Assistant Branch Manager, Banking Salary

Assistant Branch Managers of Banking in the United States can expect wages of $40K annually on average. Final cash compensation to Assistant Branch Managers of Banking varies from around $31K to approximately $54K; choice pay grades include potential for bonuses and profit sharing as high as $6K and $4K, respectively. The particular firm is the main element affecting pay for this group — geography and tenure are driving factors as well. Female Assistant Branch Managers of Banking make up most of the survey respondents at 71 percent. The majority of workers are highly satisfied with their job. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to the larger part. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
Read More
$31,231 - $51,693

Add this chart to your site: 640px    300px

$12.76 - $22.69

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$19K$38K$57K
Salary
$31,231 - $51,693  
   
Bonus
$0.00 - $6,184  
Profit Sharing
$171.27 - $4,109  
Commission
$504 - $5,960  
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).
)
$30,636 - $54,015  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 2,145
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$12$24$36
Hourly Rate
$12.76 - $22.69  
   
Overtime
$16.88 - $33.75  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Bonus
$0.00 - $6,184  
   
Commission
$504 - $5,960  
Profit Sharing
$171.27 - $4,109  
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).
)
$30,636 - $54,015  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 586
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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


Add this chart to your site:   640px 640px    300px 300px


As Assistant Branch Managers of Banking transition into upper-level roles such as Bank VP or Branch Manager, they may see a strong upturn in salary. Bank VPs & Branch Managers earn $71K on average per year. Career advancement for the typical Assistant Branch Manager of Banking often leads to becoming a Banking Branch Manager or a Bank Manager; median salaries in these positions are $10K higher and $15K higher, respectively.

Assistant Branch Manager, Banking Job Listings

Search for more jobs:

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 among the top companies that take on many Assistant Branch Managers of Banking. Pay for Assistant Branch Managers of Banking is best at Citibank, which offers a median salary of $49K. However, the highest reported salaries don't seem to be much higher than the lowest ones; the pay range here runs from $37K to $63K. Soaring salaries can also be found at Comerica Bank, Bank of America Corp. (BOFA), and TD Bank, N.A., where earnings of $47K, $46K, or $45K are standard for Assistant Branch Managers of Banking.

With a median salary of $33K, First Convenience Bank provides Assistant Branch Managers of Banking with the lowest pay in their field; moreover, earnings are capped at only $42K, limiting employee salary growth. Woodforest National Bank, Citizens Financial Group, Inc., and Wells Fargo Bank also rank near the bottom for pay, handing out $36K, $38K, and $38K-paychecks on average.

Popular Skills for Assistant Branch Manager, Banking


Assistant Branch Managers of Banking report using a large range of 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 4 percent and 6 percent. Most people familiar with 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.


Assistant Branch Managers of Banking with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. 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. After working for 10 to 20 years, Assistant Branch Managers of Banking make a median salary of $43K. In the end, more experience does seem to mean larger paychecks; seasoned Assistant Branch Managers of Banking with more than 20 years of experience earn a predictably higher median salary of $46K.

Pay Difference by Location


For Assistant Branch Managers of Banking, working in the bustling city of New York has its advantages, including an above-average pay rate. Assistant Branch Managers of Banking can also look forward to large paychecks in cities like Los Angeles (+21 percent), Boston (+18 percent), San Diego (+14 percent), and Dallas (+13 percent). In Indianapolis, salaries are 4 percent below the national average and represent the lowest-paying market.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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 1%

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 1%

Training
up arrow 2%

People Management
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 531 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: 80%
vision benefits Vision: 69% employee benefits None: 11%
ADVERTISEMENT