What Banks in Austria Paid its Staff the Most in 2017?

Top Banks by Cost Per Employee (EUR per month)
Banking | Austria | August 12, 2019
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Based on a comparison of 15 banks in Austria in 2017, Bank Austria Group was paying its employees the best, followed by Raiffeisenlandesbank Niederosterreich-Wien and Raiffeisenlandesbank Steiermark.

Bank Austria Group employed 5,874 persons in 2017, down 78.9% when compared to the previous year. Historically, the bank's workforce hit an all time high of 67,002 persons in 2008 and an all time low of 5,874 in 2017.

Average cost reached EUR 9,661 per month per employee, 196% more than a year ago. This figure was EUR 2,813 per month some 10 years ago.

Staff accounted for 49.1% of total operating expenditures in 2017.

Comparing Bank Austria Group with its closest peers, Raiffeisenlandesbank Niederosterreich-Wien had 1,020 employees with average cost of EUR 9,027 per month per person, Raiffeisenlandesbank Steiermark operated with 896 people (and EUR 8,154 per month per employee) and Raiffeisenlandesbank Tirol had 348 employees in 2017 with cost of EUR 7,952 per month per head.

The average staff cost per employee reached EUR 6,999 per month in the Austrian banking sector in 2017.

You can see all the banks cost per employee data on the Cost Per Employee indicator page or you can download a report on the Austrian banks in the report section.

Cost Per Employee (Local Currency) Unit 2011 2012 2013 2014 2015 2016 2017 2018
Bank Austria Group EUR per month 2,741 3,097 3,730 2,731 3,269 ...
BAWAG Group EUR per month ... ... ... ... 7,586 7,571 ...
Erste Group Bank EUR per month 3,855 4,073 3,951 4,025 4,145
Oberbank EUR per month 6,065 6,232 6,031 6,136 6,262 ...
Raiffeisen Bank Int. EUR per month 2,227 2,348 2,207 2,249 2,577
Raiffeisenlandesbank Burgenland EUR per month ... ... 6,792 7,010 6,982 6,892 ...
Raiffeisenlandesbank Karnten EUR per month ... ... ... ... ... 1,606 ...
Raiffeisenlandesbank Niederosterreich-Wien EUR per month 6,869 7,701 6,865 7,376 7,202 ...
Raiffeisenlandesbank Oberosterreich EUR per month 5,407 5,512 5,603 5,788 5,519 ...
Raiffeisenlandesbank Steiermark EUR per month 292,397 7,282 7,564 7,738 7,791 ...
Raiffeisenlandesbank Tirol EUR per month 7,162 7,656 7,558 7,758 7,576 ...
Raiffeisenverband Salzburg EUR per month 4,817 4,704 4,797 4,827 4,952 ...
Salzburger Sparkasse EUR per month 7,586 7,567 9,641 6,920 7,816 ...
Sparkasse Oberosterreich EUR per month 7,100 7,148 6,446 6,347 5,314 ...
Steiermarkische Sparkasse EUR per month 5,388 5,375 5,309 5,300 5,312 ...
AVERAGE EUR per month 28,441 29,301 5,807 5,901 5,840 5,587 6,244 3,573