Average Bank Operations Head Salary in New Zealand for 2024

In this article, we will look at the average Bank Operations Head salary for 2024 in New Zealand 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 New Zealand dollar. To keep things simple, we are using the NZD currency code instead of the currency symbol $.

How Much Does a Bank Operations Head Make in New Zealand?

A Bank Operations Head working in New Zealand will typically earn around 211,200 NZD per year, and this can range from the lowest average salary of about 105,200 NZD to the highest average salary of 330,900 NZD.

Average Annual Salary
211,200 NZD
Average Monthly Salary
17,600 NZD

Lowest Annual Salary
105,200 NZD
Lowest Monthly Salary
8,766 NZD

Highest Annual Salary
330,900 NZD
Highest Monthly Salary
27,575 NZD

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

Bank Operations Head 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 Operations Head Salaries in New Zealand

So we've looked at the average salaries a Bank Operations Head will earn in New Zealand. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Bank Operations Head can earn between 105,200 NZD and 330,900 NZD on average in New Zealand. 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 Operations Head in New Zealand is 218,500 NZD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 218,500 NZD, and 50% of the population earn more than 218,500 NZD.

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 Operations Head salary in New Zealand, 25% of the population are earning less than 146,700 NZD while 75% of the population earn more than 146,700 NZD.

75% of the population earn less than 280,600 NZD, and 25% of the population earn more than 280,600 NZD.

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 Operations Head Salary by Experience Level in New Zealand

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 operations head 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 Operations Head in New Zealand that has less than two years of experience can expect to earn somewhere in the region of 125,400 NZD.
  • 2 - 5 Years Experience. With two to five years of experience the average Bank Operations Head salary would increase to 158,700 NZD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Bank Operations Head, the average salary would be 218,100 NZD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 272,500 NZD.
  • 15 - 20 Years Experience. A Bank Operations Head with 15 to 20 years of experience can earn an average of 292,100 NZD.
  • 20+ Years Experience. For a Bank Operations Head with more than 20 years, the expected average salary increases to 310,200 NZD.

Average Salary by Experience Chart

0-2 Years
125,400 NZD
2-5 Years +29%
158,700 NZD
5-10 Years +38%
218,100 NZD
10-15 Years +24%
272,500 NZD
15-20 Years +7%
292,100 NZD
20+ Years +7%
310,200 NZD

Bank Operations Head Salary by Education Level in New Zealand

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 Operations Head in New Zealand 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 Operations Head in New Zealand with a bachelor's degree education can earn an average salary of 153,700 NZD.

  • Master's Degree. A Bank Operations Head in New Zealand with a master's degree education can earn an average salary of 247,400 NZD.

Average Salary by Education Chart

Bachelor's Degree
153,700 NZD
Master's Degree +60%
247,400 NZD

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 New Zealand is around 40,500 to 122,000 NZD 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 Operations Head 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 New Zealand, a male bank operations head will earn an average of 216,600 NZD, while a female bank operations head will earn around 206,300 NZD.

This means that a male bank operations head earns approximately 5% more than a female bank operations head for performing the same job.

Average Salary by Gender Chart in New Zealand

Male
216,600 NZD
Female -5%
206,300 NZD

Bank Operations Head Average Pay Raise in New Zealand

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 Operations Head in New Zealand is around 13% every 17 months.

The national average pay raise across all professions and industries in New Zealand is around 8% every 16 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 = ( 13 ÷ 17 ) × 12  = 9%

What this means is that a Bank Operations Head in New Zealand can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in New Zealand for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Bank Operations Head Bonus and Incentive Rates in New Zealand

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 Operations Head is a high bonus based job, with 85% of employees reporting at least one bonus in the last 12 months.

15% 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
85%
No Bonus
15%

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 New Zealand earn approximately 5% more than private sector employees in the same role.

Public Sector
97,900 NZD
Private Sector -5%
93,100 NZD

Salaries for Jobs Similar to a Bank Operations Head

In the table below, we have salary information for jobs that are similar to a Bank Operations Head in New Zealand.

Job Title Category Salary
AML Analyst Banking 140,200 NZD
Assistant Bank Branch Manager Banking 130,400 NZD
Assistant Bank Manager Banking 168,700 NZD
ATM Manager Banking 137,100 NZD
ATM Service Technician Banking 40,300 NZD
Bank Accounts Analyst Banking 54,900 NZD
Bank Accounts Collector Banking 37,200 NZD
Bank Accounts Controller Banking 74,600 NZD
Bank Accounts Executive Banking 107,700 NZD
Bank Accounts Manager Banking 117,100 NZD
Bank Auditing Manager Banking 123,000 NZD
Bank Branch Manager Banking 169,700 NZD
Bank Branch Operations Coordinator Banking 74,900 NZD
Bank Clerk Banking 31,700 NZD
Bank Client Service Associate Banking 45,900 NZD
Bank Collector Banking 34,000 NZD
Bank Compliance Specialist Banking 92,500 NZD
Bank Manager Banking 210,400 NZD
Bank Operational Risk Manager Banking 199,700 NZD
Bank Operations Officer Banking 85,500 NZD
Bank Operations Specialist Banking 127,700 NZD
Bank Process Manager Banking 111,700 NZD
Bank Product Manager Banking 128,400 NZD
Bank Programme Manager Banking 142,300 NZD
Bank Project Manager Banking 166,600 NZD
Bank Propositions Manager Banking 151,800 NZD
Bank Quantitative Analyst Banking 100,700 NZD
Bank Regional Manager Banking 205,700 NZD
Bank Regional Risk Officer Banking 105,200 NZD
Bank Relationship Manager Banking 158,900 NZD
Bank Relationship Officer Banking 67,800 NZD
Bank Teller Banking 33,600 NZD
Banker Banking 73,100 NZD
Banking Business Analyst Banking 107,700 NZD
Banking Business Development Officer Banking 66,100 NZD
Banking Business Planning Executive Banking 151,800 NZD
Banking Product Manager Banking 130,400 NZD
Banking Reference Data Manager Banking 111,700 NZD
Banking Risk Analyst Banking 102,700 NZD
Banking Technical Analyst Banking 55,200 NZD
Bankruptcy Coordinator Banking 72,800 NZD
Bill and Account Collector Banking 38,700 NZD
Budget Analyst Banking 105,200 NZD
Capital Risk Manager Banking 205,400 NZD
Cards Marketing Manager Banking 130,500 NZD
Cash Management Manager Banking 177,100 NZD
Check Processing Manager Banking 140,700 NZD
Commercial Vault Associate Banking 105,200 NZD
Corporate Banker Banking 74,500 NZD
Corporate Dealer Banking 107,300 NZD
Credit Analyst Banking 80,800 NZD
Credit and Collections Manager Banking 146,900 NZD
Credit Card Fraud Investigator Banking 109,000 NZD
Credit Portfolio Manager Banking 190,400 NZD
Credit Risk Analyst Banking 115,600 NZD
Credit Risk Associate Banking 114,300 NZD
Direct Bank Sales Representative Banking 77,300 NZD
Exchange Control Consultant Banking 107,700 NZD
Executive Account Analyst Banking 99,700 NZD
Financial Bank Planning Consultant Banking 132,000 NZD
Financial Banking Analysis Manager Banking 150,100 NZD
Financial Banking Assistant Banking 51,800 NZD
Financial Banking Systems Manager Banking 140,700 NZD
Foreign Exchange Manager Banking 156,200 NZD
Fraud Analyst Banking 116,400 NZD
Fraud Detection Associate Banking 73,800 NZD
Fraud Detection Manager Banking 165,900 NZD
Fraud Detection Supervisor Banking 96,000 NZD
Internal Bank Audit Manager Banking 200,600 NZD
Internal Bank Auditor Banking 103,600 NZD
Internal Private Banker Banking 74,600 NZD
International Banking Manager Banking 205,400 NZD
Investment Banking Analyst Banking 160,700 NZD
Loan Analyst Banking 109,700 NZD
Loan Area Manager Banking 127,700 NZD
Loan Audit Team Leader Banking 117,100 NZD
Loan Branch Manager Banking 125,400 NZD
Loan Business Development Officer Banking 64,500 NZD
Loan Clerk Banking 35,500 NZD
Loan Collection and Recovery Manager Banking 123,000 NZD
Loan Collection Manager Banking 128,200 NZD
Loan Collector Banking 34,700 NZD
Loan Examiner Banking 45,600 NZD
Loan Officer Banking 37,900 NZD
Loan Processing Manager Banking 115,600 NZD
Loan Processor Banking 45,900 NZD
Loan Quality Assurance Auditor Banking 111,700 NZD
Loan Quality Assurance Manager Banking 117,100 NZD
Loan Quality Assurance Representative Banking 83,400 NZD
Loan Review Manager Banking 119,700 NZD
Loan Team Leader Banking 103,600 NZD
Loans Manager Banking 141,000 NZD
Mortgage Advisor Banking 72,300 NZD
Mortgage Collection Manager Banking 119,700 NZD
Mortgage Collector Banking 34,300 NZD
Mortgage Credit Analyst Banking 55,700 NZD
Mortgage Credit Manager Banking 123,000 NZD
Mortgage Development Manager Banking 132,000 NZD
Mortgage Document Reviewer Banking 47,100 NZD
Mortgage Funding Manager Banking 137,100 NZD
Mortgage Operations Manager Banking 175,100 NZD
Mortgage Payment Processing Clerk Banking 40,700 NZD
Mortgage Processing Manager Banking 116,400 NZD
Mortgage Processor Banking 49,400 NZD
Mortgage Quality Assurance Auditor Banking 103,600 NZD
Mortgage Quality Assurance Manager Banking 125,400 NZD
Mortgage Servicing Clerk Banking 34,300 NZD
Mortgage Servicing Manager Banking 117,100 NZD
Mortgage Underwriter Banking 43,800 NZD
Online Banking Manager Banking 184,700 NZD
Payment Processing Clerk Banking 35,300 NZD
Personal Banker Banking 75,800 NZD
Personal Banking Advisor Banking 80,300 NZD
Phone Banker Banking 51,300 NZD
Private Banker Banking 78,200 NZD
Reconciliation and Investigation Specialist Banking 84,600 NZD
Tax Officer Banking 63,900 NZD
Teller Banking 34,300 NZD
Trade Officer Banking 42,700 NZD
Trade Product Manager Banking 121,800 NZD
Trader Banking 52,800 NZD
Treasury Operations Officer Banking 92,600 NZD

Salary Comparison by City

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

City Average Salary
Auckland 233,800 NZD
Christchurch 218,500 NZD
Hamilton 204,900 NZD
Rotorua 185,900 NZD
Wellington 201,000 NZD

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Bank Operations Head Salary in New Zealand for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-bank-operations-head-salary-in-new-zealand/.

  • "Average Bank Operations Head Salary in New Zealand for 2024". World Salaries, https://worldsalaries.com/average-bank-operations-head-salary-in-new-zealand/. Accessed 28 March, 2024

  • Average Bank Operations Head Salary in New Zealand for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-bank-operations-head-salary-in-new-zealand/.