Branch Manager, Banking Salary

Pay for Banking Branch Managers in the United States sits in the ballpark of $52K per year. Individual bonuses, profit sharing and commission for Banking Branch Managers — as high as $12K, $5K and $13K, respectively — each contribute to the degree of variation within overall compensation, ranging from $36K to $77K. The particular firm is the biggest factor affecting pay for this group, followed by the particular city and years of experience. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 58 percent. A large number enjoy medical while most get dental coverage. Vision coverage is also available to the larger part. For the most part, Banking Branch Managers enjoy their work and report high levels of job satisfaction.

$36,822 - $70,438
(Median)
$37K
$52K
$70K
MEDIAN: $51,799
10%
50%
90%

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$11.56 - $22.96
(Median)
$12
$16
$23
MEDIAN: $15.00
10%
50%
90%

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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
$36,822 - $70,438  
   
Bonus
$0.00 - $12,025  
Profit Sharing
$477.58 - $4,954  
Commission
$404.52 - $13,000  
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).
)
$36,299 - $77,056  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 4,685
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 - $22.96  
   
Overtime
$15.56 - $32.69  
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 - $12,025  
   
Commission
$404.52 - $13,000  
Profit Sharing
$477.58 - $4,954  
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).
)
$36,299 - $77,056  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 216
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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.

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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 $122K per year. Banking Branch Managers moving up in their careers tend to step into positions as Bank VPs & Branch Managers or Bank Managers. The median paychecks in those roles are $16K higher and $2K higher, respectively.

Branch Manager, Banking Job Listings

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Popular Employer Salaries for Branch Manager, Banking


Banking Branch Managers fill the offices of leading firms The PNC Financial Services Group, Inc., U.S. Bank, Wells Fargo Bank, SunTrust Banks Inc., and J.P. Morgan Chase & Co. (JPMCC). 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. Soaring salaries can also be found at J.P. Morgan Chase & Co. (JPMCC), TD Bank, N.A., and Capital One Financial Corp, where earnings of $73K, $68K, or $68K are standard for Banking Branch Managers.

Known for its small paychecks, Federal Credit Union actually ranks last in the field for salary, reporting a median income of $44K — 79 percent lower than the top payer. Other low-paying employers include Woodforest National Bank at $49K and SunTrust Banks Inc. at $54K, though some Banking Branch Managers there earn up to $76K.

Popular Skills for Branch Manager, Banking


Survey respondents exploit a significant toolbox of skills in their work. 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 with a lot of experience do not necessarily enjoy more money. The average beginner in this position makes around $50K, but folks who have been around for five to 10 years see a markedly higher median salary of $55K. After working for 10 to 20 years, Banking Branch Managers make a median salary of $58K. Banking Branch Managers with more than 20 years of experience report incomes that are no higher than those with 10 to 20 years on the job.

Pay Difference by Location


Professionals in New York, Los Angeles, and Chicago — the three largest American cities — enjoy a comfortable lifestyle with compensation above the national average. With compensation 3 percent below the national average, Pittsburgh is not known for hefty paychecks and actually represents the lowest-paying market.

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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%

Operations Management
up arrow 4%

Sales
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 873 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%
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