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Career as Bank Manager

Career as a Bank Manager

About Bank Manager

Bank Manager is responsible for managing the team of product experts, tellers and other back executives to provide outstanding customer service. In addition, he is 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. He provides investment and saving related advises to the customers. A good Bank Manager should have expert knowledge of every aspect of the bank’s operations. He should have the ability to handle multiple tasks at the same time. 

Responsibilities of a Bank Manager

Check 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.

Eligibility to become Bank Manager

Candidates who are looking for a career as a Bank Manager will have to satisfy some of the requirements decided by the financial institution. The eligibility criteria to become the Bank Manager is provided below. 

Education Required

  • Candidates must have completed a bachelor's degree in business administration or any relevant field

  • Companies will prefer candidates who have completed the bachelor’s degree in accounting, finance or maths. 

  • Master’s degree in business administration or finance may help the candidates to apply for higher positions

Work Experience

Candidates should have at least 3 years of working experience. Some of the companies prefer candidates who have completed training in relevant field  

Certificate

Certified Public Accountant (CPA) and Certified Financial Planner (CFP) 

Skills

Provided below are some skills required for Bank Manager

  • Administration

  • Customer service

  • Interpersonal skills

  • Numeracy

  • Leadership

  • Problem-Solving skills

  • People management

Courses to become a Bank Manager

The table provided below contains some of the course 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. 

Course

Total Fee (Approx)

Top Colleges for Finance Management

Bachelor of Business Administration

INR 27,000 to INR 8.00 lakh

BBA in Finance

INR 1.20 lakh to INR 8.30 lakh

B.Com in Taxation and Finance

INR 50,000 to INR 80,000

M.Com in Finance

INR 50,000 to INR 2.00 lakh

MBA in Finance Management

INR 25,000 to INR 6.00 lakh

Types of Job Roles Bank Manager

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. 

If you want to know what occupation is right for you, you can take our Career Profiling Test. Besides this, you can ask questions about a career as a Bank Manager on Collegedekho QnA zone

Employment Opportunities for Bank Manager

Bank Managers may look for a job at any financial institution such as Investment Banks, Commercial Banks, 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 type of companies and areas where a Bank Manager can apply for a job. 

Employment Opportunities for Bank Manager

Top Recruiting Agencies for Bank Manager

Some of the major recruiting companies for Bank Manager are listed below.

  • State Bank of India

  • ICICI Bank

  • HDFC Bank

  • Axis Bank

  • Kotak Mahindra Bank

  • Bank of Baroda

  • IndusInd Bank

  • YES Bank

  • IDBI Bank

Planning to choose Bank Manager as your career?

Pay Scale/Salary of Bank Manager

  • A Bank Manager who has good leadership and communication skills can earn up to 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 

Profile

Starting Salary per annum (in INR)

Mid Level Salary per annum (in INR)

Senior Level Salary per annum (INR)

Bank Manager

3,50,000

7,84,000

10,00,000

Salary of Bank Manager

 

Books & Study Material to Become Bank Manager

Provided below are some recommended books for 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

Pros of becoming a Bank Manager

  • 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

Cons of becoming a Bank Manager

  • 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

Paths for Being Bank Manager

FAQs about Bank Manager

Who are the major recruiters for Bank Manager?

Some of the major recruiters for a Bank Manager are HDFC Bank, Axis Bank, Kotak Mahindra Bank, Bank of Baroda and IndusInd Bank

Where can a Bank Manager apply?

Bank Manager can apply to Investment Banks, Commercial Banks, Brokerages, Consultancy or Insurance Company.

What are the recommended books for Bank Manager?

Some of the recommended books for Bank Manager are Commercial Bank Management by Benton E Gup and Bank Management by Timothy W. Koch.

What profiles are available for Bank Manager?

Some of the other profiles available for a Bank Manager are Mortgage Broker, Branch Manager, Financial Planner, Service Manager and Chartered Accountant.

What are the working hours of a Bank Manager?

The standard working hours of a Bank Manager are 9 to 5. These working hours may vary from company to company.

What skills are required to become a Bank Manager?

Some of the skills required to become a Bank Manager are Customer service, Administration, Interpersonal skills, Numeracy and Problem-Solving skills.

What is the eligibility criteria to become a Bank Manager?

You must have completed a bachelor’s degree in finance management or business administration to become a Bank Manager.

What is the hardest part of being 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.

How much does a Bank Manager make?

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.

What are the responsibilities of a Bank Manager?

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.

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