Average International Banking Manager Salary in Nicaragua for 2024

In this article, we will look at the average International Banking Manager salary for 2024 in Nicaragua 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 Nicaraguan córdoba. To keep things simple, we are using the NIO currency code instead of the currency symbol C$.

How Much Does an International Banking Manager Make in Nicaragua?

An International Banking Manager working in Nicaragua will typically earn around 489,600 NIO per year, and this can range from the lowest average salary of about 254,700 NIO to the highest average salary of 746,600 NIO.

Average Annual Salary
489,600 NIO
Average Monthly Salary
40,800 NIO

Lowest Annual Salary
254,700 NIO
Lowest Monthly Salary
21,225 NIO

Highest Annual Salary
746,600 NIO
Highest Monthly Salary
62,216 NIO

These are average salaries for an International Banking Manager in Nicaragua 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 Nicaragua

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

Salary ranges

We already know that an International Banking Manager can earn between 254,700 NIO and 746,600 NIO on average in Nicaragua. 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 Nicaragua is 467,700 NIO. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 467,700 NIO, and 50% of the population earn more than 467,700 NIO.

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 Nicaragua, 25% of the population are earning less than 325,600 NIO while 75% of the population earn more than 325,600 NIO.

75% of the population earn less than 583,000 NIO, and 25% of the population earn more than 583,000 NIO.

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 Nicaragua

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 Nicaragua that has less than two years of experience can expect to earn somewhere in the region of 290,800 NIO.
  • 2 - 5 Years Experience. With two to five years of experience the average International Banking Manager salary would increase to 386,400 NIO.
  • 5 - 10 Years Experience. From five to ten years of experience as an International Banking Manager, the average salary would be 504,400 NIO.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 608,500 NIO.
  • 15 - 20 Years Experience. An International Banking Manager with 15 to 20 years of experience can earn an average of 667,400 NIO.
  • 20+ Years Experience. For an International Banking Manager with more than 20 years, the expected average salary increases to 701,400 NIO.

Average Salary by Experience Chart

0-2 Years
290,800 NIO
2-5 Years +34%
386,400 NIO
5-10 Years +30%
504,400 NIO
10-15 Years +21%
608,500 NIO
15-20 Years +9%
667,400 NIO
20+ Years +5%
701,400 NIO

International Banking Manager Salary by Education Level in Nicaragua

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 Nicaragua 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 Nicaragua with a bachelor's degree education can earn an average salary of 407,100 NIO.

  • Master's Degree. An International Banking Manager in Nicaragua with a master's degree education can earn an average salary of 563,300 NIO.

Average Salary by Education Chart

Bachelor's Degree
407,100 NIO
Master's Degree +39%
563,300 NIO

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 Nicaragua is around 94,700 to 284,000 NIO 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 Nicaragua, a male international banking manager will earn an average of 514,300 NIO, while a female international banking manager will earn around 472,100 NIO.

This means that a male international banking manager earns approximately 9% more than a female international banking manager for performing the same job.

Average Salary by Gender Chart in Nicaragua

Male
514,300 NIO
Female -9%
472,100 NIO

International Banking Manager Average Pay Raise in Nicaragua

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 Nicaragua is around 10% every 29 months.

The national average pay raise across all professions and industries in Nicaragua is around 5% every 28 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 = ( 10 ÷ 29 ) × 12  = 4%

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

Annual Pay Raise by Industry in Nicaragua for 2024

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

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 Nicaragua

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 Nicaragua earn approximately 14% more than private sector employees in the same role.

Public Sector
245,300 NIO
Private Sector -14%
215,100 NIO

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 Nicaragua.

Job Title Category Salary
AML Analyst Banking 361,500 NIO
Assistant Bank Branch Manager Banking 308,900 NIO
Assistant Bank Manager Banking 388,100 NIO
ATM Manager Banking 313,700 NIO
ATM Service Technician Banking 93,140 NIO
Bank Accounts Analyst Banking 134,600 NIO
Bank Accounts Collector Banking 78,160 NIO
Bank Accounts Controller Banking 172,200 NIO
Bank Accounts Executive Banking 246,500 NIO
Bank Accounts Manager Banking 301,600 NIO
Bank Auditing Manager Banking 282,300 NIO
Bank Branch Manager Banking 394,500 NIO
Bank Branch Operations Coordinator Banking 176,800 NIO
Bank Clerk Banking 74,940 NIO
Bank Client Service Associate Banking 108,120 NIO
Bank Collector Banking 76,280 NIO
Bank Compliance Specialist Banking 217,900 NIO
Bank Manager Banking 478,100 NIO
Bank Operational Risk Manager Banking 450,300 NIO
Bank Operations Head Banking 480,300 NIO
Bank Operations Officer Banking 192,600 NIO
Bank Operations Specialist Banking 283,700 NIO
Bank Process Manager Banking 275,200 NIO
Bank Product Manager Banking 294,700 NIO
Bank Programme Manager Banking 335,100 NIO
Bank Project Manager Banking 362,200 NIO
Bank Propositions Manager Banking 332,500 NIO
Bank Quantitative Analyst Banking 232,900 NIO
Bank Regional Manager Banking 487,600 NIO
Bank Regional Risk Officer Banking 245,300 NIO
Bank Relationship Manager Banking 341,400 NIO
Bank Relationship Officer Banking 161,300 NIO
Bank Teller Banking 80,060 NIO
Banker Banking 168,100 NIO
Banking Business Analyst Banking 251,500 NIO
Banking Business Development Officer Banking 157,600 NIO
Banking Business Planning Executive Banking 357,300 NIO
Banking Product Manager Banking 294,700 NIO
Banking Reference Data Manager Banking 257,700 NIO
Banking Risk Analyst Banking 254,700 NIO
Banking Technical Analyst Banking 128,900 NIO
Bankruptcy Coordinator Banking 180,300 NIO
Bill and Account Collector Banking 90,900 NIO
Budget Analyst Banking 240,500 NIO
Capital Risk Manager Banking 445,100 NIO
Cards Marketing Manager Banking 315,700 NIO
Cash Management Manager Banking 415,900 NIO
Check Processing Manager Banking 325,600 NIO
Commercial Vault Associate Banking 246,500 NIO
Corporate Banker Banking 172,200 NIO
Corporate Dealer Banking 251,500 NIO
Credit Analyst Banking 189,300 NIO
Credit and Collections Manager Banking 345,700 NIO
Credit Card Fraud Investigator Banking 254,700 NIO
Credit Portfolio Manager Banking 478,100 NIO
Credit Risk Analyst Banking 283,700 NIO
Credit Risk Associate Banking 259,100 NIO
Direct Bank Sales Representative Banking 168,100 NIO
Exchange Control Consultant Banking 254,800 NIO
Executive Account Analyst Banking 239,300 NIO
Financial Bank Planning Consultant Banking 311,700 NIO
Financial Banking Analysis Manager Banking 352,000 NIO
Financial Banking Assistant Banking 119,700 NIO
Financial Banking Systems Manager Banking 327,300 NIO
Foreign Exchange Manager Banking 371,100 NIO
Fraud Analyst Banking 259,100 NIO
Fraud Detection Associate Banking 176,800 NIO
Fraud Detection Manager Banking 376,800 NIO
Fraud Detection Supervisor Banking 225,700 NIO
Internal Bank Audit Manager Banking 431,100 NIO
Internal Bank Auditor Banking 240,500 NIO
Internal Private Banker Banking 183,600 NIO
Investment Banking Analyst Banking 340,400 NIO
Loan Analyst Banking 243,000 NIO
Loan Area Manager Banking 311,700 NIO
Loan Audit Team Leader Banking 292,000 NIO
Loan Branch Manager Banking 275,500 NIO
Loan Business Development Officer Banking 143,200 NIO
Loan Clerk Banking 89,800 NIO
Loan Collection and Recovery Manager Banking 301,600 NIO
Loan Collection Manager Banking 283,700 NIO
Loan Collector Banking 78,940 NIO
Loan Examiner Banking 111,920 NIO
Loan Officer Banking 93,100 NIO
Loan Processing Manager Banking 263,100 NIO
Loan Processor Banking 115,640 NIO
Loan Quality Assurance Auditor Banking 251,500 NIO
Loan Quality Assurance Manager Banking 265,000 NIO
Loan Quality Assurance Representative Banking 187,300 NIO
Loan Review Manager Banking 271,300 NIO
Loan Team Leader Banking 254,800 NIO
Loans Manager Banking 335,100 NIO
Mortgage Advisor Banking 167,100 NIO
Mortgage Collection Manager Banking 301,800 NIO
Mortgage Collector Banking 78,260 NIO
Mortgage Credit Analyst Banking 124,400 NIO
Mortgage Credit Manager Banking 275,500 NIO
Mortgage Development Manager Banking 301,700 NIO
Mortgage Document Reviewer Banking 111,240 NIO
Mortgage Funding Manager Banking 312,400 NIO
Mortgage Operations Manager Banking 407,100 NIO
Mortgage Payment Processing Clerk Banking 96,540 NIO
Mortgage Processing Manager Banking 288,700 NIO
Mortgage Processor Banking 110,120 NIO
Mortgage Quality Assurance Auditor Banking 233,900 NIO
Mortgage Quality Assurance Manager Banking 283,700 NIO
Mortgage Servicing Clerk Banking 88,480 NIO
Mortgage Servicing Manager Banking 272,800 NIO
Mortgage Underwriter Banking 102,380 NIO
Online Banking Manager Banking 437,900 NIO
Payment Processing Clerk Banking 83,900 NIO
Personal Banker Banking 187,500 NIO
Personal Banking Advisor Banking 172,400 NIO
Phone Banker Banking 114,380 NIO
Private Banker Banking 185,100 NIO
Reconciliation and Investigation Specialist Banking 195,200 NIO
Tax Officer Banking 151,800 NIO
Teller Banking 85,880 NIO
Trade Officer Banking 102,460 NIO
Trade Product Manager Banking 279,400 NIO
Trader Banking 125,100 NIO
Treasury Operations Officer Banking 221,500 NIO

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