Bank Collector Average Salary in Munchen 2024
How much money does a person working as Bank Collector make in Munchen?
LOW
720
EUR AVERAGE
1,420
EUR HIGH
2,180
EUR
A person working as Bank Collector in Munchen typically earns around 1,420 EUR. Salaries range from 720 EUR (lowest) to 2,180 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Bank Collector salaries in Munchen vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Bank Collector Pay Scale and Salaries in Munchen
Salary Structure and Pay Scale Comparison
1,290 EUR or more
1,150 to 1,290 EUR
830 EUR or less
830 to 1,150 EUR
 720 EUR |
1,300 EUR |
2,180 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 Bank Collector in Munchen range from 720 EUR (starting salary) to 2,180 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 1,300 EUR, half of the professionals who work as Bank Collector in Munchen 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 Collector in Munchen earn less than 1,070 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 1,480 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 Bank Collector in Munchen compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 830 EUR to 1,150 EUR. About 20% of salaries are below the 830 EUR mark, while 10% fall within the range of 1,150 EUR to 1,290 EUR. Only 5% of individuals have salaries exceeding 1,290 EUR.
Salary Comparison by Years of Experience / Bank Collector / Munchen
How do experience and age affect pay?
| 0 - 2 Years | 810 EUR | |
| 2 - 5 Years | +31% | 1,060 EUR |
| 5 - 10 Years | +40% | 1,480 EUR |
| 10 - 15 Years | +20% | 1,780 EUR |
| 15 - 20 Years | +9% | 1,930 EUR |
| 20+ Years | +8% | 2,090 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 Bank Collector and this is what we found.
Employees with less than two years of experience earn approximately 810 EUR.
While someone with an experience level between two and five years is expected to earn 1,060 EUR, 31% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 1,480 EUR, 40% 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 1,780 EUR, 20% 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 1,930 EUR, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 2,090 EUR, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Bank Collector / Munchen
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Bank Collector.
| High School | 930 EUR | |
| Certificate or Diploma | +47% | 1,370 EUR |
| Bachelor's Degree | +53% | 2,090 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 Bank Collector in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 930 EUR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 1,370 EUR, 47% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 2,090 EUR, 53% more than the previous level.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Bank Collector / Munchen
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 Collector in Germany, the average difference between the salary of male and female employees is 6%.
| Male | 1,340 EUR | |
| Female | -6% | 1,260 EUR |
Salary Comparison By Gender in Germany for all Careers
Average Annual Salary Increment Percentage / Bank Collector / Munchen
How much are annual salary increments in Munchen for individuals working as Bank Collector? How often do employees get salary raises?
Individuals working as Bank Collector 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 / Bank Collector / Germany
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 Collector / Munchen
8 EUR per hourThe average hourly wage (pay per hour) for individuals working as Bank Collector in Munchen is 8 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 Bank Collector in Munchen is 4 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 | 6,310 EUR |  +350% |
| Assistant Bank Branch Manager | 5,250 EUR | +270% |
| Assistant Bank Manager | 6,980 EUR | +390% |
| ATM Manager | 5,790 EUR | +310% |
| ATM Service Technician | 1,570 EUR | +11% |
| Bank Accounts Analyst | 2,470 EUR | +74% |
| Bank Accounts Collector | 1,450 EUR | +2% |
| Bank Accounts Controller | 3,170 EUR | +120% |
| Bank Accounts Executive | 4,620 EUR | +230% |
| Bank Accounts Manager | 5,270 EUR | +270% |
| Bank Auditing Manager | 5,470 EUR | +290% |
| Bank Branch Manager | 7,290 EUR | +410% |
| Bank Branch Operations Coordinator | 3,300 EUR | +130% |
| Bank Clerk | 1,360 EUR | -4% |
| Bank Client Service Associate | 2,020 EUR | +43% |
| Bank Collector | 1,420 EUR | +0% |
| Bank Compliance Specialist | 3,660 EUR | +160% |
| Bank Manager | 8,540 EUR | +500% |
| Bank Operational Risk Manager | 8,010 EUR | +470% |
| Bank Operations Head | 9,030 EUR | +540% |
| Bank Operations Officer | 3,540 EUR | +150% |
| Bank Operations Specialist | 5,240 EUR | +270% |
| Bank Process Manager | 4,590 EUR | +220% |
| Bank Product Manager | 5,650 EUR | +300% |
| Bank Programme Manager | 5,730 EUR | +300% |
| Bank Project Manager | 6,840 EUR | +380% |
| Bank Propositions Manager | 5,900 EUR | +320% |
| Bank Quantitative Analyst | 4,410 EUR | +210% |
| Bank Regional Manager | 8,990 EUR | +530% |
| Bank Regional Risk Officer | 4,670 EUR | +230% |
| Bank Relationship Manager | 6,470 EUR | +360% |
| Bank Relationship Officer | 3,030 EUR | +110% |
| Bank Sustainability Analyst | 4,880 EUR | +240% |
| Bank Teller | 1,530 EUR | +8% |
| Banker | 2,970 EUR | +110% |
| Banking Business Analyst | 4,500 EUR | +220% |
| Banking Business Development Officer | 2,870 EUR | +100% |
| Banking Business Planning Executive | 6,160 EUR | +330% |
| Banking Data Analyst | 4,920 EUR | +250% |
| Banking Product Manager | 5,240 EUR | +270% |
| Banking Reference Data Manager | 4,720 EUR | +230% |
| Banking Regulatory Compliance Officer | 5,480 EUR | +290% |
| Banking Risk Analyst | 4,490 EUR | +220% |
| Banking Technical Analyst | 2,350 EUR | +66% |
| Bankruptcy Coordinator | 3,060 EUR | +120% |
| Bill and Account Collector | 1,590 EUR | +12% |
| Blockchain Analyst | 3,630 EUR | +160% |
| Blockchain Architect | 4,570 EUR | +220% |
| Blockchain Auditor | 3,980 EUR | +180% |
| Blockchain Compliance Analyst | 4,040 EUR | +190% |
| Blockchain Consultant | 4,160 EUR | +190% |
| Blockchain Trade Facilitator | 3,640 EUR | +160% |
| Budget Analyst | 4,250 EUR | +200% |
| Capital Risk Manager | 8,410 EUR | +490% |
| Cards Marketing Manager | 5,820 EUR | +310% |
| Cash Management Manager | 7,880 EUR | +460% |
| Check Processing Manager | 5,730 EUR | +300% |
| Chief Blockchain Officer | 4,980 EUR | +250% |
| Commercial Vault Associate | 4,220 EUR | +200% |
| Corporate Banker | 3,250 EUR | +130% |
| Corporate Dealer | 4,670 EUR | +230% |
| Credit Analyst | 3,590 EUR | +150% |
| Credit and Collections Manager | 6,130 EUR | +330% |
| Credit Card Fraud Investigator | 4,620 EUR | +230% |
| Credit Portfolio Manager | 8,270 EUR | +480% |
| Credit Risk Analyst | 4,890 EUR | +250% |
| Credit Risk Associate | 4,940 EUR | +250% |
| Cryptocurrency Accountant | 2,790 EUR | +97% |
| Cryptocurrency Adviser | 5,320 EUR | +280% |
| Cryptocurrency Analyst | 3,910 EUR | +180% |
| Cryptocurrency Compliance Manager | 5,280 EUR | +270% |
| Cryptocurrency Trader | 4,640 EUR | +230% |
| Digital Banking Manager | 6,180 EUR | +340% |
| Digital Currency Analyst | 4,570 EUR | +220% |
| Direct Bank Sales Representative | 3,110 EUR | +120% |
| Exchange Control Consultant | 4,470 EUR | +220% |
| Executive Account Analyst | 4,160 EUR | +190% |
| Financial Bank Planning Consultant | 5,930 EUR | +320% |
| Financial Banking Analysis Manager | 6,220 EUR | +340% |
| Financial Banking Assistant | 2,190 EUR | +55% |
| Financial Banking Systems Manager | 6,150 EUR | +330% |
| Foreign Exchange Manager | 6,460 EUR | +360% |
| Fraud Analyst | 4,630 EUR | +230% |
| Fraud Detection Associate | 3,140 EUR | +120% |
| Fraud Detection Manager | 6,580 EUR | +360% |
| Fraud Detection Supervisor | 3,730 EUR | +160% |
| Internal Bank Audit Manager | 8,290 EUR | +490% |
| Internal Bank Auditor | 4,330 EUR | +210% |
| Internal Private Banker | 3,160 EUR | +120% |
| International Banking Manager | 8,980 EUR | +530% |
| Investment Banking Analyst | 6,340 EUR | +350% |
| Loan Analyst | 4,410 EUR | +210% |
| Loan Area Manager | 5,510 EUR | +290% |
| Loan Audit Team Leader | 5,160 EUR | +260% |
| Loan Branch Manager | 5,020 EUR | +250% |
| Loan Business Development Officer | 2,660 EUR | +88% |
| Loan Clerk | 1,530 EUR | +8% |
| Loan Collection and Recovery Manager | 5,510 EUR | +290% |
| Loan Collection Manager | 5,070 EUR | +260% |
| Loan Collector | 1,480 EUR | +4% |
| Loan Examiner | 1,930 EUR | +36% |
| Loan Officer | 1,620 EUR | +14% |
| Loan Processing Manager | 4,680 EUR | +230% |
| Loan Processor | 1,920 EUR | +35% |
| Loan Quality Assurance Auditor | 4,690 EUR | +230% |
| Loan Quality Assurance Manager | 5,120 EUR | +260% |
| Loan Quality Assurance Representative | 3,350 EUR | +140% |
| Loan Review Manager | 4,970 EUR | +250% |
| Loan Team Leader | 4,360 EUR | +210% |
| Loans Manager | 6,200 EUR | +340% |
| Mortgage Advisor | 2,940 EUR | +110% |
| Mortgage Collection Manager | 5,390 EUR | +280% |
| Mortgage Collector | 1,480 EUR | +4% |
| Mortgage Credit Analyst | 2,360 EUR | +67% |
| Mortgage Credit Manager | 4,870 EUR | +240% |
| Mortgage Development Manager | 5,480 EUR | +290% |
| Mortgage Document Reviewer | 2,030 EUR | +43% |
| Mortgage Funding Manager | 5,910 EUR | +320% |
| Mortgage Operations Manager | 7,980 EUR | +460% |
| Mortgage Payment Processing Clerk | 1,730 EUR | +22% |
| Mortgage Processing Manager | 5,130 EUR | +260% |
| Mortgage Processor | 1,980 EUR | +40% |
| Mortgage Quality Assurance Auditor | 4,400 EUR | +210% |
| Mortgage Quality Assurance Manager | 4,940 EUR | +250% |
| Mortgage Servicing Clerk | 1,500 EUR | +6% |
| Mortgage Servicing Manager | 4,690 EUR | +230% |
| Mortgage Underwriter | 1,810 EUR | +28% |
| Online Banking Manager | 7,500 EUR | +430% |
| Open Banking Strategist | 4,800 EUR | +240% |
| Payment Processing Clerk | 1,500 EUR | +6% |
| Personal Banker | 3,120 EUR | +120% |
| Personal Banking Advisor | 3,230 EUR | +130% |
| Phone Banker | 2,190 EUR | +55% |
| Private Banker | 3,320 EUR | +130% |
| Reconciliation and Investigation Specialist | 3,510 EUR | +150% |
| Tax Officer | 2,780 EUR | +96% |
| Teller | 1,490 EUR | +5% |
| Trade Officer | 1,850 EUR | +31% |
| Trade Product Manager | 5,210 EUR | +270% |
| Trader | 2,140 EUR | +51% |
| Treasury Operations Officer | 4,060 EUR | +190% |
| Wealth Management Advisor | 6,720 EUR | +370% |
Salary Comparison By City
| City | Average Salary |
| Berlin | 1,490 EUR |
| Dortmund | 1,330 EUR |
| Frankfurt | 1,350 EUR |
| Hamburg | 1,450 EUR |
| Munchen | 1,420 EUR |
| Stuttgart | 1,290 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 Bank Collector in Munchen?
A good and competitive compensation would range anywhere between 1,300 EUR and 1,480 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 Bank Collector in Munchen ranges from 720 EUR to 1,070 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
