Assistant Branch Manager, Banking Salary

Median pay for Assistant Branch Managers of Banking in the United States lies in the neighborhood of $41K annually. Including potential for bonuses, profit sharing and commission — peaking near $6K, $4K, and $6K, respectively — total cash payment to Assistant Branch Managers of Banking can bottom out near $31K or top out at around $55K. The most important factor affecting compensation for this group is the particular firm, followed by geography and years of experience. Most Assistant Branch Managers of Banking survey respondents are women (71 percent). Most enjoy medical while a large number get dental coverage. Vision coverage is also available to more than half. Job satisfaction is reported as high by the vast majority of workers. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$31,785 - $52,249
(Median)
$32K
$41K
$52K
MEDIAN: $40,964
10%
50%
90%

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$12.96 - $23.00
(Median)
$13
$17
$23
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$19K$38K$57K
Salary
$31,785 - $52,249  
   
Bonus
$0.00 - $6,374  
Profit Sharing
$197.27 - $4,179  
Commission
$498.67 - $5,939  
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).
)
$30,936 - $54,502  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 2,117
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$12$24$36
Hourly Rate
$12.96 - $23.00  
   
Hourly Tips
$2.47  
Overtime
$17.46 - $35.37  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Bonus
$0.00 - $6,374  
   
Commission
$498.67 - $5,939  
Profit Sharing
$197.27 - $4,179  
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).
)
$30,936 - $54,502  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 601
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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

  • 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.
  • Hire, train, and supervise customer service representatives and financial service managers.
  • Enforce bank regulations and oversee bank security measures.

Common Career Paths for Assistant Branch Manager, Banking


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Assistant Branch Managers of Banking may experience a large salary bump if they progress into a role such as Bank VP or Branch Manager. The latter position pays an average of $71K annually. Typical career progression for an Assistant Branch Manager of Banking involves becoming a Banking Branch Manager or a Bank Manager, roles that pay $10K more and $15K more on average.

Assistant Branch Manager, Banking Job Listings

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Popular Employer Salaries for Assistant Branch Manager, Banking


Well-known firms with a reputation for hiring numerous Assistant Branch Managers of Banking include Bank of America Corp. (BOFA), Chase Bank, J.P. Morgan Chase & Co. (JPMCC), U.S. Bank, and The PNC Financial Services Group, Inc. Chase Bank pays the most with a median salary of $51K, though with a large amount of variation, going from a low of $35K to a high of $63K. Citibank, Bank of America Corp. (BOFA), and Comerica Bank also offer top salaries for Assistant Branch Managers of Banking. Workers at these firms can expect to earn about $50K, $47K, and $47K, respectively.

First Convenience Bank doles out the lowest salaries in town — median pay is $34K — not to mention workers can only make as much as $45K and scope of pay is rather limited. Woodforest National Bank, Wells Fargo Bank, and SunTrust Banks Inc. also scrape the bottom of the pay scale, with median earnings hovering around $38K, $39K, and $40K.

Popular Skills for Assistant Branch Manager, Banking


Survey results imply that Assistant Branch Managers of Banking deploy a deep pool of skills on the job. Most notably, skills in Office Management, People Management, Sales Management, and Operations Management are correlated to pay that is above average, with boosts between 5 percent and 10 percent. It is often found that people who know Banking are also skilled in Operations Management and Leadership.

Pay by Experience Level for Assistant Branch Manager, Banking

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Assistant Branch Managers of Banking with a lot of experience do not necessarily enjoy more money. Relatively untried employees who have less than five years' experience have a median salary of $40K. Those who have been around for five to 10 years can expect to take home more — $42K on average. Assistant Branch Managers of Banking who work for 10 to 20 years in their occupation tend to earn about $43K. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $46K.

Pay Difference by Location

National Average: $41,476

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

For those looking to make money, Assistant Branch Managers of Banking in New York enjoy an exceptional pay rate, 25 percent above the national average. Assistant Branch Managers of Banking can also look forward to large paychecks in cities like Los Angeles (+20 percent), Boston (+18 percent), San Diego (+15 percent), and Chicago (+9 percent). In Indianapolis, salaries are 5 percent below the national average and represent the lowest-paying market.

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Experience Affects Assistant Branch Manager, Banking Salaries




National Average
$41,000


Skills That Affect Assistant Branch Manager, Banking Salaries

Office Management
up arrow 10%

People Management
up arrow 6%


Operations Management
up arrow 4%

Mortgage Loans
up arrow 3%

Leadership
up arrow 1%

Sales
up arrow 1%

Team Leadership
up arrow 1%

Customer Relations
up arrow 1%

Banking
0%

National Average
$41,000

Customer Service
up arrow 1%

Consumer Loans
up arrow 1%

Customer Relationship Management (CRM)
up arrow 2%

Training
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 523 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
2%
1-4 years
29%
5-9 years
34%
10-19 years
26%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 81%
medical benefits
Vision: 69%
dental benefits
None: 11%
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