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Banking Average Salaries in Saint Petersburg 2024

How much money does a person working in Banking make in Saint Petersburg?


Average Monthly Salary
133,000 RUB
( 1,600,000 RUB yearly)

LOW
41,600
RUB
AVERAGE
133,000
RUB
HIGH
271,000
RUB
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 Saint Petersburg typically earns around 133,000 RUB. Salaries range from 41,600 RUB (lowest average) to 271,000 RUB (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 Saint Petersburg 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 Analyst186,000 RUB
Assistant Bank Branch Manager149,000 RUB
Assistant Bank Manager208,000 RUB
ATM Manager174,000 RUB
ATM Service Technician47,500 RUB
Bank Accounts Analyst65,800 RUB
Bank Accounts Collector41,800 RUB
Bank Accounts Controller83,500 RUB
Bank Accounts Executive123,000 RUB
Bank Accounts Manager156,000 RUB
Bank Auditing Manager151,000 RUB
Bank Branch Manager205,000 RUB
Bank Branch Operations Coordinator87,600 RUB
Bank Clerk40,400 RUB
Bank Client Service Associate54,300 RUB
Bank Collector42,600 RUB
Bank Compliance Specialist110,000 RUB
Bank Manager234,000 RUB
Bank Operational Risk Manager252,000 RUB
Bank Operations Head244,000 RUB
Bank Operations Officer94,500 RUB
Bank Operations Specialist145,000 RUB
Bank Process Manager137,000 RUB
Bank Product Manager 154,000 RUB
Bank Programme Manager162,000 RUB
Bank Project Manager197,000 RUB
Bank Propositions Manager170,000 RUB
Bank Quantitative Analyst118,000 RUB
Bank Regional Manager257,000 RUB
Bank Regional Risk Officer127,000 RUB
Bank Relationship Manager186,000 RUB
Bank Relationship Officer81,900 RUB
Bank Sustainability Analyst143,000 RUB
Bank Teller44,800 RUB
Banker87,000 RUB
Banking Business Analyst129,000 RUB
Banking Business Development Officer83,200 RUB
Banking Business Planning Executive174,000 RUB
Banking Data Analyst146,000 RUB
Banking Product Manager165,000 RUB
Banking Reference Data Manager142,000 RUB
Banking Regulatory Compliance Officer148,000 RUB
Banking Risk Analyst124,000 RUB
Banking Technical Analyst69,900 RUB
Bankruptcy Coordinator94,100 RUB
Bill and Account Collector43,000 RUB
Blockchain Analyst111,000 RUB
Blockchain Architect128,000 RUB
Blockchain Auditor112,000 RUB
Blockchain Compliance Analyst115,000 RUB
Blockchain Consultant119,000 RUB
Blockchain Trade Facilitator108,000 RUB
Budget Analyst121,000 RUB
Capital Risk Manager242,000 RUB
Cards Marketing Manager155,000 RUB
Cash Management Manager230,000 RUB
Check Processing Manager169,000 RUB
Chief Blockchain Officer143,000 RUB
Commercial Vault Associate130,000 RUB
Corporate Banker95,000 RUB
Corporate Dealer135,000 RUB
Credit Analyst98,200 RUB
Credit and Collections Manager169,000 RUB
Credit Card Fraud Investigator128,000 RUB
Credit Portfolio Manager241,000 RUB
Credit Risk Analyst138,000 RUB
Credit Risk Associate135,000 RUB
Cryptocurrency Accountant77,000 RUB
Cryptocurrency Adviser164,000 RUB
Cryptocurrency Analyst122,000 RUB
Cryptocurrency Compliance Manager149,000 RUB
Cryptocurrency Trader133,000 RUB
Digital Banking Manager177,000 RUB
Digital Currency Analyst123,000 RUB
Direct Bank Sales Representative86,900 RUB
Exchange Control Consultant139,000 RUB
Executive Account Analyst128,000 RUB
Financial Bank Planning Consultant162,000 RUB
Financial Banking Analysis Manager195,000 RUB
Financial Banking Assistant62,700 RUB
Financial Banking Systems Manager177,000 RUB
Foreign Exchange Manager188,000 RUB
Fraud Analyst136,000 RUB
Fraud Detection Associate92,200 RUB
Fraud Detection Manager204,000 RUB
Fraud Detection Supervisor110,000 RUB
Internal Bank Audit Manager225,000 RUB
Internal Bank Auditor119,000 RUB
Internal Private Banker90,400 RUB
International Banking Manager248,000 RUB
Investment Banking Analyst177,000 RUB
Loan Analyst122,000 RUB
Loan Area Manager152,000 RUB
Loan Audit Team Leader142,000 RUB
Loan Branch Manager139,000 RUB
Loan Business Development Officer74,300 RUB
Loan Clerk43,000 RUB
Loan Collection and Recovery Manager158,000 RUB
Loan Collection Manager159,000 RUB
Loan Collector42,600 RUB
Loan Examiner56,200 RUB
Loan Officer50,200 RUB
Loan Processing Manager137,000 RUB
Loan Processor56,800 RUB
Loan Quality Assurance Auditor126,000 RUB
Loan Quality Assurance Manager139,000 RUB
Loan Quality Assurance Representative91,900 RUB
Loan Review Manager137,000 RUB
Loan Team Leader134,000 RUB
Loans Manager165,000 RUB
Mortgage Advisor91,400 RUB
Mortgage Collection Manager153,000 RUB
Mortgage Collector42,200 RUB
Mortgage Credit Analyst67,900 RUB
Mortgage Credit Manager141,000 RUB
Mortgage Development Manager160,000 RUB
Mortgage Document Reviewer54,000 RUB
Mortgage Funding Manager159,000 RUB
Mortgage Operations Manager223,000 RUB
Mortgage Payment Processing Clerk48,700 RUB
Mortgage Processing Manager139,000 RUB
Mortgage Processor59,700 RUB
Mortgage Quality Assurance Auditor125,000 RUB
Mortgage Quality Assurance Manager142,000 RUB
Mortgage Servicing Clerk45,700 RUB
Mortgage Servicing Manager144,000 RUB
Mortgage Underwriter52,300 RUB
Online Banking Manager231,000 RUB
Open Banking Strategist130,000 RUB
Payment Processing Clerk46,600 RUB
Personal Banker95,000 RUB
Personal Banking Advisor 90,200 RUB
Phone Banker59,400 RUB
Private Banker94,100 RUB
Reconciliation and Investigation Specialist101,000 RUB
Tax Officer74,300 RUB
Teller43,100 RUB
Trade Officer52,200 RUB
Trade Product Manager148,000 RUB
Trader61,400 RUB
Treasury Operations Officer118,000 RUB
Wealth Management Advisor188,000 RUB


Banking Jobs Pay Scale and Salaries in Saint Petersburg

Median and salary distribution Saint Petersburg Banking monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
138,000 RUB or more
10% of people earn
114,000 to 138,000 RUB
20% of people earn
61,800 RUB or less
65% of people earn
61,800 to 114,000 RUB
Minimum Salary
41,600 RUB
Median
123,000 RUB
Maximum
271,000 RUB




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 Saint Petersburg range from 41,600 RUB (starting average salary) to 271,000 RUB (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 123,000 RUB, implying that half of the workforce in Saint Petersburg 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 Saint Petersburg earn less than 91,800 RUB, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 151,000 RUB, 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 Saint Petersburg. The analysis revealed that roughly 65% of all reported salaries fell within the range of 61,800 RUB to 114,000 RUB. Approximately 20% of salaries were below the 61,800 RUB mark, while 10% ranged from 114,000 RUB to 138,000 RUB. Only 5% of individuals earned a gross salary of 138,000 RUB 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 Saint Petersburg 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 Saint Petersburg, 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 Russia costs anywhere from 521,000 RUB to 1,560,000 RUB 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 / Saint Petersburg

Salary comparison by gender Russia 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 Russia, the average difference between the salary of male and female employees is 5%.

Male
116,000 RUB
Female-5%
111,000 RUB
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Russia for all Careers

Salary comparison by gender monthly Russia
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Average Annual Salary Increment Percentage / Banking / Saint Petersburg

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

Professionals working in Banking in Russia are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Russia 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.

Russia / All Professions

Annual Salary Increment Rate Russia
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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 Russia 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 / Russia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Russia Banking
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100% of surveyed staff in Banking 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 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 / Saint Petersburg


770 RUB per hour

The average hourly wage (pay per hour) in Banking in Saint Petersburg is 770 RUB.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 Saint Petersburg is 240 RUB. 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
Chelyabinsk125,000 RUB
Izhevsk97,200 RUB
Kazan127,000 RUB
Krasnodar101,000 RUB
Krasnoyarsk105,000 RUB
Moscow135,000 RUB
Nizhny Novgorod129,000 RUB
Omsk122,000 RUB
Rostov-on-Don120,000 RUB
Saint Petersburg133,000 RUB
Samara117,000 RUB
Saratov98,800 RUB
Volgograd103,000 RUB
Yekaterinburg131,000 RUB

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 Russia is 6% on average across all career fields.

Private Sector
101,000 RUB
Public Sector+6%
108,000 RUB
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 Saint Petersburg?

A good and competitive compensation would range anywhere between 123,000 RUB and 151,000 RUB. 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 Saint Petersburg ranges from 41,600 RUB to 91,800 RUB. 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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