Average Teller Salary in Guyana for 2024

In this article, we will look at the average Teller 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 a Teller Make in Guyana?

A Teller working in Guyana will typically earn around 803,400 GYD per year, and this can range from the lowest average salary of about 369,900 GYD to the highest average salary of 1,283,600 GYD.

Average Annual Salary
803,400 GYD
Average Monthly Salary
66,950 GYD

Lowest Annual Salary
369,900 GYD
Lowest Monthly Salary
30,825 GYD

Highest Annual Salary
1,283,600 GYD
Highest Monthly Salary
106,966 GYD

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

Teller 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 Teller Salaries in Guyana

So we've looked at the average salaries a Teller will earn in Guyana. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Teller can earn between 369,900 GYD and 1,283,600 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 a Teller in Guyana is 868,400 GYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 868,400 GYD, and 50% of the population earn more than 868,400 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 Teller salary in Guyana, 25% of the population are earning less than 559,000 GYD while 75% of the population earn more than 559,000 GYD.

75% of the population earn less than 1,161,000 GYD, and 25% of the population earn more than 1,161,000 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.

Teller 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 teller 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 Teller in Guyana that has less than two years of experience can expect to earn somewhere in the region of 421,400 GYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Teller salary would increase to 562,200 GYD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Teller, the average salary would be 829,000 GYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,011,500 GYD.
  • 15 - 20 Years Experience. A Teller with 15 to 20 years of experience can earn an average of 1,102,900 GYD.
  • 20+ Years Experience. For a Teller with more than 20 years, the expected average salary increases to 1,192,500 GYD.

Average Salary by Experience Chart

0-2 Years
421,400 GYD
2-5 Years +34%
562,200 GYD
5-10 Years +48%
829,000 GYD
10-15 Years +22%
1,011,500 GYD
15-20 Years +9%
1,102,900 GYD
20+ Years +8%
1,192,500 GYD

Teller 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 a Teller in Guyana based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Teller in Guyana with a high school education can earn an average salary of 478,000 GYD.

  • Certificate or Diploma. A Teller in Guyana with a certificate or diploma education can earn an average salary of 751,700 GYD.

  • Bachelor's Degree. A Teller in Guyana with a bachelor's degree education can earn an average salary of 1,259,300 GYD.

Average Salary by Education Chart

High School
478,000 GYD
Certificate or Diploma +57%
751,700 GYD
Bachelor's Degree +68%
1,259,300 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.

Teller 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 teller will earn an average of 851,200 GYD, while a female teller will earn around 758,700 GYD.

This means that a male teller earns approximately 12% more than a female teller for performing the same job.

Average Salary by Gender Chart in Guyana

Male
851,200 GYD
Female -12%
758,700 GYD

Teller 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 a Teller in Guyana is around 6% every 28 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 = ( 6 ÷ 28 ) × 12  = 3%

What this means is that a Teller in Guyana can expect to receive an average pay raise of around 3% 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%

Teller 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.

A Teller is a low bonus based job, with 15% of employees reporting at least one bonus in the last 12 months.

85% 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 0% to 4%.

Received Bonus
15%
No Bonus
85%

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 a Teller

In the table below, we have salary information for jobs that are similar to a Teller in Guyana.

Job Title Category Salary
Account Examiner Accounting and Finance 1,077,700 GYD
Account Executive Accounting and Finance 1,765,300 GYD
Accountant Accounting and Finance 1,333,900 GYD
Accounting Analyst Accounting and Finance 1,741,800 GYD
Accounting Assistant Accounting and Finance 1,032,800 GYD
Accounting Associate Accounting and Finance 988,600 GYD
Accounting Clerk Accounting and Finance 854,300 GYD
Accounting Coordinator Accounting and Finance 1,296,900 GYD
Accounting Head Accounting and Finance 2,794,600 GYD
Accounting Manager Accounting and Finance 3,132,800 GYD
Accounting Officer Accounting and Finance 1,043,700 GYD
Accounting Specialist Accounting and Finance 1,896,700 GYD
Accounting Supervisor Accounting and Finance 1,858,200 GYD
Accounting Technician Accounting and Finance 1,016,300 GYD
Accounting Unit Controller Accounting and Finance 2,352,500 GYD
Accounts Executive Accounting and Finance 1,858,200 GYD
Accounts Officer Accounting and Finance 1,088,800 GYD
Accounts Payable and Receivable Specialist Accounting and Finance 1,380,400 GYD
Accounts Payable Assistant Accounting and Finance 1,160,900 GYD
Accounts Payable Associate Accounting and Finance 1,235,600 GYD
Accounts Payable Clerk Accounting and Finance 1,088,800 GYD
Accounts Payable Manager Accounting and Finance 2,868,600 GYD
Accounts Receivable Administrator Accounting and Finance 2,065,400 GYD
Accounts Receivable Clerk Accounting and Finance 1,074,600 GYD
Accounts Receivable Financial Analyst Accounting and Finance 2,038,500 GYD
Accounts Receivable Manager Accounting and Finance 2,782,600 GYD
Accounts Receivable Team Leader Accounting and Finance 2,015,600 GYD
Assistant Accountant Accounting and Finance 1,058,800 GYD
Assistant Accounting Manager Accounting and Finance 2,519,500 GYD
Assistant Auditor Accounting and Finance 1,476,700 GYD
Assistant Corporate Controller Accounting and Finance 1,955,300 GYD
Assistant Finance Manager Accounting and Finance 2,902,500 GYD
Assistant Financial Controller Accounting and Finance 1,967,000 GYD
Audit Director Accounting and Finance 3,359,900 GYD
Audit Supervisor Accounting and Finance 2,533,800 GYD
Auditing Clerk Accounting and Finance 1,088,800 GYD
Auditing Manager Accounting and Finance 2,794,600 GYD
Billing Clerk Accounting and Finance 1,078,200 GYD
Billing Coordinator Accounting and Finance 1,273,300 GYD
Billing Specialist Accounting and Finance 1,487,200 GYD
Billing Supervisor Accounting and Finance 2,230,100 GYD
Bookkeeper Accounting and Finance 953,200 GYD
Bookkeeping Specialist Accounting and Finance 1,391,600 GYD
Budget Analyst Accounting and Finance 2,471,700 GYD
Budget Manager Accounting and Finance 2,941,000 GYD
Business Support Analyst Accounting and Finance 1,655,500 GYD
Capital Markets Associate Accounting and Finance 2,161,200 GYD
Cash Flow Analyst Accounting and Finance 2,136,200 GYD
Cash Management Manager Accounting and Finance 2,782,600 GYD
Cash Management Officer Accounting and Finance 1,606,100 GYD
Cashbook Clerk Accounting and Finance 955,800 GYD
Chartered Accountant Accounting and Finance 1,765,300 GYD
Chief Accountant Accounting and Finance 2,003,200 GYD
Collections Clerk Accounting and Finance 874,500 GYD
Collections Representative Accounting and Finance 1,273,300 GYD
Collections Specialist Accounting and Finance 1,510,400 GYD
Corporate Controller Accounting and Finance 2,254,400 GYD
Corporate Treasurer Accounting and Finance 2,831,100 GYD
Cost Accountant Accounting and Finance 1,380,400 GYD
Cost Accounting Manager Accounting and Finance 2,914,600 GYD
Cost Accounting Supervisor Accounting and Finance 2,197,700 GYD
Cost Analyst Accounting and Finance 2,327,100 GYD
Credit and Collection Manager Accounting and Finance 2,844,200 GYD
Credit and Collection Staff Accounting and Finance 1,102,100 GYD
Credit and Loans Officer Accounting and Finance 1,045,100 GYD
Credit Controller Accounting and Finance 1,967,000 GYD
Credit Manager Accounting and Finance 2,998,500 GYD
Debt Adviser Accounting and Finance 2,362,300 GYD
Debt Collector Accounting and Finance 1,141,600 GYD
Debtors Clerk Accounting and Finance 1,011,500 GYD
Debtors Controller Accounting and Finance 1,043,700 GYD
Deputy CFO Accounting and Finance 3,850,500 GYD
Deputy Head of Finance Accounting and Finance 3,805,100 GYD
Derivative Trader Accounting and Finance 2,314,800 GYD
Director of Finance Accounting and Finance 4,079,300 GYD
Economist Accounting and Finance 3,217,900 GYD
Equity Analyst Accounting and Finance 2,605,500 GYD
Escrow Assistant Accounting and Finance 1,273,300 GYD
Executive Accountant Accounting and Finance 1,570,900 GYD
External Auditor Accounting and Finance 2,065,400 GYD
Finance Administrator Accounting and Finance 1,583,700 GYD
Finance Analyst Accounting and Finance 2,533,800 GYD
Finance Associate Accounting and Finance 1,168,300 GYD
Finance Director Accounting and Finance 4,355,800 GYD
Finance Executive Accounting and Finance 3,132,800 GYD
Finance Licensing Clerk Accounting and Finance 975,700 GYD
Finance Licensing Manager Accounting and Finance 2,831,100 GYD
Finance Licensing Specialist Accounting and Finance 1,594,500 GYD
Finance Manager Accounting and Finance 4,102,700 GYD
Finance Officer Accounting and Finance 1,417,600 GYD
Finance President Accounting and Finance 4,332,900 GYD
Finance Relationship Manager Accounting and Finance 3,217,900 GYD
Finance Release Analyst Accounting and Finance 1,655,500 GYD
Finance Specialist Accounting and Finance 2,411,500 GYD
Finance Team Leader Accounting and Finance 3,229,900 GYD
Financial Accountant Accounting and Finance 1,405,700 GYD
Financial Actuary Accounting and Finance 2,161,200 GYD
Financial Administrator Accounting and Finance 2,230,100 GYD
Financial Advisor Accounting and Finance 2,629,100 GYD
Financial Analyst Accounting and Finance 2,447,200 GYD
Financial Applications Specialist Accounting and Finance 1,751,700 GYD
Financial Assistant Accounting and Finance 1,116,700 GYD
Financial Associate Accounting and Finance 1,162,300 GYD
Financial Associate Accounting and Finance 1,369,700 GYD
Financial Claims Analyst Accounting and Finance 1,858,200 GYD
Financial Claims Manager Accounting and Finance 2,435,600 GYD
Financial Claims Supervisor Accounting and Finance 2,242,500 GYD
Financial Clerk Accounting and Finance 1,104,400 GYD
Financial Commercial Analyst Accounting and Finance 1,967,000 GYD
Financial Compliance Analyst Accounting and Finance 2,230,100 GYD
Financial Consultant Accounting and Finance 1,858,200 GYD
Financial Controller Accounting and Finance 2,146,100 GYD
Financial Controller Accounting and Finance 2,184,900 GYD
Financial Coordinator Accounting and Finance 1,283,600 GYD
Financial Customer Service Manager Accounting and Finance 2,617,900 GYD
Financial Dealer and Broker Accounting and Finance 1,476,700 GYD
Financial Director Accounting and Finance 4,006,500 GYD
Financial Encoder Accounting and Finance 1,192,500 GYD
Financial Manager Accounting and Finance 3,769,500 GYD
Financial Manager Accounting and Finance 3,959,700 GYD
Financial Operations Manager Accounting and Finance 3,503,800 GYD
Financial Policy Analyst Accounting and Finance 2,207,600 GYD
Financial Project Manager Accounting and Finance 3,023,200 GYD
Financial Quantitative Analyst Accounting and Finance 2,460,900 GYD
Financial Reporting Consultant Accounting and Finance 2,052,200 GYD
Financial Reporting Manager Accounting and Finance 2,724,700 GYD
Financial Section Head Accounting and Finance 2,698,900 GYD
Financial Services Manager Accounting and Finance 3,577,600 GYD
Financial Services Sales Agent Accounting and Finance 1,560,800 GYD
Fixed Assets Administrator Accounting and Finance 1,428,800 GYD
Forensic Accountant Accounting and Finance 1,621,400 GYD
Fraud Detection Supervisor Accounting and Finance 1,751,700 GYD
Fraud Prevention Manager Accounting and Finance 2,878,300 GYD
Fund Accountant Accounting and Finance 1,333,900 GYD
Grants Coordinator Accounting and Finance 1,014,700 GYD
Group Financial Manager Accounting and Finance 4,129,300 GYD
Internal Auditor Accounting and Finance 1,955,300 GYD
Internal Control Adviser Accounting and Finance 2,230,100 GYD
Internal Control Officer Accounting and Finance 1,224,800 GYD
International Tax Director Accounting and Finance 3,312,100 GYD
Inventory Accountant Accounting and Finance 1,547,500 GYD
Investment Advisor Accounting and Finance 3,718,600 GYD
Investment Analyst Accounting and Finance 2,724,700 GYD
Investment Associate Accounting and Finance 2,374,400 GYD
Investment Broker Accounting and Finance 2,304,300 GYD
Investment Fund Manager Accounting and Finance 3,132,800 GYD
Investment Operations Manager Accounting and Finance 3,035,200 GYD
Investment Underwriter Accounting and Finance 1,184,200 GYD
Investor Accounting and Finance 1,846,200 GYD
Investor Relations Manager Accounting and Finance 2,854,700 GYD
KYC Team Leader Accounting and Finance 2,617,900 GYD
Loan Processor Accounting and Finance 1,159,000 GYD
Management Accountant Accounting and Finance 1,594,500 GYD
Management Economist Accounting and Finance 3,299,800 GYD
Paymaster Accounting and Finance 1,099,800 GYD
Payroll Administrator Accounting and Finance 1,921,500 GYD
Payroll Benefits Coordinator Accounting and Finance 1,632,100 GYD
Payroll Billing Manager Accounting and Finance 2,676,200 GYD
Payroll Clerk Accounting and Finance 1,259,300 GYD
Payroll Manager Accounting and Finance 2,641,300 GYD
Payroll Officer Accounting and Finance 1,259,300 GYD
Payroll Specialist Accounting and Finance 1,500,800 GYD
Payroll Supervisor Accounting and Finance 1,825,000 GYD
Pensions Administrator Accounting and Finance 1,500,800 GYD
Personal Financial Advisor Accounting and Finance 2,052,200 GYD
Pricing Analyst Accounting and Finance 2,389,200 GYD
Private Equity Analyst Accounting and Finance 2,508,300 GYD
Project Accountant Accounting and Finance 1,440,700 GYD
Proposal Development Coordinator Accounting and Finance 1,259,300 GYD
Receivables Accountant Accounting and Finance 1,249,900 GYD
Regulatory Accountant Accounting and Finance 1,476,700 GYD
Retirement Plan Analyst Accounting and Finance 2,254,400 GYD
Revenue Management Specialist Accounting and Finance 2,339,200 GYD
Revenue Recognition Analyst Accounting and Finance 2,533,800 GYD
Risk Management Director Accounting and Finance 3,349,100 GYD
Risk Management Supervisor Accounting and Finance 2,734,500 GYD
Staff Accountant Accounting and Finance 1,357,900 GYD
Tax Accountant Accounting and Finance 1,380,400 GYD
Tax Administrator Accounting and Finance 1,510,400 GYD
Tax Advisor Accounting and Finance 2,124,400 GYD
Tax Analyst Accounting and Finance 2,110,600 GYD
Tax Associate Accounting and Finance 1,224,800 GYD
Tax Consultant Accounting and Finance 2,184,900 GYD
Tax Director Accounting and Finance 3,144,700 GYD
Tax Examiner Accounting and Finance 1,464,200 GYD
Tax Manager Accounting and Finance 2,794,600 GYD
Tax Research Manager Accounting and Finance 2,782,600 GYD
Treasury Accountant Accounting and Finance 1,476,700 GYD
Treasury Analyst Accounting and Finance 2,374,400 GYD
Underwriter Accounting and Finance 1,030,200 GYD
Underwriting Assistant Accounting and Finance 962,300 GYD
Vice President of Finance Accounting and Finance 3,889,500 GYD

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