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/en/arbeid-og-lonn/statistikker/lonnfinans/aar
1357
Monthly earnings increased by NOK 1 400
statistikk
2004-11-25T10:00:00.000Z
Labour market and earnings
en
lonnfinans, Earnings in financial services, banking, insurance, financial servicesEarnings and labour costs, Labour market and earnings
false

Earnings in financial services, 1 September 2004

The 2015 wage statistics for all industrial sections and various areas in the public sector will be released collectively on 3 March 2016 in the statistics Earnings of all employees.

Content

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Monthly earnings increased by NOK 1 400

Full-time employees in financial intermediation had NOK 35 700 in average monthly earnings as of 1 September 2004. This is NOK 1 400 more than in the corresponding month last year, an increase of 4.1 per cent. The increase in average monthly earnings from 2002 to 2003 came to 2.9 per cent.

In monetary intermediation average monthly earnings was NOK 34 100, an increase of NOK 1 600 or 5 per cent. The corresponding increase in other financial intermediation was NOK 1 200 or 3 per cent up to NOK 41 700 in 2004.

Full-time employees in financial intermediation1. Average monthly
earnings, by division per 1 September. 2002-2004. NOK and percentage
change
Division Monthly earnings, total Percentage change
2002 2003 2004 2002-2003 2003-2004
  NOK Per cent
Financial intermediation, total 33 300       34 300       35 700 2.9 4.1
Monetary and insurance intermediation 31 500 32 500 34 100 3.0 5.0
Other financial intermediation 39 500 40 500 41 700 2.7 3.0
1  NOS Standard Industrial Classification.


Monetary intermediation

About two-thirds of full-time employees in financial intermediation were technicians and associate professionals. In monetary intermediation this group had average monthly earnings of NOK 29 900, up NOK 1 500 or 5.1 per cent from the previous year. Customer consultants and executive officers represent this group. By comparison, senior officials and managers had NOK 50 500 in monthly earnings, an increase of NOK 2 700 or 5.7 per cent.

Sex and age-groups

In general males earn more than females in financial intermediation and receive more than the double payment of bonuses per month than females. Full-time employed females increased their average monthly earnings by NOK 1 300 or 4.6 per cent from 2003. By comparison males had an increase in average monthly earnings of NOK 1 500 or 4.0 per cent in the same period of time.

Annual earnings increased with 3.2 per cent

The estimated average annual earnings for all full-time employees in financial intermediation were NOK 421 800 in 2004, an increase of 3.2 per cent from 2003. The estimated annual earnings for employees in monetary intermediation were NOK 402 100, a growth of 3.9 per cent. By comparison, annual earnings for employees in other financial intermediation were NOK 497 600, an increase of 2.9 per cent from the year before.

Full-time employees in financial intermediation1. Estimated annual
earnings, by division per 1 September. 2002-2004. NOK and percentage
change
Division Estimated annual earnings Percentage change
2002 2003 20042 2002-2003 2003-2004
  NOK Per cent
Financial intermediation, total  391 300       408 700       421 800 4.4 3.2
Monetary and insurance intermediation  369 800  387 200  402 100 4.6 3.9
Other financial intermediation  466 900  483 700  497 600 3.7 2.9
1  NOS Standard Industrial Classification.
2  Preliminary figures.


Estimated annual earnings are based on reported wage information as of 1 September each year and include basic paid salary, variable additional allowances as well as bonuses and commissions, etc., but do not include payment for overtime work. The figures for estimated annual earnings for the current year are preliminary until wage statistics for the next year have been established. For more information see "About the statistics".

About the statistical basis

The statistics are based on information from a sample of enterprises which cover a total of 35 344 full-time employees. According to the preliminary figures from the National Accounts for the 2rd quarter of 2004, the statistics cover approximately 47 500 employed in financial intermediation except pension funds.

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