A person working as a Bank Branch Manager in Brazil typically earns around 15,000 BRL per month. Salaries range from 7,340 BRL (lowest) to 23,400 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 7,340 BRL per month (minimum salary) to 23,400 BRL per month (maximum salary).
The median salary is 15,300 BRL per month, which means that half (50%) of people working as Bank Branch Manager(s) are earning less than 15,300 BRL while the other half are earning more than 15,300 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 10,200 BRL while 75% of them are earning more than 10,200 BRL. Also from the diagram, 75% of Bank Branch Manager(s) are earning less than 19,700 BRL while 25% are earning more than 19,700 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 8,700 BRL per month.
While someone with an experience level between two and five years is expected to earn 11,200 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 15,400 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 19,100 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 20,500 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 21,800 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 10,900 BRL per month.
While someone with a Master's Degree gets a salary of 17,400 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 42,800 Brazilian Real(s) to 128,000 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 10% more than their female counterparts on average.
Bank Branch Manager(s) in Brazil are likely to observe a salary increase of approximately 14% 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.
17% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 83% 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.
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 61% more than that of Banking. Also, Banking salaries are 9% more than those of All Jobs.
|Job Title||Average Salary|
|AML Analyst||13,100 BRL||-13%|
|Assistant Bank Branch Manager||11,300 BRL||-25%|
|Assistant Bank Manager||15,200 BRL||+1%|
|ATM Manager||13,200 BRL||-12%|
|ATM Service Technician||3,400 BRL||-77%|
|Bank Accounts Analyst||5,020 BRL||-66%|
|Bank Accounts Controller||6,630 BRL||-56%|
|Bank Accounts Executive||9,160 BRL||-39%|
|Bank Accounts Manager||11,000 BRL||-27%|
|Bank Auditing Manager||11,300 BRL||-25%|
|Bank Branch Manager||15,000 BRL||+0%|
|Bank Clerk||2,900 BRL||-81%|
|Bank Compliance Specialist||8,190 BRL||-45%|
|Bank Manager||18,600 BRL||+24%|
|Bank Operational Risk Manager||17,700 BRL||+18%|
|Bank Operations Head||17,800 BRL||+19%|
|Bank Operations Officer||7,210 BRL||-52%|
|Bank Operations Specialist||10,800 BRL||-28%|
|Bank Process Manager||10,300 BRL||-31%|
|Bank Product Manager||11,700 BRL||-22%|
|Bank Programme Manager||12,400 BRL||-17%|
|Bank Project Manager||14,700 BRL||-2%|
|Bank Propositions Manager||13,000 BRL||-13%|
|Bank Quantitative Analyst||9,390 BRL||-37%|
|Bank Regional Manager||18,400 BRL||+23%|
|Bank Regional Risk Officer||9,910 BRL||-34%|
|Bank Relationship Manager||13,900 BRL||-7%|
|Bank Relationship Officer||5,990 BRL||-60%|
|Banking Business Analyst||9,670 BRL||-35%|
|Banking Business Development Officer||5,860 BRL||-61%|
|Banking Business Planning Executive||13,000 BRL||-13%|
|Banking Product Manager||11,600 BRL||-23%|
|Banking Reference Data Manager||10,800 BRL||-28%|
|Banking Risk Analyst||9,050 BRL||-40%|
|Banking Technical Analyst||5,120 BRL||-66%|
|Bankruptcy Coordinator||6,620 BRL||-56%|
|Budget Analyst||9,610 BRL||-36%|
|Cards Marketing Manager||11,800 BRL||-21%|
|Cash Management Manager||16,900 BRL||+13%|
|Check Processing Manager||12,800 BRL||-15%|
|Commercial Vault Associate||9,130 BRL||-39%|
|Corporate Dealer||10,300 BRL||-31%|
|Credit Analyst||7,630 BRL||-49%|
|Credit and Collections Manager||12,400 BRL||-17%|
|Credit Card Fraud Investigator||9,760 BRL||-35%|
|Credit Portfolio Manager||17,300 BRL||+16%|
|Credit Risk Analyst||10,600 BRL||-29%|
|Credit Risk Associate||10,500 BRL||-30%|
|Direct Bank Sales Representative||6,900 BRL||-54%|
|Financial Bank Planning Consultant||12,600 BRL||-16%|
|Financial Banking Analysis Manager||13,800 BRL||-8%|
|Financial Banking Assistant||4,600 BRL||-69%|
|Financial Banking Systems Manager||13,500 BRL||-10%|
|Foreign Exchange Manager||13,500 BRL||-10%|
|Fraud Analyst||10,100 BRL||-33%|
|Fraud Detection Associate||6,890 BRL||-54%|
|Fraud Detection Manager||15,000 BRL||+0%|
|Fraud Detection Supervisor||8,570 BRL||-43%|
|Internal Bank Audit Manager||17,200 BRL||+15%|
|Internal Bank Auditor||9,410 BRL||-37%|
|International Banking Manager||18,500 BRL||+24%|
|Loan Analyst||9,330 BRL||-38%|
|Loan Area Manager||11,100 BRL||-26%|
|Loan Audit Team Leader||10,400 BRL||-31%|
|Loan Branch Manager||10,600 BRL||-29%|
|Loan Business Development Officer||5,900 BRL||-61%|
|Loan Clerk||3,210 BRL||-79%|
|Loan Collection Manager||11,200 BRL||-25%|
|Loan Collector||3,240 BRL||-78%|
|Loan Examiner||4,040 BRL||-73%|
|Loan Processing Manager||10,300 BRL||-31%|
|Loan Processor||4,420 BRL||-70%|
|Loan Quality Assurance Auditor||9,260 BRL||-38%|
|Loan Quality Assurance Manager||10,600 BRL||-29%|
|Loan Quality Assurance Representative||7,290 BRL||-51%|
|Loan Review Manager||10,300 BRL||-31%|
|Loan Team Leader||9,450 BRL||-37%|
|Mortgage Advisor||6,700 BRL||-55%|
|Mortgage Collection Manager||11,600 BRL||-23%|
|Mortgage Collector||3,030 BRL||-80%|
|Mortgage Credit Analyst||5,070 BRL||-66%|
|Mortgage Credit Manager||11,000 BRL||-27%|
|Mortgage Development Manager||11,700 BRL||-22%|
|Mortgage Document Reviewer||4,120 BRL||-72%|
|Mortgage Funding Manager||12,600 BRL||-16%|
|Mortgage Operations Manager||16,000 BRL||+7%|
|Mortgage Payment Processing Clerk||3,640 BRL||-76%|
|Mortgage Processing Manager||10,400 BRL||-31%|
|Mortgage Processor||4,200 BRL||-72%|
|Mortgage Quality Assurance Auditor||9,710 BRL||-35%|
|Mortgage Quality Assurance Manager||10,400 BRL||-31%|
|Mortgage Servicing Clerk||3,350 BRL||-78%|
|Mortgage Servicing Manager||11,000 BRL||-27%|
|Mortgage Underwriter||3,990 BRL||-73%|
|Online Banking Manager||16,200 BRL||+8%|
|Payment Processing Clerk||3,410 BRL||-77%|
|Personal Banker||6,960 BRL||-54%|
|Personal Banking Advisor||7,160 BRL||-52%|
|Phone Banker||4,530 BRL||-70%|
|Private Banker||7,170 BRL||-52%|
|Reconciliation and Investigation Specialist||7,720 BRL||-48%|
|Trade Officer||3,900 BRL||-74%|
|Trade Product Manager||11,500 BRL||-23%|
|Treasury Operations Officer||8,280 BRL||-45%|
|Belo Horizonte||16,200 BRL|
|Joao Pessoa||15,200 BRL|
|Petrolina and Juazeiro||13,700 BRL|
|Porto Alegre||15,300 BRL|
|Rio de Janeiro||16,900 BRL|
|Sao Luis||15,900 BRL|
|Sao Paulo||17,100 BRL|
|Vale do Aco||14,100 BRL|
Where can you get paid more, working for a private company or for the government? Public sector employees in Brazil earn 6% more than their private sector counterparts on average across all sectors.