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Assistant Branch Manager, Banking Salary

Assistant Branch Managers of Banking in the United States take home an average $40K annually. Including potential for bonuses, profit sharing and commission — peaking near $6K, $4K, and $8K, respectively — total cash payment to Assistant Branch Managers of Banking can bottom out near $30K or top out at around $53K. Compensation for this group is mainly affected by the company, but geography and tenure are influential factors as well. For the most part, Assistant Branch Managers of Banking enjoy their work and report high levels of job satisfaction. Medical benefits are awarded to most, and a large number earn dental coverage. The numbers in this rundown were provided by PayScale's salary survey participants.
$30,597 - $50,963
(Median)
31K
35K
40K
45K
51K
MEDIAN: $39,852
10%
25%
50%
75%
90%

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$12.43 - $22.41
(Median)
12
16
19
22
MEDIAN: $16.00
10%
50%
75%
90%

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Show Annual Salary Show Hourly Rate

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
$30,597 - $50,963  
   
Bonus
$0.00 - $6,215  
Profit Sharing
$202.73 - $4,066  
Commission
$496.31 - $7,883  
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).
)
$30,055 - $53,474  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 2,308
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
$12.43 - $22.41  
   
Overtime
$16.89 - $33.55  
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 - $6,215  
   
Commission
$496.31 - $7,883  
Profit Sharing
$202.73 - $4,066  
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).
)
$30,055 - $53,474  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 597
United States (change)

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 if they take an upper-level role like Bank VP or Branch Manager. The position pays an average $71K annually. Banking Branch Managers or Bank Managers are common next-step roles for Assistant Branch Managers of Banking moving up in their careers; annual pay for Banking Branch Managers is $10K higher on average, and it's $15K higher for Bank Managers.

Assistant Branch Manager, Banking Job Listings

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Popular Employer Salaries for Assistant Branch Manager, Banking


Many Assistant Branch Managers of Banking can be found at Bank of America Corp. (BOFA), Chase Bank, J.P. Morgan Chase & Co. (JPMCC), The PNC Financial Services Group, Inc., and Citibank, firms that are at the top of the field. Although the highest salaries can be found at Citibank where median pay is $48K, there is little variation in compensation; paychecks are spread only between $37K and $63K. Other employers shelling out big bucks include Comerica Bank, Bank of America Corp. (BOFA), and Chase Bank, where Assistant Branch Managers of Banking typically earn around $46K, $46K, or $45K, respectively.

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. Others at the bottom of the scale for this job include Woodforest National Bank at $35K, and SunTrust Banks Inc. where $39K is the norm, but it is worth noting that some Assistant Branch Managers of Banking there earn up to $58K.

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 Sales Management, Mortgage Loans, Operations Management, and Team Leadership are correlated to pay that is above average, with boosts between 4 percent and 6 percent. For most people, competency in Banking indicates knowledge of 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. The average inexperienced worker earns $38K, and someone who has worked for five to 10 years can expect a bigger median salary of $41K. After working for 10 to 20 years, Assistant Branch Managers of Banking make a median salary of $42K. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $45K.

Pay Difference by Location


With a pay rate for Assistant Branch Managers of Banking that is 25 percent greater than the national average, New York offers a comfortable salary for those in this profession. Assistant Branch Managers of Banking can also look forward to large paychecks in cities like Los Angeles (+23 percent), Boston (+21 percent), Chicago (+12 percent), and Dallas (+12 percent). The lowest-paying market is Philadelphia, which sits 4 percent below the national average. Employers pay around 3 percent less in Indianapolis and 1 percent less in St. Louis, below-median salaries for those in this field.

Related Job Salaries

Experience Affects Assistant Branch Manager, Banking Salaries




National Average
$41,000


Skills That Affect Assistant Branch Manager, Banking Salaries


Operations Management
up arrow 4%

Mortgage Loans
up arrow 4%

Sales
up arrow 2%

Leadership
up arrow 2%

Team Leadership
up arrow 2%

Banking
up arrow 1%

Customer Relations
up arrow 1%

Customer Service
0%

National Average
$41,000

Consumer Loans
up arrow 1%

Training
up arrow 1%

Customer Relationship Management (CRM)
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 608 votes.

Gender

Female
69 %
Male
31 %

Years of Experience

Less than 1 year
2%
1-4 years
32%
5-9 years
35%
10-19 years
23%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 81%
vision benefits Vision: 68% employee benefits None: 11%