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Banking Average Salaries in Germany 2024

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

Average Monthly Salary
4,170 EUR
( 50,000 EUR yearly)

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 Germany typically earns around 4,170 EUR. Salaries range from 1,300 EUR (lowest average) to 8,510 EUR (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 Germany 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
AML Analyst5,780 EUR
Assistant Bank Branch Manager4,780 EUR
Assistant Bank Manager6,390 EUR
ATM Manager5,300 EUR
ATM Service Technician1,430 EUR
Bank Accounts Analyst2,180 EUR
Bank Accounts Collector1,290 EUR
Bank Accounts Controller2,640 EUR
Bank Accounts Executive4,240 EUR
Bank Accounts Manager4,830 EUR
Bank Auditing Manager5,000 EUR
Bank Branch Manager6,650 EUR
Bank Branch Operations Coordinator3,030 EUR
Bank Clerk1,230 EUR
Bank Client Service Associate1,880 EUR
Bank Collector1,300 EUR
Bank Compliance Specialist3,310 EUR
Bank Manager8,000 EUR
Bank Operational Risk Manager7,580 EUR
Bank Operations Head7,680 EUR
Bank Operations Officer2,980 EUR
Bank Operations Specialist4,910 EUR
Bank Process Manager4,370 EUR
Bank Product Manager 4,800 EUR
Bank Programme Manager5,220 EUR
Bank Project Manager6,060 EUR
Bank Propositions Manager5,710 EUR
Bank Quantitative Analyst4,090 EUR
Bank Regional Manager7,980 EUR
Bank Regional Risk Officer4,220 EUR
Bank Relationship Manager5,740 EUR
Bank Relationship Officer2,710 EUR
Bank Sustainability Analyst4,370 EUR
Bank Teller1,390 EUR
Banker2,790 EUR
Banking Business Analyst4,090 EUR
Banking Business Development Officer2,610 EUR
Banking Business Planning Executive5,540 EUR
Banking Data Analyst4,860 EUR
Banking Product Manager4,960 EUR
Banking Reference Data Manager4,330 EUR
Banking Regulatory Compliance Officer4,900 EUR
Banking Risk Analyst3,860 EUR
Banking Technical Analyst2,040 EUR
Bankruptcy Coordinator2,860 EUR
Bill and Account Collector1,400 EUR
Blockchain Analyst3,530 EUR
Blockchain Architect4,020 EUR
Blockchain Auditor3,490 EUR
Blockchain Compliance Analyst3,540 EUR
Blockchain Consultant4,020 EUR
Blockchain Trade Facilitator3,170 EUR
Budget Analyst3,860 EUR
Capital Risk Manager7,450 EUR
Cards Marketing Manager5,150 EUR
Cash Management Manager7,150 EUR
Check Processing Manager5,190 EUR
Chief Blockchain Officer4,640 EUR
Commercial Vault Associate3,750 EUR
Corporate Banker2,950 EUR
Corporate Dealer4,190 EUR
Credit Analyst3,250 EUR
Credit and Collections Manager5,540 EUR
Credit Card Fraud Investigator4,160 EUR
Credit Portfolio Manager7,790 EUR
Credit Risk Analyst4,680 EUR
Credit Risk Associate4,250 EUR
Cryptocurrency Accountant2,610 EUR
Cryptocurrency Adviser4,980 EUR
Cryptocurrency Analyst3,660 EUR
Cryptocurrency Compliance Manager4,460 EUR
Cryptocurrency Trader4,330 EUR
Digital Banking Manager5,550 EUR
Digital Currency Analyst4,080 EUR
Direct Bank Sales Representative2,800 EUR
Exchange Control Consultant4,400 EUR
Executive Account Analyst4,050 EUR
Financial Bank Planning Consultant5,360 EUR
Financial Banking Analysis Manager6,180 EUR
Financial Banking Assistant1,970 EUR
Financial Banking Systems Manager5,520 EUR
Foreign Exchange Manager5,790 EUR
Fraud Analyst4,350 EUR
Fraud Detection Associate2,810 EUR
Fraud Detection Manager6,160 EUR
Fraud Detection Supervisor3,680 EUR
Internal Bank Audit Manager7,400 EUR
Internal Bank Auditor3,860 EUR
Internal Private Banker3,050 EUR
International Banking Manager8,000 EUR
Investment Banking Analyst5,710 EUR
Loan Analyst4,180 EUR
Loan Area Manager4,730 EUR
Loan Audit Team Leader4,430 EUR
Loan Branch Manager4,760 EUR
Loan Business Development Officer2,520 EUR
Loan Clerk1,440 EUR
Loan Collection and Recovery Manager4,700 EUR
Loan Collection Manager4,800 EUR
Loan Collector1,260 EUR
Loan Examiner1,820 EUR
Loan Officer1,590 EUR
Loan Processing Manager4,410 EUR
Loan Processor1,810 EUR
Loan Quality Assurance Auditor3,990 EUR
Loan Quality Assurance Manager4,350 EUR
Loan Quality Assurance Representative3,140 EUR
Loan Review Manager4,660 EUR
Loan Team Leader4,080 EUR
Loans Manager5,490 EUR
Mortgage Advisor2,760 EUR
Mortgage Collection Manager4,560 EUR
Mortgage Collector1,380 EUR
Mortgage Credit Analyst2,200 EUR
Mortgage Credit Manager4,540 EUR
Mortgage Development Manager5,100 EUR
Mortgage Document Reviewer1,700 EUR
Mortgage Funding Manager5,480 EUR
Mortgage Operations Manager6,660 EUR
Mortgage Payment Processing Clerk1,590 EUR
Mortgage Processing Manager4,760 EUR
Mortgage Processor1,840 EUR
Mortgage Quality Assurance Auditor4,050 EUR
Mortgage Quality Assurance Manager4,550 EUR
Mortgage Servicing Clerk1,390 EUR
Mortgage Servicing Manager4,340 EUR
Mortgage Underwriter1,670 EUR
Online Banking Manager6,670 EUR
Open Banking Strategist4,290 EUR
Payment Processing Clerk1,480 EUR
Personal Banker3,040 EUR
Personal Banking Advisor 2,910 EUR
Phone Banker1,950 EUR
Private Banker2,950 EUR
Reconciliation and Investigation Specialist3,230 EUR
Tax Officer2,460 EUR
Teller1,320 EUR
Trade Officer1,710 EUR
Trade Product Manager4,810 EUR
Trader1,970 EUR
Treasury Operations Officer3,690 EUR
Wealth Management Advisor5,910 EUR

Banking Jobs Pay Scale and Salaries in Germany

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

5% of people earn
4,350 EUR or more
10% of people earn
3,600 to 4,350 EUR
20% of people earn
1,960 EUR or less
65% of people earn
1,960 to 3,600 EUR
Minimum Salary
1,300 EUR
3,890 EUR
8,510 EUR

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 Germany range from 1,300 EUR (starting average salary) to 8,510 EUR (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 3,890 EUR, implying that half of the workforce in Germany 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 Germany earn less than 2,910 EUR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 4,790 EUR, 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 Germany. The analysis revealed that roughly 65% of all reported salaries fell within the range of 1,960 EUR to 3,600 EUR. Approximately 20% of salaries were below the 1,960 EUR mark, while 10% ranged from 3,600 EUR to 4,350 EUR. Only 5% of individuals earned a gross salary of 4,350 EUR 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 Germany 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 Germany, 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 Germany costs anywhere from 19,100 EUR to 57,400 EUR 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 / Germany

Salary comparison by gender Germany 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 Germany, the average difference between the salary of male and female employees is 6%.

4,290 EUR
4,050 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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Average Annual Salary Increment Percentage / Banking / Germany

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

Professionals working in Banking 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

Annual Salary Increment Rate Germany
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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 Germany is 6%.

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 / Germany

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Germany Banking
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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
No Bonus

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.

A graphics designer working for a graphics designing company.

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 / Germany

24 EUR per hour

The average hourly wage (pay per hour) in Banking in Germany is 24 EUR.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 Germany is 8 EUR. 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
Berlin4,750 EUR
Bremen4,120 EUR
Dortmund4,020 EUR
Dresden3,880 EUR
Dusseldorf4,370 EUR
Essen4,190 EUR
Frankfurt4,430 EUR
Hamburg4,670 EUR
Hannover3,790 EUR
Koln4,510 EUR
Leipzig3,960 EUR
Munchen4,590 EUR
Nurnberg3,710 EUR
Stuttgart4,270 EUR

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 Germany is 5% on average across all career fields.

Private Sector
3,740 EUR
Public Sector+5%
3,910 EUR
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 Germany?

A good and competitive compensation would range anywhere between 3,890 EUR and 4,790 EUR. 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 Germany ranges from 1,300 EUR to 2,910 EUR. 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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