Assistant Branch Manager, Banking Salary
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
At the upper end, Assistant Branch Managers of Banking who move into a Bank VP or Branch Manager role can end up with a hefty increase in pay. The average income for Bank VPs & Branch Managers is a much higher $71K per year. The most common next step for an Assistant Branch Manager of Banking is to become a Banking Branch Manager or a Bank Manager. The former position pays an additional $9K per year on average, and the latter position pays $15K more per year.
Assistant Branch Manager, Banking Job Listings
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Popular Employer Salaries for Assistant Branch Manager, Banking
Known for taking on a considerable number of Assistant Branch Managers of Banking, Bank of America Corp. (BOFA), Regions Bank, Citibank, U.S. Bank, and Chase Bank are leading firms in the industry. 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, Bank of America Corp. (BOFA), and J.P. Morgan Chase & Co. (JPMCC) are a few other companies that offer generous salaries, with Assistant Branch Managers of Banking earning around $50K, $47K, or $46K at each firm, respectively.
Workers also receive paychecks lighter than average at First Convenience Bank ($34K), Woodforest National Bank ($39K), and SunTrust Banks Inc. ($40K).
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 Office Management, People Management, Operations Management, and Sales Management are correlated to pay that is above average, with boosts in pay of 7 percent. Those familiar with Banking also tend to know Leadership and Operations Management.
Pay by Experience Level for Assistant Branch Manager, Banking
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Assistant Branch Managers of Banking, experience does not seem to be a major factor in determining pay. Survey participants with less than five years' experience pocket $40K on average, but those with five to 10 years of experience enjoy a much bigger median of $43K. For Assistant Branch Managers of Banking, 10 to 20 years of experience on the job amounts to an average salary of $45K. Assistant Branch Managers of Banking who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $47K on average.
Pay Difference by Location
Assistant Branch Managers of Banking will find that New York offers an impressive pay rate, one which exceeds the national average by 32 percent. Assistant Branch Managers of Banking will also find cushy salaries in San Diego (+21 percent), Los Angeles (+17 percent), Chicago (+11 percent), and Seattle (+10 percent). The smallest paychecks in the market, 15 percent south of the national average, can be found in San Antonio. Below-median salaries also turn up in Baton Rouge and Charlotte (14 percent lower and 7 percent lower, respectively).