Banking Average Salaries in Greece 2023
How much money does a person working in Banking make in Greece?
LOW
830
EUR AVERAGE
2,640
EUR HIGH
5,430
EUR
A person working in Banking in Greece typically earns around 2,640 EUR per month. Salaries range from 830 EUR (lowest average) to 5,430 EUR (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 | 3,580 EUR |
| Assistant Bank Branch Manager | 3,020 EUR |
| Assistant Bank Manager | 3,970 EUR |
| ATM Manager | 3,300 EUR |
| ATM Service Technician | 990 EUR |
| Bank Accounts Analyst | 1,370 EUR |
| Bank Accounts Controller | 1,800 EUR |
| Bank Accounts Executive | 2,620 EUR |
| Bank Accounts Manager | 2,990 EUR |
| Bank Auditing Manager | 3,140 EUR |
| Bank Branch Manager | 4,190 EUR |
| Bank Clerk | 790 EUR |
| Bank Compliance Specialist | 2,140 EUR |
| Bank Manager | 5,130 EUR |
| Bank Operational Risk Manager | 4,740 EUR |
| Bank Operations Head | 4,890 EUR |
| Bank Operations Officer | 1,960 EUR |
| Bank Operations Specialist | 3,150 EUR |
| Bank Process Manager | 2,680 EUR |
| Bank Product Manager | 3,060 EUR |
| Bank Programme Manager | 3,300 EUR |
| Bank Project Manager | 3,760 EUR |
| Bank Propositions Manager | 3,680 EUR |
| Bank Quantitative Analyst | 2,440 EUR |
| Bank Regional Manager | 4,940 EUR |
| Bank Regional Risk Officer | 2,470 EUR |
| Bank Relationship Manager | 3,560 EUR |
| Bank Relationship Officer | 1,640 EUR |
| Banker | 1,770 EUR |
| Banking Business Analyst | 2,600 EUR |
| Banking Business Development Officer | 1,660 EUR |
| Banking Business Planning Executive | 3,640 EUR |
| Banking Product Manager | 3,100 EUR |
| Banking Reference Data Manager | 2,690 EUR |
| Banking Risk Analyst | 2,630 EUR |
| Banking Technical Analyst | 1,330 EUR |
| Bankruptcy Coordinator | 1,850 EUR |
| Budget Analyst | 2,450 EUR |
| Cards Marketing Manager | 3,230 EUR |
| Cash Management Manager | 4,580 EUR |
| Check Processing Manager | 3,330 EUR |
| Commercial Vault Associate | 2,540 EUR |
| Corporate Dealer | 2,770 EUR |
| Credit Analyst | 1,900 EUR |
| Credit and Collections Manager | 3,600 EUR |
| Credit Card Fraud Investigator | 2,710 EUR |
| Credit Portfolio Manager | 4,920 EUR |
| Credit Risk Analyst | 2,820 EUR |
| Credit Risk Associate | 2,620 EUR |
| Direct Bank Sales Representative | 1,830 EUR |
| Financial Bank Planning Consultant | 3,140 EUR |
| Financial Banking Analysis Manager | 3,680 EUR |
| Financial Banking Assistant | 1,170 EUR |
| Financial Banking Systems Manager | 3,650 EUR |
| Foreign Exchange Manager | 3,840 EUR |
| Fraud Analyst | 2,760 EUR |
| Fraud Detection Associate | 1,870 EUR |
| Fraud Detection Manager | 3,980 EUR |
| Fraud Detection Supervisor | 2,230 EUR |
| Internal Bank Audit Manager | 4,490 EUR |
| Internal Bank Auditor | 2,600 EUR |
| International Banking Manager | 5,410 EUR |
| Loan Analyst | 2,590 EUR |
| Loan Area Manager | 3,230 EUR |
| Loan Audit Team Leader | 3,030 EUR |
| Loan Branch Manager | 2,950 EUR |
| Loan Business Development Officer | 1,570 EUR |
| Loan Clerk | 900 EUR |
| Loan Collection Manager | 3,000 EUR |
| Loan Collector | 880 EUR |
| Loan Examiner | 1,150 EUR |
| Loan Processing Manager | 2,790 EUR |
| Loan Processor | 1,150 EUR |
| Loan Quality Assurance Auditor | 2,540 EUR |
| Loan Quality Assurance Manager | 2,780 EUR |
| Loan Quality Assurance Representative | 2,010 EUR |
| Loan Review Manager | 2,990 EUR |
| Loan Team Leader | 2,630 EUR |
| Mortgage Advisor | 1,780 EUR |
| Mortgage Collection Manager | 2,960 EUR |
| Mortgage Collector | 810 EUR |
| Mortgage Credit Analyst | 1,300 EUR |
| Mortgage Credit Manager | 2,970 EUR |
| Mortgage Development Manager | 3,350 EUR |
| Mortgage Document Reviewer | 1,120 EUR |
| Mortgage Funding Manager | 3,280 EUR |
| Mortgage Operations Manager | 4,470 EUR |
| Mortgage Payment Processing Clerk | 970 EUR |
| Mortgage Processing Manager | 2,850 EUR |
| Mortgage Processor | 1,100 EUR |
| Mortgage Quality Assurance Auditor | 2,470 EUR |
| Mortgage Quality Assurance Manager | 2,780 EUR |
| Mortgage Servicing Clerk | 930 EUR |
| Mortgage Servicing Manager | 2,900 EUR |
| Mortgage Underwriter | 1,130 EUR |
| Online Banking Manager | 4,520 EUR |
| Payment Processing Clerk | 910 EUR |
| Personal Banker | 1,930 EUR |
| Personal Banking Advisor | 1,900 EUR |
| Phone Banker | 1,190 EUR |
| Private Banker | 1,820 EUR |
| Reconciliation and Investigation Specialist | 2,190 EUR |
| Teller | 900 EUR |
| Trade Officer | 1,040 EUR |
| Trade Product Manager | 2,930 EUR |
| Trader | 1,210 EUR |
| Treasury Operations Officer | 2,350 EUR |
Banking Jobs Salary Distribution in Greece
The median, the maximum, the minimum, and the range
Salary Range
Banking salaries in Greece range from 830 EUR per month (minimum average salary) to 5,430 EUR per month (maximum average salary, actual maximum is higher).
Median Salary
The median salary is 2,540 EUR per month, which means that half (50%) of people working in Banking are earning less than 2,540 EUR while the other half are earning more than 2,540 EUR. 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 1,520 EUR while 75% of them are earning more than 1,520 EUR. Also from the diagram, 75% of people working in Banking are earning less than 3,820 EUR while 25% are earning more than 3,820 EUR.
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 Greece costs anywhere from 12,200 Euro(s) to 36,500 Euro(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 Greece who work in Banking earn 7% more than their female counterparts on average.
| Male | 2,750 EUR | |
| Female | -7% | 2,570 EUR |
Salary Comparison By Gender in Greece for all Careers
Banking Average Annual Salary Increment Percentage in Greece
How much are annual salary increments in Greece for Banking professionals? How often do employees get salary raises?
Banking
Banking professionals in Greece are likely to observe a salary increase of approximately 11% every 14 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.
Greece / 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 2022
| Banking | 3% | |
| Energy | 6% | |
| Information Technology | 9% | |
| Healthcare | 3% | |
| Travel | 6% | |
| Construction | 9% | |
| Education | 3% |
Listed above are the average annual increase rates for each industry in Greece for the year 2022. 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 Greece
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/greece/banking/annual-salary-bonus-rate-greece-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.
24% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 76% 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 | 76% | |
| No Bonus | 24% |
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 Greece
15 EUR per hourThe average hourly wage (pay per hour) in Greece is 15 EUR. This means that the average person in Greece earns approximately 15 EUR 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 |
| Athens | 2,690 EUR |
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 Greece earn 6% more than their private sector counterparts on average across all sectors.
| Private Sector | 2,370 EUR | |
| Public Sector | +6% | 2,520 EUR |
