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Assistant Branch Manager, Banking Salary

Assistant Branch Managers of Banking in the United States pull down an average of $40K annually. The final incomes of Assistant Branch Managers of Banking generally vary between $30K and $54K; higher pay grades include potential for bonuses, profit sharing, and commissions as high as $6K, $4K, and $7K, respectively. The company is the biggest factor affecting pay for this group, followed by geography and years of experience. Job satisfaction for Assistant Branch Managers of Banking is high. Most report receiving medical coverage from their employers and a large number collect dental insurance. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$30,882 - $51,537
(Median)
$31K
$40K
$52K
MEDIAN: $40,206
10%
50%
90%

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$12.63 - $22.67
(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
$30,882 - $51,537  
   
Bonus
$0.00 - $6,332  
Profit Sharing
$176.17 - $3,991  
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).
)
$30,315 - $53,915  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 2,205
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
$12.63 - $22.67  
   
Overtime
$16.88 - $33.39  
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 - $6,332  
   
Commission
$507 - $7,353  
Profit Sharing
$176.17 - $3,991  
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).
)
$30,315 - $53,915  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 596

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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 may progress into high-paying roles like Bank VP or Branch Manager, where median compensation is $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


Well-known firms with a reputation for hiring numerous Assistant Branch Managers of Banking include Bank of America Corp. (BOFA), J.P. Morgan Chase & Co. (JPMCC), Chase Bank, The PNC Financial Services Group, Inc., and Citibank. Salary cannot be beat at Citibank, where median pay comes to $49K. The range seems somewhat confined, however; the lower end sits at $37K, and the higher end is not far away at $63K. Soaring salaries can also be found at Comerica Bank, Bank of America Corp. (BOFA), and Chase Bank, where earnings of $47K, $46K, or $46K are standard for Assistant Branch Managers of Banking.

Assistant Branch Managers of Banking will find the worst pay at First Convenience Bank, where the median salary crawls in at $33K. Furthermore, compensation is curbed at $42K, leaving little room for growth. 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 3 percent and 6 percent. Skills that pay less than market rate include People Management. 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.


For many Assistant Branch Managers of Banking, extensive experience does not lead to significantly more money. Workers with less than five years' experience earn around $39K on average, and those who have five to 10 years under their belts see a higher median salary of $41K. Assistant Branch Managers of Banking who work for 10 to 20 years in their occupation tend to earn about $42K. Veterans who have acquired more than 20 years report a median income of $46K, which is generally higher than the pay reported by other tenure groups.

Pay Difference by Location


New York is home to an above-average pay rate for Assistant Branch Managers of Banking, 27 percent higher than the national average. Assistant Branch Managers of Banking can also look forward to large paychecks in cities like Los Angeles (+22 percent), Boston (+19 percent), San Diego (+14 percent), and Dallas (+13 percent). Those in the field find the lowest salaries in Indianapolis, 4 percent below the national average. Two other places where employers offer below-median salaries are St. Louis (3 percent less) and Philadelphia (1 percent less).

Related Job Salaries

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 3%

Sales
up arrow 2%

Leadership
up arrow 1%

Team 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 566 votes.

Gender

Female
70 %
Male
30 %

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: 68% employee benefits None: 11%
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