Branch Manager, Banking Salary

Banking Branch Managers in the United States are often veterans in their line of work, with slightly less than three-fifths bringing more than 10 years of experience to the table. Salaries slide in at $55K per year on average but can range from $39K to $81K per year. Overall incomes of Banking Branch Managers — including $12K bonuses, $5K profit sharing proceeds, and $10K commissions on the more lucrative end — generally ranges between $39K and $81K. Earnings for this group are mostly affected by the specific employer, followed by the particular city and experience level. A large number enjoy medical while most get dental coverage. Vision coverage is also available to a fair number. The majority of Banking Branch Managers (60 percent) who took the survey are women. Job satisfaction is reported as high by the vast majority of workers.

$39,606 - $75,471
$40K
$55K
$75K
MEDIAN: $55,469
10%
50%
90%

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$13.00 - $25.40
$13
$17
$25
MEDIAN: $16.98
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$28K$56K$84K
Salary
$39,606 - $75,471  
   
Bonus
$993 - $12,273  
Profit Sharing
$0.00 - $5,054  
Commission
$1,093 - $10,304  
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).
)
$38,679 - $81,054  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 2,416
© PayScale, Inc. @ www.payscale.com
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$14$28$42
Hourly Rate
$13.00 - $25.40  
   
Overtime
$14.54 - $40.20  
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$28K$56K$84K
Bonus
$993 - $12,273  
   
Commission
$1,093 - $10,304  
Profit Sharing
$0.00 - $5,054  
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).
)
$38,679 - $81,054  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 141
© PayScale, Inc. @ www.payscale.com

Find Out Exactly What You Should Be Paid

United States (change)

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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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Though some Banking Branch Managers move into positions like VP of Operations (where the average salary is $124K), this progression is not the norm. Moving from a Banking Branch Manager to Bank VP or Branch Manager or Bank Manager is a more common career path, however.

Branch Manager, Banking Job Listings

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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 among the top companies that take on many Banking Branch Managers. Employees at Chase Bank enjoy the biggest paychecks, and $78K is the median salary. Range in pay, on the other hand, is narrow, with lower figures hovering around $54K and higher ones not far away at only $90K. Other leaders in compensation levels are J.P. Morgan Chase & Co. (JPMCC) at $69K, The PNC Financial Services Group, Inc. at $69K, and Wells Fargo Bank, where Banking Branch Managers annually earn $66K.

Federal Credit Union reports the lowest median salary in the area by far — it's only $44K, 77 percent lower than the top payer. Also approaching the lower end are The Huntington National Bank at $56K, Regions Bank at $56K, and Charter One Bank at $59K.

Popular Skills for Branch Manager, Banking


Survey takers working as Banking Branch Managers report using a large range of professional skills. Most notably, skills in Sales Management, Business Development, Leadership, and Team Leadership are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Training, Scheduling, and Customer Service. For most people, competency in Banking indicates knowledge of 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 many Banking Branch Managers, extensive experience does not lead to significantly more money. Workers in their first five years can expect to earn $52K, but people who have been around for five to 10 years earn a noticeably bigger sum of $58K. Banking Branch Managers see a median salary of $60K after reaching one to two decades on the job. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $61K on average.

Pay Difference by Location

42%

39%

20%

19%

14%

12%

11%

-3%

-6%

National Average: $57,615

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

For Banking Branch Managers, working in the bustling city of New York has its advantages, including an above-average pay rate. Banking Branch Managers will also find cushy salaries in San Diego (+39 percent), Los Angeles (+29 percent), Boston (+20 percent), and Seattle (+19 percent). Those in the field find the lowest salaries in Houston, 6 percent below the national average. Knoxville and Atlanta are a couple other places where companies are known to pay below the median — salaries are 5 percent lower and 3 percent lower, respectively.

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 332 votes.
Less than 1 year
1%
1-4 years
17%
5-9 years
26%
10-19 years
38%
20 years or more
18%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Branch Manager, Banking Salaries

▲6%

▲4%

▲1%

National Average
$58,000

▼9%

Skills That Affect Branch Manager, Banking Salaries




▲2%


People Management
▼0%

Sales
▼0%

Customer Relationship Management (CRM)
▼0%

National Average
$58,000

▼1%


▼3%



▼8%

▼8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 332 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

Less than 1 year
1%
1-4 years
17%
5-9 years
26%
10-19 years
38%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 80%
vision benefits
Vision: 73%
dental benefits
None: 10%
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