BANKS / SALARY
KENYA

SALARY SURVEYS

13

UPDATED
April 2024
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AVERAGE SALARY / YEAR

MOST TYPICAL SALARY / YEAR

Gross income

Net (after tax)

157.53 KES = 1 USD

5,340,277 KES

$33,900 USD

Nairobi

6,056,252 KES

1,890,363 KES

$12,000 USD

Including "Nairobi"

Excluding "Nairobi"

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Average Salary / Banks / Kenya

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Average salary for Banks / Kenya is 5,340,277 KES per year. The most typical earning is 1,890,363 KES. All data are based on 13 salary surveys. Salaries are different between men and women. Men receive an average salary of 2,898,557 KES. Women receive a salary of 8,191,576 KES.

Based on education, the highest salaries receive people with Bachelors Degree with salary of 6,884,074 KES. The second most paid education level is Masters Degree with salary of 2,221,177 KES.

Different experiences affect earning as well. People with 0-1 Year of experience receive salary of 30,828,681 KES. Employees with 12-16 Years of experience receive 11,342,182 KES.

Levels / Banks / Kenya (Gross KES)

Salary Levels (KES) per Year	Surveys	[%]
157,500 KES - 314,899 KES	0	n/a
315,100 KES - 472,399 KES	0	n/a
472,600 KES - 787,499 KES	1	100% 7.69%
787,700 KES - 1,575,099 KES	1	92.31% 7.69%
THE MOST TYPICAL SALARY
1,575,300 KES - 2,362,799 KES	5	84.62% 38.46%
2,363,000 KES - 3,150,399 KES	2	46.15% 15.38%
3,150,600 KES - 3,938,099 KES	1	30.77% 7.69%
3,938,300 KES - 4,725,799 KES	0	n/a
4,725,900 KES - 5,513,399 KES	0	n/a
5,513,600 KES - 6,301,099 KES	1	23.08% 7.69%
6,301,200 KES - 7,088,699 KES	0	n/a
7,088,900 KES - 7,876,399 KES	0	n/a
7,876,500 KES - 8,663,999 KES	0	n/a
8,664,200 KES - 9,451,699 KES	0	n/a
9,451,800 KES - 10,239,299 KES	0	n/a
10,239,500 KES - 11,026,999 KES	0	n/a
11,027,100 KES - 11,814,599 KES	1	15.38% 7.69%
11,814,800 KES - 12,602,299 KES	0	n/a
12,602,400 KES - 13,389,899 KES	0	n/a
13,390,100 KES - 14,177,599 KES	0	n/a
14,177,700 KES - 14,965,199 KES	0	n/a
14,965,400 KES - 15,752,899 KES	0	n/a
15,753,000 KES - 16,540,499 KES	0	n/a
16,540,700 KES - 17,328,199 KES	0	n/a
17,328,300 KES - 18,115,799 KES	0	n/a
18,116,000 KES - 18,903,499 KES	0	n/a
18,903,600 KES - 19,691,099 KES	0	n/a
19,691,300 KES - 20,478,799 KES	0	n/a
20,478,900 KES - 21,266,399 KES	0	n/a
21,266,600 KES - 22,054,099 KES	0	n/a
22,054,200 KES - 22,841,699 KES	0	n/a
22,841,900 KES - 23,629,399 KES	0	n/a
HIGH SALARIES
23,629,500 KES - 25,204,699 KES	0	n/a
25,204,800 KES - 26,779,999 KES	0	n/a
26,780,200 KES - 28,355,299 KES	0	n/a
28,355,500 KES - 29,930,599 KES	0	n/a
29,930,800 KES - 31,505,899 KES	1	7.69% 7.69%
31,506,100 KES - 33,081,199 KES	0	n/a
33,081,400 KES - 34,656,499 KES	0	n/a
34,656,700 KES - 36,231,799 KES	0	n/a
36,232,000 KES - 37,807,099 KES	0	n/a
37,807,300 KES - 39,382,399 KES	0	n/a
39,382,600 KES - 55,135,599 KES	0	n/a

Gender / Banks / Kenya (Gross KES)

#		Surveys		AVERAGE SALARY / YEAR
1	Women	6	8,191,576 KES
2	Men	7	2,898,557 KES

Education / Banks / Kenya (Gross KES)

#		Surveys
1	Bachelors Degree	9	6,884,074 KES
2	Masters Degree	3	2,221,177 KES
3	Some College	1	756,145 KES

Experience / Banks / Kenya (Gross KES)

#		Surveys
1	0-1 Year	1	30,828,681 KES
2	12-16 Years	1	11,342,182 KES
3	8-12 Years	5	3,544,431 KES
4	4-8 Years	3	1,606,809 KES
5	2-4 Years	1	1,591,056 KES
6	1-2 Years	2	1,559,550 KES

Age / Banks / Kenya (Gross KES)

#		Surveys
1	21-25	2	16,209,868 KES
2	36-40	3	5,844,374 KES
3	26-30	5	2,835,545 KES
4	31-35	3	1,748,586 KES

Work Type / Banks / Kenya (Gross KES)

#		Surveys
1	Part Time	1	30,828,681 KES
2	Permanent	9	3,764,974 KES
3	Contract	3	1,575,303 KES

Cities / Banks / Kenya (Gross KES)

#		Surveys
1	Nairobi	11	6,049,163 KES
2	Nakuru	1	1,874,610 KES
3	--Other--	1	929,428 KES

People's individual salary examples (surveys)

Insurance

Posted 14 July 2020
Key knowledge and tasks

"Calculate premiums, refunds, commissions, adjustments, and new reserve requirements, using insurance rate standards. 
Check computations of interest accrued, premiums due, and settlement surrender on loan values. 
Collect initial premiums and issue receipts. 
Compare information from application to criteria for policy reinstatement and approve reinstatement when criteria are met. 
Compose business correspondence for supervisors, managers and professionals. 
Correspond with insured or agent to obtain information or inform them account status or changes."

City	Education	Experience	Knowledge	Gross salary / year
Nakuru	Bachelors Degree	4-8 Years	n/a	1,881,100 KES

Bank Clerk

Posted 07 January 2020
Key knowledge and tasks

"Digital Financial Services."

City	Education	Experience	Knowledge	Gross salary / year
Nairobi	Bachelors Degree	8-12 Years	n/a	2,445,300 KES

Logistics Officer

Posted 08 November 2019
Key knowledge and tasks

"Having worked with a bank for 11 years, 5 years as a Section Head (2012- mid 2016) and three years as a Supervisor i do these duties
1. Store Physically/Digitally, manage and track company documents/inventory for over 160 Co-op Bank Branches and over 4000 staff from all over the country as well as southern Sudan. 
2. Scan, organize and maintain documents, adhering to company document/inventory retention period and procedures
3. Archive active /inactive records in accordance to the record retention schedule. 
4. Control the retrieval of documents/inventory depending with the purpose and intention for requests
5. Organize the transport of Documents/inventory to the storage Centre in liaison with the couriers contracted by the Bank (G4S, Wells Fargo) from all over the country and South Sudan."

City	Education	Experience	Knowledge	Gross salary / year
Nairobi	Bachelors Degree	8-12 Years	n/a	3,936,200 KES

Treasury

Posted 16 September 2019
Key knowledge and tasks

"Treasury and Trade."

City	Education	Experience	Knowledge	Gross salary / year
Nairobi	Bachelors Degree	8-12 Years	n/a	3,023,000 KES

Head Of Trade Operations

Posted 13 August 2019
Key knowledge and tasks

"Head of trade operations managing people and growth strategy."

City	Education	Experience	Knowledge	Gross salary / year
Nairobi	Bachelors Degree	12-16 Years	n/a	11,336,500 KES

Business Process Analyst

Posted 29 January 2019
Key knowledge and tasks

"Process re-engineering."

City	Education	Experience	Knowledge	Gross salary / year
Nairobi	Some College	4-8 Years	n/a	755,700 KES

Dealer

Posted 23 March 2018
Key knowledge and tasks

"Dealing and Selling."

City	Education	Experience	Knowledge	Gross salary / year
Nairobi	Masters Degree	1-2 Years	n/a	2,182,400 KES

Product Development

Posted 15 August 2017
Key knowledge and tasks

"Product design and development."

City	Education	Experience	Knowledge	Gross salary / year
Nairobi	Masters Degree	8-12 Years	n/a	2,281,800 KES

BANKS / SALARY KENYA

13