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Job Survey: Branch Manager

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Location:
Experience: Mid-level
Highest Level of Education: High School Diploma



Job Responsibilities
It is basically like running a small business. You have 6 objectives that you need to meet each month. I have a certain amount of credit card, merchant facilities and insurance sales. I also have minimum amount of lending and deposit business that the branch needs to grow by. I also have to moniter each month the amount of income and expenses that the branch has incurred. I also am responsible for the management of staff and monitoring their progress.
Uppers
The best part of job is the amount of control that you have and being able to implement any strageties that you feel may be effective to increase sales volume. The management of staff is also rewarding.
Downers
The worst part of my job is that you to rely on other departments to service your customers. If something is not done correctly or not done on time, it is still your responsibility to solve.
Lifestyle
The work hours are flexible. The amount that you need to do is dependant on achieving the branches objectives for each week but you also have to keep in mind that there are certain deadlines that you need to meet for the customer. If you do not meet these, the Bank and the customer can become legally liable in certain cases. This makes the job quite stressful. You need t be very organised. Ocassionally we need to travel for certain conferances. Depending on how far it is away from your home town depends on how you travel, either by plane or car.
Compensation
The base salary is dependant on your previous experience. If you can meet all the objectives that are required of your branch, then a very generous bonus is available each quarter of which the branch manager is given half. Depending on the length of your employment, the board of directors issue approximately $1000 worth of shares in the company. you are also entitled to staff discounts on interest rates and fees.
Advice to Jobseekers
If you have a genuine desire to meet your customers needs, then I would recommend this position. Everything you do is for them. The job does require a lot of your personally but you end up becoming a very desireable canditate for future employers.

This Branch Manager career survey is just one of 1000s of exclusive career surveys available on Vault. Find out what it's actually like on the job with Vault's job surveys.

Read all Vault Career Surveys for the inside scoop on specific jobs
Read Vault Employee Surveys for the inside scoop on specific employers
Read Vault Student/Alumni Surveys for the inside scoop on colleges and grad schools