How much does a Branch Manager make in Chicago, IL? The average Branch Manager salary in Chicago, IL is $78,135 as of February 26, 2024, but the range typically falls between $70,419 and $86,930. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Branch Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Branch Manager Salary $63,393 Chicago,IL February 26, 2024
25th Percentile Branch Manager Salary $70,419 Chicago,IL February 26, 2024
50th Percentile Branch Manager Salary $78,135 Chicago,IL February 26, 2024
75th Percentile Branch Manager Salary $86,930 Chicago,IL February 26, 2024
90th Percentile Branch Manager Salary $94,937 Chicago,IL February 26, 2024
25% $70,419 10% $63,393 90% $94,937 75% $86,930 $78,135 50%(Median) Didn’t find job title? Click
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What skills does a Branch Manager need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.

2.

Consumer Loans: a consumer loan is any type of loan made to a consumer by a creditor. The loan can be secured (backed by the assets of the borrower) or unsecured (not backed by the assets of the borrower).

3.

customer relationship: Customer relations is the company-wide process of nurturing positive relationships with your customers . It helps you connect with your customers on a much more personal level and create a sense of mutual understanding with them.

Leadership 25.06%
Consumer Loans 2.35%
customer relationship 3.16%
Others 69.43%

Job Description for Branch Manager

Branch Manager manages a retail banking branch office that develops and grows customer relationships, promotes products and services, and delivers efficient operations. Oversees daily branch opening, closing, customer service, transaction processing, and reconciliation tasks and activities. Being a Branch Manager schedules, manages, and trains branch staff to maintain the required service coverage. Ensures staff understands and follows all company policies and procedures to maintain required security, operational, and service quality standards. Additionally, Branch Manager is accountable for financial, operational, and customer satisfaction goals for the branch. Resolves escalated customer or operations issues. Coordinates with other bank teams to promote products and represent the bank in the community. May require a bachelor's degree. Typically reports to a group or regional Branch Manager. The Branch Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Branch Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Branch Manager in Chicago, IL

Career Path for Branch Manager

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Branch Manager, the first career path typically starts with a Branch Manager, Sr. position, and then progresses to Regional Retail Banking President.

Additionally, the second career path typically starts with a Group Branch Director position, and then progresses to Group Branch Vice President.

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Branch Manager salary varies from city to city. Compared with national average salary of Branch Manager, the highest Branch Manager salary is in San Francisco, CA, where the Branch Manager salary is 25.0% above. The lowest Branch Manager salary is in Miami, FL, where the Branch Manager salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Branch Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
70419
86930
78135

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
73978
93774
82608
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Branch Manager in Chicago, IL. The base salary for Branch Manager ranges from $70,419 to $86,930 with the average base salary of $78,135. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $73,978 to $93,774 with the average total cash compensation of $82,608.
Step 2 of 3

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For a real-time salary target, tell us more about your role in the four categories below.

70419
86930

 

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How much should you be paid?

About Chicago, Illinois    Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois  area prices were up 0.8% from a year ago    View the Cost of Living in Chicago, Illinois

Branch Manager Salary in popular cities: AuroraRockfordJoliet

Skills associated with Branch Manager: Customer Support, Staff Coaching/Training, Banking Products, Branch Opening/Closing Procedures ...More

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