Average Online Banking Manager Salary in Guyana for 2024

In this article, we will look at the average Online Banking Manager salary for 2024 in Guyana 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 Guyanese dollar. To keep things simple, we are using the GYD currency code instead of the currency symbol $.

How Much Does an Online Banking Manager Make in Guyana?

An Online Banking Manager working in Guyana will typically earn around 3,840,400 GYD per year, and this can range from the lowest average salary of about 1,882,700 GYD to the highest average salary of 5,989,600 GYD.

Average Annual Salary
3,840,400 GYD
Average Monthly Salary
320,033 GYD

Lowest Annual Salary
1,882,700 GYD
Lowest Monthly Salary
156,891 GYD

Highest Annual Salary
5,989,600 GYD
Highest Monthly Salary
499,133 GYD

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

Online 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 Online Banking Manager Salaries in Guyana

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

Salary ranges

We already know that an Online Banking Manager can earn between 1,882,700 GYD and 5,989,600 GYD on average in Guyana. 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 Online Banking Manager in Guyana is 3,912,600 GYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 3,912,600 GYD, and 50% of the population earn more than 3,912,600 GYD.

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 Online Banking Manager salary in Guyana, 25% of the population are earning less than 2,605,500 GYD while 75% of the population earn more than 2,605,500 GYD.

75% of the population earn less than 5,053,200 GYD, and 25% of the population earn more than 5,053,200 GYD.

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.

Online Banking Manager Salary by Experience Level in Guyana

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 online 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 Online Banking Manager in Guyana that has less than two years of experience can expect to earn somewhere in the region of 2,230,100 GYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Online Banking Manager salary would increase to 2,868,600 GYD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Online Banking Manager, the average salary would be 3,946,200 GYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 4,895,800 GYD.
  • 15 - 20 Years Experience. An Online Banking Manager with 15 to 20 years of experience can earn an average of 5,242,700 GYD.
  • 20+ Years Experience. For an Online Banking Manager with more than 20 years, the expected average salary increases to 5,591,900 GYD.

Average Salary by Experience Chart

0-2 Years
2,230,100 GYD
2-5 Years +29%
2,868,600 GYD
5-10 Years +38%
3,946,200 GYD
10-15 Years +24%
4,895,800 GYD
15-20 Years +7%
5,242,700 GYD
20+ Years +7%
5,591,900 GYD

Online Banking Manager Salary by Education Level in Guyana

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 Online Banking Manager in Guyana 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 Online Banking Manager in Guyana with a bachelor's degree education can earn an average salary of 2,782,600 GYD.

  • Master's Degree. An Online Banking Manager in Guyana with a master's degree education can earn an average salary of 4,465,800 GYD.

Average Salary by Education Chart

Bachelor's Degree
2,782,600 GYD
Master's Degree +60%
4,465,800 GYD

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 Guyana is around 876,000 to 2,630,000 GYD 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.

Online 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 Guyana, a male online banking manager will earn an average of 3,959,700 GYD, while a female online banking manager will earn around 3,672,500 GYD.

This means that a male online banking manager earns approximately 8% more than a female online banking manager for performing the same job.

Average Salary by Gender Chart in Guyana

Male
3,959,700 GYD
Female -8%
3,672,500 GYD

Online Banking Manager Average Pay Raise in Guyana

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 Online Banking Manager in Guyana is around 9% every 29 months.

The national average pay raise across all professions and industries in Guyana 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 an Online Banking Manager in Guyana can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Guyana for 2024

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

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%

Online Banking Manager Bonus and Incentive Rates in Guyana

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 Online Banking Manager is a moderate bonus based job, with 65% of employees reporting at least one bonus in the last 12 months.

35% 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%.

Received Bonus
65%
No Bonus
35%

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

Public Sector
2,266,400 GYD
Private Sector -14%
1,990,300 GYD

Salaries for Jobs Similar to an Online Banking Manager

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

Job Title Category Salary
AML Analyst Banking 3,132,800 GYD
Assistant Bank Branch Manager Banking 2,543,000 GYD
Assistant Bank Manager Banking 3,503,800 GYD
ATM Manager Banking 2,941,000 GYD
ATM Service Technician Banking 805,900 GYD
Bank Accounts Analyst Banking 1,114,700 GYD
Bank Accounts Collector Banking 702,800 GYD
Bank Accounts Controller Banking 1,537,500 GYD
Bank Accounts Executive Banking 2,266,400 GYD
Bank Accounts Manager Banking 2,617,900 GYD
Bank Auditing Manager Banking 2,566,100 GYD
Bank Branch Manager Banking 3,490,200 GYD
Bank Branch Operations Coordinator Banking 1,621,400 GYD
Bank Clerk Banking 706,200 GYD
Bank Client Service Associate Banking 971,200 GYD
Bank Collector Banking 719,100 GYD
Bank Compliance Specialist Banking 1,921,500 GYD
Bank Manager Banking 4,056,200 GYD
Bank Operational Risk Manager Banking 4,260,400 GYD
Bank Operations Head Banking 4,211,600 GYD
Bank Operations Officer Banking 1,693,600 GYD
Bank Operations Specialist Banking 2,519,500 GYD
Bank Process Manager Banking 2,290,300 GYD
Bank Product Manager Banking 2,662,900 GYD
Bank Programme Manager Banking 2,773,700 GYD
Bank Project Manager Banking 3,299,800 GYD
Bank Propositions Manager Banking 2,976,900 GYD
Bank Quantitative Analyst Banking 2,124,400 GYD
Bank Regional Manager Banking 4,297,400 GYD
Bank Regional Risk Officer Banking 2,230,100 GYD
Bank Relationship Manager Banking 3,132,800 GYD
Bank Relationship Officer Banking 1,487,200 GYD
Bank Teller Banking 778,500 GYD
Banker Banking 1,487,200 GYD
Banking Business Analyst Banking 2,230,100 GYD
Banking Business Development Officer Banking 1,440,700 GYD
Banking Business Planning Executive Banking 3,085,500 GYD
Banking Product Manager Banking 2,794,600 GYD
Banking Reference Data Manager Banking 2,401,300 GYD
Banking Risk Analyst Banking 2,065,400 GYD
Banking Technical Analyst Banking 1,117,800 GYD
Bankruptcy Coordinator Banking 1,487,200 GYD
Bill and Account Collector Banking 810,500 GYD
Budget Analyst Banking 2,076,600 GYD
Capital Risk Manager Banking 4,067,600 GYD
Cards Marketing Manager Banking 2,629,100 GYD
Cash Management Manager Banking 3,996,300 GYD
Check Processing Manager Banking 2,928,100 GYD
Commercial Vault Associate Banking 2,161,200 GYD
Corporate Banker Banking 1,645,600 GYD
Corporate Dealer Banking 2,184,900 GYD
Credit Analyst Banking 1,728,900 GYD
Credit and Collections Manager Banking 2,976,900 GYD
Credit Card Fraud Investigator Banking 2,254,400 GYD
Credit Portfolio Manager Banking 4,116,600 GYD
Credit Risk Analyst Banking 2,495,600 GYD
Credit Risk Associate Banking 2,254,400 GYD
Direct Bank Sales Representative Banking 1,537,500 GYD
Exchange Control Consultant Banking 2,314,800 GYD
Executive Account Analyst Banking 2,197,700 GYD
Financial Bank Planning Consultant Banking 2,844,200 GYD
Financial Banking Analysis Manager Banking 3,156,400 GYD
Financial Banking Assistant Banking 1,012,100 GYD
Financial Banking Systems Manager Banking 2,878,300 GYD
Foreign Exchange Manager Banking 3,061,300 GYD
Fraud Analyst Banking 2,327,100 GYD
Fraud Detection Associate Banking 1,655,500 GYD
Fraud Detection Manager Banking 3,577,600 GYD
Fraud Detection Supervisor Banking 1,990,300 GYD
Internal Bank Audit Manager Banking 4,102,700 GYD
Internal Bank Auditor Banking 2,173,000 GYD
Internal Private Banker Banking 1,570,900 GYD
International Banking Manager Banking 4,548,600 GYD
Investment Banking Analyst Banking 3,144,700 GYD
Loan Analyst Banking 2,266,400 GYD
Loan Area Manager Banking 2,543,000 GYD
Loan Audit Team Leader Banking 2,374,400 GYD
Loan Branch Manager Banking 2,579,200 GYD
Loan Business Development Officer Banking 1,380,400 GYD
Loan Clerk Banking 805,900 GYD
Loan Collection and Recovery Manager Banking 2,688,800 GYD
Loan Collection Manager Banking 2,698,900 GYD
Loan Collector Banking 727,400 GYD
Loan Examiner Banking 962,900 GYD
Loan Officer Banking 836,500 GYD
Loan Processing Manager Banking 2,362,300 GYD
Loan Processor Banking 979,600 GYD
Loan Quality Assurance Auditor Banking 2,184,900 GYD
Loan Quality Assurance Manager Banking 2,411,500 GYD
Loan Quality Assurance Representative Banking 1,594,500 GYD
Loan Review Manager Banking 2,389,200 GYD
Loan Team Leader Banking 2,124,400 GYD
Loans Manager Banking 2,807,200 GYD
Mortgage Advisor Banking 1,594,500 GYD
Mortgage Collection Manager Banking 2,676,200 GYD
Mortgage Collector Banking 743,100 GYD
Mortgage Credit Analyst Banking 1,198,200 GYD
Mortgage Credit Manager Banking 2,508,300 GYD
Mortgage Development Manager Banking 2,854,700 GYD
Mortgage Document Reviewer Banking 965,000 GYD
Mortgage Funding Manager Banking 2,844,200 GYD
Mortgage Operations Manager Banking 3,659,400 GYD
Mortgage Payment Processing Clerk Banking 802,400 GYD
Mortgage Processing Manager Banking 2,495,600 GYD
Mortgage Processor Banking 974,600 GYD
Mortgage Quality Assurance Auditor Banking 2,281,800 GYD
Mortgage Quality Assurance Manager Banking 2,593,900 GYD
Mortgage Servicing Clerk Banking 745,000 GYD
Mortgage Servicing Manager Banking 2,352,500 GYD
Mortgage Underwriter Banking 962,300 GYD
Payment Processing Clerk Banking 778,200 GYD
Personal Banker Banking 1,632,100 GYD
Personal Banking Advisor Banking 1,594,500 GYD
Phone Banker Banking 1,079,600 GYD
Private Banker Banking 1,570,900 GYD
Reconciliation and Investigation Specialist Banking 1,858,200 GYD
Tax Officer Banking 1,259,300 GYD
Teller Banking 727,400 GYD
Trade Officer Banking 860,300 GYD
Trade Product Manager Banking 2,698,900 GYD
Trader Banking 1,122,500 GYD
Treasury Operations Officer Banking 2,026,800 GYD

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