As of August 01, 2026, the average salary for a Group Director Retail Banking in the United States is $168,200 per year, which breaks down to an hourly rate of $81.
However, a Group Director Retail Banking's salary can vary significantly. Here’s a look at the typical salary range:
Compensation Planning
Develop a Job Description
Pay Equity
2026 Compensation Trend
AI Onboarding
Smart Recruiting
A Group Director Retail Banking's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education, and company size can directly affect your earning potential.
Experience is a primary driver of a Group Director Retail Banking's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Branch Cluster Manager I | 0-0 years | $122,499 |
| Group Director Retail Banking | 0-0 years | $168,149 |
| Group VP Retail Banking | 0-0 years | $209,537 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Group Director Retail Bankings. For example, consider the average annual salaries in these key locations:
Group Director Retail Banking salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $181,734. While startup companies pay approximate $153,892.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $153,892 |
| Growth Stage | 51~500 | $162,742 |
| Established | 501~5000 | $175,525 |
| Enterprise | 5000+ | $181,734 |
For Group Director Retail Banking roles, the industry you choose can affect earning potential by as much as 80% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Insurance sectors offer the strongest compensation, at 40% above the average. In contrast, Group Director Retail Banking positions in Retail & Wholesale or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Group Director Retail Banking as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $235,480 | $113.0 | 40% |
| Insurance | $218,660 | $105.0 | 30% |
Your level of education can impact your salary potential. While many Group Director Retail Bankings enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Group Director Retail Banking with a Bachelor's Degree is between $175,748 and $188,933).
Group Director Retail Banking Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 64.3% |
| High School | 35.7% |
| Associates | 0.0% |
| Bachelors | 64.3% |
| Masters | 35.7% |
| Doctorate | 0.0% |
Understanding how a Group Director Retail Banking's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on August 01, 2026Promotions are the fastest way to increase your earnings. As a Group Director Retail Banking, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Head of Retail Banking | $356,010 | 112% |
| Group VP Retail Banking | $209,600 | 25% |
Salaries for a Group Director Retail Banking can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $149,822 in 2023 to around $148,279 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Group Director Retail Banking salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $149,822 |
| 2024 | $150,064 |
| 2025 | $148,279 |
| 2026 |
View More
|
| 2027 |
View More
|
If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.
Compensation PlanningHere are companies hiring for Group Director Retail Banking and their salaries, click below for more details.
Ready to take the next step in your career? Browse thousands of current Group Director Retail Banking job openings on our job board. Use the search bar below to find your perfect match.
Get a Salary Increase
Analyze the market and your qualifications to negotiate your salary with confidence.
Search Job Openings
Search thousands of open positions to find your next opportunity.
Adjust Employee Salary
Individualize employee pay based on unique job requirements and personal qualifications.
Price My Industry Jobs
Get the latest market price for benchmark jobs and jobs in your industry.
The Financial Services industry offers the highest average compensation for Group Director Retail Banking roles, with salaries approximately 40% above the market median.
Directors typically focus on the overall goals of the company or department, guiding strategic initiatives and long-term planning. In contrast, managers concentrate on the day-to-day tasks their teams must complete to achieve those goals. In the retail banking sector, a Group Director's salary ranges from $163,200 to $210,900, reflecting their higher level of responsibility.
Generally, managers earn between $40,000 and $112,000. In contrast, Group Directors in Retail Banking have a salary range of $163,200 to $210,900, with a median salary of $187,700. This indicates that a director typically earns significantly more than a manager, with a potential difference of over $50,000 at the minimum and exceeding $100,000 at the maximum.
The VP of Retail Banking acts as the Bank Security Officer, engaging regularly with the management team and customers, and occasionally with vendors and regulators. This role involves handling confidential customer information and cash. The salary for this position ranges from $163,200 to $210,900, with a midpoint of $187,700.
The salary for a Group Director in Retail Banking typically ranges from $163,200 to $210,900, with a mid-point of $187,700. In comparison, recent data for Managing Directors at Bank of America shows salaries can be significantly higher, with some earning between $239,000 and over $540,000, depending on experience and location.
In banking, the titles of Director and VP can vary by organization. Typically, a Group Director in Retail Banking earns between $163,200 and $210,900, with a mid-salary of $187,700. While a Senior VP may also be referred to as a director, the hierarchy often places the VP above the director level, depending on the specific structure of the institution.
The average annual pay for a Group Director of Retail Banking ranges from $163,200 to $210,900, with a mid-salary of approximately $187,700. This translates to an hourly rate between $78 and $101, a monthly salary ranging from $13,600 to $17,575, and a weekly pay of about $3,150 to $4,000.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
Salary.com's CompAnalyst platform offers:
