Bank managers supervise and manage all the functions of a branch office for a bank. This may include hiring personnel, approving loans and lines of credit and assisting customers with account problems. Bank managers may try to establish a rapport with the community to attract new business. They sometimes visit other local businesses to assist them with their banking needs.
Bank managers may work long hours, all indoors. They may have to travel.
The middle 50 percent of bank managers earn between $38,240 and $83,800. Large banks often pay more than small ones and salary often depends on the bank location.
Helpful Skills and Subjects to Study
Candidates for bank manager positions need a broad range of skills. Interpersonal and communication skills are very important. They should be creative thinkers and problem solvers. They must be comfortable with computer technology. English, accounting, and computer applications are helpful courses.
Other occupations requiring similar training and skills include financial managers, accountants and auditors, budget officers and loan officers.
Education & Training
Banks typically fill branch manager jobs by promoting experienced loan officers and other professionals who excel at their jobs. Generally, a bachelor's degree in finance, accounting, economics or business administration is the minimum educational requirement.
Employment of bank managers will grow very little or not at all as banks open fewer branches and promote electronic and Internet banking to cut costs.
Sources for Additional Information
American Bankers Association
1120 Connecticut Avenue, NW
Washington, DC 20036
Financial Executives Institute
10 Madison Avenue
Morristown, NJ 07962-1938