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Career as Branch Manager

Career as a Branch Manager

About Branch Manager

Branch Manager is the person responsible for handling the administrative duties of a particular 'branch' or outlet of an organisation. The term is most commonly associated with Banking and Financial sector jobs but other sectors such as Retail, Educational Institutions etc. also the requirement of Branch Managers.

Branch Managers have the responsibilities of supervising the entire operations of a branch, from staff management to financial reports and audits. They even have a hand in ensuring that their branch is comfortably furnished for their customers. They must also work to ensure that the branch achieves its growth targets.

Another important duty of Branch Managers is to take care of customer complaints and providing quick resolutions to any queries. They are expected to know every detail about the operations and products offered through a branch. They may also have to ensure that they maintain a good relationship with existing clients while also scheduling meetings with new and potential clients to get them on board.

Responsibilities of a Branch Manager

The exact responsibilities of a Branch Manager will vary with the type of industry they are working in. However, the general responsibilities that more or less remain the same across all sectors are mentioned below.

  • Supervising the daily operations of a branch.

  • Heading staff meetings and providing operational instructions.

  • Ensuring that proper customer service standards and met.

  • Personally addressing customer complaints where required.

  • Monitor the branch's financial health and performance and setting growth targets.

  • Motivating the staff and supervising operations such as hiring, training, promotions and work schedule.

  • Taking care of inventory management including purchasing, receiving and signing off payments.

Eligibility to become Branch Manager

The eligibility requirements to become a Branch Manager can be checked here.

Educational Qualifications
  • Branch Managers must have completed bachelor's degrees in a relevant stream.

  • Candidates with UG management degrees are good candidates for Branch Manager roles.

  • Branch Managers must also financially-literate and have a good understanding of operational management of an organisation.

  • MBA degree holders are also suitable candidates for this role.

  • CA qualified candidates are also preferred for the role, especially by financial institutions.

Work ExperienceAround 5 to 7 years of relevant work experience is necessary to be considered for this role.
Skills Required

The skills required for Branch Managers are listed below.

  • Organisational Skills

  • Team Management

  • Verbal and Written Communication Skills

  • Interpersonal Skills

  • Problem-Solving Attitude

  • Critical Thinking

Courses to Become a Branch Manager

Some of the courses to become a Branch Manager have been provided in the table below. Also, check the average fee and top colleges for Branch Managers.

Course

Average Course Fee (Approx.)

Top Finance Colleges for Branch Managers

Bachelor of Business Administration

Rs 1.5 L to Rs. 2.50 L

BBA in Finance

Rs. 3.00 L to Rs. 4.00 L

Bachelor of Accounting & Finance (BAF)

--

B.Com in Taxation and Finance

Rs. 15 K to 3 L

M.Com in Finance

Rs. 1 L to Rs. 1.50 L

MBA - Finance Management

Rs 2 to 2.5 L

Apply to popular finance colleges in India through the Common Application Form (CAF) and get admissions-related assistance for free. For any queries, call our helpline number 18005729877.

Types of Job Roles Branch Manager

As explained above, Branch Managers can be found in multiple industries or sectors. Hence, the job roles for Branch Managers can also vary depending on the sector they are working in. Given below are some of the job profiles available for Branch Managers.

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Employment Sector/Industry for Branch Manager

There are many organisations that operate through their outlets spread across many different locations. These outlets are the point of contact at which a customer can get the services or products offered by the organisation. Having a Branch Manager in these outlets is essential for these organisations. Branch Managers work as administrative representatives of these organisations and have the authority to take key decisions pertaining to their branch.

Hence, there are plenty of career opportunities available for Branch Managers available in the market. However, career opportunities will also depend on the sector in which a candidate is working. Usually, Branch Managers cannot switch between different industries unless they both require similar job experience.

  • Banks

  • Finserve Companies

  • Financial Consultancies

  • Healthcare Centres

  • Consultancies

  • Clothing Retail Shops

  • Electronic Stores

  • Educational Institutions etc.

Top Recruiting Companies for Branch Managers

Some of the top recruiters of Branch Managers in the banking sector have been given below.

  • State Bank of India

  • IDBI Bank

  • Kotak Mahindra Bank

  • HDFC Bank

  • YES Bank

  • ICICI Bank

  • IndusInd Bank

  • Dena Bank etc.

Planning to choose Branch Manager as your career?

Pay Scale/Salary of Branch Manager

The earnings of a Branch Managers will depend on which type of industry they are working in. The table below covers the average salaries of Branch Managers in the Retail and Banking sectors.

Job ProfileAverage Salary
(per annum)
Entry-Level Salary
(per annum)
Mid-Level Salary
(per annum)
Senior-Level Salary
(per annum)
Branch Manager (Retail)Rs. 6,40,000Rs. 3,10,000Rs. 5,85,000Rs. 7,90,000
Branch Manager (Banking)Rs. 8,00,000Rs. 4,00,000Rs. 8,00,000Rs. 9,70,000

 

Books & Study Material to Become Branch Manager

Given below are some of the best books recommended for Branch Managers.

  • 7 Habits of Highly Effective People: Powerful Lessons in Personal Change by Stephen R. Covey

  • The 21 Irrefutable Laws of Leadership: Follow Them and People Will Follow You by John Maxwell

  • The Speed of Trust: The One Thing that Changes Everything by Stephen M.R. Covey
  • How to Win Friends and Influence People by Dale Carnegie

  • Leadership: The Power of Emotional Intelligence by Daniel Goleman

  • It’s Your Ship: Management Techniques from the Best Damn Ship in the Navy by Captain D. Michael Abrashoff

Pros of becoming a Branch Manager

  • Branch Managers have administrative control of their branch and hence are free to make their own decisions.

  • The salary growth for Branch Managers is good and they can earn excellent salaries in their late careers.

  • Many undergraduate degree courses available and easy postgraduate options for growth can be pursued.

Cons of becoming a Branch Manager

  • Branch Managers often face tough targets for the growth and sustenance of a branch.

  • Dealing with customer complains on a daily basis has the potential to get hectic.

  • Work experience with good track record is essential for this role.

Paths for Being Branch Manager

FAQs about Branch Manager

Do companies conduct any exams for Branch Managers?

Some companies may conduct internal examinations to promote candidates to the post of Branch Managers. Hiring for Branch Managers is done mostly on the basis of Personal Interviews.

Which are the top recruiting companies for Branch Managers?

Top recruiters for Branch Managers are mostly from the BFSI sectors. These include SBI, Kotak Mahindra, ICICI, IDBI, Yes Bank, IndusInd Bank etc.

How much work experience is required to become a Branch Manager?

A general assessment of Branch Manager vacancies shows that companies usually ask for around 5 to 7 years of work experience to become a Branch Manager.

Does a Branch Manager earn a good salary in India?

Yes, the salary of a Branch Manager is quite good as compared to many other career opportunities in India. For eg. the average salary of a Bank Branch Manager is around Rs. 8 lakhs with senior-level salaries easily exceeding Rs. 10 lakhs to Rs. 15 lakhs.

Is Branch Manager a good career?

Yes, Branch Managers have supervisory and administrative responsibilities of a particular Branch, which means they can take key decisions for their branch. Plus, they usually are provided with many perks and may even be eligible for bonuses if their branch does well.

Which types of companies hire Branch Managers?

Branch Managers are hired by companies, organisations or agencies that distribute their products or services through various outlets. These may include financial service providers such as banks, retail outlets, educational institutions etc.

What educational qualifications are required to become a Branch Manager?

Branch Managers must be at least UG degree holders in their relevant stream or in fields such as general management, finance, business administration, accounts etc.

How can I become a Branch Manager?

In order to become a Branch Manager, a candidate is required to gain work experience for their relevant industry and gradually climb up to the post. In many organisations such as some banks, candidates are required to be promoted from junior positions to the post of Branch Managers. Candidates may even be required to take written exams or appear for interviews for the same.

What responsibilities does a Branch Manager have?

Branch Managers have to fulfil a wide range of responsibilities including staff management, financial planning, ensuring efficient customer service, inventory control, sales management and growth etc.

Who is a Branch Manager?

A Branch Manager is a person who is responsible for managing a particular outlet of an organisation. He/she can be considered to be the highest authority in that particular outlet.

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