Bank Managers who are practiced in their profession and carry more than 10 years of experience make up just below two-thirds of Bank Managers. Pay fluctuates from $41K to $86K per year, but expected earnings average $59K annually. Total cash compensation for Bank Managers runs from $41K to $86K depending on bonuses that can occasionally exceed $14K and profit sharing that can reach almost $5K. The most influential factor affecting pay for this group is residence, though the specific employer and years of experience have a (lesser) impact as well. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Most Bank Managers report high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.
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$41,646 - $79,011
$42K
$59K
$79K
MEDIAN: $59,051
10%
50%
90%

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$13.01 - $28.62
$13
$17
$29
MEDIAN: $16.00
10%
50%
90%

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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$29K$58K$87K
Salary
$41,646 - $79,011  
   
Bonus
$1,185 - $14,464  
Profit Sharing
$0.00 - $5,440  
Commission
$625 - $11,000  
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).
)
$40,559 - $86,427  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 746
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$15$30$45
Hourly Rate
$13.01 - $28.62  
   
Overtime
$15.21 - $40.66  
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$30K$60K$90K
Bonus
$1,185 - $14,464  
   
Commission
$625 - $11,000  
Profit Sharing
$0.00 - $5,440  
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).
)
$40,559 - $86,427  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 48

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Bank Manager

The bank manager handles the day-to-day operations of a bank branch, which is usually owned and operated by a larger financial entity. They administer the bank’s policies, ensure adherence to company and legal regulations, and are responsible for supervising the other bank employees. They implement bank operations and budgets, and they are expected to run their operation in a profitable manner. The bank manager is expected to grow their branch by expanding its base of customers and ensure that the bank is marketed properly. Depending on the bank and the entity that owns it, continuing training on regulations and new requirements may be part of the bank manager’s job, and the manager should also expect to do a great deal of training to his or her own staff as well. Finally, the bank manager serves as the final authority on hiring decisions made by the bank, and should have a good working knowledge of human resource management.

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Bank Manager Tasks

  • Manage the daily activities of a bank branch or regional branches, including marketing, sales, HR, and bank profitability.
  • Establish and maintain strong relationships with customers, the community, and business partners.
  • Plan and implement strategies for bringing in new customers and improving sales of bank services.
  • Supervise and motivate bank staff, and oversee the hiring, training, and performance of employees.

Common Career Paths for Bank Manager


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Many Bank Managers move into Bank VP or Branch Manager roles, in which average pay is a slightly higher $71K per year.

Branch Manager, Banking Job Listings

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Popular Employer Salaries for Bank Manager


Leading companies who hire large numbers of Bank Managers include Bank of America Corp. (BOFA), J.P. Morgan Chase & Co. (JPMCC), Wells Fargo Bank, Chase Bank, and SunTrust Banks Inc. Bank Managers flock to J.P. Morgan Chase & Co. (JPMCC) for generous paychecks, where average earnings of $78K lead the pack in compensation; however, J.P. Morgan Chase & Co. (JPMCC) also provides employees with a wide spectrum of compensation ranging from $47K at one end to $102K at the other end. Other employers shelling out big bucks include Citizens Financial Group, Inc., The PNC Financial Services Group, Inc., and Chase Bank, where Bank Managers typically earn around $72K, $71K, or $70K, respectively.

Others at the bottom of the scale for this job include People's United Bank at $59K, and Wells Fargo Bank where $59K is the norm, but it is worth noting that some Bank Managers there earn up to $94K.

Popular Skills for Bank Manager


Bank Managers report using a diverse set of skills on the job. Most notably, skills in Sales, Customer Relationship Management, Business Development, and Sales Management are correlated to pay that is above average, with boosts between 7 percent and 10 percent. Skills that are correlated to lower pay, on the other hand, include Consumer Loans and Mortgage Loans. The majority of those who know Customer Service also know Operations Management.

Pay by Experience Level for Bank Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many Bank Managers, extensive experience does not lead to significantly more money. Those in the early stages of their career can expect to make around $53K; however, individuals with five to 10 years of experience bring in $61K on average — a distinctly larger sum. Bank Managers claiming one to two decades of experience make an estimated median of $64K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $65K.

Pay Difference by Location

National Average: $60,642

Larger city markers indicate a job is popular in that location.

Surpassing the national average by 34 percent, Bank Managers in San Jose receive some of the highest pay in the country. Bank Managers can also look forward to large paychecks in cities like Orlando (+20 percent), Dallas (+19 percent), Denver (+17 percent), and Chicago (+13 percent). The smallest paychecks in the market, 18 percent south of the national average, can be found in Houston.

Bank Manager Reviews

Q: What is it like working as a Bank Manager?

Bank Manager in Boston:
"Being a Bank Manager."
Pros: I absolutely love working with our clients. They are mostly from the "Union" world as this is not your typical bank. Work closely with the Massachusetts Carpenters. We service annuity payments and processed "stamp" orders. I enjoy working/managing a team. I love teaching them new projects and having one on one meetings with my staff. I enjoy challenging them and also rewarding them for all their good and hard work. I like having meetings with Risk and Compliance and other departments to learn new experiences and to understand how the whole bank works as we all need each other.
Cons: Working 10-12 hours a day without a break. Meetings to discuss meetings that we've already had.

Related Job Salaries

Key Stats for Bank Manager

Gender

Female
59 %
Male
41 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 100 votes.
Less than 1 year
1%
1-4 years
14%
5-9 years
22%
10-19 years
40%
20 years or more
22%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Bank Manager Salaries




National Average
$61,000


Skills That Affect Bank Manager Salaries

Sales
up arrow 10%

Customer Relationship Management (CRM)
up arrow 8%





National Average
$61,000


Mortgage Loans
up arrow 15%

Consumer Loans
up arrow 17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 100 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
1%
1-4 years
14%
5-9 years
22%
10-19 years
40%
20 years or more
22%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 85%
vision benefits
Vision: 76%
dental benefits
None: 8%
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