Assistant Branch Manager, Banking Salary
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
At the upper end, Assistant Branch Managers of Banking who move into a Bank VP or Branch Manager role can end up with a hefty increase in pay. The average income for Bank VPs & Branch Managers is a much higher $71K per year. The most common next step for an Assistant Branch Manager of Banking is to become a Banking Branch Manager or a Bank Manager. The former position pays an additional $9K per year on average, and the latter position pays $15K more per year.
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, Bank of America Corp. (BOFA), U.S. Bank, and The PNC Financial Services Group, Inc., highly regarded companies that employ a generous number of people in this profession. 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. Also paying near the top of the field are Citibank at $50K, TD Bank, N.A. at $49K, and Comerica Bank, where Assistant Branch Managers of Banking annually earn $48K.
Woodforest National Bank offers the least pay with a median salary of $40K; furthermore, salaries there max out at only $48K. Other low-paying employers include SunTrust Banks Inc. at $40K and Bbva Compass at $41K, though some Assistant Branch Managers of Banking there earn up to $61K.
Popular Skills for Assistant Branch Manager, Banking
Assistant Branch Managers of Banking seem to exploit a large range of skills on the job. Most notably, skills in Office Management, Operations Management, Sales Management, and Sales are correlated to pay that is above average, with boosts between 3 percent and 6 percent. The majority of those who know Banking also know Leadership and Operations Management.
Pay by Experience Level for Assistant Branch Manager, Banking
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Assistant Branch Managers of Banking, experience does not seem to be a major factor in determining pay. People who have worked for fewer than five years earn around $40K, and folks with five to 10 years of experience see a modestly higher median of $43K. On average, Assistant Branch Managers of Banking make $45K following one to two decades on the job. Assistant Branch Managers of Banking who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $48K.
Pay Difference by Location
For Assistant Branch Managers of Banking, busy New York offers a higher-than-average pay rate, 28 percent above the national average. Assistant Branch Managers of Banking will also find cushy salaries in San Diego (+22 percent), Boston (+18 percent), Los Angeles (+16 percent), and Seattle (+13 percent). The lowest-paying market is San Antonio, which sits 15 percent below the national average. A couple other locations with smaller-than-average paychecks include Baton Rouge (14 percent lower) and Philadelphia (4 percent lower).
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