What is the salary of a bank employee

Bank clerk / banker salary in comparison

In order to work as a banker, training in a commercial area is a prerequisite - typically training as a bank clerk.

The training is dual and lasts 3 years, although it can be shortened to 2 or 2.5 years under certain conditions. As far as the school leaving certificate is concerned, there are no legal requirements. Most banks and credit institutions, however, require their trainees to have a good secondary school diploma or a high school diploma.

During their training, the prospective bank employees usually go through all areas of the respective bank or credit institution and take on all activities, from work at the counter to tasks in internal administration.

As part of their training, bank employees get to know all areas of a bank or credit institution and gain insights into savings and investment transactions, securities transactions, credit checks, foreign transactions, credit transactions, accounting, etc. The theoretical knowledge is imparted in the vocational school, the practical skills however, deepened in the respective training company.

In addition, prospective bank employees also gain insights into working with stocks, real estate, insurers, etc. The aim is to prepare the trainees comprehensively for a job in the wide-ranging world of finance.

The training remuneration for training as a bank clerk is regulated by collective bargaining agreements and amounts to 976 euros in the first year, 1,038 euros in the second year of training and 1,100 euros in the third year of training. (Status: 2018, source: German Bank Employees Association (DBV)).

During their training, bank employees go through all areas of a bank or credit institution and can then specialize in the following areas, for example:

  • Finance and accounting
  • Controlling
  • Business consulting
  • Insurance
  • Investment and investment advice
  • Real estate advice
  • human Resource
  • Office and administration
  • Corporate planning and management

A trained bank employee can also go public by trading shares. An additional bonus of training as a banker is that the path to self-employment is possible in various professional fields (e.g. as an insurance broker, real estate dealer, etc.).