Bankruptcy Coordinator Average Salary in Frankfurt 2024
How much money does a person working as Bankruptcy Coordinator make in Frankfurt?
LOW
1,510
EUR AVERAGE
3,070
EUR HIGH
4,800
EUR
A person working as Bankruptcy Coordinator in Frankfurt typically earns around 3,070 EUR. Salaries range from 1,510 EUR (lowest) to 4,800 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Bankruptcy Coordinator salaries in Frankfurt vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Bankruptcy Coordinator Pay Scale and Salaries in Frankfurt
Salary Structure and Pay Scale Comparison
2,850 EUR or more
2,520 to 2,850 EUR
1,790 EUR or less
1,790 to 2,520 EUR
 1,510 EUR |
2,870 EUR |
4,800 EUR |
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 Bankruptcy Coordinator in Frankfurt range from 1,510 EUR (starting salary) to 4,800 EUR (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 2,870 EUR, half of the professionals who work as Bankruptcy Coordinator in Frankfurt 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 Bankruptcy Coordinator in Frankfurt earn less than 2,350 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 3,280 EUR 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 Bankruptcy Coordinator in Frankfurt compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,790 EUR to 2,520 EUR. About 20% of salaries are below the 1,790 EUR mark, while 10% fall within the range of 2,520 EUR to 2,850 EUR. Only 5% of individuals have salaries exceeding 2,850 EUR.
Salary Comparison by Years of Experience / Bankruptcy Coordinator / Frankfurt
How do experience and age affect pay?
| 0 - 2 Years | 1,790 EUR | |
| 2 - 5 Years | +29% | 2,300 EUR |
| 5 - 10 Years | +38% | 3,170 EUR |
| 10 - 15 Years | +24% | 3,920 EUR |
| 15 - 20 Years | +7% | 4,200 EUR |
| 20+ Years | +7% | 4,480 EUR |
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 Bankruptcy Coordinator and this is what we found.
Employees with less than two years of experience earn approximately 1,790 EUR.
While someone with an experience level between two and five years is expected to earn 2,300 EUR, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 3,170 EUR, 38% 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 3,920 EUR, 24% 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 4,200 EUR, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 4,480 EUR, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Bankruptcy Coordinator / Frankfurt
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Bankruptcy Coordinator.
| Certificate or Diploma | 2,300 EUR | |
| Bachelor's Degree | +34% | 3,090 EUR |
| Master's Degree | +53% | 4,730 EUR |
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 Bankruptcy Coordinator in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 2,300 EUR.
Level 2: Bachelor's Degree
At this level, the average salary becomes 3,090 EUR, 34% more than the previous level.
Level 3: Master's Degree
At this level, the average salary becomes 4,730 EUR, 53% 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 Germany costs anywhere from 19,100 EUR to 57,400 EUR 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 / Bankruptcy Coordinator / Frankfurt
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 Bankruptcy Coordinator in Germany, the average difference between the salary of male and female employees is 6%.
| Male | 2,950 EUR | |
| Female | -6% | 2,780 EUR |
Salary Comparison By Gender in Germany for all Careers
Average Annual Salary Increment Percentage / Bankruptcy Coordinator / Frankfurt
How much are annual salary increments in Frankfurt for individuals working as Bankruptcy Coordinator? How often do employees get salary raises?
Individuals working as Bankruptcy Coordinator in Germany 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 16 months.
Germany / 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 / Bankruptcy Coordinator / Germany
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/germany/banking/bankruptcy-coordinator/annual-salary-bonus-rate-germany-bankruptcy-coordinator.jpg
100% of surveyed staff 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 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 / Bankruptcy Coordinator / Frankfurt
18 EUR per hourThe average hourly wage (pay per hour) for individuals working as Bankruptcy Coordinator in Frankfurt is 18 EUR.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 Bankruptcy Coordinator in Frankfurt is 9 EUR. 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 | 5,970 EUR |  +94% |
| Assistant Bank Branch Manager | 5,040 EUR | +64% |
| Assistant Bank Manager | 6,610 EUR | +120% |
| ATM Manager | 5,500 EUR | +79% |
| ATM Service Technician | 1,650 EUR | -46% |
| Bank Accounts Analyst | 2,280 EUR | -26% |
| Bank Accounts Collector | 1,330 EUR | -57% |
| Bank Accounts Controller | 2,990 EUR | -3% |
| Bank Accounts Executive | 4,370 EUR | +42% |
| Bank Accounts Manager | 4,980 EUR | +62% |
| Bank Auditing Manager | 5,220 EUR | +70% |
| Bank Branch Manager | 6,980 EUR | +130% |
| Bank Branch Operations Coordinator | 3,120 EUR | +1% |
| Bank Clerk | 1,320 EUR | -57% |
| Bank Client Service Associate | 1,870 EUR | -39% |
| Bank Collector | 1,350 EUR | -56% |
| Bank Compliance Specialist | 3,560 EUR | +16% |
| Bank Manager | 8,540 EUR | +180% |
| Bank Operational Risk Manager | 7,890 EUR | +160% |
| Bank Operations Head | 8,150 EUR | +170% |
| Bank Operations Officer | 3,270 EUR | +6% |
| Bank Operations Specialist | 5,250 EUR | +71% |
| Bank Process Manager | 4,470 EUR | +45% |
| Bank Product Manager | 5,100 EUR | +66% |
| Bank Programme Manager | 5,500 EUR | +79% |
| Bank Project Manager | 6,260 EUR | +100% |
| Bank Propositions Manager | 6,140 EUR | +100% |
| Bank Quantitative Analyst | 4,070 EUR | +32% |
| Bank Regional Manager | 8,220 EUR | +170% |
| Bank Regional Risk Officer | 4,120 EUR | +34% |
| Bank Relationship Manager | 5,930 EUR | +93% |
| Bank Relationship Officer | 2,740 EUR | -11% |
| Bank Sustainability Analyst | 4,850 EUR | +58% |
| Bank Teller | 1,480 EUR | -52% |
| Banker | 2,940 EUR | -4% |
| Banking Business Analyst | 4,340 EUR | +41% |
| Banking Business Development Officer | 2,770 EUR | -10% |
| Banking Business Planning Executive | 6,060 EUR | +97% |
| Banking Data Analyst | 4,900 EUR | +59% |
| Banking Product Manager | 5,170 EUR | +68% |
| Banking Reference Data Manager | 4,490 EUR | +46% |
| Banking Regulatory Compliance Officer | 4,940 EUR | +61% |
| Banking Risk Analyst | 4,390 EUR | +43% |
| Banking Technical Analyst | 2,220 EUR | -28% |
| Bankruptcy Coordinator | 3,070 EUR | -0% |
| Bill and Account Collector | 1,470 EUR | -52% |
| Blockchain Analyst | 3,740 EUR | +22% |
| Blockchain Architect | 4,270 EUR | +39% |
| Blockchain Auditor | 3,720 EUR | +21% |
| Blockchain Compliance Analyst | 3,780 EUR | +23% |
| Blockchain Consultant | 3,900 EUR | +27% |
| Blockchain Trade Facilitator | 3,450 EUR | +12% |
| Budget Analyst | 4,080 EUR | +33% |
| Capital Risk Manager | 7,700 EUR | +150% |
| Cards Marketing Manager | 5,370 EUR | +75% |
| Cash Management Manager | 7,630 EUR | +150% |
| Check Processing Manager | 5,550 EUR | +81% |
| Chief Blockchain Officer | 4,560 EUR | +48% |
| Commercial Vault Associate | 4,240 EUR | +38% |
| Corporate Banker | 3,150 EUR | +2% |
| Corporate Dealer | 4,620 EUR | +50% |
| Credit Analyst | 3,170 EUR | +3% |
| Credit and Collections Manager | 5,990 EUR | +95% |
| Credit Card Fraud Investigator | 4,520 EUR | +47% |
| Credit Portfolio Manager | 8,200 EUR | +170% |
| Credit Risk Analyst | 4,700 EUR | +53% |
| Credit Risk Associate | 4,360 EUR | +42% |
| Cryptocurrency Accountant | 2,800 EUR | -9% |
| Cryptocurrency Adviser | 5,350 EUR | +74% |
| Cryptocurrency Analyst | 3,950 EUR | +28% |
| Cryptocurrency Compliance Manager | 4,820 EUR | +57% |
| Cryptocurrency Trader | 4,250 EUR | +38% |
| Digital Banking Manager | 5,520 EUR | +80% |
| Digital Currency Analyst | 4,120 EUR | +34% |
| Direct Bank Sales Representative | 3,050 EUR | -1% |
| Exchange Control Consultant | 4,510 EUR | +47% |
| Executive Account Analyst | 4,290 EUR | +40% |
| Financial Bank Planning Consultant | 5,230 EUR | +70% |
| Financial Banking Analysis Manager | 6,130 EUR | +99% |
| Financial Banking Assistant | 1,960 EUR | -36% |
| Financial Banking Systems Manager | 6,080 EUR | +98% |
| Foreign Exchange Manager | 6,400 EUR | +110% |
| Fraud Analyst | 4,590 EUR | +49% |
| Fraud Detection Associate | 3,120 EUR | +1% |
| Fraud Detection Manager | 6,630 EUR | +120% |
| Fraud Detection Supervisor | 3,710 EUR | +21% |
| Internal Bank Audit Manager | 7,490 EUR | +140% |
| Internal Bank Auditor | 4,330 EUR | +41% |
| Internal Private Banker | 2,960 EUR | -4% |
| International Banking Manager | 9,010 EUR | +190% |
| Investment Banking Analyst | 6,220 EUR | +100% |
| Loan Analyst | 4,320 EUR | +41% |
| Loan Area Manager | 5,390 EUR | +75% |
| Loan Audit Team Leader | 5,040 EUR | +64% |
| Loan Branch Manager | 4,920 EUR | +60% |
| Loan Business Development Officer | 2,610 EUR | -15% |
| Loan Clerk | 1,500 EUR | -51% |
| Loan Collection and Recovery Manager | 4,920 EUR | +60% |
| Loan Collection Manager | 5,000 EUR | +63% |
| Loan Collector | 1,460 EUR | -53% |
| Loan Examiner | 1,910 EUR | -38% |
| Loan Officer | 1,630 EUR | -47% |
| Loan Processing Manager | 4,650 EUR | +51% |
| Loan Processor | 1,910 EUR | -38% |
| Loan Quality Assurance Auditor | 4,230 EUR | +38% |
| Loan Quality Assurance Manager | 4,630 EUR | +51% |
| Loan Quality Assurance Representative | 3,350 EUR | +9% |
| Loan Review Manager | 4,980 EUR | +62% |
| Loan Team Leader | 4,390 EUR | +43% |
| Loans Manager | 5,730 EUR | +86% |
| Mortgage Advisor | 2,970 EUR | -3% |
| Mortgage Collection Manager | 4,920 EUR | +60% |
| Mortgage Collector | 1,350 EUR | -56% |
| Mortgage Credit Analyst | 2,160 EUR | -30% |
| Mortgage Credit Manager | 4,940 EUR | +61% |
| Mortgage Development Manager | 5,580 EUR | +82% |
| Mortgage Document Reviewer | 1,870 EUR | -39% |
| Mortgage Funding Manager | 5,460 EUR | +78% |
| Mortgage Operations Manager | 7,450 EUR | +140% |
| Mortgage Payment Processing Clerk | 1,620 EUR | -47% |
| Mortgage Processing Manager | 4,750 EUR | +55% |
| Mortgage Processor | 1,840 EUR | -40% |
| Mortgage Quality Assurance Auditor | 4,120 EUR | +34% |
| Mortgage Quality Assurance Manager | 4,640 EUR | +51% |
| Mortgage Servicing Clerk | 1,540 EUR | -50% |
| Mortgage Servicing Manager | 4,830 EUR | +57% |
| Mortgage Underwriter | 1,880 EUR | -39% |
| Online Banking Manager | 7,540 EUR | +150% |
| Open Banking Strategist | 4,330 EUR | +41% |
| Payment Processing Clerk | 1,510 EUR | -51% |
| Personal Banker | 3,210 EUR | +4% |
| Personal Banking Advisor | 3,170 EUR | +3% |
| Phone Banker | 1,970 EUR | -36% |
| Private Banker | 3,030 EUR | -1% |
| Reconciliation and Investigation Specialist | 3,650 EUR | +19% |
| Tax Officer | 2,570 EUR | -16% |
| Teller | 1,510 EUR | -51% |
| Trade Officer | 1,730 EUR | -44% |
| Trade Product Manager | 4,880 EUR | +59% |
| Trader | 2,010 EUR | -35% |
| Treasury Operations Officer | 3,920 EUR | +28% |
| Wealth Management Advisor | 6,280 EUR | +100% |
Salary Comparison By City
| City | Average Salary |
| Berlin | 3,360 EUR |
| Dortmund | 2,630 EUR |
| Frankfurt | 3,070 EUR |
| Hamburg | 3,210 EUR |
| Munchen | 3,060 EUR |
| Stuttgart | 2,870 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 Germany is 5% on average across all career fields.
| Private Sector | 3,740 EUR | |
| Public Sector | +5% | 3,910 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Bankruptcy Coordinator in Frankfurt?
A good and competitive compensation would range anywhere between 2,870 EUR and 3,280 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 a careers like Bankruptcy Coordinator in Frankfurt ranges from 1,510 EUR to 2,350 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
