A person working in Banking in Iran typically earns around 49,000,000 IRR. Salaries range from 15,300,000 IRR (lowest average) to 100,000,000 IRR (highest average, actual maximum salary is higher).
The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Banking domain in Iran 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.
|Job Title||Average Salary|
|AML Analyst||74,400,000 IRR|
|Assistant Bank Branch Manager||64,400,000 IRR|
|Assistant Bank Manager||84,000,000 IRR|
|ATM Manager||71,100,000 IRR|
|ATM Service Technician||19,600,000 IRR|
|Bank Accounts Analyst||27,500,000 IRR|
|Bank Accounts Collector||16,800,000 IRR|
|Bank Accounts Controller||36,000,000 IRR|
|Bank Accounts Executive||53,500,000 IRR|
|Bank Accounts Manager||62,100,000 IRR|
|Bank Auditing Manager||63,300,000 IRR|
|Bank Branch Manager||87,700,000 IRR|
|Bank Branch Operations Coordinator||38,200,000 IRR|
|Bank Clerk||15,400,000 IRR|
|Bank Client Service Associate||22,900,000 IRR|
|Bank Collector||17,400,000 IRR|
|Bank Compliance Specialist||42,300,000 IRR|
|Bank Manager||96,800,000 IRR|
|Bank Operational Risk Manager||94,600,000 IRR|
|Bank Operations Head||98,500,000 IRR|
|Bank Operations Officer||39,400,000 IRR|
|Bank Operations Specialist||60,600,000 IRR|
|Bank Process Manager||53,100,000 IRR|
|Bank Product Manager||62,800,000 IRR|
|Bank Programme Manager||70,300,000 IRR|
|Bank Project Manager||79,100,000 IRR|
|Bank Propositions Manager||72,500,000 IRR|
|Bank Quantitative Analyst||50,000,000 IRR|
|Bank Regional Manager||102,000,000 IRR|
|Bank Regional Risk Officer||49,800,000 IRR|
|Bank Relationship Manager||74,900,000 IRR|
|Bank Relationship Officer||33,100,000 IRR|
|Bank Sustainability Analyst||56,500,000 IRR|
|Bank Teller||16,700,000 IRR|
|Banking Business Analyst||52,100,000 IRR|
|Banking Business Development Officer||30,700,000 IRR|
|Banking Business Planning Executive||71,300,000 IRR|
|Banking Data Analyst||58,100,000 IRR|
|Banking Product Manager||61,900,000 IRR|
|Banking Reference Data Manager||58,000,000 IRR|
|Banking Regulatory Compliance Officer||59,700,000 IRR|
|Banking Risk Analyst||48,900,000 IRR|
|Banking Technical Analyst||28,200,000 IRR|
|Bankruptcy Coordinator||36,100,000 IRR|
|Bill and Account Collector||18,400,000 IRR|
|Blockchain Analyst||44,600,000 IRR|
|Blockchain Architect||51,900,000 IRR|
|Blockchain Auditor||46,100,000 IRR|
|Blockchain Compliance Analyst||47,600,000 IRR|
|Blockchain Consultant||50,000,000 IRR|
|Blockchain Trade Facilitator||43,800,000 IRR|
|Budget Analyst||53,200,000 IRR|
|Capital Risk Manager||97,300,000 IRR|
|Cards Marketing Manager||64,800,000 IRR|
|Cash Management Manager||85,800,000 IRR|
|Check Processing Manager||63,600,000 IRR|
|Chief Blockchain Officer||57,600,000 IRR|
|Commercial Vault Associate||49,800,000 IRR|
|Corporate Banker||35,400,000 IRR|
|Corporate Dealer||51,900,000 IRR|
|Credit Analyst||38,400,000 IRR|
|Credit and Collections Manager||66,800,000 IRR|
|Credit Card Fraud Investigator||51,300,000 IRR|
|Credit Portfolio Manager||93,800,000 IRR|
|Credit Risk Analyst||60,000,000 IRR|
|Credit Risk Associate||52,700,000 IRR|
|Cryptocurrency Accountant||32,300,000 IRR|
|Cryptocurrency Adviser||62,800,000 IRR|
|Cryptocurrency Analyst||47,200,000 IRR|
|Cryptocurrency Compliance Manager||58,700,000 IRR|
|Cryptocurrency Trader||52,700,000 IRR|
|Digital Banking Manager||67,400,000 IRR|
|Digital Currency Analyst||49,800,000 IRR|
|Direct Bank Sales Representative||35,200,000 IRR|
|Exchange Control Consultant||53,900,000 IRR|
|Executive Account Analyst||51,200,000 IRR|
|Financial Bank Planning Consultant||63,300,000 IRR|
|Financial Banking Analysis Manager||73,500,000 IRR|
|Financial Banking Assistant||23,900,000 IRR|
|Financial Banking Systems Manager||68,300,000 IRR|
|Foreign Exchange Manager||73,300,000 IRR|
|Fraud Analyst||53,500,000 IRR|
|Fraud Detection Associate||36,400,000 IRR|
|Fraud Detection Manager||79,300,000 IRR|
|Fraud Detection Supervisor||44,000,000 IRR|
|Internal Bank Audit Manager||92,100,000 IRR|
|Internal Bank Auditor||49,100,000 IRR|
|Internal Private Banker||38,000,000 IRR|
|International Banking Manager||104,000,000 IRR|
|Investment Banking Analyst||71,800,000 IRR|
|Loan Analyst||49,000,000 IRR|
|Loan Area Manager||60,100,000 IRR|
|Loan Audit Team Leader||56,200,000 IRR|
|Loan Branch Manager||55,800,000 IRR|
|Loan Business Development Officer||30,200,000 IRR|
|Loan Clerk||17,700,000 IRR|
|Loan Collection and Recovery Manager||60,000,000 IRR|
|Loan Collection Manager||59,900,000 IRR|
|Loan Collector||16,400,000 IRR|
|Loan Examiner||21,900,000 IRR|
|Loan Officer||19,500,000 IRR|
|Loan Processing Manager||54,200,000 IRR|
|Loan Processor||22,700,000 IRR|
|Loan Quality Assurance Auditor||51,100,000 IRR|
|Loan Quality Assurance Manager||56,900,000 IRR|
|Loan Quality Assurance Representative||38,000,000 IRR|
|Loan Review Manager||57,500,000 IRR|
|Loan Team Leader||51,500,000 IRR|
|Loans Manager||69,000,000 IRR|
|Mortgage Advisor||35,500,000 IRR|
|Mortgage Collection Manager||60,000,000 IRR|
|Mortgage Collector||16,800,000 IRR|
|Mortgage Credit Analyst||27,300,000 IRR|
|Mortgage Credit Manager||57,500,000 IRR|
|Mortgage Development Manager||66,100,000 IRR|
|Mortgage Document Reviewer||22,500,000 IRR|
|Mortgage Funding Manager||67,000,000 IRR|
|Mortgage Operations Manager||90,500,000 IRR|
|Mortgage Payment Processing Clerk||20,000,000 IRR|
|Mortgage Processing Manager||59,400,000 IRR|
|Mortgage Processor||23,400,000 IRR|
|Mortgage Quality Assurance Auditor||51,900,000 IRR|
|Mortgage Quality Assurance Manager||59,500,000 IRR|
|Mortgage Servicing Clerk||18,100,000 IRR|
|Mortgage Servicing Manager||57,600,000 IRR|
|Mortgage Underwriter||22,300,000 IRR|
|Online Banking Manager||88,500,000 IRR|
|Open Banking Strategist||52,300,000 IRR|
|Payment Processing Clerk||18,100,000 IRR|
|Personal Banker||37,600,000 IRR|
|Personal Banking Advisor||36,600,000 IRR|
|Phone Banker||24,300,000 IRR|
|Private Banker||37,000,000 IRR|
|Reconciliation and Investigation Specialist||43,100,000 IRR|
|Tax Officer||31,000,000 IRR|
|Trade Officer||21,400,000 IRR|
|Trade Product Manager||61,500,000 IRR|
|Treasury Operations Officer||43,300,000 IRR|
|Wealth Management Advisor||76,200,000 IRR|
Salaries in Banking in Iran range from 15,300,000 IRR (starting average salary) to 100,000,000 IRR (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.
The median income in the field of Banking is 43,100,000 IRR, implying that half of the workforce in Iran 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.
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 Iran earn less than 32,200,000 IRR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 53,000,000 IRR, while 25% earn more than that.
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 Iran. The analysis revealed that roughly 65% of all reported salaries fell within the range of 21,700,000 IRR to 39,900,000 IRR. Approximately 20% of salaries were below the 21,700,000 IRR mark, while 10% ranged from 39,900,000 IRR to 48,200,000 IRR. Only 5% of individuals earned a gross salary of 48,200,000 IRR or higher.
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 Iran 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 degree levels across many jobs in Banking in Iran, 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.
A Master's degree program or any post-graduate program in Iran costs anywhere from 225,000,000 IRR to 674,000,000 IRR 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.
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 Iran, the average difference between the salary of male and female employees is 11%.
Professionals working in Banking in Iran are likely to observe a salary increase of approximately 10% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 19 months.
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.
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
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.
28% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 72% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 8% 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 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.
The minimum pay rate per hour for people working in Banking in Iran is 88,400 IRR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
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 Iran is 10% on average across all career fields.
A good and competitive compensation would range anywhere between 43,100,000 IRR and 53,000,000 IRR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
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.
The base salary for jobs in Banking in Iran ranges from 15,300,000 IRR to 32,200,000 IRR. 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.
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