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Retail Banking Manager salary in Colombia

Average Yearly Salary of Retail Banking Manager in Colombia is approximately 47,280,258 COP (10,524 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Retail Banking Manager do?

occupation personasA retail banking manager is responsible for overseeing the operations and performance of a bank branch or retail banking department. They are in charge of managing a team of customer service representatives, tellers, and other staff members to ensure efficient and effective service delivery. The retail banking manager is responsible for meeting sales targets, developing and implementing strategies to attract new customers, and maintaining relationships with existing clients. They also handle customer complaints and resolve any issues that may arise. Additionally, retail banking managers stay updated on industry trends and regulations to ensure compliance and provide guidance to their team. This occupation requires strong leadership skills, excellent communication and interpersonal abilities, and a deep understanding of financial products and services.

Skills: Retail banking, Manager, Customer service, Sales, Team management, Compliance.
Job industry: Banking


How much does Retail Banking Manager make?

Salary details
How much does Retail Banking Manager make?
Estimated Yearly Salary: 47,280,258 COP
Estimated Monthly Salary: 3,940,022 COP
Estimated Weekly Salary: 909,236 COP per week
Estimated Hourly Salary: 22,731 COP per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 45,793,411 COP
Estimated Monthly Salary: 3,816,118 COP
Estimated Weekly Salary: 880,643 COP per week
Estimated Hourly Salary: 22,016 COP per hour
Last revision of data: 2024-01-05



Retail Banking Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 10,524 USD
Estimated Monthly Salary: 877 USD
Estimated Weekly Salary: 202 USD per week
Estimated Hourly Salary: 5 USD per hour


Difference in salary year over year or average salary increase is approximately up arrow 3 %

About these results Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.

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Salary comparison to National average

Colombia is a country located in South America. It has a population of approximately 50 million people and covers an area of about 1.1 million square kilometers. The country is known for its diverse landscapes, including the Andes Mountains, Amazon rainforest, and Caribbean coastline.

Estimated national average yearly salary is 26,951,400 COP (6,510 USD). Value indicated is pre-tax. Below graph shows estimated Retail Banking Manager job salary compared to average salary in Colombia.
Comparison shows that a person working as Retail Banking Manager in Colombia earns on average:
1.75 times the average salary (or 175% of average salary).

Is Retail Banking Manager a well paid job?

Yes, our data shows that Retail Banking Manager is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Retail Banking Manager?

High salary for Retail Banking Manager would be somewhere between 52,008,284 COP and 68,556,374 COP. However this is an estimation based on Gaussian Distribution.

How much can you save working as Retail Banking Manager in Colombia?

Living in Colombia the approximate monthly expenses are: 260 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 47,280,258 COP
Estimated Monthly Salary: 3,940,022 COP
Estimated Weekly Salary: 909,236 COP per week
Estimated Hourly Salary: 22,731 COP per hour
By working as Retail Banking Manager a person can save up to 617 USD per month or 7,399 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Colombia, see costs of living in Colombia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Ecuador, Peru, Brazil, Venezuela, Panama.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Retail Banking Manager

Ecuador is 10,214 USDdown arrow 3%
Details on Retail Banking Manager salary in Ecuador
Brazil is 13,156 USDup arrow 25%
Details on Retail Banking Manager salary in Brazil
Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

    0 years (beginner) equals base salary
    1 to 5 years of experience yields up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+10% salary increase
NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Colombia

(306,660,307 COP per year, pre-tax.)
(254,459,006 COP per year, pre-tax.)
(247,209,986 COP per year, pre-tax.)
(238,795,833 COP per year, pre-tax.)
(238,525,529 COP per year, pre-tax.)
(233,656,491 COP per year, pre-tax.)
(233,604,285 COP per year, pre-tax.)
(233,538,023 COP per year, pre-tax.)
(232,715,450 COP per year, pre-tax.)
(232,262,612 COP per year, pre-tax.)

Data as of 2025

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Retail banking manager
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The salary estimates on this website are meant for reference purposes only.
This website compiles salary data for educational use only. While we endeavor to deliver correct figures, we cannot ensure their absolute precision. Users are highly encouraged to check with other sources before finalizing financial decisions. Salary amounts fluctuate based on multiple factors, such as industry trends, negotiation power, and regional demand. We do not offer any claims as to the validity of the provided data. Your use of this site acknowledges agreement of this disclaimer.
The salary data on this site is intended for informational purposes exclusively. We provide salary insights derived from multiple datasets, but cannot guarantee complete precision. Users should always cross-check salary details with other reliable sources before making career-related decisions. Fluctuations in salary amounts may occur due to several circumstances, including company policies, market demand, and individual skills. We do not extend any warranty regarding the completeness of the displayed salary data. Use of optisalary.com constitutes acceptance of these conditions.