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Teller Average Salary in Mexico 2022

How much money does a Teller make in Mexico?


Average Monthly Salary
12,100 MXN
( 145,000 MXN yearly)

LOW
6,150
MXN
AVERAGE
12,100
MXN
HIGH
18,600
MXN

A person working as a Teller in Mexico typically earns around 12,100 MXN per month. Salaries range from 6,150 MXN (lowest) to 18,600 MXN (highest).

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

Teller Salary Distribution in Mexico

Median and salary distribution monthly Mexico Teller
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The median, the maximum, the minimum, and the range

  • Salary Range

    Teller salaries in Mexico range from 6,150 MXN per month (minimum salary) to 18,600 MXN per month (maximum salary).

  • Median Salary

    The median salary is 11,800 MXN per month, which means that half (50%) of people working as Teller(s) are earning less than 11,800 MXN while the other half are earning more than 11,800 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 Teller(s) are earning less than 8,080 MXN while 75% of them are earning more than 8,080 MXN. Also from the diagram, 75% of Teller(s) are earning less than 14,900 MXN while 25% are earning more than 14,900 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

Teller Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Mexico Teller
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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 Teller salaries by experience level and this is what we found.

A Teller with less than two years of experience makes approximately 6,890 MXN per month.

While someone with an experience level between two and five years is expected to earn 9,000 MXN per month, 31% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 12,600 MXN per month, 40% 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, Teller(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 15,100 MXN per month, 20% 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 16,400 MXN per month, 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 17,800 MXN per month, 8% more than people with fifteen to twenty years of experience.


Teller average salary change by experience in Mexico

0 - 2 Years
6,890 MXN
2 - 5 Years+31%
9,000 MXN
5 - 10 Years+40%
12,600 MXN
10 - 15 Years+20%
15,100 MXN
15 - 20 Years+9%
16,400 MXN
20+ Years+8%
17,800 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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Teller Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Mexico Teller
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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 Teller salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Teller is 7,880 MXN per month.

While someone with a Certificate or Diploma gets a salary of 11,600 MXN per month, 47% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 17,800 MXN per month, 53% more than someone with a Certificate or Diploma.


Teller average salary difference by education level in Mexico

High School
7,880 MXN
Certificate or Diploma+47%
11,600 MXN
Bachelor's Degree+53%
17,800 MXN
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Teller Salary Comparison By Gender

Salary comparison by gender monthly Mexico Teller
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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 Teller employees in Mexico earn 14% more than their female counterparts on average.

Male
12,900 MXN
Female-12%
11,300 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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Teller Average Annual Salary Increment Percentage in Mexico

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

Teller

Teller(s) in Mexico are likely to observe a salary increase of approximately 11% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Mexico Teller
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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

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 2021

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 2021. 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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Teller Bonus and Incentive Rates in Mexico

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Mexico Teller
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A Teller is considered to be a low 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.

73% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 27% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
27%
No Bonus
73%

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.

Teller Average Hourly Wage in Mexico


70 MXN per hour

The average hourly wage (pay per hour) in Mexico is 70 MXN. This means that the average Teller in Mexico earns approximately 70 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.

Teller VS Other Jobs

Salary Comparison Between Teller and Banking monthly Mexico
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The average salary for Teller is 67% less than that of Banking. Also, Banking salaries are 9% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst51,400 MXN+330%
Assistant Bank Branch Manager42,800 MXN+260%
Assistant Bank Manager60,200 MXN+400%
ATM Manager47,900 MXN+300%
ATM Service Technician13,700 MXN+14%
Bank Accounts Analyst20,300 MXN+68%
Bank Accounts Controller25,500 MXN+110%
Bank Accounts Executive35,600 MXN+200%
Bank Accounts Manager43,000 MXN+260%
Bank Auditing Manager41,500 MXN+240%
Bank Branch Manager62,000 MXN+410%
Bank Clerk11,600 MXN-4%
Bank Compliance Specialist32,900 MXN+170%
Bank Manager72,900 MXN+500%
Bank Operational Risk Manager71,500 MXN+490%
Bank Operations Head68,900 MXN+470%
Bank Operations Officer27,800 MXN+130%
Bank Operations Specialist42,900 MXN+260%
Bank Process Manager39,300 MXN+230%
Bank Product Manager 45,600 MXN+280%
Bank Programme Manager46,700 MXN+290%
Bank Project Manager57,900 MXN+380%
Bank Propositions Manager52,100 MXN+330%
Bank Quantitative Analyst36,500 MXN+200%
Bank Regional Manager72,000 MXN+500%
Bank Regional Risk Officer36,400 MXN+200%
Bank Relationship Manager54,800 MXN+350%
Bank Relationship Officer24,300 MXN+100%
Banker24,600 MXN+100%
Banking Business Analyst37,200 MXN+210%
Banking Business Development Officer22,700 MXN+88%
Banking Business Planning Executive54,600 MXN+350%
Banking Product Manager46,800 MXN+290%
Banking Reference Data Manager39,100 MXN+220%
Banking Risk Analyst35,300 MXN+190%
Banking Technical Analyst19,300 MXN+60%
Bankruptcy Coordinator26,500 MXN+120%
Budget Analyst36,600 MXN+200%
Cards Marketing Manager47,900 MXN+300%
Cash Management Manager66,000 MXN+450%
Check Processing Manager45,900 MXN+280%
Commercial Vault Associate34,700 MXN+190%
Corporate Dealer36,400 MXN+200%
Credit Analyst28,000 MXN+130%
Credit and Collections Manager50,600 MXN+320%
Credit Card Fraud Investigator36,500 MXN+200%
Credit Portfolio Manager71,700 MXN+500%
Credit Risk Analyst41,900 MXN+250%
Credit Risk Associate40,500 MXN+240%
Direct Bank Sales Representative26,000 MXN+120%
Financial Bank Planning Consultant46,200 MXN+280%
Financial Banking Analysis Manager52,900 MXN+340%
Financial Banking Assistant17,800 MXN+48%
Financial Banking Systems Manager47,900 MXN+300%
Foreign Exchange Manager53,300 MXN+340%
Fraud Analyst38,400 MXN+220%
Fraud Detection Associate27,400 MXN+130%
Fraud Detection Manager54,600 MXN+350%
Fraud Detection Supervisor31,200 MXN+160%
Internal Bank Audit Manager63,500 MXN+430%
Internal Bank Auditor35,200 MXN+190%
International Banking Manager77,300 MXN+540%
Loan Analyst36,700 MXN+200%
Loan Area Manager43,300 MXN+260%
Loan Audit Team Leader40,500 MXN+240%
Loan Branch Manager41,700 MXN+250%
Loan Business Development Officer21,200 MXN+76%
Loan Clerk12,900 MXN+7%
Loan Collection Manager45,300 MXN+280%
Loan Collector12,100 MXN+0%
Loan Examiner16,700 MXN+39%
Loan Processing Manager38,900 MXN+220%
Loan Processor16,900 MXN+40%
Loan Quality Assurance Auditor35,700 MXN+200%
Loan Quality Assurance Manager41,300 MXN+240%
Loan Quality Assurance Representative28,600 MXN+140%
Loan Review Manager40,700 MXN+240%
Loan Team Leader37,800 MXN+210%
Mortgage Advisor24,400 MXN+100%
Mortgage Collection Manager42,900 MXN+260%
Mortgage Collector12,400 MXN+3%
Mortgage Credit Analyst19,000 MXN+58%
Mortgage Credit Manager41,600 MXN+250%
Mortgage Development Manager44,800 MXN+270%
Mortgage Document Reviewer15,900 MXN+32%
Mortgage Funding Manager49,000 MXN+310%
Mortgage Operations Manager65,200 MXN+440%
Mortgage Payment Processing Clerk13,500 MXN+12%
Mortgage Processing Manager40,700 MXN+240%
Mortgage Processor16,600 MXN+38%
Mortgage Quality Assurance Auditor36,400 MXN+200%
Mortgage Quality Assurance Manager43,300 MXN+260%
Mortgage Servicing Clerk13,400 MXN+11%
Mortgage Servicing Manager40,000 MXN+230%
Mortgage Underwriter15,200 MXN+26%
Online Banking Manager61,800 MXN+410%
Payment Processing Clerk13,100 MXN+9%
Personal Banker26,400 MXN+120%
Personal Banking Advisor 27,000 MXN+120%
Phone Banker16,800 MXN+39%
Private Banker27,700 MXN+130%
Reconciliation and Investigation Specialist29,500 MXN+140%
Teller12,100 MXN+0%
Trade Officer14,500 MXN+20%
Trade Product Manager43,200 MXN+260%
Trader18,800 MXN+56%
Treasury Operations Officer32,100 MXN+170%

Salary Comparison By City

CityAverage Salary
Acapulco14,500 MXN
Acuna12,400 MXN
Aguascalientes14,800 MXN
Boca del Rio10,400 MXN
Buenavista11,900 MXN
Campeche11,600 MXN
Cancun15,200 MXN
Celaya14,000 MXN
Chalco11,100 MXN
Chetumal11,200 MXN
Chicoloapan11,100 MXN
Chihuahua16,100 MXN
Chilpancingo11,800 MXN
Chimalhuacan15,500 MXN
Cholula de Rivadabia11,900 MXN
Ciudad Apodaca14,300 MXN
Ciudad del Carmen11,200 MXN
Ciudad Juarez10,500 MXN
Ciudad Lopez Mateos13,900 MXN
Ciudad Obregon13,500 MXN
Ciudad Santa Catarina12,800 MXN
Ciudad Valles10,100 MXN
Ciudad Victoria13,000 MXN
Coacalco12,500 MXN
Coatzacoalcos11,600 MXN
Colima10,000 MXN
Cordoba10,000 MXN
Cuautitlan Izcalli14,600 MXN
Cuautla10,400 MXN
Cuernavaca13,100 MXN
Culiacan15,800 MXN
Delicias10,300 MXN
Durango14,800 MXN
Ecatepec de Morelos15,700 MXN
Ensenada12,600 MXN
Fresnillo10,100 MXN
General Escobedo13,800 MXN
Gomez Palacio12,400 MXN
Guadalajara16,000 MXN
Guadalupe14,800 MXN
Guaymas9,440 MXN
Hermosillo15,500 MXN
Hidalgo del Parral9,570 MXN
Iguala9,640 MXN
Irapuato14,300 MXN
Ixtapaluca13,800 MXN
Jiutepec11,600 MXN
La Paz12,200 MXN
Leon16,300 MXN
Los Mochis12,800 MXN
Los Reyes la Paz12,300 MXN
Manzanillo10,600 MXN
Matamoros13,800 MXN
Mazatlan13,400 MXN
Merida14,700 MXN
Metepec12,400 MXN
Mexicali14,900 MXN
Mexico City16,900 MXN
Minatitlan9,650 MXN
Monclova11,800 MXN
Monterrey15,800 MXN
Morelia14,500 MXN
Naucalpan15,600 MXN
Navojoa10,000 MXN
Nezahualcoyotl16,500 MXN
Nogales11,600 MXN
Nuevo Laredo13,800 MXN
Oaxaca12,800 MXN
Ojo de Agua11,800 MXN
Orizaba9,480 MXN
Pachuca13,000 MXN
Piedras Negras10,500 MXN
Playa del Carmen10,800 MXN
Poza Rica10,900 MXN
Puebla16,400 MXN
Puerto Vallarta12,200 MXN
Queretaro15,400 MXN
Reynosa14,100 MXN
Salamanca11,200 MXN
Saltillo15,900 MXN
San Cristobal de las Casas11,900 MXN
San Juan del Rio10,700 MXN
San Luis Potosi15,300 MXN
San Luis Rio Colorado11,000 MXN
San Nicolas de los Garza14,700 MXN
San Pablo de las Salinas11,700 MXN
San Pedro Garza Garcia9,950 MXN
Soledad de Graciano Sanchez12,700 MXN
Tampico12,600 MXN
Tapachula11,100 MXN
Tehuacan12,700 MXN
Tepic13,200 MXN
Tijuana16,700 MXN
Tlalnepantla de Baz15,400 MXN
Tlaquepaque14,400 MXN
Toluca14,200 MXN
Tonala13,200 MXN
Torreon14,200 MXN
Tuxtla Gutierrez14,400 MXN
Uruapan12,600 MXN
Veracruz14,700 MXN
Villa Nicolas Romero13,500 MXN
Villahermosa13,000 MXN
Xalapa14,400 MXN
Xico13,600 MXN
Zacatecas9,940 MXN
Zamora de Hidalgo10,400 MXN
Zapopan15,400 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
Percentage increase and decrease are relative to the previous value

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