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What is a branch manager/loan officer and how to become one

Updated January 8, 2025
4 min read
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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.

ScoreBranch Manager/Loan OfficerUS Average
Salary
3.9

Avg. Salary $49,780

Avg. Salary $59,228

Stability Level
7.3

Growth Rate 4%

Growth Rate 0.3%

Diversity
5.4
Race

American Indian and Alaska Native 0.48%

Asian 5.89%

Black or African American 9.58%

Hispanic or Latino 15.58%

Unknown 4.66%

White 63.81%

Gender

female 49.34%

male 50.66%

Age - 44
Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 44
Stress Level
7.3

Stress level is high

7.1 - high

Complexity Level
8.8

Complexity Level is advanced

7 - challenging

Work Life Balance
5.6

Work Life balance is fair

6.4 - fair

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Branch Manager/Loan Officer career paths

Key steps to become a branch manager/loan officer

  1. Explore branch manager/loan officer education requirements

    Most common branch manager/loan officer degrees

    Bachelor's

    62.2 %

    Associate

    18.8 %

    High School Diploma

    9.6 %
  2. Start to develop specific branch manager/loan officer skills

    SkillsPercentages
    Loan Applications13.18%
    Corporate Financial Statements10.68%
    Business Development6.43%
    Loan Portfolio6.36%
    Real Estate Loans6.34%
  3. Complete relevant branch manager/loan officer training and internships

    Accountants spend an average of 6-12 months on post-employment, on-the-job training. New branch managers/loan officer learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a branch manager/loan officer based on U.S. Bureau of Labor Statistics data and data from real branch manager/loan officer resumes.
  4. Research branch manager/loan officer duties and responsibilities

    • Manage loan origination underwriting and funding teams for dealer and consumer financial products and services.
    • Coordinate the development and management of appropriate personnel information, management database providing seamless integration with payroll and other school functions.
    • Conduct weekly seminars on recruiting new members and competitive lenders.
  5. Prepare your branch manager/loan officer resume

    When your background is strong enough, you can start writing your branch manager/loan officer resume.

    You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a branch manager/loan officer resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

    Choose From 10+ Customizable Branch Manager/Loan Officer Resume templates

    Build a professional Branch Manager/Loan Officer resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your Branch Manager/Loan Officer resume.
    Branch Manager/Loan Officer Resume
    Branch Manager/Loan Officer Resume
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    Branch Manager/Loan Officer Resume
    Branch Manager/Loan Officer Resume
    Branch Manager/Loan Officer Resume
    Branch Manager/Loan Officer Resume
    Branch Manager/Loan Officer Resume
  6. Apply for branch manager/loan officer jobs

    Now it's time to start searching for a branch manager/loan officer job. Consider the tips below for a successful job search:

    1. Browse job boards for relevant postings
    2. Consult your professional network
    3. Reach out to companies you're interested in working for directly
    4. Watch out for job scams

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Average branch manager/loan officer salary

The average Branch Manager/Loan Officer salary in the United States is $49,780 per year or $24 per hour. Branch manager/loan officer salaries range between $34,000 and $71,000 per year.

Average Branch Manager/Loan Officer Salary
$49,780 Yearly
$23.93 hourly

What Am I Worth?

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How do branch managers/loan officer rate their job?

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Branch Manager/Loan Officer reviews

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A zippia user wrote a review on Mar 2022
Pros

Helping People, secure a better financial future

Cons

Having to Decline applicants


profile
A zippia user wrote a review on Oct 2019
Pros

when a person being assisted to obtain a loan to uplift their lives


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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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