What am I worth?
Get a free salary report »
What should I pay?
Pay the right way »

Bank Manager Salary

Bank Managers in the United States tend to be well-versed in their field, and slightly more than 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. In the world of Bank Managers, total cash compensation ranges from $40K on the lower end to $83K on the higher end; this includes bonuses that reach $12K and profit sharing that approaches $6K in rare cases, with some high rollers snagging commissions as high as $14K. The most influential factor affecting pay for this group is location, though the specific employer and years of experience have a (lesser) impact as well. Job satisfaction is reported as high by the vast majority of workers. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a strong majority. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 58 percent. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
Read More
$39,831 - $75,299
(Median)
$40K
$57K
$75K
MEDIAN: $56,541
10%
50%
90%

Add this chart to your site: 640px    300px

$12.77 - $25.00
(Median)
$13
$17
$25
MEDIAN: $17.00
10%
50%
90%

Add this chart to your site: 640px    300px

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
$39,831 - $75,299  
   
Bonus
$511 - $12,435  
Profit Sharing
$17.75 - $5,841  
Commission
$513 - $13,642  
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).
)
$39,885 - $83,020  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 973
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
$12.77 - $25.00  
   
Overtime
$0.00 - $36.99  
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
$511 - $12,435  
   
Commission
$513 - $13,642  
Profit Sharing
$17.75 - $5,841  
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).
)
$39,885 - $83,020  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 29

Find Out Exactly What You Should Be Paid

United States (change)

- OR -

Log in with LinkedIn

Comp Managers Click 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.

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., J.P. Morgan Chase & Co. (JPMCC), and Chase Bank are all popular places to work. Bank Managers seeking a sizable paycheck can earn the most at J.P. Morgan Chase & Co. (JPMCC), where the median salary comes to $75K, though the large pay difference between employees at the top ($46K) and those starting out ($103K) creates a rather diverse pay scale. Bank Managers will also find cushy salaries at Chase Bank (+$72K), Bank of America Corp. (BOFA) (+$69K), and KeyBank (+$68K).

Us bank, TD Bank, N.A., and U.S. Bank are a few other employers known for handing out relatively lightweight salaries ($59K, $60K, and $61K respectively).

Popular Skills for Bank Manager


Bank Managers seem to require a number of specific skills. Most notably, skills in Sales, Business Development, Sales Management, and People Management are correlated to pay that is above average, with boosts between 6 percent and 12 percent. Skills that are correlated to lower pay, on the other hand, 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.


Experience and pay tend to be weakly linked for Bank Managers — those with more experience do not necessarily bring in higher earnings. Salaries of relatively inexperienced workers fall in the neighborhood of $52K, but folks who have racked up five to 10 years see a notably higher median of $60K. Bank Managers who work for 10 to 20 years in their occupation tend to earn about $63K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $66K.

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)

Experience Affects Bank Manager Salaries




National Average
$60,000


Skills That Affect Bank Manager Salaries

Sales
up arrow 12%



People Management
up arrow 4%

Operations Management
up arrow 1%

Customer Service
0%

National Average
$60,000

Consumer Loans
up arrow 16%

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
1%
1-4 years
18%
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: 8%