Assistant Branch Manager, Banking Salary

For Assistant Branch Managers of Banking, yearly average wages total $43K annually. Bonuses, profit sharing, and commission all factor into final incomes for Assistant Branch Managers of Banking. Ranging between $32K near the bottom and $56K near the top, total earnings can include up to $7K from bonuses and up to $3K from profit sharing, with a high-performing minority reaping commissions of $6K. The most important factor affecting compensation for this group is location, followed by the specific employer and years of experience. Most claim medical and dental insurance and a strong majority get vision coverage. Men are in the minority of survey respondents, with female Assistant Branch Managers of Banking making up 72 percent. Job satisfaction for Assistant Branch Managers of Banking is high. The information for this snapshot was generated by responses to the PayScale salary survey.
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$34,049 - $54,848
$34K
$43K
$55K
MEDIAN: $43,251
10%
50%
90%

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$13.29 - $24.42
$13
$18
$24
MEDIAN: $17.75
10%
50%
90%

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$0$56K
Salary $34,049 - $54,848
Bonus $487.75 - $6,790
Profit Sharing $0.00 - $3,109
Commission $504 - $5,855
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,703 - $56,007
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 1,092
Hourly Data $0$36
Hourly Rate $13.29 - $24.42
Overtime $18.98 - $36.70
Annual Data $0$56K
Bonus $487.75 - $6,790
Commission $504 - $5,855
Profit Sharing $0.00 - $3,109
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,703 - $56,007
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 478

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Assistant Branch Manager, Banking

As an assistant branch manager for a bank, there are several responsibilities which are typical. Hiring, training, and supervising customer service representatives and financial service manager is a major part of this position. The assistant branch manager must also fulfill duties to gain and retain customers, by heeding to the highest standards of customer service. Daily operational activities that branch managers perform include monitoring branch financial activities, performing audits, reviewing reports, and managing cash levels. Assistant branch managers also work to enforce banking regulations and oversee bank security measures. Assistant branch managers work within the banks which employ them. Co-workers include all lower level operational employees of the bank including security, tellers, personal bankers, financial advisers, etc. In addition, the assistant branch manager must work alongside the branch manager to ensure the smooth day to day operations of the bank. Communication with corporate about news, new developments, changing regulations, and other related business information are also a part of the job. Educational requirements may vary. The minimum educational requirement for this position is a high school diploma, but many banks require or prefer a four year degree. Banks tend to be somewhat lenient in the type of degree required for such positions, but finance, business, mathematics, and economics degrees are the most desirable. In lieu of a degree, managerial experience may translate well into this position. Employers typically require two to five years of managerial experience when considering applicants for assistant branch manager positions. A typical work week is a forty hour, 9 to 5. Some extra hours may be needed at certain times and assistant managers may sometimes need to work hours on certain Saturdays as well.


Assistant Branch Manager, Banking Tasks

  • Hire, train, and supervise customer service representatives and financial service managers.
  • Enforce bank regulations and oversee bank security measures.
  • Monitor branch financial activities, performing audits, reviewing reports, and managing cash levels.
  • Work to gain and retain customers by maintaining high standards of customer service.

Common Career Paths for Assistant Branch Manager, Banking


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Assistant Branch Managers of Banking' salaries may rise greatly for those who assume a higher-end position such as a Bank VP or Branch Manager. The average Bank VP or Branch Manager brings home $71K per year. It is quite typical for Assistant Branch Managers of Banking to transition into roles as Banking Branch Managers or Bank Managers, where reported median earnings are $9K and $15K higher per year.

Assistant Branch Manager, Banking Job Listings

Popular Employer Salaries for Assistant Branch Manager, Banking


Many Assistant Branch Managers of Banking can be found at Regions Bank, Citibank, U.S. Bank, Bank of America Corp. (BOFA), and Chase Bank, firms that are at the top of the field. Chase Bank offers the best pay with a median salary of $50K, though salaries there don't seem that varied, bottoming out near $35K and maxing out at just $60K. Citibank, The PNC Financial Services Group, Inc., and Bank of America Corp. (BOFA) also offer top salaries for Assistant Branch Managers of Banking. Workers at these firms can expect to earn about $50K, $48K, and $48K, respectively.

Employees at Woodforest National Bank, SunTrust Banks Inc., and Bbva Compass can also expect below-average earnings of $40K, $40K, and $41K.

Popular Skills for Assistant Branch Manager, Banking


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Office Management, Operations Management, Sales Management, and People Management are correlated to pay that is above average. Skills that pay less than market rate include Customer Relations and Training. The majority of those who know Banking also know Leadership and Operations Management.

Pay by Experience Level for Assistant Branch Manager, Banking

Pay by Experience for an Assistant Branch Manager, Banking has a positive trend. An entry-level Assistant Branch Manager, Banking with less than 5 years of experience can expect to earn an average total compensation of $40,000 based on 642 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Assistant Branch Manager, Banking with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $43,000 based on 578 salaries. An experienced Assistant Branch Manager, Banking which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $45,000 based on 479 salaries. An Assistant Branch Manager, Banking with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $48,000 based on 174 salaries.

Pay Difference by Location

National Average: $43,134

Larger city markers indicate a job is popular in that location.

For Assistant Branch Managers of Banking, New York provides a pay rate that is 26 percent greater than the national average. Assistant Branch Managers of Banking can also look forward to large paychecks in cities like San Diego (+22 percent), Boston (+18 percent), Los Angeles (+15 percent), and Seattle (+10 percent). Trailing the national average by 16 percent, San Antonio is the market with the smallest paychecks. Baton Rouge and Philadelphia are a couple other places where companies are known to pay below the median — salaries are 15 percent lower and 7 percent lower, respectively.

Related Job Salaries

Key Stats for Assistant Branch Manager, Banking

Gender

Female
72 %
Male
28 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 260 votes.
Less than 1 year
1%
1-4 years
30%
5-9 years
27%
10-19 years
30%
20 years or more
12%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Assistant Branch Manager, Banking Salaries

▲10%

▲5%

National Average
$43,000

▼1%

▼6%

Skills That Affect Assistant Branch Manager, Banking Salaries

Office Management
▲5%



▲1%

▲1%


Banking
▼0%

Team Leadership
▼0%

National Average
$43,000






▼3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 260 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
1%
1-4 years
30%
5-9 years
27%
10-19 years
30%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 82%
vision benefits
Vision: 71%
no benefits
None: 11%
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