FINANCE & BANKING / SALARY
SOUTH KOREA

SALARY SURVEYS

31

UPDATED
April 2024
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AVERAGE SALARY / YEAR

MOST TYPICAL SALARY / YEAR

Gross income

Net (after tax)

1294.53 KRW = 1 USD

97,308,536 KRW

$75,169 USD

Seoul

101,009,598 KRW

119,096,773 KRW

$92,000 USD

Including "Seoul"

Excluding "Seoul"

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Average Salary / Finance & Banking / South Korea

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Average salary for Finance & Banking / South Korea is 97,308,536 KRW per year. The most typical earning is 119,096,773 KRW. All data are based on 31 salary surveys. Salaries are different between men and women. Men receive an average salary of 92,817,811 KRW. Women receive a salary of 93,853,435 KRW.

Based on education, the highest salaries receive people with Masters Degree with salary of 113,659,747 KRW. The second most paid education level is Bachelors Degree with salary of 94,112,341 KRW.

Different experiences affect earning as well. People with 16-20 Years of experience receive salary of 136,443,477 KRW. Employees with 12-16 Years of experience receive 129,323,561 KRW.

Levels / Finance & Banking / South Korea (Gross KRW)

Salary Levels (KRW) per Year	Surveys	[%]
3,883,600 KRW - 6,471,399 KRW	0	n/a
6,472,700 KRW - 12,943,999 KRW	0	n/a
12,945,300 KRW - 19,416,699 KRW	2	100% 6.45%
19,418,000 KRW - 25,889,299 KRW	0	n/a
25,890,600 KRW - 32,361,999 KRW	0	n/a
32,363,300 KRW - 38,834,599 KRW	2	93.55% 6.45%
38,835,900 KRW - 45,307,299 KRW	1	87.1% 3.23%
45,308,600 KRW - 51,779,899 KRW	2	83.87% 6.45%
51,781,200 KRW - 58,252,599 KRW	1	77.42% 3.23%
58,253,900 KRW - 64,725,199 KRW	3	74.19% 9.68%
64,726,500 KRW - 71,197,899 KRW	2	64.52% 6.45%
71,199,200 KRW - 77,670,499 KRW	0	n/a
77,671,800 KRW - 84,143,199 KRW	1	58.06% 3.23%
84,144,500 KRW - 90,615,799 KRW	1	54.84% 3.23%
90,617,100 KRW - 97,088,499 KRW	2	51.61% 6.45%
97,089,800 KRW - 103,561,099 KRW	1	45.16% 3.23%
103,562,400 KRW - 110,033,799 KRW	1	41.94% 3.23%
110,035,100 KRW - 116,506,399 KRW	1	38.71% 3.23%
THE MOST TYPICAL SALARY
116,507,700 KRW - 122,979,099 KRW	4	35.48% 12.9%
122,980,400 KRW - 129,451,699 KRW	1	22.58% 3.23%
129,453,000 KRW - 135,924,399 KRW	0	n/a
135,925,700 KRW - 142,396,999 KRW	0	n/a
142,398,300 KRW - 148,869,699 KRW	1	19.35% 3.23%
148,871,000 KRW - 155,342,299 KRW	2	16.13% 6.45%
155,343,600 KRW - 161,814,999 KRW	0	n/a
161,816,300 KRW - 168,287,599 KRW	0	n/a
168,288,900 KRW - 174,760,299 KRW	0	n/a
174,761,600 KRW - 181,232,899 KRW	0	n/a
181,234,200 KRW - 187,705,599 KRW	0	n/a
187,706,900 KRW - 194,178,199 KRW	0	n/a
HIGH SALARIES
194,179,500 KRW - 207,123,499 KRW	0	n/a
207,124,800 KRW - 220,068,799 KRW	1	9.68% 3.23%
220,070,100 KRW - 233,014,099 KRW	1	6.45% 3.23%
233,015,400 KRW - 245,959,399 KRW	1	3.23% 3.23%
245,960,700 KRW - 258,904,699 KRW	0	n/a
258,906,000 KRW - 271,849,999 KRW	0	n/a
271,851,300 KRW - 284,795,299 KRW	0	n/a
284,796,600 KRW - 297,740,599 KRW	0	n/a
297,741,900 KRW - 310,685,899 KRW	0	n/a
310,687,200 KRW - 323,631,199 KRW	0	n/a
323,632,500 KRW - 453,085,599 KRW	0	n/a

Gender / Finance & Banking / South Korea (Gross KRW)

#		Surveys		AVERAGE SALARY / YEAR
1	Women	4	93,853,435 KRW
2	Men	17	92,817,811 KRW

Education / Finance & Banking / South Korea (Gross KRW)

#		Surveys
1	Masters Degree	9	113,659,747 KRW
2	Bachelors Degree	21	94,112,341 KRW
3	High School	1	17,087,797 KRW

Experience / Finance & Banking / South Korea (Gross KRW)

#		Surveys
1	16-20 Years	2	136,443,477 KRW
2	12-16 Years	6	129,323,561 KRW
3	8-12 Years	10	118,190,602 KRW
4	4-8 Years	6	78,060,168 KRW
5	2-4 Years	2	51,910,659 KRW
6	0-1 Year	3	47,897,615 KRW
7	1-2 Years	2	34,952,314 KRW

Age / Finance & Banking / South Korea (Gross KRW)

#		Surveys
1	31-35	5	127,122,860 KRW
2	36-40	7	113,789,200 KRW
3	n/a	10	106,280,925 KRW
4	41-45	3	96,830,855 KRW
5	21-25	3	40,000,981 KRW
6	26-30	3	37,153,015 KRW

Work Type / Finance & Banking / South Korea (Gross KRW)

#		Surveys
1	Contract	1	218,128,330 KRW
2	Permanent	28	96,960,308 KRW
3	Part Time	2	42,590,041 KRW

Cities / Finance & Banking / South Korea (Gross KRW)

#		Surveys
1	Seoul	28	100,973,351 KRW
2	Suwon	1	86,215,707 KRW
3	Busan	2	51,004,487 KRW

Careers / Finance & Banking / South Korea (Gross KRW)

#		Surveys
1	Investment Manager	3	165,052,594 KRW
2	Fund Manager	3	164,275,876 KRW
3	Financial Adviser	2	134,760,588 KRW
4	Risk Manager	1	128,935,202 KRW
5	Finance Manager	8	99,161,009 KRW
6	Bank Manager	3	92,558,905 KRW
7	MBA	2	82,332,117 KRW
8	Financial Analyst	3	49,321,598 KRW
9	Other Finance Career	2	46,214,726 KRW
10	Financial Accountant	1	43,366,760 KRW
11	Stock Broker	2	37,929,733 KRW
12	Bank Cashier	1	35,211,220 KRW

People's individual salary examples (surveys)

Director

Posted 21 October 2021
Key knowledge and tasks

"Confidential."

City	Education	Experience	Knowledge	Gross salary / year
Seoul	Bachelors Degree	8-12 Years	Advanced	106,116,500 KRW

Fund Manager

Posted 22 September 2021
Key knowledge and tasks

"10 Years."

City	Education	Experience	Knowledge	Gross salary / year
Seoul	Masters Degree	4-8 Years	Expert	218,128,300 KRW

Associate

Posted 20 October 2019
Key knowledge and tasks

"Just fucking do everything. Staring at the monitor."

City	Education	Experience	Knowledge	Gross salary / year
Seoul	Bachelors Degree	0-1 Year	n/a	68,034,000 KRW

Investment Manager

Posted 08 February 2019
Key knowledge and tasks

"I am a junior level worker at a venture capital firm."

City	Education	Experience	Knowledge	Gross salary / year
Seoul	Bachelors Degree	2-4 Years	n/a	46,124,100 KRW

Senior Finance Manager

Posted 14 March 2018

City	Education	Experience	Knowledge	Gross salary / year
Seoul	Masters Degree	8-12 Years	n/a	150,001,100 KRW

Junior Associate

Posted 23 January 2018
Key knowledge and tasks

"Investing in/ Accelerating early stage deep-tech startups."

City	Education	Experience	Knowledge	Gross salary / year
Busan	Bachelors Degree	1-2 Years	n/a	34,799,600 KRW

Posted 19 January 2018
Key knowledge and tasks

"Consulting 3years, university 2years, etc."

City	Education	Experience	Knowledge	Gross salary / year
Seoul	Bachelors Degree	2-4 Years	n/a	57,600,100 KRW

Senior Equity Manager

Posted 26 October 2017
Key knowledge and tasks

"Manage equity portfolio for Asia region."

City	Education	Experience	Knowledge	Gross salary / year
Seoul	Bachelors Degree	8-12 Years	n/a	114,326,400 KRW

Finance Manager

Posted 20 September 2017
Key knowledge and tasks

"This position oversees 2 Korean entities, managing a small team. 
•       Project
•       Take on ownership of the project to roll out the corporate accounting ERP system (EXACT) in Korea. 
•       Control/overview the interface system for the accurate information in EXACT
•       Ongoing tasks:
•       Accounting and reporting
•       Responsible for monthly and yearly closing of accounts (EXACT accounting system), once EXACT rollout has been completed. Until then, oversight of external accounting firm. 
•       Responsible for monthly reporting in consolidation software (HFM / HYPERION)
•       Clean up unreliable historical data that was made by external accounting firm for past years to have clean and clear accounting information in our book. 
•       Request development of our accounting system and practice like IC/revaluation
•       Treasury
•       Fund management Dividend/IC loan to group for excess cash resolution."

City	Education	Experience	Knowledge	Gross salary / year
Seoul	Bachelors Degree	8-12 Years	n/a	59,448,700 KRW

Deputy Manager

Posted 08 August 2017
Key knowledge and tasks

"Develop sales pipeline through clsoe collaboration with allocated braches."

City	Education	Experience	Knowledge	Gross salary / year
Seoul	Bachelors Degree	12-16 Years	n/a	91,461,100 KRW

Posted 22 July 2017
Key knowledge and tasks

"Research analyst in an investment bank."

City	Education	Experience	Knowledge	Gross salary / year
Seoul	High School	0-1 Year	n/a	17,148,600 KRW

FINANCE & BANKING / SALARY SOUTH KOREA

31