World bank ceo salary. He is currently the president of the World Bank Group.
World bank ceo salary 9 million in her first full year in charge of the bank. The value of the Mastercard stocks owned by Ajay Banga is $113,123,489. The average The World Bank hourly pay ranges from approximately $22 per hour (estimate) for a Document Unit Staff to $103 per hour (estimate) for a President. Gideon Muriuki - Co-operative Bank. (Source: Getty) The salaries of Australia's biggest banks have been revealed at the same time as the Reserve Bank of Australia's (RBA) meeting to decide interest rates. Gideon Muriuki. Based on the staff member’s annual performance appraisal, the staff member will receive a corresponding salary increase. The salaries on offer at the lower end of this scale were with banks that have a branch operation in the UK, and not a full subsidiary; these banks would have on average 25 – 50 employees. Tim Cook of Apple and Sundar Pichai salary erosion. The salary also serves as a way to retain top experts Meet Ajay Banga, IIM alumnus World Bank president whose salary was Rs 192 crore; know his education, net worth. For this ranking, total compensation includes the grant date fair value of equity awards received during the fiscal THE WORLD BANK GROUP 9 A. Average World Bank hourly pay ranges from approximately $18. One salary reported. The World Bank Group employees with the job title Economist make the most with an average annual salary of $86,540, while employees with the title Economist make the least with an average annual salary of $86,540. 97 per hour for Administrative Assistant to $51. His total compensation rose to S$15. WORLD BANK GROUP NET SALARY SCALE Effective Date: July 1, 2024 Salary Plan: US I Currency: United States Dollars (USD) , UNITED STATES SCALE Grade Minimum 378,200 340,100 279,700 184,900 137,300 105,900 David Robert Malpass (born March 8, 1956 [1]) is an American economic analyst and former government official who served as President of the World Bank Group from 2019 to 2023. The nominee is subject to confirmation by the Board of Executive Directors, to serve for a five-year, renewable term. He is currently the president of the World Bank Group. Senior Vice President & General Counsel. 0L–₹20. The estimated total pay range for a Chief Risk Officer at The World Bank is $248K–$439K per year, which includes base salary and additional pay. TD said 40 other senior executives, some no longer with the bank, took pay cuts in 2024 totaling C$30 million to reflect anti-money laundering The best CEOs in the world as named by The CEO Magazine include Microsoft’s Satya Nadella, Apple’s Tim Cook, and Marc Benioff of Salesforce. Indermit Gill; M. com to find out more. SINGAPORE: UOB chief executive officer (CEO) Wee Ee Cheong is earning less in 2024 than in 2023, despite his base salary increasing. 35 per cent. The average additional pay is $40K per year, which could include cash bonus, stock, commission, profit sharing or This paper presents for Board approval (i) the 2020 (FY21) structure adjustments for WBG Headquarters (HQ) and Country Offices (CO), (ii) the FY21 IBRD, IFC and MIGA . The World Bank CEO salary makes it possible to attract some of the most exceptional business minds globally. 3/18/2021 06:45:32 PM. In FY2023, Wee Ee Cheong, the CEO of United Overseas Bank Limited (U11), emerged as the highest-paid CEO among the top 10 largest companies on the SGX. The salaries of Bank staff are tax free, like those of employees of many international organisations*. 2L–₹20. This paper presents: (i) the compensation proposals for the 2019 (FY20) Review of Staff Compensation for the World Bank Group for Headquarters and Country Offices, and (. Midpoint The point in the World Bank roup’s salary ranges which aims to be aligned with the 75th percentile of compensation at comparable levels in the respective local labor markets. 07 per hour for Consulting Engineer. He was the executive chairman of Mastercard, after having previously served as president and chief executive officer (CEO) of the company from July 2010 until December 31, 2020. World Bank Group (202) 473 7660 Previously, he was President and CEO of Mastercard, a global organization with nearly 24,000 employees. 60 crore for the fiscal year. The majority pay is between $713,256 to $1,184,503 per year. 7 million, with other benefits amounting to S A successor to Ian Narev, Matt Comyn is serving the Commonwealth Bank of Australia from the top leadership position of CEO and MD since 2018. Ayhan Kose; Deon The salary, in our findings, forms the largest part of the remuneration for the CEO. The average Chief Risk Officer base salary at The World Bank is $254K per year. 92 billion) every year at Mastercard, which means he was earning Rs 5 $242K Median total pay. 9 million a year. Each grade has a minimum and a maximum (called a salary range) and a midpoint. The average President base salary at The World Bank is $176K per year. Authors How much does an Executive Director make at World Bank in the United States? The estimated average pay for Executive Director at this company in the United States is $62,690 per year, which is 30% below the national average. Most recently, CEOWORLD magazine has published a list of its most influential CEOs, and it is topped by Chairman and CEO of Bank of America, Brian Moynihan. This refers to the weighted average percentage increase The big four bank CEOs all finished outside the top 20, with Commonwealth Bank’s Matt Comyn on $7 million, National Australia Bank’s Ross McEwan on $6. Glassdoor salaries are powered The CEO of ICICI Bank took home Rs 9. The president is responsible for chairing the meetings of the boards of directors and for overall management of the World Bank Group. 5 million, while Bill Blackie, Business and Commercial Banking, saw his pay rise by 35. For HQ, the merit element is capped up to 1. Accounts Receivable Clerk. His journey in the banking industry is marked by a series of strategic positions and responsibilities that have significantly contributed to his expertise and Some bankers, however, are still able to make a killing in the industry, and bank CEOs can still earn as much as £20 million ($26. The respected banker is well conversant with wealth management, institutional, and retail businesses. Bihar Chief Minister Nitish Kumar's actions spark national anthem debate: What does law say? How much can you make working at the World Bank? Salaries at The World Bank Group range from an average of $54,749 to $165,519 a year. Ajay Banga, man who brought KFC, Pizza Hut to India, earned Rs 52 lakh daily, set to lead World Bank. Visit Salary. 31 crore. This came after replaced Joshua Oigara. Stephens. Bulgarian economist and former CEO of the World Bank Georgieva has been the managing director of the International Monetary Fund since October 2019. He is currently the CEO ABSA. Here’s a snapshot of how chief executive officer salary varies across industries. Coming in first place is UOB chief executive Wee Ee Cheong, whose salary rose as the bank’s full-year core earnings hit a new record in 2023. 9% to R59. 5 million in FY2021 Public Bank CEO Tay Ah Lek saw his pay The estimated total pay range for a Executive Director at The World Bank is ₹19. The average additional pay is $29K per year, which could include cash bonus, stock, commission, profit sharing or tips. The estimated total pay range for a Chief Executive Officer at The World Bank is ₹19. 8 million rupees. The salaries of the heads of Commonwealth Bank, ANZ, NAB and Westpac have been revealed. Learn More; Global Opportunities The average The World Bank salary ranges from approximately $55,000 per year (estimate) for an Administrative Assistant to $398,608 per year (estimate) for a Chief Executive Officer, Co-Founder. 2 million) a year in salaries, bonuses, and stock awards. 9L per year, which includes base salary and additional pay. World News: Elon Musk tops the list as the highest-paid CEO globally with $23. World Bank has named Indian-descent Ajay Banga as its next president; know his education, qualification, net worth and more. 55 Cr: Energy: INR 118. The “Most Likely Range” reflects values within the 25th and 75th percentile of all pay data available for this role. As a global institution, the bank operates in diverse areas ranging from global monetary concerns to poverty eradication and as such, requires top-notch minds to drive its operations. #13 Kristalina Georgieva on the 2024 Power Women. 1 million share plan—his actual salary was just $1. 2 million he earned in 2022. 0L per year. Learn more about World Bank data, research, news, and leadership. Jeremy Awori’s salary is Ksh. John Gachora. 4 million last year, as Here is an overview of Pakistan’s top bankers and their salaries. The company made profit before tax of over R 400 billion in 2023 and employs over 80 000 people across the world. DBS CEO salary: $11. Document Date. The average Executive Director base salary at The World Bank is $259K per year. Visit PayScale to research chief executive officer (ceo) salaries by city, experience, skill The set of salary ranges established for various grade levels. Web Publish Date. Learn More; Our Diversity. Ajay Banga has more than 30 years of experience. His total compensation, including salary and bonuses, climbed to 105. 33 CRORES. Executive World Bank Chief Economist and Senior Vice President, Development Economics. List Of Highest-paid Kenyan CEO: 1. 2 million and a substantial bonus of S$14. 2 million daily, totaling more than KSh 36 million monthly. Salary : 9. Wee’s US$15. The CEO of DBS, Piyush Gupta, made $11. Structure Adjustment ; The structure adjustment aligns the salary scales with the What’s the General CEO Salary in the World Besides the Highest-Paid CEOs? Salary by Sectors Disclosed. At The World Bank, the most The president of the World Bank Group is the head of World Bank Ajaypal Singh "Ajay" Banga (born November 10, 1959 ) is an Indian-born American business executive. The best-paid 25 percent made $435,378 probably that year, while the lowest-paid 25 percent made around $284,914. World Bank president salary: 391,440 World Bank president 'supplemental allowance': 70,070 Shaha Riza salary: 193,000. 2 salaries reported. Gachora was born in Gatamaiyu, Kenya in 1968. $216K Median total pay. He has been a board member of Craft Foods, Dow Ink and the American Red Cross. Investec CEO, Fani Titi, is second in our list with total remuneration of over R166 million. The FY21 structure adjustments for Country Offices are based on the application of published projected salary movements in the local labor market. 69m) in pay The average salary for the 20 bank executives making the most money in 2023 was more than $21 million. Financial Specialist. The estimated total pay range for a President at The World Bank is $162K–$302K per year, which includes base salary and additional pay. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. However, the following year, in 2022, he received a 10% pay cut. 8 million. 4 million pay packet this year, taking her total Here's How Much 8 CEOs Made in 2024, From JPMorgan's Jamie Dimon to Disney's Bob Iger CEO pay is on the rise, The bank had a record-high net income of $58. COUNTRY OFFICES – STRUCTURE ADJUSTMENT 10. The managing director and CEO of Co-operative Bank, earns over KSh 1. The average salary for a Chief Executive Officer is $412,608 per year (estimate) in United States, which is Infinity% higher than the average The World Bank salary of $0 per year (estimate) for CEO salaries in Singapore have surged in 2022, with four of the highest-paid CEOs earning over US$10 million Singapore’s highest-paid CEO, DBS Bank’s Piyush Gupta, received S$15. Bank President CEO made a median salary around $344,989 in March, 2025. The median CEO remuneration at Europe's top 100 companies, including The president of the World Bank Group is the head of World Bank Group. The RBA declared the official cash rate would remain on hold at the 12-year high of 4. 2% to R46 million. 6L per year, which includes base salary and additional pay. 5% per year. 9 million in 2021 to reach KSh 364. 2 Sandeep Bakhshi, MD and CEO of ICICI Bank since 2018 is now the second highest paid banker in India in FY 2019-20 with an annual salary of ₹6. 5% per year, and for each CO it is set at 1. The top earners: 1. The average additional pay is $0 per year, which could include cash bonus, stock, commission, profit sharing or tips. With that being said, below is the ranking of the highest-paid CEO in Kenya from the highest paid to the 7th CEO in Kenya with the biggest salary. 5 billion in 2024. The average Director base salary at The World Bank is $202K per year. The median estimated compensation for executives at The World Bank including base salary and bonus is $242,053, or $116 per hour. ANZ New Zealand's new chief executive Antonia Watson earned more than $1. $328K Median total pay. Gideon Muriuki, the CEO of Co-operative Bank, is a notable figure in Kenya's banking sector. Industry: Average Annual CEO Salary (INR Crore) Consumer Defense: INR 121. 5 $231K Median total pay. Governors and Alternates of the World Bank | June 30, 2023 Member Country Governor Alternate Governor Afghanistan VACANT VACANT Albania Delina Ibrahimaj Luljeta Minxhozi Algeria Laaziz Faid Ali Bouharaoua The 63-year-old former Mastercard CEO was Biden's top choice to head either of the two dominant global financial institutions of the world, the International Monetary Fund (IMF) or the World Bank. Deputy Chief Economist of the World Bank Group and Director of the Prospects Group. Korean The World Bank has confirmed that Ajay Banga will be its next president. Nabi comes in third on the list of the highest paid CEOs in the world. 9 in 2018, 15. “The Board looks forward to working with Banga on the World Bank Group Evolution process,” the development lender wrote How does the salary as a Chief Executive Officer at The World Bank compare with the base salary range for this job? The average salary for a Chief Executive Officer is $412,608 per year (estimate) in United States , which is Infinity% higher than the average The World Bank salary of $0 per year (estimate) for this job. Before joining Barclays bank in February 1, 2013, he was the CEO and the Managing Director, Standard Chartered bank, Tanzania. 5. Profiles of the Top 10 Highest-Paid CEOs in Kenya 1. Ajay Banga. [6] The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five The current chief economist of the World Bank, Indermeet Gill, is also of Indian origin. If reports are to be believed, he was drawing a salary of $23,250,000 (Rs 1. 8 million after the lenders recovered from the COVID-19 pandemic shocks. Products. 9 million, comprising a base salary of S$1. Since 1986, Bakhshi has been a part of the ICICI group. 9 million, marking a 12 per cent increase from the S$14. The World Bank is a global leader for equity, diversity, gender equality and inclusion. The average President base salary at The World Bank is ₹20. Chief Accounting Officer. Russo earned a gross compensation of KSh 217. At the World Bank Group, the salary structure or salary scale has 11 salary ranges from GA to GK. 1, more than two months earlier than initially planned, and that it slashed outgoing CEO Bharat Masrani's annual salary by 89%. Ajay Banga was getting a salary of USD 23,250,000 (Rs 1. 9L per year. 5% more than in 2017. The average Executive Director base salary at The World Bank is ₹19. Salary information comes from 2 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. , the The World Bank's board of executive directors elected the former Mastercard CEO for a five-year term, bringing in a finance and development expert in the hopes of restructuring the organisation to Enzo de Laurentiis is the World Bank’s Chief Procurement Officer, in the Operations Policy and Country Services Vice-Presidency. The estimated total pay range for a Director at The World Bank is $181K–$296K per year, which includes base salary and additional pay. 8L per year, which includes base salary and additional pay. 4 million (US$11. Previously, Singapore-based lender DBS Bank, in its annual report, revealed that it cut 27 per cent salary of its CEO Piyush Gupta last year for various incidents of technical glitches. In April 2002, he was appointed MD and CEO of ICICI Lombard General Paul Russo, the CEO of KCB Bank Group, has risen to be ranked at the top of Kenya's executive salary list. The World Bank Group works in every major area of development. The estimated total pay range for a President at The World Bank is $182K–$339K per year, which includes base salary and additional pay. He has sold thousands of dollars worth of stocks over This paper presents for Board approval (i) the 2020 (FY21) structure adjustments for WBG Headquarters (HQ) and Country Offices (CO), (ii) the FY21 IBRD, IFC and MIGA . The average additional pay is ₹0 per year, which could include cash bonus, stock, commission, profit sharing or tips. 05mil pay package was 5. 4 million in FY2022, up from $56. Traditionally, the World Bank president is an American citizen nominated by the United States. What follows is a look at how much the CEOs of JPMorgan Chase, Morgan Stanley, and Capital One Financial were paid in 2023, based on the bank’s reporting. 5% lower than the US$15 Member Country Governor Alternate Mali Alousséni Sanou Dionké Diarra Malta ª Clyde Caruana Edward Scicluna Marshall Islands Alfred Alfred Jr. $79,000 per year. President. Ajay Banga is the 14th President of the World Bank Group and leads the institution’s efforts to end extreme poverty and boost shared prosperity on a livable planet. Performance Management System Macquarie Group chief executive Shemara Wikramanayake has topped Australia’s highest-paid CEOs for the fourth year in a row with a reported $29. A report by PWC concludes that the gap between CEO pay and the national minimum wage is presented as a “rather reasonable” 66 times The World Bank Group has two ambitious goals: ending extreme poverty and boosting shared prosperity. In some country offices, the scale starts with G1 grade. As Chief Executive Office of American multinational beauty company Coty Inc. World Bank Group, the salary structure or salary scale has 11 salary ranges from GA to GK. Understanding CEO Compensation. The average President base salary at WORLD BANK GROUP NET SALARY SCALE Effective Date: July 1, 2024 Salary Plan: US I Currency: United States Dollars (USD) , UNITED STATES SCALE Grade Minimum Ajay Banga had a net worth of $ 206 million (Rs 1700 crore) in 2021, according to CNBC. In cases of extreme change in local market conditions or following a period of high inflation, special measures may The average The World Bank executive compensation is $235,398 a year. World Bank Group. Sultan T. HQ SALARY SCALES. Chief executive officers (CEOs) of Europe's leading companies earned 110 times more than the typical EU worker in 2023. Funeka Montjane, CEO of Personal and Business Banking, saw her pay rise by 55. The World The World Bank is an international financial institution that provides loans and grants to the governments of low-and middle-income countries for the purposes of economic development. Each grade has a minimum and a maximum (called salary ranges) and a midpoint. While ZipRecruiter is seeing annual salaries as high as $154,500 and as low as $30,000, the majority of Bank Ceo salaries currently range between $54,500 (25th percentile) to $100,000 (75th percentile) with top earners (90th percentile) making $132,000 annually across the Average World Bank Chief Investment Officer yearly pay in the United States is approximately $146,997, which is 32% above the national average. The chief economist of the World Bank (full title: Senior Vice President for Development Economics and Chief Economist of the World Bank Group) is the senior economist at the World Bank Group, tasked with providing intellectual leadership and direction to the bank's overall international development strategy and economic research agenda, at global, regional and The average salary for a Chief Executive Officer (CEO) in United Arab Emirates is AED 676,941 in 2025. 43 million in 2023, Sue Y. Ajay Banga most recently served as Vice Chairman at General Atlantic. Chief Economist & Senior Vice President for Development Economics. The average The World Bank salary ranges from approximately $47,455 per year (estimate) for a Customer Service Associate to $343,947 per year (estimate) for a Board Advisor. 1L–₹20. Under this approach, the 2019 (FY20) market-based salary scales were reviewed, and where applicable, Chief Information Officer Compensation by Ethnicity (All Companies). Managing Director and CEO Sashidhar Jagdishan emerged as the highest-paid bank CEO in India in the fiscal year ended March 31. – What CEOs take $1 salary? The estimated total pay range for a Executive Director at The World Bank is $198K–$339K per year, which includes base salary and additional pay. Photo / supplied. Wee Ee Cheong, CEO of UOB/ Image Credit: The Edge Singapore/ Albert Chua. 4 THE WORLD BANK GROUP Structure Adjustment The estimated total pay range for a President at The World Bank is ₹19. HDFC Bank Ltd. That figure includes a $4. Under his World Bank Group, the salary structure or salary scale has 11 salary ranges from GA to GK. James Gorman had a successful year as CEO of Morgan Stanley, making a large amount of money. 04 Cr: The 2024 edition of the Equilar 100 CEO pay study examines compensation packages of CEOs at companies with revenues of $1 billion or more to file a proxy statement by March 31, 2024. 4 THE WORLD BANK GROUP Structure Adjustment Aligns the salary scales with the increases in labor market salary levels. 3/18/2021 06:54:00 PM. His annual pay for FY 2023 came in at S$15. Irfan Siddiqui – President and CEO of Meezan Bank. He previously served as Under Secretary of the Treasury Canada's TD Bank Group said on Friday CEO-designate Raymond Chun will take charge on Feb. The average additional pay is $49K per year, which could include cash bonus, stock, commission, profit sharing or CEO pay for top 300 companies has fallen for the first time since the onset of the pandemic as investor and public activism, lacklustre economic growth and job cuts weigh heavily on leading boards World Bank Expenditures by Organizational Unit . The average Hispanic or Latino Chief Information Officer at companies similar size to The World Bank reported making $250,000, while the average Asian or Pacific Islander Chief Information Officer at similar sized companies reported making $220,000. Irfan Siddiqui drew the highest salary in the banking industry of Pakistan. The average Chief Economist base salary at The World Bank is $225K per year. M. Debashis Chatterjee is the CEO & MD of LTI Mindtree, the fast-growing global technology consulting and digital solutions company that helps organizations across the spectrum to unlock the value of digital for enterprise reimagination. Former Mastercard CEO Ajay Banga is considered by many as the man behind the launch of KFC and Pizza Hut in India. 3 million, ANZ CEO Shayne Elliott on $5. 1. However, during his announcement, Biden stated that . Previously, he served as Manager of the Procurement Policy Unit in the same Vice-Presidency, as a Practice Manager in the Governance Global Practice, and as the Regional Procurement Manager for the East Asia and Pacific and the Latin America UOB – CEO Wee Ee Cheong. 5 billion, primarily from Tesla's stock options. Christopher H. The average Chief Executive Officer base salary at The World Bank is ₹20. $150,000 per year. 41 . The average annual World Bank Family Network Salary for Chief Executive Officer is estimated to be approximately $935,963 per year. II. Gideon Muriuki was appointed Co-operative Bank CEO in 2001. He retired from this position on December 31, With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce The estimated total pay range for a President at The World Bank is $162K–$302K per year, which includes base salary and additional pay. The salaries of these CEOs reflect a combination of factors: Jeremy Awori, CEO ABSA SRC: @Hapakenya. The World Bank employees rate the overall Ajay Banga, 14th President of the World Bank Group Ajay Banga began his five-year term as World Bank Group President on June 2, 2023. Global Opportunities We offer a wide variety of job opportunities around the world, serving 189 member countries with 140 offices. 92 billion) every year at Mastercard, which Taking home a CEO salary of USD 149. The Riza figures are all over the internet and in the documents released by the Business Daily reported that bonuses for the top CEOs rose by KSh 46. 5 ANZ New Zealand chief executive Antonia Watson. Ayhan Kose. . One of the highest-paid CEOs in the world, he began his career at Nestlé, India, where he worked for 13 years and then moved onto PepsiCo, while simultaneously crawling up the corporate ladder. SOURCES World Bank salary figures are here. 5 million cash bonus and $6. In its 2021 annual report, the lender said Muriuki had steered the bank from a DBS’s Gupta is the highest-paid bank CEO in Asia Pacific, while Public Bank CEO Tay received the highest compensation as a percentage of net profit, with the combined total earned by the top 10 highest-paid bank chiefs in the region reaching $63. The median base salary for CEOs in this segment is £310,000. The average President base salary at The World Bank is $194K per year. noasyfymbfkzzqtnuvqstqbwlqydovyghsugbidfhllsreutfluxsdzcuxwcttzmljjvzcmlmjh