Banking Average Salaries in Fiji 2022
How much money does a person working in Banking make in Fiji?
LOW
1,650
FJD AVERAGE
5,230
FJD HIGH
10,700
FJD
A person working in Banking in Fiji typically earns around 5,230 FJD per month. Salaries range from 1,650 FJD (lowest average) to 10,700 FJD (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 Title | Average Salary |
| AML Analyst | 7,220 FJD |
| Assistant Bank Branch Manager | 6,200 FJD |
| Assistant Bank Manager | 7,910 FJD |
| ATM Manager | 7,180 FJD |
| ATM Service Technician | 1,920 FJD |
| Bank Accounts Analyst | 2,640 FJD |
| Bank Accounts Controller | 3,350 FJD |
| Bank Accounts Executive | 5,350 FJD |
| Bank Accounts Manager | 6,030 FJD |
| Bank Auditing Manager | 6,030 FJD |
| Bank Branch Manager | 8,690 FJD |
| Bank Clerk | 1,670 FJD |
| Bank Compliance Specialist | 4,450 FJD |
| Bank Manager | 9,980 FJD |
| Bank Operational Risk Manager | 10,100 FJD |
| Bank Operations Head | 9,750 FJD |
| Bank Operations Officer | 3,790 FJD |
| Bank Operations Specialist | 6,060 FJD |
| Bank Process Manager | 5,590 FJD |
| Bank Product Manager | 6,660 FJD |
| Bank Programme Manager | 6,760 FJD |
| Bank Project Manager | 7,510 FJD |
| Bank Propositions Manager | 6,970 FJD |
| Bank Quantitative Analyst | 5,150 FJD |
| Bank Regional Manager | 10,000 FJD |
| Bank Regional Risk Officer | 5,090 FJD |
| Bank Relationship Manager | 7,120 FJD |
| Bank Relationship Officer | 3,270 FJD |
| Banker | 3,610 FJD |
| Banking Business Analyst | 5,210 FJD |
| Banking Business Development Officer | 3,290 FJD |
| Banking Business Planning Executive | 7,130 FJD |
| Banking Product Manager | 6,640 FJD |
| Banking Reference Data Manager | 5,860 FJD |
| Banking Risk Analyst | 4,840 FJD |
| Banking Technical Analyst | 2,660 FJD |
| Bankruptcy Coordinator | 3,500 FJD |
| Budget Analyst | 4,960 FJD |
| Cards Marketing Manager | 6,220 FJD |
| Cash Management Manager | 8,940 FJD |
| Check Processing Manager | 6,420 FJD |
| Commercial Vault Associate | 4,830 FJD |
| Corporate Dealer | 5,250 FJD |
| Credit Analyst | 3,920 FJD |
| Credit and Collections Manager | 6,610 FJD |
| Credit Card Fraud Investigator | 5,450 FJD |
| Credit Portfolio Manager | 9,190 FJD |
| Credit Risk Analyst | 5,770 FJD |
| Credit Risk Associate | 5,380 FJD |
| Direct Bank Sales Representative | 3,630 FJD |
| Financial Bank Planning Consultant | 6,460 FJD |
| Financial Banking Analysis Manager | 7,880 FJD |
| Financial Banking Assistant | 2,480 FJD |
| Financial Banking Systems Manager | 6,900 FJD |
| Foreign Exchange Manager | 7,180 FJD |
| Fraud Analyst | 5,620 FJD |
| Fraud Detection Associate | 3,820 FJD |
| Fraud Detection Manager | 8,250 FJD |
| Fraud Detection Supervisor | 4,490 FJD |
| Internal Bank Audit Manager | 9,770 FJD |
| Internal Bank Auditor | 5,060 FJD |
| International Banking Manager | 10,400 FJD |
| Loan Analyst | 5,210 FJD |
| Loan Area Manager | 5,940 FJD |
| Loan Audit Team Leader | 5,560 FJD |
| Loan Branch Manager | 5,930 FJD |
| Loan Business Development Officer | 3,110 FJD |
| Loan Clerk | 1,770 FJD |
| Loan Collection Manager | 6,420 FJD |
| Loan Collector | 1,660 FJD |
| Loan Examiner | 2,150 FJD |
| Loan Processing Manager | 5,700 FJD |
| Loan Processor | 2,310 FJD |
| Loan Quality Assurance Auditor | 5,060 FJD |
| Loan Quality Assurance Manager | 6,040 FJD |
| Loan Quality Assurance Representative | 3,920 FJD |
| Loan Review Manager | 5,750 FJD |
| Loan Team Leader | 4,990 FJD |
| Mortgage Advisor | 3,690 FJD |
| Mortgage Collection Manager | 6,060 FJD |
| Mortgage Collector | 1,640 FJD |
| Mortgage Credit Analyst | 2,590 FJD |
| Mortgage Credit Manager | 5,870 FJD |
| Mortgage Development Manager | 6,540 FJD |
| Mortgage Document Reviewer | 2,160 FJD |
| Mortgage Funding Manager | 6,900 FJD |
| Mortgage Operations Manager | 8,870 FJD |
| Mortgage Payment Processing Clerk | 1,900 FJD |
| Mortgage Processing Manager | 5,940 FJD |
| Mortgage Processor | 2,270 FJD |
| Mortgage Quality Assurance Auditor | 5,290 FJD |
| Mortgage Quality Assurance Manager | 5,890 FJD |
| Mortgage Servicing Clerk | 1,700 FJD |
| Mortgage Servicing Manager | 5,820 FJD |
| Mortgage Underwriter | 2,140 FJD |
| Online Banking Manager | 8,590 FJD |
| Payment Processing Clerk | 1,880 FJD |
| Personal Banker | 3,540 FJD |
| Personal Banking Advisor | 3,770 FJD |
| Phone Banker | 2,580 FJD |
| Private Banker | 3,730 FJD |
| Reconciliation and Investigation Specialist | 4,140 FJD |
| Teller | 1,790 FJD |
| Trade Officer | 2,040 FJD |
| Trade Product Manager | 6,270 FJD |
| Trader | 2,560 FJD |
| Treasury Operations Officer | 4,650 FJD |
Banking Jobs Salary Distribution in Fiji
The median, the maximum, the minimum, and the range
Salary Range
Banking salaries in Fiji range from 1,650 FJD per month (minimum average salary) to 10,700 FJD per month (maximum average salary, actual maximum is higher).
Median Salary
The median salary is 5,650 FJD per month, which means that half (50%) of people working in Banking are earning less than 5,650 FJD while the other half are earning more than 5,650 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 people working in Banking are earning less than 3,280 FJD while 75% of them are earning more than 3,280 FJD. Also from the diagram, 75% of people working in Banking are earning less than 8,840 FJD while 25% are earning more than 8,840 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
Salary Comparison by Years of Experience
How does a person's salary progress over time?
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.
Salary Comparison By Education
How does the education level affect your salary?
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.
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 24,000 Fiji Dollar(s) to 72,100 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 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
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Fiji who work in Banking earn 11% more than their female counterparts on average.
| Male | 5,500 FJD | |
| Female | -10% | 4,960 FJD |
Salary Comparison By Gender in Fiji for all Careers
Banking Average Annual Salary Increment Percentage in Fiji
How much are annual salary increments in Fiji for Banking professionals? How often do employees get salary raises?
Banking
Banking professionals in Fiji are likely to observe a salary increase of approximately 7% every 26 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Fiji / 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
Annual Increment Rate By Industry 2021
| 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 2021. 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
Banking Bonus and Incentive Rates in Fiji
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/fiji/banking/annual-salary-bonus-rate-fiji-banking.jpg
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.
36% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 64% 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 | 64% | |
| No Bonus | 36% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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 Fiji
30 FJD per hourThe average hourly wage (pay per hour) in Fiji is 30 FJD. This means that the average person in Fiji earns approximately 30 FJD for every worked hour.
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
The average salary for Banking is 9% more than that of All Jobs.
Salary Comparison By City
| City | Average Salary |
| Suva | 5,580 FJD |
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 Fiji earn 25% more than their private sector counterparts on average across all sectors.
| Private Sector | 4,280 FJD | |
| Public Sector | +25% | 5,340 FJD |
