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.
How to Become a Branch Manager/Loan Officer
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 $23.4 an hour? That's $48,664 a year!
Between 2018 and 2028, the career is expected to grow 8% and produce 24,300 job opportunities across the U.S.
What Does a Branch Manager/Loan Officer Do
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.
How To Become a Branch Manager/Loan Officer
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 62.2% of branch managers/loan officer have a bachelor's degree. In terms of higher education levels, we found that 5.6% 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.
Branch Manager/Loan Officer Career Paths
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a branch manager/loan officer can determine their career goals through the career progression. For example, they could start out with a role such as senior loan officer, progress to a title such as branch manager and then eventually end up with the title director, inside sales.
Average Salary for a Branch Manager/Loan Officer
What Am I Worth?
Top Colleges for Branch Manager/Loan Officers
1. University of Pennsylvania
Philadelphia, PA • Private
2. Northwestern University
Evanston, IL • Private
3. University of Southern California
Los Angeles, CA • Private
4. SUNY at Binghamton
Vestal, NY • Private
5. Villanova University
Villanova, PA • Private
6. San Diego State University
San Diego, CA • Private
7. Bentley University
Waltham, MA • Private
8. Boston University
Boston, MA • Private
9. SUNY Stony Brook
Stony Brook, NY • Private
10. New York University
New York, NY • Private
Top Skills For a Branch Manager/Loan Officer
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, 13.8% of branch managers/loan officer listed loan portfolio on their resume, but soft skills such as initiative and interpersonal skills are important as well.
Choose From 10+ Customizable Branch Manager/Loan Officer Resume templates
Zippia allows you to choose from different easy-to-use Branch Manager/Loan Officer templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Branch Manager/Loan Officer resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
Branch Manager/Loan Officer Demographics
Branch Manager/Loan Officer Gender Distribution
After extensive research and analysis, Zippia's data science team found that:
- Among branch managers/loan officer, 49.3% of them are women, while 50.7% are men.
- The most common race/ethnicity among branch managers/loan officer is White, which makes up 68.2% of all branch managers/loan officer.
- The most common foreign language among branch managers/loan officer is Spanish at 77.4%.
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How Do Branch Manager/Loan Officer Rate Their Jobs?
Top Branch Manager/Loan Officer Employers
Most Common Employers For Branch Manager/Loan Officer
| Rank | Company | Average Salary | Hourly Rate | Job Openings |
|---|---|---|---|---|
| 1 | Citi | $48,026 | $23.09 | 12 |
| 2 | First Mortgage | $46,785 | $22.49 | 5 |
| 3 | American Mortgage | $46,758 | $22.48 | 8 |
| 4 | The First Citizens National Bank | $45,702 | $21.97 | 5 |
| 5 | SouthTrust Bank | $45,665 | $21.95 | 5 |
| 6 | Premier Banks | $45,302 | $21.78 | 5 |
| 7 | Farm Credit System | $45,125 | $21.69 | 4 |
| 8 | Hancock Whitney | $45,009 | $21.64 | 4 |
| 9 | Security Finance | $44,939 | $21.61 | 12 |
| 10 | World Finance | $44,931 | $21.60 | 19 |
Branch Manager/Loan Officer Videos
