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Bank Branch Manager Average Salary in Czech Republic 2020

How much money does a Bank Branch Manager make in Czech Republic?

Average Monthly Salary
106,000 CZK
( 1,270,000 CZK yearly)


A person working as a Bank Branch Manager in Czech Republic typically earns around 106,000 CZK per month. Salaries range from 51,800 CZK (lowest) to 165,000 CZK (highest).

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

Bank Branch Manager Salary Distribution in Czech Republic

Median and salary distribution monthly Czech Republic Bank Branch Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Bank Branch Manager salaries in Czech Republic range from 51,800 CZK per month (minimum salary) to 165,000 CZK per month (maximum salary).

  • Median Salary

    The median salary is 108,000 CZK per month, which means that half (50%) of people working as Bank Branch Manager(s) are earning less than 108,000 CZK while the other half are earning more than 108,000 CZK. 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 Bank Branch Manager(s) are earning less than 71,800 CZK while 75% of them are earning more than 71,800 CZK. Also from the diagram, 75% of Bank Branch Manager(s) are earning less than 139,000 CZK while 25% are earning more than 139,000 CZK.

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

Bank Branch Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Czech Republic Bank Branch Manager
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Bank Branch Manager salaries by experience level and this is what we found.

A Bank Branch Manager with less than two years of experience makes approximately 61,400 CZK per month.

While someone with an experience level between two and five years is expected to earn 79,000 CZK per month, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 109,000 CZK per month, 38% more than someone with two to five 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.

Additionally, Bank Branch Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 135,000 CZK per month, 24% 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 145,000 CZK per month, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 154,000 CZK per month, 7% more than people with fifteen to twenty years of experience.

Bank Branch Manager average salary change by experience in Czech Republic

0 - 2 Years
61,400 CZK
2 - 5 Years+29%
79,000 CZK
5 - 10 Years+38%
109,000 CZK
10 - 15 Years+24%
135,000 CZK
15 - 20 Years+7%
145,000 CZK
20+ Years+7%
154,000 CZK
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Bank Branch Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Bank Branch Manager(s) who have the same experience but different education levels.

Salary comparison by education level monthly Czech Republic Bank Branch Manager
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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 Bank Branch Manager salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of a Bank Branch Manager is 76,700 CZK per month.

While someone with a Master's Degree gets a salary of 123,000 CZK per month, 60% more than someone having a Bachelor's Degree degree.

Bank Branch Manager average salary difference by education level in Czech Republic

Bachelor's Degree
76,700 CZK
Master's Degree+60%
123,000 CZK
Percentage increase and decrease are relative to the previous value

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 Czech Republic costs anywhere from 305,000 Czech Koruna(s) to 914,000 Czech Koruna(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 the thoery. 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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Bank Branch Manager Salary Comparison By Gender

Salary comparison by gender monthly Czech Republic Bank Branch Manager
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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 Bank Branch Manager employees in Czech Republic earn 6% more than their female counterparts on average.

108,000 CZK
102,000 CZK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Czech Republic for all Careers

Salary comparison by gender monthly Czech Republic
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Bank Branch Manager Average Annual Salary Increment Percentage in Czech Republic

How much are annual salary increments in Czech Republic for Bank Branch Manager(s)? How often do employees get salary raises?

Bank Branch Manager

Bank Branch Manager(s) in Czech Republic are likely to observe a salary increase of approximately 13% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Czech Republic Bank Branch Manager
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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.

Czech Republic / 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 Czech Republic is 5%.

Annual Increment Rate By Industry 2019

Information Technology

Listed above are the average annual increase rates for each industry in Czech Republic 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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Bank Branch Manager Bonus and Incentive Rates in Czech Republic

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Czech Republic Bank Branch Manager
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A Bank Branch Manager is considered to be a high bonus-based job 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.

18% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 82% 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
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.

Bank Branch Manager Average Hourly Wage in Czech Republic

610 CZK per hour

The average hourly wage (pay per hour) in Czech Republic is 610 CZK. This means that the average Bank Branch Manager in Czech Republic earns approximately 610 CZK 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.

Bank Branch Manager VS Other Jobs

Salary Comparison Between Bank Branch Manager and Banking monthly Czech Republic
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The average salary for Bank Branch Manager is 60% more than that of Banking. Also, Banking salaries are 9% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst96,100 CZK-9%
Assistant Bank Branch Manager82,100 CZK-22%
Assistant Bank Manager104,000 CZK-2%
ATM Manager83,900 CZK-21%
ATM Service Technician24,500 CZK-77%
Bank Accounts Analyst36,700 CZK-65%
Bank Accounts Controller46,000 CZK-56%
Bank Accounts Executive65,400 CZK-38%
Bank Accounts Manager80,300 CZK-24%
Bank Auditing Manager75,600 CZK-28%
Bank Branch Manager106,000 CZK+0%
Bank Clerk20,200 CZK-81%
Bank Compliance Specialist58,700 CZK-44%
Bank Manager124,000 CZK+17%
Bank Operational Risk Manager128,000 CZK+21%
Bank Operations Head125,000 CZK+18%
Bank Operations Officer50,200 CZK-53%
Bank Operations Specialist81,900 CZK-23%
Bank Process Manager70,000 CZK-34%
Bank Product Manager 84,000 CZK-21%
Bank Programme Manager89,500 CZK-15%
Bank Project Manager99,200 CZK-6%
Bank Propositions Manager92,400 CZK-13%
Bank Quantitative Analyst60,800 CZK-42%
Bank Regional Manager134,000 CZK+27%
Bank Regional Risk Officer66,100 CZK-37%
Bank Relationship Manager93,900 CZK-11%
Bank Relationship Officer44,000 CZK-58%
Banker43,000 CZK-59%
Banking Business Analyst67,000 CZK-37%
Banking Business Development Officer41,700 CZK-61%
Banking Business Planning Executive96,400 CZK-9%
Banking Product Manager84,100 CZK-20%
Banking Reference Data Manager68,500 CZK-35%
Banking Risk Analyst65,200 CZK-38%
Banking Technical Analyst36,600 CZK-65%
Bankruptcy Coordinator46,700 CZK-56%
Budget Analyst64,800 CZK-39%
Cards Marketing Manager86,600 CZK-18%
Cash Management Manager111,000 CZK+5%
Check Processing Manager87,300 CZK-17%
Commercial Vault Associate67,500 CZK-36%
Corporate Dealer67,800 CZK-36%
Credit Analyst50,900 CZK-52%
Credit and Collections Manager93,500 CZK-12%
Credit Card Fraud Investigator68,700 CZK-35%
Credit Portfolio Manager123,000 CZK+16%
Credit Risk Analyst72,800 CZK-31%
Credit Risk Associate73,500 CZK-30%
Direct Bank Sales Representative45,100 CZK-57%
Financial Bank Planning Consultant83,900 CZK-21%
Financial Banking Analysis Manager95,000 CZK-10%
Financial Banking Assistant32,600 CZK-69%
Financial Banking Systems Manager89,200 CZK-16%
Foreign Exchange Manager101,000 CZK-4%
Fraud Analyst67,000 CZK-37%
Fraud Detection Associate47,900 CZK-55%
Fraud Detection Manager97,900 CZK-7%
Fraud Detection Supervisor55,400 CZK-48%
Internal Bank Audit Manager117,000 CZK+11%
Internal Bank Auditor66,000 CZK-38%
International Banking Manager134,000 CZK+27%
Loan Analyst62,400 CZK-41%
Loan Area Manager80,000 CZK-24%
Loan Audit Team Leader74,900 CZK-29%
Loan Branch Manager71,000 CZK-33%
Loan Business Development Officer40,600 CZK-62%
Loan Clerk22,700 CZK-79%
Loan Collection Manager81,300 CZK-23%
Loan Collector22,500 CZK-79%
Loan Examiner28,700 CZK-73%
Loan Processing Manager67,900 CZK-36%
Loan Processor30,100 CZK-72%
Loan Quality Assurance Auditor64,700 CZK-39%
Loan Quality Assurance Manager76,200 CZK-28%
Loan Quality Assurance Representative48,700 CZK-54%
Loan Review Manager77,700 CZK-27%
Loan Team Leader66,600 CZK-37%
Mortgage Advisor43,800 CZK-59%
Mortgage Collection Manager78,300 CZK-26%
Mortgage Collector20,900 CZK-80%
Mortgage Credit Analyst36,000 CZK-66%
Mortgage Credit Manager72,500 CZK-31%
Mortgage Development Manager87,900 CZK-17%
Mortgage Document Reviewer28,700 CZK-73%
Mortgage Funding Manager81,500 CZK-23%
Mortgage Operations Manager119,000 CZK+13%
Mortgage Payment Processing Clerk25,100 CZK-76%
Mortgage Processing Manager76,400 CZK-28%
Mortgage Processor28,700 CZK-73%
Mortgage Quality Assurance Auditor62,100 CZK-41%
Mortgage Quality Assurance Manager75,400 CZK-29%
Mortgage Servicing Clerk23,500 CZK-78%
Mortgage Servicing Manager71,500 CZK-32%
Mortgage Underwriter27,000 CZK-74%
Online Banking Manager120,000 CZK+13%
Payment Processing Clerk23,500 CZK-78%
Personal Banker46,500 CZK-56%
Personal Banking Advisor 46,800 CZK-56%
Phone Banker30,900 CZK-71%
Private Banker45,800 CZK-57%
Reconciliation and Investigation Specialist52,200 CZK-51%
Teller23,200 CZK-78%
Trade Officer26,900 CZK-75%
Trade Product Manager73,700 CZK-30%
Trader32,700 CZK-69%
Treasury Operations Officer58,900 CZK-44%

Salary Comparison By City

CityAverage Salary
Prague123,000 CZK

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 Czech Republic earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
59,100 CZK
Public Sector+7%
63,300 CZK
Percentage increase and decrease are relative to the previous value

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