Average Commercial Vault Associate Salary in Montreal, Canada for 2026

In this article, we will look at the average Commercial Vault Associate salary for 2026 in Montreal 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 Canadian dollar. To keep things simple, we are using the CAD currency code instead of the currency symbol $.

How Much Does a Commercial Vault Associate Make in Montreal?

A Commercial Vault Associate working in Montreal will typically earn around 142,300 CAD per year, and this can range from the lowest average salary of about 73,100 CAD to the highest average salary of 222,300 CAD.

Average Annual Salary142,300 CAD
Average Monthly Salary11,858 CAD
Average Lowest Salary73,100 CAD
Lowest Monthly Salary6,091 CAD
Average Highest Salary222,300 CAD
Highest Monthly Salary18,525 CAD

These are average salaries for a Commercial Vault Associate in Montreal and include benefits such as housing and transport. It's also possible for a Commercial Vault Associate to earn more or less than the average salaries shown above.

Commercial Vault Associate 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 Commercial Vault Associate Salaries in Montreal

So we've looked at the average salaries a Commercial Vault Associate will earn in Montreal. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Commercial Vault Associate can earn between 73,100 CAD and 222,300 CAD on average in Montreal. 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 Commercial Vault Associate in Montreal is 142,300 CAD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 142,300 CAD, and 50% of the population earn more than 142,300 CAD.

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 Commercial Vault Associate salary in Montreal, 25% of the population are earning less than 97,400 CAD while 75% of the population earn more than 97,400 CAD.

75% of the population earn less than 184,700 CAD, and 25% of the population earn more than 184,700 CAD.

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.

Commercial Vault Associate Salary by Experience Level in Montreal

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 Commercial Vault Associate 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 Commercial Vault Associate in Montreal that has less than two years of experience can expect to earn somewhere in the region of 87,500 CAD.
  • 2 - 5 Years Experience. With two to five years of experience the average Commercial Vault Associate salary would increase to 114,900 CAD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Commercial Vault Associate, the average salary would be 153,800 CAD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 183,900 CAD.
  • 15 - 20 Years Experience. A Commercial Vault Associate with 15 to 20 years of experience can earn an average of 195,200 CAD.
  • 20+ Years Experience. For a Commercial Vault Associate with more than 20 years, the expected average salary increases to 209,700 CAD.

Average Salary by Experience Chart

0-2 Years-
87,500 CAD
2-5 Years+32%
114,900 CAD
5-10 Years+34%
153,800 CAD
10-15 Years+19%
183,900 CAD
15-20 Years+8%
195,200 CAD
20+ Years+7%
209,700 CAD

Commercial Vault Associate Salary by Education Level in Montreal

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 Commercial Vault Associate in Montreal 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 Commercial Vault Associate in Montreal with a bachelor's degree education can earn an average salary of 124,500 CAD.
  • Master's Degree. A Commercial Vault Associate in Montreal with a master's degree education can earn an average salary of 193,400 CAD.

Average Salary by Education Chart

Bachelor's Degree-
124,500 CAD
Master's Degree+58%
193,400 CAD

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 Canada is around 49,800 to 149,000 CAD 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.

Commercial Vault Associate 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 Montreal, a male commercial vault associate will earn an average of 139,100 CAD, while a female commercial vault associate will earn around 130,400 CAD.

This means that a male commercial vault associate earns approximately 7% more than a female commercial vault associate for performing the same job.

Average Salary by Gender Chart in Montreal

Male-
139,100 CAD
Female-7%
130,400 CAD

Commercial Vault Associate Average Pay Raise in Montreal

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 Commercial Vault Associate in Montreal is around 13% every 14 months.

The national average pay raise across all professions and industries in Canada is around 9% every 15 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 ÷ 14 ) × 12  = 11%

What this means is that a Commercial Vault Associate in Montreal can expect to receive an average pay raise of around 11% every 12 months.

Annual Pay Raise by Industry in Montreal for 2026

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

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

Banking-
2%
Energy-
4%
Information Technology-
6%
Healthcare-
8%
Travel-
1%
Construction-
3%
Education-
5%

Commercial Vault Associate Bonus and Incentive Rates in Montreal

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 Commercial Vault Associate 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 0% to 4%.

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

Public Sector-
123,000 CAD
Private Sector-6%
115,600 CAD

Salaries for Jobs Similar to a Commercial Vault Associate

In the table below, we have salary information for jobs that are similar to a Commercial Vault Associate in Montreal.

Job TitleCategorySalary
AML AnalystBanking185,900 CAD
ATM ManagerBanking172,200 CAD
ATM Service TechnicianBanking50,300 CAD
Assistant Bank Branch ManagerBanking152,700 CAD
Assistant Bank ManagerBanking216,600 CAD
Bank Accounts AnalystBanking71,800 CAD
Bank Accounts CollectorBanking44,800 CAD
Bank Accounts ControllerBanking94,300 CAD
Bank Accounts ExecutiveBanking128,400 CAD
Bank Accounts ManagerBanking157,600 CAD
Bank Auditing ManagerBanking151,800 CAD
Bank Branch ManagerBanking223,700 CAD
Bank Branch Operations CoordinatorBanking91,600 CAD
Bank ClerkBanking41,000 CAD
Bank Client Service AssociateBanking54,600 CAD
Bank CollectorBanking42,800 CAD
Bank Compliance SpecialistBanking117,100 CAD
Bank ManagerBanking245,600 CAD
Bank Operational Risk ManagerBanking241,000 CAD
Bank Operations HeadBanking255,000 CAD
Bank Operations OfficerBanking103,600 CAD
Bank Operations SpecialistBanking158,700 CAD
Bank Process ManagerBanking146,900 CAD
Bank Product Manager Banking168,700 CAD
Bank Programme ManagerBanking167,100 CAD
Bank Project ManagerBanking204,900 CAD
Bank Propositions ManagerBanking182,400 CAD
Bank Quantitative AnalystBanking121,800 CAD
Bank Regional ManagerBanking252,500 CAD
Bank Regional Risk OfficerBanking128,400 CAD
Bank Relationship ManagerBanking191,100 CAD
Bank Relationship OfficerBanking87,700 CAD
Bank TellerBanking45,000 CAD
BankerBanking92,900 CAD
Banking Business AnalystBanking134,100 CAD
Banking Business Development OfficerBanking80,500 CAD
Banking Business Planning ExecutiveBanking193,200 CAD
Banking Product ManagerBanking158,700 CAD
Banking Reference Data ManagerBanking140,200 CAD
Banking Risk AnalystBanking132,000 CAD
Banking Technical AnalystBanking71,700 CAD
Bankruptcy CoordinatorBanking99,600 CAD
Bill and Account CollectorBanking46,100 CAD
Budget AnalystBanking130,400 CAD
Capital Risk ManagerBanking250,600 CAD
Cards Marketing ManagerBanking167,100 CAD
Cash Management ManagerBanking235,300 CAD
Check Processing ManagerBanking163,800 CAD
Corporate BankerBanking97,400 CAD
Corporate DealerBanking142,300 CAD
Credit AnalystBanking99,700 CAD
Credit Card Fraud InvestigatorBanking128,400 CAD
Credit Portfolio ManagerBanking241,000 CAD
Credit Risk AnalystBanking142,300 CAD
Credit Risk AssociateBanking139,100 CAD
Credit and Collections ManagerBanking182,400 CAD
Direct Bank Sales RepresentativeBanking94,300 CAD
Exchange Control ConsultantBanking139,100 CAD
Executive Account AnalystBanking128,400 CAD
Financial Bank Planning ConsultantBanking163,800 CAD
Financial Banking Analysis ManagerBanking189,800 CAD
Financial Banking AssistantBanking63,900 CAD
Financial Banking Systems ManagerBanking189,800 CAD
Foreign Exchange ManagerBanking187,500 CAD
Fraud AnalystBanking142,300 CAD
Fraud Detection AssociateBanking95,900 CAD
Fraud Detection ManagerBanking201,000 CAD
Fraud Detection SupervisorBanking108,200 CAD
Internal Bank Audit ManagerBanking247,400 CAD
Internal Bank AuditorBanking125,400 CAD
Internal Private BankerBanking92,400 CAD
International Banking ManagerBanking274,000 CAD
Investment Banking AnalystBanking187,500 CAD
Loan AnalystBanking125,400 CAD
Loan Area ManagerBanking164,100 CAD
Loan Audit Team LeaderBanking153,800 CAD
Loan Branch ManagerBanking140,200 CAD
Loan Business Development OfficerBanking79,600 CAD
Loan ClerkBanking46,700 CAD
Loan Collection ManagerBanking152,900 CAD
Loan Collection and Recovery ManagerBanking158,700 CAD
Loan CollectorBanking46,200 CAD
Loan ExaminerBanking57,200 CAD
Loan OfficerBanking50,300 CAD
Loan Processing ManagerBanking146,700 CAD
Loan ProcessorBanking56,800 CAD
Loan Quality Assurance AuditorBanking132,000 CAD
Loan Quality Assurance ManagerBanking152,700 CAD
Loan Quality Assurance RepresentativeBanking94,300 CAD
Loan Review ManagerBanking151,800 CAD
Loan Team LeaderBanking141,000 CAD
Loans ManagerBanking177,200 CAD
Mortgage AdvisorBanking88,700 CAD
Mortgage Collection ManagerBanking158,700 CAD
Mortgage CollectorBanking40,300 CAD
Mortgage Credit AnalystBanking71,700 CAD
Mortgage Credit ManagerBanking152,900 CAD
Mortgage Development ManagerBanking163,800 CAD
Mortgage Document ReviewerBanking59,700 CAD
Mortgage Funding ManagerBanking164,100 CAD
Mortgage Operations ManagerBanking238,300 CAD
Mortgage Payment Processing ClerkBanking50,500 CAD
Mortgage Processing ManagerBanking151,800 CAD
Mortgage ProcessorBanking62,500 CAD
Mortgage Quality Assurance AuditorBanking132,000 CAD
Mortgage Quality Assurance ManagerBanking142,300 CAD
Mortgage Servicing ClerkBanking42,700 CAD
Mortgage Servicing ManagerBanking147,900 CAD
Mortgage UnderwriterBanking54,100 CAD
Online Banking ManagerBanking241,200 CAD
Payment Processing ClerkBanking46,700 CAD
Personal BankerBanking92,100 CAD
Personal Banking Advisor Banking97,600 CAD
Phone BankerBanking65,400 CAD
Private BankerBanking99,100 CAD
Reconciliation and Investigation SpecialistBanking107,700 CAD
Tax OfficerBanking79,800 CAD
TellerBanking48,600 CAD
Trade OfficerBanking51,100 CAD
Trade Product ManagerBanking158,900 CAD
TraderBanking61,700 CAD
Treasury Operations OfficerBanking114,300 CAD

Salary Comparison by City

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

CityAverage Salary
Brampton124,500 CAD
Calgary130,400 CAD
Edmonton132,000 CAD
Gatineau117,100 CAD
Halifax128,200 CAD
Hamilton134,100 CAD
Kitchener121,800 CAD
Markham125,400 CAD
Mississauga137,100 CAD
Ottawa134,100 CAD
Quebec138,700 CAD
Regina112,700 CAD
Richmond118,900 CAD
Saskatoon123,000 CAD
Surrey127,700 CAD
Toronto138,700 CAD
Vancouver134,100 CAD
Vaughan125,400 CAD
Windsor127,700 CAD
Winnipeg128,200 CAD

Salary Comparison by State

The table below includes links to the average salary for each state in Canada.

StateAverage Salary
Alberta134,100 CAD
British Columbia146,900 CAD
Manitoba138,700 CAD
New Brunswick123,800 CAD
Newfoundland-Labrador123,800 CAD
Northwest Territories127,600 CAD
Nova Scotia124,500 CAD
Nunavut139,100 CAD
Ontario153,800 CAD
Prince Edward Island109,000 CAD
Quebec142,100 CAD
Saskatchewan127,700 CAD
Yukon117,100 CAD

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