Average Bank Regional Manager Salary in Bosnia and Herzegovina for 2024

In this article, we will look at the average Bank Regional Manager salary for 2024 in Bosnia and Herzegovina 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 Bosnia and Herzegovina convertible mark. To keep things simple, we are using the BAM currency code instead of the currency symbol .

How Much Does a Bank Regional Manager Make in Bosnia and Herzegovina?

A Bank Regional Manager working in Bosnia and Herzegovina will typically earn around 62,100 BAM per year, and this can range from the lowest average salary of about 26,400 BAM to the highest average salary of 96,520 BAM.

Average Annual Salary
62,100 BAM
Average Monthly Salary
5,175 BAM

Lowest Annual Salary
26,400 BAM
Lowest Monthly Salary
2,200 BAM

Highest Annual Salary
96,520 BAM
Highest Monthly Salary
8,043 BAM

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

Bank Regional 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 Regional Manager Salaries in Bosnia and Herzegovina

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

Salary ranges

We already know that a Bank Regional Manager can earn between 26,400 BAM and 96,520 BAM on average in Bosnia and Herzegovina. 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 Regional Manager in Bosnia and Herzegovina is 64,620 BAM. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 64,620 BAM, and 50% of the population earn more than 64,620 BAM.

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 Regional Manager salary in Bosnia and Herzegovina, 25% of the population are earning less than 43,360 BAM while 75% of the population earn more than 43,360 BAM.

75% of the population earn less than 89,800 BAM, and 25% of the population earn more than 89,800 BAM.

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 Regional Manager Salary by Experience Level in Bosnia and Herzegovina

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 regional 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 Regional Manager in Bosnia and Herzegovina that has less than two years of experience can expect to earn somewhere in the region of 33,120 BAM.
  • 2 - 5 Years Experience. With two to five years of experience the average Bank Regional Manager salary would increase to 43,220 BAM.
  • 5 - 10 Years Experience. From five to ten years of experience as a Bank Regional Manager, the average salary would be 63,320 BAM.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 78,420 BAM.
  • 15 - 20 Years Experience. A Bank Regional Manager with 15 to 20 years of experience can earn an average of 85,080 BAM.
  • 20+ Years Experience. For a Bank Regional Manager with more than 20 years, the expected average salary increases to 91,520 BAM.

Average Salary by Experience Chart

0-2 Years
33,120 BAM
2-5 Years +34%
43,220 BAM
5-10 Years +48%
63,320 BAM
10-15 Years +22%
78,420 BAM
15-20 Years +9%
85,080 BAM
20+ Years +8%
91,520 BAM

Bank Regional Manager Salary by Education Level in Bosnia and Herzegovina

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 Regional Manager in Bosnia and Herzegovina 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 Regional Manager in Bosnia and Herzegovina with a bachelor's degree education can earn an average salary of 36,700 BAM.

  • Master's Degree. A Bank Regional Manager in Bosnia and Herzegovina with a master's degree education can earn an average salary of 71,660 BAM.

Average Salary by Education Chart

Bachelor's Degree
36,700 BAM
Master's Degree +93%
71,660 BAM

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 Bosnia and Herzegovina is around 11,500 to 34,500 BAM 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 Regional 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 Bosnia and Herzegovina, a male bank regional manager will earn an average of 66,020 BAM, while a female bank regional manager will earn around 59,480 BAM.

This means that a male bank regional manager earns approximately 11% more than a female bank regional manager for performing the same job.

Average Salary by Gender Chart in Bosnia and Herzegovina

Male
66,020 BAM
Female -11%
59,480 BAM

Bank Regional Manager Average Pay Raise in Bosnia and Herzegovina

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 Regional Manager in Bosnia and Herzegovina is around 9% every 30 months.

The national average pay raise across all professions and industries in Bosnia and Herzegovina is around 4% every 29 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 ÷ 30 ) × 12  = 4%

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

Annual Pay Raise by Industry in Bosnia and Herzegovina for 2024

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

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 Regional Manager Bonus and Incentive Rates in Bosnia and Herzegovina

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 Regional Manager is a moderate bonus based job, with 69% of employees reporting at least one bonus in the last 12 months.

31% 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
69%
No Bonus
31%

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 Bosnia and Herzegovina earn approximately 27% more than private sector employees in the same role.

Public Sector
31,400 BAM
Private Sector -27%
24,800 BAM

Salaries for Jobs Similar to a Bank Regional Manager

In the table below, we have salary information for jobs that are similar to a Bank Regional Manager in Bosnia and Herzegovina.

Job Title Category Salary
AML Analyst Banking 45,060 BAM
Assistant Bank Branch Manager Banking 38,140 BAM
Assistant Bank Manager Banking 49,200 BAM
ATM Manager Banking 38,700 BAM
ATM Service Technician Banking 12,760 BAM
Bank Accounts Analyst Banking 17,540 BAM
Bank Accounts Collector Banking 12,020 BAM
Bank Accounts Controller Banking 21,540 BAM
Bank Accounts Executive Banking 31,080 BAM
Bank Accounts Manager Banking 35,260 BAM
Bank Auditing Manager Banking 36,580 BAM
Bank Branch Manager Banking 48,640 BAM
Bank Branch Operations Coordinator Banking 19,940 BAM
Bank Clerk Banking 9,440 BAM
Bank Client Service Associate Banking 14,540 BAM
Bank Collector Banking 7,820 BAM
Bank Compliance Specialist Banking 27,040 BAM
Bank Manager Banking 57,820 BAM
Bank Operational Risk Manager Banking 59,000 BAM
Bank Operations Head Banking 57,800 BAM
Bank Operations Officer Banking 22,540 BAM
Bank Operations Specialist Banking 38,680 BAM
Bank Process Manager Banking 33,520 BAM
Bank Product Manager Banking 37,380 BAM
Bank Programme Manager Banking 41,700 BAM
Bank Project Manager Banking 49,700 BAM
Bank Propositions Manager Banking 42,400 BAM
Bank Quantitative Analyst Banking 27,480 BAM
Bank Regional Risk Officer Banking 31,340 BAM
Bank Relationship Manager Banking 47,180 BAM
Bank Relationship Officer Banking 21,100 BAM
Bank Teller Banking 9,960 BAM
Banker Banking 21,020 BAM
Banking Business Analyst Banking 29,600 BAM
Banking Business Development Officer Banking 17,740 BAM
Banking Business Planning Executive Banking 46,400 BAM
Banking Product Manager Banking 38,060 BAM
Banking Reference Data Manager Banking 34,080 BAM
Banking Risk Analyst Banking 32,020 BAM
Banking Technical Analyst Banking 16,880 BAM
Bankruptcy Coordinator Banking 21,020 BAM
Bill and Account Collector Banking 9,740 BAM
Budget Analyst Banking 29,600 BAM
Capital Risk Manager Banking 61,180 BAM
Cards Marketing Manager Banking 39,080 BAM
Cash Management Manager Banking 55,140 BAM
Check Processing Manager Banking 42,460 BAM
Commercial Vault Associate Banking 31,400 BAM
Corporate Banker Banking 22,420 BAM
Corporate Dealer Banking 33,120 BAM
Credit Analyst Banking 23,140 BAM
Credit and Collections Manager Banking 44,800 BAM
Credit Card Fraud Investigator Banking 30,220 BAM
Credit Portfolio Manager Banking 55,580 BAM
Credit Risk Analyst Banking 35,000 BAM
Credit Risk Associate Banking 31,180 BAM
Direct Bank Sales Representative Banking 23,520 BAM
Exchange Control Consultant Banking 35,560 BAM
Executive Account Analyst Banking 31,340 BAM
Financial Bank Planning Consultant Banking 39,560 BAM
Financial Banking Analysis Manager Banking 45,720 BAM
Financial Banking Assistant Banking 12,580 BAM
Financial Banking Systems Manager Banking 40,600 BAM
Foreign Exchange Manager Banking 45,000 BAM
Fraud Analyst Banking 31,980 BAM
Fraud Detection Associate Banking 21,640 BAM
Fraud Detection Manager Banking 46,040 BAM
Fraud Detection Supervisor Banking 27,300 BAM
Internal Bank Audit Manager Banking 59,480 BAM
Internal Bank Auditor Banking 27,480 BAM
Internal Private Banker Banking 23,500 BAM
International Banking Manager Banking 63,700 BAM
Investment Banking Analyst Banking 45,560 BAM
Loan Analyst Banking 29,160 BAM
Loan Area Manager Banking 38,260 BAM
Loan Audit Team Leader Banking 34,960 BAM
Loan Branch Manager Banking 34,360 BAM
Loan Business Development Officer Banking 18,940 BAM
Loan Clerk Banking 9,960 BAM
Loan Collection and Recovery Manager Banking 36,700 BAM
Loan Collection Manager Banking 38,140 BAM
Loan Collector Banking 8,100 BAM
Loan Examiner Banking 13,900 BAM
Loan Officer Banking 11,040 BAM
Loan Processing Manager Banking 34,160 BAM
Loan Processor Banking 12,580 BAM
Loan Quality Assurance Auditor Banking 28,680 BAM
Loan Quality Assurance Manager Banking 35,300 BAM
Loan Quality Assurance Representative Banking 23,500 BAM
Loan Review Manager Banking 37,740 BAM
Loan Team Leader Banking 32,020 BAM
Loans Manager Banking 42,400 BAM
Mortgage Advisor Banking 21,640 BAM
Mortgage Collection Manager Banking 38,140 BAM
Mortgage Collector Banking 9,960 BAM
Mortgage Credit Analyst Banking 15,760 BAM
Mortgage Credit Manager Banking 34,960 BAM
Mortgage Development Manager Banking 38,780 BAM
Mortgage Document Reviewer Banking 13,540 BAM
Mortgage Funding Manager Banking 40,240 BAM
Mortgage Operations Manager Banking 53,160 BAM
Mortgage Payment Processing Clerk Banking 11,040 BAM
Mortgage Processing Manager Banking 35,340 BAM
Mortgage Processor Banking 14,200 BAM
Mortgage Quality Assurance Auditor Banking 31,540 BAM
Mortgage Quality Assurance Manager Banking 35,300 BAM
Mortgage Servicing Clerk Banking 12,020 BAM
Mortgage Servicing Manager Banking 32,420 BAM
Mortgage Underwriter Banking 14,620 BAM
Online Banking Manager Banking 52,880 BAM
Payment Processing Clerk Banking 10,000 BAM
Personal Banker Banking 20,760 BAM
Personal Banking Advisor Banking 20,760 BAM
Phone Banker Banking 17,260 BAM
Private Banker Banking 20,000 BAM
Reconciliation and Investigation Specialist Banking 24,200 BAM
Tax Officer Banking 20,300 BAM
Teller Banking 9,460 BAM
Trade Officer Banking 13,900 BAM
Trade Product Manager Banking 34,360 BAM
Trader Banking 17,020 BAM
Treasury Operations Officer Banking 25,440 BAM

Salary Comparison by City

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

City Average Salary
Banja Luka 64,300 BAM
Medjugorje 57,080 BAM
Mostar 56,460 BAM
Sarajevo 66,440 BAM
Tuzla 60,160 BAM
Zenica 56,460 BAM

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