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Branch Manager, Banking Salary

Median pay for Banking Branch Managers in the United States lies in the neighborhood of $52K annually. Total incomes of Banking Branch Managers incorporate potential for, in a few cases, more than $12K from bonuses and close to $5K from profit sharing; these performance components cause packages to range between $36K and $77K. The company is the biggest factor affecting pay for this group, followed by geography and experience level. For the most part, Banking Branch Managers enjoy their work and report high levels of job satisfaction. Medical benefits are awarded to most, and a large number earn dental coverage. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 57 percent. Participants in PayScale's salary questionnaire provided the particulars of this report.

$36,557 - $70,403
(Median)
$37K
$52K
$70K
MEDIAN: $51,560
10%
50%
90%

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$11.53 - $22.92
(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
$36,557 - $70,403  
   
Bonus
$0.97 - $12,043  
Profit Sharing
$488.32 - $4,987  
Commission
$496.65 - $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).
)
$36,125 - $77,153  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 4,768
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
$11.53 - $22.92  
   
Overtime
$15.74 - $31.01  
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
$0.97 - $12,043  
   
Commission
$496.65 - $13,702  
Profit Sharing
$488.32 - $4,987  
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).
)
$36,125 - $77,153  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 219

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United States (change)


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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 sometimes assume positions such as VPs of Operations. That role pays $122K per year on average. 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 $2K 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, U.S. Bank, J.P. Morgan Chase & Co. (JPMCC), and SunTrust Banks Inc. are leaders in the field that employ a large number of Banking Branch Managers. Employees of Citibank can expect to make the most, with the company offering a median salary of $80K; however, pay is widely dispersed from bottom to top, ranging from $55K to $97K. Also paying near the top of the field are J.P. Morgan Chase & Co. (JPMCC) at $73K, Capital One Financial Corp at $68K, and Chase Bank, where Banking Branch Managers annually earn $67K.

About half the top paying employer's rate, Federal Credit Union offers a median salary of just $44K, consistently last on the pay scale ladder by far. Others at the bottom of the scale for this job include Woodforest National Bank at $48K, and SunTrust Banks Inc. where $56K is the norm, but it is worth noting that some Banking Branch Managers there earn up to $77K.

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 Operations Management are correlated to pay that is above average, with boosts between 5 percent and 13 percent. Skills that seem to negatively impact pay include Mortgage Loans, Scheduling, and Training. It is often found that people who know Banking are also skilled in 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 Banking Branch Managers, more experience in the field does not usually mean bigger paychecks. Workers in their first five years can expect to earn $50K, but people who have been around for five to 10 years earn a noticeably bigger sum of $55K. Banking Branch Managers see a median salary of $58K after reaching one to two decades on the job. 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


For Banking Branch Managers, New York provides a pay rate that is 45 percent greater than the national average. Banking Branch Managers can also look forward to large paychecks in cities like Chicago (+21 percent), Seattle (+19 percent), Dallas (+18 percent), and Houston (+15 percent). Denver is home to the smallest salaries in the field, lagging the national average by 1 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 4%




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 945 votes.

Gender

Female
57 %
Male
43 %

Years of Experience

Less than 1 year
2%
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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