Average Bank Accounts Manager Salary in Jersey for 2024

In this article, we will look at the average Bank Accounts Manager salary for 2024 in Jersey 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 British pound. To keep things simple, we are using the GBP currency code instead of the currency symbol £.

How Much Does a Bank Accounts Manager Make in Jersey?

A Bank Accounts Manager working in Jersey will typically earn around 80,060 GBP per year, and this can range from the lowest average salary of about 36,700 GBP to the highest average salary of 129,000 GBP.

Average Annual Salary
80,060 GBP
Average Monthly Salary
6,671 GBP

Lowest Annual Salary
36,700 GBP
Lowest Monthly Salary
3,058 GBP

Highest Annual Salary
129,000 GBP
Highest Monthly Salary
10,750 GBP

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

Bank Accounts Manager 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 Manager Salaries in Jersey

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

Salary ranges

We already know that a Bank Accounts Manager can earn between 36,700 GBP and 129,000 GBP on average in Jersey. 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 Manager in Jersey is 88,240 GBP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 88,240 GBP, and 50% of the population earn more than 88,240 GBP.

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 Manager salary in Jersey, 25% of the population are earning less than 55,320 GBP while 75% of the population earn more than 55,320 GBP.

75% of the population earn less than 115,400 GBP, and 25% of the population earn more than 115,400 GBP.

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 Manager Salary by Experience Level in Jersey

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 manager 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 Manager in Jersey that has less than two years of experience can expect to earn somewhere in the region of 42,320 GBP.
  • 2 - 5 Years Experience. With two to five years of experience the average Bank Accounts Manager salary would increase to 55,580 GBP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Bank Accounts Manager, the average salary would be 84,780 GBP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 102,020 GBP.
  • 15 - 20 Years Experience. A Bank Accounts Manager with 15 to 20 years of experience can earn an average of 111,240 GBP.
  • 20+ Years Experience. For a Bank Accounts Manager with more than 20 years, the expected average salary increases to 119,860 GBP.

Average Salary by Experience Chart

0-2 Years
42,320 GBP
2-5 Years +34%
55,580 GBP
5-10 Years +48%
84,780 GBP
10-15 Years +22%
102,020 GBP
15-20 Years +9%
111,240 GBP
20+ Years +8%
119,860 GBP

Bank Accounts Manager Salary by Education Level in Jersey

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 Manager in Jersey based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Bank Accounts Manager in Jersey with a bachelor's degree education can earn an average salary of 48,560 GBP.

  • Master's Degree. A Bank Accounts Manager in Jersey with a master's degree education can earn an average salary of 93,880 GBP.

Average Salary by Education Chart

Bachelor's Degree
48,560 GBP
Master's Degree +93%
93,880 GBP

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 Jersey is around 25,800 to 77,300 GBP 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 Manager 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 Jersey, a male bank accounts manager will earn an average of 86,640 GBP, while a female bank accounts manager will earn around 73,880 GBP.

This means that a male bank accounts manager earns approximately 17% more than a female bank accounts manager for performing the same job.

Average Salary by Gender Chart in Jersey

Male
86,640 GBP
Female -17%
73,880 GBP

Bank Accounts Manager Average Pay Raise in Jersey

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 Manager in Jersey is around 9% every 27 months.

The national average pay raise across all professions and industries in Jersey is around 5% every 28 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 = ( 9 ÷ 27 ) × 12  = 4%

What this means is that a Bank Accounts Manager in Jersey can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Jersey for 2024

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

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 Manager Bonus and Incentive Rates in Jersey

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 Manager is a moderate bonus based job, with 67% of employees reporting at least one bonus in the last 12 months.

33% 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 5% to 9%.

Received Bonus
67%
No Bonus
33%

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 Jersey earn approximately 19% more than private sector employees in the same role.

Public Sector
66,840 GBP
Private Sector -19%
56,060 GBP

Salaries for Jobs Similar to a Bank Accounts Manager

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

Job Title Category Salary
AML Analyst Banking 95,720 GBP
Assistant Bank Branch Manager Banking 88,260 GBP
Assistant Bank Manager Banking 107,900 GBP
ATM Manager Banking 93,780 GBP
ATM Service Technician Banking 24,720 GBP
Bank Accounts Analyst Banking 38,180 GBP
Bank Accounts Collector Banking 19,940 GBP
Bank Accounts Controller Banking 45,000 GBP
Bank Accounts Executive Banking 67,320 GBP
Bank Auditing Manager Banking 83,060 GBP
Bank Branch Manager Banking 118,800 GBP
Bank Branch Operations Coordinator Banking 49,820 GBP
Bank Clerk Banking 23,520 GBP
Bank Client Service Associate Banking 31,400 GBP
Bank Collector Banking 22,420 GBP
Bank Compliance Specialist Banking 61,180 GBP
Bank Manager Banking 136,100 GBP
Bank Operational Risk Manager Banking 139,100 GBP
Bank Operations Head Banking 136,200 GBP
Bank Operations Officer Banking 50,620 GBP
Bank Operations Specialist Banking 83,640 GBP
Bank Process Manager Banking 75,220 GBP
Bank Product Manager Banking 88,580 GBP
Bank Programme Manager Banking 96,980 GBP
Bank Project Manager Banking 101,980 GBP
Bank Propositions Manager Banking 91,520 GBP
Bank Quantitative Analyst Banking 67,020 GBP
Bank Regional Manager Banking 148,300 GBP
Bank Regional Risk Officer Banking 69,720 GBP
Bank Relationship Manager Banking 96,560 GBP
Bank Relationship Officer Banking 44,780 GBP
Bank Teller Banking 22,660 GBP
Banker Banking 47,760 GBP
Banking Business Analyst Banking 70,700 GBP
Banking Business Development Officer Banking 43,360 GBP
Banking Business Planning Executive Banking 104,500 GBP
Banking Product Manager Banking 91,520 GBP
Banking Reference Data Manager Banking 77,620 GBP
Banking Risk Analyst Banking 69,060 GBP
Banking Technical Analyst Banking 38,260 GBP
Bankruptcy Coordinator Banking 52,460 GBP
Bill and Account Collector Banking 26,020 GBP
Budget Analyst Banking 72,380 GBP
Capital Risk Manager Banking 125,700 GBP
Cards Marketing Manager Banking 85,440 GBP
Cash Management Manager Banking 117,860 GBP
Check Processing Manager Banking 88,600 GBP
Commercial Vault Associate Banking 69,180 GBP
Corporate Banker Banking 49,300 GBP
Corporate Dealer Banking 67,800 GBP
Credit Analyst Banking 54,700 GBP
Credit and Collections Manager Banking 94,940 GBP
Credit Card Fraud Investigator Banking 73,100 GBP
Credit Portfolio Manager Banking 127,700 GBP
Credit Risk Analyst Banking 80,760 GBP
Credit Risk Associate Banking 75,500 GBP
Direct Bank Sales Representative Banking 51,100 GBP
Exchange Control Consultant Banking 77,620 GBP
Executive Account Analyst Banking 69,180 GBP
Financial Bank Planning Consultant Banking 90,900 GBP
Financial Banking Analysis Manager Banking 106,440 GBP
Financial Banking Assistant Banking 34,360 GBP
Financial Banking Systems Manager Banking 89,960 GBP
Foreign Exchange Manager Banking 97,260 GBP
Fraud Analyst Banking 72,700 GBP
Fraud Detection Associate Banking 49,820 GBP
Fraud Detection Manager Banking 112,620 GBP
Fraud Detection Supervisor Banking 58,720 GBP
Internal Bank Audit Manager Banking 125,700 GBP
Internal Bank Auditor Banking 68,580 GBP
Internal Private Banker Banking 53,380 GBP
International Banking Manager Banking 146,200 GBP
Investment Banking Analyst Banking 103,440 GBP
Loan Analyst Banking 69,260 GBP
Loan Area Manager Banking 86,520 GBP
Loan Audit Team Leader Banking 80,020 GBP
Loan Branch Manager Banking 80,480 GBP
Loan Business Development Officer Banking 43,080 GBP
Loan Clerk Banking 27,380 GBP
Loan Collection and Recovery Manager Banking 89,120 GBP
Loan Collection Manager Banking 88,620 GBP
Loan Collector Banking 20,460 GBP
Loan Examiner Banking 29,320 GBP
Loan Officer Banking 26,100 GBP
Loan Processing Manager Banking 74,060 GBP
Loan Processor Banking 29,160 GBP
Loan Quality Assurance Auditor Banking 71,700 GBP
Loan Quality Assurance Manager Banking 78,620 GBP
Loan Quality Assurance Representative Banking 51,120 GBP
Loan Review Manager Banking 80,020 GBP
Loan Team Leader Banking 72,380 GBP
Loans Manager Banking 89,980 GBP
Mortgage Advisor Banking 51,080 GBP
Mortgage Collection Manager Banking 87,020 GBP
Mortgage Collector Banking 22,400 GBP
Mortgage Credit Analyst Banking 34,120 GBP
Mortgage Credit Manager Banking 77,060 GBP
Mortgage Development Manager Banking 86,420 GBP
Mortgage Document Reviewer Banking 28,680 GBP
Mortgage Funding Manager Banking 91,320 GBP
Mortgage Operations Manager Banking 124,400 GBP
Mortgage Payment Processing Clerk Banking 27,620 GBP
Mortgage Processing Manager Banking 79,000 GBP
Mortgage Processor Banking 31,960 GBP
Mortgage Quality Assurance Auditor Banking 70,840 GBP
Mortgage Quality Assurance Manager Banking 83,200 GBP
Mortgage Servicing Clerk Banking 24,800 GBP
Mortgage Servicing Manager Banking 78,940 GBP
Mortgage Underwriter Banking 29,840 GBP
Online Banking Manager Banking 124,400 GBP
Payment Processing Clerk Banking 24,860 GBP
Personal Banker Banking 52,540 GBP
Personal Banking Advisor Banking 53,840 GBP
Phone Banker Banking 35,500 GBP
Private Banker Banking 53,860 GBP
Reconciliation and Investigation Specialist Banking 56,060 GBP
Tax Officer Banking 42,460 GBP
Teller Banking 24,840 GBP
Trade Officer Banking 31,540 GBP
Trade Product Manager Banking 84,880 GBP
Trader Banking 37,620 GBP
Treasury Operations Officer Banking 61,460 GBP

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