Average Credit Risk Associate Salary in Greece for 2024

In this article, we will look at the average Credit Risk Associate salary for 2024 in Greece 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 Credit Risk Associate Make in Greece?

A Credit Risk Associate working in Greece will typically earn around 31,340 EUR per year, and this can range from the lowest average salary of about 17,620 EUR to the highest average salary of 47,400 EUR.

Average Annual Salary
31,340 EUR
Average Monthly Salary
2,611 EUR

Lowest Annual Salary
17,620 EUR
Lowest Monthly Salary
1,468 EUR

Highest Annual Salary
47,400 EUR
Highest Monthly Salary
3,950 EUR

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

Credit Risk 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 Credit Risk Associate Salaries in Greece

So we've looked at the average salaries a Credit Risk Associate will earn in Greece. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Credit Risk Associate can earn between 17,620 EUR and 47,400 EUR on average in Greece. 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 Credit Risk Associate in Greece is 32,020 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 32,020 EUR, and 50% of the population earn more than 32,020 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 Credit Risk Associate salary in Greece, 25% of the population are earning less than 21,380 EUR while 75% of the population earn more than 21,380 EUR.

75% of the population earn less than 39,160 EUR, and 25% of the population earn more than 39,160 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.

Credit Risk Associate Salary by Experience Level in Greece

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 credit risk 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 Credit Risk Associate in Greece that has less than two years of experience can expect to earn somewhere in the region of 20,300 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Credit Risk Associate salary would increase to 25,940 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Credit Risk Associate, the average salary would be 34,080 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 40,420 EUR.
  • 15 - 20 Years Experience. A Credit Risk Associate with 15 to 20 years of experience can earn an average of 43,340 EUR.
  • 20+ Years Experience. For a Credit Risk Associate with more than 20 years, the expected average salary increases to 46,400 EUR.

Average Salary by Experience Chart

0-2 Years
20,300 EUR
2-5 Years +34%
25,940 EUR
5-10 Years +30%
34,080 EUR
10-15 Years +21%
40,420 EUR
15-20 Years +9%
43,340 EUR
20+ Years +5%
46,400 EUR

Credit Risk Associate Salary by Education Level in Greece

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 Credit Risk Associate in Greece 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 Credit Risk Associate in Greece with a bachelor's degree education can earn an average salary of 25,160 EUR.

  • Master's Degree. A Credit Risk Associate in Greece with a master's degree education can earn an average salary of 37,740 EUR.

Average Salary by Education Chart

Bachelor's Degree
25,160 EUR
Master's Degree +39%
37,740 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 Greece is around 12,200 to 36,500 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.

Credit Risk 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 Greece, a male credit risk associate will earn an average of 31,040 EUR, while a female credit risk associate will earn around 31,080 EUR.

This means that a male credit risk associate earns approximately 0% less than a female credit risk associate for performing the same job.

Average Salary by Gender Chart in Greece

Male
31,040 EUR
Female +0%
31,080 EUR

Credit Risk Associate Average Pay Raise in Greece

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 Credit Risk Associate in Greece is around 13% every 15 months.

The national average pay raise across all professions and industries in Greece is around 9% every 16 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 ÷ 15 ) × 12  = 10%

What this means is that a Credit Risk Associate in Greece can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in Greece for 2024

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

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

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Credit Risk Associate Bonus and Incentive Rates in Greece

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 Credit Risk Associate is a moderate bonus based job, with 53% of employees reporting at least one bonus in the last 12 months.

47% 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
53%
No Bonus
47%

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 Greece earn approximately 1% less than private sector employees in the same role.

Public Sector
29,640 EUR
Private Sector +1%
29,840 EUR

Salaries for Jobs Similar to a Credit Risk Associate

In the table below, we have salary information for jobs that are similar to a Credit Risk Associate in Greece.

Job Title Category Salary
AML Analyst Banking 43,260 EUR
Assistant Bank Branch Manager Banking 37,740 EUR
Assistant Bank Manager Banking 46,040 EUR
ATM Manager Banking 38,700 EUR
ATM Service Technician Banking 12,180 EUR
Bank Accounts Analyst Banking 17,540 EUR
Bank Accounts Collector Banking 8,100 EUR
Bank Accounts Controller Banking 20,000 EUR
Bank Accounts Executive Banking 31,340 EUR
Bank Accounts Manager Banking 34,380 EUR
Bank Auditing Manager Banking 37,380 EUR
Bank Branch Manager Banking 51,080 EUR
Bank Branch Operations Coordinator Banking 22,540 EUR
Bank Clerk Banking 10,380 EUR
Bank Client Service Associate Banking 14,540 EUR
Bank Collector Banking 7,820 EUR
Bank Compliance Specialist Banking 27,380 EUR
Bank Manager Banking 62,060 EUR
Bank Operational Risk Manager Banking 57,080 EUR
Bank Operations Head Banking 60,480 EUR
Bank Operations Officer Banking 24,820 EUR
Bank Operations Specialist Banking 36,700 EUR
Bank Process Manager Banking 32,960 EUR
Bank Product Manager Banking 36,020 EUR
Bank Programme Manager Banking 38,700 EUR
Bank Project Manager Banking 46,720 EUR
Bank Propositions Manager Banking 45,560 EUR
Bank Quantitative Analyst Banking 27,480 EUR
Bank Regional Manager Banking 58,280 EUR
Bank Regional Risk Officer Banking 31,540 EUR
Bank Relationship Manager Banking 43,220 EUR
Bank Relationship Officer Banking 19,480 EUR
Bank Teller Banking 8,880 EUR
Banker Banking 21,640 EUR
Banking Business Analyst Banking 29,600 EUR
Banking Business Development Officer Banking 20,520 EUR
Banking Business Planning Executive Banking 43,080 EUR
Banking Product Manager Banking 36,700 EUR
Banking Reference Data Manager Banking 34,080 EUR
Banking Risk Analyst Banking 31,960 EUR
Banking Technical Analyst Banking 15,760 EUR
Bankruptcy Coordinator Banking 23,400 EUR
Bill and Account Collector Banking 9,960 EUR
Budget Analyst Banking 30,800 EUR
Capital Risk Manager Banking 56,140 EUR
Cards Marketing Manager Banking 39,960 EUR
Cash Management Manager Banking 56,060 EUR
Check Processing Manager Banking 39,560 EUR
Commercial Vault Associate Banking 31,080 EUR
Corporate Banker Banking 21,980 EUR
Corporate Dealer Banking 34,240 EUR
Credit Analyst Banking 21,300 EUR
Credit and Collections Manager Banking 44,800 EUR
Credit Card Fraud Investigator Banking 31,520 EUR
Credit Portfolio Manager Banking 57,440 EUR
Credit Risk Analyst Banking 34,540 EUR
Direct Bank Sales Representative Banking 20,460 EUR
Exchange Control Consultant Banking 31,520 EUR
Executive Account Analyst Banking 29,160 EUR
Financial Bank Planning Consultant Banking 37,380 EUR
Financial Banking Analysis Manager Banking 45,560 EUR
Financial Banking Assistant Banking 12,240 EUR
Financial Banking Systems Manager Banking 45,200 EUR
Foreign Exchange Manager Banking 47,180 EUR
Fraud Analyst Banking 31,520 EUR
Fraud Detection Associate Banking 22,540 EUR
Fraud Detection Manager Banking 48,160 EUR
Fraud Detection Supervisor Banking 25,660 EUR
Internal Bank Audit Manager Banking 54,180 EUR
Internal Bank Auditor Banking 29,600 EUR
Internal Private Banker Banking 21,560 EUR
International Banking Manager Banking 66,820 EUR
Investment Banking Analyst Banking 42,960 EUR
Loan Analyst Banking 31,380 EUR
Loan Area Manager Banking 39,960 EUR
Loan Audit Team Leader Banking 35,260 EUR
Loan Branch Manager Banking 37,200 EUR
Loan Business Development Officer Banking 17,740 EUR
Loan Clerk Banking 12,300 EUR
Loan Collection and Recovery Manager Banking 37,200 EUR
Loan Collection Manager Banking 35,000 EUR
Loan Collector Banking 9,960 EUR
Loan Examiner Banking 12,000 EUR
Loan Officer Banking 13,660 EUR
Loan Processing Manager Banking 34,980 EUR
Loan Processor Banking 12,000 EUR
Loan Quality Assurance Auditor Banking 31,080 EUR
Loan Quality Assurance Manager Banking 34,160 EUR
Loan Quality Assurance Representative Banking 25,220 EUR
Loan Review Manager Banking 34,380 EUR
Loan Team Leader Banking 31,960 EUR
Loans Manager Banking 41,180 EUR
Mortgage Advisor Banking 21,560 EUR
Mortgage Collection Manager Banking 34,120 EUR
Mortgage Collector Banking 7,820 EUR
Mortgage Credit Analyst Banking 17,100 EUR
Mortgage Credit Manager Banking 35,340 EUR
Mortgage Development Manager Banking 41,700 EUR
Mortgage Document Reviewer Banking 14,540 EUR
Mortgage Funding Manager Banking 40,560 EUR
Mortgage Operations Manager Banking 54,140 EUR
Mortgage Payment Processing Clerk Banking 9,940 EUR
Mortgage Processing Manager Banking 35,300 EUR
Mortgage Processor Banking 13,900 EUR
Mortgage Quality Assurance Auditor Banking 31,540 EUR
Mortgage Quality Assurance Manager Banking 34,160 EUR
Mortgage Servicing Clerk Banking 12,760 EUR
Mortgage Servicing Manager Banking 35,300 EUR
Mortgage Underwriter Banking 13,960 EUR
Online Banking Manager Banking 55,140 EUR
Payment Processing Clerk Banking 10,220 EUR
Personal Banker Banking 22,660 EUR
Personal Banking Advisor Banking 21,300 EUR
Phone Banker Banking 12,580 EUR
Private Banker Banking 19,940 EUR
Reconciliation and Investigation Specialist Banking 26,080 EUR
Tax Officer Banking 16,980 EUR
Teller Banking 12,300 EUR
Trade Officer Banking 10,980 EUR
Trade Product Manager Banking 34,360 EUR
Trader Banking 14,920 EUR
Treasury Operations Officer Banking 26,400 EUR

Salary Comparison by City

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

City Average Salary
Athens 35,340 EUR

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