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Bank Quantitative Analyst Average Salary in Thailand 2024

How much money does a person working as Bank Quantitative Analyst make in Thailand?


Average Monthly Salary
110,000 THB
( 1,310,000 THB yearly)

LOW
59,200
THB
AVERAGE
110,000
THB
HIGH
165,000
THB
All salary figures displayed here are per month except when noted otherwise.
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.

A person working as Bank Quantitative Analyst in Thailand typically earns around 110,000 THB. Salaries range from 59,200 THB (lowest) to 165,000 THB (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Bank Quantitative Analyst salaries in Thailand vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Bank Quantitative Analyst Pay Scale and Salaries in Thailand

Median and salary distribution Thailand Bank Quantitative Analyst monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
97,600 THB or more
10% of people earn
87,400 to 97,600 THB
20% of people earn
64,900 THB or less
65% of people earn
64,900 to 87,400 THB
Minimum Salary
59,200 THB
Median
97,900 THB
Maximum
165,000 THB




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Bank Quantitative Analyst in Thailand range from 59,200 THB (starting salary) to 165,000 THB (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 97,900 THB, half of the professionals who work as Bank Quantitative Analyst in Thailand 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 Bank Quantitative Analyst in Thailand earn less than 81,900 THB, while 75% earn more. Similarly, the chart shows that 75% earn less than 111,000 THB 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 Bank Quantitative Analyst in Thailand compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 64,900 THB to 87,400 THB. About 20% of salaries are below the 64,900 THB mark, while 10% fall within the range of 87,400 THB to 97,600 THB. Only 5% of individuals have salaries exceeding 97,600 THB.

Salary Comparison by Years of Experience / Bank Quantitative Analyst / Thailand

How do experience and age affect pay?

0 - 2 Years
68,700 THB
2 - 5 Years+26%
86,800 THB
5 - 10 Years+32%
114,000 THB
10 - 15 Years+18%
135,000 THB
15 - 20 Years+11%
149,000 THB
20+ Years+6%
159,000 THB
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Thailand Bank Quantitative Analyst
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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. We broke down salaries by experience level for people working as Bank Quantitative Analyst and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 68,700 THB.

While someone with an experience level between two and five years is expected to earn 86,800 THB, 26% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 114,000 THB, 32% 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 135,000 THB, 18% 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 149,000 THB, 11% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 159,000 THB, 6% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Bank Quantitative Analyst / Thailand

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Bank Quantitative Analyst.

Bachelor's Degree
88,900 THB
Master's Degree+53%
136,000 THB
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Thailand Bank Quantitative Analyst
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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 salaries by education level for the position Bank Quantitative Analyst in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 88,900 THB.


Level 2: Master's Degree

At this level, the average salary becomes 136,000 THB, 53% 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 Thailand costs anywhere from 486,000 THB to 1,460,000 THB 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 Comparison By Education Level
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Salary and Compensation Comparison By Gender / Bank Quantitative Analyst / Thailand

Salary comparison by gender Thailand Bank Quantitative Analyst monthly
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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? For the people who work as Bank Quantitative Analyst in Thailand, the average difference between the salary of male and female employees is 8%.

Male
113,000 THB
Female-7%
105,000 THB
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Thailand for all Careers

Salary comparison by gender monthly Thailand
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Average Annual Salary Increment Percentage / Bank Quantitative Analyst / Thailand

How much are annual salary increments in Thailand for individuals working as Bank Quantitative Analyst? How often do employees get salary raises?

Individuals working as Bank Quantitative Analyst in Thailand 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.

Annual Salary Increment Rate Thailand Bank Quantitative Analyst
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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.

Thailand / All Professions

Annual Salary Increment Rate Thailand
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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

The average salary increase in one year (12 months) in Thailand is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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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 / Bank Quantitative Analyst / Thailand

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Thailand Bank Quantitative Analyst
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23% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 77% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 7% of their annual salary.

Received Bonus
77%
No Bonus
23%

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.

Average Hourly Wage / Bank Quantitative Analyst / Thailand


630 THB per hour

The average hourly wage (pay per hour) for individuals working as Bank Quantitative Analyst in Thailand is 630 THB.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

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 Bank Quantitative Analyst in Thailand is 340 THB. 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 TitleAverage Salary
Banking-100%
AML Analyst156,000 THB+42%
Assistant Bank Branch Manager134,000 THB+22%
Assistant Bank Manager179,000 THB+63%
ATM Manager153,000 THB+40%
ATM Service Technician38,700 THB-65%
Bank Accounts Analyst56,500 THB-48%
Bank Accounts Collector36,800 THB-66%
Bank Accounts Controller73,600 THB-33%
Bank Accounts Executive111,000 THB+1%
Bank Accounts Manager130,000 THB+19%
Bank Auditing Manager127,000 THB+16%
Bank Branch Manager180,000 THB+64%
Bank Branch Operations Coordinator79,200 THB-28%
Bank Clerk34,700 THB-68%
Bank Client Service Associate50,300 THB-54%
Bank Collector37,500 THB-66%
Bank Compliance Specialist96,500 THB-12%
Bank Manager206,000 THB+88%
Bank Operational Risk Manager200,000 THB+83%
Bank Operations Head204,000 THB+86%
Bank Operations Officer85,400 THB-22%
Bank Operations Specialist131,000 THB+20%
Bank Process Manager115,000 THB+5%
Bank Product Manager 132,000 THB+21%
Bank Programme Manager146,000 THB+33%
Bank Project Manager173,000 THB+58%
Bank Propositions Manager154,000 THB+41%
Bank Quantitative Analyst110,000 THB+0%
Bank Regional Manager220,000 THB+100%
Bank Regional Risk Officer115,000 THB+5%
Bank Relationship Manager164,000 THB+50%
Bank Relationship Officer72,100 THB-34%
Bank Sustainability Analyst120,000 THB+10%
Bank Teller36,600 THB-67%
Banker76,600 THB-30%
Banking Business Analyst111,000 THB+1%
Banking Business Development Officer66,300 THB-39%
Banking Business Planning Executive157,000 THB+43%
Banking Data Analyst125,000 THB+14%
Banking Product Manager131,000 THB+20%
Banking Reference Data Manager125,000 THB+14%
Banking Regulatory Compliance Officer130,000 THB+19%
Banking Risk Analyst109,000 THB-0%
Banking Technical Analyst57,100 THB-48%
Bankruptcy Coordinator78,900 THB-28%
Bill and Account Collector38,900 THB-64%
Blockchain Analyst97,900 THB-11%
Blockchain Architect104,000 THB-5%
Blockchain Auditor94,000 THB-14%
Blockchain Compliance Analyst98,500 THB-10%
Blockchain Consultant105,000 THB-4%
Blockchain Trade Facilitator88,600 THB-19%
Budget Analyst112,000 THB+2%
Capital Risk Manager213,000 THB+94%
Cards Marketing Manager133,000 THB+21%
Cash Management Manager188,000 THB+72%
Check Processing Manager141,000 THB+29%
Chief Blockchain Officer120,000 THB+10%
Commercial Vault Associate103,000 THB-6%
Corporate Banker77,600 THB-29%
Corporate Dealer119,000 THB+9%
Credit Analyst88,600 THB-19%
Credit and Collections Manager141,000 THB+29%
Credit Card Fraud Investigator110,000 THB+0%
Credit Portfolio Manager207,000 THB+89%
Credit Risk Analyst119,000 THB+9%
Credit Risk Associate116,000 THB+6%
Cryptocurrency Accountant69,600 THB-36%
Cryptocurrency Adviser137,000 THB+25%
Cryptocurrency Analyst104,000 THB-5%
Cryptocurrency Compliance Manager131,000 THB+20%
Cryptocurrency Trader108,000 THB-1%
Digital Banking Manager152,000 THB+39%
Digital Currency Analyst109,000 THB-0%
Direct Bank Sales Representative76,500 THB-30%
Exchange Control Consultant113,000 THB+3%
Executive Account Analyst112,000 THB+2%
Financial Bank Planning Consultant146,000 THB+33%
Financial Banking Analysis Manager164,000 THB+50%
Financial Banking Assistant53,900 THB-51%
Financial Banking Systems Manager156,000 THB+42%
Foreign Exchange Manager153,000 THB+40%
Fraud Analyst119,000 THB+9%
Fraud Detection Associate77,200 THB-30%
Fraud Detection Manager175,000 THB+60%
Fraud Detection Supervisor94,700 THB-14%
Internal Bank Audit Manager203,000 THB+85%
Internal Bank Auditor110,000 THB+0%
Internal Private Banker79,600 THB-27%
International Banking Manager213,000 THB+94%
Investment Banking Analyst156,000 THB+42%
Loan Analyst110,000 THB+0%
Loan Area Manager134,000 THB+22%
Loan Audit Team Leader125,000 THB+14%
Loan Branch Manager126,000 THB+15%
Loan Business Development Officer68,800 THB-37%
Loan Clerk36,900 THB-66%
Loan Collection and Recovery Manager129,000 THB+18%
Loan Collection Manager127,000 THB+16%
Loan Collector35,700 THB-67%
Loan Examiner48,300 THB-56%
Loan Officer41,000 THB-63%
Loan Processing Manager121,000 THB+10%
Loan Processor51,300 THB-53%
Loan Quality Assurance Auditor106,000 THB-3%
Loan Quality Assurance Manager120,000 THB+10%
Loan Quality Assurance Representative81,000 THB-26%
Loan Review Manager124,000 THB+13%
Loan Team Leader112,000 THB+2%
Loans Manager142,000 THB+30%
Mortgage Advisor78,500 THB-28%
Mortgage Collection Manager134,000 THB+22%
Mortgage Collector34,400 THB-69%
Mortgage Credit Analyst56,800 THB-48%
Mortgage Credit Manager121,000 THB+10%
Mortgage Development Manager141,000 THB+29%
Mortgage Document Reviewer48,800 THB-55%
Mortgage Funding Manager147,000 THB+34%
Mortgage Operations Manager192,000 THB+75%
Mortgage Payment Processing Clerk42,900 THB-61%
Mortgage Processing Manager119,000 THB+9%
Mortgage Processor47,600 THB-57%
Mortgage Quality Assurance Auditor113,000 THB+3%
Mortgage Quality Assurance Manager118,000 THB+8%
Mortgage Servicing Clerk37,300 THB-66%
Mortgage Servicing Manager120,000 THB+10%
Mortgage Underwriter44,900 THB-59%
Online Banking Manager184,000 THB+68%
Open Banking Strategist114,000 THB+4%
Payment Processing Clerk38,100 THB-65%
Personal Banker81,600 THB-26%
Personal Banking Advisor 79,500 THB-27%
Phone Banker53,600 THB-51%
Private Banker78,800 THB-28%
Reconciliation and Investigation Specialist87,000 THB-21%
Tax Officer63,800 THB-42%
Teller38,900 THB-64%
Trade Officer45,900 THB-58%
Trade Product Manager134,000 THB+22%
Trader51,400 THB-53%
Treasury Operations Officer93,700 THB-14%
Wealth Management Advisor153,000 THB+40%

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 Thailand is 7% on average across all career fields.

Private Sector
94,300 THB
Public Sector+7%
101,000 THB
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Bank Quantitative Analyst in Thailand?

A good and competitive compensation would range anywhere between 97,900 THB and 111,000 THB. 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 Bank Quantitative Analyst in Thailand ranges from 59,200 THB to 81,900 THB. 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


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