Bank Manager Salary

Slightly less than three-fifths of Bank Managers in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $40K to $85K per year, and the average comes out to $57K per year. With bonuses occasionally running north of $14K, profit sharing proceeds sometimes surpassing $6K, and a few commissions as high as $12K, total income for Bank Managers can range between $40K and $85K according to individual performance. Geographic location is the main element affecting pay for this group — the company and years of experience are driving factors as well. Medical benefits are awarded to almost all, and a large number earn dental coverage. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 58 percent. Most Bank Managers report high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.
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$40,313 - $77,139
(Median)
$40K
$57K
$77K
MEDIAN: $57,330
10%
50%
90%

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$11.92 - $26.93
(Median)
$12
$16
$27
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
$40,313 - $77,139  
   
Bonus
$730 - $13,953  
Profit Sharing
$0.00 - $5,641  
Commission
$1,454 - $12,365  
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).
)
$40,110 - $84,880  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,249
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
$11.92 - $26.93  
   
Overtime
$0.00 - $38.93  
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
$730 - $13,953  
   
Commission
$1,454 - $12,365  
Profit Sharing
$0.00 - $5,641  
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).
)
$40,110 - $84,880  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 39
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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

  • 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.
  • 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.

Common Career Paths for Bank Manager


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Bank Managers may enjoy increased earnings if they become Bank VPs & Branch Managers. This seems to be a popular career move, and Bank VP or Branch Manager earn a slightly higher median of $71K annually.

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), Wells Fargo Bank, The PNC Financial Services Group, Inc., Chase Bank, and J.P. Morgan Chase & Co. (JPMCC). Bank Managers flock to J.P. Morgan Chase & Co. (JPMCC) for generous paychecks, where average earnings of $79K lead the pack in compensation; however, J.P. Morgan Chase & Co. (JPMCC) also provides employees with a wide spectrum of compensation ranging from $53K at one end to $103K at the other end. Other big spenders include Citizens Financial Group, Inc., Chase Bank, and Bank of America Corp. (BOFA), top-paying firms where Bank Managers see paychecks nearing $76K, $73K, or $69K.

Workers also receive paychecks lighter than average at us bank ($59K), People's United Bank ($59K), and U.S. Bank ($60K).

Popular Skills for Bank Manager


Bank Managers report using a pretty varied skill set on the job. Most notably, skills in Sales, Customer Relationship Management, Sales Management, and Business Development are correlated to pay that is above average, with boosts between 5 percent and 11 percent. Skills that pay less than market rate include Mortgage Loans and Consumer Loans. Most people 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 Bank Managers, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Respondents with less than five years' experience take home $54K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $60K. The average pay reported by folks with 10 to 20 years of experience is around $63K. In the end, more experience does seem to mean larger paychecks; seasoned Bank Managers with more than 20 years of experience earn a predictably higher median salary of $67K.

Pay Difference by Location

National Average: $60,377

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

San Jose is home to an above-average pay rate for Bank Managers, 35 percent higher than the national average. Bank Managers will also find cushy salaries in Los Angeles (+29 percent), Baltimore (+24 percent), Seattle (+22 percent), and Boston (+22 percent). The lowest-paying market is Miami, which sits 10 percent below the national average.

Bank Manager Reviews

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.

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Experience Affects Bank Manager Salaries



National Average
$60,000



Skills That Affect Bank Manager Salaries

Customer Relationship Management (CRM)
up arrow 11%

Sales
up arrow 11%



People Management
up arrow 2%

Operations Management
0%

National Average
$60,000

Customer Service
up arrow 1%

Consumer Loans
up arrow 17%

Mortgage Loans
up arrow 19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 211 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
1%
1-4 years
16%
5-9 years
25%
10-19 years
37%
20 years or more
20%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 83%
medical benefits
Vision: 72%
dental benefits
None: 8%
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