Average Bank Process Manager Salary in Trinidad and Tobago for 2024

In this article, we will look at the average Bank Process Manager salary for 2024 in Trinidad and Tobago and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Trinidad and Tobago dollar. To keep things simple, we are using the TTD currency code instead of the currency symbol $.

How Much Does a Bank Process Manager Make in Trinidad and Tobago?

A Bank Process Manager working in Trinidad and Tobago will typically earn around 142,300 TTD per year, and this can range from the lowest average salary of about 74,060 TTD to the highest average salary of 215,100 TTD.

Average Annual Salary
142,300 TTD
Average Monthly Salary
11,858 TTD

Lowest Annual Salary
74,060 TTD
Lowest Monthly Salary
6,171 TTD

Highest Annual Salary
215,100 TTD
Highest Monthly Salary
17,925 TTD

These are average salaries for a Bank Process Manager in Trinidad and Tobago and include benefits such as housing and transport. It's also possible for a Bank Process Manager to earn more or less than the average salaries shown above.

Bank Process Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Bank Process Manager Salaries in Trinidad and Tobago

So we've looked at the average salaries a Bank Process Manager will earn in Trinidad and Tobago. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Bank Process Manager can earn between 74,060 TTD and 215,100 TTD on average in Trinidad and Tobago. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Bank Process Manager in Trinidad and Tobago is 136,200 TTD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 136,200 TTD, and 50% of the population earn more than 136,200 TTD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Bank Process Manager salary in Trinidad and Tobago, 25% of the population are earning less than 94,900 TTD while 75% of the population earn more than 94,900 TTD.

75% of the population earn less than 169,000 TTD, and 25% of the population earn more than 169,000 TTD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Bank Process Manager Salary by Experience Level in Trinidad and Tobago

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average bank process manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Bank Process Manager in Trinidad and Tobago that has less than two years of experience can expect to earn somewhere in the region of 84,040 TTD.
  • 2 - 5 Years Experience. With two to five years of experience the average Bank Process Manager salary would increase to 111,000 TTD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Bank Process Manager, the average salary would be 146,200 TTD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 176,800 TTD.
  • 15 - 20 Years Experience. A Bank Process Manager with 15 to 20 years of experience can earn an average of 191,600 TTD.
  • 20+ Years Experience. For a Bank Process Manager with more than 20 years, the expected average salary increases to 204,700 TTD.

Average Salary by Experience Chart

0-2 Years
84,040 TTD
2-5 Years +34%
111,000 TTD
5-10 Years +30%
146,200 TTD
10-15 Years +21%
176,800 TTD
15-20 Years +9%
191,600 TTD
20+ Years +5%
204,700 TTD

Bank Process Manager Salary by Education Level in Trinidad and Tobago

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Bank Process Manager in Trinidad and Tobago based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Bank Process Manager in Trinidad and Tobago with a bachelor's degree education can earn an average salary of 115,940 TTD.

  • Master's Degree. A Bank Process Manager in Trinidad and Tobago with a master's degree education can earn an average salary of 161,600 TTD.

Average Salary by Education Chart

Bachelor's Degree
115,940 TTD
Master's Degree +39%
161,600 TTD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Trinidad and Tobago is around 48,800 to 147,000 TTD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Bank Process Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Trinidad and Tobago, a male bank process manager will earn an average of 148,300 TTD, while a female bank process manager will earn around 139,100 TTD.

This means that a male bank process manager earns approximately 7% more than a female bank process manager for performing the same job.

Average Salary by Gender Chart in Trinidad and Tobago

Male
148,300 TTD
Female -7%
139,100 TTD

Bank Process Manager Average Pay Raise in Trinidad and Tobago

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Bank Process Manager in Trinidad and Tobago is around 8% every 28 months.

The national average pay raise across all professions and industries in Trinidad and Tobago is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 8 ÷ 28 ) × 12  = 3%

What this means is that a Bank Process Manager in Trinidad and Tobago can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Trinidad and Tobago for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Trinidad and Tobago.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Bank Process Manager Bonus and Incentive Rates in Trinidad and Tobago

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Bank Process Manager is a moderate bonus based job, with 61% of employees reporting at least one bonus in the last 12 months.

39% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 6% to 8%.

Received Bonus
61%
No Bonus
39%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Trinidad and Tobago earn approximately 12% more than private sector employees in the same role.

Public Sector
125,700 TTD
Private Sector -12%
112,460 TTD

Salaries for Jobs Similar to a Bank Process Manager

In the table below, we have salary information for jobs that are similar to a Bank Process Manager in Trinidad and Tobago.

Job Title Category Salary
AML Analyst Banking 181,600 TTD
Assistant Bank Branch Manager Banking 159,500 TTD
Assistant Bank Manager Banking 208,600 TTD
ATM Manager Banking 180,300 TTD
ATM Service Technician Banking 49,200 TTD
Bank Accounts Analyst Banking 69,580 TTD
Bank Accounts Collector Banking 45,580 TTD
Bank Accounts Controller Banking 95,620 TTD
Bank Accounts Executive Banking 129,000 TTD
Bank Accounts Manager Banking 152,100 TTD
Bank Auditing Manager Banking 151,800 TTD
Bank Branch Manager Banking 214,000 TTD
Bank Branch Operations Coordinator Banking 89,960 TTD
Bank Clerk Banking 44,180 TTD
Bank Client Service Associate Banking 54,280 TTD
Bank Collector Banking 43,520 TTD
Bank Compliance Specialist Banking 118,060 TTD
Bank Manager Banking 240,500 TTD
Bank Operational Risk Manager Banking 253,400 TTD
Bank Operations Head Banking 263,100 TTD
Bank Operations Officer Banking 103,440 TTD
Bank Operations Specialist Banking 154,700 TTD
Bank Product Manager Banking 172,200 TTD
Bank Programme Manager Banking 174,000 TTD
Bank Project Manager Banking 208,600 TTD
Bank Propositions Manager Banking 176,800 TTD
Bank Quantitative Analyst Banking 119,900 TTD
Bank Regional Manager Banking 263,900 TTD
Bank Regional Risk Officer Banking 129,000 TTD
Bank Relationship Manager Banking 197,600 TTD
Bank Relationship Officer Banking 82,520 TTD
Bank Teller Banking 44,720 TTD
Banker Banking 89,280 TTD
Banking Business Analyst Banking 136,100 TTD
Banking Business Development Officer Banking 80,480 TTD
Banking Business Planning Executive Banking 195,200 TTD
Banking Product Manager Banking 164,200 TTD
Banking Reference Data Manager Banking 148,300 TTD
Banking Risk Analyst Banking 136,100 TTD
Banking Technical Analyst Banking 74,060 TTD
Bankruptcy Coordinator Banking 93,780 TTD
Bill and Account Collector Banking 48,160 TTD
Budget Analyst Banking 136,100 TTD
Capital Risk Manager Banking 258,400 TTD
Cards Marketing Manager Banking 161,600 TTD
Cash Management Manager Banking 227,600 TTD
Check Processing Manager Banking 172,200 TTD
Commercial Vault Associate Banking 136,200 TTD
Corporate Banker Banking 94,900 TTD
Corporate Dealer Banking 137,400 TTD
Credit Analyst Banking 97,880 TTD
Credit and Collections Manager Banking 174,000 TTD
Credit Card Fraud Investigator Banking 137,400 TTD
Credit Portfolio Manager Banking 238,900 TTD
Credit Risk Analyst Banking 142,300 TTD
Credit Risk Associate Banking 143,200 TTD
Direct Bank Sales Representative Banking 96,720 TTD
Exchange Control Consultant Banking 136,200 TTD
Executive Account Analyst Banking 125,700 TTD
Financial Bank Planning Consultant Banking 161,600 TTD
Financial Banking Analysis Manager Banking 187,500 TTD
Financial Banking Assistant Banking 62,060 TTD
Financial Banking Systems Manager Banking 180,500 TTD
Foreign Exchange Manager Banking 196,800 TTD
Fraud Analyst Banking 139,100 TTD
Fraud Detection Associate Banking 97,260 TTD
Fraud Detection Manager Banking 208,600 TTD
Fraud Detection Supervisor Banking 109,520 TTD
Internal Bank Audit Manager Banking 238,900 TTD
Internal Bank Auditor Banking 128,500 TTD
Internal Private Banker Banking 90,660 TTD
International Banking Manager Banking 277,400 TTD
Investment Banking Analyst Banking 194,600 TTD
Loan Analyst Banking 124,400 TTD
Loan Area Manager Banking 164,200 TTD
Loan Audit Team Leader Banking 154,700 TTD
Loan Branch Manager Banking 142,300 TTD
Loan Business Development Officer Banking 79,360 TTD
Loan Clerk Banking 47,120 TTD
Loan Collection and Recovery Manager Banking 161,600 TTD
Loan Collection Manager Banking 159,400 TTD
Loan Collector Banking 46,840 TTD
Loan Examiner Banking 54,280 TTD
Loan Officer Banking 48,640 TTD
Loan Processing Manager Banking 138,800 TTD
Loan Processor Banking 59,940 TTD
Loan Quality Assurance Auditor Banking 137,400 TTD
Loan Quality Assurance Manager Banking 154,700 TTD
Loan Quality Assurance Representative Banking 96,160 TTD
Loan Review Manager Banking 148,300 TTD
Loan Team Leader Banking 134,600 TTD
Loans Manager Banking 172,400 TTD
Mortgage Advisor Banking 93,780 TTD
Mortgage Collection Manager Banking 159,500 TTD
Mortgage Collector Banking 41,180 TTD
Mortgage Credit Analyst Banking 68,900 TTD
Mortgage Credit Manager Banking 148,300 TTD
Mortgage Development Manager Banking 172,200 TTD
Mortgage Document Reviewer Banking 58,000 TTD
Mortgage Funding Manager Banking 161,600 TTD
Mortgage Operations Manager Banking 238,900 TTD
Mortgage Payment Processing Clerk Banking 49,700 TTD
Mortgage Processing Manager Banking 148,300 TTD
Mortgage Processor Banking 60,400 TTD
Mortgage Quality Assurance Auditor Banking 129,000 TTD
Mortgage Quality Assurance Manager Banking 151,800 TTD
Mortgage Servicing Clerk Banking 47,120 TTD
Mortgage Servicing Manager Banking 151,800 TTD
Mortgage Underwriter Banking 57,900 TTD
Online Banking Manager Banking 239,300 TTD
Payment Processing Clerk Banking 43,760 TTD
Personal Banker Banking 92,240 TTD
Personal Banking Advisor Banking 98,540 TTD
Phone Banker Banking 61,580 TTD
Private Banker Banking 94,900 TTD
Reconciliation and Investigation Specialist Banking 111,900 TTD
Tax Officer Banking 79,360 TTD
Teller Banking 48,140 TTD
Trade Officer Banking 50,180 TTD
Trade Product Manager Banking 152,000 TTD
Trader Banking 65,940 TTD
Treasury Operations Officer Banking 112,600 TTD

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