Home > Salary > Ethiopia > Retail Banking Manager
A 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.
Estimated Yearly Salary: 185,363 ETB
Estimated Monthly Salary: 15,447 ETB
Estimated Weekly Salary: 3,565 ETB per week
Estimated Hourly Salary: 89 ETB per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 14,965 ETB
Estimated Weekly Salary: 3,453 ETB per week
Estimated Hourly Salary: 86 ETB per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 3,100 USD
Estimated Monthly Salary: 258 USD
Estimated Weekly Salary: 60 USD per week
Estimated Hourly Salary: 1 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 185,363 ETB
Estimated Monthly Salary: 15,447 ETB
Estimated Weekly Salary: 3,565 ETB per week
Estimated Hourly Salary: 89 ETB per hour
By working as Retail Banking Manager a person can save up to 182 USD per month or 2,178 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 Ethiopia, see costs of living in Ethiopia.
Estimated Yearly Salary for Retail Banking Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Ramp agent supervisor (98,537 ETB per year, pre-tax.)
Youth worker (53,649 ETB per year, pre-tax.)
Electronic prepress operator (91,680 ETB per year, pre-tax.)
Hotel room service attendant (37,188 ETB per year, pre-tax.)
Chairman and chief executive officer (ceo) (341,087 ETB per year, pre-tax.)
Retail Banking Manager salary in Ethiopia
Average Yearly Salary of Retail Banking Manager in Ethiopia is approximately 185,363 ETB (3,100 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?
A 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
Job industry: Banking
How much does Retail Banking Manager make?
Salary details
How much does Retail Banking Manager make?Estimated Yearly Salary: 185,363 ETB
Estimated Monthly Salary: 15,447 ETB
Estimated Weekly Salary: 3,565 ETB per week
Estimated Hourly Salary: 89 ETB per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 179,580 ETBEstimated Monthly Salary: 14,965 ETB
Estimated Weekly Salary: 3,453 ETB per week
Estimated Hourly Salary: 86 ETB per hour
Last revision of data: 2024-01-05Retail Banking Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 3,100 USD
Estimated Monthly Salary: 258 USD
Estimated Weekly Salary: 60 USD per week
Estimated Hourly Salary: 1 USD per hour
Difference in salary year over year or average salary increase is approximately
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.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Salary comparison to National average
Ethiopia is a landlocked country located in the Horn of Africa. With a population of over 114 million people, it is the second-most populous country in Africa. Covering an area of approximately 1.1 million square kilometers, Ethiopia is the 27th largest country in the world. It shares borders with Eritrea to the north, Sudan to the west, South Sudan to the southwest, Kenya to the south, Somalia to the east, and Djibouti to the northeast.
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Retail Banking Manager job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Retail Banking Manager in Ethiopia earns on average:
1.76 times the average salary (or 176% of average salary).
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Retail Banking Manager job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Retail Banking Manager in Ethiopia earns on average:
1.76 times the average salary (or 176% 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 203,899 ETB and 268,776 ETB. However this is an estimation based on Gaussian Distribution.How much can you save working as Retail Banking Manager in Ethiopia?
Living in Ethiopia the approximate monthly expenses are: 77 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: 185,363 ETB
Estimated Monthly Salary: 15,447 ETB
Estimated Weekly Salary: 3,565 ETB per week
Estimated Hourly Salary: 89 ETB per hour
By working as Retail Banking Manager a person can save up to 182 USD per month or 2,178 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 Ethiopia, see costs of living in Ethiopia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Djibouti, Eritrea, Sudan, South Sudan, Kenya, Somalia. 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
Sudan is 1,228 USD
Kenya is 9,710 USD Last revision of data: 2025-01-04Salary 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
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Ethiopia
(1,198,707 ETB per year, pre-tax.)
2. Cardiologist
(998,053 ETB per year, pre-tax.)
(968,024 ETB per year, pre-tax.)
4. Neurosurgeon
(937,399 ETB per year, pre-tax.)
(935,134 ETB per year, pre-tax.)
(915,448 ETB per year, pre-tax.)
7. Oncologist
(913,122 ETB per year, pre-tax.)
(912,301 ETB per year, pre-tax.)
(911,770 ETB per year, pre-tax.)
10. Dermatologist
(911,678 ETB per year, pre-tax.)
Data as of 2025Random salary:
Ramp agent supervisor (98,537 ETB per year, pre-tax.)
Youth worker (53,649 ETB per year, pre-tax.)
Electronic prepress operator (91,680 ETB per year, pre-tax.)
Hotel room service attendant (37,188 ETB per year, pre-tax.)
Chairman and chief executive officer (ceo) (341,087 ETB per year, pre-tax.)
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