Average Bank Programme Manager Salary in South Korea for 2024

In this article, we will look at the average Bank Programme Manager salary for 2024 in South Korea 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 South Korean won. To keep things simple, we are using the KRW currency code instead of the currency symbol โ‚ฉ.

How Much Does a Bank Programme Manager Make in South Korea?

A Bank Programme Manager working in South Korea will typically earn around 70,679,800 KRW per year, and this can range from the lowest average salary of about 36,718,100 KRW to the highest average salary of 108,119,100 KRW.

Average Annual Salary
70,679,800 KRW
Average Monthly Salary
5,889,983 KRW

Lowest Annual Salary
36,718,100 KRW
Lowest Monthly Salary
3,059,841 KRW

Highest Annual Salary
108,119,100 KRW
Highest Monthly Salary
9,009,925 KRW

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

Bank Programme 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 Programme Manager Salaries in South Korea

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

Salary ranges

We already know that a Bank Programme Manager can earn between 36,718,100 KRW and 108,119,100 KRW on average in South Korea. 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 Programme Manager in South Korea is 67,798,800 KRW. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 67,798,800 KRW, and 50% of the population earn more than 67,798,800 KRW.

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 Programme Manager salary in South Korea, 25% of the population are earning less than 47,038,300 KRW while 75% of the population earn more than 47,038,300 KRW.

75% of the population earn less than 84,479,000 KRW, and 25% of the population earn more than 84,479,000 KRW.

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 Programme Manager Salary by Experience Level in South Korea

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 programme 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 Programme Manager in South Korea that has less than two years of experience can expect to earn somewhere in the region of 41,761,800 KRW.
  • 2 - 5 Years Experience. With two to five years of experience the average Bank Programme Manager salary would increase to 56,041,700 KRW.
  • 5 - 10 Years Experience. From five to ten years of experience as a Bank Programme Manager, the average salary would be 72,718,100 KRW.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 88,081,100 KRW.
  • 15 - 20 Years Experience. A Bank Programme Manager with 15 to 20 years of experience can earn an average of 96,358,400 KRW.
  • 20+ Years Experience. For a Bank Programme Manager with more than 20 years, the expected average salary increases to 101,281,000 KRW.

Average Salary by Experience Chart

0-2 Years
41,761,800 KRW
2-5 Years +34%
56,041,700 KRW
5-10 Years +30%
72,718,100 KRW
10-15 Years +21%
88,081,100 KRW
15-20 Years +9%
96,358,400 KRW
20+ Years +5%
101,281,000 KRW

Bank Programme Manager Salary by Education Level in South Korea

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 Programme Manager in South Korea 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 Programme Manager in South Korea with a bachelor's degree education can earn an average salary of 58,798,900 KRW.

  • Master's Degree. A Bank Programme Manager in South Korea with a master's degree education can earn an average salary of 81,719,100 KRW.

Average Salary by Education Chart

Bachelor's Degree
58,798,900 KRW
Master's Degree +39%
81,719,100 KRW

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 South Korea is around 19,400,000 to 58,300,000 KRW 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 Programme 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 South Korea, a male bank programme manager will earn an average of 72,840,900 KRW, while a female bank programme manager will earn around 68,760,500 KRW.

This means that a male bank programme manager earns approximately 6% more than a female bank programme manager for performing the same job.

Average Salary by Gender Chart in South Korea

Male
72,840,900 KRW
Female -6%
68,760,500 KRW

Bank Programme Manager Average Pay Raise in South Korea

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 Programme Manager in South Korea is around 13% every 16 months.

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

What this means is that a Bank Programme Manager in South Korea can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in South Korea for 2024

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

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

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Bank Programme Manager Bonus and Incentive Rates in South Korea

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 Programme Manager is a high bonus based job, with 79% of employees reporting at least one bonus in the last 12 months.

21% 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 6% to 8%.

Received Bonus
79%
No Bonus
21%

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 South Korea earn approximately 6% more than private sector employees in the same role.

Public Sector
47,880,300 KRW
Private Sector -6%
45,239,100 KRW

Salaries for Jobs Similar to a Bank Programme Manager

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

Job Title Category Salary
AML Analyst Banking 75,959,500 KRW
Assistant Bank Branch Manager Banking 64,801,300 KRW
Assistant Bank Manager Banking 86,641,400 KRW
ATM Manager Banking 67,200,800 KRW
ATM Service Technician Banking 18,720,200 KRW
Bank Accounts Analyst Banking 29,278,200 KRW
Bank Accounts Collector Banking 17,278,100 KRW
Bank Accounts Controller Banking 35,878,200 KRW
Bank Accounts Executive Banking 53,879,800 KRW
Bank Accounts Manager Banking 63,360,300 KRW
Bank Auditing Manager Banking 61,441,300 KRW
Bank Branch Manager Banking 87,118,500 KRW
Bank Branch Operations Coordinator Banking 38,521,100 KRW
Bank Clerk Banking 16,679,800 KRW
Bank Client Service Associate Banking 22,321,900 KRW
Bank Collector Banking 16,439,200 KRW
Bank Compliance Specialist Banking 46,319,900 KRW
Bank Manager Banking 102,359,100 KRW
Bank Operational Risk Manager Banking 100,439,300 KRW
Bank Operations Head Banking 101,759,700 KRW
Bank Operations Officer Banking 42,000,700 KRW
Bank Operations Specialist Banking 64,920,700 KRW
Bank Process Manager Banking 57,961,400 KRW
Bank Product Manager Banking 65,641,400 KRW
Bank Project Manager Banking 81,359,100 KRW
Bank Propositions Manager Banking 71,400,600 KRW
Bank Quantitative Analyst Banking 48,721,100 KRW
Bank Regional Manager Banking 103,681,100 KRW
Bank Regional Risk Officer Banking 55,081,300 KRW
Bank Relationship Manager Banking 77,041,100 KRW
Bank Relationship Officer Banking 34,198,600 KRW
Bank Teller Banking 17,640,500 KRW
Banker Banking 34,561,900 KRW
Banking Business Analyst Banking 53,521,300 KRW
Banking Business Development Officer Banking 31,919,300 KRW
Banking Business Planning Executive Banking 74,879,200 KRW
Banking Product Manager Banking 65,759,500 KRW
Banking Reference Data Manager Banking 54,840,400 KRW
Banking Risk Analyst Banking 54,719,600 KRW
Banking Technical Analyst Banking 29,161,000 KRW
Bankruptcy Coordinator Banking 39,119,300 KRW
Bill and Account Collector Banking 18,121,700 KRW
Budget Analyst Banking 54,118,500 KRW
Capital Risk Manager Banking 100,081,100 KRW
Cards Marketing Manager Banking 69,001,000 KRW
Cash Management Manager Banking 90,479,600 KRW
Check Processing Manager Banking 67,798,800 KRW
Commercial Vault Associate Banking 53,879,800 KRW
Corporate Banker Banking 37,318,700 KRW
Corporate Dealer Banking 56,520,500 KRW
Credit Analyst Banking 42,479,000 KRW
Credit and Collections Manager Banking 74,758,600 KRW
Credit Card Fraud Investigator Banking 52,558,300 KRW
Credit Portfolio Manager Banking 103,201,100 KRW
Credit Risk Analyst Banking 60,361,600 KRW
Credit Risk Associate Banking 58,319,900 KRW
Direct Bank Sales Representative Banking 36,601,600 KRW
Exchange Control Consultant Banking 53,398,300 KRW
Executive Account Analyst Banking 52,438,500 KRW
Financial Bank Planning Consultant Banking 69,959,300 KRW
Financial Banking Analysis Manager Banking 78,121,700 KRW
Financial Banking Assistant Banking 25,679,100 KRW
Financial Banking Systems Manager Banking 74,279,700 KRW
Foreign Exchange Manager Banking 80,640,500 KRW
Fraud Analyst Banking 53,879,800 KRW
Fraud Detection Associate Banking 36,601,600 KRW
Fraud Detection Manager Banking 78,598,500 KRW
Fraud Detection Supervisor Banking 44,878,500 KRW
Internal Bank Audit Manager Banking 96,358,400 KRW
Internal Bank Auditor Banking 51,959,300 KRW
Internal Private Banker Banking 36,960,300 KRW
International Banking Manager Banking 111,241,200 KRW
Investment Banking Analyst Banking 74,518,900 KRW
Loan Analyst Banking 50,158,700 KRW
Loan Area Manager Banking 67,200,800 KRW
Loan Audit Team Leader Banking 62,879,900 KRW
Loan Branch Manager Banking 57,118,900 KRW
Loan Business Development Officer Banking 31,320,700 KRW
Loan Clerk Banking 18,479,600 KRW
Loan Collection and Recovery Manager Banking 64,560,300 KRW
Loan Collection Manager Banking 63,599,700 KRW
Loan Collector Banking 17,879,000 KRW
Loan Examiner Banking 24,119,700 KRW
Loan Officer Banking 19,321,100 KRW
Loan Processing Manager Banking 54,600,600 KRW
Loan Processor Banking 23,159,200 KRW
Loan Quality Assurance Auditor Banking 52,800,100 KRW
Loan Quality Assurance Manager Banking 59,518,100 KRW
Loan Quality Assurance Representative Banking 40,199,100 KRW
Loan Review Manager Banking 61,561,100 KRW
Loan Team Leader Banking 55,801,900 KRW
Loans Manager Banking 73,558,300 KRW
Mortgage Advisor Banking 35,159,900 KRW
Mortgage Collection Manager Banking 60,239,600 KRW
Mortgage Collector Banking 17,039,100 KRW
Mortgage Credit Analyst Banking 28,078,900 KRW
Mortgage Credit Manager Banking 59,878,400 KRW
Mortgage Development Manager Banking 69,599,200 KRW
Mortgage Document Reviewer Banking 24,000,900 KRW
Mortgage Funding Manager Banking 65,401,000 KRW
Mortgage Operations Manager Banking 93,838,400 KRW
Mortgage Payment Processing Clerk Banking 20,999,200 KRW
Mortgage Processing Manager Banking 58,680,100 KRW
Mortgage Processor Banking 23,399,000 KRW
Mortgage Quality Assurance Auditor Banking 49,801,000 KRW
Mortgage Quality Assurance Manager Banking 57,841,700 KRW
Mortgage Servicing Clerk Banking 18,359,600 KRW
Mortgage Servicing Manager Banking 59,040,700 KRW
Mortgage Underwriter Banking 21,961,700 KRW
Online Banking Manager Banking 95,880,900 KRW
Payment Processing Clerk Banking 17,879,000 KRW
Personal Banker Banking 38,039,000 KRW
Personal Banking Advisor Banking 37,919,200 KRW
Phone Banker Banking 25,440,400 KRW
Private Banker Banking 37,078,800 KRW
Reconciliation and Investigation Specialist Banking 42,479,000 KRW
Tax Officer Banking 33,001,000 KRW
Teller Banking 18,239,400 KRW
Trade Officer Banking 22,441,700 KRW
Trade Product Manager Banking 59,040,700 KRW
Trader Banking 25,079,200 KRW
Treasury Operations Officer Banking 45,119,800 KRW

Salary Comparison by City

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

City Average Salary
Bucheon 59,999,100 KRW
Busan 73,319,100 KRW
Daegu 70,318,900 KRW
Daejeon 68,760,500 KRW
Goyang 62,760,700 KRW
Gwangju 67,321,200 KRW
Incheon 71,761,200 KRW
Seongnam 61,678,300 KRW
Seoul 74,758,600 KRW
Suweon 65,878,200 KRW
Ulsan 64,198,300 KRW

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