Commercial Vault Associate Average Salary in Sydney 2024
How much money does a person working as Commercial Vault Associate make in Sydney?
LOW
56,200
AUD AVERAGE
108,000
AUD HIGH
165,000
AUD
A person working as Commercial Vault Associate in Sydney typically earns around 108,000 AUD. Salaries range from 56,200 AUD (lowest) to 165,000 AUD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Commercial Vault Associate salaries in Sydney vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Commercial Vault Associate Pay Scale and Salaries in Sydney
Salary Structure and Pay Scale Comparison
97,900 AUD or more
87,200 to 97,900 AUD
63,600 AUD or less
63,600 to 87,200 AUD
 56,200 AUD |
98,300 AUD |
165,000 AUD |
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 Commercial Vault Associate in Sydney range from 56,200 AUD (starting salary) to 165,000 AUD (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 98,300 AUD, half of the professionals who work as Commercial Vault Associate in Sydney 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 Commercial Vault Associate in Sydney earn less than 81,500 AUD, while 75% earn more. Similarly, the chart shows that 75% earn less than 112,000 AUD 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 Commercial Vault Associate in Sydney compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 63,600 AUD to 87,200 AUD. About 20% of salaries are below the 63,600 AUD mark, while 10% fall within the range of 87,200 AUD to 97,900 AUD. Only 5% of individuals have salaries exceeding 97,900 AUD.
Salary Comparison by Years of Experience / Commercial Vault Associate / Sydney
How do experience and age affect pay?
| 0 - 2 Years | 63,900 AUD | |
| 2 - 5 Years | +34% | 85,700 AUD |
| 5 - 10 Years | +30% | 111,000 AUD |
| 10 - 15 Years | +21% | 135,000 AUD |
| 15 - 20 Years | +9% | 147,000 AUD |
| 20+ Years | +5% | 155,000 AUD |
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 Commercial Vault Associate and this is what we found.
Employees with less than two years of experience earn approximately 63,900 AUD.
While someone with an experience level between two and five years is expected to earn 85,700 AUD, 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 111,000 AUD, 30% 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 135,000 AUD, 21% 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 147,000 AUD, 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 155,000 AUD, 5% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Commercial Vault Associate / Sydney
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Commercial Vault Associate.
| Bachelor's Degree | 90,000 AUD | |
| Master's Degree | +39% | 125,000 AUD |
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 Commercial Vault Associate in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 90,000 AUD.
Level 2: Master's Degree
At this level, the average salary becomes 125,000 AUD, 39% 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 Australia costs anywhere from 38,000 AUD to 114,000 AUD 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 / Commercial Vault Associate / Sydney
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 Commercial Vault Associate in Australia, the average difference between the salary of male and female employees is 4%.
| Male | 105,000 AUD | |
| Female | -4% | 101,000 AUD |
Salary Comparison By Gender in Australia for all Careers
Average Annual Salary Increment Percentage / Commercial Vault Associate / Sydney
How much are annual salary increments in Sydney for individuals working as Commercial Vault Associate? How often do employees get salary raises?
Individuals working as Commercial Vault Associate in Australia 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 16 months.
Australia / 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 / Commercial Vault Associate / Australia
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/australia/banking/commercial-vault-associate/annual-salary-bonus-rate-australia-commercial-vault-associate.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 / Commercial Vault Associate / Sydney
52 AUD per hourThe average hourly wage (pay per hour) for individuals working as Commercial Vault Associate in Sydney is 52 AUD.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 Commercial Vault Associate in Sydney is 27 AUD. 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 | 154,000 AUD |  +42% |
| Assistant Bank Branch Manager | 133,000 AUD | +23% |
| Assistant Bank Manager | 171,000 AUD | +58% |
| ATM Manager | 157,000 AUD | +45% |
| ATM Service Technician | 42,800 AUD | -60% |
| Bank Accounts Analyst | 59,400 AUD | -45% |
| Bank Accounts Collector | 38,000 AUD | -65% |
| Bank Accounts Controller | 76,600 AUD | -29% |
| Bank Accounts Executive | 112,000 AUD | +4% |
| Bank Accounts Manager | 128,000 AUD | +18% |
| Bank Auditing Manager | 136,000 AUD | +26% |
| Bank Branch Manager | 183,000 AUD | +69% |
| Bank Branch Operations Coordinator | 80,200 AUD | -26% |
| Bank Clerk | 35,400 AUD | -67% |
| Bank Client Service Associate | 51,300 AUD | -53% |
| Bank Collector | 38,600 AUD | -64% |
| Bank Compliance Specialist | 95,800 AUD | -11% |
| Bank Manager | 206,000 AUD | +91% |
| Bank Operational Risk Manager | 205,000 AUD | +90% |
| Bank Operations Head | 216,000 AUD | +100% |
| Bank Operations Officer | 89,600 AUD | -17% |
| Bank Operations Specialist | 140,000 AUD | +30% |
| Bank Process Manager | 126,000 AUD | +17% |
| Bank Product Manager | 136,000 AUD | +26% |
| Bank Programme Manager | 145,000 AUD | +34% |
| Bank Project Manager | 179,000 AUD | +66% |
| Bank Propositions Manager | 149,000 AUD | +38% |
| Bank Quantitative Analyst | 112,000 AUD | +4% |
| Bank Regional Manager | 234,000 AUD | +120% |
| Bank Regional Risk Officer | 111,000 AUD | +3% |
| Bank Relationship Manager | 169,000 AUD | +56% |
| Bank Relationship Officer | 76,200 AUD | -29% |
| Bank Sustainability Analyst | 121,000 AUD | +12% |
| Bank Teller | 39,500 AUD | -63% |
| Banker | 77,600 AUD | -28% |
| Banking Business Analyst | 115,000 AUD | +6% |
| Banking Business Development Officer | 73,600 AUD | -32% |
| Banking Business Planning Executive | 165,000 AUD | +53% |
| Banking Data Analyst | 136,000 AUD | +26% |
| Banking Product Manager | 134,000 AUD | +24% |
| Banking Reference Data Manager | 129,000 AUD | +19% |
| Banking Regulatory Compliance Officer | 138,000 AUD | +28% |
| Banking Risk Analyst | 113,000 AUD | +5% |
| Banking Technical Analyst | 60,400 AUD | -44% |
| Bankruptcy Coordinator | 82,400 AUD | -24% |
| Bill and Account Collector | 38,500 AUD | -64% |
| Blockchain Analyst | 98,800 AUD | -9% |
| Blockchain Architect | 113,000 AUD | +5% |
| Blockchain Auditor | 99,100 AUD | -8% |
| Blockchain Compliance Analyst | 101,000 AUD | -7% |
| Blockchain Consultant | 104,000 AUD | -4% |
| Blockchain Trade Facilitator | 93,800 AUD | -13% |
| Budget Analyst | 108,000 AUD | -0% |
| Capital Risk Manager | 220,000 AUD | +100% |
| Cards Marketing Manager | 140,000 AUD | +30% |
| Cash Management Manager | 203,000 AUD | +88% |
| Check Processing Manager | 148,000 AUD | +37% |
| Chief Blockchain Officer | 124,000 AUD | +15% |
| Commercial Vault Associate | 108,000 AUD | -0% |
| Corporate Banker | 83,800 AUD | -22% |
| Corporate Dealer | 115,000 AUD | +6% |
| Credit Analyst | 85,500 AUD | -21% |
| Credit and Collections Manager | 147,000 AUD | +36% |
| Credit Card Fraud Investigator | 122,000 AUD | +13% |
| Credit Portfolio Manager | 215,000 AUD | +99% |
| Credit Risk Analyst | 130,000 AUD | +20% |
| Credit Risk Associate | 124,000 AUD | +15% |
| Cryptocurrency Accountant | 74,800 AUD | -31% |
| Cryptocurrency Adviser | 143,000 AUD | +32% |
| Cryptocurrency Analyst | 106,000 AUD | -2% |
| Cryptocurrency Compliance Manager | 130,000 AUD | +20% |
| Cryptocurrency Trader | 115,000 AUD | +6% |
| Digital Banking Manager | 152,000 AUD | +41% |
| Digital Currency Analyst | 115,000 AUD | +6% |
| Direct Bank Sales Representative | 82,900 AUD | -23% |
| Exchange Control Consultant | 115,000 AUD | +6% |
| Executive Account Analyst | 113,000 AUD | +5% |
| Financial Bank Planning Consultant | 141,000 AUD | +30% |
| Financial Banking Analysis Manager | 168,000 AUD | +55% |
| Financial Banking Assistant | 53,700 AUD | -50% |
| Financial Banking Systems Manager | 151,000 AUD | +40% |
| Foreign Exchange Manager | 160,000 AUD | +48% |
| Fraud Analyst | 121,000 AUD | +12% |
| Fraud Detection Associate | 78,100 AUD | -28% |
| Fraud Detection Manager | 178,000 AUD | +65% |
| Fraud Detection Supervisor | 103,000 AUD | -5% |
| Internal Bank Audit Manager | 209,000 AUD | +93% |
| Internal Bank Auditor | 110,000 AUD | +2% |
| Internal Private Banker | 79,300 AUD | -27% |
| International Banking Manager | 229,000 AUD | +110% |
| Investment Banking Analyst | 169,000 AUD | +56% |
| Loan Analyst | 111,000 AUD | +3% |
| Loan Area Manager | 139,000 AUD | +29% |
| Loan Audit Team Leader | 130,000 AUD | +20% |
| Loan Branch Manager | 127,000 AUD | +18% |
| Loan Business Development Officer | 67,500 AUD | -38% |
| Loan Clerk | 38,900 AUD | -64% |
| Loan Collection and Recovery Manager | 142,000 AUD | +31% |
| Loan Collection Manager | 130,000 AUD | +20% |
| Loan Collector | 38,200 AUD | -65% |
| Loan Examiner | 50,300 AUD | -53% |
| Loan Officer | 41,700 AUD | -61% |
| Loan Processing Manager | 123,000 AUD | +14% |
| Loan Processor | 50,500 AUD | -53% |
| Loan Quality Assurance Auditor | 112,000 AUD | +4% |
| Loan Quality Assurance Manager | 123,000 AUD | +14% |
| Loan Quality Assurance Representative | 80,900 AUD | -25% |
| Loan Review Manager | 133,000 AUD | +23% |
| Loan Team Leader | 118,000 AUD | +9% |
| Loans Manager | 149,000 AUD | +38% |
| Mortgage Advisor | 79,800 AUD | -26% |
| Mortgage Collection Manager | 133,000 AUD | +23% |
| Mortgage Collector | 36,600 AUD | -66% |
| Mortgage Credit Analyst | 58,700 AUD | -46% |
| Mortgage Credit Manager | 122,000 AUD | +13% |
| Mortgage Development Manager | 152,000 AUD | +41% |
| Mortgage Document Reviewer | 51,200 AUD | -53% |
| Mortgage Funding Manager | 150,000 AUD | +39% |
| Mortgage Operations Manager | 188,000 AUD | +74% |
| Mortgage Payment Processing Clerk | 45,200 AUD | -58% |
| Mortgage Processing Manager | 131,000 AUD | +21% |
| Mortgage Processor | 50,800 AUD | -53% |
| Mortgage Quality Assurance Auditor | 115,000 AUD | +6% |
| Mortgage Quality Assurance Manager | 131,000 AUD | +21% |
| Mortgage Servicing Clerk | 38,700 AUD | -64% |
| Mortgage Servicing Manager | 121,000 AUD | +12% |
| Mortgage Underwriter | 48,100 AUD | -55% |
| Online Banking Manager | 192,000 AUD | +78% |
| Open Banking Strategist | 121,000 AUD | +12% |
| Payment Processing Clerk | 38,700 AUD | -64% |
| Personal Banker | 84,600 AUD | -22% |
| Personal Banking Advisor | 86,100 AUD | -20% |
| Phone Banker | 55,200 AUD | -49% |
| Private Banker | 77,800 AUD | -28% |
| Reconciliation and Investigation Specialist | 93,200 AUD | -14% |
| Tax Officer | 67,000 AUD | -38% |
| Teller | 39,000 AUD | -64% |
| Trade Officer | 48,400 AUD | -55% |
| Trade Product Manager | 137,000 AUD | +27% |
| Trader | 56,600 AUD | -48% |
| Treasury Operations Officer | 104,000 AUD | -4% |
| Wealth Management Advisor | 166,000 AUD | +54% |
Salary Comparison By City
| City | Average Salary |
| Melbourne | 108,000 AUD |
| Sydney | 108,000 AUD |
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 Australia is 5% on average across all career fields.
| Private Sector | 89,000 AUD | |
| Public Sector | +5% | 93,400 AUD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Commercial Vault Associate in Sydney?
A good and competitive compensation would range anywhere between 98,300 AUD and 112,000 AUD. 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 Commercial Vault Associate in Sydney ranges from 56,200 AUD to 81,500 AUD. 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
