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Bank Branch Manager Average Salary in United States 2023

How much money does a person working as Bank Branch Manager make in United States?

Average Yearly Salary
166,000 USD
( 13,900 USD monthly)

All salary figures displayed here are per year except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Bank Branch Manager in United States typically earns around 166,000 USD. Salaries range from 83,200 USD (lowest) to 258,000 USD (highest).

Salary Variance

This is the average salary including housing, transport, and other benefits. Bank Branch Manager salaries in United States vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Bank Branch Manager Pay Scale and Salaries in United States

Median and salary distribution United States Bank Branch Manager yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
153,000 USD or more
10% of people earn
136,000 to 153,000 USD
20% of people earn
97,200 USD or less
65% of people earn
97,200 to 136,000 USD
Minimum Salary
83,200 USD
154,000 USD
258,000 USD

Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per year except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Bank Branch Manager in United States range from 83,200 USD (starting salary) to 258,000 USD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 154,000 USD, half of the professionals who work as Bank Branch Manager in United States earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Bank Branch Manager in United States earn less than 126,000 USD, while 75% earn more. Similarly, the chart shows that 75% earn less than 176,000 USD while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Bank Branch Manager in United States compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 97,200 USD to 136,000 USD. About 20% of salaries are below the 97,200 USD mark, while 10% fall within the range of 136,000 USD to 153,000 USD. Only 5% of individuals have salaries exceeding 153,000 USD.

Salary Comparison by Years of Experience / Bank Branch Manager / United States

How do experience and age affect pay?

0 - 2 Years
99,800 USD
2 - 5 Years+32%
132,000 USD
5 - 10 Years+34%
177,000 USD
10 - 15 Years+19%
211,000 USD
15 - 20 Years+8%
227,000 USD
20+ Years+7%
244,000 USD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience yearly United States Bank Branch Manager
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Bank Branch Manager and this is what we found.

All salary figures displayed here are per year except when noted otherwise.

Employees with less than two years of experience earn approximately 99,800 USD.

While someone with an experience level between two and five years is expected to earn 132,000 USD, 32% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 177,000 USD, 34% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 211,000 USD, 19% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 227,000 USD, 8% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 244,000 USD, 7% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Bank Branch Manager / United States

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Bank Branch Manager.

Bachelor's Degree
143,000 USD
Master's Degree+58%
225,000 USD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level yearly United States Bank Branch Manager
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Bank Branch Manager in order to make a comparison.

Level 1: Bachelor's Degree

Employees at this education level have an average salary of 143,000 USD.

Level 2: Master's Degree

At this level, the average salary becomes 225,000 USD, 58% more than the previous level.

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in United States costs anywhere from 39,600 USD to 119,000 USD and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Bank Branch Manager / United States

Salary comparison by gender United States Bank Branch Manager yearly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Bank Branch Manager in United States, the average difference between the salary of male and female employees is 4%.

170,000 USD
163,000 USD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in United States for all Careers

Salary comparison by gender yearly United States
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Average Annual Salary Increment Percentage / Bank Branch Manager / United States

How much are annual salary increments in United States for individuals working as Bank Branch Manager? How often do employees get salary raises?

Individuals working as Bank Branch Manager in United States are likely to observe a salary increase of approximately 13% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate United States Bank Branch Manager
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

United States / All Professions

Annual Salary Increment Rate United States
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in United States is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / Bank Branch Manager / United States

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United States Bank Branch Manager
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17% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 83% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 8% of their annual salary.

Received Bonus
No Bonus

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

A graphics designer working for a graphics designing company.

A graphic designer in the marketing department of a hospital.

Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Bank Branch Manager / United States

80 USD per hour

The average hourly wage (pay per hour) for individuals working as Bank Branch Manager in United States is 80 USD.This is the rate they get paid for every worked hour.

Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Bank Branch Manager in United States is 40 USD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst147,000 USD-12%
Assistant Bank Branch Manager126,000 USD-24%
Assistant Bank Manager170,000 USD+2%
ATM Manager148,000 USD-11%
ATM Service Technician37,900 USD-77%
Bank Accounts Analyst54,000 USD-68%
Bank Accounts Collector33,700 USD-80%
Bank Accounts Controller74,200 USD-55%
Bank Accounts Executive103,000 USD-38%
Bank Accounts Manager122,000 USD-27%
Bank Auditing Manager126,000 USD-24%
Bank Branch Manager166,000 USD-0%
Bank Branch Operations Coordinator73,300 USD-56%
Bank Clerk32,000 USD-81%
Bank Client Service Associate48,700 USD-71%
Bank Collector36,200 USD-78%
Bank Compliance Specialist90,300 USD-46%
Bank Manager192,000 USD+15%
Bank Operational Risk Manager204,000 USD+23%
Bank Operations Head204,000 USD+23%
Bank Operations Officer81,600 USD-51%
Bank Operations Specialist123,000 USD-26%
Bank Process Manager119,000 USD-28%
Bank Product Manager 134,000 USD-19%
Bank Programme Manager137,000 USD-18%
Bank Project Manager159,000 USD-4%
Bank Propositions Manager138,000 USD-17%
Bank Quantitative Analyst106,000 USD-36%
Bank Regional Manager220,000 USD+32%
Bank Regional Risk Officer109,000 USD-34%
Bank Relationship Manager150,000 USD-10%
Bank Relationship Officer72,100 USD-57%
Bank Sustainability Analyst117,000 USD-30%
Bank Teller36,300 USD-78%
Banker74,500 USD-55%
Banking Business Analyst107,000 USD-36%
Banking Business Development Officer64,800 USD-61%
Banking Business Planning Executive157,000 USD-6%
Banking Data Analyst123,000 USD-26%
Banking Product Manager134,000 USD-19%
Banking Reference Data Manager121,000 USD-27%
Banking Regulatory Compliance Officer130,000 USD-22%
Banking Risk Analyst105,000 USD-37%
Banking Technical Analyst54,400 USD-67%
Bankruptcy Coordinator75,600 USD-55%
Bill and Account Collector38,200 USD-77%
Blockchain Analyst90,900 USD-45%
Blockchain Architect109,000 USD-34%
Blockchain Auditor89,600 USD-46%
Blockchain Compliance Analyst95,300 USD-43%
Blockchain Consultant103,000 USD-38%
Blockchain Trade Facilitator84,300 USD-49%
Budget Analyst107,000 USD-36%
Capital Risk Manager195,000 USD+17%
Cards Marketing Manager127,000 USD-24%
Cash Management Manager187,000 USD+12%
Check Processing Manager142,000 USD-15%
Chief Blockchain Officer121,000 USD-27%
Commercial Vault Associate99,000 USD-41%
Corporate Banker76,900 USD-54%
Corporate Dealer112,000 USD-33%
Credit Analyst84,000 USD-50%
Credit and Collections Manager136,000 USD-18%
Credit Card Fraud Investigator107,000 USD-36%
Credit Portfolio Manager198,000 USD+19%
Credit Risk Analyst123,000 USD-26%
Credit Risk Associate110,000 USD-34%
Cryptocurrency Accountant65,800 USD-60%
Cryptocurrency Adviser131,000 USD-21%
Cryptocurrency Analyst101,000 USD-39%
Cryptocurrency Compliance Manager117,000 USD-30%
Cryptocurrency Trader108,000 USD-35%
Digital Banking Manager142,000 USD-15%
Digital Currency Analyst109,000 USD-34%
Direct Bank Sales Representative75,700 USD-55%
Exchange Control Consultant110,000 USD-34%
Executive Account Analyst104,000 USD-38%
Financial Bank Planning Consultant139,000 USD-16%
Financial Banking Analysis Manager151,000 USD-9%
Financial Banking Assistant50,300 USD-70%
Financial Banking Systems Manager148,000 USD-11%
Foreign Exchange Manager147,000 USD-12%
Fraud Analyst116,000 USD-30%
Fraud Detection Associate75,200 USD-55%
Fraud Detection Manager170,000 USD+2%
Fraud Detection Supervisor93,500 USD-44%
Internal Bank Audit Manager187,000 USD+12%
Internal Bank Auditor102,000 USD-39%
Internal Private Banker78,100 USD-53%
International Banking Manager222,000 USD+33%
Investment Banking Analyst154,000 USD-7%
Loan Analyst108,000 USD-35%
Loan Area Manager129,000 USD-22%
Loan Audit Team Leader120,000 USD-28%
Loan Branch Manager123,000 USD-26%
Loan Business Development Officer61,600 USD-63%
Loan Clerk37,100 USD-78%
Loan Collection and Recovery Manager133,000 USD-20%
Loan Collection Manager129,000 USD-22%
Loan Collector33,800 USD-80%
Loan Examiner46,400 USD-72%
Loan Officer39,800 USD-76%
Loan Processing Manager118,000 USD-29%
Loan Processor45,800 USD-72%
Loan Quality Assurance Auditor106,000 USD-36%
Loan Quality Assurance Manager121,000 USD-27%
Loan Quality Assurance Representative75,300 USD-55%
Loan Review Manager117,000 USD-30%
Loan Team Leader108,000 USD-35%
Loans Manager136,000 USD-18%
Mortgage Advisor76,200 USD-54%
Mortgage Collection Manager120,000 USD-28%
Mortgage Collector34,400 USD-79%
Mortgage Credit Analyst57,600 USD-65%
Mortgage Credit Manager113,000 USD-32%
Mortgage Development Manager133,000 USD-20%
Mortgage Document Reviewer46,600 USD-72%
Mortgage Funding Manager142,000 USD-15%
Mortgage Operations Manager180,000 USD+8%
Mortgage Payment Processing Clerk40,900 USD-75%
Mortgage Processing Manager117,000 USD-30%
Mortgage Processor47,500 USD-71%
Mortgage Quality Assurance Auditor109,000 USD-34%
Mortgage Quality Assurance Manager116,000 USD-30%
Mortgage Servicing Clerk37,800 USD-77%
Mortgage Servicing Manager112,000 USD-33%
Mortgage Underwriter44,700 USD-73%
Online Banking Manager176,000 USD+6%
Open Banking Strategist114,000 USD-31%
Payment Processing Clerk37,000 USD-78%
Personal Banker74,600 USD-55%
Personal Banking Advisor 78,600 USD-53%
Phone Banker49,300 USD-70%
Private Banker77,600 USD-53%
Reconciliation and Investigation Specialist86,600 USD-48%
Tax Officer60,900 USD-63%
Teller36,100 USD-78%
Trade Officer43,800 USD-74%
Trade Product Manager129,000 USD-22%
Trader50,400 USD-70%
Treasury Operations Officer91,600 USD-45%
Wealth Management Advisor160,000 USD-4%

Salary Comparison By City

CityAverage Salary
Boston176,000 USD
Chicago208,000 USD
Houston198,000 USD
Las Vegas167,000 USD
Los Angeles208,000 USD
New York200,000 USD
San Francisco187,000 USD
San Jose193,000 USD

Salary Comparison By State

StateAverage Salary
Alabama187,000 USD
Alaska163,000 USD
Arizona193,000 USD
Arkansas178,000 USD
California202,000 USD
Colorado182,000 USD
Connecticut176,000 USD
Delaware163,000 USD
District of Columbia159,000 USD
Florida198,000 USD
Georgia194,000 USD
Hawaii165,000 USD
Idaho165,000 USD
Illinois194,000 USD
Indiana184,000 USD
Iowa170,000 USD
Kansas170,000 USD
Kentucky174,000 USD
Louisiana174,000 USD
Maine159,000 USD
Maryland179,000 USD
Massachusetts179,000 USD
Michigan185,000 USD
Minnesota174,000 USD
Mississippi164,000 USD
Missouri175,000 USD
Montana154,000 USD
Nebraska159,000 USD
Nevada162,000 USD
New Hampshire155,000 USD
New Jersey179,000 USD
New Mexico159,000 USD
New York184,000 USD
North Carolina179,000 USD
North Dakota161,000 USD
Ohio198,000 USD
Oklahoma180,000 USD
Oregon179,000 USD
Pennsylvania199,000 USD
Rhode Island162,000 USD
South Carolina181,000 USD
South Dakota161,000 USD
Tennessee187,000 USD
Texas199,000 USD
Utah169,000 USD
Vermont156,000 USD
Virginia189,000 USD
Washington186,000 USD
West Virginia165,000 USD
Wisconsin180,000 USD
Wyoming152,000 USD

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in United States is 5% on average across all career fields.

Private Sector
92,800 USD
Public Sector+5%
97,500 USD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Bank Branch Manager in United States?

A good and competitive compensation would range anywhere between 154,000 USD and 176,000 USD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Bank Branch Manager in United States ranges from 83,200 USD to 126,000 USD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.

What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

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