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Banking Average Salaries in Croatia 2020

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


Average Monthly Salary
16,400 HRK
( 197,000 HRK yearly)

LOW
5,080
HRK
AVERAGE
16,400
HRK
HIGH
33,100
HRK

A person working in Banking in Croatia typically earns around 16,400 HRK per month. Salaries range from 5,080 HRK (lowest average) to 33,100 HRK (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 Analyst21,800 HRK
Assistant Bank Branch Manager20,200 HRK
Assistant Bank Manager26,000 HRK
ATM Manager21,000 HRK
ATM Service Technician6,090 HRK
Bank Accounts Analyst8,250 HRK
Bank Accounts Controller10,500 HRK
Bank Accounts Executive16,500 HRK
Bank Accounts Manager18,200 HRK
Bank Auditing Manager18,800 HRK
Bank Branch Manager26,100 HRK
Bank Clerk4,890 HRK
Bank Compliance Specialist14,100 HRK
Bank Manager30,100 HRK
Bank Operational Risk Manager31,900 HRK
Bank Operations Head30,500 HRK
Bank Operations Officer11,900 HRK
Bank Operations Specialist19,800 HRK
Bank Process Manager17,700 HRK
Bank Product Manager 20,500 HRK
Bank Programme Manager22,000 HRK
Bank Project Manager24,900 HRK
Bank Propositions Manager22,300 HRK
Bank Quantitative Analyst15,800 HRK
Bank Regional Manager33,600 HRK
Bank Regional Risk Officer15,900 HRK
Bank Relationship Manager23,500 HRK
Bank Relationship Officer10,200 HRK
Banker10,600 HRK
Banking Business Analyst16,400 HRK
Banking Business Development Officer10,200 HRK
Banking Business Planning Executive22,900 HRK
Banking Product Manager20,900 HRK
Banking Reference Data Manager17,100 HRK
Banking Risk Analyst16,400 HRK
Banking Technical Analyst8,730 HRK
Bankruptcy Coordinator11,300 HRK
Budget Analyst15,900 HRK
Cards Marketing Manager19,500 HRK
Cash Management Manager27,100 HRK
Check Processing Manager21,200 HRK
Commercial Vault Associate15,500 HRK
Corporate Dealer15,900 HRK
Credit Analyst12,200 HRK
Credit and Collections Manager22,400 HRK
Credit Card Fraud Investigator16,400 HRK
Credit Portfolio Manager30,300 HRK
Credit Risk Analyst18,800 HRK
Credit Risk Associate16,800 HRK
Direct Bank Sales Representative11,900 HRK
Financial Bank Planning Consultant20,100 HRK
Financial Banking Analysis Manager24,800 HRK
Financial Banking Assistant7,680 HRK
Financial Banking Systems Manager20,900 HRK
Foreign Exchange Manager23,700 HRK
Fraud Analyst16,500 HRK
Fraud Detection Associate11,200 HRK
Fraud Detection Manager26,000 HRK
Fraud Detection Supervisor14,300 HRK
Internal Bank Audit Manager30,000 HRK
Internal Bank Auditor15,200 HRK
International Banking Manager34,000 HRK
Loan Analyst15,700 HRK
Loan Area Manager20,100 HRK
Loan Audit Team Leader18,800 HRK
Loan Branch Manager17,800 HRK
Loan Business Development Officer10,100 HRK
Loan Clerk5,660 HRK
Loan Collection Manager20,200 HRK
Loan Collector5,030 HRK
Loan Examiner7,080 HRK
Loan Processing Manager16,700 HRK
Loan Processor7,360 HRK
Loan Quality Assurance Auditor15,800 HRK
Loan Quality Assurance Manager18,500 HRK
Loan Quality Assurance Representative11,800 HRK
Loan Review Manager18,800 HRK
Loan Team Leader16,100 HRK
Mortgage Advisor11,600 HRK
Mortgage Collection Manager18,800 HRK
Mortgage Collector5,520 HRK
Mortgage Credit Analyst8,580 HRK
Mortgage Credit Manager17,200 HRK
Mortgage Development Manager20,800 HRK
Mortgage Document Reviewer6,770 HRK
Mortgage Funding Manager21,200 HRK
Mortgage Operations Manager27,500 HRK
Mortgage Payment Processing Clerk6,410 HRK
Mortgage Processing Manager17,900 HRK
Mortgage Processor7,430 HRK
Mortgage Quality Assurance Auditor15,900 HRK
Mortgage Quality Assurance Manager19,100 HRK
Mortgage Servicing Clerk5,490 HRK
Mortgage Servicing Manager18,400 HRK
Mortgage Underwriter6,830 HRK
Online Banking Manager27,600 HRK
Payment Processing Clerk5,940 HRK
Personal Banker11,400 HRK
Personal Banking Advisor 12,300 HRK
Phone Banker7,910 HRK
Private Banker11,600 HRK
Reconciliation and Investigation Specialist13,200 HRK
Teller5,250 HRK
Trade Officer6,860 HRK
Trade Product Manager18,800 HRK
Trader8,300 HRK
Treasury Operations Officer14,400 HRK

Banking Jobs Salary Distribution in Croatia

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

  • Salary Range

    Banking salaries in Croatia range from 5,080 HRK per month (minimum average salary) to 33,100 HRK per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 17,700 HRK per month, which means that half (50%) of people working in Banking are earning less than 17,700 HRK while the other half are earning more than 17,700 HRK. 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 10,300 HRK while 75% of them are earning more than 10,300 HRK. Also from the diagram, 75% of people working in Banking are earning less than 27,400 HRK while 25% are earning more than 27,400 HRK.


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 Croatia costs anywhere from 74,200 Croatian Kuna(s) to 223,000 Croatian Kuna(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 Croatia 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 Croatia who work in Banking earn 10% more than their female counterparts on average.

Female
15,600 HRK
Male+10%
17,200 HRK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Croatia for all Careers

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

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

Banking

Banking professionals in Croatia are likely to observe a salary increase of approximately 11% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Croatia 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.

Croatia / 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 Croatia is 6%.

Annual Increment Rate By Industry 2019

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Listed above are the average annual increase rates for each industry in Croatia for the year 2019. 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 Croatia

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

19% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 81% 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.

Received Bonus
81%
No Bonus
19%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Croatia
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Where can you get paid more, working for a private company or for the government? Public sector employees in Croatia earn 10% more than their private sector counterparts on average across all sectors.

Private Sector
14,200 HRK
Public Sector+10%
15,500 HRK
Percentage increase and decrease are relative to the previous value

Banking Hourly Average Wage in Croatia


95 HRK per hour

The average hourly wage (pay per hour) in Croatia is 95 HRK. This means that the average person in Croatia earns approximately 95 HRK 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 Croatia
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The average salary for Banking is 10% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Zadar17,100 HRK
Zagreb18,200 HRK
12350 - 4

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