Assistant Branch Manager, Banking Salary

Assistant Branch Managers of Banking in the United States take home approximately $40K annually on average. Overall incomes of Assistant Branch Managers of Banking — including $6K bonuses, $4K profit sharing proceeds, and $7K commissions on the more lucrative end — generally ranges between $30K and $54K. Earnings for this group are mostly affected by the particular firm, followed by geography and tenure. The majority of workers are highly satisfied with their job. Medical benefits are awarded to most, and a large number earn dental coverage. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$30,775 - $51,330
(Median)
$31K
$40K
$51K
MEDIAN: $40,056
10%
50%
90%

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$12.52 - $22.64
(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
$30,775 - $51,330  
   
Bonus
$0.00 - $6,239  
Profit Sharing
$289.06 - $4,033  
Commission
$498.67 - $7,152  
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).
)
$30,204 - $53,700  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 2,206
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
$12.52 - $22.64  
   
Overtime
$17.03 - $33.07  
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 - $6,239  
   
Commission
$498.67 - $7,152  
Profit Sharing
$289.06 - $4,033  
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).
)
$30,204 - $53,700  
Country: United States | Currency: USD | Updated: 1 Apr 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 experience a large salary bump if they progress into a role such as Bank VP or Branch Manager. The latter position pays an average of $71K annually. It is quite typical for Assistant Branch Managers of Banking to transition into roles as Banking Branch Managers or Bank Managers, where reported median earnings are $10K and $15K higher per year.

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 $48K 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. Other employers shelling out big bucks include Comerica Bank, New York Community Bank (NYCB), and Bank of America Corp. (BOFA), where Assistant Branch Managers of Banking typically earn around $47K, $46K, or $46K, respectively.

Not only do salaries lack room to grow — pay ranges from $26K to just $42K — but First Convenience Bank offers the lowest pay in town to boot, with a median paycheck of $33K. Woodforest National Bank, Wells Fargo Bank, and SunTrust Banks Inc. are a few other employers known for handing out relatively lightweight salaries ($36K, $38K, and $39K respectively).

Popular Skills for Assistant Branch Manager, Banking


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Sales Management, Mortgage Loans, Operations Management, and Sales are correlated to pay that is above average, with boosts in pay of 5 percent. Skills that seem to negatively impact pay include People Management. Those familiar with Banking also tend to 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 a lot of experience do not necessarily enjoy more money. Salaries for inexperienced workers average out to $41K, and those with five to 10 years' experience earn a higher median of $39K. Assistant Branch Managers of Banking claiming one to two decades of experience make an estimated median of $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 $45K.

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 26 percent. Assistant Branch Managers of Banking can also look forward to large paychecks in cities like Los Angeles (+22 percent), Boston (+21 percent), Dallas (+13 percent), and Chicago (+10 percent). The smallest paychecks in the market, 3 percent south of the national average, can be found in Indianapolis. Below-median salaries also turn up in St. Louis and Philadelphia (3 percent lower and 2 percent lower, respectively).

Related Job Salaries

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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 3%

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%

Customer Relationship Management (CRM)
up arrow 2%

Training
up arrow 2%

People Management
up arrow 11%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 585 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%