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Branch Manager, Banking Salary

The average Banking Branch Manager in the United States can expect to rake in roughly $52K annually. Cash earnings for Banking Branch Managers — which occasionally include more than $12K from bonuses and more than $5K from profit sharing — stretch from around $36K to approximately $77K. The most influential factor affecting pay for this group is the specific employer, though geography and experience level have a (lesser) impact as well. Women Banking Branch Managers who took the survey just slightly outnumber men. Medical benefits are awarded to most, and a large number earn dental coverage. Job satisfaction is reported as high by the vast majority of workers.

$36,682 - $70,532
(Median)
$37K
$52K
$71K
MEDIAN: $51,651
10%
50%
90%

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$11.51 - $22.82
(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
$36,682 - $70,532  
   
Bonus
$0.00 - $12,084  
Profit Sharing
$486.12 - $4,975  
Commission
$487.96 - $13,882  
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).
)
$36,222 - $77,297  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 4,740
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
$11.51 - $22.82  
   
Overtime
$15.79 - $30.88  
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 - $12,084  
   
Commission
$487.96 - $13,882  
Profit Sharing
$486.12 - $4,975  
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).
)
$36,222 - $77,297  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 217
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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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While Banking Branch Managers do not often become VPs of Operations, the job pays $122K per year on average. Banking Branch Managers typically move into roles as Bank VPs & Branch Managers or Bank Managers, and those positions pay $16K more and $1K more, 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, U.S. Bank, J.P. Morgan Chase & Co. (JPMCC), and SunTrust Banks Inc. are all popular places to work. The biggest paychecks can be found at Citibank — the median salary there is $80K; however, employees are subject to a wide range in pay, with the lowest salaries sitting near $55K and highest ones in the neighborhood of $97K. J.P. Morgan Chase & Co. (JPMCC), Capital One Financial Corp, and TD Bank, N.A. also offer top salaries for Banking Branch Managers. Workers at these firms can expect to earn about $73K, $68K, and $67K, respectively.

With a median salary of only $44K (about half the top paying employer's rate), Federal Credit Union lags significantly in the earnings department. Others at the bottom of the scale for this job include Woodforest National Bank at $48K, and SunTrust Banks Inc. where $55K is the norm, but it is worth noting that some Banking Branch Managers there earn up to $77K.

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, Team Leadership, and Operations Management are correlated to pay that is above average, with boosts between 4 percent and 13 percent. Skills that seem to negatively impact pay include Training, Mortgage Loans, and Scheduling. Most people experienced in 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.


For many Banking Branch Managers, extensive experience does not lead to significantly more money. Relatively untried employees who have less than five years' experience make $49K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $55K. Banking Branch Managers bring in $58K after working for 10 to 20 years. Folks who have racked up more than 20 years in the field report incomes that aren't higher than less experienced individuals' earnings.

Pay Difference by Location


Geographically speaking, the highest compensation can be found in New York, Los Angeles, and Chicago — the three largest cities in the United States.

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Experience Affects Branch Manager, Banking Salaries




National Average
$54,000


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%

Banking
up arrow 1%

People Management
up arrow 1%

Hiring
0%

National Average
$54,000

Customer Relationship Management (CRM)
up arrow 2%

Consumer Loans
up arrow 3%

Customer Service
up arrow 4%




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 925 votes.

Gender

Female
57 %
Male
43 %

Years of Experience

Less than 1 year
1%
1-4 years
20%
5-9 years
33%
10-19 years
31%
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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