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. Mini-Branch

    A special type of bank branch that offers only limited products ...
  3. Off-Premise Banking

    Any bank location other than its main location that provides ...
  4. Offshore Banking Unit - OBU

    A shell branch located in an international financial center. ...
  5. Peter Principle

    An observation that in an organizational hierarchy, every employee ...
  6. Bank

    A financial institution licensed as a receiver of deposits. There ...
Related Articles
  1. Bag The Best Bank Account
    Insurance

    Bag The Best Bank Account

  2. Analyzing A Bank's Financial Statements
    Fundamental Analysis

    Analyzing A Bank's Financial Statements

  3. Are Your Bank Deposits Insured?
    Savings

    Are Your Bank Deposits Insured?

  4. How You Depend On Qualcomm Every Day
    Stock Analysis

    How You Depend On Qualcomm Every Day

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center