Bank Relationship Officer Average Salary in New Zealand 2024
How much money does a person working as Bank Relationship Officer make in New Zealand?
LOW
36,100
NZD AVERAGE
68,100
NZD HIGH
103,000
NZD
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
Salary Structure and Pay Scale Comparison
61,200 NZD or more
54,600 to 61,200 NZD
40,200 NZD or less
40,200 to 54,600 NZD
 36,100 NZD |
61,400 NZD |
103,000 NZD |
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 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 |
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.
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.
Typical Salary Progress for Most Careers
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 |
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 and Compensation Comparison By Gender / Bank Relationship Officer / New Zealand
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 |
Salary Comparison By Gender in New Zealand for all Careers
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.
New Zealand / 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 Relationship Officer / New Zealand
How much and how often are bonuses being awarded?
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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 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 Relationship Officer / New Zealand
33 NZD per hourThe 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.
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 Title | Average Salary |
| Banking |  -100% | |
| AML Analyst | 142,000 NZD |  +110% |
| Assistant Bank Branch Manager | 132,000 NZD | +94% |
| Assistant Bank Manager | 169,000 NZD | +150% |
| ATM Manager | 136,000 NZD | +100% |
| ATM Service Technician | 39,700 NZD | -42% |
| Bank Accounts Analyst | 55,600 NZD | -18% |
| Bank Accounts Collector | 35,400 NZD | -48% |
| Bank Accounts Controller | 75,200 NZD | +10% |
| Bank Accounts Executive | 107,000 NZD | +57% |
| Bank Accounts Manager | 118,000 NZD | +73% |
| Bank Auditing Manager | 122,000 NZD | +79% |
| Bank Branch Manager | 170,000 NZD | +150% |
| Bank Branch Operations Coordinator | 76,300 NZD | +12% |
| Bank Clerk | 32,100 NZD | -53% |
| Bank Client Service Associate | 46,600 NZD | -32% |
| Bank Collector | 33,300 NZD | -51% |
| Bank Compliance Specialist | 93,000 NZD | +37% |
| Bank Manager | 211,000 NZD | +210% |
| Bank Operational Risk Manager | 201,000 NZD | +200% |
| Bank Operations Head | 213,000 NZD | +210% |
| Bank Operations Officer | 83,900 NZD | +23% |
| Bank Operations Specialist | 126,000 NZD | +85% |
| Bank Process Manager | 111,000 NZD | +63% |
| Bank Product Manager | 130,000 NZD | +91% |
| Bank Programme Manager | 144,000 NZD | +110% |
| Bank Project Manager | 167,000 NZD | +150% |
| Bank Propositions Manager | 151,000 NZD | +120% |
| Bank Quantitative Analyst | 101,000 NZD | +48% |
| Bank Regional Manager | 204,000 NZD | +200% |
| Bank Regional Risk Officer | 104,000 NZD | +53% |
| Bank Relationship Manager | 158,000 NZD | +130% |
| Bank Relationship Officer | 68,100 NZD | +0% |
| Bank Sustainability Analyst | 116,000 NZD | +70% |
| Bank Teller | 34,600 NZD | -49% |
| Banker | 73,800 NZD | +8% |
| Banking Business Analyst | 107,000 NZD | +57% |
| Banking Business Development Officer | 66,600 NZD | -2% |
| Banking Business Planning Executive | 151,000 NZD | +120% |
| Banking Data Analyst | 125,000 NZD | +84% |
| Banking Product Manager | 132,000 NZD | +94% |
| Banking Reference Data Manager | 111,000 NZD | +63% |
| Banking Regulatory Compliance Officer | 123,000 NZD | +81% |
| Banking Risk Analyst | 103,000 NZD | +51% |
| Banking Technical Analyst | 53,900 NZD | -21% |
| Bankruptcy Coordinator | 71,500 NZD | +5% |
| Bill and Account Collector | 37,400 NZD | -45% |
| Blockchain Analyst | 87,100 NZD | +28% |
| Blockchain Architect | 107,000 NZD | +57% |
| Blockchain Auditor | 90,600 NZD | +33% |
| Blockchain Compliance Analyst | 98,800 NZD | +45% |
| Blockchain Consultant | 99,000 NZD | +45% |
| Blockchain Trade Facilitator | 83,600 NZD | +23% |
| Budget Analyst | 104,000 NZD | +53% |
| Capital Risk Manager | 205,000 NZD | +200% |
| Cards Marketing Manager | 131,000 NZD | +92% |
| Cash Management Manager | 178,000 NZD | +160% |
| Check Processing Manager | 139,000 NZD | +100% |
| Chief Blockchain Officer | 116,000 NZD | +70% |
| Commercial Vault Associate | 104,000 NZD | +53% |
| Corporate Banker | 73,300 NZD | +8% |
| Corporate Dealer | 106,000 NZD | +56% |
| Credit Analyst | 80,400 NZD | +18% |
| Credit and Collections Manager | 148,000 NZD | +120% |
| Credit Card Fraud Investigator | 108,000 NZD | +59% |
| Credit Portfolio Manager | 191,000 NZD | +180% |
| Credit Risk Analyst | 117,000 NZD | +72% |
| Credit Risk Associate | 116,000 NZD | +70% |
| Cryptocurrency Accountant | 67,100 NZD | -1% |
| Cryptocurrency Adviser | 124,000 NZD | +82% |
| Cryptocurrency Analyst | 98,600 NZD | +45% |
| Cryptocurrency Compliance Manager | 117,000 NZD | +72% |
| Cryptocurrency Trader | 111,000 NZD | +63% |
| Digital Banking Manager | 144,000 NZD | +110% |
| Digital Currency Analyst | 103,000 NZD | +51% |
| Direct Bank Sales Representative | 78,300 NZD | +15% |
| Exchange Control Consultant | 107,000 NZD | +57% |
| Executive Account Analyst | 100,000 NZD | +47% |
| Financial Bank Planning Consultant | 133,000 NZD | +95% |
| Financial Banking Analysis Manager | 149,000 NZD | +120% |
| Financial Banking Assistant | 50,900 NZD | -25% |
| Financial Banking Systems Manager | 139,000 NZD | +100% |
| Foreign Exchange Manager | 157,000 NZD | +130% |
| Fraud Analyst | 115,000 NZD | +69% |
| Fraud Detection Associate | 74,400 NZD | +9% |
| Fraud Detection Manager | 166,000 NZD | +140% |
| Fraud Detection Supervisor | 94,900 NZD | +39% |
| Internal Bank Audit Manager | 200,000 NZD | +190% |
| Internal Bank Auditor | 102,000 NZD | +50% |
| Internal Private Banker | 75,200 NZD | +10% |
| International Banking Manager | 205,000 NZD | +200% |
| Investment Banking Analyst | 160,000 NZD | +130% |
| Loan Analyst | 109,000 NZD | +60% |
| Loan Area Manager | 126,000 NZD | +85% |
| Loan Audit Team Leader | 118,000 NZD | +73% |
| Loan Branch Manager | 124,000 NZD | +82% |
| Loan Business Development Officer | 63,800 NZD | -6% |
| Loan Clerk | 35,600 NZD | -48% |
| Loan Collection and Recovery Manager | 122,000 NZD | +79% |
| Loan Collection Manager | 127,000 NZD | +87% |
| Loan Collector | 35,100 NZD | -48% |
| Loan Examiner | 44,700 NZD | -34% |
| Loan Officer | 38,700 NZD | -43% |
| Loan Processing Manager | 117,000 NZD | +72% |
| Loan Processor | 46,600 NZD | -32% |
| Loan Quality Assurance Auditor | 111,000 NZD | +63% |
| Loan Quality Assurance Manager | 118,000 NZD | +73% |
| Loan Quality Assurance Representative | 82,800 NZD | +22% |
| Loan Review Manager | 120,000 NZD | +76% |
| Loan Team Leader | 102,000 NZD | +50% |
| Loans Manager | 140,000 NZD | +110% |
| Mortgage Advisor | 74,200 NZD | +9% |
| Mortgage Collection Manager | 120,000 NZD | +76% |
| Mortgage Collector | 35,300 NZD | -48% |
| Mortgage Credit Analyst | 54,800 NZD | -20% |
| Mortgage Credit Manager | 122,000 NZD | +79% |
| Mortgage Development Manager | 133,000 NZD | +95% |
| Mortgage Document Reviewer | 47,900 NZD | -30% |
| Mortgage Funding Manager | 136,000 NZD | +100% |
| Mortgage Operations Manager | 177,000 NZD | +160% |
| Mortgage Payment Processing Clerk | 41,300 NZD | -39% |
| Mortgage Processing Manager | 115,000 NZD | +69% |
| Mortgage Processor | 47,800 NZD | -30% |
| Mortgage Quality Assurance Auditor | 102,000 NZD | +50% |
| Mortgage Quality Assurance Manager | 124,000 NZD | +82% |
| Mortgage Servicing Clerk | 35,300 NZD | -48% |
| Mortgage Servicing Manager | 118,000 NZD | +73% |
| Mortgage Underwriter | 44,200 NZD | -35% |
| Online Banking Manager | 185,000 NZD | +170% |
| Open Banking Strategist | 108,000 NZD | +59% |
| Payment Processing Clerk | 35,900 NZD | -47% |
| Personal Banker | 77,100 NZD | +13% |
| Personal Banking Advisor | 81,300 NZD | +19% |
| Phone Banker | 52,700 NZD | -23% |
| Private Banker | 77,500 NZD | +14% |
| Reconciliation and Investigation Specialist | 85,500 NZD | +26% |
| Tax Officer | 62,700 NZD | -8% |
| Teller | 35,300 NZD | -48% |
| Trade Officer | 44,300 NZD | -35% |
| Trade Product Manager | 121,000 NZD | +78% |
| Trader | 53,700 NZD | -21% |
| Treasury Operations Officer | 94,100 NZD | +38% |
| Wealth Management Advisor | 157,000 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 |
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
