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VP of Retail Banking Salary in Minneapolis, MN

How much does a VP of Retail Banking make in Minneapolis, MN?

As of October 01, 2026, the average salary for a VP of Retail Banking in Minneapolis, MN is $346,597 per year, which breaks down to an hourly rate of $167.

However, a VP of Retail Banking's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $401,512
  • Majority Range (25th-75th percentile): $299,799 to $375,341
  • Entry-Level (10th percentile): $257,192
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence VP of Retail Banking Salaries

A VP of 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, skills and company size can directly affect your earning potential.

How Experience Level Affects VP of Retail Banking Salaries?

Experience is a primary driver of a VP of 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:

  • Assistant Branch Manager II (3-5 years): $70,262
  • Branch Manager (5+ years): $82,470
  • Regional Retail Banking President (5+ years): $240,994
  • VP of Branch Administration (5+ years): $297,775
  • VP of Retail Banking (5+ years): $346,597
Job Role Years of Experience Average Salary
Assistant Branch Manager II3-5 years$70,262
Branch Manager5+ years$82,470
Regional Retail Banking President5+ years$240,994
VP of Branch Administration5+ years$297,775
VP of Retail Banking5+ years$346,597
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Top Paying Cities for VP of 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:

  • San Jose: $418,498
  • San Francisco: $413,916
  • Oakland: $405,193

What Skills Can Increase a VP of Retail Banking's Salary?

Demanded Skills for the Role:

  • Results Oriented (Mentioned in 20% Job Postings): An individual or organization that focuses on outcome rather than process used to produce a product or deliver a service.
  • Inventory Management (Mentioned in 20% Job Postings): Overseeing and controlling supplies and stock to ensure that an organization maintains an adequate stock quantity.
  • Omnichannel (Mentioned in 20% Job Postings): Omnichannel (also spelled omni-channel) is a multichannel approach to sales that seeks to provide customers with a seamless shopping experience
Skills Demand Percentage
Results Oriented 20%
Inventory Management 20%
Omnichannel 20%
See More Skills

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a VP of Retail Banking's salary.

  • Results Oriented: Can increase your salary by up to 7%.
Skill Salary Salary % Increase
Results Oriented $370,859
7%
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VP of Retail Banking Salary by Company Size: Startups vs. Enterprise

VP of Retail Banking salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $376,089. While startup companies pay approximate $318,269.

VP of Retail Banking Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $318,269
Growth Stage 51~500 $336,621
Established 501~5000 $363,090
Enterprise 5000+ $376,089

VP of Retail Banking Salary by Industry: Top Paying Sectors

For VP of Retail Banking roles, the industry you choose can impact your earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 10% above the average. Conversely, VP of Retail Banking positions in Business Services typically offer lower base pay, as this sector often view VP of Retail Banking as a support function rather than a direct revenue driver.

The top paying industry for a VP of Retail Banking

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$364,979$175.010%

VP of Retail Banking Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a VP of 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 October 01, 2026
$299,799
Average $346,597/year
$375,341
$24,983
Average $28,883/month
$31,278
$5,765
Average $6,665/week
$7,218
$144
Average $167/hour
$180
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $375,341 $31,278 $7,218 $180
Average $346,597 $28,883 $6,665 $167
25th Percentile $299,799 $24,983 $5,765 $144

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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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