Home > Salary > Monaco > 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: 299,600 EUR
Estimated Monthly Salary: 24,967 EUR
Estimated Weekly Salary: 5,762 EUR per week
Estimated Hourly Salary: 144 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 24,170 EUR
Estimated Weekly Salary: 5,578 EUR per week
Estimated Hourly Salary: 139 EUR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 299,206 USD
Estimated Monthly Salary: 24,934 USD
Estimated Weekly Salary: 5,754 USD per week
Estimated Hourly Salary: 144 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: 299,600 EUR
Estimated Monthly Salary: 24,967 EUR
Estimated Weekly Salary: 5,762 EUR per week
Estimated Hourly Salary: 144 EUR per hour
By working as Retail Banking Manager a person can save up to 17,491 USD per month or 209,888 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 Monaco, see costs of living in Monaco.
Estimated Yearly Salary for Retail Banking Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Retail Banking Manager salary in Monaco
Average Yearly Salary of Retail Banking Manager in Monaco is approximately 299,600 EUR (299,206 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: 299,600 EUR
Estimated Monthly Salary: 24,967 EUR
Estimated Weekly Salary: 5,762 EUR per week
Estimated Hourly Salary: 144 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 290,043 EUREstimated Monthly Salary: 24,170 EUR
Estimated Weekly Salary: 5,578 EUR per week
Estimated Hourly Salary: 139 EUR per hour
Last revision of data: 2024-01-03Retail Banking Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 299,206 USD
Estimated Monthly Salary: 24,934 USD
Estimated Weekly Salary: 5,754 USD per week
Estimated Hourly Salary: 144 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
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Country:
Salary comparison to National average
Monaco is a small sovereign city-state located on the French Riviera. With a population of approximately 38,000 people, it is the second smallest country in the world by population. Covering an area of just 2.02 square kilometers, Monaco is also one of the most densely populated countries globally.
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Retail Banking Manager job salary compared to average salary in Monaco.
Comparison shows that a person working as Retail Banking Manager in Monaco earns on average:
1.76 times the average salary (or 176% of average salary).
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Retail Banking Manager job salary compared to average salary in Monaco.
Comparison shows that a person working as Retail Banking Manager in Monaco 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 329,560 EUR and 434,420 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Retail Banking Manager in Monaco?
Living in Monaco the approximate monthly expenses are: 7,443 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: 299,600 EUR
Estimated Monthly Salary: 24,967 EUR
Estimated Weekly Salary: 5,762 EUR per week
Estimated Hourly Salary: 144 EUR per hour
By working as Retail Banking Manager a person can save up to 17,491 USD per month or 209,888 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 Monaco, see costs of living in Monaco.
Salary comparison to region and neighbouring coutries
Country's neighbours are: France, Italy. 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
France is 74,230 USD
Italy is 60,974 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 Monaco
(1,948,030 EUR per year, pre-tax.)
2. Cardiologist
(1,613,197 EUR per year, pre-tax.)
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4. Neurosurgeon
(1,512,413 EUR per year, pre-tax.)
(1,512,144 EUR per year, pre-tax.)
(1,480,748 EUR per year, pre-tax.)
7. Urologist
(1,478,011 EUR per year, pre-tax.)
(1,476,615 EUR per year, pre-tax.)
9. Oncologist
(1,474,879 EUR per year, pre-tax.)
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Data as of 2025Random salary:
Sales development representative (sdr) (162,262 EUR per year, pre-tax.)
First-line supervisor manager of housekeeping and janitorial workers (95,329 EUR per year, pre-tax.)
Finish carpenter (148,178 EUR per year, pre-tax.)
Spot welder (82,772 EUR per year, pre-tax.)
Training director (330,511 EUR per year, pre-tax.)
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