Bank Manager Salary

Bank Managers in the United States tend to be well-versed in their field, and a little over a half have more than 10 years of experience. Average salary is expected to be around $57K annually, but may range from $40K to $83K per year. Total cash earnings of Bank Managers range from $40K on the low end to $83K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $13K and $6K, respectively. Earnings for this group are mostly affected by residence, followed by the specific employer and tenure. Most Bank Managers like their work and job satisfaction is high. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 59 percent. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a strong majority. This overview is based on answers to PayScale's salary questionnaire.
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$40,036 - $75,353
(Median)
$40K
$57K
$75K
MEDIAN: $56,778
10%
50%
90%

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$12.08 - $26.63
(Median)
$12
$17
$27
MEDIAN: $17.00
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$28K$56K$84K
Salary
$40,036 - $75,353  
   
Bonus
$783 - $12,595  
Profit Sharing
$18.38 - $5,772  
Commission
$979 - $12,255  
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).
)
$39,948 - $83,142  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 1,048
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$14$28$42
Hourly Rate
$12.08 - $26.63  
   
Overtime
$0.00 - $39.18  
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$28K$56K$84K
Bonus
$783 - $12,595  
   
Commission
$979 - $12,255  
Profit Sharing
$18.38 - $5,772  
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).
)
$39,948 - $83,142  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 31
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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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Many Bank Managers advance into a slightly higher-paying Bank VP or Branch Manager position. Average compensation for Bank VPs & Branch Managers is $71K.

Branch Manager, Banking Job Listings

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Popular Employer Salaries for Bank Manager


Bank of America Corp. (BOFA), Wells Fargo Bank, The PNC Financial Services Group, Inc., Chase Bank, and J.P. Morgan Chase & Co. (JPMCC) are leaders in the field that employ a large number of Bank Managers. The biggest paychecks can be found at J.P. Morgan Chase & Co. (JPMCC) — the median salary there is $77K; however, employees are subject to a wide range in pay, with the lowest salaries sitting near $47K and highest ones in the neighborhood of $103K. Other leaders in compensation levels are Chase Bank at $72K, Bank of America Corp. (BOFA) at $69K, and KeyBank, where Bank Managers annually earn $68K.

Employees at us bank, U.S. Bank, and TD Bank, N.A. can also expect below-average earnings of $59K, $60K, and $60K.

Popular Skills for Bank Manager


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Sales, Customer Relationship Management, Business Development, and Sales Management 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. For most people, competency in Customer Service indicates knowledge of Operations Management.

Pay by Experience Level for Bank Manager

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


Bank Managers do not generally earn higher incomes from more experience in the field. Workers in their first five years can expect to earn $53K, but people who have been around for five to 10 years earn a noticeably bigger sum of $60K. Bank Managers who work for 10 to 20 years in their occupation tend to earn about $63K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $66K on average.

Bank Manager Reviews

What is it like working as a Bank Manager at Chase Bank?

Bank Manager in Canton:
"Great company, great benefits and support."
Pros: I get paid well, I enjoy coaching my employees and helping clients, I love the technology.
Cons: I feel like to boss is always telling me to run the business my way and then tell me what to do.

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Experience Affects Bank Manager Salaries



National Average
$60,000



Skills That Affect Bank Manager Salaries

Sales
up arrow 11%

Customer Relationship Management (CRM)
up arrow 8%



People Management
up arrow 2%

Operations Management
up arrow 1%

National Average
$60,000

Customer Service
up arrow 1%

Consumer Loans
up arrow 17%

Mortgage Loans
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 188 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
1%
1-4 years
17%
5-9 years
26%
10-19 years
36%
20 years or more
19%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 83%
vision benefits Vision: 71% employee benefits None: 9%
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