Average Private Banker Salary in Egypt for 2024

In this article, we will look at the average Private Banker salary for 2024 in Egypt 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 Egyptian pound. To keep things simple, we are using the EGP currency code instead of the currency symbol £.

How Much Does a Private Banker Make in Egypt?

A Private Banker working in Egypt will typically earn around 88,620 EGP per year, and this can range from the lowest average salary of about 42,320 EGP to the highest average salary of 139,100 EGP.

Average Annual Salary
88,620 EGP
Average Monthly Salary
7,385 EGP

Lowest Annual Salary
42,320 EGP
Lowest Monthly Salary
3,526 EGP

Highest Annual Salary
139,100 EGP
Highest Monthly Salary
11,591 EGP

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

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 Private Banker Salaries in Egypt

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

Salary ranges

We already know that a Private Banker can earn between 42,320 EGP and 139,100 EGP on average in Egypt. 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 Private Banker in Egypt is 93,120 EGP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 93,120 EGP, and 50% of the population earn more than 93,120 EGP.

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 Private Banker salary in Egypt, 25% of the population are earning less than 61,400 EGP while 75% of the population earn more than 61,400 EGP.

75% of the population earn less than 117,440 EGP, and 25% of the population earn more than 117,440 EGP.

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.

Private Banker Salary by Experience Level in Egypt

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 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. A Private Banker in Egypt that has less than two years of experience can expect to earn somewhere in the region of 49,820 EGP.
  • 2 - 5 Years Experience. With two to five years of experience the average Private Banker salary would increase to 69,540 EGP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Private Banker, the average salary would be 92,900 EGP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 113,220 EGP.
  • 15 - 20 Years Experience. A Private Banker with 15 to 20 years of experience can earn an average of 119,700 EGP.
  • 20+ Years Experience. For a Private Banker with more than 20 years, the expected average salary increases to 130,400 EGP.

Average Salary by Experience Chart

0-2 Years
49,820 EGP
2-5 Years +42%
69,540 EGP
5-10 Years +31%
92,900 EGP
10-15 Years +23%
113,220 EGP
15-20 Years +6%
119,700 EGP
20+ Years +10%
130,400 EGP

Private Banker Salary by Education Level in Egypt

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 Private Banker in Egypt based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Private Banker in Egypt with a high school education can earn an average salary of 62,100 EGP.

  • Certificate or Diploma. A Private Banker in Egypt with a certificate or diploma education can earn an average salary of 69,400 EGP.

  • Bachelor's Degree. A Private Banker in Egypt with a bachelor's degree education can earn an average salary of 103,820 EGP.

  • Master's Degree. A Private Banker in Egypt with a master's degree education can earn an average salary of 125,700 EGP.

Average Salary by Education Chart

High School
62,100 EGP
Certificate or Diploma +16%
69,400 EGP
Bachelor's Degree +46%
103,820 EGP
Master's Degree +23%
125,700 EGP

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 Egypt is around 46,000 to 138,000 EGP 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.

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 Egypt, a male private banker will earn an average of 93,780 EGP, while a female private banker will earn around 84,800 EGP.

This means that a male private banker earns approximately 11% more than a female private banker for performing the same job.

Average Salary by Gender Chart in Egypt

Male
93,780 EGP
Female -11%
84,800 EGP

Private Banker Average Pay Raise in Egypt

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 Private Banker in Egypt is around 12% every 16 months.

The national average pay raise across all professions and industries in Egypt is around 9% every 17 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 = ( 12 ÷ 16 ) × 12  = 9%

What this means is that a Private Banker in Egypt can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Egypt for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Private Banker Bonus and Incentive Rates in Egypt

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 Private Banker is a moderate bonus based job, with 56% of employees reporting at least one bonus in the last 12 months.

44% 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 6%.

Received Bonus
56%
No Bonus
44%

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

Public Sector
114,380 EGP
Private Sector -7%
106,600 EGP

Salaries for Jobs Similar to a Private Banker

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

Job Title Category Salary
AML Analyst Banking 161,300 EGP
Assistant Bank Branch Manager Banking 146,200 EGP
Assistant Bank Manager Banking 196,800 EGP
ATM Manager Banking 159,400 EGP
ATM Service Technician Banking 42,040 EGP
Bank Accounts Analyst Banking 66,480 EGP
Bank Accounts Collector Banking 38,260 EGP
Bank Accounts Controller Banking 85,020 EGP
Bank Accounts Executive Banking 119,900 EGP
Bank Accounts Manager Banking 136,200 EGP
Bank Auditing Manager Banking 146,200 EGP
Bank Branch Manager Banking 187,500 EGP
Bank Branch Operations Coordinator Banking 85,760 EGP
Bank Clerk Banking 37,740 EGP
Bank Client Service Associate Banking 51,120 EGP
Bank Collector Banking 39,800 EGP
Bank Compliance Specialist Banking 97,300 EGP
Bank Manager Banking 221,500 EGP
Bank Operational Risk Manager Banking 214,000 EGP
Bank Operations Head Banking 239,000 EGP
Bank Operations Officer Banking 95,860 EGP
Bank Operations Specialist Banking 148,300 EGP
Bank Process Manager Banking 125,100 EGP
Bank Product Manager Banking 148,300 EGP
Bank Programme Manager Banking 159,100 EGP
Bank Project Manager Banking 172,200 EGP
Bank Propositions Manager Banking 159,500 EGP
Bank Quantitative Analyst Banking 116,540 EGP
Bank Regional Manager Banking 232,400 EGP
Bank Regional Risk Officer Banking 125,100 EGP
Bank Relationship Manager Banking 163,800 EGP
Bank Relationship Officer Banking 80,060 EGP
Bank Teller Banking 38,700 EGP
Banker Banking 80,540 EGP
Banking Business Analyst Banking 119,700 EGP
Banking Business Development Officer Banking 77,400 EGP
Banking Business Planning Executive Banking 167,100 EGP
Banking Product Manager Banking 138,800 EGP
Banking Reference Data Manager Banking 128,500 EGP
Banking Risk Analyst Banking 117,440 EGP
Banking Technical Analyst Banking 66,940 EGP
Bankruptcy Coordinator Banking 85,460 EGP
Bill and Account Collector Banking 41,900 EGP
Budget Analyst Banking 114,000 EGP
Capital Risk Manager Banking 212,500 EGP
Cards Marketing Manager Banking 154,700 EGP
Cash Management Manager Banking 205,700 EGP
Check Processing Manager Banking 159,500 EGP
Commercial Vault Associate Banking 116,540 EGP
Corporate Banker Banking 83,300 EGP
Corporate Dealer Banking 119,900 EGP
Credit Analyst Banking 96,720 EGP
Credit and Collections Manager Banking 159,400 EGP
Credit Card Fraud Investigator Banking 118,800 EGP
Credit Portfolio Manager Banking 232,900 EGP
Credit Risk Analyst Banking 136,200 EGP
Credit Risk Associate Banking 128,900 EGP
Direct Bank Sales Representative Banking 87,000 EGP
Exchange Control Consultant Banking 119,700 EGP
Executive Account Analyst Banking 111,000 EGP
Financial Bank Planning Consultant Banking 158,700 EGP
Financial Banking Analysis Manager Banking 168,100 EGP
Financial Banking Assistant Banking 57,320 EGP
Financial Banking Systems Manager Banking 159,400 EGP
Foreign Exchange Manager Banking 181,600 EGP
Fraud Analyst Banking 125,700 EGP
Fraud Detection Associate Banking 85,760 EGP
Fraud Detection Manager Banking 176,800 EGP
Fraud Detection Supervisor Banking 100,140 EGP
Internal Bank Audit Manager Banking 216,800 EGP
Internal Bank Auditor Banking 111,920 EGP
Internal Private Banker Banking 88,260 EGP
International Banking Manager Banking 249,600 EGP
Investment Banking Analyst Banking 176,800 EGP
Loan Analyst Banking 114,940 EGP
Loan Area Manager Banking 142,300 EGP
Loan Audit Team Leader Banking 136,100 EGP
Loan Branch Manager Banking 129,000 EGP
Loan Business Development Officer Banking 73,120 EGP
Loan Clerk Banking 40,640 EGP
Loan Collection and Recovery Manager Banking 146,200 EGP
Loan Collection Manager Banking 136,200 EGP
Loan Collector Banking 38,060 EGP
Loan Examiner Banking 55,140 EGP
Loan Officer Banking 44,140 EGP
Loan Processing Manager Banking 128,500 EGP
Loan Processor Banking 50,180 EGP
Loan Quality Assurance Auditor Banking 124,400 EGP
Loan Quality Assurance Manager Banking 136,100 EGP
Loan Quality Assurance Representative Banking 85,440 EGP
Loan Review Manager Banking 139,100 EGP
Loan Team Leader Banking 117,600 EGP
Loans Manager Banking 164,200 EGP
Mortgage Advisor Banking 78,400 EGP
Mortgage Collection Manager Banking 143,200 EGP
Mortgage Collector Banking 38,680 EGP
Mortgage Credit Analyst Banking 61,400 EGP
Mortgage Credit Manager Banking 136,100 EGP
Mortgage Development Manager Banking 150,000 EGP
Mortgage Document Reviewer Banking 52,300 EGP
Mortgage Funding Manager Banking 154,700 EGP
Mortgage Operations Manager Banking 209,500 EGP
Mortgage Payment Processing Clerk Banking 46,280 EGP
Mortgage Processing Manager Banking 130,400 EGP
Mortgage Processor Banking 55,020 EGP
Mortgage Quality Assurance Auditor Banking 113,780 EGP
Mortgage Quality Assurance Manager Banking 137,400 EGP
Mortgage Servicing Clerk Banking 41,180 EGP
Mortgage Servicing Manager Banking 127,700 EGP
Mortgage Underwriter Banking 49,820 EGP
Online Banking Manager Banking 204,000 EGP
Payment Processing Clerk Banking 39,420 EGP
Personal Banker Banking 84,880 EGP
Personal Banking Advisor Banking 91,560 EGP
Phone Banker Banking 55,820 EGP
Reconciliation and Investigation Specialist Banking 94,400 EGP
Tax Officer Banking 75,280 EGP
Teller Banking 40,040 EGP
Trade Officer Banking 47,720 EGP
Trade Product Manager Banking 134,600 EGP
Trader Banking 58,000 EGP
Treasury Operations Officer Banking 106,600 EGP

Salary Comparison by City

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

City Average Salary
Alexandria 86,800 EGP
Cairo 99,080 EGP
Sharm el-Sheikh 78,940 EGP

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