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.
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.
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.
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.