Average Bank Operations Specialist Salary in Swaziland for 2024

In this article, we will look at the average Bank Operations Specialist salary for 2024 in Swaziland 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 Swazi lilangeni. To keep things simple, we are using the SZL currency code instead of the currency symbol L.

How Much Does a Bank Operations Specialist Make in Swaziland?

A Bank Operations Specialist working in Swaziland will typically earn around 75,280 SZL per year, and this can range from the lowest average salary of about 35,340 SZL to the highest average salary of 115,620 SZL.

Average Annual Salary
75,280 SZL
Average Monthly Salary
6,273 SZL

Lowest Annual Salary
35,340 SZL
Lowest Monthly Salary
2,945 SZL

Highest Annual Salary
115,620 SZL
Highest Monthly Salary
9,635 SZL

These are average salaries for a Bank Operations Specialist in Swaziland 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 Swaziland

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

Salary ranges

We already know that a Bank Operations Specialist can earn between 35,340 SZL and 115,620 SZL on average in Swaziland. 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 Swaziland is 78,960 SZL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 78,960 SZL, and 50% of the population earn more than 78,960 SZL.

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 Swaziland, 25% of the population are earning less than 52,460 SZL while 75% of the population earn more than 52,460 SZL.

75% of the population earn less than 101,900 SZL, and 25% of the population earn more than 101,900 SZL.

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 Swaziland

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 Swaziland that has less than two years of experience can expect to earn somewhere in the region of 41,560 SZL.
  • 2 - 5 Years Experience. With two to five years of experience the average Bank Operations Specialist salary would increase to 57,440 SZL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Bank Operations Specialist, the average salary would be 79,360 SZL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 96,720 SZL.
  • 15 - 20 Years Experience. A Bank Operations Specialist with 15 to 20 years of experience can earn an average of 102,240 SZL.
  • 20+ Years Experience. For a Bank Operations Specialist with more than 20 years, the expected average salary increases to 109,340 SZL.

Average Salary by Experience Chart

0-2 Years
41,560 SZL
2-5 Years +42%
57,440 SZL
5-10 Years +31%
79,360 SZL
10-15 Years +23%
96,720 SZL
15-20 Years +6%
102,240 SZL
20+ Years +10%
109,340 SZL

Bank Operations Specialist Salary by Education Level in Swaziland

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 Swaziland 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 Swaziland with a bachelor's degree education can earn an average salary of 64,920 SZL.

  • Master's Degree. A Bank Operations Specialist in Swaziland with a master's degree education can earn an average salary of 93,340 SZL.

Average Salary by Education Chart

Bachelor's Degree
64,920 SZL
Master's Degree +43%
93,340 SZL

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 Swaziland is around 22,500 to 67,600 SZL 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 Swaziland, a male bank operations specialist will earn an average of 78,940 SZL, while a female bank operations specialist will earn around 72,420 SZL.

This means that a male bank operations specialist earns approximately 9% more than a female bank operations specialist for performing the same job.

Average Salary by Gender Chart in Swaziland

Male
78,940 SZL
Female -9%
72,420 SZL

Bank Operations Specialist Average Pay Raise in Swaziland

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 Swaziland is around 9% every 28 months.

The national average pay raise across all professions and industries in Swaziland 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 ÷ 28 ) × 12  = 4%

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

Annual Pay Raise by Industry in Swaziland for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Bank Operations Specialist Bonus and Incentive Rates in Swaziland

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 low bonus based job, with 40% of employees reporting at least one bonus in the last 12 months.

60% 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 6%.

Received Bonus
40%
No Bonus
60%

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

Public Sector
55,580 SZL
Private Sector -9%
50,980 SZL

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 Swaziland.

Job Title Category Salary
AML Analyst Banking 83,100 SZL
Assistant Bank Branch Manager Banking 77,640 SZL
Assistant Bank Manager Banking 95,420 SZL
ATM Manager Banking 80,540 SZL
ATM Service Technician Banking 21,980 SZL
Bank Accounts Analyst Banking 33,120 SZL
Bank Accounts Collector Banking 18,900 SZL
Bank Accounts Controller Banking 42,040 SZL
Bank Accounts Executive Banking 60,180 SZL
Bank Accounts Manager Banking 72,180 SZL
Bank Auditing Manager Banking 73,100 SZL
Bank Branch Manager Banking 103,840 SZL
Bank Branch Operations Coordinator Banking 44,800 SZL
Bank Clerk Banking 19,360 SZL
Bank Client Service Associate Banking 25,660 SZL
Bank Collector Banking 21,540 SZL
Bank Compliance Specialist Banking 50,540 SZL
Bank Manager Banking 115,940 SZL
Bank Operational Risk Manager Banking 119,900 SZL
Bank Operations Head Banking 116,740 SZL
Bank Operations Officer Banking 47,540 SZL
Bank Process Manager Banking 66,940 SZL
Bank Product Manager Banking 74,560 SZL
Bank Programme Manager Banking 83,200 SZL
Bank Project Manager Banking 89,120 SZL
Bank Propositions Manager Banking 82,480 SZL
Bank Quantitative Analyst Banking 58,240 SZL
Bank Regional Manager Banking 125,700 SZL
Bank Regional Risk Officer Banking 61,840 SZL
Bank Relationship Manager Banking 84,740 SZL
Bank Relationship Officer Banking 38,620 SZL
Bank Teller Banking 19,380 SZL
Banker Banking 41,900 SZL
Banking Business Analyst Banking 61,620 SZL
Banking Business Development Officer Banking 38,260 SZL
Banking Business Planning Executive Banking 89,340 SZL
Banking Product Manager Banking 80,920 SZL
Banking Reference Data Manager Banking 66,140 SZL
Banking Risk Analyst Banking 60,920 SZL
Banking Technical Analyst Banking 34,080 SZL
Bankruptcy Coordinator Banking 44,720 SZL
Bill and Account Collector Banking 20,000 SZL
Budget Analyst Banking 61,680 SZL
Capital Risk Manager Banking 110,380 SZL
Cards Marketing Manager Banking 74,940 SZL
Cash Management Manager Banking 105,980 SZL
Check Processing Manager Banking 79,360 SZL
Commercial Vault Associate Banking 60,920 SZL
Corporate Banker Banking 43,260 SZL
Corporate Dealer Banking 60,160 SZL
Credit Analyst Banking 48,160 SZL
Credit and Collections Manager Banking 84,040 SZL
Credit Card Fraud Investigator Banking 62,860 SZL
Credit Portfolio Manager Banking 111,860 SZL
Credit Risk Analyst Banking 72,780 SZL
Credit Risk Associate Banking 66,940 SZL
Direct Bank Sales Representative Banking 44,540 SZL
Exchange Control Consultant Banking 66,140 SZL
Executive Account Analyst Banking 60,920 SZL
Financial Bank Planning Consultant Banking 78,940 SZL
Financial Banking Analysis Manager Banking 94,900 SZL
Financial Banking Assistant Banking 30,220 SZL
Financial Banking Systems Manager Banking 78,260 SZL
Foreign Exchange Manager Banking 87,520 SZL
Fraud Analyst Banking 64,300 SZL
Fraud Detection Associate Banking 44,800 SZL
Fraud Detection Manager Banking 99,080 SZL
Fraud Detection Supervisor Banking 53,860 SZL
Internal Bank Audit Manager Banking 112,280 SZL
Internal Bank Auditor Banking 61,460 SZL
Internal Private Banker Banking 47,760 SZL
International Banking Manager Banking 125,700 SZL
Investment Banking Analyst Banking 90,660 SZL
Loan Analyst Banking 60,600 SZL
Loan Area Manager Banking 74,940 SZL
Loan Audit Team Leader Banking 69,040 SZL
Loan Branch Manager Banking 71,020 SZL
Loan Business Development Officer Banking 38,060 SZL
Loan Clerk Banking 22,540 SZL
Loan Collection and Recovery Manager Banking 76,280 SZL
Loan Collection Manager Banking 75,980 SZL
Loan Collector Banking 18,900 SZL
Loan Examiner Banking 24,200 SZL
Loan Officer Banking 25,220 SZL
Loan Processing Manager Banking 66,020 SZL
Loan Processor Banking 28,820 SZL
Loan Quality Assurance Auditor Banking 60,840 SZL
Loan Quality Assurance Manager Banking 69,580 SZL
Loan Quality Assurance Representative Banking 47,120 SZL
Loan Review Manager Banking 69,040 SZL
Loan Team Leader Banking 61,680 SZL
Loans Manager Banking 78,260 SZL
Mortgage Advisor Banking 43,520 SZL
Mortgage Collection Manager Banking 72,740 SZL
Mortgage Collector Banking 21,400 SZL
Mortgage Credit Analyst Banking 31,380 SZL
Mortgage Credit Manager Banking 65,800 SZL
Mortgage Development Manager Banking 77,620 SZL
Mortgage Document Reviewer Banking 25,160 SZL
Mortgage Funding Manager Banking 78,160 SZL
Mortgage Operations Manager Banking 108,080 SZL
Mortgage Payment Processing Clerk Banking 23,140 SZL
Mortgage Processing Manager Banking 69,540 SZL
Mortgage Processor Banking 27,620 SZL
Mortgage Quality Assurance Auditor Banking 64,040 SZL
Mortgage Quality Assurance Manager Banking 72,260 SZL
Mortgage Servicing Clerk Banking 20,000 SZL
Mortgage Servicing Manager Banking 68,400 SZL
Mortgage Underwriter Banking 25,940 SZL
Online Banking Manager Banking 108,080 SZL
Payment Processing Clerk Banking 22,540 SZL
Personal Banker Banking 42,960 SZL
Personal Banking Advisor Banking 47,120 SZL
Phone Banker Banking 30,800 SZL
Private Banker Banking 47,180 SZL
Reconciliation and Investigation Specialist Banking 47,720 SZL
Tax Officer Banking 35,000 SZL
Teller Banking 19,160 SZL
Trade Officer Banking 24,720 SZL
Trade Product Manager Banking 75,500 SZL
Trader Banking 31,180 SZL
Treasury Operations Officer Banking 50,620 SZL

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