Credit Analyst Average Salary in Rio de Janeiro 2024
How much money does a person working as Credit Analyst make in Rio de Janeiro?
LOW
3,880
BRL AVERAGE
8,430
BRL HIGH
13,400
BRL
A person working as Credit Analyst in Rio de Janeiro typically earns around 8,430 BRL. Salaries range from 3,880 BRL (lowest) to 13,400 BRL (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Credit Analyst salaries in Rio de Janeiro vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Credit Analyst Pay Scale and Salaries in Rio de Janeiro
Salary Structure and Pay Scale Comparison
8,000 BRL or more
7,010 to 8,000 BRL
4,830 BRL or less
4,830 to 7,010 BRL
 3,880 BRL |
8,060 BRL |
13,400 BRL |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Credit Analyst in Rio de Janeiro range from 3,880 BRL (starting salary) to 13,400 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 8,060 BRL, half of the professionals who work as Credit Analyst in Rio de Janeiro 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 Credit Analyst in Rio de Janeiro earn less than 6,500 BRL, while 75% earn more. Similarly, the chart shows that 75% earn less than 9,290 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 Credit Analyst in Rio de Janeiro compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 4,830 BRL to 7,010 BRL. About 20% of salaries are below the 4,830 BRL mark, while 10% fall within the range of 7,010 BRL to 8,000 BRL. Only 5% of individuals have salaries exceeding 8,000 BRL.
Salary Comparison by Years of Experience / Credit Analyst / Rio de Janeiro
How do experience and age affect pay?
| 0 - 2 Years | 4,400 BRL | |
| 2 - 5 Years | +34% | 5,880 BRL |
| 5 - 10 Years | +48% | 8,690 BRL |
| 10 - 15 Years | +22% | 10,600 BRL |
| 15 - 20 Years | +9% | 11,500 BRL |
| 20+ Years | +8% | 12,500 BRL |
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 Credit Analyst and this is what we found.
Employees with less than two years of experience earn approximately 4,400 BRL.
While someone with an experience level between two and five years is expected to earn 5,880 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 8,690 BRL, 48% 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 10,600 BRL, 22% 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 11,500 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 12,500 BRL, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Credit Analyst / Rio de Janeiro
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Credit Analyst.
| Bachelor's Degree | 5,120 BRL | |
| Master's Degree | +93% | 9,880 BRL |
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 Credit Analyst in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 5,120 BRL.
Level 2: Master's Degree
At this level, the average salary becomes 9,880 BRL, 93% 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 and Compensation Comparison By Gender / Credit Analyst / Rio de Janeiro
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 Credit Analyst in Brazil, the average difference between the salary of male and female employees is 10%.
| Male | 7,920 BRL | |
| Female | -9% | 7,210 BRL |
Salary Comparison By Gender in Brazil for all Careers
Average Annual Salary Increment Percentage / Credit Analyst / Rio de Janeiro
How much are annual salary increments in Rio de Janeiro for individuals working as Credit Analyst? How often do employees get salary raises?
Individuals working as Credit Analyst in Brazil are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.
Brazil / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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 / Credit Analyst / Brazil
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe 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.
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 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.
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 / Credit Analyst / Rio de Janeiro
49 BRL per hourThe average hourly wage (pay per hour) for individuals working as Credit Analyst in Rio de Janeiro is 49 BRL.This is the rate they get paid for every worked hour.
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 Credit Analyst in Rio de Janeiro is 22 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 Title | Average Salary |
| Banking |  -100% | |
| AML Analyst | 15,000 BRL |  +78% |
| Assistant Bank Branch Manager | 13,200 BRL | +57% |
| Assistant Bank Manager | 16,200 BRL | +92% |
| ATM Manager | 14,600 BRL | +73% |
| ATM Service Technician | 3,870 BRL | -54% |
| Bank Accounts Analyst | 5,440 BRL | -35% |
| Bank Accounts Collector | 3,410 BRL | -60% |
| Bank Accounts Controller | 7,130 BRL | -15% |
| Bank Accounts Executive | 11,200 BRL | +33% |
| Bank Accounts Manager | 12,500 BRL | +48% |
| Bank Auditing Manager | 13,200 BRL | +57% |
| Bank Branch Manager | 16,900 BRL | +100% |
| Bank Branch Operations Coordinator | 8,030 BRL | -5% |
| Bank Clerk | 3,330 BRL | -61% |
| Bank Client Service Associate | 4,590 BRL | -46% |
| Bank Collector | 3,580 BRL | -58% |
| Bank Compliance Specialist | 8,760 BRL | +4% |
| Bank Manager | 19,500 BRL | +130% |
| Bank Operational Risk Manager | 19,700 BRL | +130% |
| Bank Operations Head | 21,600 BRL | +160% |
| Bank Operations Officer | 8,220 BRL | -3% |
| Bank Operations Specialist | 13,000 BRL | +54% |
| Bank Process Manager | 11,600 BRL | +38% |
| Bank Product Manager | 13,200 BRL | +57% |
| Bank Programme Manager | 14,400 BRL | +71% |
| Bank Project Manager | 16,000 BRL | +90% |
| Bank Propositions Manager | 14,200 BRL | +68% |
| Bank Quantitative Analyst | 9,990 BRL | +18% |
| Bank Regional Manager | 21,600 BRL | +160% |
| Bank Regional Risk Officer | 10,900 BRL | +29% |
| Bank Relationship Manager | 15,200 BRL | +80% |
| Bank Relationship Officer | 6,900 BRL | -18% |
| Bank Sustainability Analyst | 11,600 BRL | +38% |
| Bank Teller | 3,540 BRL | -58% |
| Banker | 7,390 BRL | -12% |
| Banking Business Analyst | 10,800 BRL | +28% |
| Banking Business Development Officer | 6,770 BRL | -20% |
| Banking Business Planning Executive | 14,700 BRL | +74% |
| Banking Data Analyst | 12,600 BRL | +49% |
| Banking Product Manager | 12,900 BRL | +53% |
| Banking Reference Data Manager | 11,900 BRL | +41% |
| Banking Regulatory Compliance Officer | 12,500 BRL | +48% |
| Banking Risk Analyst | 10,800 BRL | +28% |
| Banking Technical Analyst | 5,750 BRL | -32% |
| Bankruptcy Coordinator | 7,430 BRL | -12% |
| Bill and Account Collector | 3,710 BRL | -56% |
| Blockchain Analyst | 8,790 BRL | +4% |
| Blockchain Architect | 10,900 BRL | +29% |
| Blockchain Auditor | 9,250 BRL | +10% |
| Blockchain Compliance Analyst | 10,100 BRL | +20% |
| Blockchain Consultant | 10,200 BRL | +21% |
| Blockchain Trade Facilitator | 8,920 BRL | +6% |
| Budget Analyst | 10,400 BRL | +23% |
| Capital Risk Manager | 19,700 BRL | +130% |
| Cards Marketing Manager | 12,800 BRL | +52% |
| Cash Management Manager | 18,200 BRL | +120% |
| Check Processing Manager | 14,300 BRL | +70% |
| Chief Blockchain Officer | 12,300 BRL | +46% |
| Commercial Vault Associate | 10,800 BRL | +28% |
| Corporate Banker | 7,500 BRL | -11% |
| Corporate Dealer | 11,500 BRL | +36% |
| Credit Analyst | 8,430 BRL | -0% |
| Credit and Collections Manager | 14,100 BRL | +67% |
| Credit Card Fraud Investigator | 11,500 BRL | +36% |
| Credit Portfolio Manager | 19,000 BRL | +130% |
| Credit Risk Analyst | 11,700 BRL | +39% |
| Credit Risk Associate | 11,000 BRL | +30% |
| Cryptocurrency Accountant | 6,920 BRL | -18% |
| Cryptocurrency Adviser | 12,900 BRL | +53% |
| Cryptocurrency Analyst | 10,300 BRL | +22% |
| Cryptocurrency Compliance Manager | 12,300 BRL | +46% |
| Cryptocurrency Trader | 10,600 BRL | +26% |
| Digital Banking Manager | 14,100 BRL | +67% |
| Digital Currency Analyst | 10,400 BRL | +23% |
| Direct Bank Sales Representative | 7,560 BRL | -10% |
| Exchange Control Consultant | 11,200 BRL | +33% |
| Executive Account Analyst | 10,100 BRL | +20% |
| Financial Bank Planning Consultant | 13,900 BRL | +65% |
| Financial Banking Analysis Manager | 16,100 BRL | +91% |
| Financial Banking Assistant | 5,000 BRL | -41% |
| Financial Banking Systems Manager | 15,200 BRL | +80% |
| Foreign Exchange Manager | 15,600 BRL | +85% |
| Fraud Analyst | 11,500 BRL | +36% |
| Fraud Detection Associate | 7,450 BRL | -12% |
| Fraud Detection Manager | 17,300 BRL | +110% |
| Fraud Detection Supervisor | 9,560 BRL | +13% |
| Internal Bank Audit Manager | 20,400 BRL | +140% |
| Internal Bank Auditor | 10,400 BRL | +23% |
| Internal Private Banker | 7,770 BRL | -8% |
| International Banking Manager | 21,200 BRL | +150% |
| Investment Banking Analyst | 15,400 BRL | +83% |
| Loan Analyst | 10,400 BRL | +23% |
| Loan Area Manager | 13,300 BRL | +58% |
| Loan Audit Team Leader | 12,500 BRL | +48% |
| Loan Branch Manager | 11,900 BRL | +41% |
| Loan Business Development Officer | 6,800 BRL | -19% |
| Loan Clerk | 3,820 BRL | -55% |
| Loan Collection and Recovery Manager | 13,200 BRL | +57% |
| Loan Collection Manager | 12,400 BRL | +47% |
| Loan Collector | 3,470 BRL | -59% |
| Loan Examiner | 4,450 BRL | -47% |
| Loan Officer | 4,040 BRL | -52% |
| Loan Processing Manager | 11,700 BRL | +39% |
| Loan Processor | 4,690 BRL | -44% |
| Loan Quality Assurance Auditor | 11,200 BRL | +33% |
| Loan Quality Assurance Manager | 12,000 BRL | +42% |
| Loan Quality Assurance Representative | 7,680 BRL | -9% |
| Loan Review Manager | 12,300 BRL | +46% |
| Loan Team Leader | 10,600 BRL | +26% |
| Loans Manager | 13,700 BRL | +62% |
| Mortgage Advisor | 7,740 BRL | -8% |
| Mortgage Collection Manager | 12,600 BRL | +49% |
| Mortgage Collector | 3,370 BRL | -60% |
| Mortgage Credit Analyst | 5,820 BRL | -31% |
| Mortgage Credit Manager | 11,800 BRL | +40% |
| Mortgage Development Manager | 14,300 BRL | +70% |
| Mortgage Document Reviewer | 4,700 BRL | -44% |
| Mortgage Funding Manager | 13,400 BRL | +59% |
| Mortgage Operations Manager | 18,000 BRL | +110% |
| Mortgage Payment Processing Clerk | 4,220 BRL | -50% |
| Mortgage Processing Manager | 12,600 BRL | +49% |
| Mortgage Processor | 4,760 BRL | -44% |
| Mortgage Quality Assurance Auditor | 10,500 BRL | +25% |
| Mortgage Quality Assurance Manager | 11,600 BRL | +38% |
| Mortgage Servicing Clerk | 3,540 BRL | -58% |
| Mortgage Servicing Manager | 11,900 BRL | +41% |
| Mortgage Underwriter | 4,600 BRL | -45% |
| Online Banking Manager | 19,100 BRL | +130% |
| Open Banking Strategist | 10,900 BRL | +29% |
| Payment Processing Clerk | 3,760 BRL | -55% |
| Personal Banker | 7,730 BRL | -8% |
| Personal Banking Advisor | 7,860 BRL | -7% |
| Phone Banker | 5,370 BRL | -36% |
| Private Banker | 7,350 BRL | -13% |
| Reconciliation and Investigation Specialist | 8,890 BRL | +5% |
| Tax Officer | 6,140 BRL | -27% |
| Teller | 3,770 BRL | -55% |
| Trade Officer | 4,520 BRL | -46% |
| Trade Product Manager | 12,500 BRL | +48% |
| Trader | 5,020 BRL | -40% |
| Treasury Operations Officer | 9,570 BRL | +13% |
| Wealth Management Advisor | 16,000 BRL | +90% |
Salary Comparison By City
| City | Average Salary |
| Brasilia | 7,830 BRL |
| Rio de Janeiro | 8,430 BRL |
| Sao Paulo | 8,460 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 |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Credit Analyst in Rio de Janeiro?
A good and competitive compensation would range anywhere between 8,060 BRL and 9,290 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 Credit Analyst in Rio de Janeiro ranges from 3,880 BRL to 6,500 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
