Average Internal Private Banker Salary in Taiwan for 2024

In this article, we will look at the average Internal Private Banker salary for 2024 in Taiwan 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 New Taiwan dollar. To keep things simple, we are using the TWD currency code instead of the currency symbol $.

How Much Does an Internal Private Banker Make in Taiwan?

An Internal Private Banker working in Taiwan will typically earn around 1,259,300 TWD per year, and this can range from the lowest average salary of about 592,600 TWD to the highest average salary of 1,990,300 TWD.

Average Annual Salary
1,259,300 TWD
Average Monthly Salary
104,941 TWD

Lowest Annual Salary
592,600 TWD
Lowest Monthly Salary
49,383 TWD

Highest Annual Salary
1,990,300 TWD
Highest Monthly Salary
165,858 TWD

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

Internal Private 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 Internal Private Banker Salaries in Taiwan

So we've looked at the average salaries an Internal Private Banker will earn in Taiwan. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Internal Private Banker can earn between 592,600 TWD and 1,990,300 TWD on average in Taiwan. 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 an Internal Private Banker in Taiwan is 1,345,400 TWD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,345,400 TWD, and 50% of the population earn more than 1,345,400 TWD.

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 Internal Private Banker salary in Taiwan, 25% of the population are earning less than 869,400 TWD while 75% of the population earn more than 869,400 TWD.

75% of the population earn less than 1,765,300 TWD, and 25% of the population earn more than 1,765,300 TWD.

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.

Internal Private Banker Salary by Experience Level in Taiwan

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 internal private 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. An Internal Private Banker in Taiwan that has less than two years of experience can expect to earn somewhere in the region of 683,800 TWD.
  • 2 - 5 Years Experience. With two to five years of experience the average Internal Private Banker salary would increase to 946,800 TWD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Internal Private Banker, the average salary would be 1,345,400 TWD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,645,600 TWD.
  • 15 - 20 Years Experience. An Internal Private Banker with 15 to 20 years of experience can earn an average of 1,728,900 TWD.
  • 20+ Years Experience. For an Internal Private Banker with more than 20 years, the expected average salary increases to 1,882,700 TWD.

Average Salary by Experience Chart

0-2 Years
683,800 TWD
2-5 Years +38%
946,800 TWD
5-10 Years +42%
1,345,400 TWD
10-15 Years +22%
1,645,600 TWD
15-20 Years +6%
1,728,900 TWD
20+ Years +9%
1,882,700 TWD

Internal Private Banker Salary by Education Level in Taiwan

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 an Internal Private Banker in Taiwan 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. An Internal Private Banker in Taiwan with a bachelor's degree education can earn an average salary of 946,800 TWD.

  • Master's Degree. An Internal Private Banker in Taiwan with a master's degree education can earn an average salary of 1,728,900 TWD.

Average Salary by Education Chart

Bachelor's Degree
946,800 TWD
Master's Degree +83%
1,728,900 TWD

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 Taiwan is around 647,000 to 1,940,000 TWD 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.

Internal Private 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 Taiwan, a male internal private banker will earn an average of 1,357,900 TWD, while a female internal private banker will earn around 1,192,400 TWD.

This means that a male internal private banker earns approximately 14% more than a female internal private banker for performing the same job.

Average Salary by Gender Chart in Taiwan

Male
1,357,900 TWD
Female -14%
1,192,400 TWD

Internal Private Banker Average Pay Raise in Taiwan

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 an Internal Private Banker in Taiwan is around 8% every 27 months.

The national average pay raise across all professions and industries in Taiwan 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 an Internal Private Banker in Taiwan can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Taiwan for 2024

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

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

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Internal Private Banker Bonus and Incentive Rates in Taiwan

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.

An Internal Private Banker is a low bonus based job, with 40% of employees reporting at least one bonus in the last 12 months.

60% 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 2% to 7%.

Received Bonus
40%
No Bonus
60%

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 Taiwan earn approximately 7% more than private sector employees in the same role.

Public Sector
1,594,500 TWD
Private Sector -7%
1,487,200 TWD

Salaries for Jobs Similar to an Internal Private Banker

In the table below, we have salary information for jobs that are similar to an Internal Private Banker in Taiwan.

Job Title Category Salary
AML Analyst Banking 2,579,200 TWD
Assistant Bank Branch Manager Banking 2,173,000 TWD
Assistant Bank Manager Banking 2,653,700 TWD
ATM Manager Banking 2,266,400 TWD
ATM Service Technician Banking 632,400 TWD
Bank Accounts Analyst Banking 922,300 TWD
Bank Accounts Collector Banking 548,800 TWD
Bank Accounts Controller Banking 1,224,800 TWD
Bank Accounts Executive Banking 1,835,700 TWD
Bank Accounts Manager Banking 2,146,100 TWD
Bank Auditing Manager Banking 2,065,400 TWD
Bank Branch Manager Banking 2,914,600 TWD
Bank Branch Operations Coordinator Banking 1,306,100 TWD
Bank Clerk Banking 551,200 TWD
Bank Client Service Associate Banking 778,900 TWD
Bank Collector Banking 556,000 TWD
Bank Compliance Specialist Banking 1,524,300 TWD
Bank Manager Banking 3,288,400 TWD
Bank Operational Risk Manager Banking 3,277,900 TWD
Bank Operations Head Banking 3,277,900 TWD
Bank Operations Officer Banking 1,320,500 TWD
Bank Operations Specialist Banking 2,076,600 TWD
Bank Process Manager Banking 1,921,500 TWD
Bank Product Manager Banking 2,110,600 TWD
Bank Programme Manager Banking 2,362,300 TWD
Bank Project Manager Banking 2,579,200 TWD
Bank Propositions Manager Banking 2,435,600 TWD
Bank Quantitative Analyst Banking 1,693,600 TWD
Bank Regional Manager Banking 3,635,200 TWD
Bank Regional Risk Officer Banking 1,811,000 TWD
Bank Relationship Manager Banking 2,435,600 TWD
Bank Relationship Officer Banking 1,099,800 TWD
Bank Teller Banking 583,000 TWD
Banker Banking 1,235,600 TWD
Banking Business Analyst Banking 1,788,300 TWD
Banking Business Development Officer Banking 1,062,500 TWD
Banking Business Planning Executive Banking 2,447,200 TWD
Banking Product Manager Banking 2,146,100 TWD
Banking Reference Data Manager Banking 1,858,200 TWD
Banking Risk Analyst Banking 1,800,200 TWD
Banking Technical Analyst Banking 894,500 TWD
Bankruptcy Coordinator Banking 1,249,900 TWD
Bill and Account Collector Banking 629,800 TWD
Budget Analyst Banking 1,811,000 TWD
Capital Risk Manager Banking 3,168,300 TWD
Cards Marketing Manager Banking 2,173,000 TWD
Cash Management Manager Banking 2,998,500 TWD
Check Processing Manager Banking 2,242,500 TWD
Commercial Vault Associate Banking 1,728,900 TWD
Corporate Banker Banking 1,235,600 TWD
Corporate Dealer Banking 1,835,700 TWD
Credit Analyst Banking 1,405,700 TWD
Credit and Collections Manager Banking 2,460,900 TWD
Credit Card Fraud Investigator Banking 1,908,800 TWD
Credit Portfolio Manager Banking 3,349,100 TWD
Credit Risk Analyst Banking 2,015,600 TWD
Credit Risk Associate Banking 1,921,500 TWD
Direct Bank Sales Representative Banking 1,196,800 TWD
Exchange Control Consultant Banking 1,882,700 TWD
Executive Account Analyst Banking 1,811,000 TWD
Financial Bank Planning Consultant Banking 2,304,300 TWD
Financial Banking Analysis Manager Banking 2,543,000 TWD
Financial Banking Assistant Banking 836,800 TWD
Financial Banking Systems Manager Banking 2,411,500 TWD
Foreign Exchange Manager Banking 2,617,900 TWD
Fraud Analyst Banking 1,930,500 TWD
Fraud Detection Associate Banking 1,306,100 TWD
Fraud Detection Manager Banking 2,773,700 TWD
Fraud Detection Supervisor Banking 1,594,500 TWD
Internal Bank Audit Manager Banking 3,094,100 TWD
Internal Bank Auditor Banking 1,668,900 TWD
International Banking Manager Banking 3,564,300 TWD
Investment Banking Analyst Banking 2,435,600 TWD
Loan Analyst Banking 1,825,000 TWD
Loan Area Manager Banking 2,207,600 TWD
Loan Audit Team Leader Banking 2,065,400 TWD
Loan Branch Manager Banking 2,076,600 TWD
Loan Business Development Officer Banking 1,023,000 TWD
Loan Clerk Banking 605,700 TWD
Loan Collection and Recovery Manager Banking 2,100,900 TWD
Loan Collection Manager Banking 2,076,600 TWD
Loan Collector Banking 581,300 TWD
Loan Examiner Banking 781,200 TWD
Loan Officer Banking 681,500 TWD
Loan Processing Manager Banking 1,955,300 TWD
Loan Processor Banking 824,800 TWD
Loan Quality Assurance Auditor Banking 1,703,200 TWD
Loan Quality Assurance Manager Banking 1,908,800 TWD
Loan Quality Assurance Representative Banking 1,296,900 TWD
Loan Review Manager Banking 1,967,000 TWD
Loan Team Leader Banking 1,788,300 TWD
Loans Manager Banking 2,314,800 TWD
Mortgage Advisor Banking 1,235,600 TWD
Mortgage Collection Manager Banking 2,110,600 TWD
Mortgage Collector Banking 596,800 TWD
Mortgage Credit Analyst Banking 890,700 TWD
Mortgage Credit Manager Banking 1,896,700 TWD
Mortgage Development Manager Banking 2,197,700 TWD
Mortgage Document Reviewer Banking 757,600 TWD
Mortgage Funding Manager Banking 2,281,800 TWD
Mortgage Operations Manager Banking 2,914,600 TWD
Mortgage Payment Processing Clerk Banking 650,700 TWD
Mortgage Processing Manager Banking 2,038,500 TWD
Mortgage Processor Banking 810,200 TWD
Mortgage Quality Assurance Auditor Banking 1,703,200 TWD
Mortgage Quality Assurance Manager Banking 1,980,600 TWD
Mortgage Servicing Clerk Banking 631,200 TWD
Mortgage Servicing Manager Banking 2,026,800 TWD
Mortgage Underwriter Banking 747,400 TWD
Online Banking Manager Banking 3,071,100 TWD
Payment Processing Clerk Banking 631,200 TWD
Personal Banker Banking 1,320,500 TWD
Personal Banking Advisor Banking 1,235,600 TWD
Phone Banker Banking 817,800 TWD
Private Banker Banking 1,306,100 TWD
Reconciliation and Investigation Specialist Banking 1,450,700 TWD
Tax Officer Banking 1,041,900 TWD
Teller Banking 576,500 TWD
Trade Officer Banking 699,700 TWD
Trade Product Manager Banking 2,026,800 TWD
Trader Banking 860,300 TWD
Treasury Operations Officer Banking 1,500,800 TWD

Salary Comparison by City

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

City Average Salary
Kaohsiung 1,464,200 TWD
Taichung 1,273,300 TWD
Tainan 1,181,200 TWD
Taipei 1,259,300 TWD

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