HOME BROWSE SALARIES ARTICLES BEST PAYING JOBS SUBMIT SALARY
Browse Salaries
Best Paying Jobs
Articles
Submit Salary
Salary Increase Letters

Private Banker Average Salary in Brazil 2024

How much money does a person working as Private Banker make in Brazil?


Average Monthly Salary
7,170 BRL
( 86,000 BRL yearly)

LOW
3,730
BRL
AVERAGE
7,170
BRL
HIGH
11,000
BRL
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Private Banker in Brazil typically earns around 7,170 BRL. Salaries range from 3,730 BRL (lowest) to 11,000 BRL (highest).


Salary Variance

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



Private Banker Pay Scale and Salaries in Brazil

Median and salary distribution Brazil Private Banker monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/brazil/banking/private-banker/median-and-salary-distribution-monthly-brazil-private-banker.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
6,490 BRL or more
10% of people earn
5,780 to 6,490 BRL
20% of people earn
4,220 BRL or less
65% of people earn
4,220 to 5,780 BRL
Minimum Salary
3,730 BRL
Median
6,520 BRL
Maximum
11,000 BRL




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Private Banker in Brazil range from 3,730 BRL (starting salary) to 11,000 BRL (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 6,520 BRL, half of the professionals who work as Private Banker in Brazil earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Private Banker in Brazil earn less than 5,400 BRL, while 75% earn more. Similarly, the chart shows that 75% earn less than 7,390 BRL while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Private Banker in Brazil compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 4,220 BRL to 5,780 BRL. About 20% of salaries are below the 4,220 BRL mark, while 10% fall within the range of 5,780 BRL to 6,490 BRL. Only 5% of individuals have salaries exceeding 6,490 BRL.

Salary Comparison by Years of Experience / Private Banker / Brazil

How do experience and age affect pay?

0 - 2 Years
4,230 BRL
2 - 5 Years+34%
5,680 BRL
5 - 10 Years+30%
7,380 BRL
10 - 15 Years+21%
8,940 BRL
15 - 20 Years+9%
9,770 BRL
20+ Years+5%
10,300 BRL
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Brazil Private Banker
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/brazil/banking/private-banker/salary-comparison-by-years-of-experience-monthly-brazil-private-banker.jpg

The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Private Banker and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 4,230 BRL.

While someone with an experience level between two and five years is expected to earn 5,680 BRL, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 7,380 BRL, 30% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 8,940 BRL, 21% 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 9,770 BRL, 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 10,300 BRL, 5% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Salary Comparison By Education / Private Banker / Brazil

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Private Banker.

High School
5,100 BRL
Certificate or Diploma+14%
5,830 BRL
Bachelor's Degree+41%
8,210 BRL
Master's Degree+21%
9,950 BRL
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Brazil Private Banker
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/brazil/banking/private-banker/salary-comparison-by-education-level-monthly-brazil-private-banker.jpg

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 salaries by education level for the position Private Banker in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 5,100 BRL.


Level 2: Certificate or Diploma

At this level, the average salary becomes 5,830 BRL, 14% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 8,210 BRL, 41% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 9,950 BRL, 21% more than the previous level.



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 43,000 BRL to 129,000 BRL 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 to a higher-paying job. The numbers seem to support the theory. 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Salary and Compensation Comparison By Gender / Private Banker / Brazil

Salary comparison by gender Brazil Private Banker monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/brazil/banking/private-banker/salary-comparison-by-gender-monthly-brazil-private-banker.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Private Banker in Brazil, the average difference between the salary of male and female employees is 10%.

Male
7,560 BRL
Female-9%
6,900 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/brazil/salary-comparison-by-gender-monthly-brazil.jpg


Average Annual Salary Increment Percentage / Private Banker / Brazil

How much are annual salary increments in Brazil for individuals working as Private Banker? How often do employees get salary raises?

Individuals working as Private Banker in Brazil are likely to observe a salary increase of approximately 12% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate Brazil Private Banker
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/brazil/banking/private-banker/annual-salary-increment-rate-brazil-private-banker.jpg


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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/brazil/annual-salary-increment-rate-brazil.jpg

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Private Banker / Brazil

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Brazil Private Banker
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/brazil/banking/private-banker/annual-salary-bonus-rate-brazil-private-banker.jpg

47% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 53% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.

Received Bonus
53%
No Bonus
47%

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.

Average Hourly Wage / Private Banker / Brazil


41 BRL per hour

The average hourly wage (pay per hour) for individuals working as Private Banker in Brazil is 41 BRL.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Private Banker in Brazil is 21 BRL. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Banking-100%
AML Analyst13,100 BRL+83%
Assistant Bank Branch Manager11,300 BRL+58%
Assistant Bank Manager15,200 BRL+110%
ATM Manager13,300 BRL+86%
ATM Service Technician3,410 BRL-52%
Bank Accounts Analyst5,020 BRL-30%
Bank Accounts Collector3,120 BRL-56%
Bank Accounts Controller6,630 BRL-7%
Bank Accounts Executive9,160 BRL+28%
Bank Accounts Manager11,000 BRL+54%
Bank Auditing Manager11,300 BRL+58%
Bank Branch Manager15,000 BRL+110%
Bank Branch Operations Coordinator6,550 BRL-9%
Bank Clerk2,900 BRL-60%
Bank Client Service Associate4,310 BRL-40%
Bank Collector3,250 BRL-55%
Bank Compliance Specialist8,190 BRL+14%
Bank Manager18,600 BRL+160%
Bank Operational Risk Manager17,700 BRL+150%
Bank Operations Head17,800 BRL+150%
Bank Operations Officer7,210 BRL+1%
Bank Operations Specialist10,800 BRL+51%
Bank Process Manager10,300 BRL+44%
Bank Product Manager 11,700 BRL+63%
Bank Programme Manager12,400 BRL+73%
Bank Project Manager14,700 BRL+110%
Bank Propositions Manager13,000 BRL+81%
Bank Quantitative Analyst9,390 BRL+31%
Bank Regional Manager18,400 BRL+160%
Bank Regional Risk Officer9,910 BRL+38%
Bank Relationship Manager13,900 BRL+94%
Bank Relationship Officer5,990 BRL-16%
Bank Sustainability Analyst10,700 BRL+49%
Bank Teller3,280 BRL-54%
Banker6,500 BRL-9%
Banking Business Analyst9,670 BRL+35%
Banking Business Development Officer5,860 BRL-18%
Banking Business Planning Executive13,000 BRL+81%
Banking Data Analyst11,300 BRL+58%
Banking Product Manager11,600 BRL+62%
Banking Reference Data Manager10,800 BRL+51%
Banking Regulatory Compliance Officer10,800 BRL+51%
Banking Risk Analyst9,050 BRL+26%
Banking Technical Analyst5,120 BRL-29%
Bankruptcy Coordinator6,630 BRL-7%
Bill and Account Collector3,210 BRL-55%
Blockchain Analyst8,480 BRL+18%
Blockchain Architect9,180 BRL+28%
Blockchain Auditor8,390 BRL+17%
Blockchain Compliance Analyst8,920 BRL+24%
Blockchain Consultant8,710 BRL+22%
Blockchain Trade Facilitator7,940 BRL+11%
Budget Analyst9,610 BRL+34%
Capital Risk Manager18,100 BRL+150%
Cards Marketing Manager11,800 BRL+65%
Cash Management Manager16,900 BRL+140%
Check Processing Manager12,800 BRL+79%
Chief Blockchain Officer10,700 BRL+49%
Commercial Vault Associate9,130 BRL+27%
Corporate Banker6,960 BRL-3%
Corporate Dealer10,300 BRL+44%
Credit Analyst7,630 BRL+6%
Credit and Collections Manager12,400 BRL+73%
Credit Card Fraud Investigator9,760 BRL+36%
Credit Portfolio Manager17,300 BRL+140%
Credit Risk Analyst10,600 BRL+48%
Credit Risk Associate10,500 BRL+47%
Cryptocurrency Accountant5,760 BRL-20%
Cryptocurrency Adviser11,500 BRL+60%
Cryptocurrency Analyst8,900 BRL+24%
Cryptocurrency Compliance Manager11,400 BRL+59%
Cryptocurrency Trader9,510 BRL+33%
Digital Banking Manager13,000 BRL+81%
Digital Currency Analyst9,020 BRL+26%
Direct Bank Sales Representative6,900 BRL-4%
Exchange Control Consultant10,200 BRL+42%
Executive Account Analyst9,730 BRL+36%
Financial Bank Planning Consultant12,600 BRL+76%
Financial Banking Analysis Manager13,800 BRL+93%
Financial Banking Assistant4,600 BRL-36%
Financial Banking Systems Manager13,500 BRL+88%
Foreign Exchange Manager13,500 BRL+88%
Fraud Analyst10,100 BRL+41%
Fraud Detection Associate6,890 BRL-4%
Fraud Detection Manager15,000 BRL+110%
Fraud Detection Supervisor8,570 BRL+20%
Internal Bank Audit Manager17,200 BRL+140%
Internal Bank Auditor9,420 BRL+31%
Internal Private Banker6,610 BRL-8%
International Banking Manager18,500 BRL+160%
Investment Banking Analyst14,100 BRL+97%
Loan Analyst9,330 BRL+30%
Loan Area Manager11,100 BRL+55%
Loan Audit Team Leader10,400 BRL+45%
Loan Branch Manager10,600 BRL+48%
Loan Business Development Officer5,900 BRL-18%
Loan Clerk3,210 BRL-55%
Loan Collection and Recovery Manager11,600 BRL+62%
Loan Collection Manager11,200 BRL+56%
Loan Collector3,250 BRL-55%
Loan Examiner4,040 BRL-44%
Loan Officer3,680 BRL-49%
Loan Processing Manager10,300 BRL+44%
Loan Processor4,420 BRL-38%
Loan Quality Assurance Auditor9,260 BRL+29%
Loan Quality Assurance Manager10,600 BRL+48%
Loan Quality Assurance Representative7,290 BRL+2%
Loan Review Manager10,300 BRL+44%
Loan Team Leader9,450 BRL+32%
Loans Manager12,600 BRL+76%
Mortgage Advisor6,700 BRL-7%
Mortgage Collection Manager11,600 BRL+62%
Mortgage Collector3,030 BRL-58%
Mortgage Credit Analyst5,070 BRL-29%
Mortgage Credit Manager11,000 BRL+54%
Mortgage Development Manager11,700 BRL+63%
Mortgage Document Reviewer4,120 BRL-43%
Mortgage Funding Manager12,600 BRL+76%
Mortgage Operations Manager16,000 BRL+120%
Mortgage Payment Processing Clerk3,640 BRL-49%
Mortgage Processing Manager10,400 BRL+45%
Mortgage Processor4,200 BRL-41%
Mortgage Quality Assurance Auditor9,710 BRL+36%
Mortgage Quality Assurance Manager10,400 BRL+45%
Mortgage Servicing Clerk3,350 BRL-53%
Mortgage Servicing Manager11,000 BRL+54%
Mortgage Underwriter3,990 BRL-44%
Online Banking Manager16,200 BRL+130%
Open Banking Strategist9,490 BRL+32%
Payment Processing Clerk3,410 BRL-52%
Personal Banker6,960 BRL-3%
Personal Banking Advisor 7,160 BRL-0%
Phone Banker4,530 BRL-37%
Private Banker7,170 BRL+0%
Reconciliation and Investigation Specialist7,720 BRL+8%
Tax Officer5,660 BRL-21%
Teller3,350 BRL-53%
Trade Officer3,900 BRL-46%
Trade Product Manager11,500 BRL+60%
Trader4,490 BRL-37%
Treasury Operations Officer8,280 BRL+16%
Wealth Management Advisor13,500 BRL+88%

Salary Comparison By City

CityAverage Salary
Brasilia7,580 BRL
Rio de Janeiro7,350 BRL
Sao Paulo8,020 BRL

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Brazil is 6% on average across all career fields.

Private Sector
8,360 BRL
Public Sector+6%
8,880 BRL
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Private Banker in Brazil?

A good and competitive compensation would range anywhere between 6,520 BRL and 7,390 BRL. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Private Banker in Brazil ranges from 3,730 BRL to 5,400 BRL. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home BROWSE SALARIES ARTICLES BEST PAYING JOBS Salary Comparison Arabic Spanish

©Salary Explorer 2024