Bank Manager Salary

Bank Managers in the United States with more than 10 years of experience in their profession represent slightly less than two-thirds of Bank Managers. Salaries average out to around $59K annually and spread from $40K to $87K per year. Including potential for bonuses, profit sharing and commission — peaking near $14K, $5K, and $12K, respectively — total cash payment to Bank Managers can bottom out near $40K or top out at around $87K. The most influential factor affecting pay for this group is residence, though the specific employer and years of experience have a (lesser) impact as well. Women Bank Managers who took the survey just slightly outnumber men. Medical benefits are awarded to nearly all, and most earn dental coverage. Job satisfaction is high and work is enjoyable for most Bank Managers. This report is based on answers to PayScale's salary questionnaire.
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$41,428 - $78,869
$41K
$59K
$79K
MEDIAN: $59,112
10%
50%
90%

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$13.15 - $28.21
$13
$17
$28
MEDIAN: $17.33
10%
50%
90%

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$0$87K
Salary $41,428 - $78,869
Bonus $1,188 - $14,421
Profit Sharing $0.00 - $5,231
Commission $734 - $12,248
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).
)
$40,473 - $87,002
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 670
Hourly Data $0$39
Hourly Rate $13.15 - $28.21
Overtime $15.21 - $39.95
Annual Data $0$87K
Bonus $1,188 - $14,421
Commission $734 - $12,248
Profit Sharing $0.00 - $5,231
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).
)
$40,473 - $87,002
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 45

Find Out Exactly What You Should Be Paid

United States (change)

Employers: 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.

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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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Bank Managers may enjoy increased earnings if they become Bank VPs & Branch Managers. This seems to be a popular career move, and Bank VP or Branch Manager earn a slightly higher median of $71K annually.

Bank Manager Job Listings

Popular Employer Salaries for Bank Manager


Bank of America Corp. (BOFA), J.P. Morgan Chase & Co. (JPMCC), Wells Fargo Bank, SunTrust Banks Inc., and People's United 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 $78K, though the large pay difference between employees at the top ($47K) and those starting out ($102K) creates a rather diverse pay scale. Other leaders in compensation levels are Citizens Financial Group, Inc. at $72K, Chase Bank at $72K, and The PNC Financial Services Group, Inc., where Bank Managers annually earn $71K.

Wells Fargo Bank offers the lowest pay, with a median salary of just $56K. The pay scale doesn't vary widely, either; compensation ranges from $45K to $95K. Us bank, People's United Bank, and Regions Bank also rank near the bottom for pay, each handing out $59K-paychecks on average.

Popular Skills for Bank Manager


Bank Managers report using a diverse set of skills on the job. Most notably, skills in Sales, Customer Relationship Management, Business Development, and Sales Management are correlated to pay that is above average, with boosts between 6 percent and 10 percent. Skills that pay less than market rate include Consumer Loans and Mortgage Loans. Those familiar with Customer Service also tend to know Operations Management.

Pay by Experience Level for Bank Manager

Pay by Experience for a Bank Manager has a positive trend. An entry-level Bank Manager with less than 5 years of experience can expect to earn an average total compensation of $52,000 based on 164 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Bank Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $61,000 based on 246 salaries. An experienced Bank Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $64,000 based on 343 salaries. A Bank Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $65,000 based on 174 salaries.

Pay Difference by Location

National Average: $61,050

Larger city markers indicate a job is popular in that location.

Seattle offers some of the highest pay in the country for Bank Managers, 35 percent above the national average. Bank Managers can also look forward to large paychecks in cities like San Jose (+34 percent), Orlando (+21 percent), Dallas (+18 percent), and Chicago (+13 percent). Trailing the national average by 17 percent, Houston is the market with the smallest paychecks. New York and Jacksonville are a couple other places where companies are known to pay below the median — salaries are 10 percent lower and 5 percent lower, respectively.

Bank Manager Reviews

Q: What is it like working as a Bank Manager?

Bank Manager in Boston:
"Being a Bank Manager."
Pros: I absolutely love working with our clients. They are mostly from the "Union" world as this is not your typical bank. Work closely with the Massachusetts Carpenters. We service annuity payments and processed "stamp" orders. I enjoy working/managing a team. I love teaching them new projects and having one on one meetings with my staff. I enjoy challenging them and also rewarding them for all their good and hard work. I like having meetings with Risk and Compliance and other departments to learn new experiences and to understand how the whole bank works as we all need each other.
Cons: Working 10-12 hours a day without a break. Meetings to discuss meetings that we've already had.

Related Job Salaries

Key Stats for Bank Manager

Gender

Female
59 %
Male
41 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 114 votes.
Less than 1 year
1%
1-4 years
14%
5-9 years
20%
10-19 years
40%
20 years or more
25%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Bank Manager Salaries

▲6%

▲5%

▼0%

National Average
$61,000

▼15%

Skills That Affect Bank Manager Salaries

Sales
▲10%

Customer Relationship Management (CRM)
▲8%





National Average
$61,000


Mortgage Loans
▼16%

Consumer Loans
▼18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 114 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
1%
1-4 years
14%
5-9 years
20%
10-19 years
40%
20 years or more
25%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 86%
vision benefits
Vision: 78%
no benefits
None: 6%
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