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How much does a Group Manager I Retail Banking make in Newark, NJ? The average Group Manager I Retail Banking salary in Newark, NJ is $132,100 as of March 26, 2024, but the range typically falls between $115,070 and $155,100. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

Group Manager I Retail Banking Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Group Manager I Retail Banking Salary $99,565 Newark,NJ March 26, 2024
25th Percentile Group Manager I Retail Banking Salary $115,070 Newark,NJ March 26, 2024
50th Percentile Group Manager I Retail Banking Salary $132,100 Newark,NJ March 26, 2024
75th Percentile Group Manager I Retail Banking Salary $155,100 Newark,NJ March 26, 2024
90th Percentile Group Manager I Retail Banking Salary $176,040 Newark,NJ March 26, 2024
25% $115,070 10% $99,565 90% $176,040 75% $155,100 $132,100 50%(Median) Didn’t find job title? Click
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Job Description

The Group Manager I Retail Banking establishes the strategy, specific goals, and performance levels required for each branch to meet the organizational objectives for the region. Manages the financial and service performance of a defined group of retail branches in a geographic area. Being a Group Manager I Retail Banking leads business development and promotional activities in the area and coaches branch managers in tactics to build customer relationships, increase sales, and enhance the bank's presence in the community. Monitors and analyzes financial and customer activity to understand needs, identify issues, and provide the tools and resources needed to achieve goals. In addition, Group Manager I Retail Banking typically requires a bachelor's degree. Typically reports to a director. The Group Manager I Retail Banking manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Working as a Group Manager I Retail Banking typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)

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Job Openings for Group Manager I Retail Banking in Newark, NJ
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  • Join a financial services firm where your contributions are valued. Edward Jones is a Fortune 500¹ company where people come first. With over 8 million cli...
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  • Join a financial services firm where your contributions are valued. Edward Jones is a Fortune 500¹ company where people come first. With over 8 million cli...
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  • Join a financial services firm where your contributions are valued. Edward Jones is a Fortune 500¹ company where people come first. With over 8 million cli...
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Career Path for this job

  1. This Job:

    Group Manager I Retail Banking

    5 + years experience
    Bachelor's Degree

  2. Up a level:

    Group Director Retail Banking


    Bachelor's Degree

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Understand the total compensation opportunity for a Group Manager I Retail Banking, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
115070
155100
132100

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
127240
182270
150660
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Group Manager I Retail Banking in Newark, NJ. The base salary for Group Manager I Retail Banking ranges from $115,070 to $155,100 with the average base salary of $132,100. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $127,240 to $182,270 with the average total cash compensation of $150,660.
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115070
155100

 

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About Newark, New Jersey    Newark (/ˈnjuːərk/,[24] locally /njʊərk/)[25] is the most populous city in the U.S. state of New Jersey and the seat of Essex County.[26] As one of th....More

Newark, New Jersey  area prices were up 1.6% from a year ago    View the Cost of Living in Newark, New Jersey

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