Average Risk Modeling Manager Salary in Merida, Mexico for 2026

In this article, we will look at the average Risk Modeling Manager salary for 2026 in Merida 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 Risk Modeling Manager Make in Merida?

A Risk Modeling Manager working in Merida will typically earn around 882,400 MXN per year, and this can range from the lowest average salary of about 424,300 MXN to the highest average salary of 1,391,600 MXN.

Average Annual Salary882,400 MXN
Average Monthly Salary73,533 MXN
Average Lowest Salary424,300 MXN
Lowest Monthly Salary35,358 MXN
Average Highest Salary1,391,600 MXN
Highest Monthly Salary115,966 MXN

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

Risk Modeling 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 Risk Modeling Manager Salaries in Merida

So we've looked at the average salaries a Risk Modeling Manager will earn in Merida. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Risk Modeling Manager can earn between 424,300 MXN and 1,391,600 MXN on average in Merida. 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 Risk Modeling Manager in Merida is 918,500 MXN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 918,500 MXN, and 50% of the population earn more than 918,500 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 Risk Modeling Manager salary in Merida, 25% of the population are earning less than 605,700 MXN while 75% of the population earn more than 605,700 MXN.

75% of the population earn less than 1,198,200 MXN, and 25% of the population earn more than 1,198,200 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.

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.

Risk Modeling Manager Salary by Experience Level in Merida

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 Risk Modeling 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 Risk Modeling Manager in Merida that has less than two years of experience can expect to earn somewhere in the region of 498,500 MXN.
  • 2 - 5 Years Experience. With two to five years of experience the average Risk Modeling Manager salary would increase to 704,300 MXN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Risk Modeling Manager, the average salary would be 925,900 MXN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,134,800 MXN.
  • 15 - 20 Years Experience. A Risk Modeling Manager with 15 to 20 years of experience can earn an average of 1,212,800 MXN.
  • 20+ Years Experience. For a Risk Modeling Manager with more than 20 years, the expected average salary increases to 1,320,500 MXN.

Average Salary by Experience Chart

0-2 Years-
498,500 MXN
2-5 Years+42%
704,300 MXN
5-10 Years+31%
925,900 MXN
10-15 Years+23%
1,134,800 MXN
15-20 Years+6%
1,212,800 MXN
20+ Years+10%
1,320,500 MXN

Risk Modeling Manager Salary by Education Level in Merida

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 Risk Modeling Manager in Merida 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 Risk Modeling Manager in Merida with a bachelor's degree education can earn an average salary of 780,700 MXN.
  • Master's Degree. A Risk Modeling Manager in Merida with a master's degree education can earn an average salary of 1,116,700 MXN.

Average Salary by Education Chart

Bachelor's Degree-
780,700 MXN
Master's Degree+43%
1,116,700 MXN

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 Mexico is around 166,000 to 498,000 MXN 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.

Risk Modeling 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 Merida, a male risk modeling manager will earn an average of 794,900 MXN, while a female risk modeling manager will earn around 696,700 MXN.

This means that a male risk modeling manager earns approximately 14% more than a female risk modeling manager for performing the same job.

Average Salary by Gender Chart in Merida

Male-
794,900 MXN
Female-14%
696,700 MXN

Risk Modeling Manager Average Pay Raise in Merida

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 Risk Modeling Manager in Merida is around 13% every 20 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 ÷ 20 ) × 12  = 8%

What this means is that a Risk Modeling Manager in Merida can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Merida for 2026

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-
4%
Energy-
8%
Information Technology-
3%
Healthcare-
7%
Travel-
2%
Construction-
6%
Education-
1%

Risk Modeling Manager Bonus and Incentive Rates in Merida

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 Risk Modeling Manager is a high bonus based job, with 81% of employees reporting at least one bonus in the last 12 months.

19% 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-
81%
No Bonus-
19%

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

Public Sector-
415,900 MXN
Private Sector-8%
384,200 MXN

Salaries for Jobs Similar to a Risk Modeling Manager

In the table below, we have salary information for jobs that are similar to a Risk Modeling Manager in Merida.

Job TitleCategorySalary
Actuarial AnalystInsurance555,800 MXN
Actuarial AssistantInsurance367,200 MXN
Actuarial SpecialistInsurance386,400 MXN
ActuaryInsurance535,900 MXN
Adjustment Insurance ClerkInsurance150,000 MXN
Assistant BrokerInsurance243,000 MXN
Assistant Claims ManagerInsurance424,300 MXN
Associate Insurance RepresentativeInsurance209,500 MXN
Auditing Insurance ManagerInsurance618,800 MXN
BrokerInsurance420,100 MXN
Claim Advocacy ProfessionalInsurance406,300 MXN
Claims AdjusterInsurance146,200 MXN
Claims AnalystInsurance209,500 MXN
Claims ExaminerInsurance221,500 MXN
Claims ManagerInsurance562,200 MXN
Claims ProcessorInsurance152,300 MXN
Claims RepresentativeInsurance187,500 MXN
Claims Resolution SpecialistInsurance450,300 MXN
Claims SupervisorInsurance384,500 MXN
Complaints SpecialistInsurance378,300 MXN
Compliance ExaminerInsurance383,300 MXN
Compliance OfficerInsurance312,400 MXN
Compliance ReviewerInsurance390,000 MXN
ConsultantInsurance399,900 MXN
Eligibility InterviewerInsurance426,700 MXN
Eligibility SpecialistInsurance404,600 MXN
Insurance Account ManagerInsurance478,000 MXN
Insurance Accounts ExecutiveInsurance442,300 MXN
Insurance AdjusterInsurance367,200 MXN
Insurance AgentInsurance249,600 MXN
Insurance AnalystInsurance412,000 MXN
Insurance AppraiserInsurance389,200 MXN
Insurance Claims ClerkInsurance151,800 MXN
Insurance ExaminerInsurance382,600 MXN
Insurance InvestigatorInsurance371,100 MXN
Insurance ManagerInsurance684,900 MXN
Insurance Operations ManagerInsurance698,200 MXN
Insurance Policy Processing ClerkInsurance152,000 MXN
Insurance Pricing AssistantInsurance315,900 MXN
Insurance Program ManagerInsurance514,800 MXN
Insurance Project ManagerInsurance510,200 MXN
Insurance Quality Assurance AgentInsurance341,900 MXN
Insurance Sales AgentInsurance228,000 MXN
Insurance Sales DirectorInsurance639,100 MXN
Insurance Sales ManagerInsurance539,700 MXN
Insurance Sales RepresentativeInsurance208,600 MXN
Insurance Team LeaderInsurance436,200 MXN
Insurance UnderwriterInsurance301,800 MXN
Loss Control SpecialistInsurance378,800 MXN
Loss Prevention InvestigatorInsurance424,900 MXN
Loss Prevention ManagerInsurance558,300 MXN
Loss Prevention SpecialistInsurance424,900 MXN
Marine UnderwriterInsurance290,800 MXN
Medical AuditorInsurance403,100 MXN
Monitoring and Performance OfficerInsurance292,000 MXN
Payment Services SpecialistInsurance409,000 MXN
Policy Change DirectorInsurance618,800 MXN
Policy Change SupervisorInsurance442,300 MXN
Policy Change TechnicianInsurance187,300 MXN
Risk AnalystInsurance466,900 MXN
Risk Management DirectorInsurance759,300 MXN
Risk Management SupervisorInsurance510,200 MXN
Risk ManagerInsurance713,900 MXN
Title Insurance TypistInsurance327,300 MXN
Training ManagerInsurance424,900 MXN

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.

CityAverage Salary
Acapulco884,700 MXN
Acuna714,600 MXN
Aguascalientes893,500 MXN
Boca del Rio658,300 MXN
Buenavista724,000 MXN
Campeche698,200 MXN
Cancun938,700 MXN
Celaya810,500 MXN
Chalco659,200 MXN
Chetumal639,100 MXN
Chicoloapan649,700 MXN
Chihuahua919,700 MXN
Chilpancingo725,700 MXN
Chimalhuacan909,300 MXN
Cholula de Rivadabia688,900 MXN
Ciudad Apodaca854,300 MXN
Ciudad Juarez656,800 MXN
Ciudad Lopez Mateos870,700 MXN
Ciudad Obregon832,000 MXN
Ciudad Santa Catarina756,700 MXN
Ciudad Valles589,400 MXN
Ciudad Victoria765,100 MXN
Ciudad del Carmen658,300 MXN
Coacalco772,900 MXN
Coatzacoalcos699,700 MXN
Colima608,500 MXN
Cordoba602,700 MXN
Cuautitlan Izcalli821,500 MXN
Cuautla650,700 MXN
Cuernavaca840,800 MXN
Culiacan965,800 MXN
Delicias638,700 MXN
Durango840,800 MXN
Ecatepec de Morelos966,100 MXN
Ensenada782,500 MXN
Fresnillo619,800 MXN
General Escobedo848,200 MXN
Gomez Palacio778,500 MXN
Guadalajara938,700 MXN
Guadalupe932,800 MXN
Guaymas588,500 MXN
Hermosillo939,000 MXN
Hidalgo del Parral566,900 MXN
Iguala596,100 MXN
Irapuato823,400 MXN
Ixtapaluca807,900 MXN
Jiutepec689,900 MXN
La Paz747,400 MXN
Leon922,900 MXN
Los Mochis768,900 MXN
Los Reyes la Paz778,900 MXN
Manzanillo623,700 MXN
Matamoros864,700 MXN
Mazatlan852,600 MXN
Metepec725,700 MXN
Mexicali953,300 MXN
Mexico City987,200 MXN
Minatitlan566,900 MXN
Monclova747,400 MXN
Monterrey934,900 MXN
Morelia843,600 MXN
Naucalpan932,800 MXN
Navojoa592,200 MXN
Nezahualcoyotl978,900 MXN
Nogales672,600 MXN
Nuevo Laredo836,800 MXN
Oaxaca721,600 MXN
Ojo de Agua733,300 MXN
Orizaba580,600 MXN
Pachuca768,900 MXN
Piedras Negras658,300 MXN
Playa del Carmen610,100 MXN
Poza Rica674,100 MXN
Puebla1,012,100 MXN
Puerto Vallarta710,500 MXN
Queretaro899,900 MXN
Reynosa874,900 MXN
Salamanca638,700 MXN
Saltillo918,500 MXN
San Cristobal de las Casas714,600 MXN
San Juan del Rio623,700 MXN
San Luis Potosi918,600 MXN
San Luis Rio Colorado659,200 MXN
San Nicolas de los Garza874,500 MXN
San Pablo de las Salinas658,300 MXN
San Pedro Garza Garcia606,400 MXN
Soledad de Graciano Sanchez732,400 MXN
Tampico772,700 MXN
Tapachula680,100 MXN
Tehuacan721,600 MXN
Tepic768,900 MXN
Tijuana986,700 MXN
Tlalnepantla de Baz887,100 MXN
Tlaquepaque846,500 MXN
Toluca844,600 MXN
Tonala794,900 MXN
Torreon874,300 MXN
Tuxtla Gutierrez851,200 MXN
Uruapan751,700 MXN
Veracruz877,300 MXN
Villa Nicolas Romero800,200 MXN
Villahermosa791,200 MXN
Xalapa823,900 MXN
Xico829,000 MXN
Zacatecas637,500 MXN
Zamora de Hidalgo629,800 MXN
Zapopan966,100 MXN

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