Branch Manager, Banking Salary

Banking Branch Managers in the United States tend to be well-versed in their field, and just under three-fifths have more than 10 years of experience. Average salary is expected to be around $56K per year, but may range from $39K to $82K per year. Total cash compensation to Banking Branch Managers approaches anywhere from $39K on the lower end to $82K on the higher end; in exceptional cases, this can include more than $12K from bonuses and upwards of $5K from profit sharing. Compensation for this group is mainly affected by the specific employer, but the particular city and tenure are influential factors as well. Most Banking Branch Managers like their work and job satisfaction is high. The majority of Banking Branch Managers (61 percent) who took the survey are women. Medical benefits are awarded to a large number, and most earn dental coverage. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$40,217 - $77,117
$40K
$57K
$77K
MEDIAN: $56,725
10%
50%
90%

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$12.90 - $26.57
$13
$18
$27
MEDIAN: $17.72
10%
50%
90%

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$0$83K
Salary $40,217 - $77,117
Bonus $990 - $14,371
Profit Sharing $0.00 - $5,564
Commission $1,171 - $11,000
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).
)
$39,240 - $83,412
  • Country: United States
  • Currency: USD
  • Updated: 12 Sep 2017
  • Individuals Reporting: 2,490
Hourly Data $0$42
Hourly Rate $12.90 - $26.57
Overtime $7.14 - $42.68
Annual Data $0$83K
Bonus $990 - $14,371
Commission $1,171 - $11,000
Profit Sharing $0.00 - $5,564
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).
)
$39,240 - $83,412
  • Country: United States
  • Currency: USD
  • Updated: 12 Sep 2017
  • Individuals Reporting: 169

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Branch Manager, Banking

Banking branch managers lead a team of bank employees. They must make sure that they, and their staff, build strong relationships with their customers or clients. They must work to recognize their customers’ financial needs and financial goals. They must have exceptional interpersonal, leadership, and customer service skills. They must have excellent oral and written communication skills. They must be able to build strong teamwork. They must ensure operational excellence. They must manage their branch’s budget. They closely monitor their branch’s revenue and expenses. They lead staff meetings.

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Branch Manager, Banking Tasks

  • Develop, implement, and manage all bank administrative and sales orientated plans and goals.
  • Promotes business development and customer service standards.
  • Drives sales and loan quotas.

Common Career Paths for Branch Manager, Banking


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Banking Branch Managers do not often transition into VP of Operations roles. The role averages $124K per year. However, Banking Branch Managers typically graduate to Bank VPs & Branch Managers or Bank Managers.

Branch Manager, Banking Job Listings

Popular Employer Salaries for Branch Manager, Banking


U.S. Bank, Wells Fargo Bank, The PNC Financial Services Group, Inc., SunTrust Banks Inc., and Chase Bank are some prominent firms with considerable interest in employing a large team of Banking Branch Managers. Although Chase Bank offers the highest salaries (median pay is $78K), survey participants reported a rather limited pay range of $54K to $90K. Those in search of high salaries should also consider J.P. Morgan Chase & Co. (JPMCC), The PNC Financial Services Group, Inc., and Wells Fargo Bank, top-paying firms where Banking Branch Managers rake in a comfortable $69K, $69K, or $66K, respectively.

With a median salary of only $44K (77 percent lower than the top payer), Federal Credit Union lags significantly in the earnings department. Others at the bottom of the scale for this job include The Huntington National Bank at $56K, Regions Bank at $56K, and Charter One Bank, where $59K is the norm.

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, Leadership, and Team Leadership are correlated to pay that is above average. Skills that pay less than market rate include Training, Scheduling, and Customer Service. Most people familiar with Banking also know Team Leadership and Consumer Loans.

Pay by Experience Level for Branch Manager, Banking

Pay by Experience for a Branch Manager, Banking has a positive trend. An entry-level Branch Manager, Banking with less than 5 years of experience can expect to earn an average total compensation of $52,000 based on 663 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Branch Manager, Banking with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $58,000 based on 942 salaries. An experienced Branch Manager, Banking which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $60,000 based on 1,130 salaries. A Branch Manager, Banking with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $61,000 based on 456 salaries.

Pay Difference by Location

National Average: $58,629

Larger city markers 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, 41 percent above the national average. Banking Branch Managers will also find cushy salaries in San Diego (+38 percent), Los Angeles (+28 percent), Boston (+19 percent), and Seattle (+18 percent). In Houston, salaries are 7 percent below the national average and represent the lowest-paying market. Two other places where employers offer below-median salaries are Knoxville (5 percent less) and Atlanta (3 percent less).

Related Job Salaries

Key Stats for Branch Manager, Banking

Gender

Female
60 %
Male
40 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 412 votes.
Less than 1 year
1%
1-4 years
17%
5-9 years
25%
10-19 years
38%
20 years or more
19%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Branch Manager, Banking Salaries

▲4%

▲2%

National Average
$59,000

▼1%

▼11%

Skills That Affect Branch Manager, Banking Salaries




▼0%

National Average
$59,000

Sales
▼1%


People Management
▼2%

Customer Relationship Management (CRM)
▼2%

▼3%


▼5%



▼9%

▼10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 412 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

Less than 1 year
1%
1-4 years
17%
5-9 years
25%
10-19 years
38%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 81%
vision benefits
Vision: 74%
no benefits
None: 10%
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