Bank Branch Manager Average Salary in Istanbul 2024
How much money does a person working as Bank Branch Manager make in Istanbul?
LOW
8,400
TRY AVERAGE
15,900
TRY HIGH
24,100
TRY
A person working as Bank Branch Manager in Istanbul typically earns around 15,900 TRY. Salaries range from 8,400 TRY (lowest) to 24,100 TRY (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Bank Branch Manager salaries in Istanbul 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 Istanbul
Salary Structure and Pay Scale Comparison
14,200 TRY or more
12,700 to 14,200 TRY
9,370 TRY or less
9,370 to 12,700 TRY
 8,400 TRY |
14,300 TRY |
24,100 TRY |
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 Istanbul range from 8,400 TRY (starting salary) to 24,100 TRY (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 14,300 TRY, half of the professionals who work as Bank Branch Manager in Istanbul 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 Istanbul earn less than 11,900 TRY, while 75% earn more. Similarly, the chart shows that 75% earn less than 16,200 TRY 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 Istanbul compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 9,370 TRY to 12,700 TRY. About 20% of salaries are below the 9,370 TRY mark, while 10% fall within the range of 12,700 TRY to 14,200 TRY. Only 5% of individuals have salaries exceeding 14,200 TRY.
Salary Comparison by Years of Experience / Bank Branch Manager / Istanbul
How do experience and age affect pay?
| 0 - 2 Years | 9,660 TRY | |
| 2 - 5 Years | +23% | 11,900 TRY |
| 5 - 10 Years | +42% | 16,800 TRY |
| 10 - 15 Years | +17% | 19,600 TRY |
| 15 - 20 Years | +10% | 21,600 TRY |
| 20+ Years | +6% | 22,800 TRY |
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 9,660 TRY.
While someone with an experience level between two and five years is expected to earn 11,900 TRY, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 16,800 TRY, 42% 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 19,600 TRY, 17% 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 21,600 TRY, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 22,800 TRY, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Bank Branch Manager / Istanbul
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 | 10,900 TRY | |
| Master's Degree | +93% | 21,100 TRY |
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 10,900 TRY.
Level 2: Master's Degree
At this level, the average salary becomes 21,100 TRY, 93% 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 Turkey costs anywhere from 39,300 TRY to 118,000 TRY 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 / Istanbul
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 Turkey, the average difference between the salary of male and female employees is 15%.
| Male | 15,300 TRY | |
| Female | -13% | 13,200 TRY |
Salary Comparison By Gender in Turkey for all Careers
Average Annual Salary Increment Percentage / Bank Branch Manager / Istanbul
How much are annual salary increments in Istanbul for individuals working as Bank Branch Manager? How often do employees get salary raises?
Individuals working as Bank Branch Manager in Turkey 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 18 months.
Turkey / 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 / Turkey
How much and how often are bonuses being awarded?
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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 / Bank Branch Manager / Istanbul
91 TRY per hourThe average hourly wage (pay per hour) for individuals working as Bank Branch Manager in Istanbul is 91 TRY.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 Istanbul is 48 TRY. 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 | 13,600 TRY | -14% |
| Assistant Bank Branch Manager | 11,400 TRY | -28% |
| Assistant Bank Manager | 15,100 TRY | -5% |
| ATM Manager | 12,500 TRY | -21% |
| ATM Service Technician | 3,390 TRY | -79% |
| Bank Accounts Analyst | 5,010 TRY | -68% |
| Bank Accounts Collector | 3,250 TRY | -80% |
| Bank Accounts Controller | 6,840 TRY | -57% |
| Bank Accounts Executive | 9,990 TRY | -37% |
| Bank Accounts Manager | 11,400 TRY | -28% |
| Bank Auditing Manager | 11,900 TRY | -25% |
| Bank Branch Manager | 15,900 TRY |  +0% |
| Bank Branch Operations Coordinator | 7,140 TRY | -55% |
| Bank Clerk | 2,980 TRY | -81% |
| Bank Client Service Associate | 4,320 TRY | -73% |
| Bank Collector | 3,070 TRY | -81% |
| Bank Compliance Specialist | 8,030 TRY | -49% |
| Bank Manager | 18,100 TRY | +14% |
| Bank Operational Risk Manager | 18,600 TRY | +17% |
| Bank Operations Head | 19,100 TRY | +20% |
| Bank Operations Officer | 7,570 TRY | -52% |
| Bank Operations Specialist | 11,100 TRY | -30% |
| Bank Process Manager | 10,600 TRY | -33% |
| Bank Product Manager | 11,900 TRY | -25% |
| Bank Programme Manager | 12,500 TRY | -21% |
| Bank Project Manager | 15,300 TRY | -4% |
| Bank Propositions Manager | 13,400 TRY | -15% |
| Bank Quantitative Analyst | 9,420 TRY | -41% |
| Bank Regional Manager | 20,100 TRY | +27% |
| Bank Regional Risk Officer | 10,200 TRY | -36% |
| Bank Relationship Manager | 14,500 TRY | -9% |
| Bank Relationship Officer | 6,090 TRY | -62% |
| Bank Sustainability Analyst | 10,800 TRY | -32% |
| Bank Teller | 3,350 TRY | -79% |
| Banker | 6,900 TRY | -56% |
| Banking Business Analyst | 9,820 TRY | -38% |
| Banking Business Development Officer | 6,270 TRY | -60% |
| Banking Business Planning Executive | 13,600 TRY | -14% |
| Banking Data Analyst | 10,900 TRY | -31% |
| Banking Product Manager | 12,200 TRY | -23% |
| Banking Reference Data Manager | 10,200 TRY | -36% |
| Banking Regulatory Compliance Officer | 11,000 TRY | -31% |
| Banking Risk Analyst | 9,390 TRY | -41% |
| Banking Technical Analyst | 5,330 TRY | -66% |
| Bankruptcy Coordinator | 7,160 TRY | -55% |
| Bill and Account Collector | 3,570 TRY | -77% |
| Blockchain Analyst | 8,190 TRY | -48% |
| Blockchain Architect | 9,340 TRY | -41% |
| Blockchain Auditor | 8,130 TRY | -49% |
| Blockchain Compliance Analyst | 9,130 TRY | -42% |
| Blockchain Consultant | 9,410 TRY | -41% |
| Blockchain Trade Facilitator | 8,270 TRY | -48% |
| Budget Analyst | 9,250 TRY | -42% |
| Capital Risk Manager | 18,800 TRY | +19% |
| Cards Marketing Manager | 11,800 TRY | -26% |
| Cash Management Manager | 17,200 TRY | +8% |
| Check Processing Manager | 12,500 TRY | -21% |
| Chief Blockchain Officer | 10,600 TRY | -33% |
| Commercial Vault Associate | 9,390 TRY | -41% |
| Corporate Banker | 7,110 TRY | -55% |
| Corporate Dealer | 10,300 TRY | -35% |
| Credit Analyst | 7,890 TRY | -50% |
| Credit and Collections Manager | 13,500 TRY | -15% |
| Credit Card Fraud Investigator | 10,200 TRY | -36% |
| Credit Portfolio Manager | 17,400 TRY | +10% |
| Credit Risk Analyst | 11,200 TRY | -29% |
| Credit Risk Associate | 10,300 TRY | -35% |
| Cryptocurrency Accountant | 5,910 TRY | -63% |
| Cryptocurrency Adviser | 12,500 TRY | -21% |
| Cryptocurrency Analyst | 9,180 TRY | -42% |
| Cryptocurrency Compliance Manager | 11,200 TRY | -29% |
| Cryptocurrency Trader | 9,870 TRY | -38% |
| Digital Banking Manager | 13,600 TRY | -14% |
| Digital Currency Analyst | 9,170 TRY | -42% |
| Direct Bank Sales Representative | 6,840 TRY | -57% |
| Exchange Control Consultant | 9,980 TRY | -37% |
| Executive Account Analyst | 9,400 TRY | -41% |
| Financial Bank Planning Consultant | 13,000 TRY | -18% |
| Financial Banking Analysis Manager | 13,700 TRY | -14% |
| Financial Banking Assistant | 4,830 TRY | -70% |
| Financial Banking Systems Manager | 13,600 TRY | -14% |
| Foreign Exchange Manager | 14,300 TRY | -10% |
| Fraud Analyst | 10,800 TRY | -32% |
| Fraud Detection Associate | 6,960 TRY | -56% |
| Fraud Detection Manager | 15,400 TRY | -3% |
| Fraud Detection Supervisor | 8,260 TRY | -48% |
| Internal Bank Audit Manager | 18,400 TRY | +16% |
| Internal Bank Auditor | 9,630 TRY | -39% |
| Internal Private Banker | 7,140 TRY | -55% |
| International Banking Manager | 20,000 TRY | +26% |
| Investment Banking Analyst | 14,000 TRY | -12% |
| Loan Analyst | 9,230 TRY | -42% |
| Loan Area Manager | 11,500 TRY | -27% |
| Loan Audit Team Leader | 10,800 TRY | -32% |
| Loan Branch Manager | 10,500 TRY | -34% |
| Loan Business Development Officer | 6,150 TRY | -61% |
| Loan Clerk | 3,540 TRY | -78% |
| Loan Collection and Recovery Manager | 11,600 TRY | -27% |
| Loan Collection Manager | 11,800 TRY | -26% |
| Loan Collector | 3,100 TRY | -80% |
| Loan Examiner | 4,060 TRY | -74% |
| Loan Officer | 3,610 TRY | -77% |
| Loan Processing Manager | 10,900 TRY | -31% |
| Loan Processor | 4,480 TRY | -72% |
| Loan Quality Assurance Auditor | 9,900 TRY | -38% |
| Loan Quality Assurance Manager | 10,800 TRY | -32% |
| Loan Quality Assurance Representative | 7,090 TRY | -55% |
| Loan Review Manager | 10,500 TRY | -34% |
| Loan Team Leader | 10,200 TRY | -36% |
| Loans Manager | 12,600 TRY | -21% |
| Mortgage Advisor | 6,910 TRY | -56% |
| Mortgage Collection Manager | 11,500 TRY | -27% |
| Mortgage Collector | 3,140 TRY | -80% |
| Mortgage Credit Analyst | 5,020 TRY | -68% |
| Mortgage Credit Manager | 10,400 TRY | -34% |
| Mortgage Development Manager | 12,900 TRY | -19% |
| Mortgage Document Reviewer | 4,330 TRY | -73% |
| Mortgage Funding Manager | 12,600 TRY | -21% |
| Mortgage Operations Manager | 17,100 TRY | +8% |
| Mortgage Payment Processing Clerk | 3,710 TRY | -77% |
| Mortgage Processing Manager | 11,000 TRY | -31% |
| Mortgage Processor | 4,240 TRY | -73% |
| Mortgage Quality Assurance Auditor | 9,460 TRY | -40% |
| Mortgage Quality Assurance Manager | 10,600 TRY | -33% |
| Mortgage Servicing Clerk | 3,220 TRY | -80% |
| Mortgage Servicing Manager | 11,100 TRY | -30% |
| Mortgage Underwriter | 3,900 TRY | -75% |
| Online Banking Manager | 16,700 TRY | +5% |
| Open Banking Strategist | 9,640 TRY | -39% |
| Payment Processing Clerk | 3,350 TRY | -79% |
| Personal Banker | 7,040 TRY | -56% |
| Personal Banking Advisor | 7,110 TRY | -55% |
| Phone Banker | 4,850 TRY | -69% |
| Private Banker | 6,710 TRY | -58% |
| Reconciliation and Investigation Specialist | 7,560 TRY | -52% |
| Tax Officer | 5,660 TRY | -64% |
| Teller | 3,330 TRY | -79% |
| Trade Officer | 3,980 TRY | -75% |
| Trade Product Manager | 11,200 TRY | -29% |
| Trader | 4,610 TRY | -71% |
| Treasury Operations Officer | 8,860 TRY | -44% |
| Wealth Management Advisor | 13,700 TRY | -14% |
Salary Comparison By City
| City | Average Salary |
| Ankara | 14,700 TRY |
| Istanbul | 15,900 TRY |
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 Turkey is 5% on average across all career fields.
| Private Sector | 7,660 TRY | |
| Public Sector | +5% | 8,040 TRY |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Bank Branch Manager in Istanbul?
A good and competitive compensation would range anywhere between 14,300 TRY and 16,200 TRY. 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 Istanbul ranges from 8,400 TRY to 11,900 TRY. 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
