Bank Branch Manager Average Salary in Australia 2024
How much money does a person working as Bank Branch Manager make in Australia?
LOW
85,100
AUD AVERAGE
170,000
AUD HIGH
264,000
AUD
A person working as Bank Branch Manager in Australia typically earns around 170,000 AUD. Salaries range from 85,100 AUD (lowest) to 264,000 AUD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Bank Branch Manager salaries in Australia vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Bank Branch Manager Pay Scale and Salaries in Australia
Salary Structure and Pay Scale Comparison
157,000 AUD or more
139,000 to 157,000 AUD
99,400 AUD or less
99,400 to 139,000 AUD
 85,100 AUD |
157,000 AUD |
264,000 AUD |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Bank Branch Manager in Australia range from 85,100 AUD (starting salary) to 264,000 AUD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 157,000 AUD, half of the professionals who work as Bank Branch Manager in Australia earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Bank Branch Manager in Australia earn less than 129,000 AUD, while 75% earn more. Similarly, the chart shows that 75% earn less than 180,000 AUD while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Bank Branch Manager in Australia compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 99,400 AUD to 139,000 AUD. About 20% of salaries are below the 99,400 AUD mark, while 10% fall within the range of 139,000 AUD to 157,000 AUD. Only 5% of individuals have salaries exceeding 157,000 AUD.
Salary Comparison by Years of Experience / Bank Branch Manager / Australia
How do experience and age affect pay?
| 0 - 2 Years | 102,000 AUD | |
| 2 - 5 Years | +32% | 135,000 AUD |
| 5 - 10 Years | +34% | 181,000 AUD |
| 10 - 15 Years | +19% | 216,000 AUD |
| 15 - 20 Years | +8% | 233,000 AUD |
| 20+ Years | +7% | 250,000 AUD |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Bank Branch Manager and this is what we found.
Employees with less than two years of experience earn approximately 102,000 AUD.
While someone with an experience level between two and five years is expected to earn 135,000 AUD, 32% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 181,000 AUD, 34% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 216,000 AUD, 19% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 233,000 AUD, 8% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 250,000 AUD, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Bank Branch Manager / Australia
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Bank Branch Manager.
| Bachelor's Degree | 146,000 AUD | |
| Master's Degree | +58% | 230,000 AUD |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Bank Branch Manager in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 146,000 AUD.
Level 2: Master's Degree
At this level, the average salary becomes 230,000 AUD, 58% more than the previous level.
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 Australia costs anywhere from 38,000 AUD to 114,000 AUD and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you 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 the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Bank Branch Manager / Australia
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Bank Branch Manager in Australia, the average difference between the salary of male and female employees is 4%.
| Male | 174,000 AUD | |
| Female | -4% | 166,000 AUD |
Salary Comparison By Gender in Australia for all Careers
Average Annual Salary Increment Percentage / Bank Branch Manager / Australia
How much are annual salary increments in Australia for individuals working as Bank Branch Manager? How often do employees get salary raises?
Individuals working as Bank Branch Manager in Australia are likely to observe a salary increase of approximately 13% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.
Australia / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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 / Bank Branch Manager / Australia
How much and how often are bonuses being awarded?
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17% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 83% 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 | 83% | |
| No Bonus | 17% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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.
Average Hourly Wage / Bank Branch Manager / Australia
82 AUD per hourThe average hourly wage (pay per hour) for individuals working as Bank Branch Manager in Australia is 82 AUD.This is the rate they get paid for every worked hour.
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 as Bank Branch Manager in Australia is 41 AUD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Banking |  -100% | |
| AML Analyst | 149,000 AUD | -12% |
| Assistant Bank Branch Manager | 126,000 AUD | -26% |
| Assistant Bank Manager | 170,000 AUD | -0% |
| ATM Manager | 132,000 AUD | -22% |
| ATM Service Technician | 36,800 AUD | -78% |
| Bank Accounts Analyst | 55,500 AUD | -67% |
| Bank Accounts Collector | 32,800 AUD | -81% |
| Bank Accounts Controller | 70,700 AUD | -58% |
| Bank Accounts Executive | 106,000 AUD | -38% |
| Bank Accounts Manager | 125,000 AUD | -27% |
| Bank Auditing Manager | 120,000 AUD | -30% |
| Bank Branch Manager | 170,000 AUD | -0% |
| Bank Branch Operations Coordinator | 75,900 AUD | -55% |
| Bank Clerk | 32,300 AUD | -81% |
| Bank Client Service Associate | 44,600 AUD | -74% |
| Bank Collector | 32,300 AUD | -81% |
| Bank Compliance Specialist | 89,700 AUD | -47% |
| Bank Manager | 206,000 AUD |  +21% |
| Bank Operational Risk Manager | 203,000 AUD | +19% |
| Bank Operations Head | 205,000 AUD | +20% |
| Bank Operations Officer | 75,800 AUD | -55% |
| Bank Operations Specialist | 118,000 AUD | -31% |
| Bank Process Manager | 107,000 AUD | -37% |
| Bank Product Manager | 132,000 AUD | -22% |
| Bank Programme Manager | 138,000 AUD | -19% |
| Bank Project Manager | 155,000 AUD | -9% |
| Bank Propositions Manager | 148,000 AUD | -13% |
| Bank Quantitative Analyst | 97,100 AUD | -43% |
| Bank Regional Manager | 197,000 AUD | +16% |
| Bank Regional Risk Officer | 107,000 AUD | -37% |
| Bank Relationship Manager | 146,000 AUD | -14% |
| Bank Relationship Officer | 65,400 AUD | -62% |
| Bank Sustainability Analyst | 121,000 AUD | -29% |
| Bank Teller | 34,200 AUD | -80% |
| Banker | 69,800 AUD | -59% |
| Banking Business Analyst | 104,000 AUD | -39% |
| Banking Business Development Officer | 62,200 AUD | -63% |
| Banking Business Planning Executive | 144,000 AUD | -15% |
| Banking Data Analyst | 114,000 AUD | -33% |
| Banking Product Manager | 133,000 AUD | -22% |
| Banking Reference Data Manager | 108,000 AUD | -37% |
| Banking Regulatory Compliance Officer | 118,000 AUD | -31% |
| Banking Risk Analyst | 101,000 AUD | -41% |
| Banking Technical Analyst | 54,500 AUD | -68% |
| Bankruptcy Coordinator | 71,000 AUD | -58% |
| Bill and Account Collector | 37,900 AUD | -78% |
| Blockchain Analyst | 86,100 AUD | -49% |
| Blockchain Architect | 101,000 AUD | -41% |
| Blockchain Auditor | 91,000 AUD | -47% |
| Blockchain Compliance Analyst | 95,100 AUD | -44% |
| Blockchain Consultant | 101,000 AUD | -41% |
| Blockchain Trade Facilitator | 84,600 AUD | -50% |
| Budget Analyst | 106,000 AUD | -38% |
| Capital Risk Manager | 190,000 AUD | +12% |
| Cards Marketing Manager | 131,000 AUD | -23% |
| Cash Management Manager | 176,000 AUD | +3% |
| Check Processing Manager | 132,000 AUD | -22% |
| Chief Blockchain Officer | 118,000 AUD | -31% |
| Commercial Vault Associate | 103,000 AUD | -39% |
| Corporate Banker | 72,600 AUD | -57% |
| Corporate Dealer | 109,000 AUD | -36% |
| Credit Analyst | 82,200 AUD | -52% |
| Credit and Collections Manager | 145,000 AUD | -15% |
| Credit Card Fraud Investigator | 102,000 AUD | -40% |
| Credit Portfolio Manager | 189,000 AUD | +11% |
| Credit Risk Analyst | 112,000 AUD | -34% |
| Credit Risk Associate | 107,000 AUD | -37% |
| Cryptocurrency Accountant | 62,800 AUD | -63% |
| Cryptocurrency Adviser | 124,000 AUD | -27% |
| Cryptocurrency Analyst | 93,800 AUD | -45% |
| Cryptocurrency Compliance Manager | 118,000 AUD | -31% |
| Cryptocurrency Trader | 107,000 AUD | -37% |
| Digital Banking Manager | 139,000 AUD | -18% |
| Digital Currency Analyst | 98,500 AUD | -42% |
| Direct Bank Sales Representative | 70,600 AUD | -59% |
| Exchange Control Consultant | 113,000 AUD | -34% |
| Executive Account Analyst | 98,900 AUD | -42% |
| Financial Bank Planning Consultant | 136,000 AUD | -20% |
| Financial Banking Analysis Manager | 150,000 AUD | -12% |
| Financial Banking Assistant | 49,400 AUD | -71% |
| Financial Banking Systems Manager | 143,000 AUD | -16% |
| Foreign Exchange Manager | 155,000 AUD | -9% |
| Fraud Analyst | 109,000 AUD | -36% |
| Fraud Detection Associate | 77,700 AUD | -54% |
| Fraud Detection Manager | 158,000 AUD | -7% |
| Fraud Detection Supervisor | 86,000 AUD | -49% |
| Internal Bank Audit Manager | 184,000 AUD | +8% |
| Internal Bank Auditor | 99,300 AUD | -42% |
| Internal Private Banker | 76,700 AUD | -55% |
| International Banking Manager | 213,000 AUD | +25% |
| Investment Banking Analyst | 144,000 AUD | -15% |
| Loan Analyst | 102,000 AUD | -40% |
| Loan Area Manager | 124,000 AUD | -27% |
| Loan Audit Team Leader | 116,000 AUD | -32% |
| Loan Branch Manager | 116,000 AUD | -32% |
| Loan Business Development Officer | 63,500 AUD | -63% |
| Loan Clerk | 37,600 AUD | -78% |
| Loan Collection and Recovery Manager | 118,000 AUD | -31% |
| Loan Collection Manager | 129,000 AUD | -24% |
| Loan Collector | 32,600 AUD | -81% |
| Loan Examiner | 44,100 AUD | -74% |
| Loan Officer | 40,700 AUD | -76% |
| Loan Processing Manager | 110,000 AUD | -35% |
| Loan Processor | 46,700 AUD | -73% |
| Loan Quality Assurance Auditor | 106,000 AUD | -38% |
| Loan Quality Assurance Manager | 120,000 AUD | -30% |
| Loan Quality Assurance Representative | 80,800 AUD | -53% |
| Loan Review Manager | 112,000 AUD | -34% |
| Loan Team Leader | 101,000 AUD | -41% |
| Loans Manager | 139,000 AUD | -18% |
| Mortgage Advisor | 70,600 AUD | -59% |
| Mortgage Collection Manager | 121,000 AUD | -29% |
| Mortgage Collector | 34,100 AUD | -80% |
| Mortgage Credit Analyst | 56,100 AUD | -67% |
| Mortgage Credit Manager | 119,000 AUD | -30% |
| Mortgage Development Manager | 125,000 AUD | -27% |
| Mortgage Document Reviewer | 43,300 AUD | -75% |
| Mortgage Funding Manager | 130,000 AUD | -24% |
| Mortgage Operations Manager | 186,000 AUD | +9% |
| Mortgage Payment Processing Clerk | 37,500 AUD | -78% |
| Mortgage Processing Manager | 117,000 AUD | -31% |
| Mortgage Processor | 46,500 AUD | -73% |
| Mortgage Quality Assurance Auditor | 98,500 AUD | -42% |
| Mortgage Quality Assurance Manager | 114,000 AUD | -33% |
| Mortgage Servicing Clerk | 36,400 AUD | -79% |
| Mortgage Servicing Manager | 117,000 AUD | -31% |
| Mortgage Underwriter | 43,200 AUD | -75% |
| Online Banking Manager | 183,000 AUD | +7% |
| Open Banking Strategist | 104,000 AUD | -39% |
| Payment Processing Clerk | 37,800 AUD | -78% |
| Personal Banker | 71,800 AUD | -58% |
| Personal Banking Advisor | 73,300 AUD | -57% |
| Phone Banker | 48,600 AUD | -71% |
| Private Banker | 78,000 AUD | -54% |
| Reconciliation and Investigation Specialist | 83,700 AUD | -51% |
| Tax Officer | 62,600 AUD | -63% |
| Teller | 34,700 AUD | -80% |
| Trade Officer | 40,200 AUD | -76% |
| Trade Product Manager | 117,000 AUD | -31% |
| Trader | 49,600 AUD | -71% |
| Treasury Operations Officer | 87,800 AUD | -48% |
| Wealth Management Advisor | 149,000 AUD | -12% |
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 Australia is 5% on average across all career fields.
| Private Sector | 89,000 AUD | |
| Public Sector | +5% | 93,400 AUD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Bank Branch Manager in Australia?
A good and competitive compensation would range anywhere between 157,000 AUD and 180,000 AUD. 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 a careers like Bank Branch Manager in Australia ranges from 85,100 AUD to 129,000 AUD. 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
