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Banking Average Salaries in Finland 2024

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


Average Monthly Salary
5,130 EUR
( 61,600 EUR yearly)

LOW
1,610
EUR
AVERAGE
5,130
EUR
HIGH
10,500
EUR
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 Finland typically earns around 5,130 EUR. Salaries range from 1,610 EUR (lowest average) to 10,500 EUR (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 Finland 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 Analyst6,980 EUR
Assistant Bank Branch Manager6,030 EUR
Assistant Bank Manager7,640 EUR
ATM Manager6,950 EUR
ATM Service Technician1,860 EUR
Bank Accounts Analyst2,640 EUR
Bank Accounts Collector1,600 EUR
Bank Accounts Controller3,570 EUR
Bank Accounts Executive5,160 EUR
Bank Accounts Manager5,830 EUR
Bank Auditing Manager5,850 EUR
Bank Branch Manager8,440 EUR
Bank Branch Operations Coordinator3,690 EUR
Bank Clerk1,640 EUR
Bank Client Service Associate2,260 EUR
Bank Collector1,700 EUR
Bank Compliance Specialist4,360 EUR
Bank Manager9,430 EUR
Bank Operational Risk Manager9,510 EUR
Bank Operations Head10,200 EUR
Bank Operations Officer3,990 EUR
Bank Operations Specialist5,730 EUR
Bank Process Manager5,200 EUR
Bank Product Manager 6,290 EUR
Bank Programme Manager6,580 EUR
Bank Project Manager7,520 EUR
Bank Propositions Manager7,060 EUR
Bank Quantitative Analyst4,910 EUR
Bank Regional Manager9,980 EUR
Bank Regional Risk Officer4,990 EUR
Bank Relationship Manager7,120 EUR
Bank Relationship Officer3,250 EUR
Bank Sustainability Analyst5,870 EUR
Bank Teller1,700 EUR
Banker3,390 EUR
Banking Business Analyst5,080 EUR
Banking Business Development Officer3,210 EUR
Banking Business Planning Executive7,020 EUR
Banking Data Analyst5,870 EUR
Banking Product Manager6,230 EUR
Banking Reference Data Manager5,670 EUR
Banking Regulatory Compliance Officer5,860 EUR
Banking Risk Analyst5,000 EUR
Banking Technical Analyst2,700 EUR
Bankruptcy Coordinator3,660 EUR
Bill and Account Collector1,850 EUR
Blockchain Analyst4,100 EUR
Blockchain Architect5,130 EUR
Blockchain Auditor4,420 EUR
Blockchain Compliance Analyst4,440 EUR
Blockchain Consultant4,530 EUR
Blockchain Trade Facilitator4,190 EUR
Budget Analyst4,830 EUR
Capital Risk Manager9,250 EUR
Cards Marketing Manager6,240 EUR
Cash Management Manager8,730 EUR
Check Processing Manager6,280 EUR
Chief Blockchain Officer5,750 EUR
Commercial Vault Associate4,810 EUR
Corporate Banker3,600 EUR
Corporate Dealer5,180 EUR
Credit Analyst3,840 EUR
Credit and Collections Manager6,490 EUR
Credit Card Fraud Investigator5,350 EUR
Credit Portfolio Manager9,550 EUR
Credit Risk Analyst5,340 EUR
Credit Risk Associate5,550 EUR
Cryptocurrency Accountant3,050 EUR
Cryptocurrency Adviser6,380 EUR
Cryptocurrency Analyst4,650 EUR
Cryptocurrency Compliance Manager5,620 EUR
Cryptocurrency Trader4,900 EUR
Digital Banking Manager6,920 EUR
Digital Currency Analyst4,890 EUR
Direct Bank Sales Representative3,570 EUR
Exchange Control Consultant5,050 EUR
Executive Account Analyst4,710 EUR
Financial Bank Planning Consultant6,340 EUR
Financial Banking Analysis Manager7,020 EUR
Financial Banking Assistant2,450 EUR
Financial Banking Systems Manager6,820 EUR
Foreign Exchange Manager7,100 EUR
Fraud Analyst5,290 EUR
Fraud Detection Associate3,780 EUR
Fraud Detection Manager7,820 EUR
Fraud Detection Supervisor4,440 EUR
Internal Bank Audit Manager8,780 EUR
Internal Bank Auditor5,020 EUR
Internal Private Banker3,440 EUR
International Banking Manager10,300 EUR
Investment Banking Analyst7,280 EUR
Loan Analyst4,870 EUR
Loan Area Manager6,140 EUR
Loan Audit Team Leader5,750 EUR
Loan Branch Manager5,540 EUR
Loan Business Development Officer2,910 EUR
Loan Clerk1,830 EUR
Loan Collection and Recovery Manager5,860 EUR
Loan Collection Manager6,020 EUR
Loan Collector1,720 EUR
Loan Examiner2,230 EUR
Loan Officer1,830 EUR
Loan Processing Manager5,360 EUR
Loan Processor2,180 EUR
Loan Quality Assurance Auditor5,270 EUR
Loan Quality Assurance Manager5,710 EUR
Loan Quality Assurance Representative3,700 EUR
Loan Review Manager5,440 EUR
Loan Team Leader5,230 EUR
Loans Manager6,650 EUR
Mortgage Advisor3,500 EUR
Mortgage Collection Manager5,740 EUR
Mortgage Collector1,560 EUR
Mortgage Credit Analyst2,730 EUR
Mortgage Credit Manager5,580 EUR
Mortgage Development Manager6,230 EUR
Mortgage Document Reviewer2,280 EUR
Mortgage Funding Manager6,590 EUR
Mortgage Operations Manager8,510 EUR
Mortgage Payment Processing Clerk1,820 EUR
Mortgage Processing Manager5,670 EUR
Mortgage Processor2,170 EUR
Mortgage Quality Assurance Auditor5,080 EUR
Mortgage Quality Assurance Manager5,670 EUR
Mortgage Servicing Clerk1,800 EUR
Mortgage Servicing Manager5,580 EUR
Mortgage Underwriter2,060 EUR
Online Banking Manager8,550 EUR
Open Banking Strategist5,140 EUR
Payment Processing Clerk1,700 EUR
Personal Banker3,570 EUR
Personal Banking Advisor 3,710 EUR
Phone Banker2,320 EUR
Private Banker3,720 EUR
Reconciliation and Investigation Specialist3,990 EUR
Tax Officer2,980 EUR
Teller1,790 EUR
Trade Officer1,950 EUR
Trade Product Manager6,030 EUR
Trader2,460 EUR
Treasury Operations Officer4,540 EUR
Wealth Management Advisor7,530 EUR


Banking Jobs Pay Scale and Salaries in Finland

Median and salary distribution Finland Banking monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
5,100 EUR or more
10% of people earn
4,220 to 5,100 EUR
20% of people earn
2,290 EUR or less
65% of people earn
2,290 to 4,220 EUR
Minimum Salary
1,610 EUR
Median
4,560 EUR
Maximum
10,500 EUR




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 Finland range from 1,610 EUR (starting average salary) to 10,500 EUR (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 4,560 EUR, implying that half of the workforce in Finland 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 Finland earn less than 3,400 EUR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 5,610 EUR, 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 Finland. The analysis revealed that roughly 65% of all reported salaries fell within the range of 2,290 EUR to 4,220 EUR. Approximately 20% of salaries were below the 2,290 EUR mark, while 10% ranged from 4,220 EUR to 5,100 EUR. Only 5% of individuals earned a gross salary of 5,100 EUR or higher.

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 in Banking in Finland 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
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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 Finland, 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 Finland costs anywhere from 23,500 EUR to 70,600 EUR 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 / Finland

Salary comparison by gender Finland Banking monthly
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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? In the field of Banking in Finland, the average difference between the salary of male and female employees is 4%.

Male
5,240 EUR
Female-4%
5,020 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Finland for all Careers

Salary comparison by gender monthly Finland
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Average Annual Salary Increment Percentage / Banking / Finland

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

Professionals working in Banking in Finland are likely to observe a salary increase of approximately 10% every 14 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate Finland 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.

Finland / All Professions

Annual Salary Increment Rate Finland
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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 Finland is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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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 / Finland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Finland Banking
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22% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 78% 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
78%
No Bonus
22%

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 / Finland


30 EUR per hour

The average hourly wage (pay per hour) in Banking in Finland is 30 EUR.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 Finland is 9 EUR. 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
Helsinki5,480 EUR

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 Finland is 5% on average across all career fields.

Private Sector
4,590 EUR
Public Sector+5%
4,810 EUR
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 Finland?

A good and competitive compensation would range anywhere between 4,560 EUR and 5,610 EUR. 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 Finland ranges from 1,610 EUR to 3,400 EUR. 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


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