Bank Manager Salary

Bank Managers in the United States tend to be well-versed in their field, and slightly less than two-thirds have more than 10 years of experience. Average salary is expected to be around $59K per year, but may range from $40K to $87K per year. Cash earnings for Bank Managers — including $15K in bonuses and $5K in profit sharing proceeds near the top of the pay scale — generally stretch from $40K to $87K depending on individual performance. Earnings for this group are mostly affected by geography, followed by the company and years of experience. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. Most Bank Managers like their work and job satisfaction is high. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$41,160 - $79,132
$41K
$59K
$79K
MEDIAN: $58,958
10%
50%
90%

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$13.01 - $28.62
$13
$17
$29
MEDIAN: $16.93
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
$41,160 - $79,132  
   
Bonus
$1,162 - $14,703  
Profit Sharing
$0.00 - $5,192  
Commission
$515 - $12,080  
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).
)
$40,061 - $86,858  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 696
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
$1,162 - $14,703  
   
Commission
$515 - $12,080  
Profit Sharing
$0.00 - $5,192  
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).
)
$40,061 - $86,858  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 48

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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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Bank Managers often transition into upper-level roles like Bank VP or Branch Manager, for which the average compensation is $71K per year.

Branch Manager, Banking Job Listings

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Popular Employer Salaries for Bank Manager


Bank Managers fill the offices of leading firms Bank of America Corp. (BOFA), J.P. Morgan Chase & Co. (JPMCC), Wells Fargo Bank, SunTrust Banks Inc., and People's United Bank. Although J.P. Morgan Chase & Co. (JPMCC) heads up the field in terms of compensation, offering the highest median salary at $78K, pay at this particular employer still varies considerably, running the full spectrum from $47K to $102K. Other big spenders include Citizens Financial Group, Inc., Chase Bank, and The PNC Financial Services Group, Inc., top-paying firms where Bank Managers see paychecks nearing $72K, $72K, or $71K.

The smallest paychecks can be found at Wells Fargo Bank — the median salary there is $56K; however, employees are subject to a wide range in pay, with salaries varying between $45K and $95K. Us bank, People's United Bank, and Regions Bank also rank near the bottom for pay, each handing out $59K-paychecks on average.

Popular Skills for Bank Manager


Survey results imply that Bank Managers put a diverse skill set to use. 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 11 percent. At the other end of the pay range are skills like Consumer Loans and Mortgage Loans. For most people, competency in Customer Service indicates knowledge of Operations Management.

Pay by Experience Level for Bank Manager

Pay by Experience for a Bank Manager has a positive trend. An entry-level Bank Manager with less than 5 years of experience can expect to earn an average total compensation of $52,000 based on 164 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Bank Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $61,000 based on 246 salaries. An experienced Bank Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $64,000 based on 343 salaries. A Bank Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $65,000 based on 174 salaries.

Pay Difference by Location

National Average: $60,539

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

Bank Managers will find that Seattle offers an impressive pay rate, one which exceeds the national average by 36 percent. Bank Managers will also find cushy salaries in San Jose (+35 percent), Orlando (+22 percent), Dallas (+19 percent), and Chicago (+14 percent). The smallest paychecks in the market, 16 percent south of the national average, can be found in Houston. Employers in New York and Jacksonville also lean toward paying below-median salaries (9 percent lower and 4 percent lower, respectively).

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 103 votes.
Less than 1 year
1%
1-4 years
15%
5-9 years
21%
10-19 years
40%
20 years or more
23%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Bank Manager Salaries

▲7%

▲5%

▼0%

National Average
$61,000

▼14%

Skills That Affect Bank Manager Salaries

Sales
▲11%

Customer Relationship Management (CRM)
▲8%





National Average
$61,000


Mortgage Loans
▼15%

Consumer Loans
▼17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 103 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
1%
1-4 years
15%
5-9 years
21%
10-19 years
40%
20 years or more
23%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 85%
vision benefits
Vision: 76%
no benefits
None: 7%