Branch Manager Salary: What You’ll Make and Why
Branch managers make around $59,320 to $95,019 on average in the US, depending on experience, location, skills, and other factors.
According to various salary aggregate websites, a branch manager’s salary in the US ranges between $59,320 and $95,019, with an average salary of $68,290. As of July 2022, the base salaries for branch managers are listed as follows:
| Payscale | ZipRecruiter | Indeed | Salary.com | Glassdoor |
|---|---|---|---|---|
| $61,003 | $63,792 | $59,320 | $62,316 | $95,019 |
Keep in mind: Salary aggregate websites typically rely on data submitted anonymously by individuals using their site. Some websites may have received larger amounts of data of either higher or lower than average salaries, which may affect the site’s calculated average.
Read more: What Is a Branch Manager? How to Become One
What influences a salary?
The salary of a Branch Manager is determined by a number of factors, including education, experience, and job location. In this article, we will take a closer look at how these factors impact salary.
Years of experience
Salary increases are generally tied to your experience level. In general, the more years you spend working as a branch manager, the more you can expect to earn. Here’s how experience can impact your branch manager salary, according to the Bureau of Labor Statistics and the National Compensation Survey.
| Level of experience | Salary |
|---|---|
| Entry-level (less than 1 year) | $36,705 |
| Early career (1 to 4 years) | $47,264 |
| Mid career (5 to 9 years) | $63,893 |
| Experienced (10 to 19 years) | $83,849 |
| Late career (20+ years) | $114,936 |
Location
Where you live can also impact how much you can make as a branch manager. Typically, working in a large metropolitan area correlates to a higher salary, as well as a higher cost of living.
Here is a list of some major cities with their corresponding average branch manager salary according to the Bureau of Labor Statistics.
| City | Average Salary |
|---|---|
| New York City, NY | $96,758 |
| San Francisco, CA | $86,261 |
| Denver, CO | $80,261 |
| Washington DC, DC | $79,842 |
| Charlotte, NC | $78,476 |
| Omaha, NE | $57,013 |
| Nashville, TN | $55,877 |
| Las Vegas, NV | $54,029 |
| Salt Lake City, UT | $53,100 |
| Oklahoma City, OK | $52,871 |
How does this compare to similar jobs?
Here’s how a branch manager’s salary stacks up against similar jobs.
| Related Jobs | Average Salary |
|---|---|
| District Manager | $66,547 |
| Regional Manager | $74,956 |
| Store Manager | $40,887 |
| Operations Manager | $64,185 |
| General Manager | $56,736 |
| Sales Manager | $69,391 |
| Assistant Manager | $32,890 |
| Restaurant Manager | $46,594 |
| Retail Manager | $42,547 |
How to increase your branch manager salary
Now that you have a better idea of what you could expect to earn as a branch manager, let’s look at ways to boost your salary.
1. Strengthen your skills
Pursuing and improving in-demand skills could make you more competitive for promotions and higher-paying positions. These skills include:
- Budgeting and forecasting: Understand how to create and manage a budget for the branch
- Sales management: Train and motivate staff to meet sales targets
- Customer service: Ensure that customers have a positive experience and that their needs are met
- Risk management: Identify and mitigate risks to the branch, such as financial losses or security threats
- Human resources: Manage staff, including hiring, firing, and performance reviews
2. Take more responsibilities
Branch managers who take on additional responsibilities, such as heading up community outreach initiatives or acting as a liaison between the branch and head office, can often secure a higher salary. If you’re interested in increasing your pay, talk to your boss about taking on additional duties.
3. Go back to school
While it may seem like an investment of time and money, going back to school to earn your MBA could pay off in the long run. Many branch managers are promoted from within, and having a higher degree could give you the edge you need to be chosen for the next open position.
Article Sources
1. US Bureau of Labor Statistics. “National Compensation Survey, https://www.bls.gov/ncs/.” Accessed July 2, 2022.
2. US Bureau of Labor Statistics. “Occupational Employment and Wages, https://www.bls.gov/oes/current/oes113031.htm.” Accessed July 2, 2022.
3. Payscale. “Branch Manager, Banking Salary, https://www.payscale.com/research/US/Job=Branch_Manager%2C_Banking/Salary.” Accessed July 2, 2022.
4. Ziprecruiter. “Branch Manager Annual Salary, https://www.ziprecruiter.com/Salaries/Branch-Manager-Salary.” Accessed July 2, 2022.
5. Indeed. “Indeed Salary Finder, https://www.indeed.com/career/salaries.” Accessed July 2, 2022.
6. Salary.com. “Branch Manager Salary, https://www.salary.com/research/salary/listing/branch-manager-salary.” Accessed July 2, 2022.
7. Glassdoor. “Branch Manager Salaries, https://www.glassdoor.com/Salaries/branch-manager-salary-SRCH_KO0,14.htm.” Accessed July 2, 2022.