Personal Bank Manager Salary

Created by Henry Steele

By Henry Steele - January 8, 2018
Reading Time: 6 minutes
Reading Time: 6 minutes

The following article discusses the career path of Personal Banking Manager. Learn about how to become one, education requirements, job duties, traits and qualities, national salary outlook as well as top national employers of Personal Banking Managers.

Job Duties

Personal banking managers handle a bank’s day to day operations in relation to personal customers. Usually, these banks are owned by larger financial organizations. The personal banking manager ensures that all policies are properly implemented and adhered to, including legal regulations. They also supervise other bank employees.

These managers implement budgets and operations to allow the bank to remain profitable. They do this by finding more personal banking customers and by focusing on marketing of the branch at the same time.

They often have to receive new training on rules and regulations, and they must then train their staff on issues on what they have learned. They have a lot of authority in terms of which staff to recruit and retain, which means they also have a lot of human resource knowledge.

Other job duties of a personal banking manager include:

  • Managing the daily activities of their branch as it pertains to personal customers. This includes profitability, HR, sales, and marketing.
  • Developing and maintaining excellent relationships with personal banking customers, business partners, and the community as a whole.
  • Creating, developing, and implementing new strategies to ensure that new customers come to the bank, while improving sales and services at the same time.
  • Motivating, supervising, and leading staff, taking on HR responsibilities for the team.

Where We Work

According to the U.S. Bureau of Labor Statistics, there were 580,400 financial managers in 2016, a profession closely related to personal banking managers. The largest employers of these professionals were:

  • Finance and insurance: 29%
  • Professional, scientific, and technical services: 12%
  • Management of companies and enterprises: 11%
  • Government: 7%
  • Manufacturing: 7%

How to Become

It is generally expected that a personal banking manager holds a graduate degree, preferable the master of business administration (MBA), although finance or economics are also accepted. Some employers will accept those with only a bachelor’s degree if they have sufficient experience and are willing to complete a graduate degree at a later stage.

Education Requirements

A personal banking manager will typically have at least five years of experience at management level in a financial field, as well as holding a graduate degree. They often have a background as a financial analyst, securities sales agent, or accountant.

The most acceptable master’s degree is the MBA, although those with a master’s degree in economics, accounting, or finance are also acceptable. These graduate degrees demonstrate that an individual has the necessary analytical skills and understanding of software and financial analysis.

There is no requirement for a personal banking manager to be certified, but it can improve their career prospects. The Chartered Financial Analyst (CFA) is a highly respected certification, and also the Certified Treasury Professional offered by the Association for Financial Professionals. Some personal banking managers are licensed as a Certified Public Accountant (CPA), which is provided by the American Institute of Certified Public Accountants (AICPA).

Traits & Qualities

The most effective personal banking managers have the following traits to some degree or other:

  • Strong analytical skills
  • Excellent communication skills, both verbal and written, with a particular focus on report writing
  • Detailed oriented
  • Great mathematical skills
  • Well organized
  • Strong team workers

Minimum Education

Master’s Degree

National Salary

The national average salary estimate for Personal Banking Manager was $51,369. This number is estimated from over 106,224 employees, users past and present job advertisements from Indeed.com. This equates to an hourly salary of $26.75 and monthly of $4,281.

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$14,000

$116,000

Salary Distribution

Salary by State

The following section lists Personal Banking Manager salaries in each state around the country. The figures are based on the total number of job postings through Indeed.com. For example, North Carolina had the largest quoted salary of $78,894 while Alaska had the smallest quoted salary of $26,400.

AlaskaIllinoisNorth CarolinaPennsylvania
CaliforniaMassachusettsNew JerseyTexas
ColoradoMarylandNew YorkVirginia
ConnecticutMichiganOhioWashington
FloridaMissouriOregonWisconsin
Alaska$26,400Rank: 20th
The average salary ranks 20th among states in the country. There were also job openings from employers like Mt McKinley Bank.

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$7.25

$22.65

Salary Distribution
California$56,713Rank: 6th
The average salary ranks 6th among states in the country. There were also job openings from employers like Bank Of America and Wells Fargo.

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$19,000

$114,000

Salary Distribution
Colorado$48,993Rank: 11th
The average salary ranks 11th among states in the country. There were also job openings from employers like Academy Bank.

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$14,000

$126,000

Salary Distribution
Connecticut$67,972Rank: 3rd
The average salary ranks 3rd among states in the country. There were also job openings from employers like Bank Of America.

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$30,000

$120,000

Salary Distribution
Florida$47,826Rank: 12th
The average salary ranks 12th among states in the country. There were also job openings from employers like Nason & Nason and Bank Of America.

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$15,000

$99,000

Salary Distribution
Illinois$55,752Rank: 7th
The average salary ranks 7th among states in the country. There were also job openings from employers like BMO Harris Bank.

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$14,000

$126,000

Salary Distribution
Massachusetts$45,276Rank: 13th
The average salary ranks 13th among states in the country. There were also job openings from employers like Bank Of America, Santander Bank, and Sovereign Bank.

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$14,000

$93,000

Salary Distribution
Maryland$62,773Rank: 5th
The average salary ranks 5th among states in the country. There were also job openings from employers like Clinical Management Consultants.

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$15,000

$142,000

Salary Distribution
Michigan$50,599Rank: 9th
The average salary ranks 9th among states in the country. There were also job openings from employers like Huntington, Huntington Bank, and MARATHON.

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$25,000

$84,000

Salary Distribution
Missouri$38,251Rank: 17th
The average salary ranks 17th among states in the country. There were also job openings from employers like Commerce Bank.

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$14,000

$90,000

Salary Distribution
North Carolina$78,894Rank: 1st
The average salary ranks 1st among states in the country. There were also job openings from employers like Bank Of America and Robert Half Technology.

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$21,000

$172,000

Salary Distribution
New Jersey$40,936Rank: 15th
The average salary ranks 15th among states in the country. There were also job openings from employers like Bank Of America, Sovereign Bank, and Lloyds Banking Group.

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$14,000

$89,000

Salary Distribution
New York$44,513Rank: 14th
The average salary ranks 14th among states in the country. There were also job openings from employers like The Savings Bank, Bank Of America, JPMorgan Chase, and Santander Bank.

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$14,000

$126,000

Salary Distribution
Ohio$52,614Rank: 8th
The average salary ranks 8th among states in the country. There were also job openings from employers like N2 Publishing and Huntington Bank.

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$18,000

$104,000

Salary Distribution
Oregon$30,067Rank: 19th
The average salary ranks 19th among states in the country. There were also job openings from employers like Personnel Source, Inc.

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$7.85

$23.60

Salary Distribution
Pennsylvania$34,025Rank: 18th
The average salary ranks 18th among states in the country. There were also job openings from employers like Santander Bank and First National Bank.

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$14,000

$71,000

Salary Distribution
Texas$49,089Rank: 10th
The average salary ranks 10th among states in the country. There were also job openings from employers like Bank Of America and Wells Fargo.

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$16,000

$99,000

Salary Distribution
Virginia$78,218Rank: 2nd
The average salary ranks 2nd among states in the country. There were also job openings from employers like N2 Publishing and Bank Of America.

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$34,000

$141,000

Salary Distribution
Washington$64,602Rank: 4th
The average salary ranks 4th among states in the country. There were also job openings from employers like Bank Of America.

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$29,000

$114,000

Salary Distribution
Wisconsin$38,313Rank: 16th
The average salary ranks 16th among states in the country. There were also job openings from employers like BMO Harris Bank and TRI CITY NATIONAL BANK.

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$14,000

$82,000

Salary Distribution

Top 20 National Employers

According to Indeed.com, the following states had employers looking to hire a Personal Banking Manager. The quoted salary figure represents the average salary from all job postings by this employer.

Employer NameLocationAverage Salary

Learn More

Related Careers

Career NameAverage Salary

Henry Steele
Managing Editor
Henry is Managing Editor of BusinessStudent.com. He is a seasoned business professional who regularly consults with local business's throughout Southern California. Henry pursued his undergrad in Business and Economics at the University of San Diego and gained valuable life changing experience through a unique internship upon graduation.

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