Investment Banker: Turkey vs South Korea
Side-by-side salary comparison · Estimated based on OECD & BLS data
🇰🇷 South Korea pays 140% more
Turkey
TRY
Estimated Salary (USD)
$38,997
per year
Local Currency (TRY)
₺1,267,403
per year
PPP Adjusted
$227,051
purchasing power
Big Mac Power
11,538
burgers / year
Global Percentile
Bottom 17%
South Korea
KRW
Estimated Salary (USD)
$93,428
per year
Local Currency (KRW)
₩123,324,960
per year
PPP Adjusted
$198,148
purchasing power
Big Mac Power
18,989
burgers / year
Global Percentile
Top 45%
Visual Comparison
Salary (USD)
PPP Adjusted (USD)
Big Mac Power (burgers/year)
Key Takeaways
- ●
Investment Bankers in South Korea earn 140% more than in Turkey (nominal USD).
- ●
After adjusting for purchasing power (PPP), Turkey still leads by 15%.
- ●
Using the Big Mac Index, a Investment Banker's salary buys 1.6x more Big Macs in South Korea.
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Frequently Asked Questions
Who pays Investment Bankers more: Turkey or South Korea?▾
South Korea pays Investment Bankers an estimated $93,428 USD per year, which is 140% more than Turkey's estimated $38,997 USD.
What is the PPP-adjusted salary for a Investment Banker in Turkey vs South Korea?▾
The PPP-adjusted salary is $227,051 USD in Turkey and $198,148 USD in South Korea. PPP adjustment accounts for cost of living differences between the two countries.
How does the purchasing power compare for Investment Bankers?▾
Using the Big Mac Index, a Investment Banker in Turkey can buy about 11,538 Big Macs per year, while in South Korea it's about 18,989 Big Macs.
Estimated based on OECD & BLS data. Actual salaries vary by experience, company, and region. Data is for informational purposes only.
Sources: BLS OEWS · OECD · World Bank · Big Mac Index