Home > Salary > Iraq > Consultant Banking
A consultant in banking is a professional who provides expert advice and guidance to financial institutions and banks. They analyze the bank's operations, processes, and strategies to identify areas for improvement and recommend solutions to enhance efficiency, profitability, and risk management. Consultants in banking may specialize in various areas such as risk management, regulatory compliance, technology implementation, or mergers and acquisitions.
Their responsibilities include conducting thorough research, data analysis, and market assessments to develop effective strategies and action plans. They collaborate with bank executives and teams to implement changes, monitor progress, and provide ongoing support. Consultants in banking also stay updated with industry trends, regulations, and best practices to ensure their recommendations align with current market conditions.
Estimated Yearly Salary: 11,430,697 IQD
Estimated Monthly Salary: 952,558 IQD
Estimated Weekly Salary: 219,821 IQD per week
Estimated Hourly Salary: 5,496 IQD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 920,816 IQD
Estimated Weekly Salary: 212,496 IQD per week
Estimated Hourly Salary: 5,312 IQD per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 7,713 USD
Estimated Monthly Salary: 643 USD
Estimated Weekly Salary: 148 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 11,430,697 IQD
Estimated Monthly Salary: 952,558 IQD
Estimated Weekly Salary: 219,821 IQD per week
Estimated Hourly Salary: 5,496 IQD per hour
By working as Consultant Banking a person can save up to 403 USD per month or 4,833 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Iraq, see costs of living in Iraq.
Estimated Yearly Salary for Consultant Banking
Last revision of data: 2025-01-04
Data as of 2025
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Consultant Banking salary in Iraq
Average Yearly Salary of Consultant Banking in Iraq is approximately 11,430,697 IQD (7,713 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Consultant Banking do?
A consultant in banking is a professional who provides expert advice and guidance to financial institutions and banks. They analyze the bank's operations, processes, and strategies to identify areas for improvement and recommend solutions to enhance efficiency, profitability, and risk management. Consultants in banking may specialize in various areas such as risk management, regulatory compliance, technology implementation, or mergers and acquisitions.
Their responsibilities include conducting thorough research, data analysis, and market assessments to develop effective strategies and action plans. They collaborate with bank executives and teams to implement changes, monitor progress, and provide ongoing support. Consultants in banking also stay updated with industry trends, regulations, and best practices to ensure their recommendations align with current market conditions.
Skills: consultant banking, financial advisory, risk management, regulatory compliance, financial strategy, process improvement
Job industry: Finance
Job industry: Finance
How much does Consultant Banking make?
Salary details
How much does Consultant Banking make?Estimated Yearly Salary: 11,430,697 IQD
Estimated Monthly Salary: 952,558 IQD
Estimated Weekly Salary: 219,821 IQD per week
Estimated Hourly Salary: 5,496 IQD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 11,049,792 IQDEstimated Monthly Salary: 920,816 IQD
Estimated Weekly Salary: 212,496 IQD per week
Estimated Hourly Salary: 5,312 IQD per hour
Last revision of data: 2024-01-09Consultant Banking estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 7,713 USD
Estimated Monthly Salary: 643 USD
Estimated Weekly Salary: 148 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iraq, a nation in the Middle East, possesses vast oil reserves, fueling its economy and global energy trade. Key industries include oil and gas extraction, agriculture, and a burgeoning construction sector as the nation rebuilds its infrastructure. The rich historical and cultural heritage also draws tourists. However, Iraq faces challenges including political instability and security concerns. Despite these, the country exhibits economic potential and a resilient population, striving to rebuild and diversify its economy beyond oil and embrace a future of growth and stability.
Estimated national average yearly salary is 8,160,000 IQD (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Consultant Banking job salary compared to average salary in Iraq.
Comparison shows that a person working as Consultant Banking in Iraq earns on average:
1.4 times the average salary (or 140% of average salary).
Estimated national average yearly salary is 8,160,000 IQD (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Consultant Banking job salary compared to average salary in Iraq.
Comparison shows that a person working as Consultant Banking in Iraq earns on average:
1.4 times the average salary (or 140% of average salary).
Is Consultant Banking a well paid job?
Yes, our data shows that Consultant Banking is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Consultant Banking?
High salary for Consultant Banking would be somewhere between 12,573,767 IQD and 16,574,511 IQD. However this is an estimation based on Gaussian Distribution.How much can you save working as Consultant Banking in Iraq?
Living in Iraq the approximate monthly expenses are: 240 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 11,430,697 IQD
Estimated Monthly Salary: 952,558 IQD
Estimated Weekly Salary: 219,821 IQD per week
Estimated Hourly Salary: 5,496 IQD per hour
By working as Consultant Banking a person can save up to 403 USD per month or 4,833 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Iraq, see costs of living in Iraq.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Iran, Jordan, Kuwait, Saudi Arabia, Syria, Turkey. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Consultant Banking
Iran is 10,183 USD
Jordan is 12,257 USD
Kuwait is 17,221 USD
Saudi Arabia is 35,488 USD
Syria is 4,702 USD
Turkey is 13,600 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Iraq
(93,035,848 IQD per year, pre-tax.)
2. Cardiologist
(77,420,383 IQD per year, pre-tax.)
(74,436,118 IQD per year, pre-tax.)
4. Neurosurgeon
(72,585,795 IQD per year, pre-tax.)
(72,416,543 IQD per year, pre-tax.)
(70,778,229 IQD per year, pre-tax.)
(70,769,927 IQD per year, pre-tax.)
(70,594,393 IQD per year, pre-tax.)
9. Urologist
(70,443,660 IQD per year, pre-tax.)
10. Oncologist
(70,429,777 IQD per year, pre-tax.)
Data as of 2025Random salary:
Crime scene investigator (csi) (8,642,931 IQD per year, pre-tax.)
Bus driver large mobile lounge (3,965,597 IQD per year, pre-tax.)
Project analyst (7,786,990 IQD per year, pre-tax.)
Merchandise presentation manager (6,942,540 IQD per year, pre-tax.)
Servicegas station attendant (2,937,600 IQD per year, pre-tax.)
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