Branch Manager, Banking Salary

Banking Branch Managers in the United States can expect wages of $52K per year on average. With some bonuses approaching $12K and certain profit sharing proceeds approaching $5K, overall incomes of Banking Branch Managers spread between $36K and $77K depending on individual performance. While the particular city and experience level impact pay for this group, the company is the most influential factor. Work is enjoyable for Banking Branch Managers, who typically claim high levels of job satisfaction. Medical benefits are awarded to a large number, and most earn dental coverage. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 57 percent.

$36,520 - $70,383
(Median)
$37K
$52K
$70K
MEDIAN: $51,557
10%
50%
90%

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$11.51 - $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
$36,520 - $70,383  
   
Bonus
$-0.04 - $12,066  
Profit Sharing
$487.62 - $4,969  
Commission
$512 - $13,809  
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).
)
$36,133 - $77,261  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 4,807
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 - $22.96  
   
Overtime
$15.90 - $30.66  
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
$-0.04 - $12,066  
   
Commission
$512 - $13,809  
Profit Sharing
$487.62 - $4,969  
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).
)
$36,133 - $77,261  
Country: United States | Currency: USD | Updated: 1 Apr 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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While not commonly seen, Banking Branch Managers who transition into a VP of Operations position may see a rise in pay. The median salary for VPs of Operations is $122K per year. A common career progression for a Banking Branch Manager is to become a Bank VP or Branch Manager or a Bank Manager. Compared to Banking Branch Managers, the first group earns $16K more on average, and the second group earns $1K more.

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, J.P. Morgan Chase & Co. (JPMCC), U.S. Bank, and SunTrust Banks Inc. 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 $97K. Soaring salaries can also be found at J.P. Morgan Chase & Co. (JPMCC), Capital One Financial Corp, and TD Bank, N.A., where earnings of $72K, $67K, or $66K are standard for Banking Branch Managers.

Relative to other names in the field, compensation is very low at Federal Credit Union — the median salary comes to just $44K, just about half of the top paying company's median. Other low-paying employers include Woodforest National Bank at $48K and SunTrust Banks Inc. at $56K, though 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 Sales are correlated to pay that is above average, with boosts between 5 percent and 13 percent. Skills that seem to negatively impact pay include Scheduling, Mortgage Loans, and Training. The majority of those who know 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. Those in the early stages of their career can expect to make around $50K; however, individuals with five to 10 years of experience bring in $55K on average — a distinctly larger sum. Banking Branch Managers with one to two decades of relevant experience report an average salary of approximately $58K. More than 20 years of experience mean a somewhat bigger median paycheck of $59K, but it's not much more than what less experienced people make.

Pay Difference by Location


For Banking Branch Managers, New York provides a pay rate that is 45 percent greater than the national average. Banking Branch Managers will also find cushy salaries in Chicago (+21 percent), Seattle (+18 percent), Dallas (+16 percent), and Houston (+15 percent). Pittsburgh is home to the smallest salaries in the field, lagging the national average by 2 percent.

Related Job Salaries

United States (change)

Experience Affects Branch Manager, Banking Salaries




National Average
$54,000


Skills That Affect Branch Manager, Banking Salaries




Sales
up arrow 4%

Operations Management
up arrow 4%

Leadership
up arrow 3%

People Management
up arrow 2%

Banking
up arrow 1%

Hiring
up arrow 1%

National Average
$54,000

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 973 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%