Bank Manager Salary

With just under three-fifths of Bank Managers in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Bank Managers is $57K per year and can range from $40K on the lower end to $85K per year near the higher end. Cash earnings for Bank Managers — including $14K in bonuses and $6K in profit sharing proceeds near the top of the pay scale — generally stretch from $40K to $85K depending on individual performance. While the company and experience level impact pay for this group, geography is the most influential factor. 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. The majority of workers are highly satisfied with their job. This report is based on responses to the PayScale salary survey.
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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 often end up in upper-level roles like Bank VP or Branch Manager. Bank VPs & Branch Managers bring home $71K annually on average.

Branch Manager, Banking Job Listings

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Popular Employer Salaries for Bank Manager


Well-known firms with a reputation for hiring numerous Bank Managers include Bank of America Corp. (BOFA), Wells Fargo Bank, The PNC Financial Services Group, Inc., Chase Bank, and J.P. Morgan Chase & Co. (JPMCC). The biggest paychecks can be found at J.P. Morgan Chase & Co. (JPMCC) — the median salary there is $79K; however, employees are subject to a wide range in pay, with the lowest salaries sitting near $53K and highest ones in the neighborhood of $103K. Other leaders in compensation levels are Citizens Financial Group, Inc. at $76K, Chase Bank at $73K, and Bank of America Corp. (BOFA), where Bank Managers annually earn $69K.

Also approaching the lower end are us bank at $59K, People's United Bank at $59K, and U.S. Bank at $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. At the other end of the pay range are skills like Mortgage Loans and Consumer Loans. Those familiar with Customer Service also tend to know Operations Management.

Pay by Experience Level for Bank Manager

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


Experience does not seem to be a strong driver of pay increase in this role. Salaries for the relatively untried average out to around $54K, but survey participants with five to 10 years of experience earn a significantly higher median of $60K. The average pay reported by folks with 10 to 20 years of experience is around $63K. Bank Managers who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $67K.

Pay Difference by Location

National Average: $60,377

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

San Jose offers some of the highest pay in the country for Bank Managers, 35 percent above 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). Miami ranks last in the field for pay, reporting salaries 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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