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Internal Bank Auditor Average Salary in Mexico 2024

How much money does a person working as Internal Bank Auditor make in Mexico?


Average Monthly Salary
35,200 MXN
( 422,000 MXN yearly)

LOW
18,300
MXN
AVERAGE
35,200
MXN
HIGH
53,800
MXN
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Internal Bank Auditor in Mexico typically earns around 35,200 MXN. Salaries range from 18,300 MXN (lowest) to 53,800 MXN (highest).


Salary Variance

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



Internal Bank Auditor Pay Scale and Salaries in Mexico

Median and salary distribution Mexico Internal Bank Auditor monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
31,900 MXN or more
10% of people earn
28,400 to 31,900 MXN
20% of people earn
20,700 MXN or less
65% of people earn
20,700 to 28,400 MXN
Minimum Salary
18,300 MXN
Median
32,000 MXN
Maximum
53,800 MXN




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Internal Bank Auditor in Mexico range from 18,300 MXN (starting salary) to 53,800 MXN (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 32,000 MXN, half of the professionals who work as Internal Bank Auditor in Mexico earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Internal Bank Auditor in Mexico earn less than 26,500 MXN, while 75% earn more. Similarly, the chart shows that 75% earn less than 36,300 MXN while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Internal Bank Auditor in Mexico compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 20,700 MXN to 28,400 MXN. About 20% of salaries are below the 20,700 MXN mark, while 10% fall within the range of 28,400 MXN to 31,900 MXN. Only 5% of individuals have salaries exceeding 31,900 MXN.

Salary Comparison by Years of Experience / Internal Bank Auditor / Mexico

How do experience and age affect pay?

0 - 2 Years
20,800 MXN
2 - 5 Years+34%
27,900 MXN
5 - 10 Years+30%
36,200 MXN
10 - 15 Years+21%
43,900 MXN
15 - 20 Years+9%
48,000 MXN
20+ Years+5%
50,500 MXN
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Mexico Internal Bank Auditor
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Internal Bank Auditor and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 20,800 MXN.

While someone with an experience level between two and five years is expected to earn 27,900 MXN, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 36,200 MXN, 30% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 43,900 MXN, 21% 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 48,000 MXN, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 50,500 MXN, 5% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Internal Bank Auditor / Mexico

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Internal Bank Auditor.

Bachelor's Degree
29,300 MXN
Master's Degree+39%
40,700 MXN
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Mexico Internal Bank Auditor
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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 salaries by education level for the position Internal Bank Auditor in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 29,300 MXN.


Level 2: Master's Degree

At this level, the average salary becomes 40,700 MXN, 39% more than the previous level.



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 167,000 MXN to 500,000 MXN 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 to a higher-paying job. The numbers seem to support the theory. 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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Salary and Compensation Comparison By Gender / Internal Bank Auditor / Mexico

Salary comparison by gender Mexico Internal Bank Auditor monthly
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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? For the people who work as Internal Bank Auditor in Mexico, the average difference between the salary of male and female employees is 10%.

Male
37,200 MXN
Female-9%
33,800 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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Average Annual Salary Increment Percentage / Internal Bank Auditor / Mexico

How much are annual salary increments in Mexico for individuals working as Internal Bank Auditor? How often do employees get salary raises?

Individuals working as Internal Bank Auditor in Mexico are likely to observe a salary increase of approximately 12% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Mexico Internal Bank Auditor
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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 rare 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%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Internal Bank Auditor / Mexico

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Mexico Internal Bank Auditor
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23% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 77% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
77%
No Bonus
23%

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.

Average Hourly Wage / Internal Bank Auditor / Mexico


200 MXN per hour

The average hourly wage (pay per hour) for individuals working as Internal Bank Auditor in Mexico is 200 MXN.This is the rate they get paid for every worked hour.


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

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Internal Bank Auditor in Mexico is 110 MXN. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Banking-100%
AML Analyst51,400 MXN+46%
Assistant Bank Branch Manager42,800 MXN+22%
Assistant Bank Manager60,200 MXN+71%
ATM Manager47,900 MXN+36%
ATM Service Technician13,700 MXN-61%
Bank Accounts Analyst20,300 MXN-42%
Bank Accounts Collector12,300 MXN-65%
Bank Accounts Controller25,500 MXN-28%
Bank Accounts Executive35,600 MXN+1%
Bank Accounts Manager43,000 MXN+22%
Bank Auditing Manager41,500 MXN+18%
Bank Branch Manager62,000 MXN+76%
Bank Branch Operations Coordinator25,400 MXN-28%
Bank Clerk11,600 MXN-67%
Bank Client Service Associate16,800 MXN-52%
Bank Collector11,700 MXN-67%
Bank Compliance Specialist32,900 MXN-6%
Bank Manager72,900 MXN+110%
Bank Operational Risk Manager71,500 MXN+100%
Bank Operations Head68,900 MXN+96%
Bank Operations Officer27,800 MXN-21%
Bank Operations Specialist42,900 MXN+22%
Bank Process Manager39,300 MXN+12%
Bank Product Manager 45,600 MXN+30%
Bank Programme Manager46,700 MXN+33%
Bank Project Manager57,900 MXN+65%
Bank Propositions Manager52,100 MXN+48%
Bank Quantitative Analyst36,500 MXN+4%
Bank Regional Manager72,000 MXN+100%
Bank Regional Risk Officer36,400 MXN+3%
Bank Relationship Manager54,800 MXN+56%
Bank Relationship Officer24,300 MXN-31%
Bank Sustainability Analyst42,600 MXN+21%
Bank Teller12,900 MXN-63%
Banker24,600 MXN-30%
Banking Business Analyst37,200 MXN+6%
Banking Business Development Officer22,700 MXN-35%
Banking Business Planning Executive54,600 MXN+55%
Banking Data Analyst41,200 MXN+17%
Banking Product Manager46,800 MXN+33%
Banking Reference Data Manager39,100 MXN+11%
Banking Regulatory Compliance Officer43,900 MXN+25%
Banking Risk Analyst35,300 MXN+0%
Banking Technical Analyst19,300 MXN-45%
Bankruptcy Coordinator26,500 MXN-25%
Bill and Account Collector13,300 MXN-62%
Blockchain Analyst32,500 MXN-8%
Blockchain Architect35,500 MXN+1%
Blockchain Auditor32,700 MXN-7%
Blockchain Compliance Analyst31,800 MXN-10%
Blockchain Consultant34,700 MXN-1%
Blockchain Trade Facilitator29,900 MXN-15%
Budget Analyst36,600 MXN+4%
Capital Risk Manager71,200 MXN+100%
Cards Marketing Manager47,900 MXN+36%
Cash Management Manager66,000 MXN+88%
Check Processing Manager45,900 MXN+30%
Chief Blockchain Officer40,100 MXN+14%
Commercial Vault Associate34,700 MXN-1%
Corporate Banker27,200 MXN-23%
Corporate Dealer36,400 MXN+3%
Credit Analyst28,000 MXN-20%
Credit and Collections Manager50,600 MXN+44%
Credit Card Fraud Investigator36,500 MXN+4%
Credit Portfolio Manager71,700 MXN+100%
Credit Risk Analyst41,900 MXN+19%
Credit Risk Associate40,500 MXN+15%
Cryptocurrency Accountant22,800 MXN-35%
Cryptocurrency Adviser46,100 MXN+31%
Cryptocurrency Analyst32,500 MXN-8%
Cryptocurrency Compliance Manager42,000 MXN+19%
Cryptocurrency Trader39,100 MXN+11%
Digital Banking Manager50,300 MXN+43%
Digital Currency Analyst36,600 MXN+4%
Direct Bank Sales Representative26,000 MXN-26%
Exchange Control Consultant39,100 MXN+11%
Executive Account Analyst37,300 MXN+6%
Financial Bank Planning Consultant46,200 MXN+31%
Financial Banking Analysis Manager52,900 MXN+50%
Financial Banking Assistant17,800 MXN-49%
Financial Banking Systems Manager47,900 MXN+36%
Foreign Exchange Manager53,300 MXN+52%
Fraud Analyst38,400 MXN+9%
Fraud Detection Associate27,400 MXN-22%
Fraud Detection Manager54,600 MXN+55%
Fraud Detection Supervisor31,200 MXN-11%
Internal Bank Audit Manager63,500 MXN+80%
Internal Bank Auditor35,200 MXN+0%
Internal Private Banker26,300 MXN-25%
International Banking Manager77,300 MXN+120%
Investment Banking Analyst53,100 MXN+51%
Loan Analyst36,700 MXN+4%
Loan Area Manager43,300 MXN+23%
Loan Audit Team Leader40,500 MXN+15%
Loan Branch Manager41,700 MXN+19%
Loan Business Development Officer21,200 MXN-40%
Loan Clerk12,900 MXN-63%
Loan Collection and Recovery Manager42,600 MXN+21%
Loan Collection Manager45,300 MXN+29%
Loan Collector12,100 MXN-66%
Loan Examiner16,700 MXN-53%
Loan Officer14,100 MXN-60%
Loan Processing Manager38,900 MXN+11%
Loan Processor16,900 MXN-52%
Loan Quality Assurance Auditor35,700 MXN+1%
Loan Quality Assurance Manager41,300 MXN+17%
Loan Quality Assurance Representative28,600 MXN-19%
Loan Review Manager40,700 MXN+16%
Loan Team Leader37,800 MXN+7%
Loans Manager51,100 MXN+45%
Mortgage Advisor24,400 MXN-31%
Mortgage Collection Manager42,900 MXN+22%
Mortgage Collector12,400 MXN-65%
Mortgage Credit Analyst19,000 MXN-46%
Mortgage Credit Manager41,600 MXN+18%
Mortgage Development Manager44,800 MXN+27%
Mortgage Document Reviewer15,900 MXN-55%
Mortgage Funding Manager49,000 MXN+39%
Mortgage Operations Manager65,200 MXN+85%
Mortgage Payment Processing Clerk13,500 MXN-62%
Mortgage Processing Manager40,700 MXN+16%
Mortgage Processor16,600 MXN-53%
Mortgage Quality Assurance Auditor36,400 MXN+3%
Mortgage Quality Assurance Manager43,300 MXN+23%
Mortgage Servicing Clerk13,400 MXN-62%
Mortgage Servicing Manager40,000 MXN+14%
Mortgage Underwriter15,200 MXN-57%
Online Banking Manager61,800 MXN+76%
Open Banking Strategist38,500 MXN+9%
Payment Processing Clerk13,100 MXN-63%
Personal Banker26,400 MXN-25%
Personal Banking Advisor 27,000 MXN-23%
Phone Banker16,800 MXN-52%
Private Banker27,700 MXN-21%
Reconciliation and Investigation Specialist29,500 MXN-16%
Tax Officer22,900 MXN-35%
Teller12,100 MXN-66%
Trade Officer14,500 MXN-59%
Trade Product Manager43,200 MXN+23%
Trader18,800 MXN-47%
Treasury Operations Officer32,100 MXN-9%
Wealth Management Advisor52,200 MXN+48%

Salary Comparison By City

CityAverage Salary
Cancun43,300 MXN
Guadalajara44,000 MXN
Mexico City47,200 MXN

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Mexico is 9% on average across all career fields.

Private Sector
32,000 MXN
Public Sector+9%
34,800 MXN
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Internal Bank Auditor in Mexico?

A good and competitive compensation would range anywhere between 32,000 MXN and 36,300 MXN. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Internal Bank Auditor in Mexico ranges from 18,300 MXN to 26,500 MXN. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


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

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


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