Finance & accounting

Bank manager

Bank managers oversee the day-to-day operations of their branch, supervise staff and work to attract new customers.

Annual Salary

£18,000 to £70,000

Average UK salary in 2018 was £29,588 (source Office for Statistics)

Working hours

35 to 40

4%
Future employment

There will be 4% more Bank manager jobs in 2024.
In your local area

What's it all about?

You'll run one or more high street bank branches.

Your day-to-day tasks may include:

  • communicating and implementing business, marketing and sales plans
  • monitoring sales targets and budgets, and producing figures and reports
  • assessing lending risk
  • motivating staff to meet targets
  • understanding the needs of individual and business customers
  • making sure that staff follow rules and procedures
  • developing relationships with the local community and businesses
  • dealing with customer complaints

You can get into this job through:

  • a university course
  • an apprenticeship
  • working towards this role

University

You could take a degree before applying for a management trainee scheme. Degree subjects include:

  • management
  • accounting
  • economics
  • finance
  • maths

You could do a retail banking internship for a minimum of 8 weeks during your degree. This will give you a head start when applying for trainee manager jobs after you finish.

You'll usually need:

  • 2 to 3 A levels for a degree

Apprenticeship

You could do a banking relationship manager degree apprenticeship, or a financial services professional degree apprenticeship. 

You'll usually need:

  • 4 or 5 GCSEs at grades 9 to 4 (A* to C) and college qualifications like A levels for a degree apprenticeship

Work

You could apply to join a bank in a customer service job and work your way up.

You'll usually need a least 5 GCSEs at grades 9 to 4 (A* to C), including English and maths, or equivalent qualifications.

You could take further training on the job while you study for management qualifications.

Further information

You can find more advice about training and working in banking from the London Institute of Banking and Finance and Chartered Banker Institute.

£18,000 to £70,000

Starter salary: £18,000 to £40,000

Experienced salary: £40,000 to £60,000 (senior branch managers)

Benefits can include profit-related bonuses, subsidised mortgages, loans, pensions, shares and insurance.

These figures are a guide.

35 to 40

You'll usually work 9am to 5pm, Monday to Friday. You may also work on Saturdays, depending on your branch's opening hours.

You may also be on a rota for security callouts.

You'll be based in an office at your branch. If you become a regional manager, you'll travel between a of number branches.

You could work towards chartered banker status with the Chartered Banker Institute. This could help broaden your career options at senior management level.

With experience, you could take on responsibility for several branches in a local area or region. You could move into head office operations, or work with the bank's overseas division.

You could also work in corporate or investment banking.

Skills required and how your skills match up

What skills are required?

You'll need:

  • excellent verbal communication skills
  • business management skills
  • customer service skills
  • the ability to sell products and services
  • leadership skills
  • knowledge of economics and accounting
  • ambition and a desire to succeed
  • to be thorough and pay attention to detail
  • to be able to use a computer and the main software packages competently
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