Average Bank Accounts Collector Salary in Norway for 2024

In this article, we will look at the average Bank Accounts Collector salary for 2024 in Norway and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Norwegian krone. To keep things simple, we are using the NOK currency code instead of the currency symbol kr.

How Much Does a Bank Accounts Collector Make in Norway?

A Bank Accounts Collector working in Norway will typically earn around 215,100 NOK per year, and this can range from the lowest average salary of about 100,500 NOK to the highest average salary of 343,400 NOK.

Average Annual Salary
215,100 NOK
Average Monthly Salary
17,925 NOK

Lowest Annual Salary
100,500 NOK
Lowest Monthly Salary
8,375 NOK

Highest Annual Salary
343,400 NOK
Highest Monthly Salary
28,616 NOK

These are average salaries for a Bank Accounts Collector in Norway and include benefits such as housing and transport. It's also possible for a Bank Accounts Collector to earn more or less than the average salaries shown above.

Bank Accounts Collector salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Bank Accounts Collector Salaries in Norway

So we've looked at the average salaries a Bank Accounts Collector will earn in Norway. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Bank Accounts Collector can earn between 100,500 NOK and 343,400 NOK on average in Norway. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Bank Accounts Collector in Norway is 232,500 NOK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 232,500 NOK, and 50% of the population earn more than 232,500 NOK.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Bank Accounts Collector salary in Norway, 25% of the population are earning less than 151,800 NOK while 75% of the population earn more than 151,800 NOK.

75% of the population earn less than 310,200 NOK, and 25% of the population earn more than 310,200 NOK.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Bank Accounts Collector Salary by Experience Level in Norway

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average bank accounts collector salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Bank Accounts Collector in Norway that has less than two years of experience can expect to earn somewhere in the region of 114,600 NOK.
  • 2 - 5 Years Experience. With two to five years of experience the average Bank Accounts Collector salary would increase to 151,800 NOK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Bank Accounts Collector, the average salary would be 222,700 NOK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 272,800 NOK.
  • 15 - 20 Years Experience. A Bank Accounts Collector with 15 to 20 years of experience can earn an average of 295,400 NOK.
  • 20+ Years Experience. For a Bank Accounts Collector with more than 20 years, the expected average salary increases to 319,700 NOK.

Average Salary by Experience Chart

0-2 Years
114,600 NOK
2-5 Years +34%
151,800 NOK
5-10 Years +48%
222,700 NOK
10-15 Years +22%
272,800 NOK
15-20 Years +9%
295,400 NOK
20+ Years +8%
319,700 NOK

Bank Accounts Collector Salary by Education Level in Norway

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Bank Accounts Collector in Norway based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Bank Accounts Collector in Norway with a high school education can earn an average salary of 139,100 NOK.

  • Certificate or Diploma. A Bank Accounts Collector in Norway with a certificate or diploma education can earn an average salary of 164,100 NOK.

  • Bachelor's Degree. A Bank Accounts Collector in Norway with a bachelor's degree education can earn an average salary of 236,700 NOK.

  • Master's Degree. A Bank Accounts Collector in Norway with a master's degree education can earn an average salary of 309,800 NOK.

Average Salary by Education Chart

High School
139,100 NOK
Certificate or Diploma +18%
164,100 NOK
Bachelor's Degree +45%
236,700 NOK
Master's Degree +31%
309,800 NOK

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Norway is around 255,000 to 765,000 NOK and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Bank Accounts Collector Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Norway, a male bank accounts collector will earn an average of 218,100 NOK, while a female bank accounts collector will earn around 212,500 NOK.

This means that a male bank accounts collector earns approximately 3% more than a female bank accounts collector for performing the same job.

Average Salary by Gender Chart in Norway

Male
218,100 NOK
Female -3%
212,500 NOK

Bank Accounts Collector Average Pay Raise in Norway

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Bank Accounts Collector in Norway is around 12% every 13 months.

The national average pay raise across all professions and industries in Norway is around 9% every 15 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 12 ÷ 13 ) × 12  = 11%

What this means is that a Bank Accounts Collector in Norway can expect to receive an average pay raise of around 11% every 12 months.

Annual Pay Raise by Industry in Norway for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Norway.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Bank Accounts Collector Bonus and Incentive Rates in Norway

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Bank Accounts Collector is a moderate bonus based job, with 59% of employees reporting at least one bonus in the last 12 months.

41% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 2% to 7%.

Received Bonus
59%
No Bonus
41%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Norway earn approximately 5% more than private sector employees in the same role.

Public Sector
628,700 NOK
Private Sector -5%
596,600 NOK

Salaries for Jobs Similar to a Bank Accounts Collector

In the table below, we have salary information for jobs that are similar to a Bank Accounts Collector in Norway.

Job Title Category Salary
AML Analyst Banking 920,700 NOK
Assistant Bank Branch Manager Banking 811,900 NOK
Assistant Bank Manager Banking 995,200 NOK
ATM Manager Banking 894,100 NOK
ATM Service Technician Banking 238,300 NOK
Bank Accounts Analyst Banking 346,600 NOK
Bank Accounts Controller Banking 435,700 NOK
Bank Accounts Executive Banking 687,000 NOK
Bank Accounts Manager Banking 767,500 NOK
Bank Auditing Manager Banking 813,600 NOK
Bank Branch Manager Banking 1,039,000 NOK
Bank Branch Operations Coordinator Banking 490,500 NOK
Bank Clerk Banking 206,700 NOK
Bank Client Service Associate Banking 305,200 NOK
Bank Collector Banking 218,700 NOK
Bank Compliance Specialist Banking 544,200 NOK
Bank Manager Banking 1,301,300 NOK
Bank Operational Risk Manager Banking 1,289,500 NOK
Bank Operations Head Banking 1,289,500 NOK
Bank Operations Officer Banking 497,900 NOK
Bank Operations Specialist Banking 780,700 NOK
Bank Process Manager Banking 682,100 NOK
Bank Product Manager Banking 790,700 NOK
Bank Programme Manager Banking 885,400 NOK
Bank Project Manager Banking 1,021,800 NOK
Bank Propositions Manager Banking 913,800 NOK
Bank Quantitative Analyst Banking 668,300 NOK
Bank Regional Manager Banking 1,358,700 NOK
Bank Regional Risk Officer Banking 682,000 NOK
Bank Relationship Manager Banking 961,700 NOK
Bank Relationship Officer Banking 435,200 NOK
Bank Teller Banking 218,700 NOK
Banker Banking 439,700 NOK
Banking Business Analyst Banking 669,000 NOK
Banking Business Development Officer Banking 418,700 NOK
Banking Business Planning Executive Banking 917,500 NOK
Banking Product Manager Banking 844,600 NOK
Banking Reference Data Manager Banking 731,700 NOK
Banking Risk Analyst Banking 643,400 NOK
Banking Technical Analyst Banking 334,800 NOK
Bankruptcy Coordinator Banking 446,100 NOK
Bill and Account Collector Banking 236,700 NOK
Budget Analyst Banking 645,800 NOK
Capital Risk Manager Banking 1,251,900 NOK
Cards Marketing Manager Banking 817,800 NOK
Cash Management Manager Banking 1,128,500 NOK
Check Processing Manager Banking 885,400 NOK
Commercial Vault Associate Banking 614,300 NOK
Corporate Banker Banking 466,400 NOK
Corporate Dealer Banking 653,200 NOK
Credit Analyst Banking 523,300 NOK
Credit and Collections Manager Banking 877,900 NOK
Credit Card Fraud Investigator Banking 714,300 NOK
Credit Portfolio Manager Banking 1,259,300 NOK
Credit Risk Analyst Banking 755,700 NOK
Credit Risk Associate Banking 721,600 NOK
Direct Bank Sales Representative Banking 472,100 NOK
Exchange Control Consultant Banking 705,100 NOK
Executive Account Analyst Banking 645,800 NOK
Financial Bank Planning Consultant Banking 864,200 NOK
Financial Banking Analysis Manager Banking 1,000,300 NOK
Financial Banking Assistant Banking 313,300 NOK
Financial Banking Systems Manager Banking 860,200 NOK
Foreign Exchange Manager Banking 979,900 NOK
Fraud Analyst Banking 687,000 NOK
Fraud Detection Associate Banking 467,400 NOK
Fraud Detection Manager Banking 1,039,000 NOK
Fraud Detection Supervisor Banking 598,600 NOK
Internal Bank Audit Manager Banking 1,161,100 NOK
Internal Bank Auditor Banking 658,300 NOK
Internal Private Banker Banking 499,300 NOK
International Banking Manager Banking 1,338,100 NOK
Investment Banking Analyst Banking 962,100 NOK
Loan Analyst Banking 682,100 NOK
Loan Area Manager Banking 786,600 NOK
Loan Audit Team Leader Banking 737,000 NOK
Loan Branch Manager Banking 778,800 NOK
Loan Business Development Officer Banking 405,200 NOK
Loan Clerk Banking 226,100 NOK
Loan Collection and Recovery Manager Banking 785,500 NOK
Loan Collection Manager Banking 818,000 NOK
Loan Collector Banking 206,100 NOK
Loan Examiner Banking 293,500 NOK
Loan Officer Banking 255,000 NOK
Loan Processing Manager Banking 696,200 NOK
Loan Processor Banking 309,800 NOK
Loan Quality Assurance Auditor Banking 669,000 NOK
Loan Quality Assurance Manager Banking 715,200 NOK
Loan Quality Assurance Representative Banking 507,900 NOK
Loan Review Manager Banking 741,500 NOK
Loan Team Leader Banking 633,800 NOK
Loans Manager Banking 869,400 NOK
Mortgage Advisor Banking 466,400 NOK
Mortgage Collection Manager Banking 754,400 NOK
Mortgage Collector Banking 223,700 NOK
Mortgage Credit Analyst Banking 349,800 NOK
Mortgage Credit Manager Banking 708,100 NOK
Mortgage Development Manager Banking 865,800 NOK
Mortgage Document Reviewer Banking 282,500 NOK
Mortgage Funding Manager Banking 894,100 NOK
Mortgage Operations Manager Banking 1,088,600 NOK
Mortgage Payment Processing Clerk Banking 258,700 NOK
Mortgage Processing Manager Banking 763,300 NOK
Mortgage Processor Banking 290,200 NOK
Mortgage Quality Assurance Auditor Banking 641,800 NOK
Mortgage Quality Assurance Manager Banking 780,700 NOK
Mortgage Servicing Clerk Banking 235,300 NOK
Mortgage Servicing Manager Banking 727,400 NOK
Mortgage Underwriter Banking 281,100 NOK
Online Banking Manager Banking 1,088,600 NOK
Payment Processing Clerk Banking 235,300 NOK
Personal Banker Banking 492,500 NOK
Personal Banking Advisor Banking 491,100 NOK
Phone Banker Banking 307,400 NOK
Private Banker Banking 467,800 NOK
Reconciliation and Investigation Specialist Banking 544,100 NOK
Tax Officer Banking 388,100 NOK
Teller Banking 215,100 NOK
Trade Officer Banking 274,700 NOK
Trade Product Manager Banking 761,300 NOK
Trader Banking 336,500 NOK
Treasury Operations Officer Banking 592,700 NOK

Salary Comparison by City

If you want to compare salaries with different cities in Norway, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Oslo 238,300 NOK
Stavanger 204,900 NOK
Tromso 205,400 NOK
Trondheim 219,500 NOK

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