The salary of a Head of Retail Banking in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of April 01, 2025, the average annual salary for a Head of Retail Banking in the United States is $276,230. According to Salary.com, salaries can range from a low of $202,945 to a high of $336,696, with most professionals earning between $237,870 and $307,880.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $307,880 | $25,657 | $5,921 | $148 |
| Average | $276,230 | $23,019 | $5,312 | $133 |
| 25th Percentile | $237,870 | $19,823 | $4,574 | $114 |
An entry-level Head of Retail Banking with less than 1 year of experience earns about $252,756. With 1-2 years of experience, the average salary increases to $256,191. For 2-4 years of experience, the pay typically rises to $260,771. Senior-level professionals with 5-8 years of experience earn around $267,642, and those with over 8 years of experience can expect an average of $276,230.
| Levels | Salary |
|---|---|
| Entry Level Head of Retail Banking | $252,756 |
| Intermediate Level Head of Retail Banking | $256,191 |
| Senior Level Head of Retail Banking | $260,771 |
| Specialist Level Head of Retail Banking | $267,642 |
| Expert Level Head of Retail Banking | $276,230 |
| Entry Level | 8% |
| Mid Level | 7% |
| Senior Level | 6% |
| Top Level | 3% |
| Experienced | 0% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of April 01, 2025, our research reveals a significant shift in Head of Retail Banking compensation over the past six years. For example, the median salary increased from $226,600 in 2023 to approximately $227,250 in 2024. (For a detailed analysis of Head of Retail Banking salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Head of Retail Banking information for you to search for. Click on search button below to see Head of Retail Banking job openings or enter a new job title here.
Here are companies hiring for Head of Retail Banking and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $276,230 | 77.1% | ||
| Bonus | $0 | 0.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $14,459 | 4.0% | ||
| 401K/403B | $11,750 | 3.3% | ||
| Disability | $2,210 | 0.6% | ||
| Healthcare | $6,056 | 1.7% | ||
| Pension | $13,750 | 3.8% | ||
| Time Off | $33,998 | 9.5% | ||
| Total Compensation | $358,452 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 8.8% |
| Associates | 13.2% |
| Bachelors | 47.1% |
| Masters | 25.0% |
| Doctorate | 5.9% |
What Am I Worth?
The Head of Retail Banking leads and manages the bank's community-based retail network, focusing on growth, profitability, operational efficiency, compliance, and delivering an exceptional customer experience. The salary for this role ranges from $278,440 to $425,530, with a midpoint of $336,860, reflecting the importance and responsibility of the position.
The average annual pay for a Vice President of Retail Banking is approximately $336,860, with a salary range from $278,440 to $425,530. This translates to an hourly rate of about $162, a monthly salary of around $28,073, and a weekly pay of approximately $6,478.
Retail bankers can earn a competitive salary, especially in leadership roles. The salary data for a Head of Retail Banking shows a minimum of $278,440, a mid-range of $336,860, and a maximum of $425,530. This indicates that experienced professionals in this field can make significantly more than the average hourly pay of $16.20 for entry-level positions.
Yes, a banker can certainly make six figures. For instance, the salary for a Head of Retail Banking ranges from $278,440 to $425,530, with a mid-salary of $336,860. This demonstrates that with the right qualifications and experience, banking roles can offer lucrative compensation, significantly above the six-figure mark.
Frequently asked questions about Head of Retail Banking salaries. How much does a Head of Retail Banking make? The highest salary for a Head of Retail Banking is $425,530 per year, with a minimum salary of $278,440 and a mid-range salary of $336,860.
A Director of Retail Banking oversees all facets of retail banking, including personnel management, sales, service, operational efficiency, product development, technology, and compliance. They implement retail strategies through proactive leadership and effective coaching. The salary for this role ranges from $278,440 to $425,530, with a midpoint of $336,860.
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.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
