A person working as a Bank Branch Manager in Brazil typically earns around 15,800 BRL per month. Salaries range from 7,760 BRL (lowest) to 24,700 BRL (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 Brazil range from 7,760 BRL per month (minimum salary) to 24,700 BRL per month (maximum salary).
The median salary is 16,100 BRL per month, which means that half (50%) of people working as Bank Branch Manager(s) are earning less than 16,100 BRL while the other half are earning more than 16,100 BRL. 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 10,800 BRL while 75% of them are earning more than 10,800 BRL. Also from the diagram, 75% of Bank Branch Manager(s) are earning less than 20,800 BRL while 25% are earning more than 20,800 BRL.
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 9,190 BRL per month.
While someone with an experience level between two and five years is expected to earn 11,800 BRL per month, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 16,300 BRL per month, 38% 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 20,200 BRL per month, 24% 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 21,600 BRL per month, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 23,100 BRL per month, 7% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+29%|
|5 - 10 Years||+38%|
|10 - 15 Years||+24%|
|15 - 20 Years||+7%|
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 11,500 BRL per month.
While someone with a Master's Degree gets a salary of 18,400 BRL per month, 60% more than someone having a Bachelor's Degree degree.
A Master's degree program or any post-graduate program in Brazil costs anywhere from 56,600 Brazilian Real(s) to 170,000 Brazilian Real(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 Brazil earn 14% more than their female counterparts.
Bank Branch Manager(s) in Brazil are likely to observe a salary increase of approximately 13% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 16 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 Brazil 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.
18% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 82% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% 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 Brazil earn 6% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+3%|
|Average Salary 2019||+2%|
Bank Branch Manager salaries in Brazil are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% 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 24% more than that of Banking. Also, Banking salaries are 13% more than those of All Jobs.
|Job Title||Average Salary|
|AML Analyst||15,300 BRL||-3%|
|Assistant Bank Branch Manager||14,200 BRL||-10%|
|Assistant Bank Manager||16,500 BRL||+4%|
|ATM Manager||16,000 BRL||+1%|
|ATM Service Technician||7,860 BRL||-50%|
|Bank Accounts Analyst||10,600 BRL||-33%|
|Bank Accounts Controller||11,900 BRL||-25%|
|Bank Accounts Executive||12,000 BRL||-24%|
|Bank Accounts Manager||13,200 BRL||-17%|
|Bank Auditing Manager||13,800 BRL||-13%|
|Bank Branch Manager||15,800 BRL||-0%|
|Bank Clerk||7,860 BRL||-50%|
|Bank Compliance Specialist||11,500 BRL||-27%|
|Bank Manager||24,600 BRL||+55%|
|Bank Operational Risk Manager||17,400 BRL||+10%|
|Bank Operations Head||18,600 BRL||+18%|
|Bank Operations Officer||11,000 BRL||-30%|
|Bank Operations Specialist||14,200 BRL||-10%|
|Bank Process Manager||12,100 BRL||-24%|
|Bank Product Manager||12,500 BRL||-21%|
|Bank Programme Manager||15,100 BRL||-5%|
|Bank Project Manager||15,500 BRL||-2%|
|Bank Propositions Manager||15,300 BRL||-3%|
|Bank Quantitative Analyst||12,300 BRL||-22%|
|Bank Regional Manager||17,100 BRL||+8%|
|Bank Regional Risk Officer||12,000 BRL||-24%|
|Bank Relationship Manager||14,500 BRL||-8%|
|Bank Relationship Officer||10,400 BRL||-34%|
|Banking Business Analyst||12,700 BRL||-20%|
|Banking Business Development Officer||10,600 BRL||-33%|
|Banking Business Planning Executive||15,100 BRL||-5%|
|Banking Product Manager||14,800 BRL||-6%|
|Banking Reference Data Manager||14,200 BRL||-10%|
|Banking Risk Analyst||11,900 BRL||-25%|
|Banking Technical Analyst||10,800 BRL||-32%|
|Bankruptcy Coordinator||13,100 BRL||-17%|
|Budget Analyst||12,600 BRL||-20%|
|Cards Marketing Manager||15,100 BRL||-5%|
|Cash Management Manager||17,100 BRL||+8%|
|Check Processing Manager||16,700 BRL||+6%|
|Commercial Vault Associate||12,000 BRL||-24%|
|Corporate Dealer||13,400 BRL||-15%|
|Credit Analyst||14,600 BRL||-8%|
|Credit and Collections Manager||14,600 BRL||-8%|
|Credit Card Fraud Investigator||12,800 BRL||-19%|
|Credit Portfolio Manager||17,900 BRL||+13%|
|Credit Risk Analyst||15,100 BRL||-5%|
|Credit Risk Associate||13,800 BRL||-13%|
|Direct Bank Sales Representative||11,900 BRL||-25%|
|Financial Bank Planning Consultant||14,300 BRL||-10%|
|Financial Banking Analysis Manager||15,200 BRL||-4%|
|Financial Banking Assistant||10,600 BRL||-33%|
|Financial Banking Systems Manager||15,500 BRL||-2%|
|Foreign Exchange Manager||15,000 BRL||-5%|
|Fraud Analyst||12,900 BRL||-18%|
|Fraud Detection Associate||12,800 BRL||-19%|
|Fraud Detection Manager||16,400 BRL||+4%|
|Fraud Detection Supervisor||13,300 BRL||-16%|
|Internal Bank Audit Manager||16,300 BRL||+3%|
|Internal Bank Auditor||12,300 BRL||-22%|
|International Banking Manager||19,600 BRL||+24%|
|Loan Analyst||12,200 BRL||-23%|
|Loan Area Manager||13,400 BRL||-15%|
|Loan Audit Team Leader||13,600 BRL||-14%|
|Loan Branch Manager||13,900 BRL||-12%|
|Loan Business Development Officer||12,200 BRL||-23%|
|Loan Clerk||8,510 BRL||-46%|
|Loan Collection Manager||13,600 BRL||-14%|
|Loan Collector||7,980 BRL||-50%|
|Loan Examiner||9,370 BRL||-41%|
|Loan Processing Manager||11,900 BRL||-25%|
|Loan Processor||11,400 BRL||-28%|
|Loan Quality Assurance Auditor||12,100 BRL||-24%|
|Loan Quality Assurance Manager||13,900 BRL||-12%|
|Loan Quality Assurance Representative||11,500 BRL||-27%|
|Loan Review Manager||12,000 BRL||-24%|
|Loan Team Leader||12,400 BRL||-22%|
|Mortgage Advisor||12,200 BRL||-23%|
|Mortgage Collection Manager||14,000 BRL||-12%|
|Mortgage Collector||8,960 BRL||-43%|
|Mortgage Credit Analyst||10,700 BRL||-32%|
|Mortgage Credit Manager||12,400 BRL||-22%|
|Mortgage Development Manager||14,300 BRL||-10%|
|Mortgage Document Reviewer||9,430 BRL||-40%|
|Mortgage Funding Manager||15,500 BRL||-2%|
|Mortgage Operations Manager||16,100 BRL||+2%|
|Mortgage Payment Processing Clerk||8,670 BRL||-45%|
|Mortgage Processing Manager||13,100 BRL||-17%|
|Mortgage Processor||9,610 BRL||-39%|
|Mortgage Quality Assurance Auditor||12,700 BRL||-20%|
|Mortgage Quality Assurance Manager||12,400 BRL||-22%|
|Mortgage Servicing Clerk||7,750 BRL||-51%|
|Mortgage Servicing Manager||13,900 BRL||-12%|
|Mortgage Underwriter||8,860 BRL||-44%|
|Online Banking Manager||16,900 BRL||+7%|
|Payment Processing Clerk||8,470 BRL||-46%|
|Personal Banker||12,300 BRL||-22%|
|Personal Banking Advisor||12,800 BRL||-19%|
|Phone Banker||10,400 BRL||-34%|
|Private Banker||13,900 BRL||-12%|
|Reconciliation and Investigation Specialist||11,400 BRL||-28%|
|Trade Officer||8,950 BRL||-43%|
|Trade Product Manager||13,600 BRL||-14%|
|Treasury Operations Officer||11,600 BRL||-27%|
|Belo Horizonte||17,200 BRL|
|Joao Pessoa||16,000 BRL|
|Petrolina and Juazeiro||14,400 BRL|
|Porto Alegre||16,200 BRL|
|Rio de Janeiro||17,900 BRL|
|Sao Luis||16,800 BRL|
|Sao Paulo||18,100 BRL|
|Vale do Aco||14,900 BRL|