Average Corporate Banker Salary in Tonga for 2024

In this article, we will look at the average Corporate Banker salary for 2024 in Tonga 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 Tongan paʻanga. To keep things simple, we are using the TOP currency code instead of the currency symbol T$.

How Much Does a Corporate Banker Make in Tonga?

A Corporate Banker working in Tonga will typically earn around 15,920 TOP per year, and this can range from the lowest average salary of about 10,380 TOP to the highest average salary of 25,720 TOP.

Average Annual Salary
15,920 TOP
Average Monthly Salary
1,326 TOP

Lowest Annual Salary
10,380 TOP
Lowest Monthly Salary
865 TOP

Highest Annual Salary
25,720 TOP
Highest Monthly Salary
2,143 TOP

These are average salaries for a Corporate Banker in Tonga 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 Tonga

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

Salary ranges

We already know that a Corporate Banker can earn between 10,380 TOP and 25,720 TOP on average in Tonga. 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 Tonga is 16,400 TOP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 16,400 TOP, and 50% of the population earn more than 16,400 TOP.

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 Tonga, 25% of the population are earning less than 12,520 TOP while 75% of the population earn more than 12,520 TOP.

75% of the population earn less than 19,480 TOP, and 25% of the population earn more than 19,480 TOP.

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 Tonga

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 Tonga that has less than two years of experience can expect to earn somewhere in the region of 12,840 TOP.
  • 2 - 5 Years Experience. With two to five years of experience the average Corporate Banker salary would increase to 12,620 TOP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Corporate Banker, the average salary would be 17,760 TOP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 20,000 TOP.
  • 15 - 20 Years Experience. A Corporate Banker with 15 to 20 years of experience can earn an average of 23,480 TOP.
  • 20+ Years Experience. For a Corporate Banker with more than 20 years, the expected average salary increases to 25,940 TOP.

Average Salary by Experience Chart

0-2 Years
12,840 TOP
2-5 Years +26%
12,620 TOP
5-10 Years +32%
17,760 TOP
10-15 Years +18%
20,000 TOP
15-20 Years +11%
23,480 TOP
20+ Years +6%
25,940 TOP

Corporate Banker Salary by Education Level in Tonga

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 Tonga 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 Tonga with a certificate or diploma education can earn an average salary of 12,620 TOP.

  • Bachelor's Degree. A Corporate Banker in Tonga with a bachelor's degree education can earn an average salary of 17,760 TOP.

  • Master's Degree. A Corporate Banker in Tonga with a master's degree education can earn an average salary of 23,700 TOP.

Average Salary by Education Chart

Certificate or Diploma
12,620 TOP
Bachelor's Degree +32%
17,760 TOP
Master's Degree +37%
23,700 TOP

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 Tonga is around 9,110 to 27,300 TOP 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 Tonga, a male corporate banker will earn an average of 19,220 TOP, while a female corporate banker will earn around 15,380 TOP.

This means that a male corporate banker earns approximately 25% more than a female corporate banker for performing the same job.

Average Salary by Gender Chart in Tonga

Male
19,220 TOP
Female -25%
15,380 TOP

Corporate Banker Average Pay Raise in Tonga

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 Tonga is around 8% every 27 months.

The national average pay raise across all professions and industries in Tonga is around 5% every 28 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 = ( 8 ÷ 27 ) × 12  = 4%

What this means is that a Corporate Banker in Tonga can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Tonga for 2024

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

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%

Corporate Banker Bonus and Incentive Rates in Tonga

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 33% of employees reporting at least one bonus in the last 12 months.

67% 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 4% to 5%.

Received Bonus
33%
No Bonus
67%

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 Tonga earn approximately 16% more than private sector employees in the same role.

Public Sector
22,660 TOP
Private Sector -16%
19,480 TOP

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 Tonga.

Job Title Category Salary
AML Analyst Banking 35,300 TOP
Assistant Bank Branch Manager Banking 30,700 TOP
Assistant Bank Manager Banking 40,240 TOP
ATM Manager Banking 32,420 TOP
ATM Service Technician Banking 10,380 TOP
Bank Accounts Analyst Banking 10,980 TOP
Bank Accounts Collector Banking 6,440 TOP
Bank Accounts Controller Banking 15,760 TOP
Bank Accounts Executive Banking 25,220 TOP
Bank Accounts Manager Banking 26,860 TOP
Bank Auditing Manager Banking 26,280 TOP
Bank Branch Manager Banking 41,700 TOP
Bank Branch Operations Coordinator Banking 18,780 TOP
Bank Clerk Banking 8,420 TOP
Bank Client Service Associate Banking 9,960 TOP
Bank Collector Banking 8,780 TOP
Bank Compliance Specialist Banking 20,460 TOP
Bank Manager Banking 46,980 TOP
Bank Operational Risk Manager Banking 48,560 TOP
Bank Operations Head Banking 46,160 TOP
Bank Operations Officer Banking 19,200 TOP
Bank Operations Specialist Banking 31,540 TOP
Bank Process Manager Banking 26,100 TOP
Bank Product Manager Banking 28,860 TOP
Bank Programme Manager Banking 33,960 TOP
Bank Project Manager Banking 36,020 TOP
Bank Propositions Manager Banking 36,940 TOP
Bank Quantitative Analyst Banking 22,660 TOP
Bank Regional Manager Banking 47,720 TOP
Bank Regional Risk Officer Banking 23,660 TOP
Bank Relationship Manager Banking 35,000 TOP
Bank Relationship Officer Banking 17,260 TOP
Bank Teller Banking 8,780 TOP
Banker Banking 17,560 TOP
Banking Business Analyst Banking 23,360 TOP
Banking Business Development Officer Banking 13,100 TOP
Banking Business Planning Executive Banking 35,260 TOP
Banking Product Manager Banking 33,440 TOP
Banking Reference Data Manager Banking 28,180 TOP
Banking Risk Analyst Banking 23,660 TOP
Banking Technical Analyst Banking 13,900 TOP
Bankruptcy Coordinator Banking 19,200 TOP
Bill and Account Collector Banking 7,240 TOP
Budget Analyst Banking 25,680 TOP
Capital Risk Manager Banking 46,980 TOP
Cards Marketing Manager Banking 29,320 TOP
Cash Management Manager Banking 44,300 TOP
Check Processing Manager Banking 33,440 TOP
Commercial Vault Associate Banking 26,020 TOP
Corporate Dealer Banking 25,680 TOP
Credit Analyst Banking 17,760 TOP
Credit and Collections Manager Banking 31,520 TOP
Credit Card Fraud Investigator Banking 27,020 TOP
Credit Portfolio Manager Banking 47,180 TOP
Credit Risk Analyst Banking 28,660 TOP
Credit Risk Associate Banking 23,700 TOP
Direct Bank Sales Representative Banking 16,140 TOP
Exchange Control Consultant Banking 29,040 TOP
Executive Account Analyst Banking 23,700 TOP
Financial Bank Planning Consultant Banking 29,640 TOP
Financial Banking Analysis Manager Banking 39,640 TOP
Financial Banking Assistant Banking 10,000 TOP
Financial Banking Systems Manager Banking 31,520 TOP
Foreign Exchange Manager Banking 35,000 TOP
Fraud Analyst Banking 25,660 TOP
Fraud Detection Associate Banking 19,220 TOP
Fraud Detection Manager Banking 41,980 TOP
Fraud Detection Supervisor Banking 22,420 TOP
Internal Bank Audit Manager Banking 43,080 TOP
Internal Bank Auditor Banking 22,340 TOP
Internal Private Banker Banking 19,220 TOP
International Banking Manager Banking 50,980 TOP
Investment Banking Analyst Banking 35,000 TOP
Loan Analyst Banking 23,140 TOP
Loan Area Manager Banking 27,560 TOP
Loan Audit Team Leader Banking 26,660 TOP
Loan Branch Manager Banking 26,100 TOP
Loan Business Development Officer Banking 17,020 TOP
Loan Clerk Banking 7,800 TOP
Loan Collection and Recovery Manager Banking 26,860 TOP
Loan Collection Manager Banking 29,160 TOP
Loan Collector Banking 8,420 TOP
Loan Examiner Banking 12,300 TOP
Loan Officer Banking 9,140 TOP
Loan Processing Manager Banking 28,820 TOP
Loan Processor Banking 12,520 TOP
Loan Quality Assurance Auditor Banking 23,480 TOP
Loan Quality Assurance Manager Banking 26,500 TOP
Loan Quality Assurance Representative Banking 17,760 TOP
Loan Review Manager Banking 26,400 TOP
Loan Team Leader Banking 24,860 TOP
Loans Manager Banking 31,340 TOP
Mortgage Advisor Banking 18,780 TOP
Mortgage Collection Manager Banking 29,540 TOP
Mortgage Collector Banking 8,420 TOP
Mortgage Credit Analyst Banking 13,780 TOP
Mortgage Credit Manager Banking 26,280 TOP
Mortgage Development Manager Banking 33,960 TOP
Mortgage Document Reviewer Banking 11,300 TOP
Mortgage Funding Manager Banking 31,380 TOP
Mortgage Operations Manager Banking 40,040 TOP
Mortgage Payment Processing Clerk Banking 9,440 TOP
Mortgage Processing Manager Banking 28,660 TOP
Mortgage Processor Banking 12,760 TOP
Mortgage Quality Assurance Auditor Banking 23,260 TOP
Mortgage Quality Assurance Manager Banking 28,720 TOP
Mortgage Servicing Clerk Banking 9,360 TOP
Mortgage Servicing Manager Banking 29,840 TOP
Mortgage Underwriter Banking 12,300 TOP
Online Banking Manager Banking 43,340 TOP
Payment Processing Clerk Banking 10,320 TOP
Personal Banker Banking 19,640 TOP
Personal Banking Advisor Banking 17,760 TOP
Phone Banker Banking 12,520 TOP
Private Banker Banking 17,560 TOP
Reconciliation and Investigation Specialist Banking 21,380 TOP
Tax Officer Banking 13,560 TOP
Teller Banking 9,020 TOP
Trade Officer Banking 9,140 TOP
Trade Product Manager Banking 28,900 TOP
Trader Banking 11,040 TOP
Treasury Operations Officer Banking 21,020 TOP

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