A bank manager is in charge of the financial operations of a bank and the employees who provide customer services. You will direct the actions of the junior employees and report to the regional manager. Your duties are to train and supervise employees, guide staff in their day-to-day tasks, develop strategies for the success of the bank, promote and market the branch and its products, meet with customers and resolve any complaints, and ensure there's a high level of customer service. You are also expected to monitor sales targets, perform bank procedures, and ensure that bank records and statements are handled properly.
You need a bachelor's degree in business, commerce, or accounting for this position. You should also have the ability to work under pressure and have a head for numbers and business. Plus, you should be excellent at making decisions, honest and trustworthy. You will earn an average salary of $105,891 per year.
There is more than meets the eye when it comes to being a bank manager. For example, did you know that they make an average of $50.91 an hour? That's $105,891 a year!
Between 2018 and 2028, the career is expected to grow 16% and produce 104,700 job opportunities across the U.S.
There are certain skills that many bank managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed initiative, interpersonal skills and detail oriented.
When it comes to the most important skills required to be a bank manager, we found that a lot of resumes listed 7.7% of bank managers included bank products, while 6.9% of resumes included regulatory agencies, and 5.9% of resumes included financial services. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the bank manager job title. But what industry to start with? Most bank managers actually find jobs in the finance and health care industries.
If you're interested in becoming a bank manager, one of the first things to consider is how much education you need. We've determined that 64.1% of bank managers have a bachelor's degree. In terms of higher education levels, we found that 12.4% of bank managers have master's degrees. Even though most bank managers have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a bank manager. When we researched the most common majors for a bank manager, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on bank manager resumes include master's degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a bank manager. In fact, many bank manager jobs require experience in a role such as branch manager. Meanwhile, many bank managers also have previous career experience in roles such as personal banker or teller.