Branch Manager, Banking Salary
Banking Branch Managers in the United States tend to be well-versed in their field, and just under three-fifths have more than 10 years of experience. Average salary is expected to be around $56K per year, but may range from $39K to $82K per year. Total cash compensation to Banking Branch Managers approaches anywhere from $39K on the lower end to $82K on the higher end; in exceptional cases, this can include more than $12K from bonuses and upwards of $5K from profit sharing. Compensation for this group is mainly affected by the specific employer, but the particular city and tenure are influential factors as well. Most Banking Branch Managers like their work and job satisfaction is high. The majority of Banking Branch Managers (61 percent) who took the survey are women. Medical benefits are awarded to a large number, and most earn dental coverage. The data for this snapshot was collected from individuals who took PayScale's salary survey.
640px
Job Description for Branch Manager, Banking
Banking branch managers lead a team of bank employees. They must make sure that they, and their staff, build strong relationships with their customers or clients. They must work to recognize their customers’ financial needs and financial goals. They must have exceptional interpersonal, leadership, and customer service skills. They must have excellent oral and written communication skills. They must be able to build strong teamwork. They must ensure operational excellence. They must manage their branch’s budget. They closely monitor their branch’s revenue and expenses. They lead staff meetings.
Read More...Branch Manager, Banking Tasks
- Develop, implement, and manage all bank administrative and sales orientated plans and goals.
- Promotes business development and customer service standards.
- Drives sales and loan quotas.
Branch Manager, Banking Job Listings
Popular Employer Salaries for Branch Manager, Banking
U.S. Bank, Wells Fargo Bank, The PNC Financial Services Group, Inc., SunTrust Banks Inc., and Chase Bank are some prominent firms with considerable interest in employing a large team of Banking Branch Managers. Although Chase Bank offers the highest salaries (median pay is $78K), survey participants reported a rather limited pay range of $54K to $90K. Those in search of high salaries should also consider J.P. Morgan Chase & Co. (JPMCC), The PNC Financial Services Group, Inc., and Wells Fargo Bank, top-paying firms where Banking Branch Managers rake in a comfortable $69K, $69K, or $66K, respectively.
With a median salary of only $44K (77 percent lower than the top payer), Federal Credit Union lags significantly in the earnings department. Others at the bottom of the scale for this job include The Huntington National Bank at $56K, Regions Bank at $56K, and Charter One Bank, where $59K is the norm.
Popular Skills for Branch Manager, Banking
Survey results imply that Banking Branch Managers deploy a deep pool of skills on the job. Most notably, skills in Sales Management, Business Development, Leadership, and Team Leadership are correlated to pay that is above average. Skills that pay less than market rate include Training, Scheduling, and Customer Service. Most people familiar with Banking also know Team Leadership and Consumer Loans.
Pay by Experience Level for Branch Manager, Banking
Pay by Experience for a Branch Manager, Banking has a positive trend. An entry-level Branch Manager, Banking with less than 5 years of experience can expect to earn an average total compensation of $52,000 based on 663 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A 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 $58,000 based on 942 salaries. An experienced Branch Manager, Banking which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $60,000 based on 1,130 salaries. A 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 $61,000 based on 456 salaries.
Pay Difference by Location
For those looking to make money, Banking Branch Managers in New York enjoy an exceptional pay rate, 41 percent above the national average. Banking Branch Managers will also find cushy salaries in San Diego (+38 percent), Los Angeles (+28 percent), Boston (+19 percent), and Seattle (+18 percent). In Houston, salaries are 7 percent below the national average and represent the lowest-paying market. Two other places where employers offer below-median salaries are Knoxville (5 percent less) and Atlanta (3 percent less).
Related Job Salaries
Related Jobs
Key Stats for Branch Manager, Banking
Gender
|
Female
60 % |
|
Male
40 % |
|
Job Satisfaction
| Extremely satisfied |
Rated 5 out of 5 based on 424 votes. |
|
|
Privacy Notice: PayScale takes your privacy seriously and is sensitive to the nature of information collected on this site.