyst276,000 CHF-7%
Credit Risk Associate237,000 CHF-20%
Direct Bank Sales Representative213,000 CHF-28%
Financial Bank Planning Consultant247,000 CHF-17%
Financial Banking Analysis Manager262,000 CHF-11%
Financial Banking Assistant179,000 CHF-39%
Financial Banking Systems Manager257,000 CHF-13%
Foreign Exchange Manager270,000 CHF-9%
Fraud Analyst227,000 CHF-23%
Fraud Detection Associate225,000 CHF-24%
Fraud Detection Manager276,000 CHF-7%
Fraud Detection Supervisor230,000 CHF-22%
Internal Bank Audit Manager299,000 CHF+1%
Internal Bank Auditor221,000 CHF-25%
International Banking Manager344,000 CHF+16%
Loan Analyst224,000 CHF-24%
Loan Area Manager250,000 CHF-15%
Loan Audit Team Leader255,000 CHF-14%
Loan Branch Manager255,000 CHF-14%
Loan Business Development Officer218,000 CHF-26%
Loan Clerk150,000 CHF-49%
Loan Collection Manager235,000 CHF-21%
Loan Collector132,000 CHF-55%
Loan Examiner168,000 CHF-43%
Loan Processing Manager210,000 CHF-29%
Loan Processor197,000 CHF-33%
Loan Quality Assurance Auditor227,000 CHF-23%
Loan Quality Assurance Manager255,000 CHF-14%
Loan Quality Assurance Representative205,000 CHF-31%
Loan Review Manager211,000 CHF-29%
Loan Team Leader214,000 CHF-28%
Mortgage Advisor206,000 CHF-30%
Mortgage Collection Manager233,000 CHF-21%
Mortgage Collector161,000 CHF-46%
Mortgage Credit Analyst188,000 CHF-36%
Mortgage Credit Manager215,000 CHF-27%
Mortgage Development Manager268,000 CHF-9%
Mortgage Document Reviewer173,000 CHF-42%
Mortgage Funding Manager278,000 CHF-6%
Mortgage Operations Manager290,000 CHF-2%
Mortgage Payment Processing Clerk152,000 CHF-49%
Mortgage Processing Manager230,000 CHF-22%
Mortgage Processor166,000 CHF-44%
Mortgage Quality Assurance Auditor220,000 CHF-26%
Mortgage Quality Assurance Manager232,000 CHF-22%
Mortgage Servicing Clerk131,000 CHF-56%
Mortgage Servicing Manager230,000 CHF-22%
Mortgage Underwriter162,000 CHF-45%
Online Banking Manager290,000 CHF-2%
Payment Processing Clerk143,000 CHF-52%
Personal Banker209,000 CHF-29%
Personal Banking Advisor 229,000 CHF-23%
Phone Banker191,000 CHF-35%
Private Banker230,000 CHF-22%
Reconciliation and Investigation Specialist209,000 CHF-29%
Teller136,000 CHF-54%
Trade Officer158,000 CHF-47%
Trade Product Manager235,000 CHF-21%
Trader189,000 CHF-36%
Treasury Operations Officer199,000 CHF-33%

Salary Comparison By City

CityAverage Salary
Basel311,000 CHF
Bern298,000 CHF
Biel264,000 CHF
Geneve318,000 CHF
Lausanne303,000 CHF
Lugano271,000 CHF
Luzern283,000 CHF
St. Gallen278,000 CHF
Winterthur291,000 CHF
Zurich324,000 CHF
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