Banking Reference Data Manager Average Salary in Seoul 2026
How much money does a person working as Banking Reference Data Manager make in Seoul?
LOW
2.7M
KRW AVERAGE
5.4M
KRW HIGH
8.3M
KRW
A person working as Banking Reference Data Manager in Seoul typically earns around 5.4M KRW. Salaries range from 2.7M KRW (lowest) to 8.3M KRW (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Banking Reference Data Manager salaries in Seoul vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Banking Reference Data Manager Pay Scale and Salaries in Seoul
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Banking Reference Data Manager in Seoul range from 2.7M KRW (starting salary) to 8.3M KRW (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 4.9M KRW, half of the professionals who work as Banking Reference Data Manager in Seoul earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Banking Reference Data Manager in Seoul earn less than 4.1M KRW, while 75% earn more. Similarly, the chart shows that 75% earn less than 5.6M KRW while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Banking Reference Data Manager in Seoul compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 3.2M KRW to 4.4M KRW. About 20% of salaries are below the 3.2M KRW mark, while 10% fall within the range of 4.4M KRW to 4.9M KRW. Only 5% of individuals have salaries exceeding 4.9M KRW.
/banking/banking-reference-data-manager/median-and-salary-distribution-korea-south--banking-reference-data-manager-c114j10993.jpg "Median and salary distribution Seoul Banking Reference Data Manager")
Salary Comparison by Years of Experience / Banking Reference Data Manager / Seoul
How do experience and age affect pay?
| 0 - 2 Years | 3.1M KRW | |
| 2 - 5 Years | +31% | 4M KRW |
| 5 - 10 Years | +40% | 5.6M KRW |
| 10 - 15 Years | +20% | 6.8M KRW |
| 15 - 20 Years | +9% | 7.3M KRW |
| 20+ Years | +8% | 7.9M KRW |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Banking Reference Data Manager and this is what we found.
Employees with less than two years of experience earn approximately 3.1M KRW.
While someone with an experience level between two and five years is expected to earn 4M KRW, 31% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 5.6M KRW, 40% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 6.8M KRW, 20% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 7.3M KRW, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 7.9M KRW, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Banking Reference Data Manager / Seoul
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Banking Reference Data Manager.
| Bachelor's Degree | 3.8M KRW | |
| Master's Degree | +77% | 6.7M KRW |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Banking Reference Data Manager in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 3.8M KRW.
Level 2: Master's Degree
At this level, the average salary becomes 6.7M KRW, 77% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Korea (South) costs anywhere from 20M KRW to 59M KRW and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Banking Reference Data Manager / Seoul
/banking/salary-comparison-by-gender-korea-south--banking-c114f13.jpg "Salary comparison by gender Seoul Banking Reference Data Manager")
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Banking Reference Data Manager in Korea (South), the average difference between the salary of male and female employees is 6%.
| Male | 4.7M KRW | |
| Female | -6% | 4.4M KRW |
Average Annual Salary Increment Percentage / Banking Reference Data Manager / Seoul
How much are annual salary increments in Seoul for individuals working as Banking Reference Data Manager? How often do employees get salary raises?
Individuals working as Banking Reference Data Manager in Korea (South) are likely to observe a salary increase of approximately 13% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.
/banking/annual-salary-increment-rate-korea-south--banking-c114f13.jpg "Annual Salary Increment Rate Seoul Banking Reference Data Manager")
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Banking Reference Data Manager / Korea (South)
How much and how often are bonuses being awarded?/banking/annual-salary-bonus-rate-korea-south--banking-c114f13.jpg "Annual Salary Bonus Rate Seoul Banking Reference Data Manager")
18% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 82% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
| Received Bonus | 82% | |
| No Bonus | 18% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Banking Reference Data Manager / Seoul
The average hourly wage (pay per hour) for individuals working as Banking Reference Data Manager in Seoul is 31,000 KRW.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Banking Reference Data Manager in Seoul is 15,800 KRW. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Banking | ||
| AML Analyst | 6.5M KRW |  +100% |
| Assistant Bank Branch Manager | 5.7M KRW |  -100% |
| Assistant Bank Manager | 7.6M KRW | +100% |
| ATM Manager | 6.6M KRW | +100% |
| ATM Service Technician | 1.7M KRW | -100% |
| Bank Accounts Analyst | 2.5M KRW | -100% |
| Bank Accounts Collector | 1.5M KRW | -100% |
| Bank Accounts Controller | 3.3M KRW | -100% |
| Bank Accounts Executive | 5M KRW | +100% |
| Bank Accounts Manager | 5.4M KRW | -100% |
| Bank Auditing Manager | 5.7M KRW | -100% |
| Bank Branch Manager | 7.5M KRW | +100% |
| Bank Branch Operations Coordinator | 3.6M KRW | -100% |
| Bank Clerk | 1.5M KRW | -100% |
| Bank Client Service Associate | 2.1M KRW | -100% |
| Bank Collector | 1.6M KRW | -100% |
| Bank Compliance Specialist | 4.2M KRW | -100% |
| Bank Manager | 9.5M KRW | +100% |
| Bank Operational Risk Manager | 8.8M KRW | +100% |
| Bank Operations Head | 9.1M KRW | +100% |
| Bank Operations Officer | 3.8M KRW | -100% |
| Bank Operations Specialist | 5.5M KRW | -100% |
| Bank Process Manager | 5M KRW | +100% |
| Bank Product Manager | 6M KRW | +100% |
| Bank Programme Manager | 6.2M KRW | +100% |
| Bank Project Manager | 7.3M KRW | +100% |
| Bank Propositions Manager | 6.7M KRW | +100% |
| Bank Quantitative Analyst | 4.5M KRW | -100% |
| Bank Regional Manager | 10M KRW | -100% |
| Bank Regional Risk Officer | 5.1M KRW | -100% |
| Bank Relationship Manager | 6.9M KRW | +100% |
| Bank Relationship Officer | 3.2M KRW | -100% |
| Bank Sustainability Analyst | 5.7M KRW | -100% |
| Bank Teller | 1.7M KRW | -100% |
| Banker | 3.3M KRW | -100% |
| Banking Business Analyst | 4.9M KRW | -100% |
| Banking Business Development Officer | 3M KRW | -100% |
| Banking Business Planning Executive | 6.8M KRW | +100% |
| Banking Data Analyst | 5.5M KRW | -100% |
| Banking Product Manager | 5.8M KRW | -100% |
| Banking Reference Data Manager | 5.4M KRW | -100% |
| Banking Regulatory Compliance Officer | 5.8M KRW | -100% |
| Banking Risk Analyst | 4.9M KRW | -100% |
| Banking Technical Analyst | 2.7M KRW | -100% |
| Bankruptcy Coordinator | 3.4M KRW | -100% |
| Bill and Account Collector | 1.8M KRW | -100% |
| Blockchain Analyst | 4.3M KRW | -100% |
| Blockchain Architect | 4.7M KRW | -100% |
| Blockchain Auditor | 4.3M KRW | -100% |
| Blockchain Compliance Analyst | 4.6M KRW | -100% |
| Blockchain Consultant | 4.5M KRW | -100% |
| Blockchain Trade Facilitator | 4.1M KRW | -100% |
| Budget Analyst | 4.9M KRW | -100% |
| Capital Risk Manager | 8.9M KRW | +100% |
| Cards Marketing Manager | 5.9M KRW | -100% |
| Cash Management Manager | 8.6M KRW | +100% |
| Check Processing Manager | 6.6M KRW | +100% |
| Chief Blockchain Officer | 5.6M KRW | -100% |
| Commercial Vault Associate | 4.9M KRW | -100% |
| Corporate Banker | 3.6M KRW | -100% |
| Corporate Dealer | 4.9M KRW | -100% |
| Credit Analyst | 3.9M KRW | -100% |
| Credit and Collections Manager | 6.4M KRW | +100% |
| Credit Card Fraud Investigator | 5.1M KRW | -100% |
| Credit Portfolio Manager | 8.7M KRW | +100% |
| Credit Risk Analyst | 5.6M KRW | -100% |
| Credit Risk Associate | 5.2M KRW | -100% |
| Cryptocurrency Accountant | 3M KRW | -100% |
| Cryptocurrency Adviser | 5.9M KRW | -100% |
| Cryptocurrency Analyst | 4.6M KRW | -100% |
| Cryptocurrency Compliance Manager | 5.3M KRW | -100% |
| Cryptocurrency Trader | 4.9M KRW | -100% |
| Digital Banking Manager | 6.8M KRW | +100% |
| Digital Currency Analyst | 4.8M KRW | -100% |
| Direct Bank Sales Representative | 3.6M KRW | -100% |
| Exchange Control Consultant | 5M KRW | +100% |
| Executive Account Analyst | 4.9M KRW | -100% |
| Financial Bank Planning Consultant | 6.5M KRW | +100% |
| Financial Banking Analysis Manager | 7.2M KRW | +100% |
| Financial Banking Assistant | 2.4M KRW | -100% |
| Financial Banking Systems Manager | 6.5M KRW | +100% |
| Foreign Exchange Manager | 7.2M KRW | +100% |
| Fraud Analyst | 5.1M KRW | -100% |
| Fraud Detection Associate | 3.7M KRW | -100% |
| Fraud Detection Manager | 7.7M KRW | +100% |
| Fraud Detection Supervisor | 4.1M KRW | -100% |
| Internal Bank Audit Manager | 9.2M KRW | +100% |
| Internal Bank Auditor | 4.6M KRW | -100% |
| Internal Private Banker | 3.4M KRW | -100% |
| International Banking Manager | 10M KRW | -100% |
| Investment Banking Analyst | 7.3M KRW | +100% |
| Loan Analyst | 4.6M KRW | -100% |
| Loan Area Manager | 6.1M KRW | +100% |
| Loan Audit Team Leader | 5.7M KRW | -100% |
| Loan Branch Manager | 5.3M KRW | -100% |
| Loan Business Development Officer | 2.9M KRW | -100% |
| Loan Clerk | 1.8M KRW | -100% |
| Loan Collection and Recovery Manager | 5.8M KRW | -100% |
| Loan Collection Manager | 5.6M KRW | -100% |
| Loan Collector | 1.6M KRW | -100% |
| Loan Examiner | 2M KRW | -100% |
| Loan Officer | 1.8M KRW | -100% |
| Loan Processing Manager | 5.2M KRW | -100% |
| Loan Processor | 2.2M KRW | -100% |
| Loan Quality Assurance Auditor | 4.7M KRW | -100% |
| Loan Quality Assurance Manager | 5.4M KRW | -100% |
| Loan Quality Assurance Representative | 3.7M KRW | -100% |
| Loan Review Manager | 5.3M KRW | -100% |
| Loan Team Leader | 4.9M KRW | -100% |
| Loans Manager | 6.3M KRW | +100% |
| Mortgage Advisor | 3.5M KRW | -100% |
| Mortgage Collection Manager | 5.4M KRW | -100% |
| Mortgage Collector | 1.6M KRW | -100% |
| Mortgage Credit Analyst | 2.6M KRW | -100% |
| Mortgage Credit Manager | 5.2M KRW | -100% |
| Mortgage Development Manager | 6.2M KRW | +100% |
| Mortgage Document Reviewer | 2.2M KRW | -100% |
| Mortgage Funding Manager | 6M KRW | +100% |
| Mortgage Operations Manager | 8.6M KRW | +100% |
| Mortgage Payment Processing Clerk | 1.8M KRW | -100% |
| Mortgage Processing Manager | 5.5M KRW | -100% |
| Mortgage Processor | 2.2M KRW | -100% |
| Mortgage Quality Assurance Auditor | 4.7M KRW | -100% |
| Mortgage Quality Assurance Manager | 5.6M KRW | -100% |
| Mortgage Servicing Clerk | 1.6M KRW | -100% |
| Mortgage Servicing Manager | 5.3M KRW | -100% |
| Mortgage Underwriter | 2M KRW | -100% |
| Online Banking Manager | 8.8M KRW | +100% |
| Open Banking Strategist | 5.1M KRW | -100% |
| Payment Processing Clerk | 1.7M KRW | -100% |
| Personal Banker | 3.5M KRW | -100% |
| Personal Banking Advisor | 3.7M KRW | -100% |
| Phone Banker | 2.4M KRW | -100% |
| Private Banker | 3.5M KRW | -100% |
| Reconciliation and Investigation Specialist | 3.8M KRW | -100% |
| Tax Officer | 2.8M KRW | -100% |
| Teller | 1.7M KRW | -100% |
| Trade Officer | 1.9M KRW | -100% |
| Trade Product Manager | 5.6M KRW | -100% |
| Trader | 2.4M KRW | -100% |
| Treasury Operations Officer | 4.2M KRW | -100% |
| Wealth Management Advisor | 6.9M KRW | +100% |
Salary Comparison By City
| City | Average Salary |
| Seoul | 5.4M KRW |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Korea (South) is 6% on average across all career fields.
| Private Sector | 3.8M KRW | |
| Public Sector | +6% | 4M KRW |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Banking Reference Data Manager in Seoul?
A good and competitive compensation would range anywhere between 4.9M KRW and 5.6M KRW. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Banking Reference Data Manager in Seoul ranges from 2.7M KRW to 4.1M KRW. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios.