Branch Manager

What is a 'Branch Manager'

A branch manager is 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.

BREAKING DOWN '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. Branch Accounting

    An accounting system in which separate accounts are maintained ...
  2. Branch Office

    A location, other than the main office, where business is conducted. ...
  3. Branch Banking

    Engaging in banking activities such as accepting deposits or ...
  4. Shell Branch

    A branch location of a U.S. chartered bank located outside the ...
  5. Foreign Branch Bank

    A type of foreign bank that is obligated to follow the regulations ...
  6. Checks And Balances

    The various procedures set in place to reduce mistakes or improper ...
Related Articles
  1. Insights

    HSBC to Shut Down Half of Retail Branches in India, Shed 300 Jobs (HSBC-PA)

    HSBC will close over half of its retail branches in India to keep pace with global businesses shifting to digital channels.
  2. Markets

    The 4 Biggest Chinese Banks

    Learn how the Chinese banking system is operated and managed, and get information about the top four largest banks in the country.
  3. Insights

    Why is JPMorgan Expanding in India When Other Banks Are Closing?

    While international banks like HSBC and Barclays are closing their branches in India, JPMorgan is expanding in India. Here's why.
  4. Managing Wealth

    Banking Perks for the Rich That Will Make You Green With Envy

    Famous faces are known for getting mountains of free stuff and special treatment. And the bank is no exception. Forget cars, jewelry and runway fashions. For the ultra rich, the particular bank ...
  5. Professionals

    Banker Or Broker: Which Career Is Right For You?

    Bankers and stock brokers may share similar traits, but there are many differences between the two professions.
  6. Markets

    2 High-Growth Regional Banks (HOMB, OZRK)

    Here are two regional banks with the potential for more growth thanks to their acquisition strategies.
  7. Personal Finance

    2015's Top Checking Account Promotions

    Open a checking account in 2015 and the bank could give you a cash bonus. Check out these top offers.
  8. Markets

    Understanding Retail Banking

    Retail banking refers to the mass-marketed, consumer-oriented products and services offered by the local branch of the commercial bank.
  9. Managing Wealth

    The Future Of Mobile Banking (JPM, BAC)

    Typically slow to react to technological change, retail banks are finally recognizing the benefits it provides to consumers as well as the cost savings it gives the firm.
  10. Managing Wealth

    The Upside of a Client Service Associate Career

    Client service associates play a vital role in the financial industry. Here's the lowdown on this position and what it can offer.
RELATED FAQS
  1. Under the Uniform Securities Act, the Administrator of California may examine the ...

    The correct answer is a. The Administrator has jurisdiction over investment advisers, broker-dealers and sales representatives ... Read Answer >>
  2. Who sets fiscal policy, the president or congress?

    Discover how fiscal policy is set in the United States, including how all three branches of government can affect a given ... Read Answer >>
  3. Is it a good idea to buy mutual funds from banks?

    Mutual funds offer consumers a great way to access a professionally-managed group of assets at a relatively low cost, with ... Read Answer >>
  4. What are the requirements for opening a savings account in the United States?

    Understand what information and documentation is necessary to open a savings account within the United States, and learn ... Read Answer >>
  5. How do interpersonal skills influence a business culture?

    Interpersonal skills are vital to business culture because they determine not only how a person interacts with others, but ... Read Answer >>
  6. Is the Social Security administration part of the executive branch?

    Learn about various classifications of the Social Security Administration over the years and how it is an independent agency ... Read Answer >>
Hot Definitions
  1. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  2. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  3. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  4. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  5. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  6. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
Trading Center