Up to now (May 2023), banks have announced their financial reports for the first quarter of 2023, revealing information that many people are interested in, which is the average salary/income of employees in this industry.
In fact, the unit with the highest profit does not mean that it will pay the highest salary. The current ranking of bank profits is led by Vietcombank, but employees working at Techcombank are the champions in the top of the highest income in the banking industry in the first quarter of 2023.
Techcombank continues to hold the top position in employee benefits.
Specifically, according to the individual financial reports of the first quarter of 2023 of 28 commercial banks, salaries and employee allowances mostly increased compared to the same period last year, although the profit growth of many banks decreased compared to the same period.
Techcombank continues to hold the top position in employee benefits when spending nearly VND 1,600 billion on salaries and allowances for employees. The average income (salary and allowances) is up to VND 46.46 million/month (equal to the same period in 2022 but an increase of VND 3.4 million compared to the average income in 2022).
Second place belongs to MB Bank with an average employee income of 40.20 million VND/month. Third place is Vietcombank, with an average employee income of 38.66 million VND/month.
Employees at TPBank, MSB, VIB, Sacombank, VietinBank and VPBank are not too bad with an average monthly income of 30-34 million VND/person. VIB has an average income of 32.92 million VND/month, Saigonbank is 21 million VND/month. VietCapitalBank has a sharp decrease of more than 6 million VND/month compared to the same period last year, with an average income of 19.140 million VND/month.
BacA Bank, VietBank, and BaoViet Bank are the banks with the lowest employee income, averaging 15-17 million VND/person/month.
At the bottom of the rankings, ACB continues to be at the bottom when the average income of this bank's employees is only 12.9 million VND/month.
One point to note is that the average and actual income figures are different, due to the level of target completion, the characteristics between departments in the bank, and even between operational activities.
The above figures are statistics on average income from salary and allowances. Depending on each position in the bank, there will be different salary and bonus regimes and there is often a large difference because the bank pays salaries based on seniority, target completion level, characteristics between departments in the bank, even between operational activities and the overall performance of each branch.
Tue Lam (Synthesis)
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