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Bank Branch Managers

Outlook

Employment for branch managers should only be fair in coming years as a result of continuing reductions in the number of bank branches. According to the U.S. Department of Labor, technology continues to decrease the number of bank branches throughout the United States. The popularity of mobile and online banking has reduced the types of transactions formerly handled by bank branches and live tellers. For example, more consumers were using mobile phones to photograph and deposit paper checks instead of visiting their local branch in 2019. Additionally, video kiosks and enhanced ATMs capable of issuing debit cards and performing other higher-level tasks resulted in smaller staffs at existing branches. Between 2018 and 2028, the DOL anticipates that employment of bank tellers will plummet 12 percent, resulting in the loss of 57,800 jobs. As banks scale back their physical locations and employees, branch managers will be impacted.

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