How much does a bank manager get paid?

According to the U.S. Bureau of Labor Statistics, the median annual wage for bank managers was $121,960 in May 2020. The lowest 10% of earners made less than $69,640, while the highest 10% earned more than $189,160.

Bank managers typically have a bachelor's degree and several years of experience working in the financial industry. They are responsible for overseeing all aspects of a bank branch, including customer service, lending, and operations. Bank managers also develop and implement strategies to grow their branch's business and meet customer needs.

In addition to their base salary, bank managers may also receive bonuses and other incentives. The amount of bonus pay varies based on the bank's performance and the individual manager's contributions.

Here is a table that shows the median annual wages for bank managers in different regions of the United States:

| Region | Median Annual Wage |

|---|---|

| Northeast | $134,160 |

| Midwest | $120,910 |

| South | $118,570 |

| West | $123,760 |

Bank managers in metropolitan areas typically earn more than those in rural areas. For example, the median annual wage for bank managers in New York City was $149,910 in May 2020, while the median annual wage for bank managers in rural areas was $98,970.

Bank manager salaries can also vary depending on the type of bank. For example, bank managers working for large commercial banks typically earn more than those working for small community banks.

Overall, bank managers are well-compensated professionals. They have a challenging but rewarding career that offers opportunities for advancement.