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Banking Average Salaries in Netherlands 2024

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


Average Monthly Salary
5,330 EUR
( 63,900 EUR yearly)

LOW
1,770
EUR
AVERAGE
5,330
EUR
HIGH
10,700
EUR
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 Netherlands typically earns around 5,330 EUR. Salaries range from 1,770 EUR (lowest average) to 10,700 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 Netherlands 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 Analyst7,260 EUR
Assistant Bank Branch Manager6,630 EUR
Assistant Bank Manager8,590 EUR
ATM Manager6,940 EUR
ATM Service Technician2,120 EUR
Bank Accounts Analyst2,910 EUR
Bank Accounts Collector1,740 EUR
Bank Accounts Controller3,580 EUR
Bank Accounts Executive5,530 EUR
Bank Accounts Manager6,090 EUR
Bank Auditing Manager6,200 EUR
Bank Branch Manager8,540 EUR
Bank Branch Operations Coordinator3,990 EUR
Bank Clerk1,690 EUR
Bank Client Service Associate2,330 EUR
Bank Collector1,810 EUR
Bank Compliance Specialist4,620 EUR
Bank Manager10,400 EUR
Bank Operational Risk Manager10,100 EUR
Bank Operations Head10,600 EUR
Bank Operations Officer4,110 EUR
Bank Operations Specialist6,240 EUR
Bank Process Manager5,760 EUR
Bank Product Manager 6,460 EUR
Bank Programme Manager7,220 EUR
Bank Project Manager7,690 EUR
Bank Propositions Manager7,440 EUR
Bank Quantitative Analyst4,910 EUR
Bank Regional Manager10,400 EUR
Bank Regional Risk Officer5,150 EUR
Bank Relationship Manager7,290 EUR
Bank Relationship Officer3,640 EUR
Bank Sustainability Analyst6,110 EUR
Bank Teller1,820 EUR
Banker3,770 EUR
Banking Business Analyst5,370 EUR
Banking Business Development Officer3,390 EUR
Banking Business Planning Executive7,310 EUR
Banking Data Analyst5,980 EUR
Banking Product Manager6,690 EUR
Banking Reference Data Manager5,690 EUR
Banking Regulatory Compliance Officer6,460 EUR
Banking Risk Analyst5,320 EUR
Banking Technical Analyst2,990 EUR
Bankruptcy Coordinator3,960 EUR
Bill and Account Collector2,000 EUR
Blockchain Analyst4,400 EUR
Blockchain Architect5,360 EUR
Blockchain Auditor4,540 EUR
Blockchain Compliance Analyst4,940 EUR
Blockchain Consultant4,930 EUR
Blockchain Trade Facilitator4,550 EUR
Budget Analyst5,240 EUR
Capital Risk Manager9,430 EUR
Cards Marketing Manager6,660 EUR
Cash Management Manager8,760 EUR
Check Processing Manager6,870 EUR
Chief Blockchain Officer5,640 EUR
Commercial Vault Associate5,410 EUR
Corporate Banker3,700 EUR
Corporate Dealer5,640 EUR
Credit Analyst4,000 EUR
Credit and Collections Manager7,210 EUR
Credit Card Fraud Investigator5,290 EUR
Credit Portfolio Manager9,570 EUR
Credit Risk Analyst6,190 EUR
Credit Risk Associate5,440 EUR
Cryptocurrency Accountant3,390 EUR
Cryptocurrency Adviser6,790 EUR
Cryptocurrency Analyst4,890 EUR
Cryptocurrency Compliance Manager6,350 EUR
Cryptocurrency Trader5,440 EUR
Digital Banking Manager6,910 EUR
Digital Currency Analyst5,410 EUR
Direct Bank Sales Representative3,870 EUR
Exchange Control Consultant5,570 EUR
Executive Account Analyst5,030 EUR
Financial Bank Planning Consultant6,500 EUR
Financial Banking Analysis Manager7,910 EUR
Financial Banking Assistant2,540 EUR
Financial Banking Systems Manager7,370 EUR
Foreign Exchange Manager7,510 EUR
Fraud Analyst5,800 EUR
Fraud Detection Associate3,990 EUR
Fraud Detection Manager8,120 EUR
Fraud Detection Supervisor4,570 EUR
Internal Bank Audit Manager9,400 EUR
Internal Bank Auditor5,340 EUR
Internal Private Banker3,770 EUR
International Banking Manager10,600 EUR
Investment Banking Analyst7,740 EUR
Loan Analyst5,070 EUR
Loan Area Manager6,500 EUR
Loan Audit Team Leader6,090 EUR
Loan Branch Manager5,750 EUR
Loan Business Development Officer3,340 EUR
Loan Clerk1,920 EUR
Loan Collection and Recovery Manager6,170 EUR
Loan Collection Manager6,480 EUR
Loan Collector1,880 EUR
Loan Examiner2,350 EUR
Loan Officer2,100 EUR
Loan Processing Manager5,880 EUR
Loan Processor2,420 EUR
Loan Quality Assurance Auditor5,550 EUR
Loan Quality Assurance Manager5,870 EUR
Loan Quality Assurance Representative4,170 EUR
Loan Review Manager5,930 EUR
Loan Team Leader5,590 EUR
Loans Manager7,080 EUR
Mortgage Advisor3,710 EUR
Mortgage Collection Manager6,480 EUR
Mortgage Collector1,830 EUR
Mortgage Credit Analyst2,750 EUR
Mortgage Credit Manager5,930 EUR
Mortgage Development Manager6,450 EUR
Mortgage Document Reviewer2,410 EUR
Mortgage Funding Manager6,540 EUR
Mortgage Operations Manager9,240 EUR
Mortgage Payment Processing Clerk2,050 EUR
Mortgage Processing Manager6,120 EUR
Mortgage Processor2,370 EUR
Mortgage Quality Assurance Auditor5,360 EUR
Mortgage Quality Assurance Manager5,830 EUR
Mortgage Servicing Clerk1,970 EUR
Mortgage Servicing Manager5,650 EUR
Mortgage Underwriter2,390 EUR
Online Banking Manager9,500 EUR
Open Banking Strategist5,680 EUR
Payment Processing Clerk1,960 EUR
Personal Banker3,930 EUR
Personal Banking Advisor 4,020 EUR
Phone Banker2,590 EUR
Private Banker4,050 EUR
Reconciliation and Investigation Specialist4,480 EUR
Tax Officer3,260 EUR
Teller1,910 EUR
Trade Officer2,190 EUR
Trade Product Manager6,330 EUR
Trader2,610 EUR
Treasury Operations Officer4,730 EUR
Wealth Management Advisor7,810 EUR


Banking Jobs Pay Scale and Salaries in Netherlands

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

5% of people earn
5,350 EUR or more
10% of people earn
4,450 to 5,350 EUR
20% of people earn
2,480 EUR or less
65% of people earn
2,480 to 4,450 EUR
Minimum Salary
1,770 EUR
Median
4,800 EUR
Maximum
10,700 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 Netherlands range from 1,770 EUR (starting average salary) to 10,700 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 4,800 EUR, implying that half of the workforce in Netherlands 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 Netherlands earn less than 3,620 EUR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 5,870 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 Netherlands. The analysis revealed that roughly 65% of all reported salaries fell within the range of 2,480 EUR to 4,450 EUR. Approximately 20% of salaries were below the 2,480 EUR mark, while 10% ranged from 4,450 EUR to 5,350 EUR. Only 5% of individuals earned a gross salary of 5,350 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 Netherlands 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 Netherlands, 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 Netherlands costs anywhere from 24,500 EUR to 73,500 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 / Netherlands

Salary comparison by gender Netherlands 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 Netherlands, the average difference between the salary of male and female employees is 4%.

Male
5,440 EUR
Female-4%
5,220 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Netherlands for all Careers

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

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

Professionals working in Banking in Netherlands are likely to observe a salary increase of approximately 11% every 13 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Netherlands 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.

Netherlands / All Professions

Annual Salary Increment Rate Netherlands
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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 Netherlands is 7%.

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 / Netherlands

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Netherlands Banking
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21% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 79% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 8% of their annual salary.

Received Bonus
79%
No Bonus
21%

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 / Netherlands


31 EUR per hour

The average hourly wage (pay per hour) in Banking in Netherlands is 31 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 Netherlands is 10 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
Almere5,250 EUR
Amsterdam5,860 EUR
Breda5,050 EUR
Eindhoven5,460 EUR
Groningen5,150 EUR
Nijmegen4,950 EUR
Rotterdam5,760 EUR
s-Gravenhage5,660 EUR
Tilburg5,360 EUR
Utrecht5,560 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 Netherlands is 5% on average across all career fields.

Private Sector
4,780 EUR
Public Sector+5%
5,030 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 Netherlands?

A good and competitive compensation would range anywhere between 4,800 EUR and 5,870 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 Netherlands ranges from 1,770 EUR to 3,620 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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