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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
15,800 BRL
( 190,000 BRL yearly)

LOW
7,760
BRL
AVERAGE
15,800
BRL
HIGH
24,700
BRL

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 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 7,760 BRL per month (minimum salary) to 24,700 BRL per month (maximum salary).

  • Median 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.

  • 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 10,800 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.


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 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.

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 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.


Bank Branch Manager average salary change by experience in Brazil

0 - 2 Years
9,190 BRL
2 - 5 Years+29%
11,800 BRL
5 - 10 Years+38%
16,300 BRL
10 - 15 Years+24%
20,200 BRL
15 - 20 Years+7%
21,600 BRL
20+ Years+7%
23,100 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 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.


Bank Branch Manager average salary difference by education level in Brazil

Bachelor's Degree
11,500 BRL
Master's Degree+60%
18,400 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 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.


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 14% more than their female counterparts.

Female
14,600 BRL
Male+14%
16,600 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 13% 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

Annual Salary Increment Rate Brazil
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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.

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.

Received Bonus
82%
No Bonus
18%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Brazil
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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.

Private Sector
11,000 BRL
Public Sector+6%
11,700 BRL
Percentage increase and decrease are relative to the previous value

Bank Branch Manager Salary Trend and Forecast in Brazil

How are Bank Branch Manager salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Brazil Bank Branch Manager
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Average Salary 2016
14,000 BRL
Average Salary 2017+4%
14,600 BRL
Average Salary 2018+3%
15,000 BRL
Average Salary 2019+2%
15,300 BRL
Percentage increase and decrease are relative to the previous value

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.

Bank Branch Manager Average Hourly Wage in Brazil


91 BRL per hour

The average hourly wage (pay per hour) in Brazil is 91 BRL. This means that the average Bank Branch Manager in Brazil earns approximately 91 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 24% more than that of Banking. Also, Banking salaries are 13% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst15,300 BRL-3%
Assistant Bank Branch Manager14,200 BRL-10%
Assistant Bank Manager16,500 BRL+4%
ATM Manager16,000 BRL+1%
ATM Service Technician7,860 BRL-50%
Bank Accounts Analyst10,600 BRL-33%
Bank Accounts Controller11,900 BRL-25%
Bank Accounts Executive12,000 BRL-24%
Bank Accounts Manager13,200 BRL-17%
Bank Auditing Manager13,800 BRL-13%
Bank Branch Manager15,800 BRL-0%
Bank Clerk7,860 BRL-50%
Bank Compliance Specialist11,500 BRL-27%
Bank Manager24,600 BRL+55%
Bank Operational Risk Manager17,400 BRL+10%
Bank Operations Head18,600 BRL+18%
Bank Operations Officer11,000 BRL-30%
Bank Operations Specialist14,200 BRL-10%
Bank Process Manager12,100 BRL-24%
Bank Product Manager 12,500 BRL-21%
Bank Programme Manager15,100 BRL-5%
Bank Project Manager15,500 BRL-2%
Bank Propositions Manager15,300 BRL-3%
Bank Quantitative Analyst12,300 BRL-22%
Bank Regional Manager17,100 BRL+8%
Bank Regional Risk Officer12,000 BRL-24%
Bank Relationship Manager14,500 BRL-8%
Bank Relationship Officer10,400 BRL-34%
Banker10,800 BRL-32%
Banking Business Analyst12,700 BRL-20%
Banking Business Development Officer10,600 BRL-33%
Banking Business Planning Executive15,100 BRL-5%
Banking Product Manager14,800 BRL-6%
Banking Reference Data Manager14,200 BRL-10%
Banking Risk Analyst11,900 BRL-25%
Banking Technical Analyst10,800 BRL-32%
Bankruptcy Coordinator13,100 BRL-17%
Budget Analyst12,600 BRL-20%
Cards Marketing Manager15,100 BRL-5%
Cash Management Manager17,100 BRL+8%
Check Processing Manager16,700 BRL+6%
Commercial Vault Associate12,000 BRL-24%
Corporate Dealer13,400 BRL-15%
Credit Analyst14,600 BRL-8%
Credit and Collections Manager14,600 BRL-8%
Credit Card Fraud Investigator12,800 BRL-19%
Credit Portfolio Manager17,900 BRL+13%
Credit Risk Analyst15,100 BRL-5%
Credit Risk Associate13,800 BRL-13%
Direct Bank Sales Representative11,900 BRL-25%
Financial Bank Planning Consultant14,300 BRL-10%
Financial Banking Analysis Manager15,200 BRL-4%
Financial Banking Assistant10,600 BRL-33%
Financial Banking Systems Manager15,500 BRL-2%
Foreign Exchange Manager15,000 BRL-5%
Fraud Analyst12,900 BRL-18%
Fraud Detection Associate12,800 BRL-19%
Fraud Detection Manager16,400 BRL+4%
Fraud Detection Supervisor13,300 BRL-16%
Internal Bank Audit Manager16,300 BRL+3%
Internal Bank Auditor12,300 BRL-22%
International Banking Manager19,600 BRL+24%
Loan Analyst12,200 BRL-23%
Loan Area Manager13,400 BRL-15%
Loan Audit Team Leader13,600 BRL-14%
Loan Branch Manager13,900 BRL-12%
Loan Business Development Officer12,200 BRL-23%
Loan Clerk8,510 BRL-46%
Loan Collection Manager13,600 BRL-14%
Loan Collector7,980 BRL-50%
Loan Examiner9,370 BRL-41%
Loan Processing Manager11,900 BRL-25%
Loan Processor11,400 BRL-28%
Loan Quality Assurance Auditor12,100 BRL-24%
Loan Quality Assurance Manager13,900 BRL-12%
Loan Quality Assurance Representative11,500 BRL-27%
Loan Review Manager12,000 BRL-24%
Loan Team Leader12,400 BRL-22%
Mortgage Advisor12,200 BRL-23%
Mortgage Collection Manager14,000 BRL-12%
Mortgage Collector8,960 BRL-43%
Mortgage Credit Analyst10,700 BRL-32%
Mortgage Credit Manager12,400 BRL-22%
Mortgage Development Manager14,300 BRL-10%
Mortgage Document Reviewer9,430 BRL-40%
Mortgage Funding Manager15,500 BRL-2%
Mortgage Operations Manager16,100 BRL+2%
Mortgage Payment Processing Clerk8,670 BRL-45%
Mortgage Processing Manager13,100 BRL-17%
Mortgage Processor9,610 BRL-39%
Mortgage Quality Assurance Auditor12,700 BRL-20%
Mortgage Quality Assurance Manager12,400 BRL-22%
Mortgage Servicing Clerk7,750 BRL-51%
Mortgage Servicing Manager13,900 BRL-12%
Mortgage Underwriter8,860 BRL-44%
Online Banking Manager16,900 BRL+7%
Payment Processing Clerk8,470 BRL-46%
Personal Banker12,300 BRL-22%
Personal Banking Advisor 12,800 BRL-19%
Phone Banker10,400 BRL-34%
Private Banker13,900 BRL-12%
Reconciliation and Investigation Specialist11,400 BRL-28%
Teller7,900 BRL-50%
Trade Officer8,950 BRL-43%
Trade Product Manager13,600 BRL-14%
Trader10,100 BRL-36%
Treasury Operations Officer11,600 BRL-27%

Salary Comparison By City

CityAverage Salary
Aracaju15,700 BRL
Belem17,800 BRL
Belo Horizonte17,200 BRL
Brasilia19,200 BRL
Campinas17,400 BRL
Cuiaba15,700 BRL
Curitiba18,300 BRL
Fortaleza17,100 BRL
Goiania17,600 BRL
Joao Pessoa16,000 BRL
Londrina15,300 BRL
Macapa15,000 BRL
Maceio16,600 BRL
Manaus18,200 BRL
Maringa14,600 BRL
Natal16,600 BRL
Petrolina and Juazeiro14,400 BRL
Porto Alegre16,200 BRL
Recife16,500 BRL
Rio de Janeiro17,900 BRL
Salvador17,400 BRL
Santos15,300 BRL
Sao Luis16,800 BRL
Sao Paulo18,100 BRL
Teresina16,200 BRL
Vale do Aco14,900 BRL
Vitoria15,000 BRL
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