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Bank Relationship Officer Average Salary in New Zealand 2024

How much money does a person working as Bank Relationship Officer make in New Zealand?


Average Yearly Salary
68,100 NZD
( 5,670 NZD monthly)

LOW
36,100
NZD
AVERAGE
68,100
NZD
HIGH
103,000
NZD
All salary figures displayed here are per year 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 as Bank Relationship Officer in New Zealand typically earns around 68,100 NZD. Salaries range from 36,100 NZD (lowest) to 103,000 NZD (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Bank Relationship Officer salaries in New Zealand vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Bank Relationship Officer Pay Scale and Salaries in New Zealand

Median and salary distribution New Zealand Bank Relationship Officer yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
61,200 NZD or more
10% of people earn
54,600 to 61,200 NZD
20% of people earn
40,200 NZD or less
65% of people earn
40,200 to 54,600 NZD
Minimum Salary
36,100 NZD
Median
61,400 NZD
Maximum
103,000 NZD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per year except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Bank Relationship Officer in New Zealand range from 36,100 NZD (starting salary) to 103,000 NZD (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 61,400 NZD, half of the professionals who work as Bank Relationship Officer in New Zealand 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 Relationship Officer in New Zealand earn less than 51,100 NZD, while 75% earn more. Similarly, the chart shows that 75% earn less than 69,500 NZD 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 Relationship Officer in New Zealand compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 40,200 NZD to 54,600 NZD. About 20% of salaries are below the 40,200 NZD mark, while 10% fall within the range of 54,600 NZD to 61,200 NZD. Only 5% of individuals have salaries exceeding 61,200 NZD.

Salary Comparison by Years of Experience / Bank Relationship Officer / New Zealand

How do experience and age affect pay?

0 - 2 Years
41,500 NZD
2 - 5 Years+23%
50,900 NZD
5 - 10 Years+42%
72,100 NZD
10 - 15 Years+17%
84,300 NZD
15 - 20 Years+10%
92,700 NZD
20+ Years+6%
98,100 NZD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience yearly New Zealand Bank Relationship Officer
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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. We broke down salaries by experience level for people working as Bank Relationship Officer and this is what we found.


All salary figures displayed here are per year except when noted otherwise.

Employees with less than two years of experience earn approximately 41,500 NZD.

While someone with an experience level between two and five years is expected to earn 50,900 NZD, 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 72,100 NZD, 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 84,300 NZD, 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 92,700 NZD, 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 98,100 NZD, 6% more than people with fifteen to twenty years of experience.

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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Bank Relationship Officer / New Zealand

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Bank Relationship Officer.

Certificate or Diploma
50,900 NZD
Bachelor's Degree+29%
65,700 NZD
Master's Degree+43%
94,100 NZD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level yearly New Zealand Bank Relationship Officer
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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 Relationship Officer in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 50,900 NZD.


Level 2: Bachelor's Degree

At this level, the average salary becomes 65,700 NZD, 29% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 94,100 NZD, 43% 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 New Zealand costs anywhere from 40,700 NZD to 122,000 NZD 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 Comparison By Education Level
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Salary and Compensation Comparison By Gender / Bank Relationship Officer / New Zealand

Salary comparison by gender New Zealand Bank Relationship Officer yearly
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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? For the people who work as Bank Relationship Officer in New Zealand, the average difference between the salary of male and female employees is 5%.

Male
69,700 NZD
Female-5%
66,300 NZD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in New Zealand for all Careers

Salary comparison by gender yearly New Zealand
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Average Annual Salary Increment Percentage / Bank Relationship Officer / New Zealand

How much are annual salary increments in New Zealand for individuals working as Bank Relationship Officer? How often do employees get salary raises?

Individuals working as Bank Relationship Officer in New Zealand are likely to observe a salary increase of approximately 11% every 15 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate New Zealand Bank Relationship Officer
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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.

New Zealand / All Professions

Annual Salary Increment Rate New Zealand
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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 New Zealand 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 / Bank Relationship Officer / New Zealand

How much and how often are bonuses being awarded?Annual Salary Bonus Rate New Zealand Bank Relationship Officer
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47% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 53% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.

Received Bonus
53%
No Bonus
47%

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.

Average Hourly Wage / Bank Relationship Officer / New Zealand


33 NZD per hour

The average hourly wage (pay per hour) for individuals working as Bank Relationship Officer in New Zealand is 33 NZD.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 as Bank Relationship Officer in New Zealand is 17 NZD. 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 TitleAverage Salary
Banking-100%
AML Analyst142,000 NZD+110%
Assistant Bank Branch Manager132,000 NZD+94%
Assistant Bank Manager169,000 NZD+150%
ATM Manager136,000 NZD+100%
ATM Service Technician39,700 NZD-42%
Bank Accounts Analyst55,600 NZD-18%
Bank Accounts Collector35,400 NZD-48%
Bank Accounts Controller75,200 NZD+10%
Bank Accounts Executive107,000 NZD+57%
Bank Accounts Manager118,000 NZD+73%
Bank Auditing Manager122,000 NZD+79%
Bank Branch Manager170,000 NZD+150%
Bank Branch Operations Coordinator76,300 NZD+12%
Bank Clerk32,100 NZD-53%
Bank Client Service Associate46,600 NZD-32%
Bank Collector33,300 NZD-51%
Bank Compliance Specialist93,000 NZD+37%
Bank Manager211,000 NZD+210%
Bank Operational Risk Manager201,000 NZD+200%
Bank Operations Head213,000 NZD+210%
Bank Operations Officer83,900 NZD+23%
Bank Operations Specialist126,000 NZD+85%
Bank Process Manager111,000 NZD+63%
Bank Product Manager 130,000 NZD+91%
Bank Programme Manager144,000 NZD+110%
Bank Project Manager167,000 NZD+150%
Bank Propositions Manager151,000 NZD+120%
Bank Quantitative Analyst101,000 NZD+48%
Bank Regional Manager204,000 NZD+200%
Bank Regional Risk Officer104,000 NZD+53%
Bank Relationship Manager158,000 NZD+130%
Bank Relationship Officer68,100 NZD+0%
Bank Sustainability Analyst116,000 NZD+70%
Bank Teller34,600 NZD-49%
Banker73,800 NZD+8%
Banking Business Analyst107,000 NZD+57%
Banking Business Development Officer66,600 NZD-2%
Banking Business Planning Executive151,000 NZD+120%
Banking Data Analyst125,000 NZD+84%
Banking Product Manager132,000 NZD+94%
Banking Reference Data Manager111,000 NZD+63%
Banking Regulatory Compliance Officer123,000 NZD+81%
Banking Risk Analyst103,000 NZD+51%
Banking Technical Analyst53,900 NZD-21%
Bankruptcy Coordinator71,500 NZD+5%
Bill and Account Collector37,400 NZD-45%
Blockchain Analyst87,100 NZD+28%
Blockchain Architect107,000 NZD+57%
Blockchain Auditor90,600 NZD+33%
Blockchain Compliance Analyst98,800 NZD+45%
Blockchain Consultant99,000 NZD+45%
Blockchain Trade Facilitator83,600 NZD+23%
Budget Analyst104,000 NZD+53%
Capital Risk Manager205,000 NZD+200%
Cards Marketing Manager131,000 NZD+92%
Cash Management Manager178,000 NZD+160%
Check Processing Manager139,000 NZD+100%
Chief Blockchain Officer116,000 NZD+70%
Commercial Vault Associate104,000 NZD+53%
Corporate Banker73,300 NZD+8%
Corporate Dealer106,000 NZD+56%
Credit Analyst80,400 NZD+18%
Credit and Collections Manager148,000 NZD+120%
Credit Card Fraud Investigator108,000 NZD+59%
Credit Portfolio Manager191,000 NZD+180%
Credit Risk Analyst117,000 NZD+72%
Credit Risk Associate116,000 NZD+70%
Cryptocurrency Accountant67,100 NZD-1%
Cryptocurrency Adviser124,000 NZD+82%
Cryptocurrency Analyst98,600 NZD+45%
Cryptocurrency Compliance Manager117,000 NZD+72%
Cryptocurrency Trader111,000 NZD+63%
Digital Banking Manager144,000 NZD+110%
Digital Currency Analyst103,000 NZD+51%
Direct Bank Sales Representative78,300 NZD+15%
Exchange Control Consultant107,000 NZD+57%
Executive Account Analyst100,000 NZD+47%
Financial Bank Planning Consultant133,000 NZD+95%
Financial Banking Analysis Manager149,000 NZD+120%
Financial Banking Assistant50,900 NZD-25%
Financial Banking Systems Manager139,000 NZD+100%
Foreign Exchange Manager157,000 NZD+130%
Fraud Analyst115,000 NZD+69%
Fraud Detection Associate74,400 NZD+9%
Fraud Detection Manager166,000 NZD+140%
Fraud Detection Supervisor94,900 NZD+39%
Internal Bank Audit Manager200,000 NZD+190%
Internal Bank Auditor102,000 NZD+50%
Internal Private Banker75,200 NZD+10%
International Banking Manager205,000 NZD+200%
Investment Banking Analyst160,000 NZD+130%
Loan Analyst109,000 NZD+60%
Loan Area Manager126,000 NZD+85%
Loan Audit Team Leader118,000 NZD+73%
Loan Branch Manager124,000 NZD+82%
Loan Business Development Officer63,800 NZD-6%
Loan Clerk35,600 NZD-48%
Loan Collection and Recovery Manager122,000 NZD+79%
Loan Collection Manager127,000 NZD+87%
Loan Collector35,100 NZD-48%
Loan Examiner44,700 NZD-34%
Loan Officer38,700 NZD-43%
Loan Processing Manager117,000 NZD+72%
Loan Processor46,600 NZD-32%
Loan Quality Assurance Auditor111,000 NZD+63%
Loan Quality Assurance Manager118,000 NZD+73%
Loan Quality Assurance Representative82,800 NZD+22%
Loan Review Manager120,000 NZD+76%
Loan Team Leader102,000 NZD+50%
Loans Manager140,000 NZD+110%
Mortgage Advisor74,200 NZD+9%
Mortgage Collection Manager120,000 NZD+76%
Mortgage Collector35,300 NZD-48%
Mortgage Credit Analyst54,800 NZD-20%
Mortgage Credit Manager122,000 NZD+79%
Mortgage Development Manager133,000 NZD+95%
Mortgage Document Reviewer47,900 NZD-30%
Mortgage Funding Manager136,000 NZD+100%
Mortgage Operations Manager177,000 NZD+160%
Mortgage Payment Processing Clerk41,300 NZD-39%
Mortgage Processing Manager115,000 NZD+69%
Mortgage Processor47,800 NZD-30%
Mortgage Quality Assurance Auditor102,000 NZD+50%
Mortgage Quality Assurance Manager124,000 NZD+82%
Mortgage Servicing Clerk35,300 NZD-48%
Mortgage Servicing Manager118,000 NZD+73%
Mortgage Underwriter44,200 NZD-35%
Online Banking Manager185,000 NZD+170%
Open Banking Strategist108,000 NZD+59%
Payment Processing Clerk35,900 NZD-47%
Personal Banker77,100 NZD+13%
Personal Banking Advisor 81,300 NZD+19%
Phone Banker52,700 NZD-23%
Private Banker77,500 NZD+14%
Reconciliation and Investigation Specialist85,500 NZD+26%
Tax Officer62,700 NZD-8%
Teller35,300 NZD-48%
Trade Officer44,300 NZD-35%
Trade Product Manager121,000 NZD+78%
Trader53,700 NZD-21%
Treasury Operations Officer94,100 NZD+38%
Wealth Management Advisor157,000 NZD+130%

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 New Zealand is 5% on average across all career fields.

Private Sector
94,900 NZD
Public Sector+5%
99,900 NZD
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 for the job title Bank Relationship Officer in New Zealand?

A good and competitive compensation would range anywhere between 61,400 NZD and 69,500 NZD. 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 Relationship Officer in New Zealand ranges from 36,100 NZD to 51,100 NZD. 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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