Vice President & Branch Manager, Banking Salary
A Vice President & Branch Manager, Banking earns an average salary of $71,886 per year. A skill in Commercial Loans is associated with high pay for this job. Most people in this job have more than five years' experience in related jobs. For the first five to ten years in this position, salary increases modestly, but any additional experience does not have a big effect on pay.
|Salary||$53,873 - $95,397|
|Bonus||$1,962 - $19,347|
|Profit Sharing||$600 - $9,826|
|Commission||$2,576 - $38,783|
|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).)
|$56,091 - $104,782|
Job Description for Vice President & Branch Manager, Banking
Bank vice presidents and branch managers are responsible for ensuring that the bank branch under their supervision operates effectively. They are in charge of making sure that corporate banking procedures are followed at all times, resolving client issues, and motivating banking professionals to achieve all organizational objectives in a timely manner. They must possess strong analytical and problem-solving skills to handle day-to-day banking operations that involve large amounts of currency. This professional's main functions also include opening and closing the banking branch and making sure all of the day's operations match existing records.Read More...
Bank vice presidents and branch managers develop strong business relationships with bank customers and external vendors, as well as participate in business meetings to suggest new ideas for banking programs. They also communicate and cooperate with other branch managers and exchange relevant information as required. Bank vice presidents and branch managers also develop strategic plans for operations and review business reports. They strive to increase customer satisfaction and increase business accounts. These professionals participate in training sessions to implement new banking initiatives and provide leadership support in hiring decisions. They also approve new schedules and budgets as needed. Generally, they report their progress to the branch president or regional manager in their organization.
A bachelor's degree in finance, banking, business administration, or a related field is generally necessary for this job. In addition, previous experience in a relevant managerial capacity is required. Industry and leadership certifications may be preferred. Bank vice presidents and branch managers must be problem solvers and perform well with minimal supervision.
Vice President & Branch Manager, Banking Tasks
- Establish and maintain relationships with customers and business partners.
- Oversee the assistant manager, and monitor the overall financial and customer service performance of the bank.
- Train, develop, and evaluate the bank sales team, and enforce corporate policies and procedures.
- Lead strategic planning for a branch of a bank, produce sales plans, and work to expand bank business.
- Act as a representative of the bank and build relationships with the local community.
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Pay by Experience Level for Vice President & Branch Manager, Banking
Pay by Experience for a Vice President & Branch Manager, Banking has a positive trend. An entry-level Vice President & Branch Manager, Banking with less than 5 years of experience can expect to earn an average total compensation of $67,000 based on 38 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vice President & Branch Manager, Banking with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $75,000 based on 81 salaries. An experienced Vice President & Branch Manager, Banking which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $77,000 based on 189 salaries. A Vice President & Branch Manager, Banking with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $80,000 based on 138 salaries.
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