Bank Manager Salary

Bank Managers in the United States with more than 10 years of experience in their profession represent slightly more than half of Bank Managers. Salaries average out to around $57K per year and spread from $40K to $83K 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. The most influential factor affecting pay for this group is geographic location, though the company and tenure have a (lesser) impact as well. Medical benefits are awarded to a large number, and most earn dental coverage. Women make up a slight majority of Bank Managers (59 percent) survey respondents. Most workers in this position report high levels of job satisfaction. The numbers in this rundown were provided by PayScale's salary survey participants.
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$40,037 - $75,400
(Median)
$40K
$57K
$75K
MEDIAN: $56,799
10%
50%
90%

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$12.00 - $26.82
(Median)
$12
$17
$27
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
$40,037 - $75,400  
   
Bonus
$778 - $12,513  
Profit Sharing
$18.25 - $5,789  
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).
)
$40,011 - $83,123  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,043
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
$12.00 - $26.82  
   
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
$778 - $12,513  
   
Commission
$979 - $12,255  
Profit Sharing
$18.25 - $5,789  
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).
)
$40,011 - $83,123  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 30
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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 transition into upper-level Bank VP or Branch Manager positions. Bank VPs & Branch Managers earn a median of $71K per year.

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 all popular places to work. 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 leaders in compensation levels are Chase Bank at $72K, Bank of America Corp. (BOFA) at $69K, and KeyBank, where Bank Managers annually earn $68K.

Others at the bottom of the scale for this job include us bank at $59K, TD Bank, N.A. at $60K, and U.S. Bank, where $61K is the norm.

Popular Skills for Bank Manager


Survey results imply that Bank Managers put a diverse skill set to use. 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. At the other end of the pay range are skills like 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.


Experience and pay tend to be weakly linked for Bank Managers — those with more experience do not necessarily bring in higher earnings. 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. After working for 10 to 20 years, Bank Managers make a median salary of $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 187 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: 90% dental benefits Dental: 83%
vision benefits Vision: 71% employee benefits None: 9%
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