HOME BROWSE SALARIES ARTICLES BEST PAYING JOBS SUBMIT SALARY
Browse Salaries
Best Paying Jobs
Articles
Submit Salary
Salary Increase Letters

Banking Average Salaries in Fiji 2024

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


Average Monthly Salary
5,260 FJD
( 63,100 FJD yearly)

LOW
1,650
FJD
AVERAGE
5,260
FJD
HIGH
10,700
FJD
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Banking in Fiji typically earns around 5,260 FJD. Salaries range from 1,650 FJD (lowest average) to 10,700 FJD (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Banking domain in Fiji exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Banking
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 Collector1,600 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 Branch Operations Coordinator3,820 FJD
Bank Clerk1,670 FJD
Bank Client Service Associate2,360 FJD
Bank Collector1,760 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 Manager7,520 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
Bank Sustainability Analyst5,930 FJD
Bank Teller1,740 FJD
Banker3,610 FJD
Banking Business Analyst5,210 FJD
Banking Business Development Officer3,290 FJD
Banking Business Planning Executive7,130 FJD
Banking Data Analyst5,930 FJD
Banking Product Manager6,640 FJD
Banking Reference Data Manager5,860 FJD
Banking Regulatory Compliance Officer5,910 FJD
Banking Risk Analyst4,840 FJD
Banking Technical Analyst2,660 FJD
Bankruptcy Coordinator3,500 FJD
Bill and Account Collector1,840 FJD
Blockchain Analyst4,500 FJD
Blockchain Architect5,090 FJD
Blockchain Auditor4,380 FJD
Blockchain Compliance Analyst4,860 FJD
Blockchain Consultant4,950 FJD
Blockchain Trade Facilitator4,130 FJD
Budget Analyst4,960 FJD
Capital Risk Manager9,240 FJD
Cards Marketing Manager6,220 FJD
Cash Management Manager8,940 FJD
Check Processing Manager6,420 FJD
Chief Blockchain Officer5,470 FJD
Commercial Vault Associate4,830 FJD
Corporate Banker3,690 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
Cryptocurrency Accountant3,230 FJD
Cryptocurrency Adviser6,090 FJD
Cryptocurrency Analyst4,910 FJD
Cryptocurrency Compliance Manager5,930 FJD
Cryptocurrency Trader5,160 FJD
Digital Banking Manager7,010 FJD
Digital Currency Analyst4,930 FJD
Direct Bank Sales Representative3,630 FJD
Exchange Control Consultant5,610 FJD
Executive Account Analyst5,170 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 Manager9,780 FJD
Internal Bank Auditor5,060 FJD
Internal Private Banker3,760 FJD
International Banking Manager10,400 FJD
Investment Banking Analyst7,410 FJD
Loan Analyst5,210 FJD
Loan Area Manager5,940 FJD
Loan Audit Team Leader5,570 FJD
Loan Branch Manager5,930 FJD
Loan Business Development Officer3,110 FJD
Loan Clerk1,770 FJD
Loan Collection and Recovery Manager6,250 FJD
Loan Collection Manager6,420 FJD
Loan Collector1,660 FJD
Loan Examiner2,150 FJD
Loan Officer2,030 FJD
Loan Processing Manager5,700 FJD
Loan Processor2,320 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 Leader5,000 FJD
Loans Manager6,630 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
Open Banking Strategist5,180 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
Tax Officer2,980 FJD
Teller1,790 FJD
Trade Officer2,040 FJD
Trade Product Manager6,270 FJD
Trader2,560 FJD
Treasury Operations Officer4,650 FJD
Wealth Management Advisor7,480 FJD


Banking Jobs Pay Scale and Salaries in Fiji

Median and salary distribution Fiji Banking monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/fiji/banking/median-and-salary-distribution-monthly-fiji-banking.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
5,490 FJD or more
10% of people earn
4,550 to 5,490 FJD
20% of people earn
2,470 FJD or less
65% of people earn
2,470 to 4,550 FJD
Minimum Salary
1,650 FJD
Median
4,910 FJD
Maximum
10,700 FJD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Banking in Fiji range from 1,650 FJD (starting average salary) to 10,700 FJD (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Banking is 4,910 FJD, implying that half of the workforce in Fiji earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Banking in Fiji earn less than 3,670 FJD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 6,040 FJD, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Banking in Fiji. The analysis revealed that roughly 65% of all reported salaries fell within the range of 2,470 FJD to 4,550 FJD. Approximately 20% of salaries were below the 2,470 FJD mark, while 10% ranged from 4,550 FJD to 5,490 FJD. Only 5% of individuals earned a gross salary of 5,490 FJD or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

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 in Banking in Fiji 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.


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.
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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

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.

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 degree levels across many jobs in Banking in Fiji, 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 certificate 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 24,100 FJD to 72,400 FJD and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they 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 to 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 the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Banking / Fiji

Salary comparison by gender Fiji Banking monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/fiji/banking/salary-comparison-by-gender-monthly-fiji-banking.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Banking in Fiji, the average difference between the salary of male and female employees is 11%.

Male
5,530 FJD
Female-10%
4,990 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/fiji/salary-comparison-by-gender-monthly-fiji.jpg

Average Annual Salary Increment Percentage / Banking / Fiji

How much are annual salary increments in Fiji for individuals working in Banking? How often do employees get salary raises?

Professionals working in Banking 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/fiji/banking/annual-salary-increment-rate-fiji-banking.jpg


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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/fiji/annual-salary-increment-rate-fiji.jpg

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / Banking / Fiji

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Fiji Banking
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/fiji/banking/annual-salary-bonus-rate-fiji-banking.jpg

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.

Hourly Average Wage / Banking / Fiji


30 FJD per hour

The average hourly wage (pay per hour) in Banking in Fiji is 30 FJD.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working in Banking in Fiji is 9 FJD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Suva5,620 FJD

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Fiji is 25% on average across all career fields.

Private Sector
4,300 FJD
Public Sector+25%
5,360 FJD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Banking in Fiji?

A good and competitive compensation would range anywhere between 4,910 FJD and 6,040 FJD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for jobs in Banking in Fiji ranges from 1,650 FJD to 3,670 FJD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home BROWSE SALARIES ARTICLES BEST PAYING JOBS Salary Comparison

©Salary Explorer 2024