Branch Manager, Banking Salary

Just below three-fifths of Banking Branch Managers in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $39K to $81K per year, and the average comes out to $56K per year. Including potential for bonuses and profit sharing — peaking near $12K and $5K, respectively — total cash payment to Banking Branch Managers can bottom out near $39K or peak near $81K depending on individual performance. Compensation for this group is mainly affected by the particular firm, but the particular city and years of experience are influential factors as well. Most Banking Branch Managers report high levels of job satisfaction. Women account for the majority of Banking Branch Managers who responded to the questionnaire — 61 percent to be exact. A large number enjoy medical while most get dental coverage. Vision coverage is also available to a fair number. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$40,064 - $75,768
$40K
$56K
$76K
MEDIAN: $56,103
10%
50%
90%

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$12.99 - $26.08
$13
$18
$26
MEDIAN: $17.58
10%
50%
90%

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$0$81K
Salary $40,064 - $75,768
Bonus $989 - $12,228
Profit Sharing $0.00 - $5,079
Commission $1,034 - $10,022
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).
)
$39,207 - $81,307
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 2,456
Hourly Data $0$42
Hourly Rate $12.99 - $26.08
Overtime $7.14 - $42.68
Annual Data $0$81K
Bonus $989 - $12,228
Commission $1,034 - $10,022
Profit Sharing $0.00 - $5,079
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).
)
$39,207 - $81,307
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 157

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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 not the most common occurrence, Banking Branch Managers sometimes become VPs of Operations, where the average income is $124K per year. More commonly, Banking Branch Managers become Bank VPs & Branch Managers or Bank Managers.

Branch Manager, Banking Job Listings

Popular Employer Salaries for Branch Manager, Banking


Well-known firms with a reputation for hiring numerous Banking Branch Managers include U.S. Bank, Wells Fargo Bank, The PNC Financial Services Group, Inc., SunTrust Banks Inc., and Chase Bank. Chase Bank offers the best pay with a median salary of $78K, though salaries there don't seem that varied, bottoming out near $54K and maxing out at just $90K. J.P. Morgan Chase & Co. (JPMCC), The PNC Financial Services Group, Inc., and Wells Fargo Bank are a few other companies that offer generous salaries, with Banking Branch Managers earning around $69K, $69K, or $66K at each firm, respectively.

77 percent lower than the top payer, Federal Credit Union offers a median salary of just $44K, consistently last on the pay scale ladder by far. The Huntington National Bank, Regions Bank, and Charter One Bank are a few other employers known for handing out relatively lightweight salaries ($56K, $56K, and $59K respectively).

Popular Skills for Branch Manager, Banking


Banking Branch Managers report using 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. Those proficient in Banking are, more often than not, also skilled in 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

41%

38%

19%

18%

13%

11%

10%

-3%

-7%

National Average: $58,030

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

For Banking Branch Managers, busy New York offers a higher-than-average pay rate, 41 percent above the national average. Banking Branch Managers will also find cushy salaries in San Diego (+38 percent), Los Angeles (+29 percent), Boston (+19 percent), and Seattle (+18 percent). Trailing the national average by 7 percent, Houston is the market with the smallest paychecks. A couple other locations with smaller-than-average paychecks include Knoxville (5 percent lower) and Atlanta (3 percent lower).

Related Job Salaries

Key Stats for Branch Manager, Banking

Gender

Female
61 %
Male
39 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 383 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

▲5%

▲3%

▼0%

National Average
$58,000

▼10%

Skills That Affect Branch Manager, Banking Salaries




▲1%

Sales
▼0%


National Average
$58,000

People Management
▼1%

Customer Relationship Management (CRM)
▼1%

▼2%


▼4%



▼8%

▼9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 383 votes.

Gender

Female
61 %
Male
39 %

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: 73%
no benefits
None: 10%
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