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/en/arbeid-og-lonn/statistikker/lonnfinans/aar
54010
Average monthly earnings up NOK 3 600
statistikk
2011-11-16T10:00:00.000Z
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 2011

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.

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Average monthly earnings up NOK 3 600

Average monthly earnings for full-time employees in financial intermediation, excluding overtime, were NOK 54 200 as per 1 September 2011. This was a year-on-year increase of NOK 3 600, equivalent to 7.1 per cent.

Financial intermediation includes two divisions; monetary and insurance intermediation and other financial intermediation. Average monthly earnings in other financial intermediation amounted to NOK 67 000, which is 9.3 per cent higher than the year before. In contrast, employees in monetary and insurance intermediation earned NOK 49 700; NOK 2 700 more than in 2010. This is an increase of 5.7 per cent.

Average basic salary for financial intermediation reveals a growth of 8.1 per cent. The wage level for monetary and insurance intermediation and other financial intermediation was NOK 44 600 and NOK 53 400 respectively in 2011, which equals 4.7 and 8.1 per cent growth.

About the statistical basis

The statistics are based on information from a sample of enterprises covering a total of 38 964 full-time employees and 4 128 part-time employees. According to the Norwegian Central Register of Enterprises and Establishments as per September 2010, financial intermediation comprises in total 47 200 employees.

The term average monthly earnings is the main term in Statistics Norway's wage statistics. Monthly earnings cover basic salaries, variable additional allowances and bonuses. Payment for overtime work is not included, but is presented in the statistics separately. Basic salary for financial intermediation is measured as per 1 September, while bonuses, variable additional allowances and payment for overtime work are calculated from the annual sum as a monthly average.

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