How much does a Branch Manager make?
A Branch Manager plays a key role in overseeing the daily operations of a business location. This position often comes with a rewarding salary. The average yearly salary for a Branch Manager is around $71,220. This figure can vary depending on several factors. These include the size of the company, the industry, and the location of the branch.
The salary range for Branch Managers can be quite broad. At the lower end, some Branch Managers earn around $36,000 per year. At the higher end, top-performing Branch Managers can make over $137,000 annually. Most Branch Managers fall somewhere in the middle of this range. This makes it a competitive and potentially lucrative career choice. The role often includes benefits like bonuses, profit-sharing, and other incentives. These can add to the overall compensation package.
What are the highest paying cities for a Branch Manager?
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Toledo, OH
Average Salary: $98,201
In Toledo, leading a branch means overseeing a diverse range of businesses. Companies like Huntington National Bank and Fifth Third Bank offer great opportunities for growth. The community-focused environment makes it a rewarding place to work.
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Riverside, CA
Average Salary: $91,968
Riverside provides a dynamic setting for branch leadership. With major employers like Wells Fargo and Chase, there are ample opportunities for professional development. The city's vibrant culture enhances the work experience.
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Washington, DC
Average Salary: $91,359
Washington, DC, offers a unique blend of business and politics. Leading a branch here means working with companies like Capital One and Wells Fargo. The city's professional environment fosters career advancement.
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San Jose, CA
Average Salary: $88,870
San Jose is a tech hub, making it an exciting place for branch managers. Companies like Bank of America and JPMorgan Chase thrive here. The innovative atmosphere supports both personal and professional growth.
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Santa Maria, CA
Average Salary: $87,686
Santa Maria offers a smaller, community-oriented environment. Leading a branch here means working closely with local businesses and residents. Companies like Pacific Premier Bank provide a supportive workplace.
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San Francisco, CA
Average Salary: $85,483
San Francisco is a bustling city with many opportunities for branch managers. Major banks like Wells Fargo and Bank of America are prominent. The city's fast-paced environment is ideal for those seeking dynamic challenges.
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Los Angeles, CA
Average Salary: $85,232
Los Angeles provides a diverse and vibrant setting for branch leadership. With companies like Chase and Bank of America, there are many opportunities for growth. The city's dynamic culture enhances the work experience.
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Salinas, CA
Average Salary: $85,153
Salinas offers a close-knit community feel. Leading a branch here means working with local businesses and residents. Companies like Rabobank provide a supportive environment for career development.
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Seattle, WA
Average Salary: $84,233
Seattle is a tech-driven city with many opportunities for growth. Leading a branch here means working with companies like Wells Fargo and Chase. The city's innovative atmosphere supports both personal and professional growth.
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Dayton, OH
Average Salary: $84,147
Dayton offers a balanced environment for branch leadership. Companies like Fifth Third Bank and Huntington National Bank provide great opportunities. The city's community-focused environment makes it a rewarding place to work.
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What are the best companies a Branch Manager can work for?
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Paramount Residential Mortgage Group
Average Salary: $255,205
Paramount Residential Mortgage Group offers Branch Manager jobs with a focus on mortgage services. They operate in various locations across the United States, providing opportunities for growth and leadership.
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Envoy Mortgage
Average Salary: $230,000
Envoy Mortgage provides Branch Manager positions with a strong emphasis on customer service and mortgage solutions. They have locations in several states, offering a dynamic work environment.
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Charles Schwab
Average Salary: $147,420
Charles Schwab offers Branch Manager jobs with a focus on financial services. They have branches nationwide, providing a stable and rewarding career path.
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Rugby Architectural Building Products
Average Salary: $140,893
Rugby Architectural Building Products provides Branch Manager roles with a focus on construction materials. They have locations across the country, offering a solid foundation for career development.
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Cleary Building Corp.
Average Salary: $137,500
Cleary Building Corp. offers Branch Manager jobs with a focus on construction services. They have branches in multiple states, providing a variety of opportunities for growth.
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OWL Services
Average Salary: $132,392
OWL Services provides Branch Manager positions with a focus on facility management. They operate in several locations, offering a supportive and professional work environment.
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Len The Plumber
Average Salary: $130,645
Len The Plumber offers Branch Manager jobs with a focus on plumbing services. They have branches in various states, providing a stable and rewarding career path.
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ABM Industries Inc.
Average Salary: $127,141
ABM Industries Inc. provides Branch Manager roles with a focus on facility services. They have locations across the United States, offering a dynamic and growing career opportunity.
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Universal Engineering Sciences
Average Salary: $125,323
Universal Engineering Sciences offers Branch Manager jobs with a focus on engineering services. They have branches in multiple locations, providing a stable and rewarding career path.
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Windermere Real Estate
Average Salary: $124,955
Windermere Real Estate provides Branch Manager positions with a focus on real estate services. They have branches in various states, offering a dynamic and growing career opportunity.
How to earn more as a Branch Manager?
A Branch Manager plays a crucial role in the success of a company. This position requires strong leadership and management skills. To earn more in this role, consider these key factors. They can help increase your salary and job satisfaction.
First, gaining experience is important. The more years you work in management, the more you know about running a branch. Experience often leads to higher pay. Second, having a strong performance record can boost your salary. Meeting or exceeding sales targets and managing the branch well can impress employers. Third, earning additional certifications can help. Certifications in management or specific industry skills can make you more valuable. Fourth, networking within the industry can open up higher-paying opportunities. Connecting with others in your field can lead to job offers with better pay. Lastly, seeking promotions can increase your earnings. Moving into higher-level management roles often comes with a salary increase.
Consider these factors to improve your earnings as a Branch Manager. Focus on gaining experience, maintaining strong performance, earning certifications, networking, and seeking promotions. These steps can lead to a higher salary and a more rewarding career.
- Gain experience in management.
- Maintain strong performance records.
- Earn additional certifications.
- Network within the industry.
- Seek promotions to higher-level roles.
