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As of August 01, 2026, the average salary for a Banking Manager in Michigan is $143,094 per year, which breaks down to an hourly rate of $69.
However, a Banking Manager's salary can vary significantly. Here’s a look at the typical salary range:
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Banking Manager Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $158,929 | $13,244 | $3,056 | $76 |
| Average | $143,094 | $11,925 | $2,752 | $69 |
| 25th Percentile | $126,593 | $10,549 | $2,434 | $61 |
Accenture - Detroit, MI
First Merchants Bank - Birmingham, MI
Old National Bank - Holland, MI
First Merchants Bank - Northville, MI
A Banking Manager'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 Banking Manager'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:
| Levels | Salary |
|---|---|
| Relations... Level Banking Manager | $97,904 |
| Relations... Level Banking Manager | $126,328 |
| Relations... Level Banking Manager | $149,827 |
| Banking M... Level Banking Manager | $141,930 |
| Business ... Level Banking Manager | $174,232 |
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 Banking Managers. For example, consider the average annual salaries in these key locations:
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:
For Banking Manager roles, the industry you choose can affect earning potential by as much as 70% (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 40% above the average. In contrast, Banking Manager positions in Business Services or Insurance typically offer lower base pay, as these industries often view Banking Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $200,332 | $96.0 | 40% |
| Edu., Gov't. & Nonprofit | $157,404 | $76.0 | 10% |
Understanding how a Banking Manager'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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $158,929 | $13,244 | $3,056 | $76 |
| Average | $143,094 | $11,925 | $2,752 | $69 |
| 25th Percentile | $126,593 | $10,549 | $2,434 | $61 |
Ready to take the next step in your career? Browse thousands of current Banking Manager job openings on our job board. Use the search bar below to find your perfect match.
First Merchants Bank
Milan, MI
First Merchants Bank | Milan, MI
Job Description. Job Description. First Merchants Bank is seeking a Banking Center Manager to join our team. This position will focus on developing and imp... more
5 Days Ago
Bank of America
East Lansing, MI
Bank of America | East Lansing, MI
Bank Of America Small Business Financial Solutions Representative. At Bank of America, we are guided by a common purpose to help make financial lives bette... more
4 Days Ago
Citizens Financial Group
Southfield, MI
Citizens Financial Group | Southfield, MI
Job Description. At Citizens, tailored advice, personalized experiences, and innovative ideas, products, and solutions, are central to helping clients navi... more
2 Days Ago
Bank of America
Farmington, MI
Bank of America | Farmington, MI
Bank Of America Job Opportunity. At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every conne... more
3 Days Ago
Confidential
Detroit, MI
Confidential | Detroit, MI
Chief Banking Officer (CBO), Community Banking. About the Company. Respected community bank group. Industry. Banking. Type. Privately Held. About the Role.... more
2 Months Ago
Confidential
Ann Arbor, MI
Confidential | Ann Arbor, MI
Chief Banking Officer (CBO), Community Banking. About the Company. Respected community bank group. Industry. Banking. Type. Privately Held. About the Role.... more
2 Months Ago
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