Banking Center Manager Salary
With more than half of Banking Center Managers in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Banking Center Managers is $58K per year and can range from $40K on the lower end to $80K per year near the higher end. The most important factor affecting compensation for this group is career length, followed by the particular city and the specific company. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. The majority of Banking Center Managers claim high levels of job satisfaction. Men are in the minority of survey respondents, with female Banking Center Managers making up 74 percent. Respondents to the PayScale salary survey provided the data for this report.
Job Description for Banking Center Manager
Banking center managers oversee the daily operations of their center; some banking center managers oversee several small branches, but most are responsible for only one location. This includes supervising sales and service employees within the center. Banking center managers must routinely perform a variety of tasks, including overseeing staff compliance with bank policies and procedures, ensuring new hires are properly trained, and ensuring staff adherence to security protocols. Customer service skills are also used as required. Occasionally, this position requires lifting small items such as cash drawers, bags or rolls of coins, and other assorted parcels.Read More...
Banking center managers must have a strong knowledge of bank operations, and the products and services offered by their banking center. They must also have strong leadership skills, including decision-making, motivational, and conflict-resolution skills. Banking center managers also typically have sales experience, as they frequently work closely with their subordinates on the sales staff. Additionally, general office and computer skills are required to perform this job effectively.
A high school diploma or equivalent is typically required for this position, as well as at least three to five years of general banking experience. Banking center managers generally work full time during regular business hours, although additional and/or alternative hours may be required depending on their center's hours.
Banking Center Manager Tasks
- Create, update and report on budget and staffing schedules.
- Hire and mentor staff and ensure compliance with legal requirements.
- Oversee banking facilities and staff, including setting sales and operations goals.
- Oversee audits and handle complex transactions, problems and special customers.
Banking Center Manager Job Listings
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Popular Employer Salaries for Banking Center Manager
Banking Center Managers will find the worst pay at Bank of America Corp. (BOFA), where the median salary crawls in at $71K. Furthermore, compensation is curbed at $91K, leaving little room for growth.
Popular Skills for Banking Center Manager
Survey results suggest that Banking Center Managers use a fairly large toolkit of professional skills. Most notably, skills in Sales Management, Customer Service, Business Development, and Operations Management are correlated to pay that is above average. It is often found that people who know Operations Management are also skilled in Customer Service.
Pay by Experience Level for Banking Center Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Banking Center Managers, more experience in the field does not usually mean bigger paychecks. The average beginner in this position makes around $51K, but folks who have been around for five to 10 years see a markedly higher median salary of $60K. Banking Center Managers bring in $62K after working for 10 to 20 years. Veterans who have surpassed the 20-year mark may make no more than those who are navigating the mid-career stage.