The average salary for a Bank Manager is $61,494.
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What Do Bank Managers Do?
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 t…Read more
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.
Job Satisfaction for Bank Manager
Popular Employer Salaries for Bank Manager
The top respondents for the job title Bank Manager are from the companies Bank of America Corp. (BOFA), The PNC Financial Services Group, Inc. and Wells Fargo Bank. Reported salaries are highest at Chase Bank where the average pay is $69,739. Other companies that offer high salaries for this role include U.S. Bank and Bank of America Corp. (BOFA), earning around $69,000 and $68,125, respectively. Wells Fargo Bank pays the lowest at around $54,532. BB&T Corp. and Regions Bank also pay on the lower end of the scale, paying $62,496 and $63,886, respectively.
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Somewhat common (8 - 20%)
Bank Manager Job Listings
What Are Popular Skills for Bank Managers?
Skills in People Management, Sales Management and Business Development are correlated to pay that is above average. Skills that pay less than market rate include Operations Management and Customer Service.
What is the Pay by Experience Level for Bank Managers?
An entry-level Bank Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $47,117 based on 9 salaries. An early career Bank Manager with 1-4 years of experience earns an average total compensation of $53,952 based on 92 salaries. A mid-career Bank Manager with 5-9 years of experience earns an average total compensation of $60,907 based on 184 salaries. An experienced Bank Manager with 10-19 years of experience earns an average total compensation of $63,114 based on 337 salaries. In their late career (20 years and higher), employees earn an average total compensation of $64,227.
Pay Difference by Location
Employees with Bank Manager in their job title in Los Angeles, California earn an average of 24.8% more than the national average. These job titles also find higher than average salaries in San Diego, California (15.3% more) and Sacramento, California (13.4% more). The lowest salaries can be found in Houston, Texas (0.5% less).
Years of Experience
This data is based on 848 survey responses.