Banking Average Salaries in Cancun 2026
How much money does a person working in Banking make in Cancun?
LOW
13,300
MXN AVERAGE
42,500
MXN HIGH
86,800
MXN
A person working in Banking in Cancun typically earns around 42,500 MXN. Salaries range from 13,300 MXN (lowest average) to 86,800 MXN (highest average, actual maximum salary is higher).
Salary Variance
The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Banking domain in Cancun exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.
Salaries for specific jobs
| Job Title | Average Salary |
| Banking | |
| AML Analyst | 63,300 MXN |
| Assistant Bank Branch Manager | 54,000 MXN |
| Assistant Bank Manager | 72,200 MXN |
| ATM Manager | 56,000 MXN |
| ATM Service Technician | 15,600 MXN |
| Bank Accounts Analyst | 24,400 MXN |
| Bank Accounts Collector | 14,400 MXN |
| Bank Accounts Controller | 29,900 MXN |
| Bank Accounts Executive | 44,900 MXN |
| Bank Accounts Manager | 52,800 MXN |
| Bank Auditing Manager | 51,200 MXN |
| Bank Branch Manager | 72,600 MXN |
| Bank Branch Operations Coordinator | 32,100 MXN |
| Bank Clerk | 13,900 MXN |
| Bank Client Service Associate | 18,600 MXN |
| Bank Collector | 13,700 MXN |
| Bank Compliance Specialist | 38,600 MXN |
| Bank Manager | 85,300 MXN |
| Bank Operational Risk Manager | 83,700 MXN |
| Bank Operations Head | 84,800 MXN |
| Bank Operations Officer | 35,000 MXN |
| Bank Operations Specialist | 54,100 MXN |
| Bank Process Manager | 48,300 MXN |
| Bank Product Manager | 54,700 MXN |
| Bank Programme Manager | 58,900 MXN |
| Bank Project Manager | 67,800 MXN |
| Bank Propositions Manager | 59,500 MXN |
| Bank Quantitative Analyst | 40,600 MXN |
| Bank Regional Manager | 86,400 MXN |
| Bank Regional Risk Officer | 45,900 MXN |
| Bank Relationship Manager | 64,200 MXN |
| Bank Relationship Officer | 28,500 MXN |
| Bank Sustainability Analyst | 47,400 MXN |
| Bank Teller | 14,700 MXN |
| Banker | 28,800 MXN |
| Banking Business Analyst | 44,600 MXN |
| Banking Business Development Officer | 26,600 MXN |
| Banking Business Planning Executive | 62,400 MXN |
| Banking Data Analyst | 49,400 MXN |
| Banking Product Manager | 54,800 MXN |
| Banking Reference Data Manager | 45,700 MXN |
| Banking Regulatory Compliance Officer | 51,400 MXN |
| Banking Risk Analyst | 45,600 MXN |
| Banking Technical Analyst | 24,300 MXN |
| Bankruptcy Coordinator | 32,600 MXN |
| Bill and Account Collector | 15,100 MXN |
| Blockchain Analyst | 38,100 MXN |
| Blockchain Architect | 44,800 MXN |
| Blockchain Auditor | 40,200 MXN |
| Blockchain Compliance Analyst | 38,100 MXN |
| Blockchain Consultant | 40,500 MXN |
| Blockchain Trade Facilitator | 37,700 MXN |
| Budget Analyst | 45,100 MXN |
| Capital Risk Manager | 83,400 MXN |
| Cards Marketing Manager | 57,500 MXN |
| Cash Management Manager | 75,400 MXN |
| Check Processing Manager | 56,500 MXN |
| Chief Blockchain Officer | 49,400 MXN |
| Commercial Vault Associate | 44,900 MXN |
| Corporate Banker | 31,100 MXN |
| Corporate Dealer | 47,100 MXN |
| Credit Analyst | 35,400 MXN |
| Credit and Collections Manager | 62,300 MXN |
| Credit Card Fraud Investigator | 43,800 MXN |
| Credit Portfolio Manager | 86,000 MXN |
| Credit Risk Analyst | 50,300 MXN |
| Credit Risk Associate | 48,600 MXN |
| Cryptocurrency Accountant | 28,800 MXN |
| Cryptocurrency Adviser | 56,700 MXN |
| Cryptocurrency Analyst | 39,000 MXN |
| Cryptocurrency Compliance Manager | 49,100 MXN |
| Cryptocurrency Trader | 44,600 MXN |
| Digital Banking Manager | 60,300 MXN |
| Digital Currency Analyst | 42,900 MXN |
| Direct Bank Sales Representative | 30,500 MXN |
| Exchange Control Consultant | 44,500 MXN |
| Executive Account Analyst | 43,700 MXN |
| Financial Bank Planning Consultant | 58,300 MXN |
| Financial Banking Analysis Manager | 65,100 MXN |
| Financial Banking Assistant | 21,400 MXN |
| Financial Banking Systems Manager | 61,900 MXN |
| Foreign Exchange Manager | 67,200 MXN |
| Fraud Analyst | 44,900 MXN |
| Fraud Detection Associate | 30,500 MXN |
| Fraud Detection Manager | 65,500 MXN |
| Fraud Detection Supervisor | 37,400 MXN |
| Internal Bank Audit Manager | 80,300 MXN |
| Internal Bank Auditor | 43,300 MXN |
| Internal Private Banker | 30,800 MXN |
| International Banking Manager | 92,700 MXN |
| Investment Banking Analyst | 62,100 MXN |
| Loan Analyst | 41,800 MXN |
| Loan Area Manager | 56,000 MXN |
| Loan Audit Team Leader | 52,400 MXN |
| Loan Branch Manager | 47,600 MXN |
| Loan Business Development Officer | 26,100 MXN |
| Loan Clerk | 15,400 MXN |
| Loan Collection and Recovery Manager | 53,800 MXN |
| Loan Collection Manager | 53,000 MXN |
| Loan Collector | 14,900 MXN |
| Loan Examiner | 20,100 MXN |
| Loan Officer | 16,100 MXN |
| Loan Processing Manager | 45,500 MXN |
| Loan Processor | 19,300 MXN |
| Loan Quality Assurance Auditor | 44,000 MXN |
| Loan Quality Assurance Manager | 49,600 MXN |
| Loan Quality Assurance Representative | 33,500 MXN |
| Loan Review Manager | 51,300 MXN |
| Loan Team Leader | 46,500 MXN |
| Loans Manager | 61,300 MXN |
| Mortgage Advisor | 29,300 MXN |
| Mortgage Collection Manager | 50,200 MXN |
| Mortgage Collector | 14,200 MXN |
| Mortgage Credit Analyst | 23,400 MXN |
| Mortgage Credit Manager | 49,900 MXN |
| Mortgage Development Manager | 58,000 MXN |
| Mortgage Document Reviewer | 20,000 MXN |
| Mortgage Funding Manager | 54,500 MXN |
| Mortgage Operations Manager | 78,200 MXN |
| Mortgage Payment Processing Clerk | 17,500 MXN |
| Mortgage Processing Manager | 48,900 MXN |
| Mortgage Processor | 19,500 MXN |
| Mortgage Quality Assurance Auditor | 41,500 MXN |
| Mortgage Quality Assurance Manager | 48,200 MXN |
| Mortgage Servicing Clerk | 15,300 MXN |
| Mortgage Servicing Manager | 49,200 MXN |
| Mortgage Underwriter | 18,300 MXN |
| Online Banking Manager | 79,900 MXN |
| Open Banking Strategist | 45,100 MXN |
| Payment Processing Clerk | 14,900 MXN |
| Personal Banker | 31,700 MXN |
| Personal Banking Advisor | 31,600 MXN |
| Phone Banker | 21,200 MXN |
| Private Banker | 30,900 MXN |
| Reconciliation and Investigation Specialist | 35,400 MXN |
| Tax Officer | 27,500 MXN |
| Teller | 15,200 MXN |
| Trade Officer | 18,700 MXN |
| Trade Product Manager | 49,200 MXN |
| Trader | 20,900 MXN |
| Treasury Operations Officer | 37,600 MXN |
| Wealth Management Advisor | 65,900 MXN |
Banking Jobs Pay Scale and Salaries in Cancun
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries in Banking in Cancun range from 13,300 MXN (starting average salary) to 86,800 MXN (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.
Median Salary
The median income in the field of Banking is 37,400 MXN, implying that half of the workforce in Cancun earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.
Percentiles and Salary Scale
Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Banking in Cancun earn less than 27,900 MXN, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 46,000 MXN, while 25% earn more than that.
Pay Scale Structure
Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Banking in Cancun. The analysis revealed that roughly 65% of all reported salaries fell within the range of 18,800 MXN to 34,600 MXN. Approximately 20% of salaries were below the 18,800 MXN mark, while 10% ranged from 34,600 MXN to 41,800 MXN. Only 5% of individuals earned a gross salary of 41,800 MXN or higher.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage.
Generally speaking, employees in Banking in Cancun having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.
Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.
Salary Comparison By Education
How does the education level affect your salary?
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?
We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Banking in Cancun, below are our findings.
Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.
Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Mexico costs anywhere from 167,000 MXN to 500,000 MXN and lasts approximately two years. That is quite an investment.
Employees can't expect any salary increases during the study period, assuming they already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.
Salary and Compensation Comparison By Gender / Banking / Cancun
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Banking in Mexico, the average difference between the salary of male and female employees is 8%.
| Male | 38,200 MXN | |
| Female | -7% | 35,400 MXN |
Average Annual Salary Increment Percentage / Banking / Cancun
How much are annual salary increments in Cancun for individuals working in Banking? How often do employees get salary raises?
Professionals working in Banking in Mexico are likely to observe a salary increase of approximately 10% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Banking / Mexico
How much and how often are bonuses being awarded?
21% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 79% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
| Received Bonus | 79% | |
| No Bonus | 21% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Hourly Average Wage / Banking / Cancun
The average hourly wage (pay per hour) in Banking in Cancun is 250 MXN.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working in Banking in Cancun is 77 MXN. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary Comparison By City
| City | Average Salary |
| Acapulco | 42,600 MXN |
| Acuna | 36,300 MXN |
| Aguascalientes | 43,500 MXN |
| Boca del Rio | 32,100 MXN |
| Buenavista | 35,100 MXN |
| Campeche | 35,800 MXN |
| Cancun | 42,500 MXN |
| Celaya | 39,100 MXN |
| Chalco | 33,400 MXN |
| Chetumal | 32,800 MXN |
| Chicoloapan | 33,500 MXN |
| Chihuahua | 48,600 MXN |
| Chilpancingo | 34,700 MXN |
| Chimalhuacan | 42,200 MXN |
| Cholula de Rivadabia | 34,100 MXN |
| Ciudad Apodaca | 40,900 MXN |
| Ciudad del Carmen | 33,600 MXN |
| Ciudad Juarez | 33,400 MXN |
| Ciudad Lopez Mateos | 41,000 MXN |
| Ciudad Obregon | 38,600 MXN |
| Ciudad Santa Catarina | 37,600 MXN |
| Ciudad Valles | 31,200 MXN |
| Ciudad Victoria | 38,200 MXN |
| Coacalco | 37,800 MXN |
| Coatzacoalcos | 36,000 MXN |
| Colima | 31,800 MXN |
| Cordoba | 31,700 MXN |
| Cuautitlan Izcalli | 40,900 MXN |
| Cuautla | 32,200 MXN |
| Cuernavaca | 38,600 MXN |
| Culiacan | 44,100 MXN |
| Delicias | 31,000 MXN |
| Durango | 41,400 MXN |
| Ecatepec de Morelos | 49,600 MXN |
| Ensenada | 38,000 MXN |
| Fresnillo | 30,500 MXN |
| General Escobedo | 39,500 MXN |
| Gomez Palacio | 37,400 MXN |
| Guadalajara | 49,300 MXN |
| Guadalupe | 42,300 MXN |
| Guaymas | 29,900 MXN |
| Hermosillo | 43,200 MXN |
| Hidalgo del Parral | 29,500 MXN |
| Iguala | 30,600 MXN |
| Irapuato | 40,000 MXN |
| Ixtapaluca | 38,500 MXN |
| Jiutepec | 33,300 MXN |
| La Paz | 36,000 MXN |
| Leon | 49,200 MXN |
| Los Mochis | 37,600 MXN |
| Los Reyes la Paz | 37,200 MXN |
| Manzanillo | 31,300 MXN |
| Matamoros | 40,500 MXN |
| Mazatlan | 39,500 MXN |
| Merida | 43,300 MXN |
| Metepec | 35,400 MXN |
| Mexicali | 42,800 MXN |
| Mexico City | 49,600 MXN |
| Minatitlan | 29,800 MXN |
| Monclova | 35,500 MXN |
| Monterrey | 48,700 MXN |
| Morelia | 41,600 MXN |
| Naucalpan | 48,200 MXN |
| Navojoa | 29,500 MXN |
| Nezahualcoyotl | 48,400 MXN |
| Nogales | 34,900 MXN |
| Nuevo Laredo | 39,600 MXN |
| Oaxaca | 36,600 MXN |
| Ojo de Agua | 36,600 MXN |
| Orizaba | 30,100 MXN |
| Pachuca | 36,500 MXN |
| Piedras Negras | 32,400 MXN |
| Playa del Carmen | 32,700 MXN |
| Poza Rica | 33,900 MXN |
| Puebla | 49,400 MXN |
| Puerto Vallarta | 34,900 MXN |
| Queretaro | 42,000 MXN |
| Reynosa | 41,500 MXN |
| Salamanca | 33,100 MXN |
| Saltillo | 43,300 MXN |
| San Cristobal de las Casas | 34,200 MXN |
| San Juan del Rio | 31,500 MXN |
| San Luis Potosi | 42,700 MXN |
| San Luis Rio Colorado | 33,200 MXN |
| San Nicolas de los Garza | 40,200 MXN |
| San Pablo de las Salinas | 34,400 MXN |
| San Pedro Garza Garcia | 30,000 MXN |
| Soledad de Graciano Sanchez | 36,500 MXN |
| Tampico | 38,000 MXN |
| Tapachula | 34,500 MXN |
| Tehuacan | 36,400 MXN |
| Tepic | 38,800 MXN |
| Tijuana | 49,000 MXN |
| Tlalnepantla de Baz | 42,000 MXN |
| Tlaquepaque | 41,400 MXN |
| Toluca | 40,700 MXN |
| Tonala | 39,900 MXN |
| Torreon | 41,700 MXN |
| Tuxtla Gutierrez | 41,200 MXN |
| Uruapan | 37,100 MXN |
| Veracruz | 40,100 MXN |
| Villa Nicolas Romero | 37,700 MXN |
| Villahermosa | 39,300 MXN |
| Xalapa | 40,200 MXN |
| Xico | 39,000 MXN |
| Zacatecas | 30,700 MXN |
| Zamora de Hidalgo | 31,400 MXN |
| Zapopan | 48,900 MXN |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Mexico is 9% on average across all career fields.
| Private Sector | 32,000 MXN | |
| Public Sector | +9% | 34,800 MXN |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary in Banking in Cancun?
A good and competitive compensation would range anywhere between 37,400 MXN and 46,000 MXN. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for jobs in Banking in Cancun ranges from 13,300 MXN to 27,900 MXN. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios.