Bank Branch Managers
Bank branch managers oversee bank branches, their various departments (e.g., customer service, loans, accounting, etc.), and their employees. In most small or medium-size commercial banks, branch managers often have a responsibility for selling the bank’s financial products. branch managers are also known as bank branch supervisors.
Minimum Education Level
Banking branch managers earned median annual salaries of $57,902 in 2019, according to PayScale, with most salaries ranging from $41,000 to $78,000.
Some branch managers receive bonuses and commissions that are based on their sales referrals, the branch’s growth, customer satisfaction, and other factors. PayScale reports that branch managers earned bonuses that ranged from $1,000 to $1...
Financial managers may work more than 40 hours a week, according to the U.S. Department of Labor. Branch managers must be on-site whenever banks are open (during regular business hours Monday through Friday, as well as on Saturdays). They frequently attend community events at night and on weekends to help promote their bank’s services. Branch managers who supervise multiple bank branches travel...
Employment for branch managers should only be fair in coming years as a result of continuing reductions in the number of bank branches. According to the U.S. Department of Labor, technology continues to decrease the number of bank branches throughout the United States. The popularity of mobile and online banking has reduced the types of transactions formerly handled by bank branches and live te...