Branch Manager, Banking Salary

Banking Branch Managers in the United States take home an average $53K annually. In the world of Banking Branch Managers, overall cash earnings stretch from $37K near the bottom to $78K near the top; these packages encompass bonuses that run close to $12K and profit sharing that can (albeit rarely) exceed $5K, along with commissions approaching $14K. Compensation for this group is mainly affected by the particular firm, but geography and tenure are influential factors as well. Most report receiving medical coverage from their employers and a large number collect dental insurance. Work is enjoyable for Banking Branch 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 58 percent.

$37,719 - $71,887
(Median)
$38K
$53K
$72K
MEDIAN: $53,095
10%
50%
90%

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$11.83 - $23.70
(Median)
$12
$16
$24
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$27K$54K$81K
Salary
$37,719 - $71,887  
   
Bonus
$0.00 - $12,212  
Profit Sharing
$30.14 - $4,981  
Commission
$795 - $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).
)
$37,195 - $78,199  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 4,647
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
$11.83 - $23.70  
   
Hourly Tips
$0.00  
Overtime
$15.95 - $33.86  
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
$0.00 - $12,212  
   
Commission
$795 - $13,702  
Profit Sharing
$30.14 - $4,981  
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).
)
$37,195 - $78,199  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 220
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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

  • 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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While not commonly seen, Banking Branch Managers who transition into a VP of Operations position may see a rise in pay. The median salary for VPs of Operations is $123K per year. Bank VPs & Branch Managers or Bank Managers are common next-step roles for Banking Branch Managers moving up in their careers; annual pay for Bank VPs & Branch Managers is $16K higher on average, and it's $1K higher for Bank Managers.

Branch Manager, Banking Job Listings

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Popular Employer Salaries for Branch Manager, Banking


Banking Branch Managers flock to The PNC Financial Services Group, Inc., Wells Fargo Bank, SunTrust Banks Inc., U.S. Bank, and J.P. Morgan Chase & Co. (JPMCC), highly regarded companies that employ a generous number of people in this profession. For Banking Branch Managers, comfortable salaries can be found at Citibank; in fact, average earnings are around $78K, the highest in the area, though the difference in the company's lowest and highest employee paychecks ($54K versus $98K) is great. Those in search of high salaries should also consider J.P. Morgan Chase & Co. (JPMCC), Capital One Financial Corp, and Chase Bank, top-paying firms where Banking Branch Managers rake in a respectable $74K, $68K, or $68K, respectively.

The lowest pay by far can be found at Federal Credit Union — this employer offers a median salary of $44K, 76 percent less than the top paying company. Others at the bottom of the scale for this job include Woodforest National Bank at $49K, and SunTrust Banks Inc. where $55K is the norm, but it is worth noting that some Banking Branch Managers there earn up to $78K.

Popular Skills for Branch Manager, Banking


Banking Branch Managers report using a large range of skills on the job. Most notably, skills in Sales Management, Business Development, Team Leadership, and Leadership are correlated to pay that is above average, with boosts between 4 percent and 13 percent. At the other end of the pay range are skills like Training, Scheduling, and Mortgage Loans. Those familiar with Banking also tend to know 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.


Banking Branch Managers do not generally earn higher incomes from more experience in the field. Relatively untried employees who have less than five years' experience make $50K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $56K. Banking Branch Managers who work for 10 to 20 years in their occupation tend to earn about $59K. People who have worked for more than 20 years report a median income no higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location

National Average: $55,557

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

Home to some of the best pay for Banking Branch Managers, New York offers exceptional salaries, 43 percent above the national average. Banking Branch Managers can also look forward to large paychecks in cities like Boston (+25 percent), Los Angeles (+24 percent), Dallas (+17 percent), and Seattle (+17 percent). Falling short of the national average by 5 percent, the area with the worst salaries is Cincinnati.

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Experience Affects Branch Manager, Banking Salaries




National Average
$56,000


Skills That Affect Branch Manager, Banking Salaries



Team Leadership
up arrow 4%

Leadership
up arrow 4%

Sales
up arrow 3%

Operations Management
up arrow 2%

People Management
up arrow 1%

Banking
0%

Hiring
0%

National Average
$56,000

Consumer Loans
up arrow 2%

Customer Relationship Management (CRM)
up arrow 2%

Customer Service
up arrow 4%




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 775 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
2%
1-4 years
19%
5-9 years
31%
10-19 years
33%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 83%
medical benefits
Vision: 70%
dental benefits
None: 9%
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