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Bank Branch Manager Average Salary in Mexico 2020

How much money does a Bank Branch Manager make in Mexico?


Average Monthly Salary
39,900 MXN
( 479,000 MXN yearly)

LOW
20,000
MXN
AVERAGE
39,900
MXN
HIGH
61,900
MXN

A person working as a Bank Branch Manager in Mexico typically earns around 39,900 MXN per month. Salaries range from 20,000 MXN (lowest) to 61,900 MXN (highest).

This is the average monthly salary including housing, transport, and other benefits. Bank Branch Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Bank Branch Manager Salary Distribution in Mexico

Median and salary distribution monthly Mexico Bank Branch Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Bank Branch Manager salaries in Mexico range from 20,000 MXN per month (minimum salary) to 61,900 MXN per month (maximum salary).

  • Median Salary

    The median salary is 39,900 MXN per month, which means that half (50%) of people working as Bank Branch Manager(s) are earning less than 39,900 MXN while the other half are earning more than 39,900 MXN. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Bank Branch Manager(s) are earning less than 27,000 MXN while 75% of them are earning more than 27,000 MXN. Also from the diagram, 75% of Bank Branch Manager(s) are earning less than 50,900 MXN while 25% are earning more than 50,900 MXN.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Bank Branch Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Mexico Bank Branch Manager
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Bank Branch Manager salaries by experience level and this is what we found.

A Bank Branch Manager with less than two years of experience makes approximately 24,000 MXN per month.

While someone with an experience level between two and five years is expected to earn 31,700 MXN per month, 32% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 42,400 MXN per month, 34% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Bank Branch Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 50,600 MXN per month, 19% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 54,600 MXN per month, 8% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 58,600 MXN per month, 7% more than people with fifteen to twenty years of experience.


Bank Branch Manager average salary change by experience in Mexico

0 - 2 Years
24,000 MXN
2 - 5 Years+32%
31,700 MXN
5 - 10 Years+34%
42,400 MXN
10 - 15 Years+19%
50,600 MXN
15 - 20 Years+8%
54,600 MXN
20+ Years+7%
58,600 MXN
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Bank Branch Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Bank Branch Manager(s) who have the same experience but different education levels.

Salary comparison by education level monthly Mexico Bank Branch Manager
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Bank Branch Manager salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of a Bank Branch Manager is 34,200 MXN per month.

While someone with a Master's Degree gets a salary of 53,900 MXN per month, 58% more than someone having a Bachelor's Degree degree.


Bank Branch Manager average salary difference by education level in Mexico

Bachelor's Degree
34,200 MXN
Master's Degree+58%
53,900 MXN
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Mexico costs anywhere from 134,000 Mexican Peso(s) to 402,000 Mexican Peso(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Bank Branch Manager Salary Comparison By Gender

Salary comparison by gender monthly Mexico Bank Branch Manager
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Bank Branch Manager employees in Mexico earn 7% more than their female counterparts.

Female
38,300 MXN
Male+7%
41,200 MXN
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Mexico for all Careers

Salary comparison by gender monthly Mexico
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Bank Branch Manager Average Annual Salary Increment Percentage in Mexico

How much are annual salary increments in Mexico for Bank Branch Manager(s)? How often do employees get salary raises?

Bank Branch Manager

Bank Branch Manager(s) in Mexico are likely to observe a salary increase of approximately 12% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Mexico Bank Branch Manager
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Mexico / All Professions

Annual Salary Increment Rate Mexico
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The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Mexico is 5%.

Annual Increment Rate By Industry 2019

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Listed above are the average annual increase rates for each industry in Mexico for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Bank Branch Manager Bonus and Incentive Rates in Mexico

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Mexico Bank Branch Manager
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A Bank Branch Manager is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

20% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 80% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 8% of their annual salary.

Received Bonus
80%
No Bonus
20%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Mexico
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Where can you get paid more, working for a private company or for the government? Public sector Bank Branch Manager employees in Mexico earn 9% more than their private sector counterparts.

Private Sector
25,700 MXN
Public Sector+9%
27,900 MXN
Percentage increase and decrease are relative to the previous value

Bank Branch Manager Salary Trend and Forecast in Mexico

How are Bank Branch Manager salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Mexico Bank Branch Manager
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Average Salary 2016
36,100 MXN
Average Salary 2017+4%
37,400 MXN
Average Salary 2018+3%
38,400 MXN
Average Salary 2019+1%
38,900 MXN
Percentage increase and decrease are relative to the previous value

Bank Branch Manager salaries in Mexico are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 1% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Bank Branch Manager Average Hourly Wage in Mexico


230 MXN per hour

The average hourly wage (pay per hour) in Mexico is 230 MXN. This means that the average Bank Branch Manager in Mexico earns approximately 230 MXN for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Bank Branch Manager VS Other Jobs

Salary Comparison Between Bank Branch Manager and Banking monthly Mexico
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The average salary for Bank Branch Manager is 32% more than that of Banking. Also, Banking salaries are 13% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst36,600 MXN-8%
Assistant Bank Branch Manager32,700 MXN-18%
Assistant Bank Manager39,800 MXN-0%
ATM Manager35,200 MXN-12%
ATM Service Technician19,300 MXN-52%
Bank Accounts Analyst26,100 MXN-35%
Bank Accounts Controller27,900 MXN-30%
Bank Accounts Executive28,500 MXN-29%
Bank Accounts Manager31,600 MXN-21%
Bank Auditing Manager30,900 MXN-23%
Bank Branch Manager39,900 MXN-0%
Bank Clerk19,100 MXN-52%
Bank Compliance Specialist28,200 MXN-29%
Bank Manager59,000 MXN+48%
Bank Operational Risk Manager42,900 MXN+7%
Bank Operations Head43,700 MXN+9%
Bank Operations Officer25,800 MXN-35%
Bank Operations Specialist34,300 MXN-14%
Bank Process Manager28,200 MXN-29%
Bank Product Manager 29,700 MXN-26%
Bank Programme Manager34,700 MXN-13%
Bank Project Manager37,200 MXN-7%
Bank Propositions Manager37,500 MXN-6%
Bank Quantitative Analyst29,200 MXN-27%
Bank Regional Manager40,800 MXN+2%
Bank Regional Risk Officer26,900 MXN-33%
Bank Relationship Manager34,900 MXN-13%
Bank Relationship Officer25,700 MXN-36%
Banker25,000 MXN-37%
Banking Business Analyst29,800 MXN-25%
Banking Business Development Officer25,100 MXN-37%
Banking Business Planning Executive38,800 MXN-3%
Banking Product Manager36,400 MXN-9%
Banking Reference Data Manager31,300 MXN-22%
Banking Risk Analyst28,200 MXN-29%
Banking Technical Analyst24,700 MXN-38%
Bankruptcy Coordinator31,900 MXN-20%
Budget Analyst29,300 MXN-27%
Cards Marketing Manager37,200 MXN-7%
Cash Management Manager40,800 MXN+2%
Check Processing Manager36,400 MXN-9%
Commercial Vault Associate27,800 MXN-30%
Corporate Dealer29,000 MXN-27%
Credit Analyst32,800 MXN-18%
Credit and Collections Manager36,500 MXN-9%
Credit Card Fraud Investigator29,200 MXN-27%
Credit Portfolio Manager45,300 MXN+13%
Credit Risk Analyst36,500 MXN-9%
Credit Risk Associate32,400 MXN-19%
Direct Bank Sales Representative27,400 MXN-31%
Financial Bank Planning Consultant32,100 MXN-20%
Financial Banking Analysis Manager35,600 MXN-11%
Financial Banking Assistant25,100 MXN-37%
Financial Banking Systems Manager33,500 MXN-16%
Foreign Exchange Manager36,200 MXN-9%
Fraud Analyst29,900 MXN-25%
Fraud Detection Associate31,100 MXN-22%
Fraud Detection Manager36,400 MXN-9%
Fraud Detection Supervisor29,500 MXN-26%
Internal Bank Audit Manager36,800 MXN-8%
Internal Bank Auditor28,100 MXN-30%
International Banking Manager49,800 MXN+25%
Loan Analyst29,300 MXN-27%
Loan Area Manager31,800 MXN-20%
Loan Audit Team Leader32,400 MXN-19%
Loan Branch Manager33,400 MXN-16%
Loan Business Development Officer26,600 MXN-33%
Loan Clerk20,800 MXN-48%
Loan Collection Manager33,600 MXN-16%
Loan Collector18,100 MXN-55%
Loan Examiner23,700 MXN-41%
Loan Processing Manager27,600 MXN-31%
Loan Processor26,600 MXN-33%
Loan Quality Assurance Auditor28,600 MXN-28%
Loan Quality Assurance Manager33,100 MXN-17%
Loan Quality Assurance Representative27,400 MXN-31%
Loan Review Manager29,100 MXN-27%
Loan Team Leader30,200 MXN-24%
Mortgage Advisor27,100 MXN-32%
Mortgage Collection Manager31,600 MXN-21%
Mortgage Collector22,400 MXN-44%
Mortgage Credit Analyst24,400 MXN-39%
Mortgage Credit Manager28,700 MXN-28%
Mortgage Development Manager33,400 MXN-16%
Mortgage Document Reviewer22,200 MXN-44%
Mortgage Funding Manager36,800 MXN-8%
Mortgage Operations Manager40,000 MXN+0%
Mortgage Payment Processing Clerk19,600 MXN-51%
Mortgage Processing Manager31,400 MXN-21%
Mortgage Processor23,200 MXN-42%
Mortgage Quality Assurance Auditor29,100 MXN-27%
Mortgage Quality Assurance Manager31,600 MXN-21%
Mortgage Servicing Clerk18,900 MXN-53%
Mortgage Servicing Manager30,900 MXN-23%
Mortgage Underwriter20,600 MXN-48%
Online Banking Manager39,100 MXN-2%
Payment Processing Clerk19,800 MXN-50%
Personal Banker28,600 MXN-28%
Personal Banking Advisor 29,400 MXN-26%
Phone Banker23,500 MXN-41%
Private Banker32,800 MXN-18%
Reconciliation and Investigation Specialist26,500 MXN-34%
Teller17,400 MXN-56%
Trade Officer20,300 MXN-49%
Trade Product Manager31,100 MXN-22%
Trader25,700 MXN-36%
Treasury Operations Officer27,400 MXN-31%

Salary Comparison By City

CityAverage Salary
Acapulco48,000 MXN
Acuna37,500 MXN
Aguascalientes49,800 MXN
Boca del Rio33,400 MXN
Buenavista36,100 MXN
Campeche37,100 MXN
Cancun46,800 MXN
Celaya43,800 MXN
Chalco35,700 MXN
Chetumal34,400 MXN
Chicoloapan33,400 MXN
Chihuahua46,400 MXN
Chilpancingo34,500 MXN
Chimalhuacan46,200 MXN
Cholula de Rivadabia34,800 MXN
Ciudad Apodaca43,000 MXN
Ciudad del Carmen36,500 MXN
Ciudad Juarez32,700 MXN
Ciudad Lopez Mateos44,000 MXN
Ciudad Obregon42,100 MXN
Ciudad Santa Catarina40,500 MXN
Ciudad Valles31,500 MXN
Ciudad Victoria41,800 MXN
Coacalco41,500 MXN
Coatzacoalcos37,900 MXN
Colima32,700 MXN
Cordoba33,100 MXN
Cuautitlan Izcalli44,300 MXN
Cuautla34,600 MXN
Cuernavaca39,500 MXN
Culiacan49,300 MXN
Delicias30,600 MXN
Durango44,100 MXN
Ecatepec de Morelos49,400 MXN
Ensenada41,100 MXN
Fresnillo30,600 MXN
General Escobedo43,800 MXN
Gomez Palacio39,800 MXN
Guadalajara48,900 MXN
Guadalupe49,000 MXN
Guaymas29,300 MXN
Hermosillo49,100 MXN
Hidalgo del Parral28,800 MXN
Iguala30,400 MXN
Irapuato41,200 MXN
Ixtapaluca42,500 MXN
Jiutepec35,900 MXN
La Paz36,400 MXN
Leon47,800 MXN
Los Mochis39,200 MXN
Los Reyes la Paz38,900 MXN
Manzanillo31,300 MXN
Matamoros42,700 MXN
Mazatlan41,100 MXN
Merida45,600 MXN
Metepec35,100 MXN
Mexicali48,800 MXN
Mexico City49,600 MXN
Minatitlan29,600 MXN
Monclova36,600 MXN
Monterrey47,500 MXN
Morelia46,700 MXN
Naucalpan46,200 MXN
Navojoa29,000 MXN
Nezahualcoyotl46,900 MXN
Nogales35,400 MXN
Nuevo Laredo41,000 MXN
Oaxaca39,200 MXN
Ojo de Agua36,100 MXN
Orizaba30,400 MXN
Pachuca39,600 MXN
Piedras Negras34,200 MXN
Playa del Carmen31,700 MXN
Poza Rica33,900 MXN
Puebla48,700 MXN
Puerto Vallarta35,100 MXN
Queretaro46,800 MXN
Reynosa45,300 MXN
Salamanca35,200 MXN
Saltillo48,900 MXN
San Cristobal de las Casas36,300 MXN
San Juan del Rio32,000 MXN
San Luis Potosi49,300 MXN
San Luis Rio Colorado34,900 MXN
San Nicolas de los Garza43,400 MXN
San Pablo de las Salinas37,200 MXN
San Pedro Garza Garcia30,600 MXN
Soledad de Graciano Sanchez37,900 MXN
Tampico42,400 MXN
Tapachula35,100 MXN
Tehuacan38,400 MXN
Tepic43,100 MXN
Tijuana48,200 MXN
Tlalnepantla de Baz48,300 MXN
Tlaquepaque45,700 MXN
Toluca43,500 MXN
Tonala41,600 MXN
Torreon46,300 MXN
Tuxtla Gutierrez44,800 MXN
Uruapan39,300 MXN
Veracruz42,500 MXN
Villa Nicolas Romero40,300 MXN
Villahermosa40,300 MXN
Xalapa42,100 MXN
Xico39,700 MXN
Zacatecas31,400 MXN
Zamora de Hidalgo32,500 MXN
Zapopan47,100 MXN
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