Bank Manager Education requirements
Bank branch managers oversee the daily operations of a financial institution's satellite offices. These individuals supervise branch workers including tellers and loan officers, evaluate loan applications and oversee the flow of cash and financial instruments. They also make sure that security and cash-handling procedures are followed.
A branch manager reports to the company's home office on the activities of the branch and may serve as the company's representative in the local business community. These professionals often work in comfortable office settings and maintain a full-time schedule.
The U.S. Bureau of Labor Statistics reported in May 2015 the median annual income for financial managers was $117, 990.
Career Requirements
To be a bank branch manager, you need a bachelor's degree in accounting, business administration, or finance. You also need at least five years of experience in financial services including previous experience as a loan officer, financial analyst, or assistant branch manager. CPA or CFA certifications are optional, but they may improve your career opportunities. You should also cultivate your skills in customer service, communication, accounting, decision-making, and time management. You'll want to be involved in community affairs and ensure you have an understanding of federal and state regulations regarding financial reporting.
Steps to Become a Bank Branch Manager
You can follow these steps to become a bank branch manager.
Step 1: Earn a Bachelor's Degree
You need to possess a bachelor's degree in business administration, accounting, finance or a related major, according to the U.S. Bureau of Labor Statistics. Some employers may require a master's degree. Some universities offer a business administration degree that allows concentrations in areas such as accounting and finance, management and marketing, or information systems and operations management.
