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Banking Average Salaries in Frankfurt 2020

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


Average Monthly Salary
4,410 EUR
( 52,900 EUR yearly)

LOW
1,390
EUR
AVERAGE
4,410
EUR
HIGH
9,040
EUR

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.

Salaries for specific jobs

Job TitleAverage Salary
AML Analyst5,970 EUR
Assistant Bank Branch Manager5,040 EUR
Assistant Bank Manager6,610 EUR
ATM Manager5,500 EUR
ATM Service Technician1,650 EUR
Bank Accounts Analyst2,280 EUR
Bank Accounts Controller2,990 EUR
Bank Accounts Executive4,370 EUR
Bank Accounts Manager4,980 EUR
Bank Auditing Manager5,220 EUR
Bank Branch Manager6,980 EUR
Bank Clerk1,320 EUR
Bank Compliance Specialist3,560 EUR
Bank Manager8,540 EUR
Bank Operational Risk Manager7,890 EUR
Bank Operations Head8,150 EUR
Bank Operations Officer3,270 EUR
Bank Operations Specialist5,250 EUR
Bank Process Manager4,470 EUR
Bank Product Manager 5,100 EUR
Bank Programme Manager5,500 EUR
Bank Project Manager6,260 EUR
Bank Propositions Manager6,140 EUR
Bank Quantitative Analyst4,070 EUR
Bank Regional Manager8,220 EUR
Bank Regional Risk Officer4,120 EUR
Bank Relationship Manager5,930 EUR
Bank Relationship Officer2,740 EUR
Banker2,940 EUR
Banking Business Analyst4,340 EUR
Banking Business Development Officer2,770 EUR
Banking Business Planning Executive6,060 EUR
Banking Product Manager5,170 EUR
Banking Reference Data Manager4,490 EUR
Banking Risk Analyst4,390 EUR
Banking Technical Analyst2,220 EUR
Bankruptcy Coordinator3,070 EUR
Budget Analyst4,080 EUR
Cards Marketing Manager5,370 EUR
Cash Management Manager7,630 EUR
Check Processing Manager5,550 EUR
Commercial Vault Associate4,240 EUR
Corporate Dealer4,620 EUR
Credit Analyst3,170 EUR
Credit and Collections Manager5,990 EUR
Credit Card Fraud Investigator4,520 EUR
Credit Portfolio Manager8,190 EUR
Credit Risk Analyst4,690 EUR
Credit Risk Associate4,360 EUR
Direct Bank Sales Representative3,050 EUR
Financial Bank Planning Consultant5,230 EUR
Financial Banking Analysis Manager6,130 EUR
Financial Banking Assistant1,950 EUR
Financial Banking Systems Manager6,070 EUR
Foreign Exchange Manager6,400 EUR
Fraud Analyst4,590 EUR
Fraud Detection Associate3,120 EUR
Fraud Detection Manager6,630 EUR
Fraud Detection Supervisor3,710 EUR
Internal Bank Audit Manager7,490 EUR
Internal Bank Auditor4,330 EUR
International Banking Manager9,010 EUR
Loan Analyst4,320 EUR
Loan Area Manager5,390 EUR
Loan Audit Team Leader5,040 EUR
Loan Branch Manager4,920 EUR
Loan Business Development Officer2,610 EUR
Loan Clerk1,500 EUR
Loan Collection Manager5,000 EUR
Loan Collector1,460 EUR
Loan Examiner1,910 EUR
Loan Processing Manager4,650 EUR
Loan Processor1,910 EUR
Loan Quality Assurance Auditor4,230 EUR
Loan Quality Assurance Manager4,630 EUR
Loan Quality Assurance Representative3,350 EUR
Loan Review Manager4,980 EUR
Loan Team Leader4,380 EUR
Mortgage Advisor2,970 EUR
Mortgage Collection Manager4,920 EUR
Mortgage Collector1,350 EUR
Mortgage Credit Analyst2,160 EUR
Mortgage Credit Manager4,940 EUR
Mortgage Development Manager5,580 EUR
Mortgage Document Reviewer1,870 EUR
Mortgage Funding Manager5,460 EUR
Mortgage Operations Manager7,450 EUR
Mortgage Payment Processing Clerk1,620 EUR
Mortgage Processing Manager4,750 EUR
Mortgage Processor1,840 EUR
Mortgage Quality Assurance Auditor4,120 EUR
Mortgage Quality Assurance Manager4,640 EUR
Mortgage Servicing Clerk1,540 EUR
Mortgage Servicing Manager4,830 EUR
Mortgage Underwriter1,880 EUR
Online Banking Manager7,540 EUR
Payment Processing Clerk1,510 EUR
Personal Banker3,210 EUR
Personal Banking Advisor 3,170 EUR
Phone Banker1,970 EUR
Private Banker3,030 EUR
Reconciliation and Investigation Specialist3,640 EUR
Teller1,510 EUR
Trade Officer1,730 EUR
Trade Product Manager4,880 EUR
Trader2,010 EUR
Treasury Operations Officer3,920 EUR

Banking Jobs Salary Distribution in Frankfurt

Median and salary distribution monthly Frankfurt Banking
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The median, the maximum, the minimum, and the range

  • Salary Range

    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).

  • Median Salary

    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.

  • 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 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.


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 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.

Banking Salary Comparison By Gender

Salary comparison by gender monthly Germany 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 Germany who work in Banking earn 6% more than their female counterparts on average.

Male
4,270 EUR
Female-6%
4,020 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Germany for all Careers

Salary comparison by gender monthly Germany
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Banking Average Annual Salary Increment Percentage in Germany

How much are annual salary increments in Germany for Banking professionals? How often do employees get salary raises?

Banking

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.

Annual Salary Increment Rate Germany 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.

Germany / 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 Germany is 6%.

Annual Increment Rate By Industry 2019

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 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.


Worldwide Salary Raises: All Countries and All Jobs

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Banking Bonus and Incentive Rates in Germany

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

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.

Received Bonus
84%
No Bonus
16%

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 Frankfurt


25 EUR per hour

The average hourly wage (pay per hour) in Frankfurt is 25 EUR. This means that the average person in Frankfurt earns approximately 25 EUR 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 Frankfurt
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The average salary for Banking is 9% more than that of All Jobs.

Frankfurt VS Germany

Salary Comparison Between Frankfurt and Germany monthly Banking
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We compared Banking salaries in Frankfurt and Germany and we found that Frankfurt salaries are 6% more than those of Germany.

Salary Comparison By City

CityAverage Salary
Berlin4,720 EUR
Bremen4,090 EUR
Dortmund4,000 EUR
Dresden3,850 EUR
Dusseldorf4,340 EUR
Essen4,170 EUR
Frankfurt4,410 EUR
Hamburg4,640 EUR
Hannover3,760 EUR
Koln4,480 EUR
Leipzig3,930 EUR
Munchen4,560 EUR
Nurnberg3,690 EUR
Stuttgart4,240 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 Germany earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
3,720 EUR
Public Sector+5%
3,900 EUR
Percentage increase and decrease are relative to the previous value

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