Average Check Processing Manager Salary in Lithuania for 2024

In this article, we will look at the average Check Processing Manager salary for 2024 in Lithuania 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does a Check Processing Manager Make in Lithuania?

A Check Processing Manager working in Lithuania will typically earn around 59,000 EUR per year, and this can range from the lowest average salary of about 26,660 EUR to the highest average salary of 93,140 EUR.

Average Annual Salary
59,000 EUR
Average Monthly Salary
4,916 EUR

Lowest Annual Salary
26,660 EUR
Lowest Monthly Salary
2,221 EUR

Highest Annual Salary
93,140 EUR
Highest Monthly Salary
7,761 EUR

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

Check Processing 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 Check Processing Manager Salaries in Lithuania

So we've looked at the average salaries a Check Processing Manager will earn in Lithuania. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Check Processing Manager can earn between 26,660 EUR and 93,140 EUR on average in Lithuania. 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 Check Processing Manager in Lithuania is 60,600 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 60,600 EUR, and 50% of the population earn more than 60,600 EUR.

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 Check Processing Manager salary in Lithuania, 25% of the population are earning less than 41,980 EUR while 75% of the population earn more than 41,980 EUR.

75% of the population earn less than 81,880 EUR, and 25% of the population earn more than 81,880 EUR.

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.

Check Processing Manager Salary by Experience Level in Lithuania

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 check processing 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 Check Processing Manager in Lithuania that has less than two years of experience can expect to earn somewhere in the region of 31,960 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Check Processing Manager salary would increase to 45,060 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Check Processing Manager, the average salary would be 61,840 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 77,400 EUR.
  • 15 - 20 Years Experience. A Check Processing Manager with 15 to 20 years of experience can earn an average of 79,000 EUR.
  • 20+ Years Experience. For a Check Processing Manager with more than 20 years, the expected average salary increases to 88,580 EUR.

Average Salary by Experience Chart

0-2 Years
31,960 EUR
2-5 Years +38%
45,060 EUR
5-10 Years +42%
61,840 EUR
10-15 Years +22%
77,400 EUR
15-20 Years +6%
79,000 EUR
20+ Years +9%
88,580 EUR

Check Processing Manager Salary by Education Level in Lithuania

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 Check Processing Manager in Lithuania 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 Check Processing Manager in Lithuania with a bachelor's degree education can earn an average salary of 45,060 EUR.

  • Master's Degree. A Check Processing Manager in Lithuania with a master's degree education can earn an average salary of 79,000 EUR.

Average Salary by Education Chart

Bachelor's Degree
45,060 EUR
Master's Degree +83%
79,000 EUR

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 Lithuania is around 16,400 to 49,100 EUR 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.

Check Processing 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 Lithuania, a male check processing manager will earn an average of 58,720 EUR, while a female check processing manager will earn around 58,440 EUR.

This means that a male check processing manager earns approximately 0% more than a female check processing manager for performing the same job.

Average Salary by Gender Chart in Lithuania

Male
58,720 EUR
Female -0%
58,440 EUR

Check Processing Manager Average Pay Raise in Lithuania

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 Check Processing Manager in Lithuania is around 12% every 18 months.

The national average pay raise across all professions and industries in Lithuania is around 8% every 18 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 = ( 12 ÷ 18 ) × 12  = 8%

What this means is that a Check Processing Manager in Lithuania can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Lithuania for 2024

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

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%

Check Processing Manager Bonus and Incentive Rates in Lithuania

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 Check Processing Manager is a high bonus based job, with 81% of employees reporting at least one bonus in the last 12 months.

19% 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
81%
No Bonus
19%

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

Public Sector
42,320 EUR
Private Sector -9%
38,680 EUR

Salaries for Jobs Similar to a Check Processing Manager

In the table below, we have salary information for jobs that are similar to a Check Processing Manager in Lithuania.

Job Title Category Salary
AML Analyst Banking 64,560 EUR
Assistant Bank Branch Manager Banking 51,120 EUR
Assistant Bank Manager Banking 67,020 EUR
ATM Manager Banking 57,320 EUR
ATM Service Technician Banking 17,620 EUR
Bank Accounts Analyst Banking 23,480 EUR
Bank Accounts Collector Banking 11,880 EUR
Bank Accounts Controller Banking 31,540 EUR
Bank Accounts Executive Banking 46,400 EUR
Bank Accounts Manager Banking 51,900 EUR
Bank Auditing Manager Banking 54,460 EUR
Bank Branch Manager Banking 69,040 EUR
Bank Branch Operations Coordinator Banking 32,960 EUR
Bank Clerk Banking 14,200 EUR
Bank Client Service Associate Banking 21,100 EUR
Bank Collector Banking 13,560 EUR
Bank Compliance Specialist Banking 36,020 EUR
Bank Manager Banking 85,880 EUR
Bank Operational Risk Manager Banking 83,100 EUR
Bank Operations Head Banking 80,500 EUR
Bank Operations Officer Banking 33,520 EUR
Bank Operations Specialist Banking 55,220 EUR
Bank Process Manager Banking 46,160 EUR
Bank Product Manager Banking 54,140 EUR
Bank Programme Manager Banking 57,320 EUR
Bank Project Manager Banking 63,040 EUR
Bank Propositions Manager Banking 57,620 EUR
Bank Quantitative Analyst Banking 45,600 EUR
Bank Regional Manager Banking 90,980 EUR
Bank Regional Risk Officer Banking 45,560 EUR
Bank Relationship Manager Banking 60,160 EUR
Bank Relationship Officer Banking 26,100 EUR
Bank Teller Banking 13,100 EUR
Banker Banking 31,660 EUR
Banking Business Analyst Banking 44,540 EUR
Banking Business Development Officer Banking 26,780 EUR
Banking Business Planning Executive Banking 63,700 EUR
Banking Product Manager Banking 55,020 EUR
Banking Reference Data Manager Banking 45,260 EUR
Banking Risk Analyst Banking 45,580 EUR
Banking Technical Analyst Banking 22,540 EUR
Bankruptcy Coordinator Banking 28,860 EUR
Bill and Account Collector Banking 17,020 EUR
Budget Analyst Banking 44,540 EUR
Capital Risk Manager Banking 78,400 EUR
Cards Marketing Manager Banking 58,200 EUR
Cash Management Manager Banking 78,420 EUR
Commercial Vault Associate Banking 40,040 EUR
Corporate Banker Banking 31,180 EUR
Corporate Dealer Banking 43,520 EUR
Credit Analyst Banking 35,560 EUR
Credit and Collections Manager Banking 60,180 EUR
Credit Card Fraud Investigator Banking 45,600 EUR
Credit Portfolio Manager Banking 79,500 EUR
Credit Risk Analyst Banking 49,820 EUR
Credit Risk Associate Banking 46,980 EUR
Direct Bank Sales Representative Banking 32,020 EUR
Exchange Control Consultant Banking 44,780 EUR
Executive Account Analyst Banking 46,400 EUR
Financial Bank Planning Consultant Banking 55,840 EUR
Financial Banking Analysis Manager Banking 67,560 EUR
Financial Banking Assistant Banking 19,940 EUR
Financial Banking Systems Manager Banking 57,320 EUR
Foreign Exchange Manager Banking 61,760 EUR
Fraud Analyst Banking 45,580 EUR
Fraud Detection Associate Banking 32,960 EUR
Fraud Detection Manager Banking 66,140 EUR
Fraud Detection Supervisor Banking 38,620 EUR
Internal Bank Audit Manager Banking 77,100 EUR
Internal Bank Auditor Banking 43,340 EUR
Internal Private Banker Banking 32,900 EUR
International Banking Manager Banking 91,960 EUR
Investment Banking Analyst Banking 60,840 EUR
Loan Analyst Banking 43,760 EUR
Loan Area Manager Banking 53,160 EUR
Loan Audit Team Leader Banking 50,980 EUR
Loan Branch Manager Banking 51,400 EUR
Loan Business Development Officer Banking 24,200 EUR
Loan Clerk Banking 15,580 EUR
Loan Collection and Recovery Manager Banking 55,940 EUR
Loan Collection Manager Banking 52,820 EUR
Loan Collector Banking 12,000 EUR
Loan Examiner Banking 19,360 EUR
Loan Officer Banking 17,540 EUR
Loan Processing Manager Banking 47,580 EUR
Loan Processor Banking 21,020 EUR
Loan Quality Assurance Auditor Banking 44,300 EUR
Loan Quality Assurance Manager Banking 49,700 EUR
Loan Quality Assurance Representative Banking 34,240 EUR
Loan Review Manager Banking 52,540 EUR
Loan Team Leader Banking 44,180 EUR
Loans Manager Banking 58,720 EUR
Mortgage Advisor Banking 28,680 EUR
Mortgage Collection Manager Banking 53,120 EUR
Mortgage Collector Banking 14,660 EUR
Mortgage Credit Analyst Banking 23,400 EUR
Mortgage Credit Manager Banking 47,580 EUR
Mortgage Development Manager Banking 55,580 EUR
Mortgage Document Reviewer Banking 19,480 EUR
Mortgage Funding Manager Banking 59,940 EUR
Mortgage Operations Manager Banking 74,060 EUR
Mortgage Payment Processing Clerk Banking 15,380 EUR
Mortgage Processing Manager Banking 48,640 EUR
Mortgage Processor Banking 19,480 EUR
Mortgage Quality Assurance Auditor Banking 45,560 EUR
Mortgage Quality Assurance Manager Banking 53,120 EUR
Mortgage Servicing Clerk Banking 17,100 EUR
Mortgage Servicing Manager Banking 50,340 EUR
Mortgage Underwriter Banking 18,780 EUR
Online Banking Manager Banking 72,260 EUR
Payment Processing Clerk Banking 14,540 EUR
Personal Banker Banking 30,700 EUR
Personal Banking Advisor Banking 32,620 EUR
Phone Banker Banking 19,060 EUR
Private Banker Banking 33,120 EUR
Reconciliation and Investigation Specialist Banking 33,980 EUR
Tax Officer Banking 26,500 EUR
Teller Banking 14,840 EUR
Trade Officer Banking 18,780 EUR
Trade Product Manager Banking 50,620 EUR
Trader Banking 22,540 EUR
Treasury Operations Officer Banking 39,640 EUR

Salary Comparison by City

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

City Average Salary
Vilnius 59,940 EUR

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