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Group Manager I Retail Banking Salary in Virginia

How much does a Group Manager I Retail Banking make in Virginia?

As of September 01, 2026, the average salary for a Group Manager I Retail Banking in Virginia is $123,380 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:

  • Top Earners (90th percentile): $139,275
  • Majority Range (25th-75th percentile): $113,040 to $131,700
  • Entry-Level (10th percentile): $103,626

Key Factors That Influence Group Manager I Retail Banking Salaries

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 geographic location and company size can directly affect your earning potential.

Top Paying Cities for Group Manager I Retail Bankings

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • Ivanhoe: $113,470
  • Lambsburg: $113,710
  • Laurel Fork: $113,830

Group Manager I Retail Banking Salary by Company Size: Startups vs. Enterprise

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 $133,297. While startup companies pay approximate $112,828.

Group Manager I Retail Banking Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $112,828
Growth Stage 51~500 $119,332
Established 501~5000 $128,722
Enterprise 5000+ $133,297

Group Manager I Retail Banking Salary by Industry: Top Paying Sectors

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.

The top paying industries for a Group Manager I Retail Banking

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$148,056$71.020%
Edu., Gov't. & Nonprofit$135,718$65.010%

Group Manager I Retail Banking Salary: Hourly Rate, Weekly Pay, and Monthly Pay

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 September 01, 2026
$113,040
Average $123,380/year
$131,700
$9,420
Average $10,282/month
$10,975
$2,174
Average $2,373/week
$2,533
$54
Average $59/hour
$63
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $131,700 $10,975 $2,533 $63
Average $123,380 $10,282 $2,373 $59
25th Percentile $113,040 $9,420 $2,174 $54

Group Manager I Retail Banking Salary Growth & Career Path

Promotions 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.

Group Manager I Retail Banking Salary Growth and Career Path
Next Step Role Estimate Salary Projected Raise
Head of Retail Banking $333,940 171%
Group Director Retail Banking $169,400 37%

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Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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