Mercantil Bank Salary

Mercantil Bank Salary

How much does the Mercantil Bank Pay for employees?

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As of August 2026, the average annual salary for employees at Mercantil Bank in the United States is $86,399. This translates to an approximate hourly wage of $42. Salaries at Mercantil Bank typically range from $75,782 to $97,905 annually, reflecting the diverse roles and experience levels within the company. Mercantil Bank’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Mercantil Bank

Ready for your next career move? Explore current job openings at Mercantil Bank. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Mercantil Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Mercantil Bank’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Mercantil Bank
Financial Services
The CODEX Foundation
Bptp Future Holdings LLC
Industry Comparison
Our data shows that, on average, compensation at Mercantil Bank is below the average for the U.S. Financial Services industry by approximately 29%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Mercantil Bank average annual salary with several similar companies. Mercantil Bank average salary of $86,399 is lower than The CODEX Foundation, which has an average salary of $104,246. It is lower than Bptp Future Holdings LLC, with their average salary at $100,037. This places Mercantil Bank in a developing position among its peers.
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How Mercantil Bank's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Mercantil Bank. Click a company name to learn more.

Employee Reviews: Working at Mercantil Bank

Considering a career at Mercantil Bank? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Everyone is willing to lend a hand or share expertise, which cultivates a positive and highly productive atmosphere. Flexible hours and remote work options enhance work-life balance. Flexible work arrangements help maintain work-life balance. Client satisfaction and employee support prioritized.
Commented in April 27, 2025
21
1
With employees across multiple divisions, there are endless opportunities to learn and advance. Clients rely on our expertise, and employees take pride in delivering results. Technology supports rather than hinders interactions. The workload varies but generally remains manageable. Regular training programs enhance skills and knowledge. The best part of working here is the constant encouragement t...
Commented in March 24, 2025
41
1
The company culture actively promotes inclusivity and celebrates diverse perspectives, making it a welcoming place for everyone. Quality matters more than rigid policies. Supportive management and consistent feedback have made a difference in my growth.
Commented in March 17, 2024
31
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Mercantil Bank Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
<25 employees
Industry
Financial Services
Headquarter Address
800 NW 62nd St Fort Lauderdale Florida FL 33309
Revenue
<$5 Million
Phone Number
+1 9546780300
Social Media
About Mercantil Bank
Mercantil Bank is a company that operates in the Financial Services industry. It employs 6-10 people and has $0M-$1M of revenue. The company is headquartered in Fort Lauderdale, Florida.

What Benefits Does Mercantil Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Mercantil Bank offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Fort Lauderdale?

Understanding the cost of living near Fort Lauderdale is key to truly evaluating a salary offer or your current compensation at Mercantil Bank.
Fort Lauderdale's Cost of Living Index is approximately 116.3 (16.3% more expensive than US average; 12.8% more than FL average). South FL coastal city, 'Venice of America', high housing costs, boating culture. Broward County Transit, Water Taxi, Brightline. When planning your budget based on a salary from Mercantil Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,800 - $2,700+ A significant portion of Mercantil Bank salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (BCT monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $440 - $660 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $830+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,330 - $5,220+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Mercantil Bank

1. What is the average salary for employees at Mercantil Bank?

The average annual total compensation for employees at Mercantil Bank is approximately $86,399. However, this is an aggregate figure, actual salaries can range significantly, typically from $75,782 to $97,905, depending on factors like job role, experience, and location.

2. How much does Mercantil Bank pay compared to The CODEX Foundation?

The average annual salary at Mercantil Bank is $86,399, or an hourly wage of $42, in comparison to The CODEX Foundation which pays $104,246 per year or $50 per hour.

3. How does having a professional certification impact salary for relevant roles at Mercantil Bank?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Mercantil Bank for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does Mercantil Bank offer cost-of-living adjustments (COLA) for employees in high-cost areas like Fort Lauderdale?

While some companies offer formal COLA, many, including potentially Mercantil Bank, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

5. What's the typical process for salary reviews and raises at Mercantil Bank?

Most companies, likely including Mercantil Bank, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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