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 salaries in Mexico range from 20,000 MXN per month (minimum salary) to 61,900 MXN per month (maximum 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.
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.
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
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.
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.
|0 - 2 Years|
|2 - 5 Years||+32%|
|5 - 10 Years||+34%|
|10 - 15 Years||+19%|
|15 - 20 Years||+8%|
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
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.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+3%|
|Average Salary 2019||+1%|
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.
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.
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.
|Job Title||Average Salary|
|AML Analyst||36,600 MXN||-8%|
|Assistant Bank Branch Manager||32,700 MXN||-18%|
|Assistant Bank Manager||39,800 MXN||-0%|
|ATM Manager||35,200 MXN||-12%|
|ATM Service Technician||19,300 MXN||-52%|
|Bank Accounts Analyst||26,100 MXN||-35%|
|Bank Accounts Controller||27,900 MXN||-30%|
|Bank Accounts Executive||28,500 MXN||-29%|
|Bank Accounts Manager||31,600 MXN||-21%|
|Bank Auditing Manager||30,900 MXN||-23%|
|Bank Branch Manager||39,900 MXN||-0%|
|Bank Clerk||19,100 MXN||-52%|
|Bank Compliance Specialist||28,200 MXN||-29%|
|Bank Manager||59,000 MXN||+48%|
|Bank Operational Risk Manager||42,900 MXN||+7%|
|Bank Operations Head||43,700 MXN||+9%|
|Bank Operations Officer||25,800 MXN||-35%|
|Bank Operations Specialist||34,300 MXN||-14%|
|Bank Process Manager||28,200 MXN||-29%|
|Bank Product Manager||29,700 MXN||-26%|
|Bank Programme Manager||34,700 MXN||-13%|
|Bank Project Manager||37,200 MXN||-7%|
|Bank Propositions Manager||37,500 MXN||-6%|
|Bank Quantitative Analyst||29,200 MXN||-27%|
|Bank Regional Manager||40,800 MXN||+2%|
|Bank Regional Risk Officer||26,900 MXN||-33%|
|Bank Relationship Manager||34,900 MXN||-13%|
|Bank Relationship Officer||25,700 MXN||-36%|
|Banking Business Analyst||29,800 MXN||-25%|
|Banking Business Development Officer||25,100 MXN||-37%|
|Banking Business Planning Executive||38,800 MXN||-3%|
|Banking Product Manager||36,400 MXN||-9%|
|Banking Reference Data Manager||31,300 MXN||-22%|
|Banking Risk Analyst||28,200 MXN||-29%|
|Banking Technical Analyst||24,700 MXN||-38%|
|Bankruptcy Coordinator||31,900 MXN||-20%|
|Budget Analyst||29,300 MXN||-27%|
|Cards Marketing Manager||37,200 MXN||-7%|
|Cash Management Manager||40,800 MXN||+2%|
|Check Processing Manager||36,400 MXN||-9%|
|Commercial Vault Associate||27,800 MXN||-30%|
|Corporate Dealer||29,000 MXN||-27%|
|Credit Analyst||32,800 MXN||-18%|
|Credit and Collections Manager||36,500 MXN||-9%|
|Credit Card Fraud Investigator||29,200 MXN||-27%|
|Credit Portfolio Manager||45,300 MXN||+13%|
|Credit Risk Analyst||36,500 MXN||-9%|
|Credit Risk Associate||32,400 MXN||-19%|
|Direct Bank Sales Representative||27,400 MXN||-31%|
|Financial Bank Planning Consultant||32,100 MXN||-20%|
|Financial Banking Analysis Manager||35,600 MXN||-11%|
|Financial Banking Assistant||25,100 MXN||-37%|
|Financial Banking Systems Manager||33,500 MXN||-16%|
|Foreign Exchange Manager||36,200 MXN||-9%|
|Fraud Analyst||29,900 MXN||-25%|
|Fraud Detection Associate||31,100 MXN||-22%|
|Fraud Detection Manager||36,400 MXN||-9%|
|Fraud Detection Supervisor||29,500 MXN||-26%|
|Internal Bank Audit Manager||36,800 MXN||-8%|
|Internal Bank Auditor||28,100 MXN||-30%|
|International Banking Manager||49,800 MXN||+25%|
|Loan Analyst||29,300 MXN||-27%|
|Loan Area Manager||31,800 MXN||-20%|
|Loan Audit Team Leader||32,400 MXN||-19%|
|Loan Branch Manager||33,400 MXN||-16%|
|Loan Business Development Officer||26,600 MXN||-33%|
|Loan Clerk||20,800 MXN||-48%|
|Loan Collection Manager||33,600 MXN||-16%|
|Loan Collector||18,100 MXN||-55%|
|Loan Examiner||23,700 MXN||-41%|
|Loan Processing Manager||27,600 MXN||-31%|
|Loan Processor||26,600 MXN||-33%|
|Loan Quality Assurance Auditor||28,600 MXN||-28%|
|Loan Quality Assurance Manager||33,100 MXN||-17%|
|Loan Quality Assurance Representative||27,400 MXN||-31%|
|Loan Review Manager||29,100 MXN||-27%|
|Loan Team Leader||30,200 MXN||-24%|
|Mortgage Advisor||27,100 MXN||-32%|
|Mortgage Collection Manager||31,600 MXN||-21%|
|Mortgage Collector||22,400 MXN||-44%|
|Mortgage Credit Analyst||24,400 MXN||-39%|
|Mortgage Credit Manager||28,700 MXN||-28%|
|Mortgage Development Manager||33,400 MXN||-16%|
|Mortgage Document Reviewer||22,200 MXN||-44%|
|Mortgage Funding Manager||36,800 MXN||-8%|
|Mortgage Operations Manager||40,000 MXN||+0%|
|Mortgage Payment Processing Clerk||19,600 MXN||-51%|
|Mortgage Processing Manager||31,400 MXN||-21%|
|Mortgage Processor||23,200 MXN||-42%|
|Mortgage Quality Assurance Auditor||29,100 MXN||-27%|
|Mortgage Quality Assurance Manager||31,600 MXN||-21%|
|Mortgage Servicing Clerk||18,900 MXN||-53%|
|Mortgage Servicing Manager||30,900 MXN||-23%|
|Mortgage Underwriter||20,600 MXN||-48%|
|Online Banking Manager||39,100 MXN||-2%|
|Payment Processing Clerk||19,800 MXN||-50%|
|Personal Banker||28,600 MXN||-28%|
|Personal Banking Advisor||29,400 MXN||-26%|
|Phone Banker||23,500 MXN||-41%|
|Private Banker||32,800 MXN||-18%|
|Reconciliation and Investigation Specialist||26,500 MXN||-34%|
|Trade Officer||20,300 MXN||-49%|
|Trade Product Manager||31,100 MXN||-22%|
|Treasury Operations Officer||27,400 MXN||-31%|
|Boca del Rio||33,400 MXN|
|Cholula de Rivadabia||34,800 MXN|
|Ciudad Apodaca||43,000 MXN|
|Ciudad del Carmen||36,500 MXN|
|Ciudad Juarez||32,700 MXN|
|Ciudad Lopez Mateos||44,000 MXN|
|Ciudad Obregon||42,100 MXN|
|Ciudad Santa Catarina||40,500 MXN|
|Ciudad Valles||31,500 MXN|
|Ciudad Victoria||41,800 MXN|
|Cuautitlan Izcalli||44,300 MXN|
|Ecatepec de Morelos||49,400 MXN|
|General Escobedo||43,800 MXN|
|Gomez Palacio||39,800 MXN|
|Hidalgo del Parral||28,800 MXN|
|La Paz||36,400 MXN|
|Los Mochis||39,200 MXN|
|Los Reyes la Paz||38,900 MXN|
|Mexico City||49,600 MXN|
|Nuevo Laredo||41,000 MXN|
|Ojo de Agua||36,100 MXN|
|Piedras Negras||34,200 MXN|
|Playa del Carmen||31,700 MXN|
|Poza Rica||33,900 MXN|
|Puerto Vallarta||35,100 MXN|
|San Cristobal de las Casas||36,300 MXN|
|San Juan del Rio||32,000 MXN|
|San Luis Potosi||49,300 MXN|
|San Luis Rio Colorado||34,900 MXN|
|San Nicolas de los Garza||43,400 MXN|
|San Pablo de las Salinas||37,200 MXN|
|San Pedro Garza Garcia||30,600 MXN|
|Soledad de Graciano Sanchez||37,900 MXN|
|Tlalnepantla de Baz||48,300 MXN|
|Tuxtla Gutierrez||44,800 MXN|
|Villa Nicolas Romero||40,300 MXN|
|Zamora de Hidalgo||32,500 MXN|