Average Online Banking Manager Salary in Ethiopia for 2024

In this article, we will look at the average Online Banking Manager salary for 2024 in Ethiopia 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 Ethiopian birr. To keep things simple, we are using the ETB currency code instead of the currency symbol Br.

How Much Does an Online Banking Manager Make in Ethiopia?

An Online Banking Manager working in Ethiopia will typically earn around 197,600 ETB per year, and this can range from the lowest average salary of about 103,820 ETB to the highest average salary of 301,700 ETB.

Average Annual Salary
197,600 ETB
Average Monthly Salary
16,466 ETB

Lowest Annual Salary
103,820 ETB
Lowest Monthly Salary
8,651 ETB

Highest Annual Salary
301,700 ETB
Highest Monthly Salary
25,141 ETB

These are average salaries for an Online Banking Manager in Ethiopia and include benefits such as housing and transport. It's also possible for an Online Banking Manager to earn more or less than the average salaries shown above.

Online Banking Manager 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 Online Banking Manager Salaries in Ethiopia

So we've looked at the average salaries an Online Banking Manager will earn in Ethiopia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Online Banking Manager can earn between 103,820 ETB and 301,700 ETB on average in Ethiopia. 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 Online Banking Manager in Ethiopia is 192,000 ETB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 192,000 ETB, and 50% of the population earn more than 192,000 ETB.

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 Online Banking Manager salary in Ethiopia, 25% of the population are earning less than 130,400 ETB while 75% of the population earn more than 130,400 ETB.

75% of the population earn less than 239,000 ETB, and 25% of the population earn more than 239,000 ETB.

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.

Online Banking Manager Salary by Experience Level in Ethiopia

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 online banking manager 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 Online Banking Manager in Ethiopia that has less than two years of experience can expect to earn somewhere in the region of 118,260 ETB.
  • 2 - 5 Years Experience. With two to five years of experience the average Online Banking Manager salary would increase to 158,700 ETB.
  • 5 - 10 Years Experience. From five to ten years of experience as an Online Banking Manager, the average salary would be 205,700 ETB.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 246,500 ETB.
  • 15 - 20 Years Experience. An Online Banking Manager with 15 to 20 years of experience can earn an average of 272,800 ETB.
  • 20+ Years Experience. For an Online Banking Manager with more than 20 years, the expected average salary increases to 282,500 ETB.

Average Salary by Experience Chart

0-2 Years
118,260 ETB
2-5 Years +34%
158,700 ETB
5-10 Years +30%
205,700 ETB
10-15 Years +21%
246,500 ETB
15-20 Years +9%
272,800 ETB
20+ Years +5%
282,500 ETB

Online Banking Manager Salary by Education Level in Ethiopia

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 Online Banking Manager in Ethiopia 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 Online Banking Manager in Ethiopia with a bachelor's degree education can earn an average salary of 164,200 ETB.

  • Master's Degree. An Online Banking Manager in Ethiopia with a master's degree education can earn an average salary of 228,000 ETB.

Average Salary by Education Chart

Bachelor's Degree
164,200 ETB
Master's Degree +39%
228,000 ETB

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 Ethiopia is around 44,500 to 133,000 ETB 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.

Online Banking Manager 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 Ethiopia, a male online banking manager will earn an average of 209,500 ETB, while a female online banking manager will earn around 192,000 ETB.

This means that a male online banking manager earns approximately 9% more than a female online banking manager for performing the same job.

Average Salary by Gender Chart in Ethiopia

Male
209,500 ETB
Female -9%
192,000 ETB

Online Banking Manager Average Pay Raise in Ethiopia

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 Online Banking Manager in Ethiopia is around 9% every 29 months.

The national average pay raise across all professions and industries in Ethiopia is around 4% every 29 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 = ( 9 ÷ 29 ) × 12  = 4%

What this means is that an Online Banking Manager in Ethiopia can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Ethiopia for 2024

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

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

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

Online Banking Manager Bonus and Incentive Rates in Ethiopia

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 Online Banking Manager is a moderate bonus based job, with 62% of employees reporting at least one bonus in the last 12 months.

38% 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 6% to 8%.

Received Bonus
62%
No Bonus
38%

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

Public Sector
113,780 ETB
Private Sector -15%
99,080 ETB

Salaries for Jobs Similar to an Online Banking Manager

In the table below, we have salary information for jobs that are similar to an Online Banking Manager in Ethiopia.

Job Title Category Salary
AML Analyst Banking 164,200 ETB
Assistant Bank Branch Manager Banking 138,200 ETB
Assistant Bank Manager Banking 180,500 ETB
ATM Manager Banking 148,300 ETB
ATM Service Technician Banking 45,060 ETB
Bank Accounts Analyst Banking 61,460 ETB
Bank Accounts Collector Banking 38,180 ETB
Bank Accounts Controller Banking 76,280 ETB
Bank Accounts Executive Banking 111,700 ETB
Bank Accounts Manager Banking 139,100 ETB
Bank Auditing Manager Banking 137,400 ETB
Bank Branch Manager Banking 196,800 ETB
Bank Branch Operations Coordinator Banking 80,920 ETB
Bank Clerk Banking 38,140 ETB
Bank Client Service Associate Banking 52,460 ETB
Bank Collector Banking 37,740 ETB
Bank Compliance Specialist Banking 95,980 ETB
Bank Manager Banking 218,900 ETB
Bank Operational Risk Manager Banking 207,700 ETB
Bank Operations Head Banking 216,800 ETB
Bank Operations Officer Banking 89,120 ETB
Bank Operations Specialist Banking 134,600 ETB
Bank Process Manager Banking 129,000 ETB
Bank Product Manager Banking 148,300 ETB
Bank Programme Manager Banking 152,100 ETB
Bank Project Manager Banking 172,200 ETB
Bank Propositions Manager Banking 152,300 ETB
Bank Quantitative Analyst Banking 109,720 ETB
Bank Regional Manager Banking 228,000 ETB
Bank Regional Risk Officer Banking 109,340 ETB
Bank Relationship Manager Banking 161,600 ETB
Bank Relationship Officer Banking 78,160 ETB
Bank Teller Banking 36,720 ETB
Banker Banking 80,840 ETB
Banking Business Analyst Banking 115,640 ETB
Banking Business Development Officer Banking 71,280 ETB
Banking Business Planning Executive Banking 172,200 ETB
Banking Product Manager Banking 136,200 ETB
Banking Reference Data Manager Banking 119,900 ETB
Banking Risk Analyst Banking 111,920 ETB
Banking Technical Analyst Banking 64,720 ETB
Bankruptcy Coordinator Banking 84,180 ETB
Bill and Account Collector Banking 42,400 ETB
Budget Analyst Banking 110,380 ETB
Capital Risk Manager Banking 209,500 ETB
Cards Marketing Manager Banking 138,800 ETB
Cash Management Manager Banking 197,600 ETB
Check Processing Manager Banking 142,300 ETB
Commercial Vault Associate Banking 110,500 ETB
Corporate Banker Banking 82,200 ETB
Corporate Dealer Banking 125,100 ETB
Credit Analyst Banking 84,880 ETB
Credit and Collections Manager Banking 159,400 ETB
Credit Card Fraud Investigator Banking 116,740 ETB
Credit Portfolio Manager Banking 207,800 ETB
Credit Risk Analyst Banking 123,400 ETB
Credit Risk Associate Banking 125,100 ETB
Direct Bank Sales Representative Banking 78,620 ETB
Exchange Control Consultant Banking 115,600 ETB
Executive Account Analyst Banking 116,420 ETB
Financial Bank Planning Consultant Banking 142,300 ETB
Financial Banking Analysis Manager Banking 172,200 ETB
Financial Banking Assistant Banking 51,900 ETB
Financial Banking Systems Manager Banking 161,600 ETB
Foreign Exchange Manager Banking 169,000 ETB
Fraud Analyst Banking 127,700 ETB
Fraud Detection Associate Banking 80,760 ETB
Fraud Detection Manager Banking 181,600 ETB
Fraud Detection Supervisor Banking 96,160 ETB
Internal Bank Audit Manager Banking 207,800 ETB
Internal Bank Auditor Banking 105,440 ETB
Internal Private Banker Banking 83,420 ETB
International Banking Manager Banking 239,300 ETB
Investment Banking Analyst Banking 159,500 ETB
Loan Analyst Banking 106,440 ETB
Loan Area Manager Banking 137,400 ETB
Loan Audit Team Leader Banking 125,700 ETB
Loan Branch Manager Banking 123,400 ETB
Loan Business Development Officer Banking 69,400 ETB
Loan Clerk Banking 41,980 ETB
Loan Collection and Recovery Manager Banking 142,300 ETB
Loan Collection Manager Banking 130,400 ETB
Loan Collector Banking 35,420 ETB
Loan Examiner Banking 48,740 ETB
Loan Officer Banking 42,040 ETB
Loan Processing Manager Banking 125,700 ETB
Loan Processor Banking 51,400 ETB
Loan Quality Assurance Auditor Banking 112,660 ETB
Loan Quality Assurance Manager Banking 136,100 ETB
Loan Quality Assurance Representative Banking 86,740 ETB
Loan Review Manager Banking 125,700 ETB
Loan Team Leader Banking 119,900 ETB
Loans Manager Banking 151,800 ETB
Mortgage Advisor Banking 79,500 ETB
Mortgage Collection Manager Banking 130,400 ETB
Mortgage Collector Banking 36,160 ETB
Mortgage Credit Analyst Banking 61,780 ETB
Mortgage Credit Manager Banking 125,700 ETB
Mortgage Development Manager Banking 142,300 ETB
Mortgage Document Reviewer Banking 52,180 ETB
Mortgage Funding Manager Banking 150,000 ETB
Mortgage Operations Manager Banking 207,700 ETB
Mortgage Payment Processing Clerk Banking 45,580 ETB
Mortgage Processing Manager Banking 125,700 ETB
Mortgage Processor Banking 52,820 ETB
Mortgage Quality Assurance Auditor Banking 109,340 ETB
Mortgage Quality Assurance Manager Banking 125,100 ETB
Mortgage Servicing Clerk Banking 41,980 ETB
Mortgage Servicing Manager Banking 125,100 ETB
Mortgage Underwriter Banking 48,940 ETB
Payment Processing Clerk Banking 40,240 ETB
Personal Banker Banking 78,400 ETB
Personal Banking Advisor Banking 80,520 ETB
Phone Banker Banking 52,880 ETB
Private Banker Banking 84,880 ETB
Reconciliation and Investigation Specialist Banking 94,940 ETB
Tax Officer Banking 65,920 ETB
Teller Banking 38,780 ETB
Trade Officer Banking 45,720 ETB
Trade Product Manager Banking 130,400 ETB
Trader Banking 52,820 ETB
Treasury Operations Officer Banking 103,820 ETB

Salary Comparison by City

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

City Average Salary
Adis Abeba 204,800 ETB
Gonder 184,500 ETB
Mekele 156,400 ETB

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