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Banking Average Salaries in Fiji 2022

How much money does a person working in Banking make in Fiji?


Average Monthly Salary
5,230 FJD
( 62,700 FJD yearly)

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 TitleAverage Salary
AML Analyst7,220 FJD
Assistant Bank Branch Manager6,200 FJD
Assistant Bank Manager7,910 FJD
ATM Manager7,180 FJD
ATM Service Technician1,920 FJD
Bank Accounts Analyst2,640 FJD
Bank Accounts Controller3,350 FJD
Bank Accounts Executive5,350 FJD
Bank Accounts Manager6,030 FJD
Bank Auditing Manager6,030 FJD
Bank Branch Manager8,690 FJD
Bank Clerk1,670 FJD
Bank Compliance Specialist4,450 FJD
Bank Manager9,980 FJD
Bank Operational Risk Manager10,100 FJD
Bank Operations Head9,750 FJD
Bank Operations Officer3,790 FJD
Bank Operations Specialist6,060 FJD
Bank Process Manager5,590 FJD
Bank Product Manager 6,660 FJD
Bank Programme Manager6,760 FJD
Bank Project Manager7,510 FJD
Bank Propositions Manager6,970 FJD
Bank Quantitative Analyst5,150 FJD
Bank Regional Manager10,000 FJD
Bank Regional Risk Officer5,090 FJD
Bank Relationship Manager7,120 FJD
Bank Relationship Officer3,270 FJD
Banker3,610 FJD
Banking Business Analyst5,210 FJD
Banking Business Development Officer3,290 FJD
Banking Business Planning Executive7,130 FJD
Banking Product Manager6,640 FJD
Banking Reference Data Manager5,860 FJD
Banking Risk Analyst4,840 FJD
Banking Technical Analyst2,660 FJD
Bankruptcy Coordinator3,500 FJD
Budget Analyst4,960 FJD
Cards Marketing Manager6,220 FJD
Cash Management Manager8,940 FJD
Check Processing Manager6,420 FJD
Commercial Vault Associate4,830 FJD
Corporate Dealer5,250 FJD
Credit Analyst3,920 FJD
Credit and Collections Manager6,610 FJD
Credit Card Fraud Investigator5,450 FJD
Credit Portfolio Manager9,190 FJD
Credit Risk Analyst5,770 FJD
Credit Risk Associate5,380 FJD
Direct Bank Sales Representative3,630 FJD
Financial Bank Planning Consultant6,460 FJD
Financial Banking Analysis Manager7,880 FJD
Financial Banking Assistant2,480 FJD
Financial Banking Systems Manager6,900 FJD
Foreign Exchange Manager7,180 FJD
Fraud Analyst5,620 FJD
Fraud Detection Associate3,820 FJD
Fraud Detection Manager8,250 FJD
Fraud Detection Supervisor4,490 FJD
Internal Bank Audit Manager9,770 FJD
Internal Bank Auditor5,060 FJD
International Banking Manager10,400 FJD
Loan Analyst5,210 FJD
Loan Area Manager5,940 FJD
Loan Audit Team Leader5,560 FJD
Loan Branch Manager5,930 FJD
Loan Business Development Officer3,110 FJD
Loan Clerk1,770 FJD
Loan Collection Manager6,420 FJD
Loan Collector1,660 FJD
Loan Examiner2,150 FJD
Loan Processing Manager5,700 FJD
Loan Processor2,310 FJD
Loan Quality Assurance Auditor5,060 FJD
Loan Quality Assurance Manager6,040 FJD
Loan Quality Assurance Representative3,920 FJD
Loan Review Manager5,750 FJD
Loan Team Leader4,990 FJD
Mortgage Advisor3,690 FJD
Mortgage Collection Manager6,060 FJD
Mortgage Collector1,640 FJD
Mortgage Credit Analyst2,590 FJD
Mortgage Credit Manager5,870 FJD
Mortgage Development Manager6,540 FJD
Mortgage Document Reviewer2,160 FJD
Mortgage Funding Manager6,900 FJD
Mortgage Operations Manager8,870 FJD
Mortgage Payment Processing Clerk1,900 FJD
Mortgage Processing Manager5,940 FJD
Mortgage Processor2,270 FJD
Mortgage Quality Assurance Auditor5,290 FJD
Mortgage Quality Assurance Manager5,890 FJD
Mortgage Servicing Clerk1,700 FJD
Mortgage Servicing Manager5,820 FJD
Mortgage Underwriter2,140 FJD
Online Banking Manager8,590 FJD
Payment Processing Clerk1,880 FJD
Personal Banker3,540 FJD
Personal Banking Advisor 3,770 FJD
Phone Banker2,580 FJD
Private Banker3,730 FJD
Reconciliation and Investigation Specialist4,140 FJD
Teller1,790 FJD
Trade Officer2,040 FJD
Trade Product Manager6,270 FJD
Trader2,560 FJD
Treasury Operations Officer4,650 FJD

Banking Jobs Salary Distribution in Fiji

Median and salary distribution monthly Fiji Banking
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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?

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.

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 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

Salary comparison by gender monthly Fiji 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 Fiji who work in Banking earn 11% more than their female counterparts on average.

Male
5,500 FJD
Female-10%
4,960 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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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.

Annual Salary Increment Rate Fiji 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.

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

The average salary increase in one year (12 months) in Fiji is 2%.

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

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Banking Bonus and Incentive Rates in Fiji

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

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 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.

Banking Hourly Average Wage in Fiji


30 FJD per hour

The 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.


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 Fiji
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The average salary for Banking is 9% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Suva5,580 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
Percentage increase and decrease are relative to the previous value

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