Home > Salary > South Africa > 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: 218,287 ZAR
Estimated Monthly Salary: 18,191 ZAR
Estimated Weekly Salary: 4,198 ZAR per week
Estimated Hourly Salary: 105 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 17,613 ZAR
Estimated Weekly Salary: 4,065 ZAR per week
Estimated Hourly Salary: 102 ZAR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 10,943 USD
Estimated Monthly Salary: 912 USD
Estimated Weekly Salary: 210 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: 218,287 ZAR
Estimated Monthly Salary: 18,191 ZAR
Estimated Weekly Salary: 4,198 ZAR per week
Estimated Hourly Salary: 105 ZAR per hour
By working as Retail Banking Manager a person can save up to 641 USD per month or 7,689 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 South Africa, see costs of living in South Africa.
Estimated Yearly Salary for Retail Banking Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Physical therapist aide (49,355 ZAR per year, pre-tax.)
Commercial sales manager (65,057 ZAR per year, pre-tax.)
Avionics test technician (133,087 ZAR per year, pre-tax.)
Assistant property manager (69,557 ZAR per year, pre-tax.)
Perfumer (437,974 ZAR per year, pre-tax.)
Retail Banking Manager salary in South Africa
Average Yearly Salary of Retail Banking Manager in South Africa is approximately 218,287 ZAR (10,943 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: 218,287 ZAR
Estimated Monthly Salary: 18,191 ZAR
Estimated Weekly Salary: 4,198 ZAR per week
Estimated Hourly Salary: 105 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 211,360 ZAREstimated Monthly Salary: 17,613 ZAR
Estimated Weekly Salary: 4,065 ZAR per week
Estimated Hourly Salary: 102 ZAR 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: 10,943 USD
Estimated Monthly Salary: 912 USD
Estimated Weekly Salary: 210 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
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
South Africa is a diverse and vibrant country located at the southernmost tip of the African continent. It has a population of approximately 59 million people and covers an area of around 1.2 million square kilometers. The country is known for its rich cultural heritage, stunning landscapes, and abundant wildlife.
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Retail Banking Manager job salary compared to average salary in South Africa.
Comparison shows that a person working as Retail Banking Manager in South Africa earns on average:
1.72 times the average salary (or 172% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Retail Banking Manager job salary compared to average salary in South Africa.
Comparison shows that a person working as Retail Banking Manager in South Africa earns on average:
1.72 times the average salary (or 172% 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 240,116 ZAR and 316,516 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Retail Banking Manager in South Africa?
Living in South Africa the approximate monthly expenses are: 271 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: 218,287 ZAR
Estimated Monthly Salary: 18,191 ZAR
Estimated Weekly Salary: 4,198 ZAR per week
Estimated Hourly Salary: 105 ZAR per hour
By working as Retail Banking Manager a person can save up to 641 USD per month or 7,689 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 South Africa, see costs of living in South Africa.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Namibia, Botswana, Zimbabwe, Mozambique, Eswatini, Lesotho. 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
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 South Africa
(1,412,867 ZAR per year, pre-tax.)
2. Cardiologist
(1,176,011 ZAR per year, pre-tax.)
(1,138,908 ZAR per year, pre-tax.)
(1,102,268 ZAR per year, pre-tax.)
5. Neurosurgeon
(1,100,784 ZAR per year, pre-tax.)
(1,077,960 ZAR per year, pre-tax.)
(1,073,792 ZAR per year, pre-tax.)
(1,073,439 ZAR per year, pre-tax.)
9. Oncologist
(1,071,922 ZAR per year, pre-tax.)
10. Urologist
(1,071,632 ZAR per year, pre-tax.)
Data as of 2025Random salary:
Physical therapist aide (49,355 ZAR per year, pre-tax.)
Commercial sales manager (65,057 ZAR per year, pre-tax.)
Avionics test technician (133,087 ZAR per year, pre-tax.)
Assistant property manager (69,557 ZAR per year, pre-tax.)
Perfumer (437,974 ZAR per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=south-africa&job=retail-banking-manager'><img src='https://optisalary.com/wp-content/graphs/salary/retail-banking-manager-salary-in-south-africa-2025.jpg' alt='retail banking manager salary in south africa 2025' title='retail banking manager salary in south africa 2025' /></a>
Please note:Salary information displayed on this site is informational exclusively.
By using this website, you accept that salary details are subject to change.
optisalary.com compiles salary data for educational use only. While we strive to deliver correct figures, we cannot ensure their absolute precision. Users are highly encouraged to check with additional databases before finalizing financial decisions. Salary amounts fluctuate based on multiple factors, such as location, job role, and individual qualifications. We do not offer any claims as to the correctness of the listed information. Your use of this site indicates acceptance of this disclaimer.