A person working in Banking in Frankfurt typically earns around 4,410 EUR per month. Salaries range from 1,390 EUR (lowest average) to 9,040 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.
|Job Title||Average Salary|
|AML Analyst||5,970 EUR|
|Assistant Bank Branch Manager||5,040 EUR|
|Assistant Bank Manager||6,610 EUR|
|ATM Manager||5,500 EUR|
|ATM Service Technician||1,650 EUR|
|Bank Accounts Analyst||2,280 EUR|
|Bank Accounts Controller||2,990 EUR|
|Bank Accounts Executive||4,370 EUR|
|Bank Accounts Manager||4,980 EUR|
|Bank Auditing Manager||5,220 EUR|
|Bank Branch Manager||6,980 EUR|
|Bank Clerk||1,320 EUR|
|Bank Compliance Specialist||3,560 EUR|
|Bank Manager||8,540 EUR|
|Bank Operational Risk Manager||7,890 EUR|
|Bank Operations Head||8,150 EUR|
|Bank Operations Officer||3,270 EUR|
|Bank Operations Specialist||5,250 EUR|
|Bank Process Manager||4,470 EUR|
|Bank Product Manager||5,100 EUR|
|Bank Programme Manager||5,500 EUR|
|Bank Project Manager||6,260 EUR|
|Bank Propositions Manager||6,140 EUR|
|Bank Quantitative Analyst||4,070 EUR|
|Bank Regional Manager||8,220 EUR|
|Bank Regional Risk Officer||4,120 EUR|
|Bank Relationship Manager||5,930 EUR|
|Bank Relationship Officer||2,740 EUR|
|Banking Business Analyst||4,340 EUR|
|Banking Business Development Officer||2,770 EUR|
|Banking Business Planning Executive||6,060 EUR|
|Banking Product Manager||5,170 EUR|
|Banking Reference Data Manager||4,490 EUR|
|Banking Risk Analyst||4,390 EUR|
|Banking Technical Analyst||2,220 EUR|
|Bankruptcy Coordinator||3,070 EUR|
|Budget Analyst||4,080 EUR|
|Cards Marketing Manager||5,370 EUR|
|Cash Management Manager||7,630 EUR|
|Check Processing Manager||5,550 EUR|
|Commercial Vault Associate||4,240 EUR|
|Corporate Dealer||4,620 EUR|
|Credit Analyst||3,170 EUR|
|Credit and Collections Manager||5,990 EUR|
|Credit Card Fraud Investigator||4,520 EUR|
|Credit Portfolio Manager||8,190 EUR|
|Credit Risk Analyst||4,690 EUR|
|Credit Risk Associate||4,360 EUR|
|Direct Bank Sales Representative||3,050 EUR|
|Financial Bank Planning Consultant||5,230 EUR|
|Financial Banking Analysis Manager||6,130 EUR|
|Financial Banking Assistant||1,950 EUR|
|Financial Banking Systems Manager||6,070 EUR|
|Foreign Exchange Manager||6,400 EUR|
|Fraud Analyst||4,590 EUR|
|Fraud Detection Associate||3,120 EUR|
|Fraud Detection Manager||6,630 EUR|
|Fraud Detection Supervisor||3,710 EUR|
|Internal Bank Audit Manager||7,490 EUR|
|Internal Bank Auditor||4,330 EUR|
|International Banking Manager||9,010 EUR|
|Loan Analyst||4,320 EUR|
|Loan Area Manager||5,390 EUR|
|Loan Audit Team Leader||5,040 EUR|
|Loan Branch Manager||4,920 EUR|
|Loan Business Development Officer||2,610 EUR|
|Loan Clerk||1,500 EUR|
|Loan Collection Manager||5,000 EUR|
|Loan Collector||1,460 EUR|
|Loan Examiner||1,910 EUR|
|Loan Processing Manager||4,650 EUR|
|Loan Processor||1,910 EUR|
|Loan Quality Assurance Auditor||4,230 EUR|
|Loan Quality Assurance Manager||4,630 EUR|
|Loan Quality Assurance Representative||3,350 EUR|
|Loan Review Manager||4,980 EUR|
|Loan Team Leader||4,380 EUR|
|Mortgage Advisor||2,970 EUR|
|Mortgage Collection Manager||4,920 EUR|
|Mortgage Collector||1,350 EUR|
|Mortgage Credit Analyst||2,160 EUR|
|Mortgage Credit Manager||4,940 EUR|
|Mortgage Development Manager||5,580 EUR|
|Mortgage Document Reviewer||1,870 EUR|
|Mortgage Funding Manager||5,460 EUR|
|Mortgage Operations Manager||7,450 EUR|
|Mortgage Payment Processing Clerk||1,620 EUR|
|Mortgage Processing Manager||4,750 EUR|
|Mortgage Processor||1,840 EUR|
|Mortgage Quality Assurance Auditor||4,120 EUR|
|Mortgage Quality Assurance Manager||4,640 EUR|
|Mortgage Servicing Clerk||1,540 EUR|
|Mortgage Servicing Manager||4,830 EUR|
|Mortgage Underwriter||1,880 EUR|
|Online Banking Manager||7,540 EUR|
|Payment Processing Clerk||1,510 EUR|
|Personal Banker||3,210 EUR|
|Personal Banking Advisor||3,170 EUR|
|Phone Banker||1,970 EUR|
|Private Banker||3,030 EUR|
|Reconciliation and Investigation Specialist||3,640 EUR|
|Trade Officer||1,730 EUR|
|Trade Product Manager||4,880 EUR|
|Treasury Operations Officer||3,920 EUR|
Banking salaries in Frankfurt range from 1,390 EUR per month (minimum average salary) to 9,040 EUR per month (maximum average salary, actual maximum is higher).
The median salary is 4,230 EUR per month, which means that half (50%) of people working in Banking are earning less than 4,230 EUR while the other half are earning more than 4,230 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.
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 2,530 EUR while 75% of them are earning more than 2,530 EUR. Also from the diagram, 75% of people working in Banking are earning less than 6,370 EUR while 25% are earning more than 6,370 EUR.
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
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.
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.
A Master's degree program or any post-graduate program in Germany costs anywhere from 19,100 Euro(s) to 57,200 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.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Germany who work in Banking earn 6% more than their female counterparts on average.
Banking professionals in Germany 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.
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.
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
Listed above are the average annual increase rates for each industry in Germany for the year 2019. 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.
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.
16% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 84% 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.
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.
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.
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.
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.
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.
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.
The average salary for Banking is 9% more than that of All Jobs.
Where can you get paid more, working for a private company or for the government? Public sector employees in Germany earn 5% more than their private sector counterparts on average across all sectors.