Branch Manager, Banking Salary

For Banking Branch Managers, annual average wages total $53K per year. Overall incomes of Banking Branch Managers — including $12K bonuses, $5K profit sharing proceeds, and $14K commissions on the more lucrative end — generally ranges between $37K and $78K. While the particular city and experience level impact pay for this group, the specific employer is the most influential factor. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 58 percent. Most Banking Branch Managers like their work and job satisfaction is high. Medical benefits are awarded to a large number, and most earn dental coverage.

$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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Banking Branch Managers do not often transition into VP of Operations roles. The role averages $123K per year. Banking Branch Managers most often move into positions as Bank VPs & Branch Managers or Bank Managers; those groups report median salaries that are $16K higher and $1K higher, respectively.

Branch Manager, Banking Job Listings

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Popular Employer Salaries for Branch Manager, Banking


The PNC Financial Services Group, Inc., Wells Fargo Bank, SunTrust Banks Inc., U.S. Bank, and J.P. Morgan Chase & Co. (JPMCC) are top-notch employers for Banking Branch Managers in this area. The biggest paychecks can be found at Citibank — the median salary there is $78K; however, employees are subject to a wide range in pay, with the lowest salaries sitting near $54K and highest ones in the neighborhood of $98K. Soaring salaries can also be found at J.P. Morgan Chase & Co. (JPMCC), Capital One Financial Corp, and Chase Bank, where earnings of $74K, $68K, or $68K are standard for Banking Branch Managers.

The lowest pay by far can be found at Federal Credit Union — this employer offers a median salary of $44K, 76 percent lower than the top payer. 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 Training, Scheduling, and Mortgage Loans. Most people familiar with Banking also 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. Salaries of relatively inexperienced workers fall in the neighborhood of $50K, but folks who have racked up five to 10 years see a notably higher median of $56K. Banking Branch Managers bring in $59K after working for 10 to 20 years. Veterans who have surpassed the 20-year mark may make no more than those who are navigating the mid-career stage.

Pay Difference by Location

National Average: $55,557

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

New York offers some of the highest pay in the country for Banking Branch Managers, 43 percent above the national average. Banking Branch Managers will also find cushy salaries in 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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