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.
Branch Manager/Loan Officer Overview
Branch Manager/Loan Officer Careers
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.
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.
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.
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 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.
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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.
Branch Manager/Loan Officer Jobs You Might Like
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Average Salary for a Branch Manager/Loan Officer
Recently Added Salaries
Job TitleCompany  | Company | Start Date | Salary |
|---|---|---|---|
Fort Community Credit Union Branch Manager/Consumer Loan Officer Branch Manager/Consumer Loan Officer | Fort Community Credit Union Fort Community Credit Union | 05/11/2021 05/11/2021 | $37,00005/11/2021 $37,000 |
Opti Staffing Group Assistant Branch Manager/Loan Officer Assistant Branch Manager/Loan Officer | Opti Staffing Group Opti Staffing Group | 07/23/2020 07/23/2020 | $33,28007/23/2020 $33,280 |
New Leaf Recruiting Branch Manager/Loan Officer Branch Manager/Loan Officer | New Leaf Recruiting New Leaf Recruiting | 12/31/2019 12/31/2019 | $50,00012/31/2019 $50,000 |
New Leaf Recruiting Branch Manager/Loan Officer Branch Manager/Loan Officer | New Leaf Recruiting New Leaf Recruiting | 12/31/2019 12/31/2019 | $50,00012/31/2019 $50,000 |
New Leaf Recruiting Branch Manager/Loan Officer Branch Manager/Loan Officer | New Leaf Recruiting New Leaf Recruiting | 11/30/2019 11/30/2019 | $50,00011/30/2019 $50,000 |
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Branch Manager/Loan Officer Resumes
Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Branch Manager/Loan Officer. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.
Learn How To Write a Branch Manager/Loan Officer Resume
At Zippia, we went through countless Branch Manager/Loan Officer resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.
View Detailed InformationTop 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 • Public
5. Villanova University
Villanova, PA • Private
6. San Diego State University
San Diego, CA • Public
7. Bentley University
Waltham, MA • Private
8. Boston University
Boston, MA • Private
9. SUNY Stony Brook
Stony Brook, NY • Public
10. New York University
New York, NY • Private
Online Courses For Branch Manager/Loan Officer That You May Like
Course for Bankers, Consultants and managers to Understand Credit Analysis Process from Indian Context...
Managing Personal Cash and Credit is made possible by the Brian and Sheila Jellison Family Foundation. The Managing Personal Cash & Credit course is designed for individuals to build financial literacy, one of the most pressing needs Americans face today. Financial decisions made by individuals impact the larger community in significant ways with pervasive cost due to financial mistakes. A recent study by the Financial Industry Regulatory Authority (FINRA) reveals over 50% of Americans have...
Credit Repair: A step-by-step 2021 plan to begin improving your credit within one hour of starting! Over 6,100 students!...
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.
- Loan Portfolio, 13.8%
- Ensure Compliance, 13.1%
- Loan Applications, 9.7%
- Corporate Financial Statements, 6.4%
- Business Development, 4.6%
- Other Skills, 52.4% See All Branch Manager/Loan Officer Skills
How Do Branch Manager/Loan Officer Rate Their Jobs?
Top Branch Manager/Loan Officer Employers
Branch Manager/Loan Officer Videos
