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As of August 01, 2026, the average salary for a Banking Manager in Minnesota is $148,689 per year, which breaks down to an hourly rate of $71.
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 | $165,142 | $13,762 | $3,176 | $79 |
| Average | $148,689 | $12,391 | $2,859 | $71 |
| 25th Percentile | $131,542 | $10,962 | $2,530 | $63 |
Old National Bank - Detroit Lakes, MN
Old National Bank - Willmar, MN
Old National Bank - Madison, MN
Huntington - Saint Paul, MN
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 | $101,732 |
| Relations... Level Banking Manager | $131,266 |
| Relations... Level Banking Manager | $155,684 |
| Banking M... Level Banking Manager | $147,479 |
| Business ... Level Banking Manager | $181,043 |
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 | $208,164 | $100.0 | 40% |
| Edu., Gov't. & Nonprofit | $163,557 | $79.0 | 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 | $165,142 | $13,762 | $3,176 | $79 |
| Average | $148,689 | $12,391 | $2,859 | $71 |
| 25th Percentile | $131,542 | $10,962 | $2,530 | $63 |
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.
U.S. Bancorp
Minneapolis, MN
U.S. Bancorp | Minneapolis, MN
Healthcare Business Banking RM 5. At U.S. Bank, our Healthcare Business Banking Relationship Managers (BBRMs) don't just manage portfolios they build busin... more
2 Days Ago
U.S. Bank
Rochester, MN
U.S. Bank | Rochester, MN
Healthcare Business Banking RM 5. At U.S. Bank, our Healthcare Business Banking Relationship Managers (BBRMs) don't just manage portfoliosthey build busine... more
3 Days Ago
U.S. Bank
Minneapolis, MN
U.S. Bank | Minneapolis, MN
Healthcare Business Banking RM 5. At U.S. Bank, our Healthcare Business Banking Relationship Managers (BBRMs) don't just manage portfoliosthey build busine... more
3 Days Ago
Associated Bank
Minneapolis, MN
Associated Bank | Minneapolis, MN
Senior Business Banking Relationship Manager. At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recog... more
4 Days Ago
Confidential
Minneapolis, MN
Confidential | Minneapolis, MN
Chief Banking Officer (CBO), Community Banking. About the Company. Respected community bank group. Industry. Banking. Type. Privately Held. About the Role.... more
1 Day Ago
Confidential
Saint Paul, MN
Confidential | Saint Paul, MN
Chief Banking Officer (CBO), Community Banking. About the Company. Respected community bank group. Industry. Banking. Type. Privately Held. About the Role.... more
4 Days Ago
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