Average Corporate Banker Salary in Serbia for 2024

In this article, we will look at the average Corporate Banker salary for 2024 in Serbia 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 Serbian dinar. To keep things simple, we are using the RSD currency code instead of the currency symbol дин..

How Much Does a Corporate Banker Make in Serbia?

A Corporate Banker working in Serbia will typically earn around 1,320,500 RSD per year, and this can range from the lowest average salary of about 699,700 RSD to the highest average salary of 2,003,200 RSD.

Average Annual Salary
1,320,500 RSD
Average Monthly Salary
110,041 RSD

Lowest Annual Salary
699,700 RSD
Lowest Monthly Salary
58,308 RSD

Highest Annual Salary
2,003,200 RSD
Highest Monthly Salary
166,933 RSD

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

Corporate Banker 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 Corporate Banker Salaries in Serbia

So we've looked at the average salaries a Corporate Banker will earn in Serbia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Corporate Banker can earn between 699,700 RSD and 2,003,200 RSD on average in Serbia. 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 Corporate Banker in Serbia is 1,235,600 RSD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,235,600 RSD, and 50% of the population earn more than 1,235,600 RSD.

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 Corporate Banker salary in Serbia, 25% of the population are earning less than 870,700 RSD while 75% of the population earn more than 870,700 RSD.

75% of the population earn less than 1,524,300 RSD, and 25% of the population earn more than 1,524,300 RSD.

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.

Corporate Banker Salary by Experience Level in Serbia

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 corporate banker 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 Corporate Banker in Serbia that has less than two years of experience can expect to earn somewhere in the region of 802,400 RSD.
  • 2 - 5 Years Experience. With two to five years of experience the average Corporate Banker salary would increase to 986,700 RSD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Corporate Banker, the average salary would be 1,391,600 RSD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,632,100 RSD.
  • 15 - 20 Years Experience. A Corporate Banker with 15 to 20 years of experience can earn an average of 1,800,200 RSD.
  • 20+ Years Experience. For a Corporate Banker with more than 20 years, the expected average salary increases to 1,896,700 RSD.

Average Salary by Experience Chart

0-2 Years
802,400 RSD
2-5 Years +23%
986,700 RSD
5-10 Years +42%
1,391,600 RSD
10-15 Years +17%
1,632,100 RSD
15-20 Years +10%
1,800,200 RSD
20+ Years +6%
1,896,700 RSD

Corporate Banker Salary by Education Level in Serbia

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 Corporate Banker in Serbia 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 Corporate Banker in Serbia with a certificate or diploma education can earn an average salary of 986,700 RSD.

  • Bachelor's Degree. A Corporate Banker in Serbia with a bachelor's degree education can earn an average salary of 1,273,300 RSD.

  • Master's Degree. A Corporate Banker in Serbia with a master's degree education can earn an average salary of 1,825,000 RSD.

Average Salary by Education Chart

Certificate or Diploma
986,700 RSD
Bachelor's Degree +29%
1,273,300 RSD
Master's Degree +43%
1,825,000 RSD

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 Serbia is around 701,000 to 2,100,000 RSD 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.

Corporate Banker 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 Serbia, a male corporate banker will earn an average of 1,357,900 RSD, while a female corporate banker will earn around 1,273,300 RSD.

This means that a male corporate banker earns approximately 7% more than a female corporate banker for performing the same job.

Average Salary by Gender Chart in Serbia

Male
1,357,900 RSD
Female -7%
1,273,300 RSD

Corporate Banker Average Pay Raise in Serbia

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 Corporate Banker in Serbia is around 10% every 19 months.

The national average pay raise across all professions and industries in Serbia is around 7% every 20 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 = ( 10 ÷ 19 ) × 12  = 6%

What this means is that a Corporate Banker in Serbia can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in Serbia for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Corporate Banker Bonus and Incentive Rates in Serbia

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 Corporate Banker is a low bonus based job, with 48% of employees reporting at least one bonus in the last 12 months.

52% 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
48%
No Bonus
52%

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 Serbia earn approximately 15% more than private sector employees in the same role.

Public Sector
1,800,200 RSD
Private Sector -15%
1,570,900 RSD

Salaries for Jobs Similar to a Corporate Banker

In the table below, we have salary information for jobs that are similar to a Corporate Banker in Serbia.

Job Title Category Salary
AML Analyst Banking 2,508,300 RSD
Assistant Bank Branch Manager Banking 2,038,500 RSD
Assistant Bank Manager Banking 2,794,600 RSD
ATM Manager Banking 2,352,500 RSD
ATM Service Technician Banking 642,800 RSD
Bank Accounts Analyst Banking 894,500 RSD
Bank Accounts Collector Banking 562,200 RSD
Bank Accounts Controller Banking 1,235,600 RSD
Bank Accounts Executive Banking 1,811,000 RSD
Bank Accounts Manager Banking 2,086,500 RSD
Bank Auditing Manager Banking 2,052,200 RSD
Bank Branch Manager Banking 2,794,600 RSD
Bank Branch Operations Coordinator Banking 1,296,900 RSD
Bank Clerk Banking 562,600 RSD
Bank Client Service Associate Banking 778,500 RSD
Bank Collector Banking 574,200 RSD
Bank Compliance Specialist Banking 1,537,500 RSD
Bank Manager Banking 3,253,900 RSD
Bank Operational Risk Manager Banking 3,406,900 RSD
Bank Operations Head Banking 3,373,200 RSD
Bank Operations Officer Banking 1,345,400 RSD
Bank Operations Specialist Banking 2,015,600 RSD
Bank Process Manager Banking 1,825,000 RSD
Bank Product Manager Banking 2,124,400 RSD
Bank Programme Manager Banking 2,221,600 RSD
Bank Project Manager Banking 2,641,300 RSD
Bank Propositions Manager Banking 2,389,200 RSD
Bank Quantitative Analyst Banking 1,693,600 RSD
Bank Regional Manager Banking 3,444,200 RSD
Bank Regional Risk Officer Banking 1,788,300 RSD
Bank Relationship Manager Banking 2,508,300 RSD
Bank Relationship Officer Banking 1,187,900 RSD
Bank Teller Banking 619,800 RSD
Banker Banking 1,195,600 RSD
Banking Business Analyst Banking 1,788,300 RSD
Banking Business Development Officer Banking 1,152,700 RSD
Banking Business Planning Executive Banking 2,471,700 RSD
Banking Product Manager Banking 2,230,100 RSD
Banking Reference Data Manager Banking 1,921,500 RSD
Banking Risk Analyst Banking 1,655,500 RSD
Banking Technical Analyst Banking 893,500 RSD
Bankruptcy Coordinator Banking 1,189,900 RSD
Bill and Account Collector Banking 650,800 RSD
Budget Analyst Banking 1,668,900 RSD
Capital Risk Manager Banking 3,253,900 RSD
Cards Marketing Manager Banking 2,110,600 RSD
Cash Management Manager Banking 3,192,300 RSD
Check Processing Manager Banking 2,352,500 RSD
Commercial Vault Associate Banking 1,728,900 RSD
Corporate Dealer Banking 1,751,700 RSD
Credit Analyst Banking 1,380,400 RSD
Credit and Collections Manager Banking 2,374,400 RSD
Credit Card Fraud Investigator Banking 1,811,000 RSD
Credit Portfolio Manager Banking 3,299,800 RSD
Credit Risk Analyst Banking 1,990,300 RSD
Credit Risk Associate Banking 1,800,200 RSD
Direct Bank Sales Representative Banking 1,235,600 RSD
Exchange Control Consultant Banking 1,846,200 RSD
Executive Account Analyst Banking 1,765,300 RSD
Financial Bank Planning Consultant Banking 2,281,800 RSD
Financial Banking Analysis Manager Banking 2,519,500 RSD
Financial Banking Assistant Banking 810,500 RSD
Financial Banking Systems Manager Banking 2,304,300 RSD
Foreign Exchange Manager Banking 2,447,200 RSD
Fraud Analyst Banking 1,858,200 RSD
Fraud Detection Associate Banking 1,333,900 RSD
Fraud Detection Manager Banking 2,854,700 RSD
Fraud Detection Supervisor Banking 1,594,500 RSD
Internal Bank Audit Manager Banking 3,277,900 RSD
Internal Bank Auditor Banking 1,728,900 RSD
Internal Private Banker Banking 1,259,300 RSD
International Banking Manager Banking 3,635,200 RSD
Investment Banking Analyst Banking 2,508,300 RSD
Loan Analyst Banking 1,811,000 RSD
Loan Area Manager Banking 2,026,800 RSD
Loan Audit Team Leader Banking 1,896,700 RSD
Loan Branch Manager Banking 2,065,400 RSD
Loan Business Development Officer Banking 1,108,500 RSD
Loan Clerk Banking 642,800 RSD
Loan Collection and Recovery Manager Banking 2,146,100 RSD
Loan Collection Manager Banking 2,161,200 RSD
Loan Collector Banking 580,600 RSD
Loan Examiner Banking 768,900 RSD
Loan Officer Banking 670,600 RSD
Loan Processing Manager Banking 1,882,700 RSD
Loan Processor Banking 781,200 RSD
Loan Quality Assurance Auditor Banking 1,751,700 RSD
Loan Quality Assurance Manager Banking 1,930,500 RSD
Loan Quality Assurance Representative Banking 1,273,300 RSD
Loan Review Manager Banking 1,908,800 RSD
Loan Team Leader Banking 1,693,600 RSD
Loans Manager Banking 2,242,500 RSD
Mortgage Advisor Banking 1,283,600 RSD
Mortgage Collection Manager Banking 2,146,100 RSD
Mortgage Collector Banking 592,600 RSD
Mortgage Credit Analyst Banking 960,900 RSD
Mortgage Credit Manager Banking 2,003,200 RSD
Mortgage Development Manager Banking 2,281,800 RSD
Mortgage Document Reviewer Banking 772,700 RSD
Mortgage Funding Manager Banking 2,266,400 RSD
Mortgage Operations Manager Banking 2,928,100 RSD
Mortgage Payment Processing Clerk Banking 643,400 RSD
Mortgage Processing Manager Banking 1,990,300 RSD
Mortgage Processor Banking 778,900 RSD
Mortgage Quality Assurance Auditor Banking 1,825,000 RSD
Mortgage Quality Assurance Manager Banking 2,076,600 RSD
Mortgage Servicing Clerk Banking 596,800 RSD
Mortgage Servicing Manager Banking 1,882,700 RSD
Mortgage Underwriter Banking 768,900 RSD
Online Banking Manager Banking 3,071,100 RSD
Payment Processing Clerk Banking 619,800 RSD
Personal Banker Banking 1,306,100 RSD
Personal Banking Advisor Banking 1,283,600 RSD
Phone Banker Banking 864,900 RSD
Private Banker Banking 1,259,300 RSD
Reconciliation and Investigation Specialist Banking 1,487,200 RSD
Tax Officer Banking 1,006,300 RSD
Teller Banking 580,600 RSD
Trade Officer Banking 688,900 RSD
Trade Product Manager Banking 2,161,200 RSD
Trader Banking 899,900 RSD
Treasury Operations Officer Banking 1,632,100 RSD

Salary Comparison by City

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

City Average Salary
Belgrade 1,417,600 RSD
Novi Sad 1,357,900 RSD

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