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Branch Manager, Banking Salary (United States)

An average Banking Branch Manager in the United States can expect to take home roughly $51K annually. Overall compensation packages to Banking Branch Managers range from $36K on the low end to $77K on the high end; this includes bonuses that peak near $12K and profit sharing that approaches $5K, with some high rollers snagging commissions as high as $14K. The particular firm is the main element affecting pay for this group — geography and tenure are driving factors as well. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a majority. Job satisfaction is reported as high by the vast majority of workers. Women make up a slight majority of Banking Branch Managers (57 percent) survey respondents. Participants in PayScale's salary questionnaire provided the particulars of this report.
Branch Manager, Banking Salary (?
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.
)
$36,428 - $69,767
(Median)
36K
43K
51K
61K
70K
MEDIAN: $51,187
10%
25%
50%
75%
90%
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Branch Manager, Banking Salary (?
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.
)
$11.58 - $22.88
(Median)
12
16
20
23
MEDIAN: $15.00
10%
50%
75%
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$26K$52K$78K
Salary
$36,428 - $69,767  
   
Bonus
$103.51 - $11,993  
Profit Sharing
$491.56 - $4,926  
Commission
$881 - $13,702  
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).
)
$35,939 - $76,738  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 4,982
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$13$26$39
Hourly Rate
$11.58 - $22.88  
   
Overtime
$15.42 - $31.71  
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$26K$52K$78K
Bonus
$103.51 - $11,993  
   
Commission
$881 - $13,702  
Profit Sharing
$491.56 - $4,926  
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).
)
$35,939 - $76,738  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 239
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Job Description for Branch Manager, Banking

The primary responsibility for the Bank Branch Manager is to initiate sales, and increase revenue for a bank. This position is must be a leader for other employees and not only drive, but monitor the growth and performance of goals. A minimum of an Associate degree with five year experience in management and banking is required, and a Bachelor’s Degree in a related field is preferred. In addition, a Branch Manager must both register, and maintain a license with The National Mortgage Licensing System and Registry. This is done so the branch can operate in compliance with the S.A.F.E (Secure and Fair Enforcement for Mortgage Licensing) Act.
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Branch Manager, Banking Tasks
  • Drives sales and loan quotas.
  • Promotes business development and customer service standards.
  • Develop, implement, and manage all bank administrative and sales orientated plans and goals.

Common Career Paths for Branch Manager, Banking

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It's not very common for Banking Branch Managers to move on to become VPs of Operations. Average pay for a VP of Operations is $122K annually. A common career progression for a Banking Branch Manager is to become a Bank VP or Branch Manager or a Bank Manager. Compared to Banking Branch Managers, the first group earns $17K more on average, and the second group earns $2K more.

Branch Manager, Banking Job Listings

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Popular Employer Salaries for Branch Manager, Banking

Wells Fargo Bank, The PNC Financial Services Group, Inc., J.P. Morgan Chase & Co. (JPMCC), Bank of America Corp. (BOFA), and U.S. Bank are top-notch employers for Banking Branch Managers in this area. Salary cannot be beat at Citibank, where median pay comes to $80K. The range seems somewhat confined, however; the lower end sits at $55K, and the higher end is not far away at $96K. Banking Branch Managers can also look forward to large paychecks at J.P. Morgan Chase & Co. (JPMCC) ($69K), Chase Bank ($67K), and Wells Fargo Bank ($66K).
About half the top paying employer's rate, Federal Credit Union offers a median salary of just $44K, consistently last on the pay scale ladder by far. SunTrust Banks Inc., U.S. Bank and Regions Bank are three other employers with a reputation for below-average pay, showing salaries around $53K, $54K, and $56K.

Popular Skills for Branch Manager, Banking

Survey results imply that Banking Branch Managers deploy a deep pool of skills on the job. Most notably, skills in Sales Management, Business Development, Team Leadership, and Operations Management are correlated to pay that is above average, with boosts between 6 percent and 14 percent. Skills that seem to negatively impact pay include Training, Scheduling, and Mortgage Loans. Those educated in Banking tend to be well versed in Team Leadership and Consumer Loans.

Pay by Experience Level for Branch Manager, Banking

Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Banking Branch Managers, more experience in the field does not usually mean bigger paychecks. Although individuals who have less than five years' experience earn $49K on average, people with five to 10 years benefit from a notably larger average of $55K. On average, Banking Branch Managers make $58K following one to two decades on the job. Veterans who have surpassed the 20-year mark may make no more than those who are navigating the mid-career stage.

Pay Difference By Location

up arrow 52%
up arrow 22%
up arrow 17%
Phoenix
up arrow 16%
up arrow 12%
up arrow 10%
Philadelphia
up arrow 9%
up arrow 8%
St. Louis
up arrow 4%
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Columbus
up arrow 2%
Cincinnati
up arrow 1%
National Average
$54,000
Denver
up arrow 3%
Pittsburgh
up arrow 3%
Larger circles over a city indicate a job is popular in that location.
For those looking to make money, Banking Branch Managers in New York enjoy an exceptional pay rate, 52 percent above the national average. Banking Branch Managers can also look forward to large paychecks in cities like Chicago (+22 percent), Seattle (+17 percent), Phoenix (+16 percent), and Dallas (+12 percent). Pittsburgh is home to the smallest salaries in the field, lagging the national average by 3 percent.

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Experience Affects Branch Manager, Banking Salaries

National Average
$54,000

Skills That Affect Branch Manager, Banking Salaries

Sales
up arrow 4%
Leadership
up arrow 4%
People Management
up arrow 4%
Banking
up arrow 2%
Hiring
up arrow 2%
National Average
$54,000
Consumer Loans
up arrow 1%
Customer Relationship Management (CRM)
up arrow 1%
Customer Service
up arrow 3%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 1082 votes.

Gender

Female
57%
female alumni
 
Male
43%
male alumni

Years of Experience

Less than 1 year
1%
1-4 years
21%
5-9 years
34%
10-19 years
31%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 82%
vision benefits Vision: 68% employee benefits None: 9%