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Bank Branch Manager Average Salary in Fiji 2020

How much money does a Bank Branch Manager make in Fiji?


Average Monthly Salary
8,440 FJD
( 101,000 FJD yearly)

LOW
3,880
FJD
AVERAGE
8,440
FJD
HIGH
13,400
FJD

A person working as a Bank Branch Manager in Fiji typically earns around 8,440 FJD per month. Salaries range from 3,880 FJD (lowest) to 13,400 FJD (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 Fiji

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

  • Salary Range

    Bank Branch Manager salaries in Fiji range from 3,880 FJD per month (minimum salary) to 13,400 FJD per month (maximum salary).

  • Median Salary

    The median salary is 9,120 FJD per month, which means that half (50%) of people working as Bank Branch Manager(s) are earning less than 9,120 FJD while the other half are earning more than 9,120 FJD. 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 5,850 FJD while 75% of them are earning more than 5,850 FJD. Also from the diagram, 75% of Bank Branch Manager(s) are earning less than 12,200 FJD while 25% are earning more than 12,200 FJD.


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 Fiji 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 4,410 FJD per month.

While someone with an experience level between two and five years is expected to earn 5,890 FJD per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 8,700 FJD per month, 48% 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 10,600 FJD per month, 22% 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 11,600 FJD per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 12,500 FJD per month, 8% more than people with fifteen to twenty years of experience.


Bank Branch Manager average salary change by experience in Fiji

0 - 2 Years
4,410 FJD
2 - 5 Years+34%
5,890 FJD
5 - 10 Years+48%
8,700 FJD
10 - 15 Years+22%
10,600 FJD
15 - 20 Years+9%
11,600 FJD
20+ Years+8%
12,500 FJD
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 Fiji 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 5,120 FJD per month.

While someone with a Master's Degree gets a salary of 9,890 FJD per month, 93% more than someone having a Bachelor's Degree degree.


Bank Branch Manager average salary difference by education level in Fiji

Bachelor's Degree
5,120 FJD
Master's Degree+93%
9,890 FJD
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 Fiji costs anywhere from 29,200 Fiji Dollar(s) to 87,700 Fiji Dollar(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 Fiji 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 Fiji earn 16% more than their female counterparts.

Female
7,830 FJD
Male+16%
9,050 FJD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Fiji for all Careers

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

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

Bank Branch Manager

Bank Branch Manager(s) in Fiji are likely to observe a salary increase of approximately 9% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Fiji 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.

Fiji / All Professions

Annual Salary Increment Rate Fiji
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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 Fiji is 2%.

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 Fiji 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 Fiji

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

33% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 67% 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
67%
No Bonus
33%

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 Fiji
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Where can you get paid more, working for a private company or for the government? Public sector Bank Branch Manager employees in Fiji earn 25% more than their private sector counterparts.

Private Sector
5,200 FJD
Public Sector+25%
6,490 FJD
Percentage increase and decrease are relative to the previous value

Bank Branch Manager Salary Trend and Forecast in Fiji

How are Bank Branch Manager salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Fiji Bank Branch Manager
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Average Salary 2016
7,300 FJD
Average Salary 2017+4%
7,570 FJD
Average Salary 2018+4%
7,850 FJD
Average Salary 2019+4%
8,140 FJD
Percentage increase and decrease are relative to the previous value

Bank Branch Manager salaries in Fiji are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 4% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Bank Branch Manager Average Hourly Wage in Fiji


49 FJD per hour

The average hourly wage (pay per hour) in Fiji is 49 FJD. This means that the average Bank Branch Manager in Fiji earns approximately 49 FJD 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 Fiji
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The average salary for Bank Branch Manager is 28% more than that of Banking. Also, Banking salaries are 13% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst7,760 FJD-8%
Assistant Bank Branch Manager7,150 FJD-15%
Assistant Bank Manager7,880 FJD-7%
ATM Manager7,950 FJD-6%
ATM Service Technician4,080 FJD-52%
Bank Accounts Analyst5,100 FJD-40%
Bank Accounts Controller5,530 FJD-34%
Bank Accounts Executive6,450 FJD-24%
Bank Accounts Manager6,700 FJD-21%
Bank Auditing Manager6,760 FJD-20%
Bank Branch Manager8,440 FJD-0%
Bank Clerk4,160 FJD-51%
Bank Compliance Specialist5,760 FJD-32%
Bank Manager12,200 FJD+45%
Bank Operational Risk Manager9,170 FJD+9%
Bank Operations Head9,320 FJD+10%
Bank Operations Officer5,300 FJD-37%
Bank Operations Specialist7,320 FJD-13%
Bank Process Manager6,040 FJD-28%
Bank Product Manager 6,550 FJD-22%
Bank Programme Manager7,580 FJD-10%
Bank Project Manager7,290 FJD-14%
Bank Propositions Manager7,560 FJD-10%
Bank Quantitative Analyst6,210 FJD-26%
Bank Regional Manager8,530 FJD+1%
Bank Regional Risk Officer5,670 FJD-33%
Bank Relationship Manager6,820 FJD-19%
Bank Relationship Officer5,210 FJD-38%
Banker5,510 FJD-35%
Banking Business Analyst6,280 FJD-26%
Banking Business Development Officer5,470 FJD-35%
Banking Business Planning Executive7,650 FJD-9%
Banking Product Manager7,770 FJD-8%
Banking Reference Data Manager7,070 FJD-16%
Banking Risk Analyst5,840 FJD-31%
Banking Technical Analyst5,140 FJD-39%
Bankruptcy Coordinator6,360 FJD-25%
Budget Analyst5,990 FJD-29%
Cards Marketing Manager7,270 FJD-14%
Cash Management Manager8,330 FJD-1%
Check Processing Manager7,680 FJD-9%
Commercial Vault Associate5,820 FJD-31%
Corporate Dealer6,310 FJD-25%
Credit Analyst6,910 FJD-18%
Credit and Collections Manager7,180 FJD-15%
Credit Card Fraud Investigator6,570 FJD-22%
Credit Portfolio Manager8,760 FJD+4%
Credit Risk Analyst7,580 FJD-10%
Credit Risk Associate6,500 FJD-23%
Direct Bank Sales Representative5,760 FJD-32%
Financial Bank Planning Consultant6,770 FJD-20%
Financial Banking Analysis Manager7,990 FJD-5%
Financial Banking Assistant5,280 FJD-37%
Financial Banking Systems Manager7,290 FJD-14%
Foreign Exchange Manager7,350 FJD-13%
Fraud Analyst6,600 FJD-22%
Fraud Detection Associate6,520 FJD-23%
Fraud Detection Manager8,300 FJD-2%
Fraud Detection Supervisor6,420 FJD-24%
Internal Bank Audit Manager8,540 FJD+1%
Internal Bank Auditor6,090 FJD-28%
International Banking Manager10,100 FJD+20%
Loan Analyst6,280 FJD-26%
Loan Area Manager6,580 FJD-22%
Loan Audit Team Leader6,710 FJD-21%
Loan Branch Manager7,150 FJD-15%
Loan Business Development Officer5,900 FJD-30%
Loan Clerk4,300 FJD-49%
Loan Collection Manager7,190 FJD-15%
Loan Collector3,750 FJD-56%
Loan Examiner4,590 FJD-46%
Loan Processing Manager6,090 FJD-28%
Loan Processor5,500 FJD-35%
Loan Quality Assurance Auditor6,100 FJD-28%
Loan Quality Assurance Manager7,290 FJD-14%
Loan Quality Assurance Representative5,660 FJD-33%
Loan Review Manager6,200 FJD-27%
Loan Team Leader6,030 FJD-29%
Mortgage Advisor6,190 FJD-27%
Mortgage Collection Manager6,730 FJD-20%
Mortgage Collector4,470 FJD-47%
Mortgage Credit Analyst5,010 FJD-41%
Mortgage Credit Manager6,110 FJD-28%
Mortgage Development Manager7,350 FJD-13%
Mortgage Document Reviewer4,550 FJD-46%
Mortgage Funding Manager7,820 FJD-7%
Mortgage Operations Manager8,220 FJD-3%
Mortgage Payment Processing Clerk4,160 FJD-51%
Mortgage Processing Manager6,890 FJD-18%
Mortgage Processor4,770 FJD-43%
Mortgage Quality Assurance Auditor6,380 FJD-24%
Mortgage Quality Assurance Manager6,490 FJD-23%
Mortgage Servicing Clerk3,630 FJD-57%
Mortgage Servicing Manager6,790 FJD-20%
Mortgage Underwriter4,370 FJD-48%
Online Banking Manager8,190 FJD-3%
Payment Processing Clerk4,290 FJD-49%
Personal Banker5,770 FJD-32%
Personal Banking Advisor 6,180 FJD-27%
Phone Banker5,450 FJD-35%
Private Banker6,660 FJD-21%
Reconciliation and Investigation Specialist5,620 FJD-33%
Teller3,880 FJD-54%
Trade Officer4,300 FJD-49%
Trade Product Manager6,820 FJD-19%
Trader5,280 FJD-37%
Treasury Operations Officer5,970 FJD-29%

Salary Comparison By City

CityAverage Salary
Suva9,200 FJD
0 - 0

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