Average Banking Business Development Officer Salary in Nepal for 2024

In this article, we will look at the average Banking Business Development Officer salary for 2024 in Nepal 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 Nepalese rupee. To keep things simple, we are using the NPR currency code instead of the currency symbol โ‚จ.

How Much Does a Banking Business Development Officer Make in Nepal?

A Banking Business Development Officer working in Nepal will typically earn around 663,100 NPR per year, and this can range from the lowest average salary of about 345,100 NPR to the highest average salary of 1,012,100 NPR.

Average Annual Salary
663,100 NPR
Average Monthly Salary
55,258 NPR

Lowest Annual Salary
345,100 NPR
Lowest Monthly Salary
28,758 NPR

Highest Annual Salary
1,012,100 NPR
Highest Monthly Salary
84,341 NPR

These are average salaries for a Banking Business Development Officer in Nepal and include benefits such as housing and transport. It's also possible for a Banking Business Development Officer to earn more or less than the average salaries shown above.

Banking Business Development Officer 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 Banking Business Development Officer Salaries in Nepal

So we've looked at the average salaries a Banking Business Development Officer will earn in Nepal. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Banking Business Development Officer can earn between 345,100 NPR and 1,012,100 NPR on average in Nepal. 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 Banking Business Development Officer in Nepal is 637,500 NPR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 637,500 NPR, and 50% of the population earn more than 637,500 NPR.

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 Banking Business Development Officer salary in Nepal, 25% of the population are earning less than 440,200 NPR while 75% of the population earn more than 440,200 NPR.

75% of the population earn less than 790,600 NPR, and 25% of the population earn more than 790,600 NPR.

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.

Banking Business Development Officer Salary by Experience Level in Nepal

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 banking business development officer 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 Banking Business Development Officer in Nepal that has less than two years of experience can expect to earn somewhere in the region of 390,000 NPR.
  • 2 - 5 Years Experience. With two to five years of experience the average Banking Business Development Officer salary would increase to 524,300 NPR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Banking Business Development Officer, the average salary would be 683,400 NPR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 825,900 NPR.
  • 15 - 20 Years Experience. A Banking Business Development Officer with 15 to 20 years of experience can earn an average of 903,500 NPR.
  • 20+ Years Experience. For a Banking Business Development Officer with more than 20 years, the expected average salary increases to 949,600 NPR.

Average Salary by Experience Chart

0-2 Years
390,000 NPR
2-5 Years +34%
524,300 NPR
5-10 Years +30%
683,400 NPR
10-15 Years +21%
825,900 NPR
15-20 Years +9%
903,500 NPR
20+ Years +5%
949,600 NPR

Banking Business Development Officer Salary by Education Level in Nepal

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 Banking Business Development Officer in Nepal based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. A Banking Business Development Officer in Nepal with a certificate or diploma education can earn an average salary of 464,900 NPR.

  • Bachelor's Degree. A Banking Business Development Officer in Nepal with a bachelor's degree education can earn an average salary of 707,600 NPR.

  • Master's Degree. A Banking Business Development Officer in Nepal with a master's degree education can earn an average salary of 1,000,700 NPR.

Average Salary by Education Chart

Certificate or Diploma
464,900 NPR
Bachelor's Degree +52%
707,600 NPR
Master's Degree +42%
1,000,700 NPR

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 Nepal is around 404,000 to 1,210,000 NPR 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.

Banking Business Development Officer 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 Nepal, a male banking business development officer will earn an average of 694,700 NPR, while a female banking business development officer will earn around 639,900 NPR.

This means that a male banking business development officer earns approximately 9% more than a female banking business development officer for performing the same job.

Average Salary by Gender Chart in Nepal

Male
694,700 NPR
Female -9%
639,900 NPR

Banking Business Development Officer Average Pay Raise in Nepal

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 Banking Business Development Officer in Nepal is around 7% every 28 months.

The national average pay raise across all professions and industries in Nepal 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 = ( 7 ÷ 28 ) × 12  = 3%

What this means is that a Banking Business Development Officer in Nepal can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Nepal for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Banking Business Development Officer Bonus and Incentive Rates in Nepal

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 Banking Business Development Officer is a low bonus based job, with 35% of employees reporting at least one bonus in the last 12 months.

65% 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
35%
No Bonus
65%

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 Nepal earn approximately 11% more than private sector employees in the same role.

Public Sector
1,037,600 NPR
Private Sector -11%
939,000 NPR

Salaries for Jobs Similar to a Banking Business Development Officer

In the table below, we have salary information for jobs that are similar to a Banking Business Development Officer in Nepal.

Job Title Category Salary
AML Analyst Banking 1,464,200 NPR
Assistant Bank Branch Manager Banking 1,333,900 NPR
Assistant Bank Manager Banking 1,741,800 NPR
ATM Manager Banking 1,405,700 NPR
ATM Service Technician Banking 404,600 NPR
Bank Accounts Analyst Banking 547,800 NPR
Bank Accounts Collector Banking 353,600 NPR
Bank Accounts Controller Banking 712,100 NPR
Bank Accounts Executive Banking 1,110,500 NPR
Bank Accounts Manager Banking 1,224,800 NPR
Bank Auditing Manager Banking 1,249,900 NPR
Bank Branch Manager Banking 1,728,900 NPR
Bank Branch Operations Coordinator Banking 791,600 NPR
Bank Clerk Banking 313,700 NPR
Bank Client Service Associate Banking 459,700 NPR
Bank Collector Banking 341,900 NPR
Bank Compliance Specialist Banking 913,400 NPR
Bank Manager Banking 1,955,300 NPR
Bank Operational Risk Manager Banking 1,921,500 NPR
Bank Operations Head Banking 1,990,300 NPR
Bank Operations Officer Banking 829,000 NPR
Bank Operations Specialist Banking 1,283,600 NPR
Bank Process Manager Banking 1,087,500 NPR
Bank Product Manager Banking 1,333,900 NPR
Bank Programme Manager Banking 1,450,700 NPR
Bank Project Manager Banking 1,668,900 NPR
Bank Propositions Manager Banking 1,440,700 NPR
Bank Quantitative Analyst Banking 999,500 NPR
Bank Regional Manager Banking 2,052,200 NPR
Bank Regional Risk Officer Banking 1,019,200 NPR
Bank Relationship Manager Banking 1,583,700 NPR
Bank Relationship Officer Banking 704,300 NPR
Bank Teller Banking 341,900 NPR
Banker Banking 695,400 NPR
Banking Business Analyst Banking 1,069,800 NPR
Banking Business Planning Executive Banking 1,450,700 NPR
Banking Product Manager Banking 1,259,300 NPR
Banking Reference Data Manager Banking 1,142,900 NPR
Banking Risk Analyst Banking 998,400 NPR
Banking Technical Analyst Banking 556,000 NPR
Bankruptcy Coordinator Banking 725,700 NPR
Bill and Account Collector Banking 367,900 NPR
Budget Analyst Banking 1,041,900 NPR
Capital Risk Manager Banking 2,052,200 NPR
Cards Marketing Manager Banking 1,296,900 NPR
Cash Management Manager Banking 1,765,300 NPR
Check Processing Manager Banking 1,369,700 NPR
Commercial Vault Associate Banking 1,053,900 NPR
Corporate Banker Banking 727,400 NPR
Corporate Dealer Banking 1,109,600 NPR
Credit Analyst Banking 783,800 NPR
Credit and Collections Manager Banking 1,440,700 NPR
Credit Card Fraud Investigator Banking 1,045,100 NPR
Credit Portfolio Manager Banking 2,003,200 NPR
Credit Risk Analyst Banking 1,179,800 NPR
Credit Risk Associate Banking 1,134,100 NPR
Direct Bank Sales Representative Banking 757,300 NPR
Exchange Control Consultant Banking 1,085,600 NPR
Executive Account Analyst Banking 1,069,800 NPR
Financial Bank Planning Consultant Banking 1,296,900 NPR
Financial Banking Analysis Manager Banking 1,570,900 NPR
Financial Banking Assistant Banking 485,300 NPR
Financial Banking Systems Manager Banking 1,464,200 NPR
Foreign Exchange Manager Banking 1,487,200 NPR
Fraud Analyst Banking 1,084,200 NPR
Fraud Detection Associate Banking 773,400 NPR
Fraud Detection Manager Banking 1,678,300 NPR
Fraud Detection Supervisor Banking 889,400 NPR
Internal Bank Audit Manager Banking 1,858,200 NPR
Internal Bank Auditor Banking 1,041,900 NPR
Internal Private Banker Banking 790,600 NPR
International Banking Manager Banking 2,100,900 NPR
Investment Banking Analyst Banking 1,537,500 NPR
Loan Analyst Banking 1,051,400 NPR
Loan Area Manager Banking 1,224,800 NPR
Loan Audit Team Leader Banking 1,147,600 NPR
Loan Branch Manager Banking 1,196,300 NPR
Loan Business Development Officer Banking 614,600 NPR
Loan Clerk Banking 378,300 NPR
Loan Collection and Recovery Manager Banking 1,283,600 NPR
Loan Collection Manager Banking 1,212,800 NPR
Loan Collector Banking 332,500 NPR
Loan Examiner Banking 466,900 NPR
Loan Officer Banking 392,300 NPR
Loan Processing Manager Banking 1,098,200 NPR
Loan Processor Banking 483,400 NPR
Loan Quality Assurance Auditor Banking 1,032,800 NPR
Loan Quality Assurance Manager Banking 1,212,800 NPR
Loan Quality Assurance Representative Banking 767,500 NPR
Loan Review Manager Banking 1,224,800 NPR
Loan Team Leader Banking 1,037,600 NPR
Loans Manager Banking 1,380,400 NPR
Mortgage Advisor Banking 748,600 NPR
Mortgage Collection Manager Banking 1,198,300 NPR
Mortgage Collector Banking 353,600 NPR
Mortgage Credit Analyst Banking 548,800 NPR
Mortgage Credit Manager Banking 1,212,800 NPR
Mortgage Development Manager Banking 1,320,500 NPR
Mortgage Document Reviewer Banking 472,100 NPR
Mortgage Funding Manager Banking 1,345,400 NPR
Mortgage Operations Manager Banking 1,896,700 NPR
Mortgage Payment Processing Clerk Banking 396,300 NPR
Mortgage Processing Manager Banking 1,249,900 NPR
Mortgage Processor Banking 464,900 NPR
Mortgage Quality Assurance Auditor Banking 1,079,600 NPR
Mortgage Quality Assurance Manager Banking 1,181,200 NPR
Mortgage Servicing Clerk Banking 378,800 NPR
Mortgage Servicing Manager Banking 1,144,400 NPR
Mortgage Underwriter Banking 464,400 NPR
Online Banking Manager Banking 1,870,400 NPR
Payment Processing Clerk Banking 365,400 NPR
Personal Banker Banking 748,600 NPR
Personal Banking Advisor Banking 783,800 NPR
Phone Banker Banking 491,000 NPR
Private Banker Banking 780,600 NPR
Reconciliation and Investigation Specialist Banking 896,700 NPR
Tax Officer Banking 619,000 NPR
Teller Banking 351,900 NPR
Trade Officer Banking 425,100 NPR
Trade Product Manager Banking 1,283,600 NPR
Trader Banking 510,200 NPR
Treasury Operations Officer Banking 938,100 NPR

Salary Comparison by City

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

City Average Salary
Kathmandu 714,300 NPR
Pokhara 663,200 NPR

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