A Branch Manager is a person responsible for overseeing all the operations of a branch. These operations include staff hiring and training, customer service, marketing, accounting, relationship management, oversight over loan approvals, among others. They are the people responsible for the success or failure of the branch they are managing.
Aside from their managerial duties, branch managers are also tasked with building new customer relationships, selling the bank's financial products, retaining existing customers, managing the loan portfolio, and ensuring that the branch meets its objectives.
A successful branch manager must have strong leadership skills, communication skills, negotiation skills, and customer service skills.
Branch managers typically work 40 hours a week from 9 to 5, although sometimes they work over the weekends when they are needed to attend to urgent matters or meet customers.
There is more than meets the eye when it comes to being a branch manager/loan officer. For example, did you know that they make an average of $24.12 an hour? That's $50,167 a year!
Between 2018 and 2028, the career is expected to grow 8% and produce 24,300 job opportunities across the U.S.
There are certain skills that many branch managers/loan officer 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 branch manager/loan officer, we found that a lot of resumes listed 13.8% of branch managers/loan officer included loan portfolio, while 13.1% of resumes included ensure compliance, and 9.7% of resumes included loan applications. 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/loan officer job title. But what industry to start with? Most branch managers/loan officer actually find jobs in the finance and retail industries.
If you're interested in becoming a branch manager/loan officer, one of the first things to consider is how much education you need. We've determined that 52.2% of branch managers/loan officer have a bachelor's degree. In terms of higher education levels, we found that 4.8% of branch managers/loan officer have master's degrees. Even though most branch managers/loan officer 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/loan officer. When we researched the most common majors for a branch manager/loan officer, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on branch manager/loan officer 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/loan officer. In fact, many branch manager/loan officer jobs require experience in a role such as loan officer. Meanwhile, many branch managers/loan officer also have previous career experience in roles such as branch manager or customer service representative.