Average Banking Business Planning Executive Salary in Mexico for 2024

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

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

A Banking Business Planning Executive working in Mexico will typically earn around 656,800 MXN per year, and this can range from the lowest average salary of about 309,800 MXN to the highest average salary of 1,037,000 MXN.

These are average salaries for a Banking Business Planning Executive in Mexico 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 Mexico

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

Salary ranges

We already know that a Banking Business Planning Executive can earn between 309,800 MXN and 1,037,000 MXN on average in Mexico. 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 Mexico is 695,400 MXN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 695,400 MXN, and 50% of the population earn more than 695,400 MXN.

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 Mexico, 25% of the population are earning less than 450,300 MXN while 75% of the population earn more than 450,300 MXN.

75% of the population earn less than 917,700 MXN, and 25% of the population earn more than 917,700 MXN.

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.

Banking Business Planning Executive Salary by Experience Level in Mexico

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 Mexico that has less than two years of experience can expect to earn somewhere in the region of 354,000 MXN.
• 2 - 5 Years Experience. With two to five years of experience the average Banking Business Planning Executive salary would increase to 489,500 MXN.
• 5 - 10 Years Experience. From five to ten years of experience as a Banking Business Planning Executive, the average salary would be 696,700 MXN.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 851,200 MXN.
• 15 - 20 Years Experience. A Banking Business Planning Executive with 15 to 20 years of experience can earn an average of 899,100 MXN.
• 20+ Years Experience. For a Banking Business Planning Executive with more than 20 years, the expected average salary increases to 976,300 MXN.

Average Salary by Experience Chart

Banking Business Planning Executive Salary by Education Level in Mexico

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 Mexico 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 Mexico with a bachelor's degree education can earn an average salary of 489,500 MXN.

• Master's Degree. A Banking Business Planning Executive in Mexico with a master's degree education can earn an average salary of 899,100 MXN.

Average Salary by Education Chart

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 Mexico, a male banking business planning executive will earn an average of 696,700 MXN, while a female banking business planning executive will earn around 619,800 MXN.

This means that a male banking business planning executive earns approximately 12% more than a female banking business planning executive for performing the same job.

Average Salary by Gender Chart in Mexico

Banking Business Planning Executive Average Pay Raise in Mexico

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 Mexico is around 13% every 18 months.

The national average pay raise across all professions and industries in Mexico is around 8% every 18 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 = ( 13 ÷ 18 ) × 12  = 9%

What this means is that a Banking Business Planning Executive in Mexico can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Mexico for 2024

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

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

Banking Business Planning Executive Bonus and Incentive Rates in Mexico

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 high bonus based job, with 84% of employees reporting at least one bonus in the last 12 months.

16% 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 5% to 9%.

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 Mexico earn approximately 8% more than private sector employees in the same role.

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 Mexico.

Salary Comparison by City

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

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!