Salary of a bank manager: Bank Manager Salary | Salary.com
Bank Manager Salary in Florida – $74,500
Mint salariesBank ManagerFlorida
Average salary
$74,500/yr
Based on 356 income tax records
$41,000
$115,000
Age:
Average salary by age
18-25
26-35
36-45
46-55
56+
$41,000
$115,000
How much do Bank Managers make?
The average total salary for a Bank Manager is $74,500 per year. This is based on data from 356 TurboTax users who reported their occupation as Bank Manager and includes taxable wages, tips, bonuses, and more. Bank Manager salary can vary between $41,000 to $115,000 depending on factors including education, skills, experience, employer & location. Read more
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DATA PROVIDED BY
Based on income reported to the IRS in box 1 of W-2.
From consenting TurboTax customers
Similar Occupations
Bank Manager salary by location
View as a list
Bank Manager salary by company
Employer
Average salary per year*
Salary range**
TD Ameritrade, Florida
13 income tax records
$85,500/yr
$61K – $101K
JPMorgan Chase, Florida
24 income tax records
$84,500/yr
$64K – $111K
Bank Of America, Florida
56 income tax records
$82,000/yr
$60K – $108K
Truist Financial, Florida
38 income tax records
$79,500/yr
$53K – $107K
PNC Financial Services Group, Florida
10 income tax records
$79,500/yr
$61K – $101K
Fifth Third Bank, Florida
14 income tax records
$76,500/yr
$62K – $89K
Wells Fargo, Florida
38 income tax records
$73,500/yr
$45K – $97K
Regions Bank, Florida
22 income tax records
$70,500/yr
$56K – $96K
Bank Manager demographics in Florida
40% are single
60% are married
49% have kids
76% own a home
Effective Tax Rates for Bank Managers in Florida
356 full-time salaries from 2019
FAQS
The average salary for a bank manager in Florida is $74,500 per year.
Bank manager salaries
in Florida can vary between $41,000 to $115,000 and depend on various factors, including skills, experience, employer, bonuses,
tips, and more.
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This data is exclusive to Mint Salary and is based on 356 tax returns from TurboTax customers
who reported their occupation as bank manager.
Was this helpful?
The following companies offer the highest salaries for bank managers in Florida:
TD Ameritrade ($85,500 a year),
JPMorgan Chase ($84,500 a year),
and Bank of America ($82,000 a year).
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*
Total salary amounts here include total taxable wages, tips, prizes and other compensation.
Salaries here are not representative of the total population and may reflect different levels of experience or education. Learn more
**
Total salary ranges shown here exclude outliers.
Bank Branch Manager – Salary, How to Become, Job Description & Best Schools
How to Become a
The complete career guide to be a Bank Branch Manager: salary, job growth, employers, best schools, and education you may need to get started.
Why We Love It
Bank branch managers oversee all aspects of a single branch of a bank. They’re responsible for hiring and managing all branch employees, ensuring bank profitability by increasing the number of accounts held and loans approved, and encouraging customer retention through excellent customer service.
Recommended Schools
What is a Bank Branch Manager?
The following job responsibilities are common for individuals in bank branch manager roles:
- Oversee all operations within a single branch of a bank
- Recruit, interview, hire, train, and manage all branch employees
- Market bank services and network in the community to bring in new customers
- Increase bank profitability by improving financial product sales—loans, mortgages, CDs, etc.
- Review loans before approval to ensure they present an acceptable amount of risk
A Day in the Life
Bank branch managers oversee operations at single branches of banks both large and small. They are responsible for overseeing all aspects of bank operations—from the opening of basic checking accounts to approving business startup loans. To improve bank operations, branch managers recruit, hire, and train staff members to fill a variety of roles—from teller to underwriter. They then manage all bank employees, ensuring all operations are working to improve branch perception and profitability.
One important aspect of the role of bank branch manager is to increase profitability of the branch. This is done in a variety of ways. The branch manager may work to develop new offerings based on the market in their branch’s local area, or adjust interest rates based on what other local banks are changing. They also work to market the bank within the branch’s community, bringing more visibility to the bank’s products and services, and network in the community with other business professionals.
Bank branch managers also give final approval on questionable loans, and work to make sure approved loans represent a reasonable amount of risk. When an underwriter or loan officer is unsure of the level of risk a loan would present, he/she seeks approval or rejection from the branch manager. The branch manager also oversees bank tellers and other customer service staff to ensure that all customers receive optimal service when visiting the bank for transactions, opening new accounts, or resolving issues.
Typical Work Schedule
Most bank branch managers work full-time schedules, primarily during normal business hours. However, if their branch holds weekend hours, they may need to be available to support weekend shifts as well.
Typical Employers
Bank branch managers are hired to work for all types of banks and credit unions—for both large chains and small local banks. Some of the biggest employers of bank branch managers in the U.S. include the country’s largest banking chains: Chase, Bank of America, Wells Fargo, and Citigroup.
Recommended Schools
How To Become a Bank Branch Manager
To become a bank branch manager, you’ll need to first earn a bachelor’s degree in a finance- or business-related field, such as accounting, finance, or business administration. Because bank branch managers deal with finances, a thorough education in the field is necessary. If you have a bachelor’s degree in a different field but still seek to become a bank branch manager, you can pursue a master’s degree in business administration, finance, or economics to qualify for open roles after only two years.
Besides the required education, bank branch managers need to have significant amounts of professional experience working in banks. Many begin their careers as tellers and work their way into loan officer and/or underwriter positions over time before qualifying for branch manager positions. Because the banking industry is very complex and highly regulated, it takes many years of experience working in the field before you’ll be familiar enough with the regulations of the industry to run your own branch.
In addition to the right degree and banking industry experience, most employers also look for branch managers who have management experience. As you work your way up the ladder in banks aiming to eventually manage your own branch, it will be important to take on some roles that include managing employees to make sure you have the necessary requirements for bank branch manager positions when it comes to time to apply for open roles.
Bank Branch Manager Salary Data
We’ve provided you the following to learn more about this career. The salary and growth data on this page comes from recently published Bureau of Labor Statistics data while the recommendations and editorial content are based on our research.
National Anual Salary
Low Range
$84,600
Average
$134,330
High Range
—
National Hourly Wage
Low Range
$41/hr
Average
$65/hr
High Range
—
How do Bank Branch Manager salaries stack up to other jobs across the country? Based on the latest jobs data nationwide, Bank Branch Manager’s can make an average annual salary of $134,330, or $65 per hour.
On the lower end, they can make $84,600 or $41 per hour, perhaps when just starting out or based on the state you live in.
Salary Rankings And Facts
Highest Education Among Bank Branch Managers
- 2.5% Doctorate
- 18.8% Masters
- 40.8% Bachelors
- 7.1% Associates
- 19% College
- 10.7% High School
- 1% Less than High School
Job Growth Projections and Forecast
2014 Total Jobs
555,900
2024 Est. Jobs
593,500
Job Growth Rate
6.8%
Est.
New Jobs
37,600
How does Bank Branch Manager job growth stack up to other jobs across the country? By 2024, there will be a change of 37,600 jobs for a total of 593,500 people employed in the career nationwide. This is a 6.8% change in growth over the next ten years, giving the career a growth rate nationwide of Above Average.
Growth Rankings And Facts
What Companies Employ The Most Bank Branch Managers
| Industry | Current Jobs | New Jobs Needed | % Increase |
|---|---|---|---|
| Depository credit intermediation | 80,100 | 5,100 | 5% |
| Management of companies and enterprises | 64,700 | 3,200 | 3% |
| Accounting, tax preparation, bookkeeping, and payroll services | 24,700 | 1,300 | 1% |
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I am the managing director of a bank in the region and earn up to 200,000 ₽
This text was written in the Community, it retains the author’s style and spelling.
Marat Gabdullin
Profile author
Profession: Managing Director of Bank
City: Izhevsk
Age: 28 years old
Experience: 150 000-200 000 r/month
Choosing a profession
Education: Bachelor of Economics. I work in my specialty.
Went to work after uni. The director of my bank came to our lecture, I wrote down my contacts, passed an interview for an ordinary manager. The salary was 20,000, with a bonus of about 30,000.
The essence of the profession
At the moment I supervise the sales offices of banking products. Responsibilities: daily reporting, work with deviations, personnel work with ordinary employees, visits to offices, motivation of colleagues, rating points and line employees.
The most difficult thing: working with directors of outlets who have been working for over 10 years, and motivating them to achieve the result I need. The profession is suitable for those who do not stand still, are ready to introduce new tools and control them constantly.
Place of work
Large federal bank. I have been working here for 6.5 years, I started as an ordinary manager.
Pros: salary, communication with people, status, getting high from the process. Cons: it’s not easy to always be productive, once a week I wake up with the thought that I won’t be needed without a proper result.
Working day
I come at 9 am, I am engaged in the formation of reports for the day, week, quarter. I highlight the successful and the lagging behind.
Work with lagging behind. For all this 2 hours. Analysis of tasks by mail from the leaders of the hour 2. Lunch 40 minutes. Dealing with the current problems of my offices 2 hours.
Interviews, consultations 1 hour.
Meetings with management, offices 1.5 hours.
Solution of the bank’s strategic tasks 1 hour.
Of course I stay late, sometimes I work from home on weekends.
Case
When I was a VIP account manager, they called me shit, not a manager, because I could not explain to my client how to pay the fee in a completely different bank.
Part-time jobs
You can become a secret shopper who tests employees of other banks according to a given checklist, about 2000 for visiting the office and compiling a report.
I don’t work part-time, my son was born, I devote time to my family, as my income allows.
Income
I earn 150-200 tr. per month. My salary corresponds to the market, even exceeds it in my region.
To earn more: go up the career ladder, but I understand what skills I lack, I’m working on it. Well, or you can just go to a larger region for a bigger salary
Expenses
I pay a mortgage for a second apartment about 17,000 per month.
Spouse on maternity leave at minimum wage.
My salary of 100,000 is spent on everything, incl. mortgage. We postpone the premium or make early repayments to the mortgage.
I don’t spend money, adhering to the principle: the more you spend, the more you earn.
Savings
Savings are made on children’s goods and clothing.
We buy clothes in the off-season. I buy children’s goods with certificates from my loyalty program from my native bank.
Financial target
I want to accumulate at least 30 million capital by my old age through apartments.
Future
The banking market is changing towards online transactions. There are fewer employees, more and more opportunities in the banking application. It is difficult to predict the future, maybe I will move to Moscow for a good position.
I increase my income through the career ladder and wait for the departure of my leaders in the region to take their place. If it doesn’t work out, then I’ll go into a family business selling land in a cottage village.
Always learning something, like agile and hard management.
Professions. Readers share their professional experience.
Tell your story
Fridman spoke about hiring the CEO of Alfa-Bank for a symbolic salary – RBC
Vladimir Verkhoshinsky worked for the first year as the chief managing director of Alfa-Bank for a symbolic salary – “relatively speaking, $ 10 thousand per month,” said Fridman .
At the end of the year, he received the full amount of compensation as CEO
Vladimir Verkhoshinsky
(Photo: Vladislav Shatilo / RBC)
Chief Executive Officer (CEO) of Alfa-Bank Vladimir Verkhoshinsky worked in this position for the first year for a nominal salary. Mikhail Fridman, co-owner of Alfa Group, spoke about this at an event at the Atlanta business club, RBC correspondent reports.
Fridman told about one of his first meetings with Verkhoshinsky, who at that time worked at VTB. “It was known that we were looking for a CEO at Alfa Bank, there was no secret about it. The essence of the conversation [with Verkhoshinsky] was his possible invitation to this role, ”he said.
“We met for the second time and I say: we need a CEO. I don’t know you and you don’t know us, how to be? I have a proposal for you,” Friedman retold the content of the next meeting.
This proposal was that Verkhoshinsky would join the board of directors of Alfa-Bank, where he would stay for six months, while remaining in his previous position at VTB, and “if everything worked out”, he would be invited to the position of CEO.
adv.rbc.ru
“The board of directors is not a full time job,” explained the co-owner of Alfa Group. However, Verkhoshinsky refused, saying that he would not be able to combine this with work at VTB.
adv.rbc.ru
“Let’s agree this way,” Friedman answered. – You will come to such a job, and even if you leave VTB, we guarantee you that for a year of work on the board of directors – in any case, even if we do not hire you, we will pay you decent compensation so that you do not think that you lost a year in vain “. Verkhoshinsky said he was unlikely to agree.
Then Friedman put forward another suggestion: “We will appoint you as CEO, but <…> if you don’t leave you in this position within a year, we will pay you an absolutely symbolic salary — roughly speaking, $10,000 a month.
” According to the co-owner of Alfa Group, by that time Verkhoshinsky was receiving “one and a half million or something like that” from VTB. If Alfa-Bank decides to leave Verkhoshinsky, after a year it will receive the entire amount of compensation as CEO, Friedman said. To a clarifying question about the amount, he replied: “This is a good salary. Let’s say a few million dollars. But it’s a little secret.”
Verkhoshinsky “didn’t think for a second” and agreed, Fridman said. In response to a question about whether everything worked out, he said: “I think so.”
Verkhoshinsky has worked at VTB since 2009, when he was head of department in the department of strategy and corporate development. In 2012–2016, he served as Deputy Chairman of the Management Board of the Bank of Moscow and was responsible for the development of the bank’s retail and small business. In 2016, after the completion of the reorganization of the Bank of Moscow and its integration into VTB Bank, he headed the retail business of the state bank and became a member of the VTB Board.