A person working in Banking in Brazil typically earns around 9,310 BRL per month. Salaries range from 2,930 BRL (lowest average) to 19,100 BRL (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Banking careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Job Title | Average Salary |
AML Analyst | 13,100 BRL |
Assistant Bank Branch Manager | 11,300 BRL |
Assistant Bank Manager | 15,200 BRL |
ATM Manager | 13,200 BRL |
ATM Service Technician | 3,400 BRL |
Bank Accounts Analyst | 5,020 BRL |
Bank Accounts Controller | 6,630 BRL |
Bank Accounts Executive | 9,160 BRL |
Bank Accounts Manager | 11,000 BRL |
Bank Auditing Manager | 11,300 BRL |
Bank Branch Manager | 15,000 BRL |
Bank Clerk | 2,900 BRL |
Bank Compliance Specialist | 8,190 BRL |
Bank Manager | 18,600 BRL |
Bank Operational Risk Manager | 17,700 BRL |
Bank Operations Head | 17,800 BRL |
Bank Operations Officer | 7,210 BRL |
Bank Operations Specialist | 10,800 BRL |
Bank Process Manager | 10,300 BRL |
Bank Product Manager | 11,700 BRL |
Bank Programme Manager | 12,400 BRL |
Bank Project Manager | 14,700 BRL |
Bank Propositions Manager | 13,000 BRL |
Bank Quantitative Analyst | 9,390 BRL |
Bank Regional Manager | 18,400 BRL |
Bank Regional Risk Officer | 9,910 BRL |
Bank Relationship Manager | 13,900 BRL |
Bank Relationship Officer | 5,990 BRL |
Banker | 6,500 BRL |
Banking Business Analyst | 9,670 BRL |
Banking Business Development Officer | 5,860 BRL |
Banking Business Planning Executive | 13,000 BRL |
Banking Product Manager | 11,600 BRL |
Banking Reference Data Manager | 10,800 BRL |
Banking Risk Analyst | 9,050 BRL |
Banking Technical Analyst | 5,120 BRL |
Bankruptcy Coordinator | 6,620 BRL |
Budget Analyst | 9,610 BRL |
Cards Marketing Manager | 11,800 BRL |
Cash Management Manager | 16,900 BRL |
Check Processing Manager | 12,800 BRL |
Commercial Vault Associate | 9,130 BRL |
Corporate Dealer | 10,300 BRL |
Credit Analyst | 7,630 BRL |
Credit and Collections Manager | 12,400 BRL |
Credit Card Fraud Investigator | 9,760 BRL |
Credit Portfolio Manager | 17,300 BRL |
Credit Risk Analyst | 10,600 BRL |
Credit Risk Associate | 10,500 BRL |
Direct Bank Sales Representative | 6,900 BRL |
Financial Bank Planning Consultant | 12,600 BRL |
Financial Banking Analysis Manager | 13,800 BRL |
Financial Banking Assistant | 4,600 BRL |
Financial Banking Systems Manager | 13,500 BRL |
Foreign Exchange Manager | 13,500 BRL |
Fraud Analyst | 10,100 BRL |
Fraud Detection Associate | 6,890 BRL |
Fraud Detection Manager | 15,000 BRL |
Fraud Detection Supervisor | 8,570 BRL |
Internal Bank Audit Manager | 17,200 BRL |
Internal Bank Auditor | 9,410 BRL |
International Banking Manager | 18,500 BRL |
Loan Analyst | 9,330 BRL |
Loan Area Manager | 11,100 BRL |
Loan Audit Team Leader | 10,400 BRL |
Loan Branch Manager | 10,600 BRL |
Loan Business Development Officer | 5,900 BRL |
Loan Clerk | 3,210 BRL |
Loan Collection Manager | 11,200 BRL |
Loan Collector | 3,240 BRL |
Loan Examiner | 4,040 BRL |
Loan Processing Manager | 10,300 BRL |
Loan Processor | 4,420 BRL |
Loan Quality Assurance Auditor | 9,260 BRL |
Loan Quality Assurance Manager | 10,600 BRL |
Loan Quality Assurance Representative | 7,290 BRL |
Loan Review Manager | 10,300 BRL |
Loan Team Leader | 9,450 BRL |
Mortgage Advisor | 6,700 BRL |
Mortgage Collection Manager | 11,600 BRL |
Mortgage Collector | 3,030 BRL |
Mortgage Credit Analyst | 5,070 BRL |
Mortgage Credit Manager | 11,000 BRL |
Mortgage Development Manager | 11,700 BRL |
Mortgage Document Reviewer | 4,120 BRL |
Mortgage Funding Manager | 12,600 BRL |
Mortgage Operations Manager | 16,000 BRL |
Mortgage Payment Processing Clerk | 3,640 BRL |
Mortgage Processing Manager | 10,400 BRL |
Mortgage Processor | 4,200 BRL |
Mortgage Quality Assurance Auditor | 9,710 BRL |
Mortgage Quality Assurance Manager | 10,400 BRL |
Mortgage Servicing Clerk | 3,350 BRL |
Mortgage Servicing Manager | 11,000 BRL |
Mortgage Underwriter | 3,990 BRL |
Online Banking Manager | 16,200 BRL |
Payment Processing Clerk | 3,410 BRL |
Personal Banker | 6,960 BRL |
Personal Banking Advisor | 7,160 BRL |
Phone Banker | 4,530 BRL |
Private Banker | 7,170 BRL |
Reconciliation and Investigation Specialist | 7,720 BRL |
Teller | 3,350 BRL |
Trade Officer | 3,900 BRL |
Trade Product Manager | 11,500 BRL |
Trader | 4,490 BRL |
Treasury Operations Officer | 8,280 BRL |
Banking salaries in Brazil range from 2,930 BRL per month (minimum average salary) to 19,100 BRL per month (maximum average salary, actual maximum is higher).
The median salary is 8,940 BRL per month, which means that half (50%) of people working in Banking are earning less than 8,940 BRL while the other half are earning more than 8,940 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 people working in Banking are earning less than 5,340 BRL while 75% of them are earning more than 5,340 BRL. Also from the diagram, 75% of people working in Banking are earning less than 13,500 BRL while 25% are earning more than 13,500 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 the wage.
Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.
Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.
Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.
Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.
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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then 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 employees in Brazil who work in Banking earn 10% more than their female counterparts on average.
Male | 9,820 BRL | |
Female | -9% | 8,960 BRL |
Banking professionals in Brazil are likely to observe a salary increase of approximately 11% every 14 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
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 2021. 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.
Banking is considered to be a high bonus-based field 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.
24% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 76% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.
Received Bonus | 76% | |
No Bonus | 24% |
The most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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. |
Example: | Example: |
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 Banking is 9% more than that of All Jobs.
City | Average Salary |
Aracaju | 9,310 BRL |
Belem | 10,100 BRL |
Belo Horizonte | 10,400 BRL |
Brasilia | 10,700 BRL |
Campinas | 9,780 BRL |
Cuiaba | 9,200 BRL |
Curitiba | 10,300 BRL |
Fortaleza | 10,500 BRL |
Goiania | 9,990 BRL |
Joao Pessoa | 9,380 BRL |
Londrina | 9,130 BRL |
Macapa | 9,050 BRL |
Maceio | 9,660 BRL |
Manaus | 10,400 BRL |
Maringa | 8,740 BRL |
Natal | 9,540 BRL |
Petrolina and Juazeiro | 8,520 BRL |
Porto Alegre | 9,820 BRL |
Recife | 10,100 BRL |
Rio de Janeiro | 10,800 BRL |
Salvador | 10,600 BRL |
Santos | 8,750 BRL |
Sao Luis | 9,750 BRL |
Sao Paulo | 10,800 BRL |
Teresina | 9,470 BRL |
Vale do Aco | 8,950 BRL |
Vitoria | 8,550 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.
Private Sector | 8,330 BRL | |
Public Sector | +6% | 8,850 BRL |