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Assistant Branch Manager, Banking Salary

Assistant Branch Managers of Banking in the United States can expect to earn an average of $40K annually. Individual bonuses, profit sharing and commission for Assistant Branch Managers of Banking — as high as $6K, $4K and $7K, respectively — each contribute to the degree of variation within overall compensation, ranging from $30K to $54K. While geography and experience level impact pay for this group, the particular firm is the most influential factor. Most report receiving medical coverage from their employers and a large number collect dental insurance. The majority of workers are highly satisfied with their job. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$30,842 - $51,457
(Median)
$31K
$40K
$51K
MEDIAN: $40,141
10%
50%
90%

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$12.62 - $22.65
(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
$30,842 - $51,457  
   
Bonus
$0.00 - $6,284  
Profit Sharing
$200.00 - $4,000  
Commission
$507 - $7,353  
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).
)
$30,295 - $53,843  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 2,198
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
$12.62 - $22.65  
   
Overtime
$16.93 - $33.32  
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 - $6,284  
   
Commission
$507 - $7,353  
Profit Sharing
$200.00 - $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).
)
$30,295 - $53,843  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 600

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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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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. Assistant Branch Managers of Banking most often move into positions as Banking Branch Managers or Bank Managers; those groups report median salaries that are $10K higher and $15K higher, respectively.

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, The PNC Financial Services Group, Inc., and Citibank are all popular places to work. Employees at Citibank enjoy the biggest paychecks, and $49K is the median salary. Range in pay, on the other hand, is narrow, with lower figures hovering around $37K and higher ones not far away at only $63K. Assistant Branch Managers of Banking will also find cushy salaries at Comerica Bank (+$47K), Bank of America Corp. (BOFA) (+$46K), and Chase Bank (+$45K).

First Convenience Bank offers the lowest pay in the field with a median salary of just $33K. There's also little variation in pay at the company, with pay ranging from $26K to $42K. Employees at Woodforest National Bank, Wells Fargo Bank, and Citizens Financial Group, Inc. can also expect below-average earnings of $36K, $38K, and $39K.

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 Sales Management, Operations Management, Mortgage Loans, and Sales are correlated to pay that is above average, with boosts between 4 percent and 6 percent. Skills that seem to negatively impact pay include People Management. The majority of those who know Banking also 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.


More years of relevant experience do not necessarily translate to higher paychecks. Average salaries for inexperienced employees average out to around $39K, but folks who have five to 10 years of experience earn a higher median of $41K. Assistant Branch Managers of Banking who work for 10 to 20 years in their occupation tend to earn about $42K. As Assistant Branch Managers of Banking reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $46K.

Pay Difference by Location


New York offers some of the highest pay in the country for Assistant Branch Managers of Banking, 26 percent above the national average. Assistant Branch Managers of Banking can also look forward to large paychecks in cities like Los Angeles (+22 percent), San Diego (+14 percent), Dallas (+13 percent), and Chicago (+12 percent). Indianapolis is home to the smallest salaries in the field, lagging the national average by 4 percent. Below-median salaries also turn up in St. Louis and Philadelphia (3 percent lower and 2 percent lower, respectively).

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United States (change)

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%

Team Leadership
up arrow 2%

Leadership
up arrow 1%

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 2%

Training
up arrow 2%

People Management
up arrow 12%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 573 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
2%
1-4 years
31%
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: 68% employee benefits None: 11%
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