Bank Branch Manager Average Salary in Mexico 2021
How much money does a Bank Branch Manager make in Mexico?
LOW
31,000
MXN AVERAGE
62,000
MXN HIGH
96,100
MXN
A person working as a Bank Branch Manager in Mexico typically earns around 62,000 MXN per month. Salaries range from 31,000 MXN (lowest) to 96,100 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
The median, the maximum, the minimum, and the range
Salary Range
Bank Branch Manager salaries in Mexico range from 31,000 MXN per month (minimum salary) to 96,100 MXN per month (maximum salary).
Median Salary
The median salary is 62,000 MXN per month, which means that half (50%) of people working as Bank Branch Manager(s) are earning less than 62,000 MXN while the other half are earning more than 62,000 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 41,800 MXN while 75% of them are earning more than 41,800 MXN. Also from the diagram, 75% of Bank Branch Manager(s) are earning less than 79,000 MXN while 25% are earning more than 79,000 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?
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 37,200 MXN per month.
While someone with an experience level between two and five years is expected to earn 49,200 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 65,800 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 78,500 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 84,700 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 90,900 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 | 37,200 MXN | |
| 2 - 5 Years | +32% | 49,200 MXN |
| 5 - 10 Years | +34% | 65,800 MXN |
| 10 - 15 Years | +19% | 78,500 MXN |
| 15 - 20 Years | +8% | 84,700 MXN |
| 20+ Years | +7% | 90,900 MXN |
Typical Salary Progress for Most Careers
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.
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 53,100 MXN per month.
While someone with a Master's Degree gets a salary of 83,700 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 | 53,100 MXN | |
| Master's Degree | +58% | 83,700 MXN |
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 166,000 Mexican Peso(s) to 498,000 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
Bank Branch Manager Salary Comparison By Gender
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 6% more than their female counterparts on average.
| Male | 63,600 MXN | |
| Female | -6% | 60,000 MXN |
Salary Comparison By Gender in Mexico for all Careers
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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 13% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
Mexico / All Professions
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
Annual Increment Rate By Industry 2020
| 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 2020. 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
Bank Branch Manager Bonus and Incentive Rates in Mexico
How much and how often are bonuses being awarded?
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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.
19% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 81% 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 | 81% | |
| No Bonus | 19% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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.
Bank Branch Manager Average Hourly Wage in Mexico
360 MXN per hourThe average hourly wage (pay per hour) in Mexico is 360 MXN. This means that the average Bank Branch Manager in Mexico earns approximately 360 MXN for every worked hour.
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
The average salary for Bank Branch Manager is 72% more than that of Banking. Also, Banking salaries are 9% more than those of All Jobs.
Salary comparison with similar jobs
| Job Title | Average Salary |
| AML Analyst | 51,400 MXN |  -17% |
| Assistant Bank Branch Manager | 42,800 MXN | -31% |
| Assistant Bank Manager | 60,200 MXN | -3% |
| ATM Manager | 47,900 MXN | -23% |
| ATM Service Technician | 13,700 MXN | -78% |
| Bank Accounts Analyst | 20,300 MXN | -67% |
| Bank Accounts Controller | 25,500 MXN | -59% |
| Bank Accounts Executive | 35,600 MXN | -43% |
| Bank Accounts Manager | 43,000 MXN | -31% |
| Bank Auditing Manager | 41,500 MXN | -33% |
| Bank Branch Manager | 62,000 MXN |  +0% |
| Bank Clerk | 11,600 MXN | -81% |
| Bank Compliance Specialist | 32,900 MXN | -47% |
| Bank Manager | 72,900 MXN | +18% |
| Bank Operational Risk Manager | 71,500 MXN | +15% |
| Bank Operations Head | 68,900 MXN | +11% |
| Bank Operations Officer | 27,800 MXN | -55% |
| Bank Operations Specialist | 42,900 MXN | -31% |
| Bank Process Manager | 39,300 MXN | -37% |
| Bank Product Manager | 45,600 MXN | -26% |
| Bank Programme Manager | 46,700 MXN | -25% |
| Bank Project Manager | 57,900 MXN | -7% |
| Bank Propositions Manager | 52,100 MXN | -16% |
| Bank Quantitative Analyst | 36,500 MXN | -41% |
| Bank Regional Manager | 72,000 MXN | +16% |
| Bank Regional Risk Officer | 36,400 MXN | -41% |
| Bank Relationship Manager | 54,800 MXN | -12% |
| Bank Relationship Officer | 24,300 MXN | -61% |
| Banker | 24,600 MXN | -60% |
| Banking Business Analyst | 37,200 MXN | -40% |
| Banking Business Development Officer | 22,700 MXN | -63% |
| Banking Business Planning Executive | 54,600 MXN | -12% |
| Banking Product Manager | 46,800 MXN | -24% |
| Banking Reference Data Manager | 39,100 MXN | -37% |
| Banking Risk Analyst | 35,300 MXN | -43% |
| Banking Technical Analyst | 19,300 MXN | -69% |
| Bankruptcy Coordinator | 26,500 MXN | -57% |
| Budget Analyst | 36,600 MXN | -41% |
| Cards Marketing Manager | 47,900 MXN | -23% |
| Cash Management Manager | 66,000 MXN | +6% |
| Check Processing Manager | 45,900 MXN | -26% |
| Commercial Vault Associate | 34,700 MXN | -44% |
| Corporate Dealer | 36,400 MXN | -41% |
| Credit Analyst | 28,000 MXN | -55% |
| Credit and Collections Manager | 50,600 MXN | -18% |
| Credit Card Fraud Investigator | 36,500 MXN | -41% |
| Credit Portfolio Manager | 71,700 MXN | +16% |
| Credit Risk Analyst | 41,900 MXN | -32% |
| Credit Risk Associate | 40,500 MXN | -35% |
| Direct Bank Sales Representative | 26,000 MXN | -58% |
| Financial Bank Planning Consultant | 46,200 MXN | -25% |
| Financial Banking Analysis Manager | 52,900 MXN | -15% |
| Financial Banking Assistant | 17,800 MXN | -71% |
| Financial Banking Systems Manager | 47,900 MXN | -23% |
| Foreign Exchange Manager | 53,300 MXN | -14% |
| Fraud Analyst | 38,400 MXN | -38% |
| Fraud Detection Associate | 27,400 MXN | -56% |
| Fraud Detection Manager | 54,600 MXN | -12% |
| Fraud Detection Supervisor | 31,200 MXN | -50% |
| Internal Bank Audit Manager | 63,500 MXN | +2% |
| Internal Bank Auditor | 35,200 MXN | -43% |
| International Banking Manager | 77,300 MXN | +25% |
| Loan Analyst | 36,700 MXN | -41% |
| Loan Area Manager | 43,300 MXN | -30% |
| Loan Audit Team Leader | 40,500 MXN | -35% |
| Loan Branch Manager | 41,700 MXN | -33% |
| Loan Business Development Officer | 21,200 MXN | -66% |
| Loan Clerk | 12,900 MXN | -79% |
| Loan Collection Manager | 45,300 MXN | -27% |
| Loan Collector | 12,100 MXN | -80% |
| Loan Examiner | 16,700 MXN | -73% |
| Loan Processing Manager | 38,900 MXN | -37% |
| Loan Processor | 16,900 MXN | -73% |
| Loan Quality Assurance Auditor | 35,700 MXN | -42% |
| Loan Quality Assurance Manager | 41,300 MXN | -33% |
| Loan Quality Assurance Representative | 28,600 MXN | -54% |
| Loan Review Manager | 40,700 MXN | -34% |
| Loan Team Leader | 37,800 MXN | -39% |
| Mortgage Advisor | 24,400 MXN | -61% |
| Mortgage Collection Manager | 42,900 MXN | -31% |
| Mortgage Collector | 12,400 MXN | -80% |
| Mortgage Credit Analyst | 19,000 MXN | -69% |
| Mortgage Credit Manager | 41,600 MXN | -33% |
| Mortgage Development Manager | 44,800 MXN | -28% |
| Mortgage Document Reviewer | 15,900 MXN | -74% |
| Mortgage Funding Manager | 49,000 MXN | -21% |
| Mortgage Operations Manager | 65,200 MXN | +5% |
| Mortgage Payment Processing Clerk | 13,500 MXN | -78% |
| Mortgage Processing Manager | 40,700 MXN | -34% |
| Mortgage Processor | 16,600 MXN | -73% |
| Mortgage Quality Assurance Auditor | 36,400 MXN | -41% |
| Mortgage Quality Assurance Manager | 43,300 MXN | -30% |
| Mortgage Servicing Clerk | 13,400 MXN | -78% |
| Mortgage Servicing Manager | 40,000 MXN | -35% |
| Mortgage Underwriter | 15,200 MXN | -75% |
| Online Banking Manager | 61,800 MXN | -0% |
| Payment Processing Clerk | 13,100 MXN | -79% |
| Personal Banker | 26,400 MXN | -57% |
| Personal Banking Advisor | 27,000 MXN | -56% |
| Phone Banker | 16,800 MXN | -73% |
| Private Banker | 27,700 MXN | -55% |
| Reconciliation and Investigation Specialist | 29,500 MXN | -52% |
| Teller | 12,100 MXN | -80% |
| Trade Officer | 14,500 MXN | -77% |
| Trade Product Manager | 43,200 MXN | -30% |
| Trader | 18,800 MXN | -70% |
| Treasury Operations Officer | 32,100 MXN | -48% |
Salary Comparison By City
| City | Average Salary |
| Acapulco | 74,500 MXN |
| Acuna | 58,200 MXN |
| Aguascalientes | 77,200 MXN |
| Boca del Rio | 51,800 MXN |
| Buenavista | 56,000 MXN |
| Campeche | 57,500 MXN |
| Cancun | 72,600 MXN |
| Celaya | 67,900 MXN |
| Chalco | 55,400 MXN |
| Chetumal | 53,300 MXN |
| Chicoloapan | 51,900 MXN |
| Chihuahua | 72,000 MXN |
| Chilpancingo | 53,500 MXN |
| Chimalhuacan | 71,800 MXN |
| Cholula de Rivadabia | 54,000 MXN |
| Ciudad Apodaca | 66,700 MXN |
| Ciudad del Carmen | 56,600 MXN |
| Ciudad Juarez | 50,700 MXN |
| Ciudad Lopez Mateos | 68,300 MXN |
| Ciudad Obregon | 65,300 MXN |
| Ciudad Santa Catarina | 62,900 MXN |
| Ciudad Valles | 48,800 MXN |
| Ciudad Victoria | 64,900 MXN |
| Coacalco | 64,500 MXN |
| Coatzacoalcos | 58,800 MXN |
| Colima | 50,800 MXN |
| Cordoba | 51,400 MXN |
| Cuautitlan Izcalli | 68,700 MXN |
| Cuautla | 53,700 MXN |
| Cuernavaca | 61,200 MXN |
| Culiacan | 76,500 MXN |
| Delicias | 47,500 MXN |
| Durango | 68,500 MXN |
| Ecatepec de Morelos | 76,700 MXN |
| Ensenada | 63,700 MXN |
| Fresnillo | 47,500 MXN |
| General Escobedo | 68,000 MXN |
| Gomez Palacio | 61,800 MXN |
| Guadalajara | 75,900 MXN |
| Guadalupe | 76,000 MXN |
| Guaymas | 45,400 MXN |
| Hermosillo | 76,200 MXN |
| Hidalgo del Parral | 44,700 MXN |
| Iguala | 47,200 MXN |
| Irapuato | 63,900 MXN |
| Ixtapaluca | 65,900 MXN |
| Jiutepec | 55,700 MXN |
| La Paz | 56,500 MXN |
| Leon | 74,100 MXN |
| Los Mochis | 60,800 MXN |
| Los Reyes la Paz | 60,400 MXN |
| Manzanillo | 48,500 MXN |
| Matamoros | 66,300 MXN |
| Mazatlan | 63,800 MXN |
| Merida | 70,700 MXN |
| Metepec | 54,400 MXN |
| Mexicali | 75,800 MXN |
| Mexico City | 76,900 MXN |
| Minatitlan | 45,900 MXN |
| Monclova | 56,700 MXN |
| Monterrey | 73,800 MXN |
| Morelia | 72,400 MXN |
| Naucalpan | 71,700 MXN |
| Navojoa | 45,000 MXN |
| Nezahualcoyotl | 72,700 MXN |
| Nogales | 54,900 MXN |
| Nuevo Laredo | 63,600 MXN |
| Oaxaca | 60,900 MXN |
| Ojo de Agua | 56,000 MXN |
| Orizaba | 47,200 MXN |
| Pachuca | 61,400 MXN |
| Piedras Negras | 53,000 MXN |
| Playa del Carmen | 49,200 MXN |
| Poza Rica | 52,600 MXN |
| Puebla | 75,600 MXN |
| Puerto Vallarta | 54,500 MXN |
| Queretaro | 72,600 MXN |
| Reynosa | 70,300 MXN |
| Salamanca | 54,600 MXN |
| Saltillo | 75,900 MXN |
| San Cristobal de las Casas | 56,300 MXN |
| San Juan del Rio | 49,700 MXN |
| San Luis Potosi | 76,400 MXN |
| San Luis Rio Colorado | 54,100 MXN |
| San Nicolas de los Garza | 67,300 MXN |
| San Pablo de las Salinas | 57,700 MXN |
| San Pedro Garza Garcia | 47,400 MXN |
| Soledad de Graciano Sanchez | 58,900 MXN |
| Tampico | 65,800 MXN |
| Tapachula | 54,500 MXN |
| Tehuacan | 59,600 MXN |
| Tepic | 66,900 MXN |
| Tijuana | 74,800 MXN |
| Tlalnepantla de Baz | 75,000 MXN |
| Tlaquepaque | 71,000 MXN |
| Toluca | 67,500 MXN |
| Tonala | 64,500 MXN |
| Torreon | 71,800 MXN |
| Tuxtla Gutierrez | 69,500 MXN |
| Uruapan | 61,000 MXN |
| Veracruz | 65,900 MXN |
| Villa Nicolas Romero | 62,500 MXN |
| Villahermosa | 62,600 MXN |
| Xalapa | 65,300 MXN |
| Xico | 61,600 MXN |
| Zacatecas | 48,800 MXN |
| Zamora de Hidalgo | 50,400 MXN |
| Zapopan | 73,100 MXN |
Government vs Private Sector Salary Comparison
Where can you get paid more, working for a private company or for the government? Public sector employees in Mexico earn 9% more than their private sector counterparts on average across all sectors.
| Private Sector | 31,900 MXN | |
| Public Sector | +9% | 34,600 MXN |
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