A person working in Banking in Czech Republic typically earns around 67,200 CZK per month. Salaries range from 20,800 CZK (lowest average) to 136,000 CZK (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||96,100 CZK|
|Assistant Bank Branch Manager||82,100 CZK|
|Assistant Bank Manager||104,000 CZK|
|ATM Manager||83,900 CZK|
|ATM Service Technician||24,500 CZK|
|Bank Accounts Analyst||36,700 CZK|
|Bank Accounts Controller||46,000 CZK|
|Bank Accounts Executive||65,400 CZK|
|Bank Accounts Manager||80,300 CZK|
|Bank Auditing Manager||75,600 CZK|
|Bank Branch Manager||106,000 CZK|
|Bank Clerk||20,200 CZK|
|Bank Compliance Specialist||58,700 CZK|
|Bank Manager||124,000 CZK|
|Bank Operational Risk Manager||128,000 CZK|
|Bank Operations Head||125,000 CZK|
|Bank Operations Officer||50,200 CZK|
|Bank Operations Specialist||81,900 CZK|
|Bank Process Manager||70,000 CZK|
|Bank Product Manager||84,000 CZK|
|Bank Programme Manager||89,500 CZK|
|Bank Project Manager||99,200 CZK|
|Bank Propositions Manager||92,400 CZK|
|Bank Quantitative Analyst||60,800 CZK|
|Bank Regional Manager||134,000 CZK|
|Bank Regional Risk Officer||66,100 CZK|
|Bank Relationship Manager||93,900 CZK|
|Bank Relationship Officer||44,000 CZK|
|Banking Business Analyst||67,000 CZK|
|Banking Business Development Officer||41,700 CZK|
|Banking Business Planning Executive||96,400 CZK|
|Banking Product Manager||84,100 CZK|
|Banking Reference Data Manager||68,500 CZK|
|Banking Risk Analyst||65,200 CZK|
|Banking Technical Analyst||36,600 CZK|
|Bankruptcy Coordinator||46,700 CZK|
|Budget Analyst||64,800 CZK|
|Cards Marketing Manager||86,600 CZK|
|Cash Management Manager||111,000 CZK|
|Check Processing Manager||87,300 CZK|
|Commercial Vault Associate||67,500 CZK|
|Corporate Dealer||67,800 CZK|
|Credit Analyst||50,900 CZK|
|Credit and Collections Manager||93,500 CZK|
|Credit Card Fraud Investigator||68,700 CZK|
|Credit Portfolio Manager||123,000 CZK|
|Credit Risk Analyst||72,800 CZK|
|Credit Risk Associate||73,500 CZK|
|Direct Bank Sales Representative||45,100 CZK|
|Financial Bank Planning Consultant||83,900 CZK|
|Financial Banking Analysis Manager||95,000 CZK|
|Financial Banking Assistant||32,600 CZK|
|Financial Banking Systems Manager||89,200 CZK|
|Foreign Exchange Manager||101,000 CZK|
|Fraud Analyst||67,000 CZK|
|Fraud Detection Associate||47,900 CZK|
|Fraud Detection Manager||97,900 CZK|
|Fraud Detection Supervisor||55,400 CZK|
|Internal Bank Audit Manager||117,000 CZK|
|Internal Bank Auditor||66,000 CZK|
|International Banking Manager||134,000 CZK|
|Loan Analyst||62,400 CZK|
|Loan Area Manager||80,000 CZK|
|Loan Audit Team Leader||74,900 CZK|
|Loan Branch Manager||71,000 CZK|
|Loan Business Development Officer||40,600 CZK|
|Loan Clerk||22,700 CZK|
|Loan Collection Manager||81,300 CZK|
|Loan Collector||22,500 CZK|
|Loan Examiner||28,700 CZK|
|Loan Processing Manager||67,900 CZK|
|Loan Processor||30,100 CZK|
|Loan Quality Assurance Auditor||64,700 CZK|
|Loan Quality Assurance Manager||76,200 CZK|
|Loan Quality Assurance Representative||48,700 CZK|
|Loan Review Manager||77,700 CZK|
|Loan Team Leader||66,600 CZK|
|Mortgage Advisor||43,800 CZK|
|Mortgage Collection Manager||78,300 CZK|
|Mortgage Collector||20,900 CZK|
|Mortgage Credit Analyst||36,000 CZK|
|Mortgage Credit Manager||72,500 CZK|
|Mortgage Development Manager||87,900 CZK|
|Mortgage Document Reviewer||28,700 CZK|
|Mortgage Funding Manager||81,500 CZK|
|Mortgage Operations Manager||119,000 CZK|
|Mortgage Payment Processing Clerk||25,100 CZK|
|Mortgage Processing Manager||76,400 CZK|
|Mortgage Processor||28,700 CZK|
|Mortgage Quality Assurance Auditor||62,100 CZK|
|Mortgage Quality Assurance Manager||75,400 CZK|
|Mortgage Servicing Clerk||23,500 CZK|
|Mortgage Servicing Manager||71,500 CZK|
|Mortgage Underwriter||27,000 CZK|
|Online Banking Manager||120,000 CZK|
|Payment Processing Clerk||23,500 CZK|
|Personal Banker||46,500 CZK|
|Personal Banking Advisor||46,800 CZK|
|Phone Banker||30,900 CZK|
|Private Banker||45,800 CZK|
|Reconciliation and Investigation Specialist||52,200 CZK|
|Trade Officer||26,900 CZK|
|Trade Product Manager||73,700 CZK|
|Treasury Operations Officer||58,900 CZK|
Banking salaries in Czech Republic range from 20,800 CZK per month (minimum average salary) to 136,000 CZK per month (maximum average salary, actual maximum is higher).
The median salary is 64,500 CZK per month, which means that half (50%) of people working in Banking are earning less than 64,500 CZK while the other half are earning more than 64,500 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.
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 38,400 CZK while 75% of them are earning more than 38,400 CZK. Also from the diagram, 75% of people working in Banking are earning less than 96,200 CZK while 25% are earning more than 96,200 CZK.
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 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 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 Czech Republic who work in Banking earn 6% more than their female counterparts on average.
Banking professionals in Czech Republic 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.
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 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.
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.
25% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 75% 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.
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 10% 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 Czech Republic earn 7% more than their private sector counterparts on average across all sectors.