Branch Office

What is a 'Branch Office'

A location, other than the main office, where business is conducted. Most branch offices are comprised of smaller divisions of different aspects of the company such as human resources, marketing, accounting, etc. A branch office will typically have a branch manager who will report directly to, and take orders from, a management member of the main office.

BREAKING DOWN 'Branch Office'

Branch offices are useful in that it allows the administrative aspect of the business to be conducted in locations around the globe. For example, Starbucks has branch offices so as to be able to meet closely with the stores district managers in a more cost effective manner, as well as cater to, and be more informed in, the needs of specific locations.

RELATED TERMS
  1. Branch Accounting

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

    A type of foreign bank that is obligated to follow the regulations ...
  3. McFadden Act

    Federal legislation that gave individual states the authority ...
  4. Series 30

    A securities license entitling the holder to become a futures ...
  5. Branch Automation

    Form of banking automation that connects the customer service ...
  6. International Banking Act of 1978

    Federal banking legislation that put all domestic bank branches ...
Related Articles
  1. Investing

    What Does the Back Office Do?

    A financial services company’s back office provides administrative and personnel support.
  2. 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.
  3. Trading

    Broker Summary: Scottrade Online Trading Platform: Customer Support

    Scottrade offers customer support by phone, email, online chat, or in person at one of its 500+ branches. Investors and traders can call their local branches during normal business hours, or ...
  4. 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.
  5. Investing

    The Importance Of Office To Microsoft

    The mobile and cloud revolution were expected to sound the death knell for the Office suite of products, but a new era is beginning for Microsoft Office.
  6. Managing Wealth

    Compliance Officer: Job Description and Average Salary

    Learn what being a compliance officer entails, including job description, required education and training, skills and national average salary.
  7. Investing

    Office Rent in Singapore Will Continue Decline

    According to Daiwa Securities Company, office rents in Singapore may witness a “prolonged slump” by as much as 25% till the end of 2018 as the demand continues to dwindle.
  8. 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.
  9. Markets

    2 High-Growth Regional Banks (HOMB, OZRK)

    Here are two regional banks with the potential for more growth thanks to their acquisition strategies.
  10. Investing

    The Internet Revolution That Has Big Banks Worried

    The banking industry is still in recovery mode after an era of heavy fines and a greatly-increased level of regulatory scrutiny. But the industry is also grappling with major technological shifts ...
RELATED FAQS
  1. What's the average salary of a loan officer?

    Read about the average yearly salary for a loan officer. Learn about what these professionals do and what determines their ... Read Answer >>
  2. How do the C-suite members work together to make a successful company?

    Learn more about the C-suite titles and how the executive team successfully runs a large or small organization. Find out ... Read Answer >>
  3. Sometimes investment banking firms allocate shares of hot issues to the personal ...

    The correct answer is a) Spinning is the act of selling hot issues to the personal accounts of corporate officers which in ... Read Answer >>
  4. Under what circumstances would I require private wealth management?

    Learn why many high-net-worth individuals may prefer private wealth management services, and understand how these firms charge ... Read Answer >>
  5. 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 >>
  6. 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 >>
Hot Definitions
  1. AAA

    The highest possible rating assigned to the bonds of an issuer by credit rating agencies. An issuer that is rated AAA has ...
  2. GBP

    The abbreviation for the British pound sterling, the official currency of the United Kingdom, the British Overseas Territories ...
  3. Diversification

    A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique ...
  4. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  5. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  6. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
Trading Center