A Branch Manager is an executive who oversees and coordinates the branch operations of a financial institution or company. What is at stake is making sure the branch reaches its financial goal; and the branch manager will do everything in his or her power to achieve this.
They hire, train, and supervise staff and employ all their creativity in coming up with surefire strategies to increase productivity and performance. It is their responsibility to attract new customers or partners while upholding the loyalty of the ones already on board.
Branch Managers are your ultimate peoples' persons. They ace at sales and customer services and maintain great relationships with partners, employees, and customers alike.
They diligently analyze, multitask, and prioritize. They create business plans, identify areas of improvement, monitor the market, manage resources, and attain sales goals, all the while aiming to further expand the business.
Branch Manager Overview
Working as a Branch Manager
There is more than meets the eye when it comes to being a branch manager. For example, did you know that they make an average of $28.36 an hour? That's $58,996 a year!
Between 2018 and 2028, the career is expected to grow 16% and produce 104,700 job opportunities across the U.S.
What Does a Branch Manager Do
There are certain skills that many branch 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 math skills, organizational skills and detail oriented.
When it comes to the most important skills required to be a branch manager, we found that a lot of resumes listed 8.4% of branch managers included business development, while 8.4% of resumes included customer service, and 6.3% of resumes included sales goals. 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 branch manager job title. But what industry to start with? Most branch managers actually find jobs in the finance and professional industries.
How To Become a Branch Manager
If you're interested in becoming a branch manager, one of the first things to consider is how much education you need. We've determined that 50.7% of branch managers have a bachelor's degree. In terms of higher education levels, we found that 12.7% of branch managers have master's degrees. Even though most branch 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 branch manager. When we researched the most common majors for a branch manager, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on branch manager resumes include high school diploma degrees or master's degree degrees.
You may find that experience in other jobs will help you become a branch manager. In fact, many branch manager jobs require experience in a role such as assistant manager. Meanwhile, many branch managers also have previous career experience in roles such as assistant branch manager or customer service representative.
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Branch Manager Career Paths
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of vice president you might progress to a role such as sales vice president eventually. Later on in your career, you could end up with the title senior vice president, sales.
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Tell us your goals and we'll match you with the rights job to get there.
Average Salary for a Branch Manager
Best Paying Cities
Recently Added Salaries
Job TitleCompany  | Company | Start Date | Salary |
|---|---|---|---|
Wells Fargo RB Branch Manager 1-Daybreak and District RB Branch Manager 1-Daybreak and District | Wells Fargo Wells Fargo | 01/29/2021 01/29/2021 | $41,20001/29/2021 $41,200 |
Jpmorgan Chase Bank, N.A. Branch Manager-Metro East, Metro South, & Metro West Branch Manager-Metro East, Metro South, & Metro West | Jpmorgan Chase Bank, N.A. Jpmorgan Chase Bank, N.A. | 01/29/2021 01/29/2021 | $58,18601/29/2021 $58,186 |
Hope Credit Union/Hope Enterprises Branch Manager Branch Manager | Hope Credit Union/Hope Enterprises Hope Credit Union/Hope Enterprises | 01/28/2021 01/28/2021 | $100,00001/28/2021 $100,000 |
Branch MGR | Onemain (Formerly Springleaf & Onemain Financials). Onemain (Formerly Springleaf & Onemain Financials). | 01/27/2021 01/27/2021 | $52,17501/27/2021 $52,175 |
Wells Fargo Mortgage Branch Manager Non-Producing Mortgage Branch Manager Non-Producing | Wells Fargo Wells Fargo | 01/27/2021 01/27/2021 | $60,00001/27/2021 $60,000 |
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Branch Manager Resumes
Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Branch Manager. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.
Learn How To Write a Branch Manager Resume
At Zippia, we went through countless Branch Manager resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.
View Detailed InformationTop Colleges for Branch Managers
1. Stanford University
Stanford, CA • Private
2. University of Pennsylvania
Philadelphia, PA • Private
3. Northwestern University
Evanston, IL • Private
4. Maine Maritime Academy
Castine, ME • Public
5. University of Southern California
Los Angeles, CA • Private
6. California State University - Bakersfield
Bakersfield, CA • Public
7. SUNY at Binghamton
Vestal, NY • Public
8. Villanova University
Villanova, PA • Private
9. San Diego State University
San Diego, CA • Public
10. Bentley University
Waltham, MA • Private
Top Skills For a Branch Manager
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 8.4% of branch managers listed business development on their resume, but soft skills such as math skills and organizational skills are important as well.
- Business Development, 8.4%
- Customer Service, 8.4%
- Sales Goals, 6.3%
- Bank Products, 4.2%
- Financial Statements, 3.9%
- Other Skills, 68.8% See All Branch Manager Skills
Best States For a Branch Manager
Some places are better than others when it comes to starting a career as a branch manager. The best states for people in this position are Washington, New Jersey, Montana, and New Hampshire. Branch managers make the most in Washington with an average salary of $95,505. Whereas in New Jersey and Montana, they would average $88,014 and $80,862, respectively. While branch managers would only make an average of $80,007 in New Hampshire, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. New Jersey
$88,014
Avg. Salary
2. Georgia
$72,471
Avg. Salary
3. Washington
$95,505
Avg. Salary
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