Assistant Branch Manager, Banking Salary

Median pay for Assistant Branch Managers of Banking in the United States is around $43K per year. The final incomes of Assistant Branch Managers of Banking generally vary between $32K and $56K; higher pay grades include potential for bonuses, profit sharing, and commissions as high as $7K, $3K, and $5K, respectively. The most important factor affecting compensation for this group is geographic location, followed by the company and experience level. In this profession, a large number enjoy medical and dental coverage, and a fair number have vision insurance, as well. Job satisfaction is high and work is enjoyable for most Assistant Branch Managers of Banking. Female Assistant Branch Managers of Banking make up most of the survey respondents at 72 percent. The numbers in this rundown were provided by PayScale's salary survey participants.
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$34,469 - $55,164
$34K
$43K
$55K
MEDIAN: $43,367
10%
50%
90%

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$13.37 - $24.58
$13
$18
$25
MEDIAN: $18.06
10%
50%
90%

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$0$56K
Salary $34,469 - $55,164
Bonus $490.27 - $6,895
Profit Sharing $0.00 - $3,535
Commission $505 - $6,040
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).
)
$31,801 - $56,483
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 1,082
Hourly Data $0$36
Hourly Rate $13.37 - $24.58
Overtime $19.11 - $36.97
Annual Data $0$56K
Bonus $490.27 - $6,895
Commission $505 - $6,040
Profit Sharing $0.00 - $3,535
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).
)
$31,801 - $56,483
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 508

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Assistant Branch Manager, Banking

As an assistant branch manager for a bank, there are several responsibilities which are typical. Hiring, training, and supervising customer service representatives and financial service manager is a major part of this position. The assistant branch manager must also fulfill duties to gain and retain customers, by heeding to the highest standards of customer service. Daily operational activities that branch managers perform include monitoring branch financial activities, performing audits, reviewing reports, and managing cash levels. Assistant branch managers also work to enforce banking regulations and oversee bank security measures. Assistant branch managers work within the banks which employ them. Co-workers include all lower level operational employees of the bank including security, tellers, personal bankers, financial advisers, etc. In addition, the assistant branch manager must work alongside the branch manager to ensure the smooth day to day operations of the bank. Communication with corporate about news, new developments, changing regulations, and other related business information are also a part of the job. Educational requirements may vary. The minimum educational requirement for this position is a high school diploma, but many banks require or prefer a four year degree. Banks tend to be somewhat lenient in the type of degree required for such positions, but finance, business, mathematics, and economics degrees are the most desirable. In lieu of a degree, managerial experience may translate well into this position. Employers typically require two to five years of managerial experience when considering applicants for assistant branch manager positions. A typical work week is a forty hour, 9 to 5. Some extra hours may be needed at certain times and assistant managers may sometimes need to work hours on certain Saturdays as well. (Copyright 2017 PayScale.com)


Assistant Branch Manager, Banking Tasks

  • Hire, train, and supervise customer service representatives and financial service managers.
  • Enforce bank regulations and oversee bank security measures.
  • Monitor branch financial activities, performing audits, reviewing reports, and managing cash levels.
  • Work to gain and retain customers by maintaining high standards of customer service.

Common Career Paths for Assistant Branch Manager, Banking


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At the upper end, Assistant Branch Managers of Banking who move into a Bank VP or Branch Manager role can end up with a hefty increase in pay. The average income for Bank VPs & Branch Managers is a much higher $71K per year. Banking Branch Managers or Bank Managers are common next-step roles for Assistant Branch Managers of Banking moving up in their careers; annual pay for Banking Branch Managers is $9K higher on average, and it's $15K higher for Bank Managers.

Assistant Branch Manager, Banking Job Listings

Popular Employer Salaries for Assistant Branch Manager, Banking


Dominating the field, Regions Bank, Citibank, U.S. Bank, Bank of America Corp. (BOFA), and Chase Bank are top firms with a reputation for hiring a great number of Assistant Branch Managers of Banking. Chase Bank pays the most with a median salary of $50K, though there is little variation overall ($35K to $60K). Other big spenders include Citibank, The PNC Financial Services Group, Inc., and Bank of America Corp. (BOFA), top-paying firms where Assistant Branch Managers of Banking see paychecks nearing $50K, $48K, or $48K.

Woodforest National Bank, SunTrust Banks Inc. and Bbva Compass are three other employers with a reputation for below-average pay, showing salaries around $40K, $40K, and $41K.

Popular Skills for Assistant Branch Manager, Banking


Survey participants wield an impressively varied skill set on the job. Most notably, skills in Office Management, Operations Management, Sales Management, and People Management are correlated to pay that is above average. Skills that pay less than market rate include Customer Relations and Training. Those educated in Banking tend to be well versed in Leadership and Operations Management.

Pay by Experience Level for Assistant Branch Manager, Banking

Pay by Experience for an Assistant Branch Manager, Banking has a positive trend. An entry-level Assistant Branch Manager, Banking with less than 5 years of experience can expect to earn an average total compensation of $40,000 based on 642 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Assistant 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 $43,000 based on 578 salaries. An experienced Assistant Branch Manager, Banking which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $45,000 based on 479 salaries. An Assistant 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 $48,000 based on 174 salaries.

Pay Difference by Location

National Average: $43,365

Larger city markers indicate a job is popular in that location.

New York offers some of the highest pay in the country for Assistant Branch Managers of Banking, 26 percent above the national average. Assistant Branch Managers of Banking will also find cushy salaries in San Diego (+22 percent), Boston (+18 percent), Los Angeles (+15 percent), and Seattle (+10 percent). Falling short of the national average by 16 percent, the area with the worst salaries is San Antonio. Two other places where employers offer below-median salaries are Baton Rouge (15 percent less) and Philadelphia (7 percent less).

Related Job Salaries

Key Stats for Assistant Branch Manager, Banking

Gender

Female
73 %
Male
28 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 292 votes.
Less than 1 year
2%
1-4 years
29%
5-9 years
28%
10-19 years
28%
20 years or more
13%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Assistant Branch Manager, Banking Salaries

▲10%

▲4%

National Average
$43,000

▼1%

▼7%

Skills That Affect Assistant Branch Manager, Banking Salaries

Office Management
▲5%




▼0%

▼0%

National Average
$43,000

Banking
▼1%

Team Leadership
▼1%






▼4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 292 votes.

Gender

Female
73 %
Male
28 %

Years of Experience

Less than 1 year
2%
1-4 years
29%
5-9 years
28%
10-19 years
28%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 81%
vision benefits
Vision: 71%
no benefits
None: 11%
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