As of May 18, 2021, the average salary for a Banking Manager in the United States is $142,430 per year, which breaks down to an hourly rate of $68.
However, a Banking Manager's salary can vary significantly. Here’s a look at the typical salary range:
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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, education 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 | $97,411 |
| Relations... Level Banking Manager | $125,715 |
| Relations... Level Banking Manager | $149,198 |
| Banking M... Level Banking Manager | $141,336 |
| Business ... Level Banking Manager | $173,531 |
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:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Leadership | 6.88% |
| Business To Business | 2.75% |
| ATM | 1.21% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Planning
|
$149,551 |
5%
|
|
Economics
|
$148,127 |
4%
|
|
Client Relationship
|
$146,703 |
3%
|
|
Verbal Communication
|
$146,703 |
3%
|
|
Prospecting
|
$146,703 |
3%
|
|
Underwriting
|
$146,703 |
3%
|
Your level of education can impact your salary potential. While many 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 Banking Manager with a Associate's Degree is between $141,584 and $153,332).
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 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 May 18, 2021Salaries for a Banking Manager can change over time, reflecting shifts in market demand and the overall economy. The median salary increased from $120,306 in 2023 to around $120,351 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Banking Manager salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $120,306 |
| 2024 | $122,074 |
| 2025 | $120,351 |
| 2026 |
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|
| 2027 |
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|
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Compensation PlanningHere are companies hiring for Banking Manager and their salaries, click below for more details.
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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.)
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