Average Financial Banking Analysis Manager Salary in Venezuela for 2024

In this article, we will look at the average Financial Banking Analysis Manager salary for 2024 in Venezuela 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 Venezuelan bolívar soberano. To keep things simple, we are using the VES currency code instead of the currency symbol Bs.S..

How Much Does a Financial Banking Analysis Manager Make in Venezuela?

A Financial Banking Analysis Manager working in Venezuela will typically earn around 2,688,800 VES per year, and this can range from the lowest average salary of about 1,369,700 VES to the highest average salary of 4,129,300 VES.

Average Annual Salary
2,688,800 VES
Average Monthly Salary
224,066 VES

Lowest Annual Salary
1,369,700 VES
Lowest Monthly Salary
114,141 VES

Highest Annual Salary
4,129,300 VES
Highest Monthly Salary
344,108 VES

These are average salaries for a Financial Banking Analysis Manager in Venezuela and include benefits such as housing and transport. It's also possible for a Financial Banking Analysis Manager to earn more or less than the average salaries shown above.

Financial Banking Analysis 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 Financial Banking Analysis Manager Salaries in Venezuela

So we've looked at the average salaries a Financial Banking Analysis Manager will earn in Venezuela. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Financial Banking Analysis Manager can earn between 1,369,700 VES and 4,129,300 VES on average in Venezuela. 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 Financial Banking Analysis Manager in Venezuela is 2,629,100 VES. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,629,100 VES, and 50% of the population earn more than 2,629,100 VES.

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 Financial Banking Analysis Manager salary in Venezuela, 25% of the population are earning less than 1,800,200 VES while 75% of the population earn more than 1,800,200 VES.

75% of the population earn less than 3,312,100 VES, and 25% of the population earn more than 3,312,100 VES.

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.

Financial Banking Analysis Manager Salary by Experience Level in Venezuela

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 financial banking analysis 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 Financial Banking Analysis Manager in Venezuela that has less than two years of experience can expect to earn somewhere in the region of 1,537,500 VES.
  • 2 - 5 Years Experience. With two to five years of experience the average Financial Banking Analysis Manager salary would increase to 2,003,200 VES.
  • 5 - 10 Years Experience. From five to ten years of experience as a Financial Banking Analysis Manager, the average salary would be 2,807,200 VES.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 3,373,200 VES.
  • 15 - 20 Years Experience. A Financial Banking Analysis Manager with 15 to 20 years of experience can earn an average of 3,659,400 VES.
  • 20+ Years Experience. For a Financial Banking Analysis Manager with more than 20 years, the expected average salary increases to 3,946,200 VES.

Average Salary by Experience Chart

0-2 Years
1,537,500 VES
2-5 Years +31%
2,003,200 VES
5-10 Years +40%
2,807,200 VES
10-15 Years +20%
3,373,200 VES
15-20 Years +9%
3,659,400 VES
20+ Years +8%
3,946,200 VES

Financial Banking Analysis Manager Salary by Education Level in Venezuela

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 Financial Banking Analysis Manager in Venezuela 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 Financial Banking Analysis Manager in Venezuela with a bachelor's degree education can earn an average salary of 1,896,700 VES.

  • Master's Degree. A Financial Banking Analysis Manager in Venezuela with a master's degree education can earn an average salary of 3,359,900 VES.

Average Salary by Education Chart

Bachelor's Degree
1,896,700 VES
Master's Degree +77%
3,359,900 VES

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 Venezuela is around 662,000 to 1,990,000 VES 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.

Financial Banking Analysis 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 Venezuela, a male financial banking analysis manager will earn an average of 2,844,200 VES, while a female financial banking analysis manager will earn around 2,533,800 VES.

This means that a male financial banking analysis manager earns approximately 12% more than a female financial banking analysis manager for performing the same job.

Average Salary by Gender Chart in Venezuela

Male
2,844,200 VES
Female -12%
2,533,800 VES

Financial Banking Analysis Manager Average Pay Raise in Venezuela

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 Financial Banking Analysis Manager in Venezuela is around 9% every 29 months.

The national average pay raise across all professions and industries in Venezuela 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 = ( 9 ÷ 29 ) × 12  = 4%

What this means is that a Financial Banking Analysis Manager in Venezuela can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Venezuela for 2024

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

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%

Financial Banking Analysis Manager Bonus and Incentive Rates in Venezuela

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 Financial Banking Analysis Manager is a moderate bonus based job, with 63% of employees reporting at least one bonus in the last 12 months.

37% 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
63%
No Bonus
37%

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 Venezuela earn approximately 11% more than private sector employees in the same role.

Public Sector
1,655,500 VES
Private Sector -11%
1,487,200 VES

Salaries for Jobs Similar to a Financial Banking Analysis Manager

In the table below, we have salary information for jobs that are similar to a Financial Banking Analysis Manager in Venezuela.

Job Title Category Salary
AML Analyst Banking 2,557,100 VES
Assistant Bank Branch Manager Banking 2,065,400 VES
Assistant Bank Manager Banking 2,698,900 VES
ATM Manager Banking 2,362,300 VES
ATM Service Technician Banking 675,100 VES
Bank Accounts Analyst Banking 965,000 VES
Bank Accounts Collector Banking 590,200 VES
Bank Accounts Controller Banking 1,159,000 VES
Bank Accounts Executive Banking 1,777,700 VES
Bank Accounts Manager Banking 2,136,200 VES
Bank Auditing Manager Banking 2,038,500 VES
Bank Branch Manager Banking 3,013,500 VES
Bank Branch Operations Coordinator Banking 1,273,300 VES
Bank Clerk Banking 545,300 VES
Bank Client Service Associate Banking 790,600 VES
Bank Collector Banking 578,500 VES
Bank Compliance Specialist Banking 1,547,500 VES
Bank Manager Banking 3,239,400 VES
Bank Operational Risk Manager Banking 3,288,400 VES
Bank Operations Head Banking 3,421,600 VES
Bank Operations Officer Banking 1,320,500 VES
Bank Operations Specialist Banking 2,100,900 VES
Bank Process Manager Banking 1,846,200 VES
Bank Product Manager Banking 2,242,500 VES
Bank Programme Manager Banking 2,254,400 VES
Bank Project Manager Banking 2,782,600 VES
Bank Propositions Manager Banking 2,374,400 VES
Bank Quantitative Analyst Banking 1,728,900 VES
Bank Regional Manager Banking 3,469,900 VES
Bank Regional Risk Officer Banking 1,703,200 VES
Bank Relationship Manager Banking 2,629,100 VES
Bank Relationship Officer Banking 1,198,300 VES
Bank Teller Banking 610,100 VES
Banker Banking 1,235,600 VES
Banking Business Analyst Banking 1,788,300 VES
Banking Business Development Officer Banking 1,088,100 VES
Banking Business Planning Executive Banking 2,519,500 VES
Banking Product Manager Banking 2,146,100 VES
Banking Reference Data Manager Banking 1,930,500 VES
Banking Risk Analyst Banking 1,825,000 VES
Banking Technical Analyst Banking 956,200 VES
Bankruptcy Coordinator Banking 1,296,900 VES
Bill and Account Collector Banking 623,700 VES
Budget Analyst Banking 1,765,300 VES
Capital Risk Manager Banking 3,421,600 VES
Cards Marketing Manager Banking 2,281,800 VES
Cash Management Manager Banking 3,144,700 VES
Check Processing Manager Banking 2,173,000 VES
Commercial Vault Associate Banking 1,693,600 VES
Corporate Banker Banking 1,296,900 VES
Corporate Dealer Banking 1,835,700 VES
Credit Analyst Banking 1,306,100 VES
Credit and Collections Manager Banking 2,362,300 VES
Credit Card Fraud Investigator Banking 1,870,400 VES
Credit Portfolio Manager Banking 3,253,900 VES
Credit Risk Analyst Banking 2,026,800 VES
Credit Risk Associate Banking 1,896,700 VES
Direct Bank Sales Representative Banking 1,198,300 VES
Exchange Control Consultant Banking 1,896,700 VES
Executive Account Analyst Banking 1,741,800 VES
Financial Bank Planning Consultant Banking 2,161,200 VES
Financial Banking Assistant Banking 814,500 VES
Financial Banking Systems Manager Banking 2,411,500 VES
Foreign Exchange Manager Banking 2,676,200 VES
Fraud Analyst Banking 1,921,500 VES
Fraud Detection Associate Banking 1,235,600 VES
Fraud Detection Manager Banking 2,653,700 VES
Fraud Detection Supervisor Banking 1,547,500 VES
Internal Bank Audit Manager Banking 3,144,700 VES
Internal Bank Auditor Banking 1,728,900 VES
Internal Private Banker Banking 1,333,900 VES
International Banking Manager Banking 3,421,600 VES
Investment Banking Analyst Banking 2,460,900 VES
Loan Analyst Banking 1,703,200 VES
Loan Area Manager Banking 2,230,100 VES
Loan Audit Team Leader Banking 2,086,500 VES
Loan Branch Manager Banking 1,942,700 VES
Loan Business Development Officer Banking 1,084,200 VES
Loan Clerk Banking 592,200 VES
Loan Collection and Recovery Manager Banking 2,161,200 VES
Loan Collection Manager Banking 2,076,600 VES
Loan Collector Banking 547,800 VES
Loan Examiner Banking 759,300 VES
Loan Officer Banking 683,800 VES
Loan Processing Manager Banking 1,942,700 VES
Loan Processor Banking 759,300 VES
Loan Quality Assurance Auditor Banking 1,777,700 VES
Loan Quality Assurance Manager Banking 2,038,500 VES
Loan Quality Assurance Representative Banking 1,273,300 VES
Loan Review Manager Banking 1,990,300 VES
Loan Team Leader Banking 1,846,200 VES
Loans Manager Banking 2,423,000 VES
Mortgage Advisor Banking 1,185,300 VES
Mortgage Collection Manager Banking 2,076,600 VES
Mortgage Collector Banking 597,800 VES
Mortgage Credit Analyst Banking 915,100 VES
Mortgage Credit Manager Banking 1,990,300 VES
Mortgage Development Manager Banking 2,352,500 VES
Mortgage Document Reviewer Banking 751,700 VES
Mortgage Funding Manager Banking 2,314,800 VES
Mortgage Operations Manager Banking 3,013,500 VES
Mortgage Payment Processing Clerk Banking 689,900 VES
Mortgage Processing Manager Banking 1,921,500 VES
Mortgage Processor Banking 780,700 VES
Mortgage Quality Assurance Auditor Banking 1,668,900 VES
Mortgage Quality Assurance Manager Banking 1,980,600 VES
Mortgage Servicing Clerk Banking 623,700 VES
Mortgage Servicing Manager Banking 1,858,200 VES
Mortgage Underwriter Banking 767,400 VES
Online Banking Manager Banking 3,013,500 VES
Payment Processing Clerk Banking 637,500 VES
Personal Banker Banking 1,235,600 VES
Personal Banking Advisor Banking 1,249,900 VES
Phone Banker Banking 828,400 VES
Private Banker Banking 1,212,800 VES
Reconciliation and Investigation Specialist Banking 1,487,200 VES
Tax Officer Banking 1,088,100 VES
Teller Banking 574,200 VES
Trade Officer Banking 737,000 VES
Trade Product Manager Banking 1,980,600 VES
Trader Banking 860,300 VES
Treasury Operations Officer Banking 1,537,500 VES

Salary Comparison by City

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

City Average Salary
Barquisimeto 2,566,100 VES
Caracas 2,782,600 VES
Ciudad Guayana 2,411,500 VES
Maracaibo 2,688,800 VES

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