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Banking Average Salaries in Bangladesh 2024

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


Average Monthly Salary
28,500 BDT
( 342,000 BDT yearly)

LOW
8,910
BDT
AVERAGE
28,500
BDT
HIGH
58,100
BDT
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 Bangladesh typically earns around 28,500 BDT. Salaries range from 8,910 BDT (lowest average) to 58,100 BDT (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 Bangladesh 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 Analyst40,700 BDT
Assistant Bank Branch Manager35,700 BDT
Assistant Bank Manager46,700 BDT
ATM Manager40,100 BDT
ATM Service Technician11,300 BDT
Bank Accounts Analyst14,900 BDT
Bank Accounts Collector9,600 BDT
Bank Accounts Controller19,000 BDT
Bank Accounts Executive28,800 BDT
Bank Accounts Manager34,000 BDT
Bank Auditing Manager33,400 BDT
Bank Branch Manager47,800 BDT
Bank Branch Operations Coordinator20,600 BDT
Bank Clerk9,400 BDT
Bank Client Service Associate12,600 BDT
Bank Collector9,830 BDT
Bank Compliance Specialist26,200 BDT
Bank Manager55,600 BDT
Bank Operational Risk Manager58,300 BDT
Bank Operations Head54,700 BDT
Bank Operations Officer21,400 BDT
Bank Operations Specialist35,400 BDT
Bank Process Manager32,900 BDT
Bank Product Manager 35,500 BDT
Bank Programme Manager38,900 BDT
Bank Project Manager45,200 BDT
Bank Propositions Manager41,800 BDT
Bank Quantitative Analyst27,500 BDT
Bank Regional Manager57,300 BDT
Bank Regional Risk Officer28,400 BDT
Bank Relationship Manager42,800 BDT
Bank Relationship Officer18,400 BDT
Bank Sustainability Analyst33,600 BDT
Bank Teller9,860 BDT
Banker20,400 BDT
Banking Business Analyst29,800 BDT
Banking Business Development Officer17,800 BDT
Banking Business Planning Executive43,300 BDT
Banking Data Analyst35,100 BDT
Banking Product Manager38,100 BDT
Banking Reference Data Manager32,800 BDT
Banking Regulatory Compliance Officer33,200 BDT
Banking Risk Analyst28,300 BDT
Banking Technical Analyst15,700 BDT
Bankruptcy Coordinator21,400 BDT
Bill and Account Collector10,300 BDT
Blockchain Analyst26,200 BDT
Blockchain Architect28,000 BDT
Blockchain Auditor25,300 BDT
Blockchain Compliance Analyst26,600 BDT
Blockchain Consultant28,400 BDT
Blockchain Trade Facilitator24,300 BDT
Budget Analyst29,900 BDT
Capital Risk Manager55,600 BDT
Cards Marketing Manager35,100 BDT
Cash Management Manager50,700 BDT
Check Processing Manager38,200 BDT
Chief Blockchain Officer32,900 BDT
Commercial Vault Associate29,500 BDT
Corporate Banker20,900 BDT
Corporate Dealer29,900 BDT
Credit Analyst21,800 BDT
Credit and Collections Manager38,700 BDT
Credit Card Fraud Investigator30,200 BDT
Credit Portfolio Manager54,900 BDT
Credit Risk Analyst33,300 BDT
Credit Risk Associate30,000 BDT
Cryptocurrency Accountant18,800 BDT
Cryptocurrency Adviser37,200 BDT
Cryptocurrency Analyst28,400 BDT
Cryptocurrency Compliance Manager32,500 BDT
Cryptocurrency Trader29,600 BDT
Digital Banking Manager38,200 BDT
Digital Currency Analyst27,600 BDT
Direct Bank Sales Representative21,100 BDT
Exchange Control Consultant32,400 BDT
Executive Account Analyst30,100 BDT
Financial Bank Planning Consultant36,000 BDT
Financial Banking Analysis Manager45,300 BDT
Financial Banking Assistant13,500 BDT
Financial Banking Systems Manager39,400 BDT
Foreign Exchange Manager42,900 BDT
Fraud Analyst31,800 BDT
Fraud Detection Associate21,600 BDT
Fraud Detection Manager47,700 BDT
Fraud Detection Supervisor26,600 BDT
Internal Bank Audit Manager52,000 BDT
Internal Bank Auditor28,200 BDT
Internal Private Banker21,500 BDT
International Banking Manager60,600 BDT
Investment Banking Analyst42,900 BDT
Loan Analyst28,800 BDT
Loan Area Manager34,700 BDT
Loan Audit Team Leader32,500 BDT
Loan Branch Manager32,800 BDT
Loan Business Development Officer18,000 BDT
Loan Clerk10,700 BDT
Loan Collection and Recovery Manager34,000 BDT
Loan Collection Manager36,900 BDT
Loan Collector9,450 BDT
Loan Examiner12,800 BDT
Loan Officer11,700 BDT
Loan Processing Manager32,200 BDT
Loan Processor13,700 BDT
Loan Quality Assurance Auditor28,400 BDT
Loan Quality Assurance Manager32,100 BDT
Loan Quality Assurance Representative21,800 BDT
Loan Review Manager33,500 BDT
Loan Team Leader30,500 BDT
Loans Manager37,400 BDT
Mortgage Advisor21,300 BDT
Mortgage Collection Manager33,200 BDT
Mortgage Collector9,430 BDT
Mortgage Credit Analyst15,600 BDT
Mortgage Credit Manager33,400 BDT
Mortgage Development Manager39,000 BDT
Mortgage Document Reviewer12,200 BDT
Mortgage Funding Manager36,900 BDT
Mortgage Operations Manager48,900 BDT
Mortgage Payment Processing Clerk11,000 BDT
Mortgage Processing Manager33,300 BDT
Mortgage Processor13,300 BDT
Mortgage Quality Assurance Auditor28,900 BDT
Mortgage Quality Assurance Manager33,700 BDT
Mortgage Servicing Clerk10,500 BDT
Mortgage Servicing Manager33,800 BDT
Mortgage Underwriter12,800 BDT
Online Banking Manager52,400 BDT
Open Banking Strategist29,100 BDT
Payment Processing Clerk10,900 BDT
Personal Banker21,800 BDT
Personal Banking Advisor 21,900 BDT
Phone Banker13,700 BDT
Private Banker20,400 BDT
Reconciliation and Investigation Specialist24,800 BDT
Tax Officer16,800 BDT
Teller10,200 BDT
Trade Officer11,800 BDT
Trade Product Manager34,300 BDT
Trader14,600 BDT
Treasury Operations Officer25,200 BDT
Wealth Management Advisor41,200 BDT


Banking Jobs Pay Scale and Salaries in Bangladesh

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

5% of people earn
29,700 BDT or more
10% of people earn
24,600 to 29,700 BDT
20% of people earn
13,400 BDT or less
65% of people earn
13,400 to 24,600 BDT
Minimum Salary
8,910 BDT
Median
26,600 BDT
Maximum
58,100 BDT




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 Bangladesh range from 8,910 BDT (starting average salary) to 58,100 BDT (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 26,600 BDT, implying that half of the workforce in Bangladesh 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 Bangladesh earn less than 19,800 BDT, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 32,700 BDT, 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 Bangladesh. The analysis revealed that roughly 65% of all reported salaries fell within the range of 13,400 BDT to 24,600 BDT. Approximately 20% of salaries were below the 13,400 BDT mark, while 10% ranged from 24,600 BDT to 29,700 BDT. Only 5% of individuals earned a gross salary of 29,700 BDT 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 Bangladesh 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 Bangladesh, 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 Bangladesh costs anywhere from 131,000 BDT to 392,000 BDT 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 / Bangladesh

Salary comparison by gender Bangladesh 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 Bangladesh, the average difference between the salary of male and female employees is 21%.

Male
31,200 BDT
Female-18%
25,700 BDT
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bangladesh for all Careers

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

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

Professionals working in Banking in Bangladesh 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 Bangladesh 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.

Bangladesh / All Professions

Annual Salary Increment Rate Bangladesh
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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 Bangladesh is 2%.

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 / Bangladesh

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bangladesh Banking
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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 / Bangladesh


160 BDT per hour

The average hourly wage (pay per hour) in Banking in Bangladesh is 160 BDT.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 Bangladesh is 51 BDT. 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
Barisal28,400 BDT
Bogra29,800 BDT
Chandpur26,100 BDT
Chittagong31,300 BDT
Coxs Bazar27,300 BDT
Dhaka31,800 BDT
Jamalpur26,800 BDT
Jessore28,000 BDT
Khulna30,300 BDT
Rajshahi31,000 BDT
St. Martin25,600 BDT
Sylhet29,200 BDT

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 Bangladesh is 25% on average across all career fields.

Private Sector
23,200 BDT
Public Sector+25%
29,000 BDT
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 Bangladesh?

A good and competitive compensation would range anywhere between 26,600 BDT and 32,700 BDT. 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 Bangladesh ranges from 8,910 BDT to 19,800 BDT. 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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