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Bank Manager Salary

With a little over a half 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 $83K per year near the higher end. Total cash incomes of Bank Managers run from $40K to $83K, depending on bonuses that can occasionally exceed $13K, profit sharing that reaches $6K, and some commissions of nearly $12K. Earnings for this group are mostly affected by geographic location, followed by the company and years of experience. Medical benefits are awarded to a large number, and most earn dental coverage. Women make up a slight majority of Bank Managers (58 percent) survey respondents. The majority of workers are highly satisfied with their job. The numbers in this rundown were provided by PayScale's salary survey participants.
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$40,021 - $75,331
(Median)
$40K
$57K
$75K
MEDIAN: $56,696
10%
50%
90%

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$12.72 - $25.17
(Median)
$13
$17
$25
MEDIAN: $16.00
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
$40,021 - $75,331  
   
Bonus
$695 - $12,595  
Profit Sharing
$17.88 - $5,830  
Commission
$509 - $12,208  
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).
)
$39,987 - $83,141  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 1,005
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
$12.72 - $25.17  
   
Overtime
$0.00 - $37.25  
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
$695 - $12,595  
   
Commission
$509 - $12,208  
Profit Sharing
$17.88 - $5,830  
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).
)
$39,987 - $83,141  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 28
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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 their careers by becoming Bank VPs & Branch Managers, who report a slightly higher median income of $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 some prominent firms with considerable interest in employing a large team of Bank Managers. J.P. Morgan Chase & Co. (JPMCC) pays the most with a median salary of $77K, though with a large amount of variation, going from a low of $47K to a high of $103K. Chase Bank, Bank of America Corp. (BOFA), and KeyBank also offer top salaries for Bank Managers. Workers at these firms can expect to earn about $71K, $69K, and $68K, respectively.

Us bank, TD Bank, N.A. and U.S. Bank are three other employers with a reputation for below-average pay, showing salaries around $59K, $60K, and $61K.

Popular Skills for Bank Manager


Bank Managers report using a diverse set of skills on the job. Most notably, skills in Sales, Business Development, Sales Management, and People Management 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 educated in Customer Service tend to be well versed in Operations Management.

Pay by Experience Level for Bank Manager

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


Bank Managers with a lot of experience do not necessarily enjoy more money. Survey participants with less than five years' experience pocket $53K on average, but those with five to 10 years of experience enjoy a much bigger median of $60K. Bank Managers claiming one to two decades of experience make an estimated median of $63K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $65K.

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

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Experience Affects Bank Manager Salaries



National Average
$60,000



Skills That Affect Bank Manager Salaries

Sales
up arrow 11%



People Management
up arrow 3%

Operations Management
up arrow 1%

Customer Service
0%

National Average
$60,000

Consumer Loans
up arrow 17%

Mortgage Loans
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 191 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
2%
1-4 years
17%
5-9 years
27%
10-19 years
36%
20 years or more
19%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 83%
vision benefits Vision: 71% employee benefits None: 9%
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