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Job outlook for bank managers in the United States
Bank manager job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected bank manager job growth rate is 17% from 2018-2028.
About 123,100 new jobs for bank managers are projected over the next decade.
Bank manager salaries have increased 10% for bank managers in the last 5 years.
There are over 8,718 bank managers currently employed in the United States.
There are 66,136 active bank manager job openings in the US.
The average bank manager salary is $96,910.
Are bank manager jobs in demand?
Bank Manager job and salary trends over time
Bank Manager jobs over time
Bank Manager job growth rate over time
| Year | # Of Jobs | % Of Population |
|---|---|---|
| 2021 | 8,718 | 0.00% |
| 2020 | 8,055 | 0.00% |
| 2019 | 8,057 | 0.00% |
| 2018 | 7,805 | 0.00% |
| 2017 | 7,686 | 0.00% |
Average bank manager salary over time
Bank Manager salary by year
| Year | Avg. Salary | Hourly Rate | % Change |
|---|---|---|---|
| 2025 | $96,910 | $46.59 | +3.3% |
| 2024 | $93,811 | $45.10 | +1.5% |
| 2023 | $92,439 | $44.44 | +2.3% |
| 2022 | $90,337 | $43.43 | +2.7% |
| 2021 | $87,932 | $42.28 | +3.2% |
Bank Manager jobs by state
Most common states for bank managers
| Rank | State | Population | # of Jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | District of Columbia | 693,972 | 325 | 47% |
| 2 | Massachusetts | 6,859,819 | 1,026 | 15% |
| 3 | Delaware | 961,939 | 143 | 15% |
| 4 | Illinois | 12,802,023 | 1,603 | 13% |
| 5 | Washington | 7,405,743 | 981 | 13% |
| 6 | Maryland | 6,052,177 | 704 | 12% |
| 7 | Colorado | 5,607,154 | 687 | 12% |
| 8 | Minnesota | 5,576,606 | 656 | 12% |
| 9 | California | 39,536,653 | 4,161 | 11% |
| 10 | Virginia | 8,470,020 | 892 | 11% |
| 11 | Connecticut | 3,588,184 | 396 | 11% |
| 12 | New York | 19,849,399 | 1,932 | 10% |
| 13 | Georgia | 10,429,379 | 1,053 | 10% |
| 14 | New Jersey | 9,005,644 | 916 | 10% |
| 15 | Arizona | 7,016,270 | 688 | 10% |
| 16 | Missouri | 6,113,532 | 626 | 10% |
| 17 | Utah | 3,101,833 | 305 | 10% |
| 18 | Iowa | 3,145,711 | 299 | 10% |
| 19 | North Carolina | 10,273,419 | 944 | 9% |
| 20 | Rhode Island | 1,059,639 | 92 | 9% |
Most common cities for bank managers
| Rank | City | # of Jobs | Employment/ 1000ppl | Avg. Salary |
|---|---|---|---|---|
| 1 | Ames | 1 | 2% | $74,655 |
| 2 | Crystal Lake | 1 | 2% | $76,584 |
| 3 | Birmingham | 2 | 1% | $89,605 |
| 4 | Garland | 2 | 1% | $87,794 |
| 5 | Denton | 1 | 1% | $87,303 |
| 6 | Lewisville | 1 | 1% | $87,675 |
| 7 | Chicago | 4 | 0% | $77,099 |
| 8 | Baltimore | 3 | 0% | $100,889 |
| 9 | Atlanta | 1 | 0% | $97,839 |
| 10 | Boston | 1 | 0% | $94,338 |
| 11 | Charlotte | 1 | 0% | $102,715 |
| 12 | Des Moines | 1 | 0% | $74,812 |
| 13 | Indianapolis | 1 | 0% | $77,457 |
Bank Manager job outlook: Expert opinions
Our panel of bank manager experts
DePaul University
Loyola University Maryland
Red Rocks Community College
Will there be an enduring impact of the coronavirus pandemic on Bank Managers?
Delvin Grant: Yes. I strongly believe coronavirus will have a lasting impact on new graduates. A increasing paradigm shift is taking place as we speak, as some IT-related jobs can be done remotely. I expect the shift to continue until a steady state condition is achieved, when companies feel they have the right mix of remote and face-to-face employment. Some companies may resist the trend, valuing face-to-face over remote working. Face-to-face satisfies a human need to socialize and, in some cultures, much business is done by face-to-face. There is evidence of a paradigm shift as many IT employees work remotely, due to the pandemic. Some companies have realized the shift is here to stay and others take a wait and see attitude. It is hard not to recognize the shift as there are cost saving from office rent, office space, heating, cooling, computing cost, travel costs, etc. The impact will vary by profession. IT and other professions are a natural fit for remote working while others are not. For example, a chemist working in a lab environment cannot work from home as his lab is the only place to mix and experiment with chemicals and chemistry.
Dr. JP Krahel Ph.D.
Associate Professor of Accounting, Accounting Department ChairLoyola University Maryland
Accounting Department
What technical skills for a Bank Manager stand out to employers?
Dr. JP Krahel Ph.D.: First, Excel. It's the most basic, essential tool for the accounting professional. If you can come in on Day 1 knowing essential keyboard shortcuts, proper formula and reference use, and how to format a spreadsheet properly, you'll have an immediate advantage over your peers.
Second, believe it or not, is writing. People think that accounting is all about numbers, but really, it's less about the math (which Excel does for you) and more about being able to explain the deeper meaning behind the results. Can you explain complex depreciation methods to an audit client? Give bad news to a tax client in an understandable way? These are big deals.
Third is data analytics. Given the immense volume of data now available to firms, someone who can extract, clean, and present that data using modern software tools will have an edge. It's really another form of communication, and one that early-career accounting professionals would do well to familiarize themselves with before entering the workforce.
Janet Tarase
Lead Accounting Faculty / Accounting Department ChairRed Rocks Community College
Accounting Department
What are the biggest trends we'll see in the Bank Manager job market given the pandemic?
Janet Tarase: Even though over 7 million people are currently unemployed, employers still need individuals to maintain their operations. Human Resource departments are recruiting individuals through social media platforms. My daughter works in HR recruiting and they only use LinkedIn. Companies are using video or phone interviews to select candidates. Which means that potential candidates have to communicate effectively and make a good first impression quickly.
Employers will be looking for individuals that have proven communication, organizational and time management skills that are able to work independently since telecommuting will be continuing in the future. Applicants will also need to have technological and critical thinking skills to manage the challenges presented while working from home. Because of the pandemic and so many of us having to work from home, companies may broaden their recruiting geography to find the best candidates out of state or in different time zones. Finally, employees need to be flexible and resilient - you never know what the next job requirement will demand.