All About UsAllAboutCareers is a social careers information website for everyone who wants to find out more about graduate schemes, apprenticeships, internships and other job-related shenanigans.
- Job Description
- Salary & Benefits
- Working Hours & Other Details
- Entry Route & Requirements
- Training & Progress
When we talk about bank managers, we’re not talking about the high-powered, million-pound-bonus-earning head honchos who run investment banks. In fact, we’re here to talk about the plucky chaps and chapettes who manage the banks you and I can stroll into on a daily basis (except on Sundays…grrr!).
Bank managers work in two main areas of the banking industry: retail banking and commercial banking.
Retail bank managers service the general public. The transactions they are involved in are facilitated in branches across the country. However, many retailing banking operations are now carried out over the phone and via the internet too.
Commercial bank managers, on the other hand, deal with small companies and medium-sized enterprises, and provide them with banking services which help them to manage and grow their businesses.
Across the board, bank managers provide services to facilitate a variety of financial transactions and help clients to take advantage of a range of financial products, such as loans, bank accounts (e.g. savings, current, overdraft, fixed/recurring deposits and trading accounts) and cash, cheque, electronic and card transactions (e.g. deposits, withdrawals and purchases).
These guys also advise customers on utilising idle liquid cash in their accounts to earn higher interest rates or make investments in products such as insurance, shares, bonds and mutual funds.
Bank managers act as the face of the organisation in their local community. They manage junior staff, serve customers in branch, over the phone and via the internet, set sales targets for lower level employees, manage the recruitment process and complete management reports and other paperwork as required.
You can find current vacancies on our Jobs page in the Banking, Finance and Accountancy sector.
Salary & Benefits
The average starting salaries for branch-based employees range between £14,000 and £21,000.
However, trainee bank managers recruited through graduate schemes are more likely to earn between £22,000 and £30,000.
As you progress through mid-level to senior management positions, you can earn anywhere between £30,000 and £150,000, depending upon the size of the bank and its network.
Working Hours & Other Details
You’ll be required to work the standard nine-to-five office hours, partly in a customer-facing role, partly in an administrative capacity.
However, you may sometimes be required to work on Saturdays. Understandably, you won’t be expected to work on ‘bank holidays’.
Entry Route & Requirements
Many candidates access this profession via a graduate scheme. This entry-route is open to candidates with degrees from all disciplines, not just people that have studied business or financial subjects.
These schemes, however, are rather competitive, so you will need a consistently strong academic background. Indeed, most successful candidates have at a least a 2.1.
School leavers and candidates with vocational qualifications from further education colleges can also develop a career in retail banking.
However, without a degree, it’s more likely that you’ll start in an entry-level customer service role and work your way up the career ladder.
Training & Progress
As part of a graduate scheme, you’ll receive formal training in the various banking systems, products, services and functions.
You’ll also receive practical training through structured rotations across various departments such as sales and marketing, customer service, operations, credit policy and risk management.
Opportunities for career progression are strictly based on merit and driven by performance, achievement of set targets, flexibility and your willingness to move.
Transfers to overseas offices and other branches are also common.
What’s going on?
- Where can I get work experience? 05-03-2014 @ 19:37
- The SEO article composing administrations will likewise be overall educated about the time it takes for a task to be finished. They will accordingly furnish you with a genuine evaluation of the t...
- Should I apply an international internship in NSC 28-02-2014 @ 23:49
- Very good information .... Thanks guy... _____________________________ ProPapersWriting...
- Legal Director 19-02-2014 @ 12:56
- ROLE PURPOSE To act as one of a team of Legal Directors, working in close collaboration with both the Office of the General Counsel and relevant directorate and project teams, to lead the delive...
- Where can I get work experience? 19-02-2014 @ 09:19
- Hi, What kind of work experience you want? You can search the local companies related to your degree, visit the companies, Meet the admin manager and submit your CV for internship. I got my first...
- Traditionally, front office staff are the folks in contact with the consumers or clients, whilst the back office staff are the people behind-the-scenes working in administrative or support roles....
- A Day in the Life of a Chartered Architectural Technologist 25-02-2013 @ 15:44
- My typical working week… As a Chartered Architectural Technologist (MCIAT), I will always have a varied day. I work a standard working week. My hours are 9am til 5.30pm, but I tend to...
- National Audit Office’s School Leaver Scheme: My Experience 14-02-2013 @ 17:26
- Accountancy school leavers’ programme or university? It was in my final year of college that I decided that I wanted to pursue a career in accountancy. I looked in to the options avai...
- Accountancy: Payroll Career Paths 14-02-2013 @ 11:22
- Accountancy is an incredibly varied profession with a large number of different roles available within the industry. Payroll is increasingly important for businesses; the majority of companies ...
- E-keeping money (Online Banking) and Its part in Today's Society 10-03-2014 @ 19:32
- The world is changing at a stunning rate and engineering is acknowledged to be the key driver for these progressions aroundus (Papers4you.com, 2006). An investigation of innovation and its uses d......
- What Is Thesis Theme 10-03-2014 @ 18:14
- in the event that you have an online journal website and you need to upgrade it or provide for it a cosmetic touch upregarding colors and fonts, then you will probably utilize the least difficult......
- The most effective method to Make Your Dissertation an Enjoyable Read 08-03-2014 @ 20:48
- Composing scholastic assignments isn't the most energizing point you will ever go over! In any case, your thesis does not have to be a "dry" read. Firstly, it is significant that y......
- Paper Writing Tips - 6 Steps to Writing a Great Essay 08-03-2014 @ 19:10
- Assuming that written work an exposition would appear to be an overwhelming background, then figuring out how to separate the methodology into various simple steps will provide for you the certai......
- Dairy Crest buys milk firm out of administration, ... 14-03-2013 @ 10:21
- Dairy Crest has bought specialist milk business Proper Welsh Milk out of administration, saving 40 jobs....
- Applications for £120m Govt funding pot open in s... 14-03-2013 @ 10:21
- The money is being made available through the Government’s Advanced Manufacturing Supply Chain Initiative to support research and development, skills training and capital investment in th...
- High Street fund 'barely touched'... 14-03-2013 @ 10:20
- A £10m government fund set up a year ago to help bring empty shops back into use has barely been touched, according to Freedom of Information requests seen by the BBC....