BRAC Bank Salary Structure in Bangladesh Per Month

If you are looking for a career in the banking sector in Bangladesh, you might be interested in knowing the salary structure of BRAC Bank, one of the leading private commercial banks in the country. BRAC Bank was established in 2001 as a subsidiary of BRAC, the world’s largest non-governmental organization. The bank has a vision to provide banking services to the unbanked and underbanked segments of society, especially small and medium enterprises (SMEs).

BRAC Bank has a network of over 200 branches and 500 ATMs across Bangladesh, as well as a presence in international markets such as Myanmar and Afghanistan. The bank offers a range of financial products and services to its customers, including retail banking, corporate banking, SME banking, mobile banking, and Islamic banking. The bank also has a strong focus on digital innovation and social responsibility.

BRAC Bank Salary Structure in Bangladesh Per Month

But how much does BRAC Bank pay its employees? What are the benefits and perks of working for BRAC Bank? How does BRAC Bank compare with other banks in terms of salary and benefits? In this article, we will try to answer these questions based on the available information from online sources such as Glassdoor and Bayt.com.

Average Salary for BRAC Bank Employees in Bangladesh

The average salary for BRAC Bank employees in Bangladesh is BDT 358,650 per year for an Officer position, BDT 660,000 per year for an Associate Manager position, and BDT 780,000 per year for a Management Trainee position. These are based on 150 salaries submitted by BRAC Bank employees on the Online jobs Circular provider Site

However, the salary structure of BRAC Bank may vary depending on the job title, level, experience, qualification, and performance of the employee. The bank also provides other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips to its employees. Additionally, the bank offers benefits such as health insurance, provident fund, gratuity, leave encashment, festival bonus, and staff loan to its employees.

Here are some examples of the salary ranges for different job titles at BRAC Bank based on the Online Jobs Site:

• Officer: BDT 240k – BDT 480k
• Associate Manager: BDT 480k – BDT 840k
• Management Trainee: BDT 720k – BDT 840k
• Relationship Banker: BDT 240k – BDT 384k
• Manager: BDT 960k – BDT 1.68m
• Senior Officer: BDT 312k – BDT 456k
• Intern: BDT 48k – BDT 72k
• Branch Manager: BDT 1.2m – BDT 1.44m

These are only indicative figures and may not reflect the actual salary of each employee at BRAC Bank.

Benefits and Perks for BRAC Bank Employees in Bangladesh

BRAC Bank not only pays its employees well but also provides them with various benefits and perks that enhance their lifestyle and well-being. Some of the benefits and perks that BRAC Bank employees enjoy are:

• Health insurance
• Provident fund
• Gratuity
• Leave encashment
• Festival bonus
• Staff loan
• Multicurrency debit card
• Checkbook facility
• Digital banking convenience with the Astha app
• Retail loans – personal loan, home loan, auto loan as per requirement
• Credit cards with exclusive discounts and offers
• Assigned relationship manager
• Access to a wide range of ATMs, CDMs, branches and agent banking outlets across Bangladesh
• Other facilities i.e., DPS, FDR, Sanchaypatra, Tax Certificates etc.

which is a part of the global BRAC family, BRAC USA offers a comprehensive employee benefits package including health, dental, vision, and life insurance; a 401K and employer match; generous days of paid time off including vacation, personal days, sick days, and holidays; an annual professional development budget, and more.

Comparison with Other Banks in Bangladesh

BRAC Bank is not the only employer in the banking sector in Bangladesh. There are other banks that offer competitive salaries and benefits to their employees. The average monthly salary for BRAC Bank Ltd. in Bangladesh is BDT 87,363, while the average monthly salary for Standard Chartered Bank in Bangladesh is BDT 95,000.

Conclusion

If you are interested in working for BRAC Bank or any other bank in Bangladesh, you should do some research on the job market and the salary trends in the banking sector. You can also use online platforms like Glassdoor and Bayt.com to compare salaries and reviews of different employers and positions. This will help you to find the best fit for your skills and expectations.

BRAC Bank is a reputed and respected employer in the banking sector in Bangladesh, with a vision to provide banking services to the unbanked and underbanked segments of the society. The bank pays its employees well and provides them with various benefits and perks that enhance their lifestyle and well-being. The bank also has a strong focus on digital innovation and social responsibility.

Working for BRAC Bank can be a rewarding and fulfilling career choice for anyone who wants to make a positive impact on the society and the economy through banking.