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Bank Branch Manager Average Salary in Brazil 2020

How much money does a Bank Branch Manager make in Brazil?


Average Monthly Salary
15,000 BRL
( 180,000 BRL yearly)

LOW
7,340
BRL
AVERAGE
15,000
BRL
HIGH
23,400
BRL

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 Salary Distribution in Brazil

Median and salary distribution monthly Brazil Bank Branch Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Bank Branch Manager salaries in Brazil range from 7,340 BRL per month (minimum salary) to 23,400 BRL per month (maximum salary).

  • Median 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.

  • 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 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.


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?

Salary comparison by years of experience monthly Brazil Bank Branch Manager
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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 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.

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, 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.


Bank Branch Manager average salary change by experience in Brazil

0 - 2 Years
8,700 BRL
2 - 5 Years+29%
11,200 BRL
5 - 10 Years+38%
15,400 BRL
10 - 15 Years+24%
19,100 BRL
15 - 20 Years+7%
20,500 BRL
20+ Years+7%
21,800 BRL
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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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.

Salary comparison by education level monthly Brazil Bank Branch Manager
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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 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.


Bank Branch Manager average salary difference by education level in Brazil

Bachelor's Degree
10,900 BRL
Master's Degree+60%
17,400 BRL
Percentage increase and decrease are relative to the previous value

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 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.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Bank Branch Manager Salary Comparison By Gender

Salary comparison by gender monthly Brazil Bank Branch Manager
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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 Bank Branch Manager employees in Brazil earn 10% more than their female counterparts on average.

Male
15,500 BRL
Female-9%
14,100 BRL
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Brazil for all Careers

Salary comparison by gender monthly Brazil
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Bank Branch Manager Average Annual Salary Increment Percentage in Brazil

How much are annual salary increments in Brazil for Bank Branch Manager(s)? How often do employees get salary raises?

Bank Branch Manager

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.

Annual Salary Increment Rate Brazil Bank Branch Manager
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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.

Brazil / 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 Brazil is 7%.

Annual Increment Rate By Industry 2019

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

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.


Worldwide Salary Raises: All Countries and All Jobs

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Bank Branch Manager Bonus and Incentive Rates in Brazil

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Brazil Bank Branch Manager
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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.

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.

Received Bonus
83%
No Bonus
17%

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.

Bank Branch Manager Average Hourly Wage in Brazil


86 BRL per hour

The average hourly wage (pay per hour) in Brazil is 86 BRL. This means that the average Bank Branch Manager in Brazil earns approximately 86 BRL 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.

Bank Branch Manager VS Other Jobs

Salary Comparison Between Bank Branch Manager and Banking monthly Brazil
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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.

Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst13,100 BRL-13%
Assistant Bank Branch Manager11,300 BRL-25%
Assistant Bank Manager15,200 BRL+1%
ATM Manager13,200 BRL-12%
ATM Service Technician3,400 BRL-77%
Bank Accounts Analyst5,020 BRL-66%
Bank Accounts Controller6,630 BRL-56%
Bank Accounts Executive9,160 BRL-39%
Bank Accounts Manager11,000 BRL-27%
Bank Auditing Manager11,300 BRL-25%
Bank Branch Manager15,000 BRL+0%
Bank Clerk2,900 BRL-81%
Bank Compliance Specialist8,190 BRL-45%
Bank Manager18,600 BRL+24%
Bank Operational Risk Manager17,700 BRL+18%
Bank Operations Head17,800 BRL+19%
Bank Operations Officer7,210 BRL-52%
Bank Operations Specialist10,800 BRL-28%
Bank Process Manager10,300 BRL-31%
Bank Product Manager 11,700 BRL-22%
Bank Programme Manager12,400 BRL-17%
Bank Project Manager14,700 BRL-2%
Bank Propositions Manager13,000 BRL-13%
Bank Quantitative Analyst9,390 BRL-37%
Bank Regional Manager18,400 BRL+23%
Bank Regional Risk Officer9,910 BRL-34%
Bank Relationship Manager13,900 BRL-7%
Bank Relationship Officer5,990 BRL-60%
Banker6,500 BRL-57%
Banking Business Analyst9,670 BRL-35%
Banking Business Development Officer5,860 BRL-61%
Banking Business Planning Executive13,000 BRL-13%
Banking Product Manager11,600 BRL-23%
Banking Reference Data Manager10,800 BRL-28%
Banking Risk Analyst9,050 BRL-40%
Banking Technical Analyst5,120 BRL-66%
Bankruptcy Coordinator6,620 BRL-56%
Budget Analyst9,610 BRL-36%
Cards Marketing Manager11,800 BRL-21%
Cash Management Manager16,900 BRL+13%
Check Processing Manager12,800 BRL-15%
Commercial Vault Associate9,130 BRL-39%
Corporate Dealer10,300 BRL-31%
Credit Analyst7,630 BRL-49%
Credit and Collections Manager12,400 BRL-17%
Credit Card Fraud Investigator9,760 BRL-35%
Credit Portfolio Manager17,300 BRL+16%
Credit Risk Analyst10,600 BRL-29%
Credit Risk Associate10,500 BRL-30%
Direct Bank Sales Representative6,900 BRL-54%
Financial Bank Planning Consultant12,600 BRL-16%
Financial Banking Analysis Manager13,800 BRL-8%
Financial Banking Assistant4,600 BRL-69%
Financial Banking Systems Manager13,500 BRL-10%
Foreign Exchange Manager13,500 BRL-10%
Fraud Analyst10,100 BRL-33%
Fraud Detection Associate6,890 BRL-54%
Fraud Detection Manager15,000 BRL+0%
Fraud Detection Supervisor8,570 BRL-43%
Internal Bank Audit Manager17,200 BRL+15%
Internal Bank Auditor9,410 BRL-37%
International Banking Manager18,500 BRL+24%
Loan Analyst9,330 BRL-38%
Loan Area Manager11,100 BRL-26%
Loan Audit Team Leader10,400 BRL-31%
Loan Branch Manager10,600 BRL-29%
Loan Business Development Officer5,900 BRL-61%
Loan Clerk3,210 BRL-79%
Loan Collection Manager11,200 BRL-25%
Loan Collector3,240 BRL-78%
Loan Examiner4,040 BRL-73%
Loan Processing Manager10,300 BRL-31%
Loan Processor4,420 BRL-70%
Loan Quality Assurance Auditor9,260 BRL-38%
Loan Quality Assurance Manager10,600 BRL-29%
Loan Quality Assurance Representative7,290 BRL-51%
Loan Review Manager10,300 BRL-31%
Loan Team Leader9,450 BRL-37%
Mortgage Advisor6,700 BRL-55%
Mortgage Collection Manager11,600 BRL-23%
Mortgage Collector3,030 BRL-80%
Mortgage Credit Analyst5,070 BRL-66%
Mortgage Credit Manager11,000 BRL-27%
Mortgage Development Manager11,700 BRL-22%
Mortgage Document Reviewer4,120 BRL-72%
Mortgage Funding Manager12,600 BRL-16%
Mortgage Operations Manager16,000 BRL+7%
Mortgage Payment Processing Clerk3,640 BRL-76%
Mortgage Processing Manager10,400 BRL-31%
Mortgage Processor4,200 BRL-72%
Mortgage Quality Assurance Auditor9,710 BRL-35%
Mortgage Quality Assurance Manager10,400 BRL-31%
Mortgage Servicing Clerk3,350 BRL-78%
Mortgage Servicing Manager11,000 BRL-27%
Mortgage Underwriter3,990 BRL-73%
Online Banking Manager16,200 BRL+8%
Payment Processing Clerk3,410 BRL-77%
Personal Banker6,960 BRL-54%
Personal Banking Advisor 7,160 BRL-52%
Phone Banker4,530 BRL-70%
Private Banker7,170 BRL-52%
Reconciliation and Investigation Specialist7,720 BRL-48%
Teller3,350 BRL-78%
Trade Officer3,900 BRL-74%
Trade Product Manager11,500 BRL-23%
Trader4,490 BRL-70%
Treasury Operations Officer8,280 BRL-45%

Salary Comparison By City

CityAverage Salary
Aracaju14,900 BRL
Belem16,900 BRL
Belo Horizonte16,200 BRL
Brasilia18,200 BRL
Campinas16,400 BRL
Cuiaba14,800 BRL
Curitiba17,300 BRL
Fortaleza16,200 BRL
Goiania16,700 BRL
Joao Pessoa15,200 BRL
Londrina14,500 BRL
Macapa14,200 BRL
Maceio15,700 BRL
Manaus17,300 BRL
Maringa13,900 BRL
Natal15,700 BRL
Petrolina and Juazeiro13,700 BRL
Porto Alegre15,300 BRL
Recife15,600 BRL
Rio de Janeiro16,900 BRL
Salvador16,400 BRL
Santos14,400 BRL
Sao Luis15,900 BRL
Sao Paulo17,100 BRL
Teresina15,400 BRL
Vale do Aco14,100 BRL
Vitoria14,200 BRL

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 Brazil earn 6% more than their private sector counterparts on average across all sectors.

Private Sector
8,330 BRL
Public Sector+6%
8,850 BRL
Percentage increase and decrease are relative to the previous value

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