How to Hire a Branch Manager

Does your growing business need a branch manager? A branch manager works to manage daily operations of a branch office or particular location of a bank oversees that customer service standards are exceeded and monitors financial transactions. A branch manager will also ensure policies and laws are correctly followed for your financial institution.

Here are some tips to help you find great branch manager candidates and make the right hire for your business.

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Branch managers searching for jobs on Indeed*

208,365

job seekers that clicked branch manager jobs

57,830

resumes for job seekers with branch manager experience on Indeed

5,803

branch manager jobs that received clicks

What is the cost of hiring a branch manager?

  • Common salary in US: $57,072 per year
  • Typical wages range from $14,000$138,000 per year
  • Find more information on Indeed Salaries
Common
 
 
$14,000
$138,000

*Indeed data (US) – December 2020

As of December 2020, branch manager jobs in the US are very competitive compared to other job markets, with an average of 36 job seekers per branch manager job.

Why hire a branch manager?

Hiring a branch manager can be an impactful choice when facilitating company growth. A branch manager is there to support other workers in the bank, as well as engage with customers. A branch manager will also train employees on company standards so your team will be well-trained, confident and proficient in their daily tasks.

Contributions of a great branch manager:

  • Monitoring of daily processes
  • Hiring and training employees
  • Ensuring company standards are enforced

Deciding between a full-time vs contract branch manager

Before writing a branch manager job description or interviewing candidates, it’s important to decide if you need to hire a full-time or contract-basis branch manager (and what your budget will allow).

Most branch managers are full-time employees since they’re often responsible for hiring and training new employees and managing the operations of a branch or location. Full-time is usually the best option for upper management roles like branch manager, since contract-basis branch managers may not be as loyal to your business and may be harder to retain.

Where to find branch managers

To find the right branch manager for your business, consider trying out a few different recruiting strategies:

  • Ask for referrals: Reach out to your network and ask if they know anyone who could be a fit for your branch manager role.
  • Tap into professional associations: The American Bankers Association (ABA) and other local, state and national associations can help you find qualified branch manager candidates.
  • Hire from within: Consider promoting one of your current employees to the branch manager role, provided they fit your hiring criteria. Loan officers, financial analysts and assistant branch managers often make good branch managers.
  • Post your job online: Try posting your branch manager job on Indeed to find and attract quality branch manager candidates.

Skills to look for in a great branch manager

A great branch manager candidate will have the following skills, attributes and work experience that reflects:

  • Ability to motivate employees
  • Leadership skills
  • Strong background in finance and/or banking
  • Accountability
  • Ability to handle sensitive information
  • Customer service skills
  • Management skills

Writing a branch manager job description

A thoughtful description is important for finding qualified branch manager candidates. A branch manager job description includes a compelling summary of the role, detailed list of duties and responsibilities and the required and preferred skills for the position.

When writing your branch manager job description, consider including some or all of the following keywords to improve the visibility of your job posting. These are the most popular search terms leading to clicks on branch manager jobs, according to Indeed data:

  • Manager
  • Banking
  • Branch manager
  • Management
  • Bank
  • Bank manager
  • Supervisor
  • Operations manager
  • Sales manager
  • Credit union

Interviewing branch manager candidates

Strong candidates for branch manager positions will be confident answering questions regarding:

  • Background in the financial industry
  • Customer service philosophy
  • Experience managing employees

Need help coming up with interview questions? See our list of branch manager interview questions for examples (with sample answers).

FAQs about how to hire a branch manager

Who does a bank branch manager report to?

Branch managers often report to managing directors, senior branch managers, regional managers and/or a company’s CEO or chief financial officer (CFO).

On the other hand, branch managers often supervise tellers and other bank officers.

What is the difference between bank manager and branch manager?

Branch manager is a type of bank manager. Other types of bank managers include bank investment managers, bank directors and bank administrators. Branch managers typically manage a particular branch or specific location of a parent bank, while “bank manager” can be used to describe someone who manages any kind of bank.

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    Last updated: Apr 21, 2021