Average Bank Operations Specialist Salary in Hungary for 2024

In this article, we will look at the average Bank Operations Specialist salary for 2024 in Hungary 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 Hungarian forint. To keep things simple, we are using the HUF currency code instead of the currency symbol Ft.

How Much Does a Bank Operations Specialist Make in Hungary?

A Bank Operations Specialist working in Hungary will typically earn around 7,428,600 HUF per year, and this can range from the lowest average salary of about 3,934,900 HUF to the highest average salary of 11,281,100 HUF.

Average Annual Salary
7,428,600 HUF
Average Monthly Salary
619,050 HUF

Lowest Annual Salary
3,934,900 HUF
Lowest Monthly Salary
327,908 HUF

Highest Annual Salary
11,281,100 HUF
Highest Monthly Salary
940,091 HUF

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

Bank Operations Specialist 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 Specialist Salaries in Hungary

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

Salary ranges

We already know that a Bank Operations Specialist can earn between 3,934,900 HUF and 11,281,100 HUF on average in Hungary. 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 Specialist in Hungary is 6,984,300 HUF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 6,984,300 HUF, and 50% of the population earn more than 6,984,300 HUF.

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 Specialist salary in Hungary, 25% of the population are earning less than 4,908,200 HUF while 75% of the population earn more than 4,908,200 HUF.

75% of the population earn less than 8,578,600 HUF, and 25% of the population earn more than 8,578,600 HUF.

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 Specialist Salary by Experience Level in Hungary

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 specialist 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 Specialist in Hungary that has less than two years of experience can expect to earn somewhere in the region of 4,524,400 HUF.
  • 2 - 5 Years Experience. With two to five years of experience the average Bank Operations Specialist salary would increase to 5,555,200 HUF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Bank Operations Specialist, the average salary would be 7,872,400 HUF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 9,191,000 HUF.
  • 15 - 20 Years Experience. A Bank Operations Specialist with 15 to 20 years of experience can earn an average of 10,102,100 HUF.
  • 20+ Years Experience. For a Bank Operations Specialist with more than 20 years, the expected average salary increases to 10,691,100 HUF.

Average Salary by Experience Chart

0-2 Years
4,524,400 HUF
2-5 Years +23%
5,555,200 HUF
5-10 Years +42%
7,872,400 HUF
10-15 Years +17%
9,191,000 HUF
15-20 Years +10%
10,102,100 HUF
20+ Years +6%
10,691,100 HUF

Bank Operations Specialist Salary by Education Level in Hungary

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 Specialist in Hungary 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 Specialist in Hungary with a bachelor's degree education can earn an average salary of 5,111,100 HUF.

  • Master's Degree. A Bank Operations Specialist in Hungary with a master's degree education can earn an average salary of 9,886,200 HUF.

Average Salary by Education Chart

Bachelor's Degree
5,111,100 HUF
Master's Degree +93%
9,886,200 HUF

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 Hungary is around 2,470,000 to 7,400,000 HUF 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 Specialist 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 Hungary, a male bank operations specialist will earn an average of 7,655,900 HUF, while a female bank operations specialist will earn around 7,105,200 HUF.

This means that a male bank operations specialist earns approximately 8% more than a female bank operations specialist for performing the same job.

Average Salary by Gender Chart in Hungary

Male
7,655,900 HUF
Female -8%
7,105,200 HUF

Bank Operations Specialist Average Pay Raise in Hungary

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 Specialist in Hungary is around 13% every 16 months.

The national average pay raise across all professions and industries in Hungary is around 9% every 17 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 ÷ 16 ) × 12  = 10%

What this means is that a Bank Operations Specialist in Hungary can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in Hungary for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Bank Operations Specialist Bonus and Incentive Rates in Hungary

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 Specialist is a moderate bonus based job, with 51% of employees reporting at least one bonus in the last 12 months.

49% 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 3% to 5%.

Received Bonus
51%
No Bonus
49%

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 Hungary earn approximately 9% more than private sector employees in the same role.

Public Sector
6,193,900 HUF
Private Sector -9%
5,686,100 HUF

Salaries for Jobs Similar to a Bank Operations Specialist

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

Job Title Category Salary
AML Analyst Banking 8,377,500 HUF
Assistant Bank Branch Manager Banking 7,057,300 HUF
Assistant Bank Manager Banking 9,409,200 HUF
ATM Manager Banking 7,930,200 HUF
ATM Service Technician Banking 2,184,900 HUF
Bank Accounts Analyst Banking 3,253,900 HUF
Bank Accounts Collector Banking 2,015,600 HUF
Bank Accounts Controller Banking 4,079,300 HUF
Bank Accounts Executive Banking 6,048,900 HUF
Bank Accounts Manager Banking 6,997,000 HUF
Bank Auditing Manager Banking 7,020,500 HUF
Bank Branch Manager Banking 9,634,900 HUF
Bank Branch Operations Coordinator Banking 4,320,200 HUF
Bank Clerk Banking 2,015,600 HUF
Bank Client Service Associate Banking 2,711,900 HUF
Bank Collector Banking 1,942,700 HUF
Bank Compliance Specialist Banking 5,507,100 HUF
Bank Manager Banking 11,905,700 HUF
Bank Operational Risk Manager Banking 11,998,600 HUF
Bank Operations Head Banking 12,239,700 HUF
Bank Operations Officer Banking 4,681,400 HUF
Bank Process Manager Banking 6,901,600 HUF
Bank Product Manager Banking 7,750,400 HUF
Bank Programme Manager Banking 7,693,200 HUF
Bank Project Manager Banking 9,493,400 HUF
Bank Propositions Manager Banking 8,267,800 HUF
Bank Quantitative Analyst Banking 5,902,400 HUF
Bank Regional Manager Banking 12,239,700 HUF
Bank Regional Risk Officer Banking 6,457,900 HUF
Bank Relationship Manager Banking 8,988,700 HUF
Bank Relationship Officer Banking 4,093,700 HUF
Bank Teller Banking 2,197,700 HUF
Banker Banking 4,282,500 HUF
Banking Business Analyst Banking 6,251,400 HUF
Banking Business Development Officer Banking 4,043,600 HUF
Banking Business Planning Executive Banking 9,082,500 HUF
Banking Product Manager Banking 7,860,600 HUF
Banking Reference Data Manager Banking 6,480,800 HUF
Banking Risk Analyst Banking 6,311,900 HUF
Banking Technical Analyst Banking 3,168,300 HUF
Bankruptcy Coordinator Banking 4,403,400 HUF
Bill and Account Collector Banking 2,161,200 HUF
Budget Analyst Banking 5,794,900 HUF
Capital Risk Manager Banking 11,674,300 HUF
Cards Marketing Manager Banking 7,680,400 HUF
Cash Management Manager Banking 11,290,900 HUF
Check Processing Manager Banking 8,329,200 HUF
Commercial Vault Associate Banking 6,073,300 HUF
Corporate Banker Banking 4,654,300 HUF
Corporate Dealer Banking 6,539,600 HUF
Credit Analyst Banking 4,966,200 HUF
Credit and Collections Manager Banking 8,614,300 HUF
Credit Card Fraud Investigator Banking 6,587,900 HUF
Credit Portfolio Manager Banking 11,759,800 HUF
Credit Risk Analyst Banking 6,577,500 HUF
Credit Risk Associate Banking 6,826,100 HUF
Direct Bank Sales Representative Banking 4,510,700 HUF
Exchange Control Consultant Banking 6,552,400 HUF
Executive Account Analyst Banking 5,952,700 HUF
Financial Bank Planning Consultant Banking 8,195,200 HUF
Financial Banking Analysis Manager Banking 9,322,700 HUF
Financial Banking Assistant Banking 3,013,500 HUF
Financial Banking Systems Manager Banking 8,604,800 HUF
Foreign Exchange Manager Banking 9,179,000 HUF
Fraud Analyst Banking 6,682,700 HUF
Fraud Detection Associate Banking 4,537,100 HUF
Fraud Detection Manager Banking 9,634,900 HUF
Fraud Detection Supervisor Banking 5,471,700 HUF
Internal Bank Audit Manager Banking 11,377,500 HUF
Internal Bank Auditor Banking 6,035,400 HUF
Internal Private Banker Banking 4,345,400 HUF
International Banking Manager Banking 12,721,300 HUF
Investment Banking Analyst Banking 9,191,000 HUF
Loan Analyst Banking 6,300,400 HUF
Loan Area Manager Banking 7,741,200 HUF
Loan Audit Team Leader Banking 7,246,500 HUF
Loan Branch Manager Banking 7,164,900 HUF
Loan Business Development Officer Banking 3,850,500 HUF
Loan Clerk Banking 2,242,500 HUF
Loan Collection and Recovery Manager Banking 7,583,100 HUF
Loan Collection Manager Banking 7,596,200 HUF
Loan Collector Banking 2,065,400 HUF
Loan Examiner Banking 2,748,900 HUF
Loan Officer Banking 2,362,300 HUF
Loan Processing Manager Banking 6,768,400 HUF
Loan Processor Banking 2,819,600 HUF
Loan Quality Assurance Auditor Banking 6,322,500 HUF
Loan Quality Assurance Manager Banking 7,030,600 HUF
Loan Quality Assurance Representative Banking 4,681,400 HUF
Loan Review Manager Banking 7,045,600 HUF
Loan Team Leader Banking 6,274,900 HUF
Loans Manager Banking 8,182,600 HUF
Mortgage Advisor Banking 4,309,300 HUF
Mortgage Collection Manager Banking 7,246,500 HUF
Mortgage Collector Banking 2,015,600 HUF
Mortgage Credit Analyst Banking 3,277,900 HUF
Mortgage Credit Manager Banking 6,875,100 HUF
Mortgage Development Manager Banking 7,860,600 HUF
Mortgage Document Reviewer Banking 2,676,200 HUF
Mortgage Funding Manager Banking 7,919,400 HUF
Mortgage Operations Manager Banking 10,475,000 HUF
Mortgage Payment Processing Clerk Banking 2,304,300 HUF
Mortgage Processing Manager Banking 6,984,300 HUF
Mortgage Processor Banking 2,734,500 HUF
Mortgage Quality Assurance Auditor Banking 5,952,700 HUF
Mortgage Quality Assurance Manager Banking 6,804,900 HUF
Mortgage Servicing Clerk Banking 2,110,600 HUF
Mortgage Servicing Manager Banking 6,696,900 HUF
Mortgage Underwriter Banking 2,533,800 HUF
Online Banking Manager Banking 10,801,300 HUF
Payment Processing Clerk Banking 2,197,700 HUF
Personal Banker Banking 4,391,800 HUF
Personal Banking Advisor Banking 4,681,400 HUF
Phone Banker Banking 2,998,500 HUF
Private Banker Banking 4,465,800 HUF
Reconciliation and Investigation Specialist Banking 4,908,200 HUF
Tax Officer Banking 3,672,500 HUF
Teller Banking 2,100,900 HUF
Trade Officer Banking 2,471,700 HUF
Trade Product Manager Banking 7,067,300 HUF
Trader Banking 2,953,200 HUF
Treasury Operations Officer Banking 5,724,700 HUF

Salary Comparison by City

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

City Average Salary
Budapest 7,848,500 HUF
Debrecen 7,872,400 HUF

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