Branch Manager

AAA

DEFINITION of 'Branch Manager'

An executive who is in charge of the branch office of a bank or financial institution. A branch manager is responsible for all of the functions of a branch office, like hiring employees, approving loans and lines of credit, marketing the branch, building a rapport with the community in order to attract business and assisting customers with account problems. A branch manager is also responsible for making sure that the branch's goals and objectives are met in a timely fashion.

INVESTOPEDIA EXPLAINS 'Branch Manager'

Becoming a branch manager requires so much more than quantitative skills or the ability to crunch numbers. A branch manager should also possess strong sales, people-management and customer-service skills, because a branch manager's responsibilities include developing and maintaining a good relationship with customers and employees.

The major educational requirement for the position of a branch manager is an undergraduate degree in finance or a related field. However, some companies are willing to accept a candidate with a non-finance-related bachelor's degree as long as they have a master's degree in a finance-related field.

Other skills that are implicitly required of a branch manager are diligence, the ability to pay attention to detail, prioritization and multitasking skills and strong analytical skills.

RELATED TERMS
  1. General Manager

    The person in charge of a department within a company. General ...
  2. Offshore Banking Unit - OBU

    A shell branch located in an international financial center. ...
  3. Off-Premise Banking

    Any bank location other than its main location that provides ...
  4. Mini-Branch

    A special type of bank branch that offers only limited products ...
  5. Peter Principle

    An observation that in an organizational hierarchy, every employee ...
  6. Mutual Fund Subadvisor

    A money manager who works outside of the fund, and is hired by ...
Related Articles
  1. Insurance

    Bag The Best Bank Account

    Take advantage of the deals banks offer, and find the right account for your financial situation.
  2. Fundamental Analysis

    Analyzing A Bank's Financial Statements

    A careful review of a bank's financial statements can help you identify key factors in a potential investment.
  3. Savings

    Are Your Bank Deposits Insured?

    Learn how the FDIC is helping to keep your money in your pockets.
  4. Professionals

    What is a Corporation?

    A corporation is an organization—usually a large business—with specific characteristics.
  5. Professionals

    What does C-Suite Mean?

    C-Suite is a slang term used to describe the highest level senior executives of a corporation. This is the decision-making, power center of a company. These individuals are usually paid well, ...
  6. Professionals

    What's Human Capital?

    Human capital is a company asset, but it’s not listed on the balance sheet. Human capital is all of the creative skills and knowledge embodied in the employees of a company -- skills that bring ...
  7. Professionals

    Why Is Wall Street Dominated By Men?

    Find out why women in the financial industry are still lagging behind their male counterparts when it comes to pay.
  8. Stock Analysis

    How American Express Counts on Your Profligacy

    Consumers like novelty, reliability, variety, and other subjective qualities. But what really keeps them coming back to American Express is convenience.
  9. Stock Analysis

    How CVS Grew Into a Drugstore Giant

    Want proof that brick-and-mortar businesses aren't dead? Just look at this company.
  10. Investing

    Corporate Governance

    Corporate governance refers to the formally established guidelines that determine how a company is run. The company’s board of directors approves and periodically reviews the guidelines, which ...

You May Also Like

Hot Definitions
  1. Price-To-Sales Ratio - PSR

    A valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the ...
  2. Hurdle Rate

    The minimum rate of return on a project or investment required by a manager or investor. In order to compensate for risk, ...
  3. Market Value

    The price an asset would fetch in the marketplace. Market value is also commonly used to refer to the market capitalization ...
  4. Preference Shares

    Company stock with dividends that are paid to shareholders before common stock dividends are paid out. In the event of a ...
  5. Accrued Interest

    1. A term used to describe an accrual accounting method when interest that is either payable or receivable has been recognized, ...
  6. Absorption Costing

    A managerial accounting cost method of expensing all costs associated with manufacturing a particular product. Absorption ...
Trading Center