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Banking Average Salaries in Uzbekistan 2022

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

Average Monthly Salary
1,440,000 UZS
( 17,200,000 UZS yearly)


A person working in Banking in Uzbekistan typically earns around 1,440,000 UZS per month. Salaries range from 452,000 UZS (lowest average) to 2,950,000 UZS (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 Analyst1,980,000 UZS
Assistant Bank Branch Manager1,740,000 UZS
Assistant Bank Manager2,310,000 UZS
ATM Manager2,010,000 UZS
ATM Service Technician517,000 UZS
Bank Accounts Analyst816,000 UZS
Bank Accounts Controller998,000 UZS
Bank Accounts Executive1,530,000 UZS
Bank Accounts Manager1,650,000 UZS
Bank Auditing Manager1,720,000 UZS
Bank Branch Manager2,290,000 UZS
Bank Clerk450,000 UZS
Bank Compliance Specialist1,270,000 UZS
Bank Manager2,680,000 UZS
Bank Operational Risk Manager2,790,000 UZS
Bank Operations Head2,840,000 UZS
Bank Operations Officer1,170,000 UZS
Bank Operations Specialist1,730,000 UZS
Bank Process Manager1,600,000 UZS
Bank Product Manager 1,870,000 UZS
Bank Programme Manager1,890,000 UZS
Bank Project Manager2,150,000 UZS
Bank Propositions Manager1,950,000 UZS
Bank Quantitative Analyst1,390,000 UZS
Bank Regional Manager2,970,000 UZS
Bank Regional Risk Officer1,540,000 UZS
Bank Relationship Manager2,030,000 UZS
Bank Relationship Officer954,000 UZS
Banker1,030,000 UZS
Banking Business Analyst1,490,000 UZS
Banking Business Development Officer903,000 UZS
Banking Business Planning Executive2,040,000 UZS
Banking Product Manager1,820,000 UZS
Banking Reference Data Manager1,640,000 UZS
Banking Risk Analyst1,410,000 UZS
Banking Technical Analyst775,000 UZS
Bankruptcy Coordinator1,060,000 UZS
Budget Analyst1,480,000 UZS
Cards Marketing Manager1,920,000 UZS
Cash Management Manager2,610,000 UZS
Check Processing Manager1,990,000 UZS
Commercial Vault Associate1,460,000 UZS
Corporate Dealer1,470,000 UZS
Credit Analyst1,190,000 UZS
Credit and Collections Manager1,930,000 UZS
Credit Card Fraud Investigator1,530,000 UZS
Credit Portfolio Manager2,730,000 UZS
Credit Risk Analyst1,620,000 UZS
Credit Risk Associate1,630,000 UZS
Direct Bank Sales Representative1,080,000 UZS
Financial Bank Planning Consultant1,960,000 UZS
Financial Banking Analysis Manager2,160,000 UZS
Financial Banking Assistant724,000 UZS
Financial Banking Systems Manager1,930,000 UZS
Foreign Exchange Manager2,140,000 UZS
Fraud Analyst1,610,000 UZS
Fraud Detection Associate1,090,000 UZS
Fraud Detection Manager2,180,000 UZS
Fraud Detection Supervisor1,230,000 UZS
Internal Bank Audit Manager2,740,000 UZS
Internal Bank Auditor1,360,000 UZS
International Banking Manager2,970,000 UZS
Loan Analyst1,460,000 UZS
Loan Area Manager1,730,000 UZS
Loan Audit Team Leader1,620,000 UZS
Loan Branch Manager1,660,000 UZS
Loan Business Development Officer924,000 UZS
Loan Clerk504,000 UZS
Loan Collection Manager1,760,000 UZS
Loan Collector464,000 UZS
Loan Examiner639,000 UZS
Loan Processing Manager1,630,000 UZS
Loan Processor635,000 UZS
Loan Quality Assurance Auditor1,470,000 UZS
Loan Quality Assurance Manager1,690,000 UZS
Loan Quality Assurance Representative1,050,000 UZS
Loan Review Manager1,640,000 UZS
Loan Team Leader1,520,000 UZS
Mortgage Advisor973,000 UZS
Mortgage Collection Manager1,700,000 UZS
Mortgage Collector489,000 UZS
Mortgage Credit Analyst741,000 UZS
Mortgage Credit Manager1,610,000 UZS
Mortgage Development Manager1,910,000 UZS
Mortgage Document Reviewer669,000 UZS
Mortgage Funding Manager1,860,000 UZS
Mortgage Operations Manager2,640,000 UZS
Mortgage Payment Processing Clerk543,000 UZS
Mortgage Processing Manager1,700,000 UZS
Mortgage Processor688,000 UZS
Mortgage Quality Assurance Auditor1,450,000 UZS
Mortgage Quality Assurance Manager1,720,000 UZS
Mortgage Servicing Clerk497,000 UZS
Mortgage Servicing Manager1,630,000 UZS
Mortgage Underwriter599,000 UZS
Online Banking Manager2,610,000 UZS
Payment Processing Clerk496,000 UZS
Personal Banker1,030,000 UZS
Personal Banking Advisor 1,120,000 UZS
Phone Banker722,000 UZS
Private Banker1,050,000 UZS
Reconciliation and Investigation Specialist1,160,000 UZS
Teller491,000 UZS
Trade Officer582,000 UZS
Trade Product Manager1,720,000 UZS
Trader744,000 UZS
Treasury Operations Officer1,280,000 UZS

Banking Jobs Salary Distribution in Uzbekistan

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

  • Salary Range

    Banking salaries in Uzbekistan range from 452,000 UZS per month (minimum average salary) to 2,950,000 UZS per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 1,320,000 UZS per month, which means that half (50%) of people working in Banking are earning less than 1,320,000 UZS while the other half are earning more than 1,320,000 UZS. 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 797,000 UZS while 75% of them are earning more than 797,000 UZS. Also from the diagram, 75% of people working in Banking are earning less than 1,960,000 UZS while 25% are earning more than 1,960,000 UZS.

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 Uzbekistan costs anywhere from 6,600,000 Uzbekistan Sum(s) to 19,800,000 Uzbekistan Sum(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 Uzbekistan 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 Uzbekistan who work in Banking earn 8% more than their female counterparts on average.

1,480,000 UZS
1,380,000 UZS
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Uzbekistan for all Careers

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

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


Banking professionals in Uzbekistan 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 Uzbekistan 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.

Uzbekistan / 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 Uzbekistan is 2%.

Annual Increment Rate By Industry 2021

Information Technology

Listed above are the average annual increase rates for each industry in Uzbekistan 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 Uzbekistan

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

44% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 56% 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
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.

Banking Hourly Average Wage in Uzbekistan

8,280 UZS per hour

The average hourly wage (pay per hour) in Uzbekistan is 8,280 UZS. This means that the average person in Uzbekistan earns approximately 8,280 UZS 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 Uzbekistan
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The average salary for Banking is 9% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Toshkent1,600,000 UZS

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 Uzbekistan earn 10% more than their private sector counterparts on average across all sectors.

Private Sector
1,280,000 UZS
Public Sector+10%
1,410,000 UZS
Percentage increase and decrease are relative to the previous value

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