Average International Banking Manager Salary in Mozambique for 2024

In this article, we will look at the average International Banking Manager salary for 2024 in Mozambique 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 Mozambican metical. To keep things simple, we are using the MZN currency code instead of the currency symbol MT.

How Much Does an International Banking Manager Make in Mozambique?

An International Banking Manager working in Mozambique will typically earn around 1,067,500 MZN per year, and this can range from the lowest average salary of about 555,800 MZN to the highest average salary of 1,632,100 MZN.

Average Annual Salary
1,067,500 MZN
Average Monthly Salary
88,958 MZN

Lowest Annual Salary
555,800 MZN
Lowest Monthly Salary
46,316 MZN

Highest Annual Salary
1,632,100 MZN
Highest Monthly Salary
136,008 MZN

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

International Banking 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 International Banking Manager Salaries in Mozambique

So we've looked at the average salaries an International Banking Manager will earn in Mozambique. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an International Banking Manager can earn between 555,800 MZN and 1,632,100 MZN on average in Mozambique. 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 an International Banking Manager in Mozambique is 1,025,100 MZN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,025,100 MZN, and 50% of the population earn more than 1,025,100 MZN.

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 International Banking Manager salary in Mozambique, 25% of the population are earning less than 712,100 MZN while 75% of the population earn more than 712,100 MZN.

75% of the population earn less than 1,273,300 MZN, and 25% of the population earn more than 1,273,300 MZN.

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.

International Banking Manager Salary by Experience Level in Mozambique

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 international banking 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. An International Banking Manager in Mozambique that has less than two years of experience can expect to earn somewhere in the region of 633,100 MZN.
  • 2 - 5 Years Experience. With two to five years of experience the average International Banking Manager salary would increase to 848,200 MZN.
  • 5 - 10 Years Experience. From five to ten years of experience as an International Banking Manager, the average salary would be 1,102,900 MZN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,333,900 MZN.
  • 15 - 20 Years Experience. An International Banking Manager with 15 to 20 years of experience can earn an average of 1,450,700 MZN.
  • 20+ Years Experience. For an International Banking Manager with more than 20 years, the expected average salary increases to 1,537,500 MZN.

Average Salary by Experience Chart

0-2 Years
633,100 MZN
2-5 Years +34%
848,200 MZN
5-10 Years +30%
1,102,900 MZN
10-15 Years +21%
1,333,900 MZN
15-20 Years +9%
1,450,700 MZN
20+ Years +5%
1,537,500 MZN

International Banking Manager Salary by Education Level in Mozambique

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 an International Banking Manager in Mozambique 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. An International Banking Manager in Mozambique with a bachelor's degree education can earn an average salary of 889,400 MZN.

  • Master's Degree. An International Banking Manager in Mozambique with a master's degree education can earn an average salary of 1,235,600 MZN.

Average Salary by Education Chart

Bachelor's Degree
889,400 MZN
Master's Degree +39%
1,235,600 MZN

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 Mozambique is around 201,000 to 603,000 MZN 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.

International Banking 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 Mozambique, a male international banking manager will earn an average of 1,134,500 MZN, while a female international banking manager will earn around 1,027,600 MZN.

This means that a male international banking manager earns approximately 10% more than a female international banking manager for performing the same job.

Average Salary by Gender Chart in Mozambique

Male
1,134,500 MZN
Female -10%
1,027,600 MZN

International Banking Manager Average Pay Raise in Mozambique

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 an International Banking Manager in Mozambique is around 9% every 30 months.

The national average pay raise across all professions and industries in Mozambique 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 ÷ 30 ) × 12  = 4%

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

Annual Pay Raise by Industry in Mozambique for 2024

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

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%

International Banking Manager Bonus and Incentive Rates in Mozambique

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.

An International Banking 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 Mozambique earn approximately 14% more than private sector employees in the same role.

Public Sector
522,700 MZN
Private Sector -14%
459,700 MZN

Salaries for Jobs Similar to an International Banking Manager

In the table below, we have salary information for jobs that are similar to an International Banking Manager in Mozambique.

Job Title Category Salary
AML Analyst Banking 761,400 MZN
Assistant Bank Branch Manager Banking 605,700 MZN
Assistant Bank Manager Banking 812,900 MZN
ATM Manager Banking 721,600 MZN
ATM Service Technician Banking 189,300 MZN
Bank Accounts Analyst Banking 272,800 MZN
Bank Accounts Collector Banking 175,900 MZN
Bank Accounts Controller Banking 371,100 MZN
Bank Accounts Executive Banking 524,400 MZN
Bank Accounts Manager Banking 637,500 MZN
Bank Auditing Manager Banking 637,500 MZN
Bank Branch Manager Banking 870,700 MZN
Bank Branch Operations Coordinator Banking 375,200 MZN
Bank Clerk Banking 172,200 MZN
Bank Client Service Associate Banking 225,300 MZN
Bank Collector Banking 176,800 MZN
Bank Compliance Specialist Banking 447,300 MZN
Bank Manager Banking 1,000,700 MZN
Bank Operational Risk Manager Banking 1,016,300 MZN
Bank Operations Head Banking 1,028,300 MZN
Bank Operations Officer Banking 409,000 MZN
Bank Operations Specialist Banking 656,800 MZN
Bank Process Manager Banking 589,400 MZN
Bank Product Manager Banking 683,800 MZN
Bank Programme Manager Banking 660,500 MZN
Bank Project Manager Banking 832,300 MZN
Bank Propositions Manager Banking 752,600 MZN
Bank Quantitative Analyst Banking 491,000 MZN
Bank Regional Manager Banking 1,028,300 MZN
Bank Regional Risk Officer Banking 547,800 MZN
Bank Relationship Manager Banking 790,300 MZN
Bank Relationship Officer Banking 361,500 MZN
Bank Teller Banking 189,300 MZN
Banker Banking 361,500 MZN
Banking Business Analyst Banking 535,800 MZN
Banking Business Development Officer Banking 330,700 MZN
Banking Business Planning Executive Banking 772,700 MZN
Banking Product Manager Banking 667,400 MZN
Banking Reference Data Manager Banking 587,800 MZN
Banking Risk Analyst Banking 535,900 MZN
Banking Technical Analyst Banking 286,400 MZN
Bankruptcy Coordinator Banking 369,900 MZN
Bill and Account Collector Banking 180,500 MZN
Budget Analyst Banking 524,400 MZN
Capital Risk Manager Banking 1,025,100 MZN
Cards Marketing Manager Banking 639,900 MZN
Cash Management Manager Banking 965,800 MZN
Check Processing Manager Banking 679,200 MZN
Commercial Vault Associate Banking 535,800 MZN
Corporate Banker Banking 398,300 MZN
Corporate Dealer Banking 524,300 MZN
Credit Analyst Banking 424,300 MZN
Credit and Collections Manager Banking 699,700 MZN
Credit Card Fraud Investigator Banking 559,000 MZN
Credit Portfolio Manager Banking 945,400 MZN
Credit Risk Analyst Banking 592,600 MZN
Credit Risk Associate Banking 553,400 MZN
Direct Bank Sales Representative Banking 363,000 MZN
Exchange Control Consultant Banking 547,800 MZN
Executive Account Analyst Banking 519,300 MZN
Financial Bank Planning Consultant Banking 699,700 MZN
Financial Banking Analysis Manager Banking 751,700 MZN
Financial Banking Assistant Banking 254,800 MZN
Financial Banking Systems Manager Banking 693,100 MZN
Foreign Exchange Manager Banking 778,200 MZN
Fraud Analyst Banking 562,600 MZN
Fraud Detection Associate Banking 363,000 MZN
Fraud Detection Manager Banking 847,000 MZN
Fraud Detection Supervisor Banking 462,300 MZN
Internal Bank Audit Manager Banking 955,800 MZN
Internal Bank Auditor Banking 531,700 MZN
Internal Private Banker Banking 378,300 MZN
Investment Banking Analyst Banking 743,100 MZN
Loan Analyst Banking 510,300 MZN
Loan Area Manager Banking 658,300 MZN
Loan Audit Team Leader Banking 615,300 MZN
Loan Branch Manager Banking 581,300 MZN
Loan Business Development Officer Banking 327,800 MZN
Loan Clerk Banking 181,600 MZN
Loan Collection and Recovery Manager Banking 612,500 MZN
Loan Collection Manager Banking 643,800 MZN
Loan Collector Banking 174,000 MZN
Loan Examiner Banking 218,900 MZN
Loan Officer Banking 197,600 MZN
Loan Processing Manager Banking 572,200 MZN
Loan Processor Banking 225,300 MZN
Loan Quality Assurance Auditor Banking 533,000 MZN
Loan Quality Assurance Manager Banking 619,800 MZN
Loan Quality Assurance Representative Banking 394,800 MZN
Loan Review Manager Banking 619,800 MZN
Loan Team Leader Banking 525,700 MZN
Loans Manager Banking 681,500 MZN
Mortgage Advisor Banking 378,800 MZN
Mortgage Collection Manager Banking 606,400 MZN
Mortgage Collector Banking 175,900 MZN
Mortgage Credit Analyst Banking 275,200 MZN
Mortgage Credit Manager Banking 603,400 MZN
Mortgage Development Manager Banking 658,300 MZN
Mortgage Document Reviewer Banking 233,600 MZN
Mortgage Funding Manager Banking 658,300 MZN
Mortgage Operations Manager Banking 913,400 MZN
Mortgage Payment Processing Clerk Banking 209,500 MZN
Mortgage Processing Manager Banking 612,500 MZN
Mortgage Processor Banking 228,500 MZN
Mortgage Quality Assurance Auditor Banking 519,300 MZN
Mortgage Quality Assurance Manager Banking 620,300 MZN
Mortgage Servicing Clerk Banking 185,100 MZN
Mortgage Servicing Manager Banking 553,400 MZN
Mortgage Underwriter Banking 221,500 MZN
Online Banking Manager Banking 953,300 MZN
Payment Processing Clerk Banking 185,100 MZN
Personal Banker Banking 365,400 MZN
Personal Banking Advisor Banking 378,300 MZN
Phone Banker Banking 253,400 MZN
Private Banker Banking 394,800 MZN
Reconciliation and Investigation Specialist Banking 425,100 MZN
Tax Officer Banking 307,400 MZN
Teller Banking 174,000 MZN
Trade Officer Banking 225,300 MZN
Trade Product Manager Banking 614,600 MZN
Trader Banking 268,900 MZN
Treasury Operations Officer Banking 466,900 MZN

Salary Comparison by City

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

City Average Salary
Beira 1,102,900 MZN
Maputo 1,198,300 MZN
Matola 1,077,700 MZN
Nampula 964,000 MZN

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