Some of the skills we found on branch manager resumes included "business development," "customer service," and "sales goals." We have detailed the most important branch manager responsibilities below. The most important skills for a branch manager to have in this position are math skills. In this excerpt that we gathered from a branch manager resume, you'll understand why: "financial managers must be skilled in math, including algebra" According to resumes we found, math skills can be used by a branch manager in order to "tracked each employee's sales statistics daily and provided constant coaching to ensure their success and professional development. " Another trait important for fulfilling branch manager duties is organizational skills. According to a branch manager resume, "because financial managers deal with a range of information and documents, they must stay organized to do their jobs effectively." Here's an example of how branch managers are able to utilize organizational skills: "key contributor to achievement of regional sales goals that were met by coordinating workflow and communicating organizational guidelines. " Another skill that is quite popular among branch managers is detail oriented. This skill is very critical to fulfilling every day responsibilities as is shown in this example from a branch manager resume: "in preparing and analyzing reports such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors." This example from a resume shows how this skill is used: "maintained detailed checks and balances, audited cash vault, atm vault, and cash drawers. " A branch manager responsibilities sometimes require "analytical skills." The responsibilities that rely on this skills are shown by this resume excerpt: "financial managers increasingly are assisting executives in making decisions that affect their organization, a task that requires analytical ability." This resume example shows how this skill is used by branch managers: "established budget or sales goals for company initiatives and analyzed and monitored results relative to branch spending. " Another common skill for a branch manager to be able to utilize is "communication skills." Excellent communication skills are essential because financial managers must explain and justify complex financial transactions. A branch manager demonstrated the need for this skill by putting this on their resume: "preserve and expand customer relationships - maintain clear and adequate communication with senior bank management. "
See the full list of branch manager skills.
Before becoming a branch manager, 64.7% earned their bachelor's degree. When it comes down to graduating with a master's degree, 6.9% branch managers went for the extra education. If you're wanting to pursue this career, it may be possible to be successful with a high school degree. In fact, most branch managers have a college degree. But about one out of every seven branch managers didn't attend college at all.
The branch managers who went onto college to earn a more in-depth education generally studied business and finance, while a small population of branch managers studied marketing and accounting.
Once you're ready to become a branch manager, you should explore the companies that typically hire branch managers. According to branch manager resumes that we searched through, branch managers are hired the most by Wells Fargo, Regions Financial, and U.S. Bank. Currently, Wells Fargo has 113 branch manager job openings, while there are 77 at Regions Financial and 58 at U.S. Bank.
But if you're interested in companies where you might earn a high salary, branch managers tend to earn the biggest salaries at JPMorgan Chase & Co., HSBC North America Holdings, and Citigroup. Take JPMorgan Chase & Co. for example. The median branch manager salary is $133,101. At HSBC North America Holdings, branch managers earn an average of $132,924, while the average at Citigroup is $126,702. You should take into consideration how difficult it might be to secure a job with one of these companies.
View more details on branch manager salaries across the United States.
If you earned a degree from the top 100 educational institutions in the United States, you might want to take a look at Enterprise Rent-A-Car, The Hertz, and Wells Fargo. These three companies have hired a significant number of branch managers from these institutions.
In general, branch managers fulfill roles in the finance and professional industries. While employment numbers are high in those industries, the branch manager annual salary is the highest in the manufacturing industry with $63,266 as the average salary. Meanwhile, the finance and professional industries pay $58,309 and $51,775 respectively. This means that branch managers who are employed in the manufacturing industry make 25.6% more than branch managers who work in the retail Industry.