Average Personal Banker Salary in Seychelles for 2024

In this article, we will look at the average Personal Banker salary for 2024 in Seychelles 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 Seychellois rupee. To keep things simple, we are using the SCR currency code instead of the currency symbol โ‚จ.

How Much Does a Personal Banker Make in Seychelles?

A Personal Banker working in Seychelles will typically earn around 172,200 SCR per year, and this can range from the lowest average salary of about 78,260 SCR to the highest average salary of 271,300 SCR.

Average Annual Salary
172,200 SCR
Average Monthly Salary
14,350 SCR

Lowest Annual Salary
78,260 SCR
Lowest Monthly Salary
6,521 SCR

Highest Annual Salary
271,300 SCR
Highest Monthly Salary
22,608 SCR

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

Personal 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 Personal Banker Salaries in Seychelles

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

Salary ranges

We already know that a Personal Banker can earn between 78,260 SCR and 271,300 SCR on average in Seychelles. 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 Personal Banker in Seychelles is 181,600 SCR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 181,600 SCR, and 50% of the population earn more than 181,600 SCR.

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 Personal Banker salary in Seychelles, 25% of the population are earning less than 117,380 SCR while 75% of the population earn more than 117,380 SCR.

75% of the population earn less than 238,900 SCR, and 25% of the population earn more than 238,900 SCR.

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.

Personal Banker Salary by Experience Level in Seychelles

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 personal 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 Personal Banker in Seychelles that has less than two years of experience can expect to earn somewhere in the region of 91,520 SCR.
  • 2 - 5 Years Experience. With two to five years of experience the average Personal Banker salary would increase to 125,700 SCR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Personal Banker, the average salary would be 181,600 SCR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 218,900 SCR.
  • 15 - 20 Years Experience. A Personal Banker with 15 to 20 years of experience can earn an average of 233,600 SCR.
  • 20+ Years Experience. For a Personal Banker with more than 20 years, the expected average salary increases to 254,700 SCR.

Average Salary by Experience Chart

0-2 Years
91,520 SCR
2-5 Years +38%
125,700 SCR
5-10 Years +42%
181,600 SCR
10-15 Years +22%
218,900 SCR
15-20 Years +6%
233,600 SCR
20+ Years +9%
254,700 SCR

Personal Banker Salary by Education Level in Seychelles

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 Personal Banker in Seychelles 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 Personal Banker in Seychelles with a certificate or diploma education can earn an average salary of 109,720 SCR.

  • Bachelor's Degree. A Personal Banker in Seychelles with a bachelor's degree education can earn an average salary of 174,000 SCR.

  • Master's Degree. A Personal Banker in Seychelles with a master's degree education can earn an average salary of 243,000 SCR.

Average Salary by Education Chart

Certificate or Diploma
109,720 SCR
Bachelor's Degree +58%
174,000 SCR
Master's Degree +39%
243,000 SCR

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 Seychelles is around 98,200 to 295,000 SCR 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.

Personal 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 Seychelles, a male personal banker will earn an average of 183,600 SCR, while a female personal banker will earn around 159,500 SCR.

This means that a male personal banker earns approximately 15% more than a female personal banker for performing the same job.

Average Salary by Gender Chart in Seychelles

Male
183,600 SCR
Female -15%
159,500 SCR

Personal Banker Average Pay Raise in Seychelles

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 Personal Banker in Seychelles is around 8% every 27 months.

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

Annual Pay Raise by Industry in Seychelles for 2024

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

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%

Personal Banker Bonus and Incentive Rates in Seychelles

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 Personal 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 Seychelles earn approximately 5% more than private sector employees in the same role.

Public Sector
240,500 SCR
Private Sector -5%
228,500 SCR

Salaries for Jobs Similar to a Personal Banker

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

Job Title Category Salary
AML Analyst Banking 349,300 SCR
Assistant Bank Branch Manager Banking 282,500 SCR
Assistant Bank Manager Banking 389,200 SCR
ATM Manager Banking 325,900 SCR
ATM Service Technician Banking 88,300 SCR
Bank Accounts Analyst Banking 129,000 SCR
Bank Accounts Collector Banking 80,840 SCR
Bank Accounts Controller Banking 172,200 SCR
Bank Accounts Executive Banking 253,400 SCR
Bank Accounts Manager Banking 288,700 SCR
Bank Auditing Manager Banking 288,100 SCR
Bank Branch Manager Banking 388,100 SCR
Bank Branch Operations Coordinator Banking 180,500 SCR
Bank Clerk Banking 80,920 SCR
Bank Client Service Associate Banking 106,760 SCR
Bank Collector Banking 80,340 SCR
Bank Compliance Specialist Banking 215,100 SCR
Bank Manager Banking 487,600 SCR
Bank Operational Risk Manager Banking 459,300 SCR
Bank Operations Head Banking 504,400 SCR
Bank Operations Officer Banking 185,100 SCR
Bank Operations Specialist Banking 301,600 SCR
Bank Process Manager Banking 272,800 SCR
Bank Product Manager Banking 317,700 SCR
Bank Programme Manager Banking 312,400 SCR
Bank Project Manager Banking 378,800 SCR
Bank Propositions Manager Banking 345,700 SCR
Bank Quantitative Analyst Banking 232,400 SCR
Bank Regional Manager Banking 493,000 SCR
Bank Regional Risk Officer Banking 253,400 SCR
Bank Relationship Manager Banking 361,600 SCR
Bank Relationship Officer Banking 169,000 SCR
Bank Teller Banking 88,240 SCR
Banker Banking 159,500 SCR
Banking Business Analyst Banking 251,500 SCR
Banking Business Development Officer Banking 159,500 SCR
Banking Business Planning Executive Banking 348,300 SCR
Banking Product Manager Banking 301,300 SCR
Banking Reference Data Manager Banking 266,000 SCR
Banking Risk Analyst Banking 246,200 SCR
Banking Technical Analyst Banking 128,900 SCR
Bankruptcy Coordinator Banking 180,300 SCR
Bill and Account Collector Banking 85,020 SCR
Budget Analyst Banking 232,400 SCR
Capital Risk Manager Banking 466,900 SCR
Cards Marketing Manager Banking 301,700 SCR
Cash Management Manager Banking 448,500 SCR
Check Processing Manager Banking 330,700 SCR
Commercial Vault Associate Banking 246,200 SCR
Corporate Banker Banking 185,100 SCR
Corporate Dealer Banking 247,800 SCR
Credit Analyst Banking 194,600 SCR
Credit and Collections Manager Banking 335,100 SCR
Credit Card Fraud Investigator Banking 254,800 SCR
Credit Portfolio Manager Banking 444,300 SCR
Credit Risk Analyst Banking 265,000 SCR
Credit Risk Associate Banking 266,000 SCR
Direct Bank Sales Representative Banking 172,200 SCR
Exchange Control Consultant Banking 265,000 SCR
Executive Account Analyst Banking 231,000 SCR
Financial Bank Planning Consultant Banking 319,600 SCR
Financial Banking Analysis Manager Banking 357,700 SCR
Financial Banking Assistant Banking 113,560 SCR
Financial Banking Systems Manager Banking 325,900 SCR
Foreign Exchange Manager Banking 345,700 SCR
Fraud Analyst Banking 253,400 SCR
Fraud Detection Associate Banking 172,200 SCR
Fraud Detection Manager Banking 388,100 SCR
Fraud Detection Supervisor Banking 204,000 SCR
Internal Bank Audit Manager Banking 466,900 SCR
Internal Bank Auditor Banking 246,500 SCR
Internal Private Banker Banking 183,700 SCR
International Banking Manager Banking 518,900 SCR
Investment Banking Analyst Banking 354,000 SCR
Loan Analyst Banking 243,000 SCR
Loan Area Manager Banking 301,300 SCR
Loan Audit Team Leader Banking 283,400 SCR
Loan Branch Manager Banking 275,500 SCR
Loan Business Development Officer Banking 150,000 SCR
Loan Clerk Banking 87,520 SCR
Loan Collection and Recovery Manager Banking 290,800 SCR
Loan Collection Manager Banking 288,700 SCR
Loan Collector Banking 78,160 SCR
Loan Examiner Banking 102,620 SCR
Loan Officer Banking 96,960 SCR
Loan Processing Manager Banking 254,700 SCR
Loan Processor Banking 104,920 SCR
Loan Quality Assurance Auditor Banking 263,200 SCR
Loan Quality Assurance Manager Banking 290,800 SCR
Loan Quality Assurance Representative Banking 192,600 SCR
Loan Review Manager Banking 288,100 SCR
Loan Team Leader Banking 254,800 SCR
Loans Manager Banking 322,600 SCR
Mortgage Advisor Banking 172,200 SCR
Mortgage Collection Manager Banking 294,700 SCR
Mortgage Collector Banking 83,020 SCR
Mortgage Credit Analyst Banking 128,900 SCR
Mortgage Credit Manager Banking 275,200 SCR
Mortgage Development Manager Banking 311,700 SCR
Mortgage Document Reviewer Banking 105,300 SCR
Mortgage Funding Manager Banking 311,700 SCR
Mortgage Operations Manager Banking 447,300 SCR
Mortgage Payment Processing Clerk Banking 98,000 SCR
Mortgage Processing Manager Banking 275,200 SCR
Mortgage Processor Banking 107,820 SCR
Mortgage Quality Assurance Auditor Banking 253,400 SCR
Mortgage Quality Assurance Manager Banking 288,100 SCR
Mortgage Servicing Clerk Banking 80,280 SCR
Mortgage Servicing Manager Banking 259,100 SCR
Mortgage Underwriter Banking 105,440 SCR
Online Banking Manager Banking 437,900 SCR
Payment Processing Clerk Banking 88,020 SCR
Personal Banking Advisor Banking 181,600 SCR
Phone Banker Banking 125,100 SCR
Private Banker Banking 180,500 SCR
Reconciliation and Investigation Specialist Banking 207,800 SCR
Tax Officer Banking 146,200 SCR
Teller Banking 82,720 SCR
Trade Officer Banking 105,880 SCR
Trade Product Manager Banking 297,000 SCR
Trader Banking 124,400 SCR
Treasury Operations Officer Banking 227,600 SCR

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