How much a banking consultant earns depends on various factors. These professionals are often approached by ordinary people when it comes to matters of money.
Related topics: Anticipated salary increase in Germany in 2024
Therefore, it is important not only to possess the necessary knowledge of the profession but also to be able to communicate effectively with clients. Communication skills can, at a certain point, serve as a catalyst for further career advancement.
Average salary of a banking consultant nationwide
The average salary of a banking consultant in Germany is €50,500 per year.
This is the average value for private employment relationships. If payment is made according to a tariff, the income level may differ.
The entire salary range extends from approximately €30,000 to €79,000 per year. Qualifications and work experience also play a crucial role.
How much one can earn primarily depends on where the individual works: in a traditional bank or a savings bank. Despite nearly identical work, if payment is based on a tariff, the income level will differ.
Another criterion is personal qualification. Since the path to a career as a banking consultant is not uniformly regulated, there are various options, which, in turn, open up prospects for a higher salary.
In addition to these criteria, it is also essential to learn more about the company's location and possible further education. The most critical criterion when it comes to the salary of banking consultants is the actual workplace.
In a traditional bank, employees enter into private law employment relationships. The salary depends on the market and roughly corresponds to the national average values.
Working in a savings bank involves entering into employment relationships according to public law. The salary here is in accordance with the TVöD-S pay scale. A specific tariff group is assigned.
When working as a banking consultant in the public sector, for example, in a savings bank, an individual is usually included in a collective agreement. Each pay group from 2 to 15 consists of 6 levels. Therefore, each specialist in this position has significant potential for further development.
Related topics:
Salaries in Germany for banking consultants are expected to increase in 2024, as indicated by the Anticipated salary increase in Germany in 2024 article. The average salary of a banking consultant in Germany is currently €50,500 per year, with a salary range extending from approximately €30,000 to €79,000 per year, depending on qualifications and work experience.
The anticipated salary increase for banking consultants in Germany in 2024 is a topic of interest. Salaries in Germany for banking consultants can vary significantly, with the average being €50,500 per year, according to recent data.
