As of July 01, 2026, the average salary for a Retail Banking Manager in the United States is $137,247 per year, which breaks down to an hourly rate of $66.
However, a Retail Banking Manager's salary can vary significantly. Here’s a look at the typical salary range:
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A Retail 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, education and company size can directly affect your earning potential.
Experience is a primary driver of a Retail 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 Retail Banking Manager | $93,952 |
| Relations... Level Retail Banking Manager | $121,231 |
| Relations... Level Retail Banking Manager | $143,793 |
| Retail Ba... Level Retail Banking Manager | $136,214 |
| Business ... Level Retail Banking Manager | $167,218 |
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 Retail Banking Managers. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Leadership | 6.88% |
| Business To Business | 2.75% |
| ATM | 1.21% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Client Education
|
$163,324 |
19%
|
|
Planning
|
$144,109 |
5%
|
|
Economics
|
$142,737 |
4%
|
|
Credit Analysis
|
$142,737 |
4%
|
|
Dedication
|
$142,737 |
4%
|
|
Marketing Support
|
$142,737 |
4%
|
For Retail 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, Retail Banking Manager positions in Business Services or Insurance typically offer lower base pay, as these industries often view Retail 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 | $192,146 | $92.0 | 40% |
| Edu., Gov't. & Nonprofit | $150,972 | $73.0 | 10% |
Your level of education can impact your salary potential. While many Retail Banking Managers enter the field with a Associate's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Retail Banking Manager with a Associate's Degree is between $141,584 and $153,332).
Retail Banking Manager Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 0.7% |
| High School | 15.6% |
| Associates | 10.9% |
| Bachelors | 48.3% |
| Masters | 24.5% |
| Doctorate | 0.0% |
Understanding how a Retail 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.
Last Updated on July 01, 2026Salaries for a Retail Banking Manager can change over time, reflecting shifts in market demand and the overall economy. The median salary increased from $115,838 in 2023 to around $115,881 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Retail Banking Manager salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $115,838 |
| 2024 | $117,540 |
| 2025 | $115,881 |
| 2026 |
View More
|
| 2027 |
View More
|
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