Assistant Branch Manager, Banking Salary

Average Assistant Branch Managers of Banking in the United States make around $43K per year. Total cash compensation to Assistant Branch Managers of Banking bottoms out near $32K and approaches $55K on the high end; the biggest paychecks include approximately $7K from bonuses and almost $4K from profit sharing. The most important factor affecting compensation for this group is location, followed by the company and experience level. Most Assistant Branch Managers of Banking survey respondents are women (71 percent). A large number report receiving medical and dental coverage from their employers and a fair number collect vision insurance. For the most part, Assistant Branch Managers of Banking enjoy their work and report high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$34,158 - $54,257
$34K
$43K
$54K
MEDIAN: $43,078
10%
50%
90%

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$13.29 - $24.10
$13
$18
$24
MEDIAN: $17.68
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
$34,158 - $54,257  
   
Bonus
$482.12 - $6,846  
Profit Sharing
$0.00 - $4,000  
Commission
$512 - $5,198  
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).
)
$32,027 - $55,384  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 1,109
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$13$26$39
Hourly Rate
$13.29 - $24.10  
   
Overtime
$18.17 - $36.35  
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$26K$52K$78K
Bonus
$482.12 - $6,846  
   
Commission
$512 - $5,198  
Profit Sharing
$0.00 - $4,000  
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).
)
$32,027 - $55,384  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 432

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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 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 $9K more and $15K more on average.

Assistant Branch Manager, Banking Job Listings

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Popular Employer Salaries for Assistant Branch Manager, Banking


Assistant Branch Managers of Banking flock to Regions Bank, Citibank, U.S. Bank, Bank of America Corp. (BOFA), and Chase Bank, highly regarded companies that employ a generous number of people in this profession. Employees at Chase Bank enjoy the biggest paychecks, and $50K is the median salary. Range in pay, on the other hand, is narrow, with lower figures hovering around $35K and higher ones not far away at only $60K. Those in search of high salaries should also consider Citibank, The PNC Financial Services Group, Inc., and Bank of America Corp. (BOFA), top-paying firms where Assistant Branch Managers of Banking rake in a respectable $50K, $48K, or $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 results imply that Assistant Branch Managers of Banking deploy a substantial tool kit of skills at 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. Those educated in Banking tend to be well versed in 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: $43,035

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 will also find cushy salaries in San Diego (+22 percent), Boston (+19 percent), Los Angeles (+15 percent), and Seattle (+11 percent). San Antonio is home to the smallest salaries in the field, lagging the national average by 16 percent. Not at the bottom but still paying below the median are employers in Baton Rouge and Philadelphia (15 percent lower and 7 percent lower, respectively).

Related Job Salaries

Key Stats for Assistant Branch Manager, Banking

Gender

Female
71 %
Male
29 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 221 votes.
Less than 1 year
1%
1-4 years
30%
5-9 years
29%
10-19 years
28%
20 years or more
11%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Assistant Branch Manager, Banking Salaries

▲11%

▲5%

National Average
$43,000

▼1%

▼6%

Skills That Affect Assistant Branch Manager, Banking Salaries

Office Management
▲6%




▲1%

▲1%

Banking
▼0%

Team Leadership
▼0%

National Average
$43,000






▼3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 221 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
1%
1-4 years
30%
5-9 years
29%
10-19 years
28%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 82%
vision benefits
Vision: 72%
no benefits
None: 10%