Bank Branch ManagerPrint
BANK BRANCH MANAGERS are responsible for the day-to-day operation of a branch or office of a bank. They oversee the preparation of financial reports, direct investment activities, and implement cash management strategies. They approve loans and lines of credit, help customers with account problems, and try to attract new business. They direct through supervisors, activities of workers who collect delinquent accounts, authorize loans, or open savings accounts. They establish procedures for custody and control of assets, records, loan collateral, and securities to ensure safekeeping.
Salary, Size & Growth
- $103,000 average per year ($49.50 per hour)
- A large occupation (478,900 workers in 2010)
- Expected to grow moderately (0.8% per year)
A bachelor's degree in finance, accounting, economics, or business administration is the minimum academic preparation for BANK BRANCH MANAGERS. However, many employers prefer graduates with a master's degree, preferably in business administration, economics, finance, or risk management. These academic programs develop analytical skills and provide knowledge of the latest financial analysis methods and technology. Banks often fill branch manager positions by promoting experienced loan officers and others who excel at their jobs.