As of August 01, 2026, the average salary for a Group Manager I Retail Banking in the United States is $122,500 per year, which breaks down to an hourly rate of $59.
However, a Group Manager I Retail Banking's salary can vary significantly. Here’s a look at the typical salary range:
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A Group Manager I 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 Manager I 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 |
|---|---|---|
| Group Manager I Retail Banking | 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 Manager I Retail Bankings. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Products and Services | 12.72% |
| Client Interaction | 4.02% |
| Client Service | 1.01% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
KPI
|
$151,900 |
24%
|
|
Budgeting
|
$149,450 |
22%
|
|
Logistics
|
$147,000 |
20%
|
|
Team Management
|
$145,775 |
19%
|
|
Verbal Communication
|
$143,325 |
17%
|
|
Customer Relationship
|
$139,650 |
14%
|
Group Manager I Retail Banking salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $132,356. While startup companies pay approximate $112,080.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $112,080 |
| Growth Stage | 51~500 | $118,525 |
| Established | 501~5000 | $127,835 |
| Enterprise | 5000+ | $132,356 |
For Group Manager I Retail Banking roles, the industry you choose can affect earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Edu., Gov't. & Nonprofit sectors offer the strongest compensation, at 20% above the average. In contrast, Group Manager I Retail Banking positions in Business Services or Insurance typically offer lower base pay, as these industries often view Group Manager I 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 | $147,000 | $71.0 | 20% |
| Edu., Gov't. & Nonprofit | $134,750 | $65.0 | 10% |
Your level of education can impact your salary potential. While many Group Manager I 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 Manager I Retail Banking with a Bachelor's Degree is between $111,897 and $121,097).
Group Manager I Retail Banking Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 9.8% |
| High School | 9.8% |
| Associates | 9.8% |
| Bachelors | 56.1% |
| Masters | 24.4% |
| Doctorate | 0.0% |
Understanding how a Group Manager I 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 Manager I 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 | 191% |
| Group Director Retail Banking | $168,200 | 37% |
Salaries for a Group Manager I Retail Banking can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $87,940 in 2023 to around $87,552 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Group Manager I Retail Banking salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $87,940 |
| 2024 | $88,024 |
| 2025 | $87,552 |
| 2026 |
View More
|
| 2027 |
View More
|
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The Financial Services industry offers the highest average compensation for Group Manager I Retail Banking roles, with salaries approximately 20% above the market median.
Retail managers in positions such as Group Manager in Retail Banking can earn significant salaries. The minimum salary for this role is $105,160, with a mid-range salary of $120,910 and a maximum salary reaching $143,120. These figures highlight the lucrative potential for retail management careers, especially in banking.
Some branch managers in retail banking may receive bonuses and commissions based on various performance metrics, such as sales referrals, branch growth, and customer satisfaction. The salary for a Group Manager in this sector ranges from $105,160 to $143,120, with a midpoint of $120,910, which may be supplemented by these performance-based incentives.
In the retail banking sector, Group Managers earn competitive salaries, with a minimum of $105,160, a mid-range salary of $120,910, and a maximum of $143,120. While retail store managers at companies like The Home Depot and Lowe's may earn higher, retail banking offers substantial compensation for managerial roles.
Retail managers in banking can earn significant salaries, with Group Managers typically making between $105,160 and $143,120. The average salary for this role is around $120,910, placing it among the higher-paying positions in retail management. Other lucrative roles include logistics, operations, and district managers, which also offer competitive compensation.
Group Managers in Retail Banking typically earn between $105,160 and $143,120 annually, with a median salary of $120,910. This range reflects the varying levels of experience and responsibility within the role, providing a competitive compensation structure in the industry.
The lowest salary for a Group Manager in Retail Banking is $105,160. This figure represents the minimum salary for this position, while the mid-range salary is $120,910 and the maximum salary can go up to $143,120, reflecting the varying levels of experience and responsibility within the role.
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