Average Banker Salary

The average Banker salary in UK is £24,451.41
The hourly average pay for a Banker salary in UK is £11.76
The starting salary for a junior Banker in UK is £16,500.00 per year or £7.93 per hour

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What does a Banker earn?

On average, bankers earn around £24,451.41 per year in the UK. Bankers oversee the running of their branch or their part of a financial institution. They help clients set up new accounts, manage finances and advise on financial products. Bankers can work in a local branch, national organisation, or within a private company.

How to earn more as a Banker

To become a banker, you can complete a degree in management or finance before applying to do a management trainee scheme. You can also start in a junior position and advance towards the job as you gain experience. To earn more as a banker, you can aim to get your chartered banker status or move into corporate or investment banking.

Average Salary: £24,451.41

Min: £16,500.00 Max: £60,000.00

Average Banker Salary in UK : £24,451.41


Read about Banker salaries, related jobs and salary information across the UK

Banker Salary data from the ONS

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Recommended Banker Jobs in UK

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Salary by Region

Compare Banker salaries across different regions

Region Salary
Scotland £17,250.00
East Midlands £17,823.00
Eastern £18,949.76
London £18,175.59
North West £17,569.26
South East £16,792.32
South West £19,605.61
West Midlands £19,884.24

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Understanding the Average Banker Salary in the UK

As a banker in the UK, it's important to have a clear understanding of the average salary in the industry. According to average Banking and Insurance salaries, the average salary for a banker in the UK is £24,500 per year. This figure can vary depending on factors such as experience, qualifications, and location.

Salary Expectations for Newly Qualified Banker

If you're a newly qualified banker, you may be wondering what salary you can expect. To get an idea of the current salary range, it's recommended to check out the latest job listings on a reputable job search website like job search. This will give you an insight into the salary expectations for entry-level positions in the banking industry.

Salaries for Experienced Banker

As you gain experience and progress in your banking career, your salary is likely to increase. Experienced bankers in the UK can earn anywhere between £16,500 and £60,000 per year. Factors such as job title, seniority, and performance can influence the salary range for experienced bankers.

Creating a Banker CV

When applying for banking positions, having a well-crafted CV is essential. To ensure your CV stands out from the competition, you can use a professional CV template specifically designed for bankers. This template will help you highlight your skills, qualifications, and experience in a clear and concise manner, increasing your chances of landing your desired banking job.

Career Development Opportunities for Banker

As a banker, there are numerous career development opportunities available to help you progress in your profession. Whether you're looking to specialize in a specific area of banking or move into a more senior role, it's important to stay updated with the latest industry trends and advancements. You can find valuable career advice to guide you on your path to success in the banking industry.

Comprehensive Compensation for Banker

Aside from the base salary, bankers in the UK often receive comprehensive compensation packages. These packages may include bonuses, commission, pension schemes, healthcare benefits, and other perks. The specific components of your compensation package will depend on your employer and the level of your position within the bank.

Strategies for Increasing Your Salary as a Banker

If you're looking to increase your salary as a banker, there are several strategies you can employ. These include continuously improving your skills and knowledge, taking on additional responsibilities, seeking promotions, and staying updated with industry trends. By demonstrating your value to your employer and consistently delivering exceptional results, you can position yourself for salary advancements and higher earning potential.

Professional Development and Earnings

Investing in your professional development can have a direct impact on your earnings as a banker. By pursuing additional qualifications, attending industry conferences, and participating in relevant training programs, you can enhance your expertise and increase your value in the job market. This, in turn, can lead to higher earning potential and more lucrative career opportunities.

Capitalising on Extra Hours and Duties

As a banker, it's not uncommon to work extra hours or take on additional duties. While this may require additional effort, it can also present opportunities for increased earnings. Some banks offer overtime pay or bonuses for working beyond regular hours, and taking on additional responsibilities can demonstrate your commitment and dedication, potentially leading to salary advancements or promotions.

About Check-a-Salary

We believe people should have access to all salary data to help them to make informed life decisions at every juncture in their careers. Whether you are a school leaver, recent graduate, considering changing jobs, moving to a new location, or salary benchmarking you can make better decisions if equipped with our salary insight.