Bank Managers who are practiced in their profession and carry more than 10 years of experience make up close to three-fifths of Bank Managers. Pay fluctuates from $40K to $86K per year, but expected earnings average $58K per year. In the world of Bank Managers, overall income ranges from $40K near the bottom to $86K at the top; this can include more than $14K from bonuses and more than $6K from profit sharing in exceptional cases. While the company and years of experience impact pay for this group, geography is the most influential factor. In this profession, almost all enjoy medical and dental coverage, and a fair number have vision insurance, as well. Work is enjoyable for Bank Managers, who typically claim high levels of job satisfaction. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 57 percent. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$40,986 - $78,520
(Median)
$41K
$58K
$79K
MEDIAN: $58,483
10%
50%
90%

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$12.23 - $28.32
(Median)
$12
$17
$28
MEDIAN: $16.00
10%
50%
90%

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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$29K$58K$87K
Salary
$40,986 - $78,520  
   
Bonus
$1,035 - $14,136  
Profit Sharing
$0.00 - $5,537  
Commission
$518 - $11,531  
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).
)
$40,400 - $85,744  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 776
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$15$30$45
Hourly Rate
$12.23 - $28.32  
   
Overtime
$15.21 - $40.66  
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$30K$60K$90K
Bonus
$1,035 - $14,136  
   
Commission
$518 - $11,531  
Profit Sharing
$0.00 - $5,537  
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).
)
$40,400 - $85,744  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 43
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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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A lot of Bank Managers move on to become Bank VPs & Branch Managers, that group gets paid a slightly higher $71K on average.

Branch Manager, Banking Job Listings

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Popular Employer Salaries for Bank Manager


Bank of America Corp. (BOFA), Wells Fargo Bank, J.P. Morgan Chase & Co. (JPMCC), The PNC Financial Services Group, Inc., and SunTrust Banks Inc. are among the top companies that take on many Bank Managers. The biggest paychecks can be found at J.P. Morgan Chase & Co. (JPMCC) — the median salary there is $78K; however, employees are subject to a wide range in pay, with the lowest salaries sitting near $47K and highest ones in the neighborhood of $102K. Citizens Financial Group, Inc., The PNC Financial Services Group, Inc., and Chase Bank are a few other companies that offer generous salaries, with Bank Managers earning around $76K, $70K, or $70K at each firm, respectively.

People's United Bank, BB&T Corp. and TD Bank, N.A. are three other employers with a reputation for below-average pay, showing salaries around $59K, $59K, and $60K.

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, Sales Management, and Business Development are correlated to pay that is above average, with boosts between 6 percent and 11 percent. Skills that seem to negatively impact pay include Mortgage Loans and Consumer Loans. Most people experienced in 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 with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Those in the early stages of their career can expect to make around $53K; however, individuals with five to 10 years of experience bring in $60K on average — a distinctly larger sum. Bank Managers who work for 10 to 20 years in their occupation tend to earn about $63K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $65K.

Pay Difference by Location

National Average: $60,276

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

With a pay rate for Bank Managers that is 35 percent greater than the national average, San Jose offers a comfortable salary for those in this profession. Bank Managers will also find cushy salaries in Seattle (+35 percent), Orlando (+21 percent), Dallas (+20 percent), and Los Angeles (+16 percent). Those in the field find the lowest salaries in Houston, 18 percent below the national average. Employers in Miami and New York also lean toward paying below-median salaries (10 percent lower and 7 percent lower, respectively).

Bank Manager Reviews

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.

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%

Customer Relationship Management (CRM)
up arrow 9%



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 105 votes.

Gender

Female
57 %
Male
43 %

Years of Experience

Less than 1 year
1%
1-4 years
15%
5-9 years
23%
10-19 years
40%
20 years or more
21%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 86%
medical benefits
Vision: 77%
dental benefits
None: 7%
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