Bank Accounts Controller Average Salary in Palma de Mallorca 2024
How much money does a person working as Bank Accounts Controller make in Palma de Mallorca?
LOW
990
EUR AVERAGE
2,160
EUR HIGH
3,440
EUR
A person working as Bank Accounts Controller in Palma de Mallorca typically earns around 2,160 EUR. Salaries range from 990 EUR (lowest) to 3,440 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Bank Accounts Controller salaries in Palma de Mallorca vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Bank Accounts Controller Pay Scale and Salaries in Palma de Mallorca
Salary Structure and Pay Scale Comparison
2,050 EUR or more
1,800 to 2,050 EUR
1,240 EUR or less
1,240 to 1,800 EUR
 990 EUR |
2,070 EUR |
3,440 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 Accounts Controller in Palma de Mallorca range from 990 EUR (starting salary) to 3,440 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 2,070 EUR, half of the professionals who work as Bank Accounts Controller in Palma de Mallorca 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 Accounts Controller in Palma de Mallorca earn less than 1,670 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 2,380 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 Accounts Controller in Palma de Mallorca compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,240 EUR to 1,800 EUR. About 20% of salaries are below the 1,240 EUR mark, while 10% fall within the range of 1,800 EUR to 2,050 EUR. Only 5% of individuals have salaries exceeding 2,050 EUR.
Salary Comparison by Years of Experience / Bank Accounts Controller / Palma de Mallorca
How do experience and age affect pay?
| 0 - 2 Years | 1,130 EUR | |
| 2 - 5 Years | +34% | 1,510 EUR |
| 5 - 10 Years | +48% | 2,230 EUR |
| 10 - 15 Years | +22% | 2,720 EUR |
| 15 - 20 Years | +9% | 2,960 EUR |
| 20+ Years | +8% | 3,200 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 Accounts Controller and this is what we found.
Employees with less than two years of experience earn approximately 1,130 EUR.
While someone with an experience level between two and five years is expected to earn 1,510 EUR, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 2,230 EUR, 48% 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 2,720 EUR, 22% 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 2,960 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 3,200 EUR, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Bank Accounts Controller / Palma de Mallorca
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Bank Accounts Controller.
| Certificate or Diploma | 1,290 EUR | |
| Bachelor's Degree | +57% | 2,020 EUR |
| Master's Degree | +68% | 3,390 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 Accounts Controller in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 1,290 EUR.
Level 2: Bachelor's Degree
At this level, the average salary becomes 2,020 EUR, 57% more than the previous level.
Level 3: Master's Degree
At this level, the average salary becomes 3,390 EUR, 68% 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 Spain costs anywhere from 13,600 EUR to 40,900 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 / Bank Accounts Controller / Palma de Mallorca
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 Accounts Controller in Spain, the average difference between the salary of male and female employees is 6%.
| Male | 2,270 EUR | |
| Female | -5% | 2,150 EUR |
Salary Comparison By Gender in Spain for all Careers
Average Annual Salary Increment Percentage / Bank Accounts Controller / Palma de Mallorca
How much are annual salary increments in Palma de Mallorca for individuals working as Bank Accounts Controller? How often do employees get salary raises?
Individuals working as Bank Accounts Controller in Spain 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 17 months.
Spain / 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 Accounts Controller / Spain
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 Accounts Controller / Palma de Mallorca
12 EUR per hourThe average hourly wage (pay per hour) for individuals working as Bank Accounts Controller in Palma de Mallorca is 12 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 Accounts Controller in Palma de Mallorca is 6 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 | 4,020 EUR |  +86% |
| Assistant Bank Branch Manager | 3,530 EUR | +63% |
| Assistant Bank Manager | 4,380 EUR | +100% |
| ATM Manager | 4,020 EUR | +86% |
| ATM Service Technician | 1,230 EUR | -43% |
| Bank Accounts Analyst | 1,710 EUR | -21% |
| Bank Accounts Collector | 1,100 EUR | -49% |
| Bank Accounts Controller | 2,160 EUR | -0% |
| Bank Accounts Executive | 3,030 EUR | +40% |
| Bank Accounts Manager | 3,390 EUR | +57% |
| Bank Auditing Manager | 3,410 EUR | +58% |
| Bank Branch Manager | 4,860 EUR | +120% |
| Bank Branch Operations Coordinator | 2,220 EUR | +3% |
| Bank Clerk | 1,120 EUR | -48% |
| Bank Client Service Associate | 1,420 EUR | -34% |
| Bank Collector | 1,140 EUR | -47% |
| Bank Compliance Specialist | 2,630 EUR | +22% |
| Bank Manager | 5,240 EUR | +140% |
| Bank Operational Risk Manager | 5,250 EUR | +140% |
| Bank Operations Head | 5,640 EUR | +160% |
| Bank Operations Officer | 2,360 EUR | +9% |
| Bank Operations Specialist | 3,610 EUR | +67% |
| Bank Process Manager | 3,240 EUR | +50% |
| Bank Product Manager | 3,570 EUR | +65% |
| Bank Programme Manager | 3,830 EUR | +77% |
| Bank Project Manager | 4,460 EUR | +110% |
| Bank Propositions Manager | 3,860 EUR | +79% |
| Bank Quantitative Analyst | 2,860 EUR | +32% |
| Bank Regional Manager | 5,860 EUR | +170% |
| Bank Regional Risk Officer | 2,970 EUR | +37% |
| Bank Relationship Manager | 4,240 EUR | +96% |
| Bank Relationship Officer | 2,030 EUR | -6% |
| Bank Sustainability Analyst | 3,170 EUR | +47% |
| Bank Teller | 1,140 EUR | -47% |
| Banker | 2,000 EUR | -7% |
| Banking Business Analyst | 3,000 EUR | +39% |
| Banking Business Development Officer | 1,980 EUR | -8% |
| Banking Business Planning Executive | 4,120 EUR | +91% |
| Banking Data Analyst | 3,500 EUR | +62% |
| Banking Product Manager | 3,500 EUR | +62% |
| Banking Reference Data Manager | 3,320 EUR | +54% |
| Banking Regulatory Compliance Officer | 3,500 EUR | +62% |
| Banking Risk Analyst | 2,840 EUR | +31% |
| Banking Technical Analyst | 1,600 EUR | -26% |
| Bankruptcy Coordinator | 2,170 EUR | +0% |
| Bill and Account Collector | 1,140 EUR | -47% |
| Blockchain Analyst | 2,540 EUR | +18% |
| Blockchain Architect | 2,850 EUR | +32% |
| Blockchain Auditor | 2,740 EUR | +27% |
| Blockchain Compliance Analyst | 2,750 EUR | +27% |
| Blockchain Consultant | 2,800 EUR | +30% |
| Blockchain Trade Facilitator | 2,380 EUR | +10% |
| Budget Analyst | 2,860 EUR | +32% |
| Capital Risk Manager | 5,440 EUR | +150% |
| Cards Marketing Manager | 3,750 EUR | +74% |
| Cash Management Manager | 5,040 EUR | +130% |
| Check Processing Manager | 3,680 EUR | +70% |
| Chief Blockchain Officer | 3,300 EUR | +53% |
| Commercial Vault Associate | 2,920 EUR | +35% |
| Corporate Banker | 2,190 EUR | +1% |
| Corporate Dealer | 3,100 EUR | +43% |
| Credit Analyst | 2,340 EUR | +8% |
| Credit and Collections Manager | 3,810 EUR | +76% |
| Credit Card Fraud Investigator | 3,190 EUR | +48% |
| Credit Portfolio Manager | 5,290 EUR | +140% |
| Credit Risk Analyst | 3,300 EUR | +53% |
| Credit Risk Associate | 3,140 EUR | +45% |
| Cryptocurrency Accountant | 2,020 EUR | -7% |
| Cryptocurrency Adviser | 3,630 EUR | +68% |
| Cryptocurrency Analyst | 2,700 EUR | +25% |
| Cryptocurrency Compliance Manager | 3,210 EUR | +49% |
| Cryptocurrency Trader | 3,120 EUR | +44% |
| Digital Banking Manager | 4,080 EUR | +89% |
| Digital Currency Analyst | 2,950 EUR | +37% |
| Direct Bank Sales Representative | 2,200 EUR | +2% |
| Exchange Control Consultant | 3,060 EUR | +42% |
| Executive Account Analyst | 2,890 EUR | +34% |
| Financial Bank Planning Consultant | 3,720 EUR | +72% |
| Financial Banking Analysis Manager | 4,120 EUR | +91% |
| Financial Banking Assistant | 1,580 EUR | -27% |
| Financial Banking Systems Manager | 4,020 EUR | +86% |
| Foreign Exchange Manager | 4,180 EUR | +93% |
| Fraud Analyst | 3,020 EUR | +40% |
| Fraud Detection Associate | 2,110 EUR | -2% |
| Fraud Detection Manager | 4,400 EUR | +100% |
| Fraud Detection Supervisor | 2,700 EUR | +25% |
| Internal Bank Audit Manager | 5,140 EUR | +140% |
| Internal Bank Auditor | 2,750 EUR | +27% |
| Internal Private Banker | 2,170 EUR | +0% |
| International Banking Manager | 6,040 EUR | +180% |
| Investment Banking Analyst | 4,270 EUR | +98% |
| Loan Analyst | 3,060 EUR | +42% |
| Loan Area Manager | 3,440 EUR | +59% |
| Loan Audit Team Leader | 3,240 EUR | +50% |
| Loan Branch Manager | 3,450 EUR | +60% |
| Loan Business Development Officer | 1,910 EUR | -12% |
| Loan Clerk | 1,170 EUR | -46% |
| Loan Collection and Recovery Manager | 3,650 EUR | +69% |
| Loan Collection Manager | 3,390 EUR | +57% |
| Loan Collector | 1,120 EUR | -48% |
| Loan Examiner | 1,390 EUR | -36% |
| Loan Officer | 1,230 EUR | -43% |
| Loan Processing Manager | 3,050 EUR | +41% |
| Loan Processor | 1,490 EUR | -31% |
| Loan Quality Assurance Auditor | 3,020 EUR | +40% |
| Loan Quality Assurance Manager | 3,250 EUR | +50% |
| Loan Quality Assurance Representative | 2,170 EUR | +0% |
| Loan Review Manager | 3,430 EUR | +59% |
| Loan Team Leader | 3,010 EUR | +39% |
| Loans Manager | 3,980 EUR | +84% |
| Mortgage Advisor | 2,080 EUR | -4% |
| Mortgage Collection Manager | 3,280 EUR | +52% |
| Mortgage Collector | 1,130 EUR | -48% |
| Mortgage Credit Analyst | 1,670 EUR | -23% |
| Mortgage Credit Manager | 3,210 EUR | +49% |
| Mortgage Development Manager | 3,930 EUR | +82% |
| Mortgage Document Reviewer | 1,440 EUR | -33% |
| Mortgage Funding Manager | 3,770 EUR | +74% |
| Mortgage Operations Manager | 4,820 EUR | +120% |
| Mortgage Payment Processing Clerk | 1,310 EUR | -39% |
| Mortgage Processing Manager | 3,270 EUR | +51% |
| Mortgage Processor | 1,510 EUR | -30% |
| Mortgage Quality Assurance Auditor | 2,980 EUR | +38% |
| Mortgage Quality Assurance Manager | 3,290 EUR | +52% |
| Mortgage Servicing Clerk | 1,180 EUR | -45% |
| Mortgage Servicing Manager | 3,230 EUR | +49% |
| Mortgage Underwriter | 1,320 EUR | -39% |
| Online Banking Manager | 5,030 EUR | +130% |
| Open Banking Strategist | 3,090 EUR | +43% |
| Payment Processing Clerk | 1,150 EUR | -47% |
| Personal Banker | 2,240 EUR | +4% |
| Personal Banking Advisor | 2,270 EUR | +5% |
| Phone Banker | 1,500 EUR | -31% |
| Private Banker | 2,090 EUR | -3% |
| Reconciliation and Investigation Specialist | 2,370 EUR | +10% |
| Tax Officer | 1,900 EUR | -12% |
| Teller | 1,110 EUR | -49% |
| Trade Officer | 1,380 EUR | -36% |
| Trade Product Manager | 3,490 EUR | +61% |
| Trader | 1,540 EUR | -29% |
| Treasury Operations Officer | 2,720 EUR | +26% |
| Wealth Management Advisor | 4,090 EUR | +89% |
Salary Comparison By City
| City | Average Salary |
| Barcelona | 2,350 EUR |
| Madrid | 2,420 EUR |
| Palma de Mallorca | 2,160 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 Spain is 5% on average across all career fields.
| Private Sector | 2,660 EUR | |
| Public Sector | +5% | 2,780 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Bank Accounts Controller in Palma de Mallorca?
A good and competitive compensation would range anywhere between 2,070 EUR and 2,380 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 Accounts Controller in Palma de Mallorca ranges from 990 EUR to 1,670 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
