Bank Operational Risk Manager Average Salary in Prague 2024
How much money does a person working as Bank Operational Risk Manager make in Prague?
LOW
64,300
CZK AVERAGE
140,000
CZK HIGH
222,000
CZK
A person working as Bank Operational Risk Manager in Prague typically earns around 140,000 CZK. Salaries range from 64,300 CZK (lowest) to 222,000 CZK (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Bank Operational Risk Manager salaries in Prague vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Bank Operational Risk Manager Pay Scale and Salaries in Prague
Salary Structure and Pay Scale Comparison
133,000 CZK or more
116,000 to 133,000 CZK
80,000 CZK or less
80,000 to 116,000 CZK
 64,300 CZK |
134,000 CZK |
222,000 CZK |
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 Operational Risk Manager in Prague range from 64,300 CZK (starting salary) to 222,000 CZK (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 134,000 CZK, half of the professionals who work as Bank Operational Risk Manager in Prague 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 Operational Risk Manager in Prague earn less than 108,000 CZK, while 75% earn more. Similarly, the chart shows that 75% earn less than 154,000 CZK 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 Operational Risk Manager in Prague compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 80,000 CZK to 116,000 CZK. About 20% of salaries are below the 80,000 CZK mark, while 10% fall within the range of 116,000 CZK to 133,000 CZK. Only 5% of individuals have salaries exceeding 133,000 CZK.
Salary Comparison by Years of Experience / Bank Operational Risk Manager / Prague
How do experience and age affect pay?
| 0 - 2 Years | 73,000 CZK | |
| 2 - 5 Years | +34% | 97,500 CZK |
| 5 - 10 Years | +48% | 144,000 CZK |
| 10 - 15 Years | +22% | 176,000 CZK |
| 15 - 20 Years | +9% | 191,000 CZK |
| 20+ Years | +8% | 207,000 CZK |
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 Operational Risk Manager and this is what we found.
Employees with less than two years of experience earn approximately 73,000 CZK.
While someone with an experience level between two and five years is expected to earn 97,500 CZK, 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 144,000 CZK, 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 176,000 CZK, 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 191,000 CZK, 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 207,000 CZK, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Bank Operational Risk Manager / Prague
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Bank Operational Risk Manager.
| Bachelor's Degree | 84,900 CZK | |
| Master's Degree | +93% | 164,000 CZK |
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 Operational Risk Manager in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 84,900 CZK.
Level 2: Master's Degree
At this level, the average salary becomes 164,000 CZK, 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 Czech Republic costs anywhere from 306,000 CZK to 917,000 CZK 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 Operational Risk Manager / Prague
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 Operational Risk Manager in Czech Republic, the average difference between the salary of male and female employees is 8%.
| Male | 133,000 CZK | |
| Female | -7% | 124,000 CZK |
Salary Comparison By Gender in Czech Republic for all Careers
Average Annual Salary Increment Percentage / Bank Operational Risk Manager / Prague
How much are annual salary increments in Prague for individuals working as Bank Operational Risk Manager? How often do employees get salary raises?
Individuals working as Bank Operational Risk Manager in Czech Republic 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.
Czech Republic / 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 Operational Risk Manager / Czech Republic
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/czech-republic/banking/bank-operational-risk-manager/annual-salary-bonus-rate-czech-republic-bank-operational-risk-manager.jpg
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 Operational Risk Manager / Prague
810 CZK per hourThe average hourly wage (pay per hour) for individuals working as Bank Operational Risk Manager in Prague is 810 CZK.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 Operational Risk Manager in Prague is 370 CZK. 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 | 102,000 CZK | -27% |
| Assistant Bank Branch Manager | 90,400 CZK | -35% |
| Assistant Bank Manager | 115,000 CZK | -18% |
| ATM Manager | 97,800 CZK | -30% |
| ATM Service Technician | 27,100 CZK | -81% |
| Bank Accounts Analyst | 39,300 CZK | -72% |
| Bank Accounts Collector | 23,800 CZK | -83% |
| Bank Accounts Controller | 48,700 CZK | -65% |
| Bank Accounts Executive | 72,700 CZK | -48% |
| Bank Accounts Manager | 84,800 CZK | -39% |
| Bank Auditing Manager | 87,900 CZK | -37% |
| Bank Branch Manager | 123,000 CZK | -12% |
| Bank Branch Operations Coordinator | 51,900 CZK | -63% |
| Bank Clerk | 22,200 CZK | -84% |
| Bank Client Service Associate | 32,900 CZK | -76% |
| Bank Collector | 24,000 CZK | -83% |
| Bank Compliance Specialist | 61,100 CZK | -56% |
| Bank Manager | 134,000 CZK | -4% |
| Bank Operational Risk Manager | 140,000 CZK |  +0% |
| Bank Operations Head | 135,000 CZK | -3% |
| Bank Operations Officer | 56,400 CZK | -60% |
| Bank Operations Specialist | 84,000 CZK | -40% |
| Bank Process Manager | 76,600 CZK | -45% |
| Bank Product Manager | 86,300 CZK | -38% |
| Bank Programme Manager | 98,700 CZK | -29% |
| Bank Project Manager | 112,000 CZK | -20% |
| Bank Propositions Manager | 97,800 CZK | -30% |
| Bank Quantitative Analyst | 71,800 CZK | -49% |
| Bank Regional Manager | 144,000 CZK | +3% |
| Bank Regional Risk Officer | 72,200 CZK | -48% |
| Bank Relationship Manager | 106,000 CZK | -24% |
| Bank Relationship Officer | 45,200 CZK | -68% |
| Bank Sustainability Analyst | 84,700 CZK | -39% |
| Bank Teller | 23,800 CZK | -83% |
| Banker | 51,500 CZK | -63% |
| Banking Business Analyst | 73,700 CZK | -47% |
| Banking Business Development Officer | 43,500 CZK | -69% |
| Banking Business Planning Executive | 105,000 CZK | -25% |
| Banking Data Analyst | 87,500 CZK | -37% |
| Banking Product Manager | 91,500 CZK | -35% |
| Banking Reference Data Manager | 79,800 CZK | -43% |
| Banking Regulatory Compliance Officer | 81,700 CZK | -42% |
| Banking Risk Analyst | 71,200 CZK | -49% |
| Banking Technical Analyst | 38,700 CZK | -72% |
| Bankruptcy Coordinator | 50,200 CZK | -64% |
| Bill and Account Collector | 26,500 CZK | -81% |
| Blockchain Analyst | 65,100 CZK | -53% |
| Blockchain Architect | 68,800 CZK | -51% |
| Blockchain Auditor | 61,300 CZK | -56% |
| Blockchain Compliance Analyst | 63,700 CZK | -54% |
| Blockchain Consultant | 67,200 CZK | -52% |
| Blockchain Trade Facilitator | 60,000 CZK | -57% |
| Budget Analyst | 74,900 CZK | -46% |
| Capital Risk Manager | 138,000 CZK | -1% |
| Cards Marketing Manager | 92,700 CZK | -34% |
| Cash Management Manager | 122,000 CZK | -13% |
| Check Processing Manager | 91,000 CZK | -35% |
| Chief Blockchain Officer | 81,500 CZK | -42% |
| Commercial Vault Associate | 69,300 CZK | -50% |
| Corporate Banker | 50,500 CZK | -64% |
| Corporate Dealer | 77,300 CZK | -45% |
| Credit Analyst | 55,600 CZK | -60% |
| Credit and Collections Manager | 97,200 CZK | -30% |
| Credit Card Fraud Investigator | 74,900 CZK | -46% |
| Credit Portfolio Manager | 140,000 CZK | +0% |
| Credit Risk Analyst | 84,300 CZK | -40% |
| Credit Risk Associate | 76,500 CZK | -45% |
| Cryptocurrency Accountant | 44,800 CZK | -68% |
| Cryptocurrency Adviser | 87,400 CZK | -37% |
| Cryptocurrency Analyst | 65,900 CZK | -53% |
| Cryptocurrency Compliance Manager | 82,400 CZK | -41% |
| Cryptocurrency Trader | 74,200 CZK | -47% |
| Digital Banking Manager | 100,000 CZK | -28% |
| Digital Currency Analyst | 68,100 CZK | -51% |
| Direct Bank Sales Representative | 51,700 CZK | -63% |
| Exchange Control Consultant | 75,300 CZK | -46% |
| Executive Account Analyst | 74,700 CZK | -47% |
| Financial Bank Planning Consultant | 91,800 CZK | -34% |
| Financial Banking Analysis Manager | 109,000 CZK | -22% |
| Financial Banking Assistant | 35,400 CZK | -75% |
| Financial Banking Systems Manager | 102,000 CZK | -27% |
| Foreign Exchange Manager | 110,000 CZK | -21% |
| Fraud Analyst | 80,300 CZK | -43% |
| Fraud Detection Associate | 54,600 CZK | -61% |
| Fraud Detection Manager | 111,000 CZK | -21% |
| Fraud Detection Supervisor | 66,300 CZK | -53% |
| Internal Bank Audit Manager | 127,000 CZK | -9% |
| Internal Bank Auditor | 67,800 CZK | -52% |
| Internal Private Banker | 51,000 CZK | -64% |
| International Banking Manager | 144,000 CZK | +3% |
| Investment Banking Analyst | 105,000 CZK | -25% |
| Loan Analyst | 71,600 CZK | -49% |
| Loan Area Manager | 87,400 CZK | -37% |
| Loan Audit Team Leader | 81,800 CZK | -41% |
| Loan Branch Manager | 81,500 CZK | -42% |
| Loan Business Development Officer | 44,200 CZK | -68% |
| Loan Clerk | 26,000 CZK | -81% |
| Loan Collection and Recovery Manager | 89,000 CZK | -36% |
| Loan Collection Manager | 88,500 CZK | -37% |
| Loan Collector | 24,400 CZK | -83% |
| Loan Examiner | 32,800 CZK | -77% |
| Loan Officer | 27,200 CZK | -81% |
| Loan Processing Manager | 81,300 CZK | -42% |
| Loan Processor | 34,200 CZK | -76% |
| Loan Quality Assurance Auditor | 69,900 CZK | -50% |
| Loan Quality Assurance Manager | 78,200 CZK | -44% |
| Loan Quality Assurance Representative | 52,500 CZK | -62% |
| Loan Review Manager | 79,700 CZK | -43% |
| Loan Team Leader | 71,700 CZK | -49% |
| Loans Manager | 98,800 CZK | -29% |
| Mortgage Advisor | 49,600 CZK | -65% |
| Mortgage Collection Manager | 84,100 CZK | -40% |
| Mortgage Collector | 23,600 CZK | -83% |
| Mortgage Credit Analyst | 38,600 CZK | -72% |
| Mortgage Credit Manager | 81,700 CZK | -42% |
| Mortgage Development Manager | 94,200 CZK | -33% |
| Mortgage Document Reviewer | 32,300 CZK | -77% |
| Mortgage Funding Manager | 96,300 CZK | -31% |
| Mortgage Operations Manager | 120,000 CZK | -14% |
| Mortgage Payment Processing Clerk | 26,600 CZK | -81% |
| Mortgage Processing Manager | 85,700 CZK | -39% |
| Mortgage Processor | 33,800 CZK | -76% |
| Mortgage Quality Assurance Auditor | 69,300 CZK | -50% |
| Mortgage Quality Assurance Manager | 79,900 CZK | -43% |
| Mortgage Servicing Clerk | 26,300 CZK | -81% |
| Mortgage Servicing Manager | 84,000 CZK | -40% |
| Mortgage Underwriter | 30,000 CZK | -79% |
| Online Banking Manager | 123,000 CZK | -12% |
| Open Banking Strategist | 71,600 CZK | -49% |
| Payment Processing Clerk | 25,300 CZK | -82% |
| Personal Banker | 54,700 CZK | -61% |
| Personal Banking Advisor | 53,700 CZK | -62% |
| Phone Banker | 33,400 CZK | -76% |
| Private Banker | 51,800 CZK | -63% |
| Reconciliation and Investigation Specialist | 58,100 CZK | -58% |
| Tax Officer | 44,300 CZK | -68% |
| Teller | 24,900 CZK | -82% |
| Trade Officer | 28,500 CZK | -80% |
| Trade Product Manager | 82,200 CZK | -41% |
| Trader | 34,600 CZK | -75% |
| Treasury Operations Officer | 61,500 CZK | -56% |
| Wealth Management Advisor | 101,000 CZK | -28% |
Salary Comparison By City
| City | Average Salary |
| Prague | 140,000 CZK |
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 Czech Republic is 7% on average across all career fields.
| Private Sector | 59,300 CZK | |
| Public Sector | +7% | 63,600 CZK |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Bank Operational Risk Manager in Prague?
A good and competitive compensation would range anywhere between 134,000 CZK and 154,000 CZK. 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 Operational Risk Manager in Prague ranges from 64,300 CZK to 108,000 CZK. 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
