Average monthly earnings up 4.2 per cent
Labour market and earnings
lonnfinans, Earnings in financial services, banking, insurance, financial servicesEarnings and labour costs, Labour market and earnings

Earnings in financial services1 September 2014

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.



Average monthly earnings up 4.2 per cent

Average monthly earnings for full-time employees in financial intermediation, excluding overtime, were NOK 59 300 as per 1 September 2014. This was a year-on-year increase of NOK 2 400, equivalent to 4.2 per cent.

Full-time employees in financial intermediation, by division. Monthly earnings and basic monthly salary. Average as of September. NOK and percentage change
Monthly earningsBasic monthly salary
201320142013 - 2014201320142013 - 2014
Financial intermediation, total56 90059 3004.250 20051 8003.2
Monetary and insurance intermediation54 30056 0003.148 30050 2003.9
Other financial intermediation64 60070 0008.455 90057 0002.0

Financial intermediation includes two divisions; monetary and insurance intermediation and other financial intermediation. Average monthly earnings in monetary and insurance intermediation amounted to NOK 56 000, which was an increase of 3.1 per cent compared to last year. In contrast, employees in other financial intermediation amounted to NOK 70 000, which was an increase of 8.4 per cent from 2013.

About the statistical basisOpen and readClose

The statistics are based on information from a sample of enterprises covering a total of 38 404 full-time employees and 3 521 part-time employees. According to the Norwegian Central Register of Enterprises and Establishments as per September 2014, financial intermediation comprises in total 45 000 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.