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Banking Average Salaries in Turkey 2024

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


Average Monthly Salary
8,570 TRY
( 103,000 TRY yearly)

LOW
2,680
TRY
AVERAGE
8,570
TRY
HIGH
17,500
TRY
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 in Banking in Turkey typically earns around 8,570 TRY. Salaries range from 2,680 TRY (lowest average) to 17,500 TRY (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Banking domain in Turkey exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Banking
AML Analyst11,900 TRY
Assistant Bank Branch Manager10,600 TRY
Assistant Bank Manager13,700 TRY
ATM Manager11,800 TRY
ATM Service Technician3,320 TRY
Bank Accounts Analyst4,860 TRY
Bank Accounts Collector2,810 TRY
Bank Accounts Controller6,110 TRY
Bank Accounts Executive9,260 TRY
Bank Accounts Manager9,920 TRY
Bank Auditing Manager10,900 TRY
Bank Branch Manager14,200 TRY
Bank Branch Operations Coordinator6,610 TRY
Bank Clerk2,850 TRY
Bank Client Service Associate3,940 TRY
Bank Collector2,890 TRY
Bank Compliance Specialist7,220 TRY
Bank Manager16,800 TRY
Bank Operational Risk Manager17,200 TRY
Bank Operations Head16,400 TRY
Bank Operations Officer6,640 TRY
Bank Operations Specialist10,700 TRY
Bank Process Manager9,530 TRY
Bank Product Manager 10,700 TRY
Bank Programme Manager11,600 TRY
Bank Project Manager13,200 TRY
Bank Propositions Manager12,700 TRY
Bank Quantitative Analyst8,580 TRY
Bank Regional Manager16,700 TRY
Bank Regional Risk Officer8,670 TRY
Bank Relationship Manager12,500 TRY
Bank Relationship Officer5,800 TRY
Bank Sustainability Analyst9,530 TRY
Bank Teller2,980 TRY
Banker6,090 TRY
Banking Business Analyst8,930 TRY
Banking Business Development Officer5,360 TRY
Banking Business Planning Executive12,100 TRY
Banking Data Analyst10,000 TRY
Banking Product Manager11,300 TRY
Banking Reference Data Manager9,630 TRY
Banking Regulatory Compliance Officer10,500 TRY
Banking Risk Analyst9,110 TRY
Banking Technical Analyst4,830 TRY
Bankruptcy Coordinator6,500 TRY
Bill and Account Collector3,060 TRY
Blockchain Analyst7,850 TRY
Blockchain Architect8,420 TRY
Blockchain Auditor7,620 TRY
Blockchain Compliance Analyst8,040 TRY
Blockchain Consultant8,600 TRY
Blockchain Trade Facilitator7,490 TRY
Budget Analyst8,950 TRY
Capital Risk Manager16,300 TRY
Cards Marketing Manager11,500 TRY
Cash Management Manager15,300 TRY
Check Processing Manager11,500 TRY
Chief Blockchain Officer10,100 TRY
Commercial Vault Associate8,520 TRY
Corporate Banker6,310 TRY
Corporate Dealer9,330 TRY
Credit Analyst6,680 TRY
Credit and Collections Manager11,800 TRY
Credit Card Fraud Investigator9,260 TRY
Credit Portfolio Manager16,300 TRY
Credit Risk Analyst9,430 TRY
Credit Risk Associate9,640 TRY
Cryptocurrency Accountant5,700 TRY
Cryptocurrency Adviser11,300 TRY
Cryptocurrency Analyst7,830 TRY
Cryptocurrency Compliance Manager9,930 TRY
Cryptocurrency Trader9,080 TRY
Digital Banking Manager11,900 TRY
Digital Currency Analyst8,740 TRY
Direct Bank Sales Representative6,480 TRY
Exchange Control Consultant9,410 TRY
Executive Account Analyst9,010 TRY
Financial Bank Planning Consultant11,000 TRY
Financial Banking Analysis Manager12,700 TRY
Financial Banking Assistant4,210 TRY
Financial Banking Systems Manager12,300 TRY
Foreign Exchange Manager13,400 TRY
Fraud Analyst9,500 TRY
Fraud Detection Associate6,140 TRY
Fraud Detection Manager13,200 TRY
Fraud Detection Supervisor7,570 TRY
Internal Bank Audit Manager16,500 TRY
Internal Bank Auditor8,940 TRY
Internal Private Banker6,530 TRY
International Banking Manager17,500 TRY
Investment Banking Analyst13,200 TRY
Loan Analyst8,420 TRY
Loan Area Manager11,200 TRY
Loan Audit Team Leader10,500 TRY
Loan Branch Manager9,580 TRY
Loan Business Development Officer5,280 TRY
Loan Clerk3,150 TRY
Loan Collection and Recovery Manager10,100 TRY
Loan Collection Manager10,900 TRY
Loan Collector2,800 TRY
Loan Examiner3,820 TRY
Loan Officer3,400 TRY
Loan Processing Manager9,620 TRY
Loan Processor4,100 TRY
Loan Quality Assurance Auditor8,520 TRY
Loan Quality Assurance Manager9,680 TRY
Loan Quality Assurance Representative6,590 TRY
Loan Review Manager10,200 TRY
Loan Team Leader9,270 TRY
Loans Manager12,200 TRY
Mortgage Advisor5,890 TRY
Mortgage Collection Manager10,100 TRY
Mortgage Collector2,890 TRY
Mortgage Credit Analyst4,800 TRY
Mortgage Credit Manager10,300 TRY
Mortgage Development Manager10,900 TRY
Mortgage Document Reviewer3,790 TRY
Mortgage Funding Manager11,500 TRY
Mortgage Operations Manager15,500 TRY
Mortgage Payment Processing Clerk3,480 TRY
Mortgage Processing Manager10,400 TRY
Mortgage Processor3,770 TRY
Mortgage Quality Assurance Auditor8,320 TRY
Mortgage Quality Assurance Manager9,730 TRY
Mortgage Servicing Clerk2,970 TRY
Mortgage Servicing Manager9,650 TRY
Mortgage Underwriter3,710 TRY
Online Banking Manager15,200 TRY
Open Banking Strategist9,180 TRY
Payment Processing Clerk3,160 TRY
Personal Banker6,500 TRY
Personal Banking Advisor 6,730 TRY
Phone Banker4,340 TRY
Private Banker6,570 TRY
Reconciliation and Investigation Specialist7,190 TRY
Tax Officer5,480 TRY
Teller2,990 TRY
Trade Officer3,730 TRY
Trade Product Manager9,870 TRY
Trader4,220 TRY
Treasury Operations Officer7,570 TRY
Wealth Management Advisor12,400 TRY


Banking Jobs Pay Scale and Salaries in Turkey

Median and salary distribution Turkey Banking monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
8,340 TRY or more
10% of people earn
6,910 to 8,340 TRY
20% of people earn
3,750 TRY or less
65% of people earn
3,750 to 6,910 TRY
Minimum Salary
2,680 TRY
Median
7,450 TRY
Maximum
17,500 TRY




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 in Banking in Turkey range from 2,680 TRY (starting average salary) to 17,500 TRY (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Banking is 7,450 TRY, implying that half of the workforce in Turkey earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Banking in Turkey earn less than 5,570 TRY, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 9,170 TRY, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Banking in Turkey. The analysis revealed that roughly 65% of all reported salaries fell within the range of 3,750 TRY to 6,910 TRY. Approximately 20% of salaries were below the 3,750 TRY mark, while 10% ranged from 6,910 TRY to 8,340 TRY. Only 5% of individuals earned a gross salary of 8,340 TRY or higher.

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 in Banking in Turkey 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.


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.
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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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.

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 degree levels across many jobs in Banking in Turkey, 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 certificate 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 Turkey costs anywhere from 39,300 TRY to 118,000 TRY and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Banking / Turkey

Salary comparison by gender Turkey Banking 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? In the field of Banking in Turkey, the average difference between the salary of male and female employees is 13%.

Male
8,970 TRY
Female-12%
7,930 TRY
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Turkey for all Careers

Salary comparison by gender monthly Turkey
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Average Annual Salary Increment Percentage / Banking / Turkey

How much are annual salary increments in Turkey for individuals working in Banking? How often do employees get salary raises?

Professionals working in Banking in Turkey are likely to observe a salary increase of approximately 10% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Turkey 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.

Turkey / All Professions

Annual Salary Increment Rate Turkey
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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 Turkey is 5%.

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 / Banking / Turkey

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Turkey Banking
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26% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 74% 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
74%
No Bonus
26%

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.

Hourly Average Wage / Banking / Turkey


49 TRY per hour

The average hourly wage (pay per hour) in Banking in Turkey is 49 TRY.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 in Banking in Turkey is 15 TRY. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Ankara9,300 TRY
Antalya8,350 TRY
Istanbul10,000 TRY
Izmir8,950 TRY

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 Turkey is 5% on average across all career fields.

Private Sector
7,660 TRY
Public Sector+5%
8,040 TRY
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 in Banking in Turkey?

A good and competitive compensation would range anywhere between 7,450 TRY and 9,170 TRY. 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 jobs in Banking in Turkey ranges from 2,680 TRY to 5,570 TRY. 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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