Branch Manager, Banking Salary

Banking Branch Managers in the United States pull down an average of $52K per year. The range in cash compensation to Banking Branch Managers (largely between $36K and $77K) includes potential earnings of $12K from bonuses, $5K from profit sharing, and commissions of $12K in exceptional cases. This group's pay is mainly influenced by the company, followed by the particular city and experience level. Women Banking Branch Managers who took the survey just slightly outnumber men. Most Banking Branch Managers like their work and job satisfaction is high. A large number report receiving medical coverage from their employers and most collect dental insurance.

$36,852 - $70,488
(Median)
$37K
$52K
$70K
MEDIAN: $51,887
10%
50%
90%

Add this chart to your site: 640px    300px

$11.56 - $23.09
(Median)
$12
$16
$23
MEDIAN: $15.00
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$26K$52K$78K
Salary
$36,852 - $70,488  
   
Bonus
$0.00 - $12,021  
Profit Sharing
$476.77 - $4,977  
Commission
$401.78 - $12,280  
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).
)
$36,328 - $77,055  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 4,678
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$13$26$39
Hourly Rate
$11.56 - $23.09  
   
Overtime
$15.62 - $32.61  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$26K$52K$78K
Bonus
$0.00 - $12,021  
   
Commission
$401.78 - $12,280  
Profit Sharing
$476.77 - $4,977  
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).
)
$36,328 - $77,055  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 217
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


There are some Banking Branch Managers — though it's uncommon — that transition into VPs of Operations, where earnings are an average $122K annually. When Banking Branch Managers are ready for the next step in their careers, they often become Bank VPs & Branch Managers or Bank Managers. Those roles pay an additional $16K and $1K, respectively.

Branch Manager, Banking Job Listings

Search for more jobs:

Popular Employer Salaries for Branch Manager, Banking


Many Banking Branch Managers can be found at The PNC Financial Services Group, Inc., U.S. Bank, Wells Fargo Bank, SunTrust Banks Inc., and J.P. Morgan Chase & Co. (JPMCC), firms that are at the top of the field. For Banking Branch Managers, comfortable salaries can be found at Citibank; in fact, average earnings are around $79K, the highest in the area, though the difference in the company's lowest and highest employee paychecks ($55K versus $96K) is great. J.P. Morgan Chase & Co. (JPMCC), TD Bank, N.A., and Capital One Financial Corp also offer top salaries for Banking Branch Managers. Workers at these firms can expect to earn about $73K, $68K, and $68K, respectively.

With a median salary of only $44K (79 percent lower than the top payer), Federal Credit Union lags significantly in the earnings department. 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 participants wield an impressively varied skill set 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. Skills that seem to negatively impact pay include Scheduling, Training, 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.


More years of relevant experience do not necessarily translate to higher paychecks. 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 $55K. Banking Branch Managers with one to two decades of relevant experience report an average salary of approximately $58K. 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


New York, Los Angeles, and Chicago — America's three largest cities — boast salaries well above the national rate for Banking Branch Managers. With compensation 4 percent below the national average, Pittsburgh is not known for hefty paychecks and actually represents the lowest-paying market.

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%

Banking
up arrow 1%

People Management
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 867 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