Assistant Branch Manager, Banking Salary

For Assistant Branch Managers of Banking, annual average wages total $40K per year. Total cash earnings of Assistant Branch Managers of Banking range from $31K on the low end to $54K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $6K and $4K, respectively. The particular firm is the biggest factor affecting pay for this group, followed by the particular city and experience level. Medical benefits are awarded to a large number, and most earn dental coverage. Most Assistant Branch Managers of Banking survey respondents are women (71 percent). The majority of workers are highly satisfied with their job. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$31,029 - $51,603
(Median)
$31K
$40K
$52K
MEDIAN: $40,302
10%
50%
90%

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$12.69 - $22.61
(Median)
$13
$17
$23
MEDIAN: $16.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$18K$36K$54K
Salary
$31,029 - $51,603  
   
Bonus
$0.00 - $6,221  
Profit Sharing
$92.00 - $4,041  
Commission
$511 - $5,817  
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).
)
$30,506 - $53,951  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 2,173
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$12$24$36
Hourly Rate
$12.69 - $22.61  
   
Overtime
$16.88 - $33.44  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$24K$48K$72K
Bonus
$0.00 - $6,221  
   
Commission
$511 - $5,817  
Profit Sharing
$92.00 - $4,041  
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).
)
$30,506 - $53,951  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 582
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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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For Assistant Branch Managers of Banking, progressing to a Bank VP or Branch Manager role may result in a significant raise. On average, a Bank VP or Branch Manager can earn $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 $10K 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


Bank of America Corp. (BOFA), J.P. Morgan Chase & Co. (JPMCC), Chase Bank, Citibank, and The PNC Financial Services Group, Inc. are top-notch employers for Assistant Branch Managers of Banking in this area. Citibank offers the best pay with a median salary of $49K, though salaries there don't seem that varied, bottoming out near $37K and maxing out at just $63K. Also paying near the top of the field are Comerica Bank at $47K, Bank of America Corp. (BOFA) at $46K, and TD Bank, N.A., where Assistant Branch Managers of Banking annually earn $45K.

Pay for Assistant Branch Managers of Banking is the lowest at First Convenience Bank, which has a median salary of $33K. In addition, there's little room to grow there, with salaries maxing out at $42K. A few other companies with smaller-than-average paychecks include Woodforest National Bank ($36K), Citizens Financial Group, Inc. ($38K), and Wells Fargo Bank ($38K).

Popular Skills for Assistant Branch Manager, Banking


Assistant Branch Managers of Banking seem to wield many skills on the job. Most notably, skills in Sales Management, Mortgage Loans, Operations Management, and Sales are correlated to pay that is above average, with boosts between 3 percent and 5 percent. At the other end of the pay range are skills like People Management. Those familiar with Banking also tend to know 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.


Experience and pay tend to be weakly linked for Assistant Branch Managers of Banking — those with more experience do not necessarily bring in higher earnings. Relatively untried employees who have fewer than five years of experience earn around $39K on average. People who have worked for five to 10 years can expect a higher median salary of $41K. For Assistant Branch Managers of Banking, 10 to 20 years of experience on the job amounts to an average salary of $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 $45K.

Pay Difference by Location


Home to some of the best pay for Assistant Branch Managers of Banking, New York offers exceptional salaries, 26 percent above the national average. Assistant Branch Managers of Banking will also find cushy salaries in Los Angeles (+20 percent), Boston (+17 percent), San Diego (+13 percent), and Dallas (+13 percent). Trailing the national average by 4 percent, Indianapolis is the market with the smallest paychecks. Philadelphia and St. Louis are a couple other places where companies are known to pay below the median — salaries are 3 percent lower and 1 percent lower, respectively.

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Experience Affects Assistant Branch Manager, Banking Salaries




National Average
$41,000


Skills That Affect Assistant Branch Manager, Banking Salaries


Mortgage Loans
up arrow 4%

Operations Management
up arrow 3%

Sales
up arrow 2%

Leadership
up arrow 2%

Team Leadership
up arrow 2%

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 1%

Training
up arrow 2%

People Management
up arrow 12%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 543 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
2%
1-4 years
30%
5-9 years
35%
10-19 years
25%
20 years or more
8%

Common Health Benefits

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