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Banking Average Salaries in Taiwan 2022

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


Average Monthly Salary
141,000 TWD
( 1,690,000 TWD yearly)

LOW
44,300
TWD
AVERAGE
141,000
TWD
HIGH
289,000
TWD

A person working in Banking in Taiwan typically earns around 141,000 TWD per month. Salaries range from 44,300 TWD (lowest average) to 289,000 TWD (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.

Salaries for specific jobs

Job TitleAverage Salary
AML Analyst215,000 TWD
Assistant Bank Branch Manager181,000 TWD
Assistant Bank Manager221,000 TWD
ATM Manager189,000 TWD
ATM Service Technician52,800 TWD
Bank Accounts Analyst76,900 TWD
Bank Accounts Controller102,000 TWD
Bank Accounts Executive153,000 TWD
Bank Accounts Manager179,000 TWD
Bank Auditing Manager172,000 TWD
Bank Branch Manager243,000 TWD
Bank Clerk45,900 TWD
Bank Compliance Specialist127,000 TWD
Bank Manager274,000 TWD
Bank Operational Risk Manager273,000 TWD
Bank Operations Head273,000 TWD
Bank Operations Officer110,000 TWD
Bank Operations Specialist173,000 TWD
Bank Process Manager160,000 TWD
Bank Product Manager 176,000 TWD
Bank Programme Manager197,000 TWD
Bank Project Manager215,000 TWD
Bank Propositions Manager203,000 TWD
Bank Quantitative Analyst141,000 TWD
Bank Regional Manager303,000 TWD
Bank Regional Risk Officer151,000 TWD
Bank Relationship Manager203,000 TWD
Bank Relationship Officer91,600 TWD
Banker103,000 TWD
Banking Business Analyst149,000 TWD
Banking Business Development Officer88,500 TWD
Banking Business Planning Executive204,000 TWD
Banking Product Manager179,000 TWD
Banking Reference Data Manager155,000 TWD
Banking Risk Analyst150,000 TWD
Banking Technical Analyst74,400 TWD
Bankruptcy Coordinator104,000 TWD
Budget Analyst151,000 TWD
Cards Marketing Manager181,000 TWD
Cash Management Manager250,000 TWD
Check Processing Manager187,000 TWD
Commercial Vault Associate144,000 TWD
Corporate Dealer153,000 TWD
Credit Analyst117,000 TWD
Credit and Collections Manager205,000 TWD
Credit Card Fraud Investigator159,000 TWD
Credit Portfolio Manager279,000 TWD
Credit Risk Analyst168,000 TWD
Credit Risk Associate160,000 TWD
Direct Bank Sales Representative99,600 TWD
Financial Bank Planning Consultant192,000 TWD
Financial Banking Analysis Manager212,000 TWD
Financial Banking Assistant69,600 TWD
Financial Banking Systems Manager201,000 TWD
Foreign Exchange Manager218,000 TWD
Fraud Analyst161,000 TWD
Fraud Detection Associate109,000 TWD
Fraud Detection Manager231,000 TWD
Fraud Detection Supervisor133,000 TWD
Internal Bank Audit Manager258,000 TWD
Internal Bank Auditor139,000 TWD
International Banking Manager297,000 TWD
Loan Analyst152,000 TWD
Loan Area Manager184,000 TWD
Loan Audit Team Leader172,000 TWD
Loan Branch Manager173,000 TWD
Loan Business Development Officer85,300 TWD
Loan Clerk50,400 TWD
Loan Collection Manager173,000 TWD
Loan Collector48,300 TWD
Loan Examiner65,200 TWD
Loan Processing Manager163,000 TWD
Loan Processor68,800 TWD
Loan Quality Assurance Auditor142,000 TWD
Loan Quality Assurance Manager159,000 TWD
Loan Quality Assurance Representative108,000 TWD
Loan Review Manager164,000 TWD
Loan Team Leader149,000 TWD
Mortgage Advisor103,000 TWD
Mortgage Collection Manager176,000 TWD
Mortgage Collector49,800 TWD
Mortgage Credit Analyst74,100 TWD
Mortgage Credit Manager158,000 TWD
Mortgage Development Manager183,000 TWD
Mortgage Document Reviewer63,100 TWD
Mortgage Funding Manager190,000 TWD
Mortgage Operations Manager243,000 TWD
Mortgage Payment Processing Clerk54,300 TWD
Mortgage Processing Manager170,000 TWD
Mortgage Processor67,500 TWD
Mortgage Quality Assurance Auditor142,000 TWD
Mortgage Quality Assurance Manager165,000 TWD
Mortgage Servicing Clerk52,700 TWD
Mortgage Servicing Manager169,000 TWD
Mortgage Underwriter62,400 TWD
Online Banking Manager256,000 TWD
Payment Processing Clerk52,700 TWD
Personal Banker110,000 TWD
Personal Banking Advisor 103,000 TWD
Phone Banker68,000 TWD
Private Banker109,000 TWD
Reconciliation and Investigation Specialist121,000 TWD
Teller48,100 TWD
Trade Officer58,200 TWD
Trade Product Manager169,000 TWD
Trader71,600 TWD
Treasury Operations Officer125,000 TWD

Banking Jobs Salary Distribution in Taiwan

Median and salary distribution monthly Taiwan Banking
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The median, the maximum, the minimum, and the range

  • Salary Range

    Banking salaries in Taiwan range from 44,300 TWD per month (minimum average salary) to 289,000 TWD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 132,000 TWD per month, which means that half (50%) of people working in Banking are earning less than 132,000 TWD while the other half are earning more than 132,000 TWD. 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 79,400 TWD while 75% of them are earning more than 79,400 TWD. Also from the diagram, 75% of people working in Banking are earning less than 198,000 TWD while 25% are earning more than 198,000 TWD.


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 Taiwan costs anywhere from 647,000 New Taiwan Dollar(s) to 1,940,000 New Taiwan Dollar(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 monthly Taiwan 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 Taiwan who work in Banking earn 14% more than their female counterparts on average.

Male
148,000 TWD
Female-12%
129,000 TWD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Taiwan for all Careers

Salary comparison by gender monthly Taiwan
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Banking Average Annual Salary Increment Percentage in Taiwan

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

Banking

Banking professionals in Taiwan 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.

Annual Salary Increment Rate Taiwan 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.

Taiwan / 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 Taiwan is 2%.

Annual Increment Rate By Industry 2021

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Listed above are the average annual increase rates for each industry in Taiwan for the year 2021. 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 Taiwan

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

43% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 57% 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
57%
No Bonus
43%

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.

Banking Hourly Average Wage in Taiwan


810 TWD per hour

The average hourly wage (pay per hour) in Taiwan is 810 TWD. This means that the average person in Taiwan earns approximately 810 TWD 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 monthly Taiwan
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The average salary for Banking is 9% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Kaohsiung158,000 TWD
Taichung147,000 TWD
Tainan131,000 TWD
Taipei141,000 TWD

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Taiwan earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
124,000 TWD
Public Sector+7%
133,000 TWD
Percentage increase and decrease are relative to the previous value

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