Banking Product Manager Average Salary in Saint Petersburg 2024
How much money does a person working as Banking Product Manager make in Saint Petersburg?
LOW
88,900
RUB AVERAGE
165,000
RUB HIGH
249,000
RUB
A person working as Banking Product Manager in Saint Petersburg typically earns around 165,000 RUB. Salaries range from 88,900 RUB (lowest) to 249,000 RUB (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Banking Product Manager salaries in Saint Petersburg vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Banking Product Manager Pay Scale and Salaries in Saint Petersburg
Salary Structure and Pay Scale Comparison
147,000 RUB or more
131,000 to 147,000 RUB
97,600 RUB or less
97,600 to 131,000 RUB
 88,900 RUB |
147,000 RUB |
249,000 RUB |
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 Banking Product Manager in Saint Petersburg range from 88,900 RUB (starting salary) to 249,000 RUB (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 147,000 RUB, half of the professionals who work as Banking Product Manager in Saint Petersburg 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 Banking Product Manager in Saint Petersburg earn less than 123,000 RUB, while 75% earn more. Similarly, the chart shows that 75% earn less than 166,000 RUB 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 Banking Product Manager in Saint Petersburg compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 97,600 RUB to 131,000 RUB. About 20% of salaries are below the 97,600 RUB mark, while 10% fall within the range of 131,000 RUB to 147,000 RUB. Only 5% of individuals have salaries exceeding 147,000 RUB.
Salary Comparison by Years of Experience / Banking Product Manager / Saint Petersburg
How do experience and age affect pay?
| 0 - 2 Years | 103,000 RUB | |
| 2 - 5 Years | +26% | 130,000 RUB |
| 5 - 10 Years | +32% | 172,000 RUB |
| 10 - 15 Years | +18% | 202,000 RUB |
| 15 - 20 Years | +11% | 224,000 RUB |
| 20+ Years | +6% | 238,000 RUB |
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 Banking Product Manager and this is what we found.
Employees with less than two years of experience earn approximately 103,000 RUB.
While someone with an experience level between two and five years is expected to earn 130,000 RUB, 26% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 172,000 RUB, 32% 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 202,000 RUB, 18% 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 224,000 RUB, 11% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 238,000 RUB, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Banking Product Manager / Saint Petersburg
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Banking Product Manager.
| Bachelor's Degree | 134,000 RUB | |
| Master's Degree | +53% | 204,000 RUB |
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 Banking Product Manager in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 134,000 RUB.
Level 2: Master's Degree
At this level, the average salary becomes 204,000 RUB, 53% 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 Russia costs anywhere from 521,000 RUB to 1,560,000 RUB 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 / Banking Product Manager / Saint Petersburg
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 Banking Product Manager in Russia, the average difference between the salary of male and female employees is 9%.
| Male | 138,000 RUB | |
| Female | -8% | 127,000 RUB |
Salary Comparison By Gender in Russia for all Careers
Average Annual Salary Increment Percentage / Banking Product Manager / Saint Petersburg
How much are annual salary increments in Saint Petersburg for individuals working as Banking Product Manager? How often do employees get salary raises?
Individuals working as Banking Product Manager in Russia 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.
Russia / 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 / Banking Product Manager / Russia
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 / Banking Product Manager / Saint Petersburg
950 RUB per hourThe average hourly wage (pay per hour) for individuals working as Banking Product Manager in Saint Petersburg is 950 RUB.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 Banking Product Manager in Saint Petersburg is 510 RUB. 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 | 186,000 RUB |  +13% |
| Assistant Bank Branch Manager | 149,000 RUB | -10% |
| Assistant Bank Manager | 208,000 RUB | +26% |
| ATM Manager | 174,000 RUB | +6% |
| ATM Service Technician | 47,500 RUB | -71% |
| Bank Accounts Analyst | 65,800 RUB | -60% |
| Bank Accounts Collector | 41,800 RUB | -75% |
| Bank Accounts Controller | 83,500 RUB | -49% |
| Bank Accounts Executive | 123,000 RUB | -25% |
| Bank Accounts Manager | 156,000 RUB | -5% |
| Bank Auditing Manager | 151,000 RUB | -8% |
| Bank Branch Manager | 205,000 RUB | +24% |
| Bank Branch Operations Coordinator | 87,600 RUB | -47% |
| Bank Clerk | 40,400 RUB | -75% |
| Bank Client Service Associate | 54,300 RUB | -67% |
| Bank Collector | 42,600 RUB | -74% |
| Bank Compliance Specialist | 110,000 RUB | -33% |
| Bank Manager | 234,000 RUB | +42% |
| Bank Operational Risk Manager | 252,000 RUB | +53% |
| Bank Operations Head | 244,000 RUB | +48% |
| Bank Operations Officer | 94,500 RUB | -43% |
| Bank Operations Specialist | 145,000 RUB | -12% |
| Bank Process Manager | 137,000 RUB | -17% |
| Bank Product Manager | 154,000 RUB | -6% |
| Bank Programme Manager | 162,000 RUB | -2% |
| Bank Project Manager | 197,000 RUB | +20% |
| Bank Propositions Manager | 170,000 RUB | +3% |
| Bank Quantitative Analyst | 118,000 RUB | -28% |
| Bank Regional Manager | 257,000 RUB | +56% |
| Bank Regional Risk Officer | 127,000 RUB | -23% |
| Bank Relationship Manager | 186,000 RUB | +13% |
| Bank Relationship Officer | 81,900 RUB | -50% |
| Bank Sustainability Analyst | 143,000 RUB | -13% |
| Bank Teller | 44,800 RUB | -73% |
| Banker | 87,000 RUB | -47% |
| Banking Business Analyst | 129,000 RUB | -22% |
| Banking Business Development Officer | 83,200 RUB | -49% |
| Banking Business Planning Executive | 174,000 RUB | +6% |
| Banking Data Analyst | 146,000 RUB | -11% |
| Banking Product Manager | 165,000 RUB | +0% |
| Banking Reference Data Manager | 142,000 RUB | -14% |
| Banking Regulatory Compliance Officer | 148,000 RUB | -10% |
| Banking Risk Analyst | 124,000 RUB | -25% |
| Banking Technical Analyst | 69,900 RUB | -58% |
| Bankruptcy Coordinator | 94,100 RUB | -43% |
| Bill and Account Collector | 43,000 RUB | -74% |
| Blockchain Analyst | 111,000 RUB | -33% |
| Blockchain Architect | 128,000 RUB | -22% |
| Blockchain Auditor | 112,000 RUB | -32% |
| Blockchain Compliance Analyst | 115,000 RUB | -30% |
| Blockchain Consultant | 119,000 RUB | -28% |
| Blockchain Trade Facilitator | 108,000 RUB | -34% |
| Budget Analyst | 121,000 RUB | -27% |
| Capital Risk Manager | 242,000 RUB | +47% |
| Cards Marketing Manager | 155,000 RUB | -6% |
| Cash Management Manager | 230,000 RUB | +40% |
| Check Processing Manager | 169,000 RUB | +3% |
| Chief Blockchain Officer | 143,000 RUB | -13% |
| Commercial Vault Associate | 130,000 RUB | -21% |
| Corporate Banker | 95,000 RUB | -42% |
| Corporate Dealer | 135,000 RUB | -18% |
| Credit Analyst | 98,200 RUB | -40% |
| Credit and Collections Manager | 169,000 RUB | +3% |
| Credit Card Fraud Investigator | 128,000 RUB | -22% |
| Credit Portfolio Manager | 241,000 RUB | +46% |
| Credit Risk Analyst | 138,000 RUB | -16% |
| Credit Risk Associate | 135,000 RUB | -18% |
| Cryptocurrency Accountant | 77,000 RUB | -53% |
| Cryptocurrency Adviser | 164,000 RUB | -0% |
| Cryptocurrency Analyst | 122,000 RUB | -26% |
| Cryptocurrency Compliance Manager | 149,000 RUB | -10% |
| Cryptocurrency Trader | 133,000 RUB | -19% |
| Digital Banking Manager | 177,000 RUB | +7% |
| Digital Currency Analyst | 123,000 RUB | -25% |
| Direct Bank Sales Representative | 86,900 RUB | -47% |
| Exchange Control Consultant | 139,000 RUB | -16% |
| Executive Account Analyst | 128,000 RUB | -22% |
| Financial Bank Planning Consultant | 162,000 RUB | -2% |
| Financial Banking Analysis Manager | 195,000 RUB | +18% |
| Financial Banking Assistant | 62,700 RUB | -62% |
| Financial Banking Systems Manager | 177,000 RUB | +7% |
| Foreign Exchange Manager | 188,000 RUB | +14% |
| Fraud Analyst | 136,000 RUB | -17% |
| Fraud Detection Associate | 92,200 RUB | -44% |
| Fraud Detection Manager | 204,000 RUB | +24% |
| Fraud Detection Supervisor | 110,000 RUB | -33% |
| Internal Bank Audit Manager | 225,000 RUB | +37% |
| Internal Bank Auditor | 119,000 RUB | -28% |
| Internal Private Banker | 90,400 RUB | -45% |
| International Banking Manager | 248,000 RUB | +51% |
| Investment Banking Analyst | 177,000 RUB | +7% |
| Loan Analyst | 122,000 RUB | -26% |
| Loan Area Manager | 152,000 RUB | -8% |
| Loan Audit Team Leader | 142,000 RUB | -14% |
| Loan Branch Manager | 139,000 RUB | -16% |
| Loan Business Development Officer | 74,300 RUB | -55% |
| Loan Clerk | 43,000 RUB | -74% |
| Loan Collection and Recovery Manager | 158,000 RUB | -4% |
| Loan Collection Manager | 159,000 RUB | -3% |
| Loan Collector | 42,600 RUB | -74% |
| Loan Examiner | 56,200 RUB | -66% |
| Loan Officer | 50,200 RUB | -70% |
| Loan Processing Manager | 137,000 RUB | -17% |
| Loan Processor | 56,800 RUB | -66% |
| Loan Quality Assurance Auditor | 126,000 RUB | -23% |
| Loan Quality Assurance Manager | 139,000 RUB | -16% |
| Loan Quality Assurance Representative | 91,900 RUB | -44% |
| Loan Review Manager | 137,000 RUB | -17% |
| Loan Team Leader | 134,000 RUB | -19% |
| Loans Manager | 165,000 RUB | +0% |
| Mortgage Advisor | 91,400 RUB | -44% |
| Mortgage Collection Manager | 153,000 RUB | -7% |
| Mortgage Collector | 42,200 RUB | -74% |
| Mortgage Credit Analyst | 67,900 RUB | -59% |
| Mortgage Credit Manager | 141,000 RUB | -14% |
| Mortgage Development Manager | 160,000 RUB | -3% |
| Mortgage Document Reviewer | 54,000 RUB | -67% |
| Mortgage Funding Manager | 159,000 RUB | -3% |
| Mortgage Operations Manager | 223,000 RUB | +35% |
| Mortgage Payment Processing Clerk | 48,700 RUB | -70% |
| Mortgage Processing Manager | 139,000 RUB | -16% |
| Mortgage Processor | 59,700 RUB | -64% |
| Mortgage Quality Assurance Auditor | 125,000 RUB | -24% |
| Mortgage Quality Assurance Manager | 142,000 RUB | -14% |
| Mortgage Servicing Clerk | 45,700 RUB | -72% |
| Mortgage Servicing Manager | 144,000 RUB | -13% |
| Mortgage Underwriter | 52,300 RUB | -68% |
| Online Banking Manager | 231,000 RUB | +40% |
| Open Banking Strategist | 130,000 RUB | -21% |
| Payment Processing Clerk | 46,600 RUB | -72% |
| Personal Banker | 95,000 RUB | -42% |
| Personal Banking Advisor | 90,200 RUB | -45% |
| Phone Banker | 59,400 RUB | -64% |
| Private Banker | 94,100 RUB | -43% |
| Reconciliation and Investigation Specialist | 101,000 RUB | -39% |
| Tax Officer | 74,300 RUB | -55% |
| Teller | 43,100 RUB | -74% |
| Trade Officer | 52,200 RUB | -68% |
| Trade Product Manager | 148,000 RUB | -10% |
| Trader | 61,400 RUB | -63% |
| Treasury Operations Officer | 118,000 RUB | -28% |
| Wealth Management Advisor | 188,000 RUB | +14% |
Salary Comparison By City
| City | Average Salary |
| Moscow | 158,000 RUB |
| Saint Petersburg | 165,000 RUB |
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 Russia is 6% on average across all career fields.
| Private Sector | 101,000 RUB | |
| Public Sector | +6% | 108,000 RUB |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Banking Product Manager in Saint Petersburg?
A good and competitive compensation would range anywhere between 147,000 RUB and 166,000 RUB. 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 Banking Product Manager in Saint Petersburg ranges from 88,900 RUB to 123,000 RUB. 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
