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The differences between senior branch managers and risk managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a senior branch manager and a risk manager. Additionally, a risk manager has an average salary of $116,072, which is higher than the $52,417 average annual salary of a senior branch manager.
The top three skills for a senior branch manager include risk management, sales targets and performance management. The most important skills for a risk manager are oversight, risk assessments, and project management.
| Senior Branch Manager | Risk Manager | |
| Yearly salary | $52,417 | $116,072 |
| Hourly rate | $25.20 | $55.80 |
| Growth rate | 17% | 17% |
| Number of jobs | 55,126 | 75,795 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 66% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A Senior Branch Manager oversees an establishment's daily operations, aiming to meet sales targets and daily objectives. They are responsible for setting goals, managing staff and schedules, establishing guidelines and budgets, delegating duties among teams, coordinating with internal and external parties, conducting research, addressing issues and concerns, and developing strategies to optimize operations and reach sales targets. Moreover, a Senior Branch Manager must lead and serve as a mentor to junior managers, all while implementing its policies and regulations.
A risk manager is responsible for analyzing potential risks that may affect the organization's operations, reputation, and market credibility. Risk managers identify risk controls and discuss business contingency plans for unforeseen circumstances to prevent delays in operational services. They also develop compliance training and programs for all the employees to provide them the awareness of the safety and security regulations within the company premises. A risk manager must have excellent communication and leadership skills, especially on handling and investigating cases that might compromise the business stability and financial status.
Senior branch managers and risk managers have different pay scales, as shown below.
| Senior Branch Manager | Risk Manager | |
| Average salary | $52,417 | $116,072 |
| Salary range | Between $38,000 And $70,000 | Between $84,000 And $160,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | California |
| Best paying company | - | Credit Karma |
| Best paying industry | - | Technology |
There are a few differences between a senior branch manager and a risk manager in terms of educational background:
| Senior Branch Manager | Risk Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between senior branch managers' and risk managers' demographics:
| Senior Branch Manager | Risk Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 59.4% Female, 40.6% | Male, 59.3% Female, 40.7% |
| Race ratio | Black or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 8.9% White, 64.2% American Indian and Alaska Native, 0.3% | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |