Branch Manager, Banking Salary

The average Banking Branch Manager in the United States can expect to rake in roughly $52K per year. Overall incomes of Banking Branch Managers — including $12K bonuses, $5K profit sharing proceeds, and $12K commissions on the more lucrative end — generally ranges between $36K and $77K. The most influential factor affecting pay for this group is the specific employer, though the particular city and experience level have a (lesser) impact as well. The majority of workers are highly satisfied with their job. Medical benefits are awarded to a large number, and most earn dental coverage. Women Banking Branch Managers who took the survey just slightly outnumber men.

$36,930 - $70,564

Add this chart to your site: 640px    300px

$11.60 - $23.28

Add this chart to your site: 640px    300px

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$26K$52K$78K
Salary
$36,930 - $70,564  
   
Bonus
$0.00 - $12,033  
Profit Sharing
$334.51 - $4,988  
Commission
$403.59 - $12,231  
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).
)
$36,444 - $77,128  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 4,691
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$13$26$39
Hourly Rate
$11.60 - $23.28  
   
Overtime
$15.62 - $32.61  
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$26K$52K$78K
Bonus
$0.00 - $12,033  
   
Commission
$403.59 - $12,231  
Profit Sharing
$334.51 - $4,988  
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).
)
$36,444 - $77,128  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 215
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


Banking Branch Managers do not often transition into VP of Operations roles. The role averages $122K per year. The most common next step for a Banking Branch Manager is to become a Bank VP or Branch Manager or a Bank Manager. The former position pays an additional $16K per year on average, and the latter position pays $1K more per year.

Branch Manager, Banking Job Listings

Search for more jobs:

Popular Employer Salaries for Branch Manager, Banking


The PNC Financial Services Group, Inc., U.S. Bank, Wells Fargo Bank, SunTrust Banks Inc., and J.P. Morgan Chase & Co. (JPMCC) are some prominent firms with considerable interest in employing a large team of Banking Branch Managers. Citibank offers the largest salaries in town ($79K on average), but the considerable range in workers' salaries creates a rather varied pay scale that stretches from $55K to $96K. Also paying near the top of the field are J.P. Morgan Chase & Co. (JPMCC) at $74K, TD Bank, N.A. at $69K, and Capital One Financial Corp, where Banking Branch Managers annually earn $68K.

79 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. Other low-paying employers include Woodforest National Bank at $49K and SunTrust Banks Inc. at $55K, though some Banking Branch Managers there earn up to $78K.

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, Team Leadership, and Leadership are correlated to pay that is above average, with boosts between 4 percent and 13 percent. Skills that pay less than market rate include Scheduling, Mortgage Loans, and Training. Most people skilled in Banking are similarly competent 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 many Banking Branch Managers, extensive experience does not lead to significantly more money. The average worker who claims fewer than five years of experience earns around $50K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $55K. Banking Branch Managers claiming one to two decades of experience make an estimated median of $58K. Banking Branch Managers who surpass 20 years on the job report pay that isn't higher than those with 10 to 20 years.

Pay Difference by Location


Folks in search of above-average pay will head to one of the three largest American cities: New York, Los Angeles, and Chicago boast higher pay rates than the national average for this field.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Branch Manager, Banking Salaries




National Average
$55,000


Skills That Affect Branch Manager, Banking Salaries



Team Leadership
up arrow 4%

Leadership
up arrow 4%

Sales
up arrow 3%

Operations Management
up arrow 3%

People Management
up arrow 2%

Banking
up arrow 1%

Hiring
0%

National Average
$55,000

Consumer Loans
up arrow 2%

Customer Relationship Management (CRM)
up arrow 2%

Customer Service
up arrow 3%




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 861 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
2%
1-4 years
19%
5-9 years
33%
10-19 years
32%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 83%
vision benefits Vision: 69% employee benefits None: 9%
ADVERTISEMENT