Average Banking Business Planning Executive Salary in Cuba for 2024

In this article, we will look at the average Banking Business Planning Executive salary for 2024 in Cuba 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 Cuban convertible peso. To keep things simple, we are using the CUC currency code instead of the currency symbol $.

How Much Does a Banking Business Planning Executive Make in Cuba?

A Banking Business Planning Executive working in Cuba will typically earn around 409,000 CUC per year, and this can range from the lowest average salary of about 216,800 CUC to the highest average salary of 619,800 CUC.

Average Annual Salary
409,000 CUC
Average Monthly Salary
34,083 CUC

Lowest Annual Salary
216,800 CUC
Lowest Monthly Salary
18,066 CUC

Highest Annual Salary
619,800 CUC
Highest Monthly Salary
51,650 CUC

These are average salaries for a Banking Business Planning Executive in Cuba and include benefits such as housing and transport. It's also possible for a Banking Business Planning Executive to earn more or less than the average salaries shown above.

Banking Business Planning Executive 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 Banking Business Planning Executive Salaries in Cuba

So we've looked at the average salaries a Banking Business Planning Executive will earn in Cuba. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Banking Business Planning Executive can earn between 216,800 CUC and 619,800 CUC on average in Cuba. 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 Banking Business Planning Executive in Cuba is 384,500 CUC. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 384,500 CUC, and 50% of the population earn more than 384,500 CUC.

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 Banking Business Planning Executive salary in Cuba, 25% of the population are earning less than 272,800 CUC while 75% of the population earn more than 272,800 CUC.

75% of the population earn less than 472,000 CUC, and 25% of the population earn more than 472,000 CUC.

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.

Banking Business Planning Executive Salary by Experience Level in Cuba

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 banking business planning executive 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 Banking Business Planning Executive in Cuba that has less than two years of experience can expect to earn somewhere in the region of 251,500 CUC.
  • 2 - 5 Years Experience. With two to five years of experience the average Banking Business Planning Executive salary would increase to 307,400 CUC.
  • 5 - 10 Years Experience. From five to ten years of experience as a Banking Business Planning Executive, the average salary would be 431,300 CUC.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 504,500 CUC.
  • 15 - 20 Years Experience. A Banking Business Planning Executive with 15 to 20 years of experience can earn an average of 556,000 CUC.
  • 20+ Years Experience. For a Banking Business Planning Executive with more than 20 years, the expected average salary increases to 589,400 CUC.

Average Salary by Experience Chart

0-2 Years
251,500 CUC
2-5 Years +23%
307,400 CUC
5-10 Years +42%
431,300 CUC
10-15 Years +17%
504,500 CUC
15-20 Years +10%
556,000 CUC
20+ Years +6%
589,400 CUC

Banking Business Planning Executive Salary by Education Level in Cuba

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 Banking Business Planning Executive in Cuba 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 Banking Business Planning Executive in Cuba with a bachelor's degree education can earn an average salary of 283,400 CUC.

  • Master's Degree. A Banking Business Planning Executive in Cuba with a master's degree education can earn an average salary of 543,200 CUC.

Average Salary by Education Chart

Bachelor's Degree
283,400 CUC
Master's Degree +93%
543,200 CUC

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 Cuba is around 110,000 to 329,000 CUC 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.

Banking Business Planning Executive 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 Cuba, a male banking business planning executive will earn an average of 431,100 CUC, while a female banking business planning executive will earn around 377,200 CUC.

This means that a male banking business planning executive earns approximately 14% more than a female banking business planning executive for performing the same job.

Average Salary by Gender Chart in Cuba

Male
431,100 CUC
Female -14%
377,200 CUC

Banking Business Planning Executive Average Pay Raise in Cuba

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 Banking Business Planning Executive in Cuba is around 8% every 29 months.

The national average pay raise across all professions and industries in Cuba 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 ÷ 29 ) × 12  = 3%

What this means is that a Banking Business Planning Executive in Cuba can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Cuba for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Banking Business Planning Executive Bonus and Incentive Rates in Cuba

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 Banking Business Planning Executive is a moderate bonus based job, with 60% of employees reporting at least one bonus in the last 12 months.

40% 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
60%
No Bonus
40%

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 Cuba earn approximately 12% more than private sector employees in the same role.

Public Sector
275,200 CUC
Private Sector -12%
246,500 CUC

Salaries for Jobs Similar to a Banking Business Planning Executive

In the table below, we have salary information for jobs that are similar to a Banking Business Planning Executive in Cuba.

Job Title Category Salary
AML Analyst Banking 382,600 CUC
Assistant Bank Branch Manager Banking 357,300 CUC
Assistant Bank Manager Banking 457,300 CUC
ATM Manager Banking 367,200 CUC
ATM Service Technician Banking 109,000 CUC
Bank Accounts Analyst Banking 151,800 CUC
Bank Accounts Collector Banking 94,380 CUC
Bank Accounts Controller Banking 205,700 CUC
Bank Accounts Executive Banking 290,800 CUC
Bank Accounts Manager Banking 319,600 CUC
Bank Auditing Manager Banking 330,900 CUC
Bank Branch Manager Banking 460,500 CUC
Bank Branch Operations Coordinator Banking 207,800 CUC
Bank Clerk Banking 85,700 CUC
Bank Client Service Associate Banking 127,700 CUC
Bank Collector Banking 90,540 CUC
Bank Compliance Specialist Banking 253,400 CUC
Bank Manager Banking 568,500 CUC
Bank Operational Risk Manager Banking 543,200 CUC
Bank Operations Head Banking 576,500 CUC
Bank Operations Officer Banking 228,500 CUC
Bank Operations Specialist Banking 340,400 CUC
Bank Process Manager Banking 301,800 CUC
Bank Product Manager Banking 351,900 CUC
Bank Programme Manager Banking 389,200 CUC
Bank Project Manager Banking 450,300 CUC
Bank Propositions Manager Banking 409,000 CUC
Bank Quantitative Analyst Banking 273,000 CUC
Bank Regional Manager Banking 552,400 CUC
Bank Regional Risk Officer Banking 282,300 CUC
Bank Relationship Manager Banking 428,400 CUC
Bank Relationship Officer Banking 185,100 CUC
Bank Teller Banking 94,800 CUC
Banker Banking 197,600 CUC
Banking Business Analyst Banking 288,700 CUC
Banking Business Development Officer Banking 180,500 CUC
Banking Product Manager Banking 357,300 CUC
Banking Reference Data Manager Banking 301,300 CUC
Banking Risk Analyst Banking 277,400 CUC
Banking Technical Analyst Banking 148,300 CUC
Bankruptcy Coordinator Banking 191,600 CUC
Bill and Account Collector Banking 103,200 CUC
Budget Analyst Banking 281,500 CUC
Capital Risk Manager Banking 555,800 CUC
Cards Marketing Manager Banking 354,000 CUC
Cash Management Manager Banking 480,300 CUC
Check Processing Manager Banking 376,800 CUC
Commercial Vault Associate Banking 281,500 CUC
Corporate Banker Banking 197,600 CUC
Corporate Dealer Banking 283,700 CUC
Credit Analyst Banking 216,800 CUC
Credit and Collections Manager Banking 397,900 CUC
Credit Card Fraud Investigator Banking 294,700 CUC
Credit Portfolio Manager Banking 519,300 CUC
Credit Risk Analyst Banking 315,900 CUC
Credit Risk Associate Banking 315,700 CUC
Direct Bank Sales Representative Banking 210,500 CUC
Exchange Control Consultant Banking 288,700 CUC
Executive Account Analyst Banking 272,800 CUC
Financial Bank Planning Consultant Banking 359,900 CUC
Financial Banking Analysis Manager Banking 401,300 CUC
Financial Banking Assistant Banking 139,100 CUC
Financial Banking Systems Manager Banking 376,800 CUC
Foreign Exchange Manager Banking 425,100 CUC
Fraud Analyst Banking 311,700 CUC
Fraud Detection Associate Banking 201,100 CUC
Fraud Detection Manager Banking 447,700 CUC
Fraud Detection Supervisor Banking 258,400 CUC
Internal Bank Audit Manager Banking 539,700 CUC
Internal Bank Auditor Banking 273,000 CUC
Internal Private Banker Banking 205,700 CUC
International Banking Manager Banking 555,800 CUC
Investment Banking Analyst Banking 430,500 CUC
Loan Analyst Banking 294,300 CUC
Loan Area Manager Banking 341,400 CUC
Loan Audit Team Leader Banking 319,600 CUC
Loan Branch Manager Banking 335,100 CUC
Loan Business Development Officer Banking 172,400 CUC
Loan Clerk Banking 97,640 CUC
Loan Collection and Recovery Manager Banking 327,300 CUC
Loan Collection Manager Banking 345,100 CUC
Loan Collector Banking 96,220 CUC
Loan Examiner Banking 119,900 CUC
Loan Officer Banking 102,960 CUC
Loan Processing Manager Banking 313,700 CUC
Loan Processor Banking 127,700 CUC
Loan Quality Assurance Auditor Banking 297,000 CUC
Loan Quality Assurance Manager Banking 318,800 CUC
Loan Quality Assurance Representative Banking 225,700 CUC
Loan Review Manager Banking 325,800 CUC
Loan Team Leader Banking 275,800 CUC
Loans Manager Banking 378,300 CUC
Mortgage Advisor Banking 200,000 CUC
Mortgage Collection Manager Banking 325,800 CUC
Mortgage Collector Banking 94,400 CUC
Mortgage Credit Analyst Banking 150,000 CUC
Mortgage Credit Manager Banking 327,300 CUC
Mortgage Development Manager Banking 362,200 CUC
Mortgage Document Reviewer Banking 128,500 CUC
Mortgage Funding Manager Banking 367,200 CUC
Mortgage Operations Manager Banking 480,600 CUC
Mortgage Payment Processing Clerk Banking 110,340 CUC
Mortgage Processing Manager Banking 312,400 CUC
Mortgage Processor Banking 128,500 CUC
Mortgage Quality Assurance Auditor Banking 275,500 CUC
Mortgage Quality Assurance Manager Banking 335,100 CUC
Mortgage Servicing Clerk Banking 94,400 CUC
Mortgage Servicing Manager Banking 319,600 CUC
Mortgage Underwriter Banking 120,040 CUC
Online Banking Manager Banking 498,000 CUC
Payment Processing Clerk Banking 96,520 CUC
Personal Banker Banking 208,600 CUC
Personal Banking Advisor Banking 221,500 CUC
Phone Banker Banking 143,200 CUC
Private Banker Banking 209,700 CUC
Reconciliation and Investigation Specialist Banking 232,900 CUC
Tax Officer Banking 169,000 CUC
Teller Banking 96,720 CUC
Trade Officer Banking 120,880 CUC
Trade Product Manager Banking 327,300 CUC
Trader Banking 146,200 CUC
Treasury Operations Officer Banking 254,700 CUC

Salary Comparison by City

If you want to compare salaries with different cities in Cuba, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Camaguey 392,300 CUC
Havana 444,300 CUC
Holguin 376,800 CUC
Santiago de Cuba 431,100 CUC

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