Loan Clerk Average Salary in Budapest 2024
How much money does a person working as Loan Clerk make in Budapest?
LOW
93,000
HUF AVERAGE
202,000
HUF HIGH
322,000
HUF
A person working as Loan Clerk in Budapest typically earns around 202,000 HUF. Salaries range from 93,000 HUF (lowest) to 322,000 HUF (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Loan Clerk salaries in Budapest vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Loan Clerk Pay Scale and Salaries in Budapest
Salary Structure and Pay Scale Comparison
192,000 HUF or more
168,000 to 192,000 HUF
116,000 HUF or less
116,000 to 168,000 HUF
 93,000 HUF |
193,000 HUF |
322,000 HUF |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Loan Clerk in Budapest range from 93,000 HUF (starting salary) to 322,000 HUF (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 193,000 HUF, half of the professionals who work as Loan Clerk in Budapest earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Loan Clerk in Budapest earn less than 156,000 HUF, while 75% earn more. Similarly, the chart shows that 75% earn less than 223,000 HUF while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Loan Clerk in Budapest compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 116,000 HUF to 168,000 HUF. About 20% of salaries are below the 116,000 HUF mark, while 10% fall within the range of 168,000 HUF to 192,000 HUF. Only 5% of individuals have salaries exceeding 192,000 HUF.
Salary Comparison by Years of Experience / Loan Clerk / Budapest
How do experience and age affect pay?
| 0 - 2 Years | 106,000 HUF | |
| 2 - 5 Years | +34% | 141,000 HUF |
| 5 - 10 Years | +48% | 208,000 HUF |
| 10 - 15 Years | +22% | 254,000 HUF |
| 15 - 20 Years | +9% | 277,000 HUF |
| 20+ Years | +8% | 300,000 HUF |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Loan Clerk and this is what we found.
Employees with less than two years of experience earn approximately 106,000 HUF.
While someone with an experience level between two and five years is expected to earn 141,000 HUF, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 208,000 HUF, 48% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 254,000 HUF, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 277,000 HUF, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 300,000 HUF, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Loan Clerk / Budapest
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Loan Clerk.
| Certificate or Diploma | 123,000 HUF | |
| Bachelor's Degree | +93% | 237,000 HUF |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Loan Clerk in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 123,000 HUF.
Level 2: Bachelor's Degree
At this level, the average salary becomes 237,000 HUF, 93% more than the previous level.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Loan Clerk / Budapest
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Loan Clerk in Hungary, the average difference between the salary of male and female employees is 8%.
| Male | 193,000 HUF | |
| Female | -7% | 179,000 HUF |
Salary Comparison By Gender in Hungary for all Careers
Average Annual Salary Increment Percentage / Loan Clerk / Budapest
How much are annual salary increments in Budapest for individuals working as Loan Clerk? How often do employees get salary raises?
Individuals working as Loan Clerk in Hungary are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.
Hungary / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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 / Loan Clerk / Hungary
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
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.
Average Hourly Wage / Loan Clerk / Budapest
1,170 HUF per hourThe average hourly wage (pay per hour) for individuals working as Loan Clerk in Budapest is 1,170 HUF.This is the rate they get paid for every worked hour.
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 as Loan Clerk in Budapest is 540 HUF. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Banking |  -100% | |
| AML Analyst | 798,000 HUF |  +290% |
| Assistant Bank Branch Manager | 690,000 HUF | +240% |
| Assistant Bank Manager | 913,000 HUF | +350% |
| ATM Manager | 783,000 HUF | +290% |
| ATM Service Technician | 198,000 HUF | -2% |
| Bank Accounts Analyst | 300,000 HUF | +48% |
| Bank Accounts Collector | 176,000 HUF | -13% |
| Bank Accounts Controller | 375,000 HUF | +85% |
| Bank Accounts Executive | 565,000 HUF | +180% |
| Bank Accounts Manager | 666,000 HUF | +230% |
| Bank Auditing Manager | 650,000 HUF | +220% |
| Bank Branch Manager | 926,000 HUF | +360% |
| Bank Branch Operations Coordinator | 404,000 HUF | +100% |
| Bank Clerk | 180,000 HUF | -11% |
| Bank Client Service Associate | 254,000 HUF | +26% |
| Bank Collector | 192,000 HUF | -5% |
| Bank Compliance Specialist | 500,000 HUF | +150% |
| Bank Manager | 1,030,000 HUF | +410% |
| Bank Operational Risk Manager | 1,100,000 HUF | +440% |
| Bank Operations Head | 1,130,000 HUF | +460% |
| Bank Operations Officer | 430,000 HUF | +110% |
| Bank Operations Specialist | 654,000 HUF | +220% |
| Bank Process Manager | 627,000 HUF | +210% |
| Bank Product Manager | 727,000 HUF | +260% |
| Bank Programme Manager | 753,000 HUF | +270% |
| Bank Project Manager | 827,000 HUF | +310% |
| Bank Propositions Manager | 745,000 HUF | +270% |
| Bank Quantitative Analyst | 553,000 HUF | +170% |
| Bank Regional Manager | 1,160,000 HUF | +470% |
| Bank Regional Risk Officer | 596,000 HUF | +190% |
| Bank Relationship Manager | 783,000 HUF | +290% |
| Bank Relationship Officer | 378,000 HUF | +87% |
| Bank Sustainability Analyst | 627,000 HUF | +210% |
| Bank Teller | 189,000 HUF | -7% |
| Banker | 381,000 HUF | +88% |
| Banking Business Analyst | 573,000 HUF | +180% |
| Banking Business Development Officer | 342,000 HUF | +69% |
| Banking Business Planning Executive | 817,000 HUF | +300% |
| Banking Data Analyst | 655,000 HUF | +220% |
| Banking Product Manager | 719,000 HUF | +260% |
| Banking Reference Data Manager | 639,000 HUF | +220% |
| Banking Regulatory Compliance Officer | 682,000 HUF | +240% |
| Banking Risk Analyst | 537,000 HUF | +170% |
| Banking Technical Analyst | 307,000 HUF | +52% |
| Bankruptcy Coordinator | 395,000 HUF | +95% |
| Bill and Account Collector | 206,000 HUF | +2% |
| Blockchain Analyst | 472,000 HUF | +130% |
| Blockchain Architect | 557,000 HUF | +180% |
| Blockchain Auditor | 502,000 HUF | +150% |
| Blockchain Compliance Analyst | 526,000 HUF | +160% |
| Blockchain Consultant | 560,000 HUF | +180% |
| Blockchain Trade Facilitator | 476,000 HUF | +140% |
| Budget Analyst | 577,000 HUF | +190% |
| Capital Risk Manager | 1,020,000 HUF | +400% |
| Cards Marketing Manager | 707,000 HUF | +250% |
| Cash Management Manager | 972,000 HUF | +380% |
| Check Processing Manager | 730,000 HUF | +260% |
| Chief Blockchain Officer | 602,000 HUF | +200% |
| Commercial Vault Associate | 544,000 HUF | +170% |
| Corporate Banker | 401,000 HUF | +98% |
| Corporate Dealer | 561,000 HUF | +180% |
| Credit Analyst | 459,000 HUF | +130% |
| Credit and Collections Manager | 733,000 HUF | +260% |
| Credit Card Fraud Investigator | 571,000 HUF | +180% |
| Credit Portfolio Manager | 1,030,000 HUF | +410% |
| Credit Risk Analyst | 643,000 HUF | +220% |
| Credit Risk Associate | 631,000 HUF | +210% |
| Cryptocurrency Accountant | 348,000 HUF | +72% |
| Cryptocurrency Adviser | 687,000 HUF | +240% |
| Cryptocurrency Analyst | 523,000 HUF | +160% |
| Cryptocurrency Compliance Manager | 660,000 HUF | +230% |
| Cryptocurrency Trader | 600,000 HUF | +200% |
| Digital Banking Manager | 793,000 HUF | +290% |
| Digital Currency Analyst | 569,000 HUF | +180% |
| Direct Bank Sales Representative | 398,000 HUF | +97% |
| Exchange Control Consultant | 598,000 HUF | +200% |
| Executive Account Analyst | 542,000 HUF | +170% |
| Financial Bank Planning Consultant | 757,000 HUF | +270% |
| Financial Banking Analysis Manager | 853,000 HUF | +320% |
| Financial Banking Assistant | 281,000 HUF | +39% |
| Financial Banking Systems Manager | 738,000 HUF | +260% |
| Foreign Exchange Manager | 802,000 HUF | +300% |
| Fraud Analyst | 595,000 HUF | +190% |
| Fraud Detection Associate | 404,000 HUF | +100% |
| Fraud Detection Manager | 880,000 HUF | +340% |
| Fraud Detection Supervisor | 496,000 HUF | +150% |
| Internal Bank Audit Manager | 1,070,000 HUF | +430% |
| Internal Bank Auditor | 522,000 HUF | +160% |
| Internal Private Banker | 425,000 HUF | +110% |
| International Banking Manager | 1,120,000 HUF | +450% |
| Investment Banking Analyst | 811,000 HUF | +300% |
| Loan Analyst | 546,000 HUF | +170% |
| Loan Area Manager | 659,000 HUF | +230% |
| Loan Audit Team Leader | 617,000 HUF | +210% |
| Loan Branch Manager | 621,000 HUF | +210% |
| Loan Business Development Officer | 341,000 HUF | +69% |
| Loan Clerk | 202,000 HUF | -0% |
| Loan Collection and Recovery Manager | 706,000 HUF | +250% |
| Loan Collection Manager | 695,000 HUF | +240% |
| Loan Collector | 177,000 HUF | -12% |
| Loan Examiner | 240,000 HUF | +19% |
| Loan Officer | 216,000 HUF | +7% |
| Loan Processing Manager | 602,000 HUF | +200% |
| Loan Processor | 256,000 HUF | +27% |
| Loan Quality Assurance Auditor | 584,000 HUF | +190% |
| Loan Quality Assurance Manager | 659,000 HUF | +230% |
| Loan Quality Assurance Representative | 404,000 HUF | +100% |
| Loan Review Manager | 620,000 HUF | +210% |
| Loan Team Leader | 563,000 HUF | +180% |
| Loans Manager | 753,000 HUF | +270% |
| Mortgage Advisor | 393,000 HUF | +94% |
| Mortgage Collection Manager | 674,000 HUF | +230% |
| Mortgage Collector | 191,000 HUF | -6% |
| Mortgage Credit Analyst | 285,000 HUF | +41% |
| Mortgage Credit Manager | 610,000 HUF | +200% |
| Mortgage Development Manager | 711,000 HUF | +250% |
| Mortgage Document Reviewer | 246,000 HUF | +22% |
| Mortgage Funding Manager | 742,000 HUF | +270% |
| Mortgage Operations Manager | 972,000 HUF | +380% |
| Mortgage Payment Processing Clerk | 218,000 HUF | +8% |
| Mortgage Processing Manager | 666,000 HUF | +230% |
| Mortgage Processor | 266,000 HUF | +32% |
| Mortgage Quality Assurance Auditor | 573,000 HUF | +180% |
| Mortgage Quality Assurance Manager | 666,000 HUF | +230% |
| Mortgage Servicing Clerk | 189,000 HUF | -7% |
| Mortgage Servicing Manager | 610,000 HUF | +200% |
| Mortgage Underwriter | 229,000 HUF | +13% |
| Online Banking Manager | 968,000 HUF | +380% |
| Open Banking Strategist | 598,000 HUF | +200% |
| Payment Processing Clerk | 201,000 HUF | -1% |
| Personal Banker | 393,000 HUF | +94% |
| Personal Banking Advisor | 413,000 HUF | +100% |
| Phone Banker | 281,000 HUF | +39% |
| Private Banker | 415,000 HUF | +110% |
| Reconciliation and Investigation Specialist | 443,000 HUF | +120% |
| Tax Officer | 338,000 HUF | +67% |
| Teller | 186,000 HUF | -8% |
| Trade Officer | 233,000 HUF | +15% |
| Trade Product Manager | 679,000 HUF | +240% |
| Trader | 289,000 HUF | +43% |
| Treasury Operations Officer | 483,000 HUF | +140% |
| Wealth Management Advisor | 819,000 HUF | +310% |
Salary Comparison By City
| City | Average Salary |
| Budapest | 202,000 HUF |
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 Hungary is 9% on average across all career fields.
| Private Sector | 476,000 HUF | |
| Public Sector | +9% | 518,000 HUF |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Loan Clerk in Budapest?
A good and competitive compensation would range anywhere between 193,000 HUF and 223,000 HUF. 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 a careers like Loan Clerk in Budapest ranges from 93,000 HUF to 156,000 HUF. 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
