Bank Manager Salary

With more than half of Bank Managers in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $40K to $83K per year and averages out to $57K per year. Cash earnings for Bank Managers — including $13K in bonuses and $6K in profit sharing proceeds near the top of the pay scale — generally stretch from $40K to $83K depending on individual performance. This group's pay is mainly influenced by location, followed by the company and tenure. Most Bank Managers report high levels of job satisfaction. A large number enjoy medical while most get dental coverage. Vision coverage is also available to a fair number. Women Bank Managers who took the survey just slightly outnumber men. This snapshot results from replies to PayScale's salary survey.
Read More
$40,031 - $75,363

Add this chart to your site: 640px    300px

$12.28 - $26.18

Add this chart to your site: 640px    300px

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$28K$56K$84K
Salary
$40,031 - $75,363  
   
Bonus
$750 - $12,580  
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).
)
$39,813 - $83,133  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,057
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$14$28$42
Hourly Rate
$12.28 - $26.18  
   
Overtime
$0.00 - $39.18  
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$28K$56K$84K
Bonus
$750 - $12,580  
   
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).
)
$39,813 - $83,133  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 33
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: 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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


Moving into a Bank VP or Branch Manager position seems to be a popular career progression. Median pay for this job is $71K annually.

Branch Manager, Banking Job Listings

Search for more jobs:

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 top-notch employers for Bank Managers in this area. Bank Managers flock to J.P. Morgan Chase & Co. (JPMCC) for generous paychecks, where average earnings of $77K 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 $103K at the other end. Other big spenders include Chase Bank, Bank of America Corp. (BOFA), and KeyBank, top-paying firms where Bank Managers see paychecks nearing $72K, $69K, or $68K.

Others at the bottom of the scale for this job include us bank at $59K, U.S. Bank at $60K, and TD Bank, N.A., where $60K is the norm.

Popular Skills for Bank Manager


Bank Managers report using a wide range of professional skills. Most notably, skills in Sales, Customer Relationship Management, Business Development, and Sales Management are correlated to pay that is above average, with boosts between 4 percent and 12 percent. At the other end of the pay range are skills like Mortgage Loans and Consumer Loans. Most people familiar with 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.


Bank Managers do not generally earn higher incomes from more experience in the field. Respondents with less than five years' experience take home $52K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $60K. People with 10 to 20 years of experience make an average of about $63K in this role. Bank Managers who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $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.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Bank Manager Salaries



National Average
$60,000



Skills That Affect Bank Manager Salaries

Sales
up arrow 12%

Customer Relationship Management (CRM)
up arrow 8%

Sales Management
up arrow 4%

Business Development
up arrow 4%

People Management
up arrow 1%

Operations Management
0%

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
58 %
Male
42 %

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%
ADVERTISEMENT