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Banking Average Salaries in Switzerland 2020

How much money does a person working in Banking make in Switzerland?

Average Yearly Salary
137,000 CHF
( 11,400 CHF monthly)


A person working in Banking in Switzerland typically earns around 137,000 CHF per year. Salaries range from 42,400 CHF (lowest average) to 276,000 CHF (highest average, actual maximum salary is higher).

This is the average yearly 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.

Salaries for specific jobs

Job TitleAverage Salary
AML Analyst190,000 CHF
Assistant Bank Branch Manager174,000 CHF
Assistant Bank Manager216,000 CHF
ATM Manager184,000 CHF
ATM Service Technician51,300 CHF
Bank Accounts Analyst77,100 CHF
Bank Accounts Controller99,800 CHF
Bank Accounts Executive135,000 CHF
Bank Accounts Manager159,000 CHF
Bank Auditing Manager167,000 CHF
Bank Branch Manager235,000 CHF
Bank Clerk43,700 CHF
Bank Compliance Specialist121,000 CHF
Bank Manager280,000 CHF
Bank Operational Risk Manager256,000 CHF
Bank Operations Head280,000 CHF
Bank Operations Officer111,000 CHF
Bank Operations Specialist160,000 CHF
Bank Process Manager152,000 CHF
Bank Product Manager 180,000 CHF
Bank Programme Manager190,000 CHF
Bank Project Manager217,000 CHF
Bank Propositions Manager200,000 CHF
Bank Quantitative Analyst141,000 CHF
Bank Regional Manager278,000 CHF
Bank Regional Risk Officer144,000 CHF
Bank Relationship Manager205,000 CHF
Bank Relationship Officer94,000 CHF
Banker96,000 CHF
Banking Business Analyst143,000 CHF
Banking Business Development Officer84,800 CHF
Banking Business Planning Executive192,000 CHF
Banking Product Manager168,000 CHF
Banking Reference Data Manager151,000 CHF
Banking Risk Analyst142,000 CHF
Banking Technical Analyst72,600 CHF
Bankruptcy Coordinator95,800 CHF
Budget Analyst145,000 CHF
Cards Marketing Manager182,000 CHF
Cash Management Manager239,000 CHF
Check Processing Manager179,000 CHF
Commercial Vault Associate132,000 CHF
Corporate Dealer143,000 CHF
Credit Analyst111,000 CHF
Credit and Collections Manager194,000 CHF
Credit Card Fraud Investigator150,000 CHF
Credit Portfolio Manager260,000 CHF
Credit Risk Analyst162,000 CHF
Credit Risk Associate152,000 CHF
Direct Bank Sales Representative104,000 CHF
Financial Bank Planning Consultant182,000 CHF
Financial Banking Analysis Manager199,000 CHF
Financial Banking Assistant65,200 CHF
Financial Banking Systems Manager188,000 CHF
Foreign Exchange Manager203,000 CHF
Fraud Analyst150,000 CHF
Fraud Detection Associate102,000 CHF
Fraud Detection Manager212,000 CHF
Fraud Detection Supervisor124,000 CHF
Internal Bank Audit Manager264,000 CHF
Internal Bank Auditor142,000 CHF
International Banking Manager274,000 CHF
Loan Analyst143,000 CHF
Loan Area Manager174,000 CHF
Loan Audit Team Leader163,000 CHF
Loan Branch Manager163,000 CHF
Loan Business Development Officer88,900 CHF
Loan Clerk47,400 CHF
Loan Collection Manager162,000 CHF
Loan Collector45,200 CHF
Loan Examiner60,800 CHF
Loan Processing Manager152,000 CHF
Loan Processor64,000 CHF
Loan Quality Assurance Auditor145,000 CHF
Loan Quality Assurance Manager163,000 CHF
Loan Quality Assurance Representative110,000 CHF
Loan Review Manager151,000 CHF
Loan Team Leader137,000 CHF
Mortgage Advisor95,000 CHF
Mortgage Collection Manager162,000 CHF
Mortgage Collector45,600 CHF
Mortgage Credit Analyst74,900 CHF
Mortgage Credit Manager159,000 CHF
Mortgage Development Manager184,000 CHF
Mortgage Document Reviewer63,300 CHF
Mortgage Funding Manager190,000 CHF
Mortgage Operations Manager241,000 CHF
Mortgage Payment Processing Clerk53,800 CHF
Mortgage Processing Manager153,000 CHF
Mortgage Processor60,800 CHF
Mortgage Quality Assurance Auditor141,000 CHF
Mortgage Quality Assurance Manager163,000 CHF
Mortgage Servicing Clerk47,500 CHF
Mortgage Servicing Manager152,000 CHF
Mortgage Underwriter61,300 CHF
Online Banking Manager235,000 CHF
Payment Processing Clerk48,400 CHF
Personal Banker98,700 CHF
Personal Banking Advisor 108,000 CHF
Phone Banker69,600 CHF
Private Banker99,700 CHF
Reconciliation and Investigation Specialist119,000 CHF
Teller48,500 CHF
Trade Officer57,600 CHF
Trade Product Manager167,000 CHF
Trader70,500 CHF
Treasury Operations Officer120,000 CHF

Banking Jobs Salary Distribution in Switzerland

Median and salary distribution yearly Switzerland Banking
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The median, the maximum, the minimum, and the range

  • Salary Range

    Banking salaries in Switzerland range from 42,400 CHF per year (minimum average salary) to 276,000 CHF per year (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 131,000 CHF per year, which means that half (50%) of people working in Banking are earning less than 131,000 CHF while the other half are earning more than 131,000 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 people working in Banking are earning less than 78,100 CHF while 75% of them are earning more than 78,100 CHF. Also from the diagram, 75% of people working in Banking are earning less than 196,000 CHF while 25% are earning more than 196,000 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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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.

Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

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.

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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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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.

Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

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.

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 51,600 Swiss Franc(s) to 155,000 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 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.

Banking Salary Comparison By Gender

Salary comparison by gender yearly Switzerland Banking
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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 employees in Switzerland who work in Banking earn 4% more than their female counterparts on average.

134,000 CHF
140,000 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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Banking Average Annual Salary Increment Percentage in Switzerland

How much are annual salary increments in Switzerland for Banking professionals? How often do employees get salary raises?


Banking professionals in Switzerland are likely to observe a salary increase of approximately 11% every 13 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Switzerland Banking
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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

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

Information Technology

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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Banking Bonus and Incentive Rates in Switzerland

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

22% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 78% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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 employees in Switzerland earn 4% more than their private sector counterparts on average across all sectors.

Private Sector
121,000 CHF
Public Sector+4%
126,000 CHF
Percentage increase and decrease are relative to the previous value

Banking Hourly Average Wage in Switzerland

66 CHF per hour

The average hourly wage (pay per hour) in Switzerland is 66 CHF. This means that the average person in Switzerland earns approximately 66 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.

Banking VS Other Jobs

Salary Comparison Between Banking and Banking yearly Switzerland
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The average salary for Banking is 10% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Basel145,000 CHF
Bern140,000 CHF
Biel127,000 CHF
Geneve148,000 CHF
Lausanne143,000 CHF
Lugano130,000 CHF
Luzern135,000 CHF
St. Gallen132,000 CHF
Winterthur138,000 CHF
Zurich151,000 CHF
114668 - 34

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