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Banking Average Salaries in Brazil 2021

How much money does a person working in Banking make in Brazil?


Average Monthly Salary
9,310 BRL
( 112,000 BRL yearly)

LOW
2,930
BRL
AVERAGE
9,310
BRL
HIGH
19,100
BRL

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.

Salaries for specific jobs

Job TitleAverage Salary
AML Analyst13,100 BRL
Assistant Bank Branch Manager11,300 BRL
Assistant Bank Manager15,200 BRL
ATM Manager13,200 BRL
ATM Service Technician3,400 BRL
Bank Accounts Analyst5,020 BRL
Bank Accounts Controller6,630 BRL
Bank Accounts Executive9,160 BRL
Bank Accounts Manager11,000 BRL
Bank Auditing Manager11,300 BRL
Bank Branch Manager15,000 BRL
Bank Clerk2,900 BRL
Bank Compliance Specialist8,190 BRL
Bank Manager18,600 BRL
Bank Operational Risk Manager17,700 BRL
Bank Operations Head17,800 BRL
Bank Operations Officer7,210 BRL
Bank Operations Specialist10,800 BRL
Bank Process Manager10,300 BRL
Bank Product Manager 11,700 BRL
Bank Programme Manager12,400 BRL
Bank Project Manager14,700 BRL
Bank Propositions Manager13,000 BRL
Bank Quantitative Analyst9,390 BRL
Bank Regional Manager18,400 BRL
Bank Regional Risk Officer9,910 BRL
Bank Relationship Manager13,900 BRL
Bank Relationship Officer5,990 BRL
Banker6,500 BRL
Banking Business Analyst9,670 BRL
Banking Business Development Officer5,860 BRL
Banking Business Planning Executive13,000 BRL
Banking Product Manager11,600 BRL
Banking Reference Data Manager10,800 BRL
Banking Risk Analyst9,050 BRL
Banking Technical Analyst5,120 BRL
Bankruptcy Coordinator6,620 BRL
Budget Analyst9,610 BRL
Cards Marketing Manager11,800 BRL
Cash Management Manager16,900 BRL
Check Processing Manager12,800 BRL
Commercial Vault Associate9,130 BRL
Corporate Dealer10,300 BRL
Credit Analyst7,630 BRL
Credit and Collections Manager12,400 BRL
Credit Card Fraud Investigator9,760 BRL
Credit Portfolio Manager17,300 BRL
Credit Risk Analyst10,600 BRL
Credit Risk Associate10,500 BRL
Direct Bank Sales Representative6,900 BRL
Financial Bank Planning Consultant12,600 BRL
Financial Banking Analysis Manager13,800 BRL
Financial Banking Assistant4,600 BRL
Financial Banking Systems Manager13,500 BRL
Foreign Exchange Manager13,500 BRL
Fraud Analyst10,100 BRL
Fraud Detection Associate6,890 BRL
Fraud Detection Manager15,000 BRL
Fraud Detection Supervisor8,570 BRL
Internal Bank Audit Manager17,200 BRL
Internal Bank Auditor9,410 BRL
International Banking Manager18,500 BRL
Loan Analyst9,330 BRL
Loan Area Manager11,100 BRL
Loan Audit Team Leader10,400 BRL
Loan Branch Manager10,600 BRL
Loan Business Development Officer5,900 BRL
Loan Clerk3,210 BRL
Loan Collection Manager11,200 BRL
Loan Collector3,240 BRL
Loan Examiner4,040 BRL
Loan Processing Manager10,300 BRL
Loan Processor4,420 BRL
Loan Quality Assurance Auditor9,260 BRL
Loan Quality Assurance Manager10,600 BRL
Loan Quality Assurance Representative7,290 BRL
Loan Review Manager10,300 BRL
Loan Team Leader9,450 BRL
Mortgage Advisor6,700 BRL
Mortgage Collection Manager11,600 BRL
Mortgage Collector3,030 BRL
Mortgage Credit Analyst5,070 BRL
Mortgage Credit Manager11,000 BRL
Mortgage Development Manager11,700 BRL
Mortgage Document Reviewer4,120 BRL
Mortgage Funding Manager12,600 BRL
Mortgage Operations Manager16,000 BRL
Mortgage Payment Processing Clerk3,640 BRL
Mortgage Processing Manager10,400 BRL
Mortgage Processor4,200 BRL
Mortgage Quality Assurance Auditor9,710 BRL
Mortgage Quality Assurance Manager10,400 BRL
Mortgage Servicing Clerk3,350 BRL
Mortgage Servicing Manager11,000 BRL
Mortgage Underwriter3,990 BRL
Online Banking Manager16,200 BRL
Payment Processing Clerk3,410 BRL
Personal Banker6,960 BRL
Personal Banking Advisor 7,160 BRL
Phone Banker4,530 BRL
Private Banker7,170 BRL
Reconciliation and Investigation Specialist7,720 BRL
Teller3,350 BRL
Trade Officer3,900 BRL
Trade Product Manager11,500 BRL
Trader4,490 BRL
Treasury Operations Officer8,280 BRL

Banking Jobs Salary Distribution in Brazil

Median and salary distribution monthly Brazil Banking
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The median, the maximum, the minimum, and the range

  • Salary Range

    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).

  • Median Salary

    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.

  • Percentiles

    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.


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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

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.

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.
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Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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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.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

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.


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 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.

Banking Salary Comparison By Gender

Salary comparison by gender monthly Brazil Banking
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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 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
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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Banking Average Annual Salary Increment Percentage in Brazil

How much are annual salary increments in Brazil for Banking professionals? How often do employees get salary raises?

Banking

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.

Annual Salary Increment Rate Brazil Banking
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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 2020

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 2020. 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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Banking Bonus and Incentive Rates in Brazil

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Brazil Banking
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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%

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.

Banking Hourly Average Wage in Brazil


54 BRL per hour

The average hourly wage (pay per hour) in Brazil is 54 BRL. This means that the average person in Brazil earns approximately 54 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.

Banking VS Other Jobs

Salary Comparison Between Banking and Banking monthly Brazil
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The average salary for Banking is 9% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Aracaju9,310 BRL
Belem10,100 BRL
Belo Horizonte10,400 BRL
Brasilia10,700 BRL
Campinas9,780 BRL
Cuiaba9,200 BRL
Curitiba10,300 BRL
Fortaleza10,500 BRL
Goiania9,990 BRL
Joao Pessoa9,380 BRL
Londrina9,130 BRL
Macapa9,050 BRL
Maceio9,660 BRL
Manaus10,400 BRL
Maringa8,740 BRL
Natal9,540 BRL
Petrolina and Juazeiro8,520 BRL
Porto Alegre9,820 BRL
Recife10,100 BRL
Rio de Janeiro10,800 BRL
Salvador10,600 BRL
Santos8,750 BRL
Sao Luis9,750 BRL
Sao Paulo10,800 BRL
Teresina9,470 BRL
Vale do Aco8,950 BRL
Vitoria8,550 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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