Last Updated By Subhashri Roy on 08 Dec, 2022
A Bank Manager is responsible for managing the team of product experts, tellers and other back executives to provide outstanding customer service. In addition, they are also responsible for overseeing and organising the operation functions of financial institutions such as credit unions and banks. The primary task of the Bank Manager is to manage the work of banking staff and to improve the performance of his bank’s branch. A Bank Manager also takes care of recruitment-related activities such as hiring new product specialists, tellers and providing training to them.
The role of Bank Manager is full of responsibilities. Bank managers act as the face of the bank in their local community. They provide investment and saving-related advice to customers. A good Bank Manager should have expert knowledge of every aspect of the bank’s operations. They should have the ability to handle multiple tasks at the same time. Here, find out roles and responsibilities of a bank manager, how to become a bank manager, salary of bank manager, and so on.
Before moving on to how to become bank manager, let us check out some major responsibilities of a Bank Manager provided below:
Developing strategies and operational logistics for the success of the bank
Developing and promoting attractive products and services to customers
Creating and developing various databases related to banking operations
Meeting customers and resolving their problems or complaints
Hiring and training new staff members
developing good relationships with the local community and businesses
Preparing annual expenditure and operational budgets for the bank.
Candidates who wish to know how to become a bank manager must keep in mind that they will have to satisfy some of the requirements decided by the financial institution. The eligibility criteria to become a Bank Manager are provided below:
Candidates should have at least 3 years of working experience. Some of the companies prefer candidates who have completed training in relevant field
Certified Public Accountant (CPA) and Certified Financial Planner (CFP)
Provided below are some skills required for Bank Manager
The table provided below contains some of the courses that you can pursue to become a Bank Manager. The table also contains some well-known finance management colleges that offer quality education. You can apply to any of these colleges by filling our Common Application Form. Besides this, if you need admission related assistance, you can call on our toll-free number 1800-572-9877.
Total Fee (Approx)
Top Colleges for Finance Management
INR 27,000 to INR 8.00 lakh
INR 1.20 lakh to INR 8.30 lakh
INR 50,000 to INR 80,000
INR 50,000 to INR 2.00 lakh
INR 25,000 to INR 6.00 lakh
There are two types of Bank Managers i.e Retail bank managers and Commercial bank managers. The Retail bank managers manage the transactions involving in various bank branches across the country. On the other hand, Commercial bank managers deal with medium-sized enterprises and small companies and provide them with banking and financial services to increase their business. Most of the operations of Retail bank managers are carried via phone or internet. There are many other profiles available for a Bank Manager. Some of them are provided below:
Bank Managers may look for a job at any financial institution such as Investment Banks, Commercial Banks, or Brokerages. Besides this, he can also look for a job at any Consultancy or Insurance Company. The graph provided below will help you know different types of companies and areas where a Bank Manager can apply for a job.
Some of the major recruiting companies for Bank Managers are listed below:
State Bank of India
Kotak Mahindra Bank
Bank of Baroda
The salary of Bank Manager who has good leadership and communication skills can be up to INR 7 lakh per annum.
Those who have experience of more than 5 years can get an average salary of INR 9-10 lakh per annum.
Starting Salary per annum (in INR)
Mid Level Salary per annum (in INR)
Senior Level Salary per annum (INR)
Provided below are some recommended books on how to become a Bank Manager:
The Bank Manager by Roger Monk
Learning by Example by David Strang
Commercial Bank Management by Benton E Gup
Bank Management by Timothy W. Koch
Credit Risk Measurement by Anthony Saunders and Linda Allen
An Introduction to Banking by Moorad Choudhry
Commercial Bank Financial Management by Joseph F Sinkey
One of the major benefits of becoming a Bank Manager is a good salary.
You will have fixed working hours. You do not have to work during weekends.
This profile will help you stay updated with the latest technologies in banking and finance
This profile is perfect for the candidates who are good in finance and accounting
There is strong competition for this position
At least 3 years of work experience is required
You should good leadership and management skills
You will be responsible for resolving the complaints of customers
Some of the major recruiters for a Bank Manager are HDFC Bank, Axis Bank, Kotak Mahindra Bank, Bank of Baroda and IndusInd Bank
Bank Manager can apply to Investment Banks, Commercial Banks, Brokerages, Consultancy or Insurance Company.
Some of the recommended books for Bank Manager are Commercial Bank Management by Benton E Gup and Bank Management by Timothy W. Koch.
Some of the other profiles available for a Bank Manager are Mortgage Broker, Branch Manager, Financial Planner, Service Manager and Chartered Accountant.
The standard working hours of a Bank Manager are 9 to 5. These working hours may vary from company to company.
Some of the skills required to become a Bank Manager are Customer service, Administration, Interpersonal skills, Numeracy and Problem-Solving skills.
You must have completed a bachelor’s degree in finance management or business administration to become a Bank Manager.
You will have to meet the sales target decided by the Director. Besides this, you will be interacting with different kinds of people daily and some people may be a bit difficult to deal with.
The salary of a Bank Manager varies depending on his skills and experience. The average salary of an experienced Bank Manager is INR 8 lakh per annum.
Some of the major responsibilities of a Bank Manager are monitoring the performance of staff members, hiring new staff and coordinating with the team members to discuss budget and expenses.