As of August 01, 2026, the average salary for a Group VP Retail Banking in the United States is $209,600 per year, which breaks down to an hourly rate of $101.
However, a Group VP Retail Banking's salary can vary significantly. Here’s a look at the typical salary range:
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A Group VP 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 VP 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 VP Retail Bankings. For example, consider the average annual salaries in these key locations:
Group VP Retail Banking salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $226,465. While startup companies pay approximate $191,771.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $191,771 |
| Growth Stage | 51~500 | $202,799 |
| Established | 501~5000 | $218,728 |
| Enterprise | 5000+ | $226,465 |
For Group VP Retail Banking roles, the industry you choose can affect earning potential by as much as 100% (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 VP Retail Banking positions in Retail & Wholesale or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Group VP 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 | $293,440 | $141.0 | 40% |
| Insurance | $251,520 | $121.0 | 20% |
| Business Services | $230,560 | $111.0 | 10% |
Understanding how a Group VP 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, 2026Salaries for a Group VP Retail Banking can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $184,447 in 2023 to around $183,463 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Group VP Retail Banking salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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| 2023 | $184,447 |
| 2024 | $186,630 |
| 2025 | $183,463 |
| 2026 |
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| 2027 |
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The Financial Services industry offers the highest average compensation for Group VP Retail Banking roles, with salaries approximately 40% above the market median.
The estimated total pay for a Group VP Retail Banking ranges from $193,900 to $288,500 per year, with a mid-salary of $231,700. These figures reflect the salary range for this position, providing a clear overview of potential earnings in the retail banking sector.
The salary for a Group VP of Retail Banking ranges from $193,900 to $288,500 annually, with a midpoint of $231,700. This translates to an approximate hourly rate of $111 to $138, a monthly salary of about $16,158 to $24,041, and a weekly pay of around $3,733 to $5,577.
The estimated total pay range for a Group VP in Retail Banking is between $193,900 and $288,500 per year, with a mid-salary of $231,700. This figure includes base salary and potential additional compensation.
Group Vice Presidents in Retail Banking at Bank of America can expect a salary range from $193,900 to $288,500, with a midpoint of $231,700. This reflects the competitive compensation for such roles, significantly higher than the average pay for VPs in other areas.
The estimated total pay range for a Group VP in Retail Banking is $193,900 to $288,500 per year, which includes base salary and additional compensation. The average base salary for this position is approximately $231,700 per year.
Group Vice Presidents in Retail Banking typically earn between $193,900 and $288,500 annually, with a median salary of $231,700. While specific salaries at Chase may vary, this range provides a general idea of compensation for similar roles in the industry.
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.)
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