A branch manager is employed by a bank to regulate the activities of one of their branches and act as the main operator behind the branch’s services. A branch manager’s job shares many similarities with those of other managers, but there are also some notable differences. A branch manager is more directly involved in customer relations than other types of managers are, and plays a more active role in the development of the staff – the branch manager needs to seek out and hire the appropriate candidates for the offered positions, as well as terminate underperformers where applicable, if it benefits the branch’s long-term development.

To become a branch manager, one would usually need a Bachelor’s degree in finances or economics. Additionally, prior experience in the field of management may be required – it usually doesn’t matter where exactly the person was being employed, as long as he/she was performing some sort of managing function within that organization. A clean criminal and financial record will also be required, as the branch manager will be directly responsible for handling the bank’s finances in their specific branch.

Branch managers can earn well, with their annual salary ranging between $40,000 – $60,000. Salaries of up to $65,000 aren’t uncommon for the more developed banks, and branch managers can become highly valued assets as they accumulate experience in the given bank, thus increasing their compensation even further. On the other hand, previous working experience rarely leads to an increased salary when seeking employment at another company.