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Banking Average Salaries in Czech Republic 2021

How much money does a person working in Banking make in Czech Republic?

Average Monthly Salary
66,200 CZK
( 795,000 CZK yearly)


A person working in Banking in Czech Republic typically earns around 66,200 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.

Salaries for specific jobs

Job TitleAverage Salary
AML Analyst96,100 CZK
Assistant Bank Branch Manager82,100 CZK
Assistant Bank Manager104,000 CZK
ATM Manager83,900 CZK
ATM Service Technician24,500 CZK
Bank Accounts Analyst36,700 CZK
Bank Accounts Controller46,000 CZK
Bank Accounts Executive65,400 CZK
Bank Accounts Manager80,300 CZK
Bank Auditing Manager75,600 CZK
Bank Branch Manager106,000 CZK
Bank Clerk20,200 CZK
Bank Compliance Specialist58,700 CZK
Bank Manager124,000 CZK
Bank Operational Risk Manager128,000 CZK
Bank Operations Head125,000 CZK
Bank Operations Officer50,200 CZK
Bank Operations Specialist81,900 CZK
Bank Process Manager70,000 CZK
Bank Product Manager 84,000 CZK
Bank Programme Manager89,500 CZK
Bank Project Manager99,200 CZK
Bank Propositions Manager92,400 CZK
Bank Quantitative Analyst60,800 CZK
Bank Regional Manager134,000 CZK
Bank Regional Risk Officer66,100 CZK
Bank Relationship Manager93,900 CZK
Bank Relationship Officer44,000 CZK
Banker43,000 CZK
Banking Business Analyst67,000 CZK
Banking Business Development Officer41,700 CZK
Banking Business Planning Executive96,400 CZK
Banking Product Manager84,100 CZK
Banking Reference Data Manager68,500 CZK
Banking Risk Analyst65,200 CZK
Banking Technical Analyst36,600 CZK
Bankruptcy Coordinator46,700 CZK
Budget Analyst64,800 CZK
Cards Marketing Manager86,600 CZK
Cash Management Manager111,000 CZK
Check Processing Manager87,300 CZK
Commercial Vault Associate67,500 CZK
Corporate Dealer67,800 CZK
Credit Analyst50,900 CZK
Credit and Collections Manager93,500 CZK
Credit Card Fraud Investigator68,700 CZK
Credit Portfolio Manager123,000 CZK
Credit Risk Analyst72,800 CZK
Credit Risk Associate73,500 CZK
Direct Bank Sales Representative45,100 CZK
Financial Bank Planning Consultant83,900 CZK
Financial Banking Analysis Manager95,000 CZK
Financial Banking Assistant32,600 CZK
Financial Banking Systems Manager89,200 CZK
Foreign Exchange Manager101,000 CZK
Fraud Analyst67,000 CZK
Fraud Detection Associate47,900 CZK
Fraud Detection Manager97,900 CZK
Fraud Detection Supervisor55,400 CZK
Internal Bank Audit Manager117,000 CZK
Internal Bank Auditor66,000 CZK
International Banking Manager134,000 CZK
Loan Analyst62,400 CZK
Loan Area Manager80,000 CZK
Loan Audit Team Leader74,900 CZK
Loan Branch Manager71,000 CZK
Loan Business Development Officer40,600 CZK
Loan Clerk22,700 CZK
Loan Collection Manager81,300 CZK
Loan Collector22,500 CZK
Loan Examiner28,700 CZK
Loan Processing Manager67,900 CZK
Loan Processor30,100 CZK
Loan Quality Assurance Auditor64,700 CZK
Loan Quality Assurance Manager76,200 CZK
Loan Quality Assurance Representative48,700 CZK
Loan Review Manager77,700 CZK
Loan Team Leader66,600 CZK
Mortgage Advisor43,800 CZK
Mortgage Collection Manager78,300 CZK
Mortgage Collector20,900 CZK
Mortgage Credit Analyst36,000 CZK
Mortgage Credit Manager72,500 CZK
Mortgage Development Manager87,900 CZK
Mortgage Document Reviewer28,700 CZK
Mortgage Funding Manager81,500 CZK
Mortgage Operations Manager119,000 CZK
Mortgage Payment Processing Clerk25,100 CZK
Mortgage Processing Manager76,400 CZK
Mortgage Processor28,700 CZK
Mortgage Quality Assurance Auditor62,100 CZK
Mortgage Quality Assurance Manager75,400 CZK
Mortgage Servicing Clerk23,500 CZK
Mortgage Servicing Manager71,500 CZK
Mortgage Underwriter27,000 CZK
Online Banking Manager120,000 CZK
Payment Processing Clerk23,500 CZK
Personal Banker46,500 CZK
Personal Banking Advisor 46,800 CZK
Phone Banker30,900 CZK
Private Banker45,800 CZK
Reconciliation and Investigation Specialist52,200 CZK
Teller23,200 CZK
Trade Officer26,900 CZK
Trade Product Manager73,700 CZK
Trader32,700 CZK
Treasury Operations Officer58,900 CZK

Banking Jobs Salary Distribution in Czech Republic

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

  • Salary Range

    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).

  • Median Salary

    The median salary is 63,600 CZK per month, which means that half (50%) of people working in Banking are earning less than 63,600 CZK while the other half are earning more than 63,600 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 people working in Banking are earning less than 38,000 CZK while 75% of them are earning more than 38,000 CZK. Also from the diagram, 75% of people working in Banking are earning less than 95,800 CZK while 25% are earning more than 95,800 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

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.
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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 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.

Banking Salary Comparison By Gender

Salary comparison by gender monthly Czech Republic 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 Czech Republic who work in Banking earn 6% more than their female counterparts on average.

68,300 CZK
64,500 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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Banking Average Annual Salary Increment Percentage in Czech Republic

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


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.

Annual Salary Increment Rate Czech Republic 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.

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 2020

Information Technology

Listed above are the average annual increase rates for each industry in Czech Republic for the year 2020. 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 Czech Republic

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

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.

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 Czech Republic

380 CZK per hour

The average hourly wage (pay per hour) in Czech Republic is 380 CZK. This means that the average person in Czech Republic earns approximately 380 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.

Banking VS Other Jobs

Salary Comparison Between Banking and Banking monthly Czech Republic
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The average salary for Banking is 9% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Prague69,200 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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