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The differences between branch managers trainee and owner/managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a branch manager trainee and an owner/manager. Additionally, an owner/manager has an average salary of $75,822, which is higher than the $27,133 average annual salary of a branch manager trainee.
The top three skills for a branch manager trainee include customer satisfaction, people management and multitasking. The most important skills for an owner/manager are financial statements, inventory control, and customer service.
| Branch Manager Trainee | Owner/Manager | |
| Yearly salary | $27,133 | $75,822 |
| Hourly rate | $13.04 | $36.45 |
| Growth rate | 6% | 6% |
| Number of jobs | 85,482 | 303,790 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 83% | Bachelor's Degree, 53% |
| Average age | 44 | 44 |
| Years of experience | 6 | 6 |
A branch manager trainee is responsible for learning the operations of a specific industry under the supervision of a direct manager. Branch manager trainees analyze and familiarize themselves with all the processes and procedures of the company, including project management and departmental functions. They also supervise a small group of staff, shadow their work daily, and report observations to the branch manager. A branch manager should have excellent communication and leadership skills, as well as quick adaptation and detail-oriented to master duties within a short amount of time.
Owners/managers are responsible for establishing a business and managing the operations once the business is running. They plan and make sure that the company has adequate financing. They also handle the initial marketing to get customers. Owners/mangers handle human resources activities, such as hiring and training employees. Once the business has launched, they start delegating activities to other employees and may also start assigning leaders to different departments. However, they still oversee the whole operation. Owners/managers are the top decision-makers and ensure that business strategies align with the goals.
Branch managers trainee and owner/managers have different pay scales, as shown below.
| Branch Manager Trainee | Owner/Manager | |
| Average salary | $27,133 | $75,822 |
| Salary range | Between $16,000 And $43,000 | Between $44,000 And $129,000 |
| Highest paying City | Longmont, CO | - |
| Highest paying state | Colorado | - |
| Best paying company | JPMorgan Chase & Co. | - |
| Best paying industry | Finance | - |
There are a few differences between a branch manager trainee and an owner/manager in terms of educational background:
| Branch Manager Trainee | Owner/Manager | |
| Most common degree | Bachelor's Degree, 83% | Bachelor's Degree, 53% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between branch managers trainee' and owner/managers' demographics:
| Branch Manager Trainee | Owner/Manager | |
| Average age | 44 | 44 |
| Gender ratio | Male, 63.7% Female, 36.3% | Male, 59.0% Female, 41.0% |
| Race ratio | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 14.9% Asian, 6.3% White, 67.9% American Indian and Alaska Native, 0.5% | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |