Bank Manager Salary

With just under two-thirds of Bank Managers in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Bank Managers is $59K per year and can range from $41K on the lower end to $87K per year near the higher end. In the world of Bank Managers, overall cash earnings stretch from $41K near the bottom to $87K near the top; these packages encompass bonuses that run close to $14K and profit sharing that can (albeit rarely) exceed $6K, along with commissions approaching $12K. This group's pay is mainly influenced by residence, followed by the company and tenure. Most workers in this position report high levels of job satisfaction. Women make up a slight majority of Bank Managers (57 percent) survey respondents. Medical benefits are awarded to almost all, and a large number earn dental coverage. This report is based on responses to the PayScale salary survey.
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$41,964 - $79,942
$42K
$60K
$80K
MEDIAN: $59,824
10%
50%
90%

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$14.37 - $28.35
$14
$18
$28
MEDIAN: $17.86
10%
50%
90%

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$0$88K
Salary $41,964 - $79,942
Bonus $1,203 - $14,505
Profit Sharing $0.00 - $6,153
Commission $779 - $12,880
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).
)
$41,004 - $88,103
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 673
Hourly Data $0$39
Hourly Rate $14.37 - $28.35
Overtime $17.05 - $39.64
Annual Data $0$88K
Bonus $1,203 - $14,505
Commission $779 - $12,880
Profit Sharing $0.00 - $6,153
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).
)
$41,004 - $88,103
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 44

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Bank Manager

The bank manager handles the day-to-day operations of a bank branch, which is usually owned and operated by a larger financial entity. They administer the bank’s policies, ensure adherence to company and legal regulations, and are responsible for supervising the other bank employees. They implement bank operations and budgets, and they are expected to run their operation in a profitable manner. The bank manager is expected to grow their branch by expanding its base of customers and ensure that the bank is marketed properly. Depending on the bank and the entity that owns it, continuing training on regulations and new requirements may be part of the bank manager’s job, and the manager should also expect to do a great deal of training to his or her own staff as well. Finally, the bank manager serves as the final authority on hiring decisions made by the bank, and should have a good working knowledge of human resource management.

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Bank Manager Tasks

  • Manage the daily activities of a bank branch or regional branches, including marketing, sales, HR, and bank profitability.
  • Establish and maintain strong relationships with customers, the community, and business partners.
  • Plan and implement strategies for bringing in new customers and improving sales of bank services.
  • Supervise and motivate bank staff, and oversee the hiring, training, and performance of employees.

Common Career Paths for Bank Manager


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Moving into a Bank VP or Branch Manager position seems to be a popular career progression. Median pay for this job is $71K annually.

Bank Manager Job Listings

Popular Employer Salaries for Bank Manager


Bank of America Corp. (BOFA), J.P. Morgan Chase & Co. (JPMCC), Wells Fargo Bank, SunTrust Banks Inc., and People's United Bank are some prominent firms with considerable interest in employing a large team of Bank Managers. J.P. Morgan Chase & Co. (JPMCC) does shell out the biggest paychecks — the median in that office is $78K — but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $47K while workers on the upper end may rake in up to $102K. Other leaders in compensation levels are Citizens Financial Group, Inc. at $72K, Chase Bank at $72K, and The PNC Financial Services Group, Inc., where Bank Managers annually earn $71K.

The consistently lowest paying firm is Wells Fargo Bank, where the median salary is just $56K. There isn't much variation there, either; the pay scale ranges only from $45K to $95K. Also sliding in at the lower end of the scale are us bank, People's United Bank, and Regions Bank. Their employees earn $59K on average.

Popular Skills for Bank Manager


Bank Managers report using a diverse set of skills on the job. Most notably, skills in Sales, Customer Relationship Management, Business Development, and Sales Management are correlated to pay that is above average, with boosts between 5 percent and 9 percent. Skills that seem to negatively impact pay include Consumer Loans and Mortgage Loans. Most people who know Customer Service also know Operations Management.

Pay by Experience Level for Bank Manager

Pay by Experience for a Bank Manager has a positive trend. An entry-level Bank Manager with less than 5 years of experience can expect to earn an average total compensation of $52,000 based on 164 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Bank Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $61,000 based on 246 salaries. An experienced Bank Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $64,000 based on 343 salaries. A Bank Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $65,000 based on 174 salaries.

Pay Difference by Location

National Average: $62,376

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

Seattle offers some of the highest pay in the country for Bank Managers, 34 percent above the national average. Bank Managers will also find cushy salaries in San Jose (+33 percent), Orlando (+21 percent), Dallas (+18 percent), and Chicago (+12 percent). The lowest-paying market is Houston, which sits 17 percent below the national average. A couple other locations with smaller-than-average paychecks include New York (10 percent lower) and Jacksonville (5 percent lower).

Bank Manager Reviews

Q: What is it like working as a Bank Manager?

Bank Manager in Boston:
"Being a Bank Manager."
Pros: I absolutely love working with our clients. They are mostly from the "Union" world as this is not your typical bank. Work closely with the Massachusetts Carpenters. We service annuity payments and processed "stamp" orders. I enjoy working/managing a team. I love teaching them new projects and having one on one meetings with my staff. I enjoy challenging them and also rewarding them for all their good and hard work. I like having meetings with Risk and Compliance and other departments to learn new experiences and to understand how the whole bank works as we all need each other.
Cons: Working 10-12 hours a day without a break. Meetings to discuss meetings that we've already had.

Related Job Salaries

Key Stats for Bank Manager

Gender

Female
60 %
Male
40 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 128 votes.
Less than 1 year
1%
1-4 years
12%
5-9 years
22%
10-19 years
40%
20 years or more
25%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Bank Manager Salaries

▲4%

▲2%

National Average
$62,000

▼3%

▼17%

Skills That Affect Bank Manager Salaries

Sales
▲7%

Customer Relationship Management (CRM)
▲5%



National Average
$62,000




Mortgage Loans
▼17%

Consumer Loans
▼20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 128 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

Less than 1 year
1%
1-4 years
12%
5-9 years
22%
10-19 years
40%
20 years or more
25%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 86%
vision benefits
Vision: 78%
no benefits
None: 7%
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