Highest-Paying Branch Manager Jobs [2023]

Research Summary. Using a combination of public government and company data as well as data gathered from thousands of job postings, the Zippia data team has created average salary estimates for jobs across the US. Using that data set, the team has identified the types of branch managers that are the highest paid based on their average annual salaries.

Here is a summary of our findings for the highest-paying types of branch managers:

• Banking Center Manager is the highest-paid type of branch manager with an average salary of $128,585 and an average hourly rate of $61.82.

• The second highest-paying type of branch manager is commercial manager, with an average salary of $100,167.

• The average branch manager salary is $56,291 per year, and the average hourly pay is $27.06.

Table Of Contents: Background | Table | Methodology | FAQs

Background

Choosing a career path can be difficult, and while pay shouldn’t be the only thing you consider in your decision, it is a significant factor. So if you’d like to work as a branch manager, it helps to have an idea of what the highest-paid types of branch managers are so that you can plan your career progression.

Here are the top salaries for different types of branch managers:

1. Banking Center Manager

   Average Salary: $128,585

   A banking center manager is responsible for monitoring bank operations, auditing financial transactions, and ensuring that the banking staff provides the highest customer service for their clients. Banking center managers assist the team members in responding to the customers’ inquiries and concerns regarding the financial options they offer, opening accounts, selling financial instruments, and resolving transactional complaints. A banking center manager must have excellent communication and analytical skills, especially in developing banking solutions that would increase the bank’s reliability to the customers.

2. Commercial Manager

   Average Salary: $100,167

   A commercial manager is in charge of devising strategies for optimal procedures. Their responsibilities typically revolve around liaising with clients to determine their needs, coordinating with different departments to gather necessary data, performing research and analysis to identify the strengths and weaknesses of existing systems, and developing new business plans for profit growth and efficient workflow. Furthermore, as a manager, it is essential to lead and encourage the staff to reach goals, all while implementing the company’s policies and regulations.

3. Regional Manager

   Average Salary: $97,855

   A Regional Manager is responsible for a company’s overall business operations within a particular area or region. Most of the duties will revolve around setting sales targets, creating strategies to boost financial gains, and maintaining an efficient workforce by having the right staff. Furthermore, Regional Managers must oversee the progress of sales and profits, evaluate the performance of employees, ensuring they are up to the targets and standards of the company’s policies and regulations, conducting assessments, and reporting to the higher administration.

4. Bank Manager

   Average Salary: $96,910

   A bank manager is responsible for supervising banking operations and monitoring staff performance in providing the best customer service for clients with their banking needs and financial transactions. Bank managers assist the staff with the complexities of processes, train new hires, and strategize the development of services that would contribute to the bank’s success. They also conduct fund audits and create accounts receivable reports at the end of the day. A bank manager responds to clients’ inquiries and concerns, resolve complaints, and manage account disputes.

5. District Manager

   Average Salary: $96,909

   District managers oversee the operations of a group of stores or areas covered by the assigned district. They are responsible for ensuring that the sales, marketing, quality control, and people management of their community align with the company’s direction. They review the district’s financial statement, draft ways to improve the district’s key metrics, and mitigate any challenges that may come their way. They are also responsible for hiring store or area managers and training them to ensure that they will be significant contributors to the organization.

Below is a full table of the average pay for various branch manager that pay the most followed by a more detailed explanation of our methodology.

Highest-Paying Types Of Branch Managers

Methodology

Zippia uses publicly published information from government sources such as the Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC), and the Office of Personnel Management (OPM) to create its salary estimates.

Our data science team also checks job postings and company-published resources for additional up-to-date salary information for branch managers.

Once they’ve gathered the data, the team calculates a weighted average for each job title they’re estimating a salary for. For more details on our salary estimates, you can read the detailed methodology.

Highest-Paying Types Of Branch Manager Jobs FAQs

1. What is the highest-paid branch manager job?

   The highest-paid branch manager job is a banking center manager. Banking Center Managers earn an average salary of $128,585, which is $ 61.82 hourly.

   A banking center manager is responsible for monitoring bank operations, auditing financial transactions, and ensuring that the banking staff provides the highest customer service for their clients. Banking center managers assist the team members in responding to the customers’ inquiries and concerns regarding the financial options they offer, opening accounts, selling financial instruments, and resolving transactional complaints. A banking center manager must have excellent communication and analytical skills, especially in developing banking solutions that would increase the bank’s reliability to the customers.

2. What is a good salary for a branch manager?

   A good salary for a branch manager is $56,291 or more. The average branch manager salary is $56,291, so those making at least $56,291 are earning above-average paychecks.

   Keep in mind, however, that the average branch manager salary does fluctuate based on location, as companies will adjust their pay scales based on the cost of living in that area. Research what the average salary is in your area for someone of your expertise and experience level to get a more accurate view on how well you’re being paid.

   In addition, if you’re just starting your career as a branch manager, the average entry level salary is $38,703, so don’t base your opinion of your salary on the $56,291 average, as this includes all branch managers of all skill and experience levels.

3. Do Branch Manager jobs pay well?

   Yes, branch manager jobs pay well. As in any industry, some branch manager jobs pay better than others, but the average branch manager salary of $56,291 is times the average national salary of about $44,225 per year.

   In addition to this, many branch manager jobs have high earning potential, with the top 10% of branch managers earning $92,070 a year on average.

   Branch Managers’ salaries will fluctuate based on their experience level, industry, and location, so pay attention to these factors when you’re looking for a job as a branch manager. Do your research on the going rate for a branch manager in your area with your expertise, and don’t be afraid to negotiate your salary based on that information.

4. Where do branch managers get paid the most?

   Branch Managers get paid the most in New Jersey. In New Jersey, branch managers earn an average annual salary of $68,057 and an average hourly wage of $32.72.

   Following NJ, the states with the highest-paid branch managers are Pennsylvania, Maryland, and Virginia, with average annual salaries of $63,205, $62,436, and $62,237 respectively.

   The cities with the highest-paid branch manager salaries are:

   1. Oakland, CA – $64,238

   2. Philadelphia, PA – $63,913

   3. Baltimore, MD – $62,644

Author

Chris Kolmar

Chris Kolmar is a co-founder of Zippia and the editor-in-chief of the Zippia career advice blog. He has hired over 50 people in his career, been hired five times, and wants to help you land your next job. His research has been featured on the New York Times, Thrillist, VOX, The Atlantic, and a host of local news. More recently, he's been quoted on USA Today, BusinessInsider, and CNBC.