Financial Managers, Branch or Department

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.

Median Annual Wage: $115,320

Education: Bachelor's degree (50%); High school diploma or equivalent (17%); Master's degree (14%)

Projected Growth: Average (8% to 14%)

Related Job Titles: Branch Manager; Vice President; Banking Center Manager (BCM); Service Center Manager; Assistant Manager; Assistant Vice President (AVP); Banking Officer; Credit Administration Manager; Financial Center Manager; Regional Manager

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Source: O*NET OnLine information for Financial Managers, Branch or Department.

More Management Careers

  • Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
  • Recruit staff members.
  • Prepare operational or risk reports for management analysis.
  • Evaluate data pertaining to costs to plan budgets.
  • Oversee training programs.

Source: O*NET OnLine information for Financial Managers, Branch or Department.

  • 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.
  • 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.
  • 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.
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
  • Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.
  • Management of Personnel Resources - Motivating, developing, and directing people as they work, identifying the best people for the job.
  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

Source: O*NET OnLine information for Financial Managers, Branch or Department.

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