As of August 01, 2026, the average salary for a Group Manager I Retail Banking in New Mexico is $113,460 per year, which breaks down to an hourly rate of $55.
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, 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 | $113,459 |
| Group Director Retail Banking | 0-0 years | $155,740 |
| Group VP Retail Banking | 0-0 years | $194,073 |
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:
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 $122,589. While startup companies pay approximate $103,809.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $103,809 |
| Growth Stage | 51~500 | $109,778 |
| Established | 501~5000 | $118,401 |
| Enterprise | 5000+ | $122,589 |
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 | $136,152 | $65.0 | 20% |
| Edu., Gov't. & Nonprofit | $124,806 | $60.0 | 10% |
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 | $329,740 | 191% |
| Group Director Retail Banking | $155,800 | 37% |
Ready to take the next step in your career? Browse thousands of current Group Manager I Retail Banking job openings on our job board. Use the search bar below to find your perfect match.
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