Loan Business Development Officer Average Salary in Vienna 2024
How much money does a person working as Loan Business Development Officer make in Vienna?
LOW
1,540
EUR AVERAGE
2,950
EUR HIGH
4,520
EUR
A person working as Loan Business Development Officer in Vienna typically earns around 2,950 EUR. Salaries range from 1,540 EUR (lowest) to 4,520 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Loan Business Development Officer salaries in Vienna vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Loan Business Development Officer Pay Scale and Salaries in Vienna
Salary Structure and Pay Scale Comparison
2,680 EUR or more
2,380 to 2,680 EUR
1,740 EUR or less
1,740 to 2,380 EUR
 1,540 EUR |
2,690 EUR |
4,520 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 Loan Business Development Officer in Vienna range from 1,540 EUR (starting salary) to 4,520 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 2,690 EUR, half of the professionals who work as Loan Business Development Officer in Vienna 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 Loan Business Development Officer in Vienna earn less than 2,230 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 3,050 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 Loan Business Development Officer in Vienna compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,740 EUR to 2,380 EUR. About 20% of salaries are below the 1,740 EUR mark, while 10% fall within the range of 2,380 EUR to 2,680 EUR. Only 5% of individuals have salaries exceeding 2,680 EUR.
Salary Comparison by Years of Experience / Loan Business Development Officer / Vienna
How do experience and age affect pay?
| 0 - 2 Years | 1,750 EUR | |
| 2 - 5 Years | +34% | 2,340 EUR |
| 5 - 10 Years | +30% | 3,040 EUR |
| 10 - 15 Years | +21% | 3,680 EUR |
| 15 - 20 Years | +9% | 4,030 EUR |
| 20+ Years | +5% | 4,240 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 Loan Business Development Officer and this is what we found.
Employees with less than two years of experience earn approximately 1,750 EUR.
While someone with an experience level between two and five years is expected to earn 2,340 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 3,040 EUR, 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 3,680 EUR, 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 4,030 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 4,240 EUR, 5% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Loan Business Development Officer / Vienna
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Loan Business Development Officer.
| Certificate or Diploma | 2,070 EUR | |
| Bachelor's Degree | +52% | 3,150 EUR |
| Master's Degree | +42% | 4,460 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 Loan Business Development Officer in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 2,070 EUR.
Level 2: Bachelor's Degree
At this level, the average salary becomes 3,150 EUR, 52% more than the previous level.
Level 3: Master's Degree
At this level, the average salary becomes 4,460 EUR, 42% 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 Austria costs anywhere from 19,000 EUR to 57,000 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 / Loan Business Development Officer / Vienna
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 Loan Business Development Officer in Austria, the average difference between the salary of male and female employees is 4%.
| Male | 2,600 EUR | |
| Female | -4% | 2,490 EUR |
Salary Comparison By Gender in Austria for all Careers
Average Annual Salary Increment Percentage / Loan Business Development Officer / Vienna
How much are annual salary increments in Vienna for individuals working as Loan Business Development Officer? How often do employees get salary raises?
Individuals working as Loan Business Development Officer in Austria are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Austria / 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 / Loan Business Development Officer / Austria
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/austria/banking/loan-business-development-officer/annual-salary-bonus-rate-austria-loan-business-development-officer.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 / Loan Business Development Officer / Vienna
17 EUR per hourThe average hourly wage (pay per hour) for individuals working as Loan Business Development Officer in Vienna is 17 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 Loan Business Development Officer in Vienna is 9 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 | 6,410 EUR |  +120% |
| Assistant Bank Branch Manager | 5,400 EUR | +83% |
| Assistant Bank Manager | 7,210 EUR | +140% |
| ATM Manager | 6,080 EUR | +110% |
| ATM Service Technician | 1,670 EUR | -43% |
| Bank Accounts Analyst | 2,490 EUR | -16% |
| Bank Accounts Collector | 1,540 EUR | -48% |
| Bank Accounts Controller | 3,130 EUR | +6% |
| Bank Accounts Executive | 4,630 EUR | +57% |
| Bank Accounts Manager | 5,350 EUR | +81% |
| Bank Auditing Manager | 5,370 EUR | +82% |
| Bank Branch Manager | 7,380 EUR | +150% |
| Bank Branch Operations Coordinator | 3,310 EUR | +12% |
| Bank Clerk | 1,540 EUR | -48% |
| Bank Client Service Associate | 2,070 EUR | -30% |
| Bank Collector | 1,490 EUR | -50% |
| Bank Compliance Specialist | 4,210 EUR | +43% |
| Bank Manager | 9,110 EUR | +210% |
| Bank Operational Risk Manager | 9,190 EUR | +210% |
| Bank Operations Head | 9,340 EUR | +220% |
| Bank Operations Officer | 3,580 EUR | +21% |
| Bank Operations Specialist | 5,680 EUR | +92% |
| Bank Process Manager | 5,280 EUR | +79% |
| Bank Product Manager | 5,940 EUR | +100% |
| Bank Programme Manager | 5,890 EUR | +99% |
| Bank Project Manager | 7,270 EUR | +150% |
| Bank Propositions Manager | 6,330 EUR | +110% |
| Bank Quantitative Analyst | 4,520 EUR | +53% |
| Bank Regional Manager | 9,410 EUR | +220% |
| Bank Regional Risk Officer | 4,940 EUR | +67% |
| Bank Relationship Manager | 6,880 EUR | +130% |
| Bank Relationship Officer | 3,140 EUR | +6% |
| Bank Sustainability Analyst | 5,400 EUR | +83% |
| Bank Teller | 1,680 EUR | -43% |
| Banker | 3,280 EUR | +11% |
| Banking Business Analyst | 4,790 EUR | +62% |
| Banking Business Development Officer | 3,100 EUR | +5% |
| Banking Business Planning Executive | 6,960 EUR | +140% |
| Banking Data Analyst | 5,530 EUR | +87% |
| Banking Product Manager | 6,020 EUR | +100% |
| Banking Reference Data Manager | 4,960 EUR | +68% |
| Banking Regulatory Compliance Officer | 5,670 EUR | +92% |
| Banking Risk Analyst | 4,830 EUR | +64% |
| Banking Technical Analyst | 2,420 EUR | -18% |
| Bankruptcy Coordinator | 3,370 EUR | +14% |
| Bill and Account Collector | 1,660 EUR | -44% |
| Blockchain Analyst | 3,970 EUR | +34% |
| Blockchain Architect | 4,600 EUR | +56% |
| Blockchain Auditor | 4,070 EUR | +38% |
| Blockchain Compliance Analyst | 4,190 EUR | +42% |
| Blockchain Consultant | 4,380 EUR | +48% |
| Blockchain Trade Facilitator | 3,760 EUR | +27% |
| Budget Analyst | 4,440 EUR | +50% |
| Capital Risk Manager | 8,940 EUR | +200% |
| Cards Marketing Manager | 5,880 EUR | +99% |
| Cash Management Manager | 8,650 EUR | +190% |
| Check Processing Manager | 6,380 EUR | +120% |
| Chief Blockchain Officer | 5,290 EUR | +79% |
| Commercial Vault Associate | 4,650 EUR | +57% |
| Corporate Banker | 3,570 EUR | +21% |
| Corporate Dealer | 5,010 EUR | +70% |
| Credit Analyst | 3,810 EUR | +29% |
| Credit and Collections Manager | 6,600 EUR | +120% |
| Credit Card Fraud Investigator | 5,040 EUR | +71% |
| Credit Portfolio Manager | 9,010 EUR | +210% |
| Credit Risk Analyst | 5,030 EUR | +70% |
| Credit Risk Associate | 5,230 EUR | +77% |
| Cryptocurrency Accountant | 3,030 EUR | +3% |
| Cryptocurrency Adviser | 5,870 EUR | +99% |
| Cryptocurrency Analyst | 4,390 EUR | +49% |
| Cryptocurrency Compliance Manager | 5,440 EUR | +84% |
| Cryptocurrency Trader | 4,860 EUR | +65% |
| Digital Banking Manager | 6,520 EUR | +120% |
| Digital Currency Analyst | 4,730 EUR | +60% |
| Direct Bank Sales Representative | 3,450 EUR | +17% |
| Exchange Control Consultant | 5,010 EUR | +70% |
| Executive Account Analyst | 4,560 EUR | +54% |
| Financial Bank Planning Consultant | 6,280 EUR | +110% |
| Financial Banking Analysis Manager | 7,140 EUR | +140% |
| Financial Banking Assistant | 2,310 EUR | -22% |
| Financial Banking Systems Manager | 6,590 EUR | +120% |
| Foreign Exchange Manager | 7,030 EUR | +140% |
| Fraud Analyst | 5,120 EUR | +73% |
| Fraud Detection Associate | 3,480 EUR | +18% |
| Fraud Detection Manager | 7,380 EUR | +150% |
| Fraud Detection Supervisor | 4,190 EUR | +42% |
| Internal Bank Audit Manager | 8,710 EUR | +190% |
| Internal Bank Auditor | 4,620 EUR | +56% |
| Internal Private Banker | 3,330 EUR | +13% |
| International Banking Manager | 9,740 EUR | +230% |
| Investment Banking Analyst | 7,040 EUR | +140% |
| Loan Analyst | 4,820 EUR | +63% |
| Loan Area Manager | 5,930 EUR | +100% |
| Loan Audit Team Leader | 5,550 EUR | +88% |
| Loan Branch Manager | 5,490 EUR | +86% |
| Loan Business Development Officer | 2,950 EUR | -0% |
| Loan Clerk | 1,720 EUR | -42% |
| Loan Collection and Recovery Manager | 5,810 EUR | +97% |
| Loan Collection Manager | 5,820 EUR | +97% |
| Loan Collector | 1,580 EUR | -47% |
| Loan Examiner | 2,100 EUR | -29% |
| Loan Officer | 1,810 EUR | -39% |
| Loan Processing Manager | 5,180 EUR | +75% |
| Loan Processor | 2,160 EUR | -27% |
| Loan Quality Assurance Auditor | 4,850 EUR | +64% |
| Loan Quality Assurance Manager | 5,380 EUR | +82% |
| Loan Quality Assurance Representative | 3,580 EUR | +21% |
| Loan Review Manager | 5,390 EUR | +82% |
| Loan Team Leader | 4,810 EUR | +63% |
| Loans Manager | 6,270 EUR | +110% |
| Mortgage Advisor | 3,300 EUR | +12% |
| Mortgage Collection Manager | 5,550 EUR | +88% |
| Mortgage Collector | 1,550 EUR | -48% |
| Mortgage Credit Analyst | 2,510 EUR | -15% |
| Mortgage Credit Manager | 5,260 EUR | +78% |
| Mortgage Development Manager | 6,020 EUR | +100% |
| Mortgage Document Reviewer | 2,050 EUR | -31% |
| Mortgage Funding Manager | 6,060 EUR | +110% |
| Mortgage Operations Manager | 8,020 EUR | +170% |
| Mortgage Payment Processing Clerk | 1,770 EUR | -40% |
| Mortgage Processing Manager | 5,350 EUR | +81% |
| Mortgage Processor | 2,100 EUR | -29% |
| Mortgage Quality Assurance Auditor | 4,560 EUR | +54% |
| Mortgage Quality Assurance Manager | 5,210 EUR | +76% |
| Mortgage Servicing Clerk | 1,620 EUR | -45% |
| Mortgage Servicing Manager | 5,130 EUR | +74% |
| Mortgage Underwriter | 1,940 EUR | -34% |
| Online Banking Manager | 8,270 EUR | +180% |
| Open Banking Strategist | 4,970 EUR | +68% |
| Payment Processing Clerk | 1,680 EUR | -43% |
| Personal Banker | 3,360 EUR | +14% |
| Personal Banking Advisor | 3,580 EUR | +21% |
| Phone Banker | 2,300 EUR | -22% |
| Private Banker | 3,420 EUR | +16% |
| Reconciliation and Investigation Specialist | 3,760 EUR | +27% |
| Tax Officer | 2,810 EUR | -5% |
| Teller | 1,610 EUR | -45% |
| Trade Officer | 1,890 EUR | -36% |
| Trade Product Manager | 5,410 EUR | +83% |
| Trader | 2,260 EUR | -23% |
| Treasury Operations Officer | 4,380 EUR | +48% |
| Wealth Management Advisor | 6,760 EUR | +130% |
Salary Comparison By City
| City | Average Salary |
| Vienna | 2,950 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 Austria is 7% on average across all career fields.
| Private Sector | 3,650 EUR | |
| Public Sector | +7% | 3,920 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Loan Business Development Officer in Vienna?
A good and competitive compensation would range anywhere between 2,690 EUR and 3,050 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 Loan Business Development Officer in Vienna ranges from 1,540 EUR to 2,230 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
