Find Schools

Study Area & Zipcode

Branch or Department Financial Manager

Find Schools Near

What Do Branch or Department Financial Manager Do?

Career Description Direct and coordinate financial activities of workers in a branch, office, or department of an establishment, such as branch bank, brokerage firm, risk and insurance department, or credit department.

What Do Branch or Department Financial Managers Do On a Daily Basis?

  • Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
  • Network within communities to find and attract new business.
  • Examine, evaluate, or process loan applications.
  • Oversee the flow of cash or financial instruments.
  • Plan, direct, and coordinate risk and insurance programs of establishments to control risks and losses.
  • Direct insurance negotiations, select insurance brokers or carriers, and place insurance.

Branch or Department Financial Manager Required Skills

Below is a list of the skills most Branch or Department Financial Managers say are important on the job.

Reading Comprehension: Understanding written sentences and paragraphs in work related documents.

Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Monitoring: Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.

Speaking: Talking to others to convey information effectively.

Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Other Branch or Department Financial Manager Job Titles

  • Cost Accounting Manager
  • Service Center Manager
  • Trust Officer
  • Risk Management Director
  • Bank Operations Officer

Is There Going to be Demand for Branch or Department Financial Managers?

In 2016, there was an estimated number of 580,400 jobs in the United States for Branch or Department Financial Manager. New jobs are being produced at a rate of 18.7% which is above the national average. The Bureau of Labor Statistics predicts 108,600 new jobs for Branch or Department Financial Manager by 2026. There will be an estimated 56,900 positions for Branch or Department Financial Manager per year.

undefined

The states with the most job growth for Branch or Department Financial Manager are Utah, Nevada, and Arizona. Watch out if you plan on working in Alaska, Maryland, or District of Columbia. These states have the worst job growth for this type of profession.

Branch or Department Financial Manager Salary

The typical yearly salary for Branch or Department Financial Managers is somewhere between $67,620 and $208,000.

undefined

Branch or Department Financial Managers who work in New York, New Jersey, or Delaware, make the highest salaries.

How much do Branch or Department Financial Managers make in each U.S. state?

State Annual Mean Salary
Alabama $128,690
Alaska $110,010
Arizona $117,620
Arkansas $106,530
California $157,480
Colorado $163,740
Connecticut $167,160
Delaware $167,110
District of Columbia $166,710
Florida $132,850
Georgia $145,920
Hawaii $118,740
Idaho $95,690
Illinois $144,680
Indiana $119,820
Iowa $114,620
Kansas $129,660
Kentucky $114,420
Louisiana $106,950
Maine $119,080
Maryland $152,180
Massachusetts $148,300
Michigan $128,270
Minnesota $133,970
Mississippi $101,840
Missouri $136,520
Montana $109,940
Nebraska $113,910
Nevada $123,890
New Hampshire $124,700
New Jersey $175,880
New Mexico $104,790
New York $210,510
North Carolina $149,710
North Dakota $123,890
Ohio $135,610
Oklahoma $111,700
Oregon $118,680
Pennsylvania $156,730
Rhode Island $145,120
South Carolina $125,710
South Dakota $132,030
Tennessee $111,460
Texas $149,990
Utah $110,750
Vermont $113,610
Virginia $164,030
Washington $136,480
West Virginia $102,670
Wisconsin $134,850
Wyoming $116,920

What Tools do Branch or Department Financial Managers Use?

Below is a list of the types of tools and technologies that Branch or Department Financial Managers may use on a daily basis:

  • Microsoft Excel
  • Microsoft Word
  • Microsoft Office
  • Microsoft PowerPoint
  • Microsoft Outlook
  • Microsoft Access
  • Data entry software
  • Word processing software
  • SAP
  • Microsoft Windows
  • Microsoft Project
  • Microsoft SharePoint
  • Microsoft Visio
  • Structured query language SQL
  • SAS
  • Microsoft Dynamics
  • IBM Notes
  • Microsoft Visual Basic
  • FileMaker Pro
  • IBM SPSS Statistics

How to Become a Branch or Department Financial Manager

What education is needed to be a Branch or Department Financial Manager?

undefined

What work experience do I need to become a Branch or Department Financial Manager?

undefined

Where do Branch or Department Financial Managers Work?

undefined

The table below shows the approximate number of Branch or Department Financial Managers employed by various industries.

undefined

Other Jobs You May be Interested In

Are you already one of the many Branch or Department Financial Manager in the United States? If you’re thinking about changing careers, these fields are worth exploring:

References:

Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic

More about our data sources and methodologies.

Featured Schools

Find Schools Near You

Our free school finder matches students with accredited colleges across the U.S.