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The differences between store managers and branch managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a store manager, becoming a branch manager takes usually requires 6-8 years. Additionally, a branch manager has an average salary of $56,291, which is higher than the $46,950 average annual salary of a store manager.
The top three skills for a store manager include store management, retail store and customer service. The most important skills for a branch manager are customer satisfaction, business development, and branch management.
| Store Manager | Branch Manager | |
| Yearly salary | $46,950 | $56,291 |
| Hourly rate | $22.57 | $27.06 |
| Growth rate | 6% | 17% |
| Number of jobs | 446,127 | 333,883 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 65% |
| Average age | 44 | 46 |
| Years of experience | 6 | 8 |
A store manager is responsible for monitoring the daily operations, making sure of its smooth and efficient performance with the best services provided to the customers. Store managers' duty also includes tracking the budget of the store to ensure that all expenses are meeting the sales goals. A store manager must also be able to plan and share strategies to boost sales performance and provide the needed support for the employees by communicating with them regularly, listening on suggestions, and taking necessary actions for complaints as required.
Branch managers oversee the company's field office. This position is usually present in industries such as banking and food service. Branch managers are responsible for all aspects of the branch operations, including, but not limited to, finances, marketing, quality control, and human resources. They ensure that the goals of the branch are met in the most efficient way possible. They balance the needs of both the organization and the employees in the department. Branch managers are also expected to have a hand in training the employees to be useful members of the organization.
Store managers and branch managers have different pay scales, as shown below.
| Store Manager | Branch Manager | |
| Average salary | $46,950 | $56,291 |
| Salary range | Between $30,000 And $73,000 | Between $39,000 And $80,000 |
| Highest paying City | Washington, DC | Oakland, CA |
| Highest paying state | Delaware | Alaska |
| Best paying company | Meta | FNB |
| Best paying industry | Manufacturing | Professional |
There are a few differences between a store manager and a branch manager in terms of educational background:
| Store Manager | Branch Manager | |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between store managers' and branch managers' demographics:
| Store Manager | Branch Manager | |
| Average age | 44 | 46 |
| Gender ratio | Male, 51.2% Female, 48.8% | Male, 59.8% Female, 40.2% |
| Race ratio | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.1% Asian, 6.3% White, 67.6% American Indian and Alaska Native, 0.5% | Black or African American, 8.0% Unknown, 4.1% Hispanic or Latino, 15.4% Asian, 7.8% White, 64.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 10% | 11% |