Assistant Branch Manager, Banking Salary

Assistant Branch Managers of Banking in the United States can expect wages of $43K annually on average. Including potential for bonuses and profit sharing — peaking near $7K and $4K, respectively — total cash payment to Assistant Branch Managers of Banking can bottom out near $32K or peak near $56K depending on individual performance. The most influential factor affecting pay for this group is residence, though the specific employer and years of experience have a (lesser) impact as well. Female Assistant Branch Managers of Banking make up most of the survey respondents at 72 percent. In this profession, most enjoy medical and dental coverage, and a strong majority have vision insurance, as well. Job satisfaction is high and work is enjoyable for most Assistant Branch Managers of Banking. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$34,105 - $54,596
$34K
$43K
$55K
MEDIAN: $43,182
10%
50%
90%

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$13.31 - $24.36
$13
$18
$24
MEDIAN: $17.84
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
$34,105 - $54,596  
   
Bonus
$483.58 - $6,694  
Profit Sharing
$0.00 - $4,000  
Commission
$514 - $5,178  
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).
)
$31,897 - $55,836  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 1,130
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
$13.31 - $24.36  
   
Overtime
$18.17 - $37.19  
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
$483.58 - $6,694  
   
Commission
$514 - $5,178  
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).
)
$31,897 - $55,836  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 470

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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 who go on to become Bank VPs & Branch Managers may see their salaries climb quite a bit. Median pay for Bank VPs & Branch Managers is $71K annually. A common career progression for an Assistant Branch Manager of Banking is to become a Banking Branch Manager or a Bank Manager. Compared to Assistant Branch Managers of Banking, the first group earns $9K more on average, and the second group earns $15K more.

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. 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.

Workers at Woodforest National Bank, SunTrust Banks Inc., and Bbva Compass also face smaller salaries than the rest of the field — average earnings for these employers come to $40K, $40K, and $41K respectively.

Popular Skills for Assistant Branch Manager, Banking


Survey participants wield an impressively varied skill set on the job. Most notably, skills in Office Management, Operations Management, Sales Management, and People Management are correlated to pay that is above average. At the other end of the pay range are skills like 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: $43,093

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

For Assistant Branch Managers of Banking, busy New York offers a higher-than-average pay rate, 26 percent above the national average. Assistant Branch Managers of Banking can also look forward to large paychecks in cities like San Diego (+22 percent), Boston (+19 percent), Los Angeles (+15 percent), and Seattle (+11 percent). Those in the field find the lowest salaries in San Antonio, 16 percent below the national average. A couple other locations with smaller-than-average paychecks include Baton Rouge (15 percent lower) and Philadelphia (7 percent lower).

Related Job Salaries

Key Stats for Assistant Branch Manager, Banking

Gender

Female
72 %
Male
28 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 246 votes.
Less than 1 year
1%
1-4 years
30%
5-9 years
28%
10-19 years
29%
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
▲6%



▲1%

▲1%


Banking
▼0%

Team Leadership
▼0%

National Average
$43,000






▼3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 246 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
1%
1-4 years
30%
5-9 years
28%
10-19 years
29%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 81%
vision benefits
Vision: 71%
no benefits
None: 11%
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