A person working in Banking in Tunisia typically earns around 4,250 TND per month. Salaries range from 1,340 TND (lowest average) to 8,730 TND (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.
|Job Title||Average Salary|
|AML Analyst||5,990 TND|
|Assistant Bank Branch Manager||5,330 TND|
|Assistant Bank Manager||6,890 TND|
|ATM Manager||5,940 TND|
|ATM Service Technician||1,670 TND|
|Bank Accounts Analyst||2,360 TND|
|Bank Accounts Controller||3,090 TND|
|Bank Accounts Executive||4,230 TND|
|Bank Accounts Manager||5,010 TND|
|Bank Auditing Manager||4,960 TND|
|Bank Branch Manager||7,130 TND|
|Bank Clerk||1,420 TND|
|Bank Compliance Specialist||3,590 TND|
|Bank Manager||8,650 TND|
|Bank Operational Risk Manager||8,090 TND|
|Bank Operations Head||8,490 TND|
|Bank Operations Officer||3,390 TND|
|Bank Operations Specialist||4,990 TND|
|Bank Process Manager||4,500 TND|
|Bank Product Manager||5,510 TND|
|Bank Programme Manager||5,820 TND|
|Bank Project Manager||6,440 TND|
|Bank Propositions Manager||6,120 TND|
|Bank Quantitative Analyst||4,380 TND|
|Bank Regional Manager||9,020 TND|
|Bank Regional Risk Officer||4,310 TND|
|Bank Relationship Manager||6,100 TND|
|Bank Relationship Officer||2,850 TND|
|Banking Business Analyst||4,460 TND|
|Banking Business Development Officer||2,680 TND|
|Banking Business Planning Executive||5,990 TND|
|Banking Product Manager||5,300 TND|
|Banking Reference Data Manager||4,850 TND|
|Banking Risk Analyst||4,310 TND|
|Banking Technical Analyst||2,320 TND|
|Bankruptcy Coordinator||3,030 TND|
|Budget Analyst||4,480 TND|
|Cards Marketing Manager||5,580 TND|
|Cash Management Manager||7,630 TND|
|Check Processing Manager||5,760 TND|
|Commercial Vault Associate||4,170 TND|
|Corporate Dealer||4,610 TND|
|Credit Analyst||3,320 TND|
|Credit and Collections Manager||5,880 TND|
|Credit Card Fraud Investigator||4,600 TND|
|Credit Portfolio Manager||8,470 TND|
|Credit Risk Analyst||4,970 TND|
|Credit Risk Associate||4,560 TND|
|Direct Bank Sales Representative||3,210 TND|
|Financial Bank Planning Consultant||5,470 TND|
|Financial Banking Analysis Manager||6,290 TND|
|Financial Banking Assistant||2,080 TND|
|Financial Banking Systems Manager||6,060 TND|
|Foreign Exchange Manager||6,610 TND|
|Fraud Analyst||4,450 TND|
|Fraud Detection Associate||3,020 TND|
|Fraud Detection Manager||6,770 TND|
|Fraud Detection Supervisor||3,720 TND|
|Internal Bank Audit Manager||8,090 TND|
|Internal Bank Auditor||4,390 TND|
|International Banking Manager||8,550 TND|
|Loan Analyst||4,390 TND|
|Loan Area Manager||5,290 TND|
|Loan Audit Team Leader||4,950 TND|
|Loan Branch Manager||5,000 TND|
|Loan Business Development Officer||2,750 TND|
|Loan Clerk||1,480 TND|
|Loan Collection Manager||5,120 TND|
|Loan Collector||1,450 TND|
|Loan Examiner||1,980 TND|
|Loan Processing Manager||4,500 TND|
|Loan Processor||1,920 TND|
|Loan Quality Assurance Auditor||4,410 TND|
|Loan Quality Assurance Manager||5,000 TND|
|Loan Quality Assurance Representative||3,400 TND|
|Loan Review Manager||4,730 TND|
|Loan Team Leader||4,320 TND|
|Mortgage Advisor||3,030 TND|
|Mortgage Collection Manager||5,210 TND|
|Mortgage Collector||1,480 TND|
|Mortgage Credit Analyst||2,220 TND|
|Mortgage Credit Manager||4,770 TND|
|Mortgage Development Manager||5,580 TND|
|Mortgage Document Reviewer||1,940 TND|
|Mortgage Funding Manager||5,870 TND|
|Mortgage Operations Manager||7,850 TND|
|Mortgage Payment Processing Clerk||1,600 TND|
|Mortgage Processing Manager||4,790 TND|
|Mortgage Processor||1,920 TND|
|Mortgage Quality Assurance Auditor||4,220 TND|
|Mortgage Quality Assurance Manager||4,930 TND|
|Mortgage Servicing Clerk||1,510 TND|
|Mortgage Servicing Manager||4,910 TND|
|Mortgage Underwriter||1,880 TND|
|Online Banking Manager||7,420 TND|
|Payment Processing Clerk||1,540 TND|
|Personal Banker||3,150 TND|
|Personal Banking Advisor||3,340 TND|
|Phone Banker||2,130 TND|
|Private Banker||3,210 TND|
|Reconciliation and Investigation Specialist||3,640 TND|
|Trade Officer||1,710 TND|
|Trade Product Manager||5,010 TND|
|Treasury Operations Officer||3,780 TND|
Banking salaries in Tunisia range from 1,340 TND per month (minimum average salary) to 8,730 TND per month (maximum average salary, actual maximum is higher).
The median salary is 4,420 TND per month, which means that half (50%) of people working in Banking are earning less than 4,420 TND while the other half are earning more than 4,420 TND. 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.
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 2,590 TND while 75% of them are earning more than 2,590 TND. Also from the diagram, 75% of people working in Banking are earning less than 6,840 TND while 25% are earning more than 6,840 TND.
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
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.
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.
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.
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.
A Master's degree program or any post-graduate program in Tunisia costs anywhere from 19,600 Tunisian Dinar(s) to 58,700 Tunisian Dinar(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.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Tunisia who work in Banking earn 9% more than their female counterparts on average.
Banking professionals in Tunisia are likely to observe a salary increase of approximately 10% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 19 months.
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.
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
Listed above are the average annual increase rates for each industry in Tunisia for the year 2022. 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.
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.
24% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 76% 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.
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.
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.
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.
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.
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.
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.
The average salary for Banking is 9% more than that of All Jobs.
Where can you get paid more, working for a private company or for the government? Public sector employees in Tunisia earn 13% more than their private sector counterparts on average across all sectors.