Home > Salary > Kenya > 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: 1,527,286 KES
Estimated Monthly Salary: 127,274 KES
Estimated Weekly Salary: 29,371 KES per week
Estimated Hourly Salary: 734 KES per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 123,135 KES
Estimated Weekly Salary: 28,416 KES per week
Estimated Hourly Salary: 710 KES per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 9,710 USD
Estimated Monthly Salary: 809 USD
Estimated Weekly Salary: 187 USD per week
Estimated Hourly Salary: 5 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: 1,527,286 KES
Estimated Monthly Salary: 127,274 KES
Estimated Weekly Salary: 29,371 KES per week
Estimated Hourly Salary: 734 KES per hour
By working as Retail Banking Manager a person can save up to 569 USD per month or 6,830 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 Kenya, see costs of living in Kenya.
Estimated Yearly Salary for Retail Banking Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Director business operations (2,141,335 KES per year, pre-tax.)
Warehouse laborer (443,455 KES per year, pre-tax.)
Nursing director (1,347,756 KES per year, pre-tax.)
Director telecommunications (2,291,000 KES per year, pre-tax.)
Contracts manager (1,286,890 KES per year, pre-tax.)
Retail Banking Manager salary in Kenya
Average Yearly Salary of Retail Banking Manager in Kenya is approximately 1,527,286 KES (9,710 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: 1,527,286 KES
Estimated Monthly Salary: 127,274 KES
Estimated Weekly Salary: 29,371 KES per week
Estimated Hourly Salary: 734 KES per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 1,477,616 KESEstimated Monthly Salary: 123,135 KES
Estimated Weekly Salary: 28,416 KES per week
Estimated Hourly Salary: 710 KES per hour
Last revision of data: 2024-01-02Retail Banking Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 9,710 USD
Estimated Monthly Salary: 809 USD
Estimated Weekly Salary: 187 USD per week
Estimated Hourly Salary: 5 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
Kenya is a country located in East Africa. It has a diverse population of approximately 53 million people. The land area of Kenya is around 580,367 square kilometers, making it the 48th largest country in the world. It is bordered by Ethiopia to the north, Somalia to the northeast, Tanzania to the south, Uganda to the west, and South Sudan to the northwest.
Estimated national average yearly salary is 869,520 KES (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Retail Banking Manager job salary compared to average salary in Kenya.
Comparison shows that a person working as Retail Banking Manager in Kenya earns on average:
1.76 times the average salary (or 176% of average salary).
Estimated national average yearly salary is 869,520 KES (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Retail Banking Manager job salary compared to average salary in Kenya.
Comparison shows that a person working as Retail Banking Manager in Kenya 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 1,680,015 KES and 2,214,565 KES. However this is an estimation based on Gaussian Distribution.How much can you save working as Retail Banking Manager in Kenya?
Living in Kenya the approximate monthly expenses are: 240 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: 1,527,286 KES
Estimated Monthly Salary: 127,274 KES
Estimated Weekly Salary: 29,371 KES per week
Estimated Hourly Salary: 734 KES per hour
By working as Retail Banking Manager a person can save up to 569 USD per month or 6,830 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 Kenya, see costs of living in Kenya.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Ethiopia, Somalia, South Sudan, Tanzania, Uganda.. 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
Ethiopia is 3,100 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 Kenya
(9,866,711 KES per year, pre-tax.)
2. Cardiologist
(8,249,858 KES per year, pre-tax.)
(7,939,285 KES per year, pre-tax.)
4. Neurosurgeon
(7,706,816 KES per year, pre-tax.)
(7,676,980 KES per year, pre-tax.)
(7,545,448 KES per year, pre-tax.)
(7,519,239 KES per year, pre-tax.)
8. Urologist
(7,514,557 KES per year, pre-tax.)
9. Oncologist
(7,503,914 KES per year, pre-tax.)
(7,503,863 KES per year, pre-tax.)
Data as of 2025Random salary:
Director business operations (2,141,335 KES per year, pre-tax.)
Warehouse laborer (443,455 KES per year, pre-tax.)
Nursing director (1,347,756 KES per year, pre-tax.)
Director telecommunications (2,291,000 KES per year, pre-tax.)
Contracts manager (1,286,890 KES per year, pre-tax.)
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