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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 $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

Top Careers Before Branch Manager/Loan Officer

Top Careers After Branch Manager/Loan Officer

Average Salary for a Branch Manager/Loan Officer

Branch Managers/Loan Officer in America make an average salary of $48,664 per year or $23 per hour. The top 10 percent makes over $53,000 per year, while the bottom 10 percent under $43,000 per year.
Average Branch Manager/Loan Officer Salary
$48,664 Yearly
$23.40 hourly
$43,000
10 %
$48,000
Median
$53,000
90 %

What Am I Worth?

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Branch Manager/Loan Officer Education

Branch Manager/Loan Officer Majors

41.2 %
14.7 %

Branch Manager/Loan Officer Degrees

Bachelors

62.2 %

Associate

18.8 %

High School Diploma

9.6 %

Top Colleges for Branch Manager/Loan Officers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

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.

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Branch Manager/Loan Officer Demographics

Branch Manager/Loan Officer Gender Distribution

Male
Male
51%
Female
Female
49%

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%.

Online Courses For Branch Manager/Loan Officer That You May Like

Advertising Disclosure  The courses listed below are affiliate links. This means if you click on the link and purchase the course, we may receive a commission.
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Top Branch Manager/Loan Officer Employers

Most Common Employers For Branch Manager/Loan Officer

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1Citi$48,026$23.0912
2First Mortgage$46,785$22.495
3American Mortgage$46,758$22.488
4The First Citizens National Bank$45,702$21.975
5SouthTrust Bank$45,665$21.955
6Premier Banks$45,302$21.785
7Farm Credit System$45,125$21.694
8Hancock Whitney$45,009$21.644
9Security Finance$44,939$21.6112
10World Finance$44,931$21.6019

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