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Banking Average Salaries in Iran 2023

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

Average Monthly Salary
49,000,000 IRR
( 588,000,000 IRR 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 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).

Salary Variance

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.

Salaries for specific jobs

Job TitleAverage Salary
AML Analyst74,400,000 IRR
Assistant Bank Branch Manager64,400,000 IRR
Assistant Bank Manager84,000,000 IRR
ATM Manager71,100,000 IRR
ATM Service Technician19,600,000 IRR
Bank Accounts Analyst27,500,000 IRR
Bank Accounts Collector16,800,000 IRR
Bank Accounts Controller36,000,000 IRR
Bank Accounts Executive53,500,000 IRR
Bank Accounts Manager62,100,000 IRR
Bank Auditing Manager63,300,000 IRR
Bank Branch Manager87,700,000 IRR
Bank Branch Operations Coordinator38,200,000 IRR
Bank Clerk15,400,000 IRR
Bank Client Service Associate22,900,000 IRR
Bank Collector17,400,000 IRR
Bank Compliance Specialist42,300,000 IRR
Bank Manager96,800,000 IRR
Bank Operational Risk Manager94,600,000 IRR
Bank Operations Head98,500,000 IRR
Bank Operations Officer39,400,000 IRR
Bank Operations Specialist60,600,000 IRR
Bank Process Manager53,100,000 IRR
Bank Product Manager 62,800,000 IRR
Bank Programme Manager70,300,000 IRR
Bank Project Manager79,100,000 IRR
Bank Propositions Manager72,500,000 IRR
Bank Quantitative Analyst50,000,000 IRR
Bank Regional Manager102,000,000 IRR
Bank Regional Risk Officer49,800,000 IRR
Bank Relationship Manager74,900,000 IRR
Bank Relationship Officer33,100,000 IRR
Bank Sustainability Analyst56,500,000 IRR
Bank Teller16,700,000 IRR
Banker34,300,000 IRR
Banking Business Analyst52,100,000 IRR
Banking Business Development Officer30,700,000 IRR
Banking Business Planning Executive71,300,000 IRR
Banking Data Analyst58,100,000 IRR
Banking Product Manager61,900,000 IRR
Banking Reference Data Manager58,000,000 IRR
Banking Regulatory Compliance Officer59,700,000 IRR
Banking Risk Analyst48,900,000 IRR
Banking Technical Analyst28,200,000 IRR
Bankruptcy Coordinator36,100,000 IRR
Bill and Account Collector18,400,000 IRR
Blockchain Analyst44,600,000 IRR
Blockchain Architect51,900,000 IRR
Blockchain Auditor46,100,000 IRR
Blockchain Compliance Analyst47,600,000 IRR
Blockchain Consultant50,000,000 IRR
Blockchain Trade Facilitator43,800,000 IRR
Budget Analyst53,200,000 IRR
Capital Risk Manager97,300,000 IRR
Cards Marketing Manager64,800,000 IRR
Cash Management Manager85,800,000 IRR
Check Processing Manager63,600,000 IRR
Chief Blockchain Officer57,600,000 IRR
Commercial Vault Associate49,800,000 IRR
Corporate Banker35,400,000 IRR
Corporate Dealer51,900,000 IRR
Credit Analyst38,400,000 IRR
Credit and Collections Manager66,800,000 IRR
Credit Card Fraud Investigator51,300,000 IRR
Credit Portfolio Manager93,800,000 IRR
Credit Risk Analyst60,000,000 IRR
Credit Risk Associate52,700,000 IRR
Cryptocurrency Accountant32,300,000 IRR
Cryptocurrency Adviser62,800,000 IRR
Cryptocurrency Analyst47,200,000 IRR
Cryptocurrency Compliance Manager58,700,000 IRR
Cryptocurrency Trader52,700,000 IRR
Digital Banking Manager67,400,000 IRR
Digital Currency Analyst49,800,000 IRR
Direct Bank Sales Representative35,200,000 IRR
Exchange Control Consultant53,900,000 IRR
Executive Account Analyst51,200,000 IRR
Financial Bank Planning Consultant63,300,000 IRR
Financial Banking Analysis Manager73,500,000 IRR
Financial Banking Assistant23,900,000 IRR
Financial Banking Systems Manager68,300,000 IRR
Foreign Exchange Manager73,300,000 IRR
Fraud Analyst53,500,000 IRR
Fraud Detection Associate36,400,000 IRR
Fraud Detection Manager79,300,000 IRR
Fraud Detection Supervisor44,000,000 IRR
Internal Bank Audit Manager92,100,000 IRR
Internal Bank Auditor49,100,000 IRR
Internal Private Banker38,000,000 IRR
International Banking Manager104,000,000 IRR
Investment Banking Analyst71,800,000 IRR
Loan Analyst49,000,000 IRR
Loan Area Manager60,100,000 IRR
Loan Audit Team Leader56,200,000 IRR
Loan Branch Manager55,800,000 IRR
Loan Business Development Officer30,200,000 IRR
Loan Clerk17,700,000 IRR
Loan Collection and Recovery Manager60,000,000 IRR
Loan Collection Manager59,900,000 IRR
Loan Collector16,400,000 IRR
Loan Examiner21,900,000 IRR
Loan Officer19,500,000 IRR
Loan Processing Manager54,200,000 IRR
Loan Processor22,700,000 IRR
Loan Quality Assurance Auditor51,100,000 IRR
Loan Quality Assurance Manager56,900,000 IRR
Loan Quality Assurance Representative38,000,000 IRR
Loan Review Manager57,500,000 IRR
Loan Team Leader51,500,000 IRR
Loans Manager69,000,000 IRR
Mortgage Advisor35,500,000 IRR
Mortgage Collection Manager60,000,000 IRR
Mortgage Collector16,800,000 IRR
Mortgage Credit Analyst27,300,000 IRR
Mortgage Credit Manager57,500,000 IRR
Mortgage Development Manager66,100,000 IRR
Mortgage Document Reviewer22,500,000 IRR
Mortgage Funding Manager67,000,000 IRR
Mortgage Operations Manager90,500,000 IRR
Mortgage Payment Processing Clerk20,000,000 IRR
Mortgage Processing Manager59,400,000 IRR
Mortgage Processor23,400,000 IRR
Mortgage Quality Assurance Auditor51,900,000 IRR
Mortgage Quality Assurance Manager59,500,000 IRR
Mortgage Servicing Clerk18,100,000 IRR
Mortgage Servicing Manager57,600,000 IRR
Mortgage Underwriter22,300,000 IRR
Online Banking Manager88,500,000 IRR
Open Banking Strategist52,300,000 IRR
Payment Processing Clerk18,100,000 IRR
Personal Banker37,600,000 IRR
Personal Banking Advisor 36,600,000 IRR
Phone Banker24,300,000 IRR
Private Banker37,000,000 IRR
Reconciliation and Investigation Specialist43,100,000 IRR
Tax Officer31,000,000 IRR
Teller17,500,000 IRR
Trade Officer21,400,000 IRR
Trade Product Manager61,500,000 IRR
Trader25,800,000 IRR
Treasury Operations Officer43,300,000 IRR
Wealth Management Advisor76,200,000 IRR

Banking Jobs Pay Scale and Salaries in Iran

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

5% of people earn
48,200,000 IRR or more
10% of people earn
39,900,000 to 48,200,000 IRR
20% of people earn
21,700,000 IRR or less
65% of people earn
21,700,000 to 39,900,000 IRR
Minimum Salary

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 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.

  • Median Salary

    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.

  • 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 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.

  • 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 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.

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 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.

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 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.

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 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.

Salary and Compensation Comparison By Gender / Banking / Iran

Salary comparison by gender Iran 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 Iran, the average difference between the salary of male and female employees is 11%.

52,100,000 IRR
47,000,000 IRR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Iran for all Careers

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

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

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.

Annual Salary Increment Rate Iran 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.

Iran / All Professions

Annual Salary Increment Rate Iran
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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 Iran is 5%.

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 / Iran

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

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 / Iran

283,000 IRR per hour

The average hourly wage (pay per hour) in Banking in Iran is 283,000 IRR.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 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.

Salary Comparison By City

CityAverage Salary
Tehran56,500,000 IRR

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 Iran is 10% on average across all career fields.

Private Sector
43,200,000 IRR
Public Sector+10%
47,600,000 IRR
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 Iran?

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.

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 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.

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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