$56,630
Avg. Salary
$17.87
Avg. Hourly Rate

Average additional compensation for this job:

Bonus

$4,966

Profit Sharing

$1,508

Commission

$4,129

The average pay for a Branch Manager, Banking is R97.79 per hour.

The average pay for a Branch Manager, Banking is R250,576 per year.

$13
10%
$18
50%
$27
90%
MEDIAN $18
$40k
10%
$57k
50%
$77k
90%
MEDIAN $56,630
$40,118 - $77,122
$40K
$57K
$77K
MEDIAN: $56,630
10%
50%
90%

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$13.08 - $26.83
$13
$18
$27
MEDIAN: $17.87
10%
50%
90%

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$0$83K
Salary $40,118 - $77,122
Bonus $1,000 - $14,336
Profit Sharing $0.00 - $5,072
Commission $999 - $11,515
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).
)
$39,205 - $83,074
  • Country: United States
  • Currency: USD
  • Updated: 14 Oct 2018
  • Individuals Reporting: 4,652
Hourly Data $0$37
Hourly Rate $13.08 - $26.83
Hourly Tips $0.00
Overtime $15.71 - $37.78
Annual Data $0$83K
Bonus $1,000 - $14,336
Commission $999 - $11,515
Profit Sharing $0.00 - $5,072
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).
)
$39,205 - $83,074
  • Country: United States
  • Currency: USD
  • Updated: 14 Oct 2018
  • Individuals Reporting: 308

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.

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.

Common Career Paths for Branch Manager, Banking


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Banking Branch Managers do not often transition into VP of Operations roles. The role averages $124K per year. However, Banking Branch Managers typically graduate to Bank VPs & Branch Managers or Bank Managers.

Branch Manager, Banking Job Listings

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

National Average: $58,577

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

Branch Manager, Banking Advice

Q: What is it like working as a Branch Manager, Banking?

Branch Manager, Banking in Morehead City:
"Delagation of duties."
Do not try to complete all task personally. ..delegate.

Branch Manager, Banking in Gaylord:
"That it would become more and more a retail business -compet."
Don't do it. Find another career path.

Branch Manager, Banking in Stockton:
Set goals, be ready to work hard, find your niche, communicate with your staff effectively by keeping them in the loop at all times. Don't be afraid to get your hands dirty and work next to them. Know all aspects of positions in which you are managing.

Branch Manager, Banking in Charleston:
"Listening well pays large dividends."
Take notes and be well organized. A consistent, comprehensive call plan is essential to your success.

Branch Manager, Banking in Beaumont:
"Good job."
Pros: Working with people.
Cons: Hours and lack of help.

Branch Manager, Banking in Springfield:
"You can do it!"
There will be a lit thrown at you but they put you in that position for a reason!!

Branch Manager, Banking in Danbury:
"Overall Opportunities in house."
Ask for the big picture of your career opportunities.

Related Job Salaries

Key Stats for Branch Manager, Banking

Gender

Female
60 %
Male
40 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 755 votes.
Less than 1 year
1%
1-4 years
18%
5-9 years
25%
10-19 years
37%
20 years or more
19%

Experience Affects Branch Manager, Banking Salaries

▲4%

▲2%

National Average
$59,000

▼1%

▼11%

Skills That Affect Branch Manager, Banking Salaries




▼0%

National Average
$59,000

People Management
▼1%

Sales
▼1%


Customer Relationship Management (CRM)
▼2%

▼3%


▼5%



▼9%

▼10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 755 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

Less than 1 year
1%
1-4 years
18%
5-9 years
25%
10-19 years
37%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 81%
vision benefits
Vision: 74%
no benefits
None: 11%