If you enjoy responsibility, organization and leading a team, you could thrive as a branch manager. In this role, you will be responsible for all aspects of running a single branch within an organization. This includes the day-to-day running of the branch and staffing decisions.
As a branch manager, you will be responsible for a range of things to do with the daily running of your branch, including things like hiring, training, and supervising staff. You will come up with strategies to improve the performance of your branch. Your role will usually involve some degree of coordination with other areas of the organization, either through collaboration with other branches or by implementing company-wide policies.
Generally speaking, a branch manager will work regular business hours: Monday to Friday, 9 am to 5 pm. However, the true nature of your hours will depend on the organization in which you are working. For example, a branch manager for a bank can probably rely on their hours being stable and within standard business hours, whereas a branch manager for a retail outlet may need to work later in the day or on weekends. As a manager, you will need to occasionally work overtime, though you can mitigate the amount of overtime with good planning, organization, and delegation.
While you shouldn't have any problem with straightforward interview questions, several open-ended questions are common when being interviewed for a branch manager role. It will help if you put a little thought into how you might answer some of these questions before your interview. Such questions might include:
Your cover letter and resume should be professionally put together and include all the basic information your future employer needs to decide whether to interview you or not. Remember, they'll probably be considering several candidates; if you don't give them enough information at this stage, they may simply move on.
Your cover letter should expand on some of the more impressive elements in your resume, such as highlights in your work experience or academic career, as well as any awards you might have received. Also try and touch on why you think you would be a good addition to the company. In your resume, be sure to include the following elements;
The job outlook for branch managers is not as positive as it might have looked a decade ago. Most branch manager roles are in banks and other financial institutions, such as building societies. Unfortunately, those institutions are increasingly moving away from local branches and relying more on online banking, meaning the demand for branch managers has declined over recent years. On a more positive note, the turnover for branch managers is relatively high, as people in this role tend to move on regularly to other jobs, so there are still plenty of jobs on the market. In general, however, being a branch manager should be considered a valuable experience on the way to other roles rather than a lifelong career.
The role of a branch manager is essentially the same across the board, with the only variation coming from the type of organization. Here are the most common types of branch manager roles you are likely to find on the job market:
A typical branch manager will earn around $68,000 per year from an hourly rate of $35. This is almost exactly the national average in Canada. However, less experienced or less senior branch managers will earn closer to $45,000 per year, while the most experienced branch managers can earn as much as $100,000 per year. You should note that many branch managers eventually move on to other roles, which means the number of branch managers reaching that $100,000 per year high is relatively small.
Top paying areas for branch managers in Canada include: Alberta, Saskatchewan, and Ontario.
The basic function of a branch manager is to ensure that their branch fulfils its purpose, that the staff working there carry out their duties and that nothing untoward happens that might affect the company. Some of the specific duties and responsibilities include:
Branch managers almost exclusively work indoors in a climate-controlled space, such as an office, retail outlet, or front desk. There are exceptions to this rule, however. For example, if you become a branch manager for a company in a more industrial setting, such as a lumber merchant, you may find that much of your work takes place in a more industrial setting, such as a warehouse. However, you will almost certainly have a separate office space to work from, even in these situations.
Because a branch manager is a role that requires leadership, you will need a basic level of competence in many different skills. The ability to manage your staff is perhaps the most important. Here are some of the skills you will need in this role:
Given that this is a leadership position, it is highly unlikely that you will be able to get hired as a branch manager without several years of experience working within the industry your potential employer operates in. This should include some supervisory experience. Additionally, some larger companies, particularly financial institutions, will require you to have a master's degree in a relevant topic, such as business administration, finance, or management sciences.
Below are some of the most commonly asked questions about branch manager jobs.
You will need to have several years of experience in the industry in which you hope to become a branch manager, and this experience should include supervisory roles. Also, depending on the organization you plan to work for, you may need a master's degree in something like business administration or a similar subject. This is likely to be the case for any financial institution, where government regulations are a significant factor.
Job services are hardly in short supply across Canada, so it's not difficult to currently find new branch manager vacancies. Randstad regularly has new vacancies posted on our branch manager job seekers page, along with many related roles. If you're interested, head on over there and start searching for your new role.
When you have found a branch manager job that you would like to apply for on Randstad, simply sign up for a new account (or log in to your existing one) and apply for the job. It's that simple!
Depending on the most convenient methods for you personally, you can phone companies regarding job vacancies, check newspaper listings and job boards, and use the internet. Companies often list job vacancies on their websites and social media accounts, so it's never been easier to keep track of them. You can also be among the first to learn about new branch manager vacancies on Randstad by signing up for our newsletter.
A branch manager is a person who works in a local branch of an organization—often a bank or other financial institution—overseeing the running of the branch. They will handle things like staffing matters, promotional campaigns, and ensuring the branch meets its set performance targets.
A branch manager in Canada can earn a salary roughly in line with the Canadian national average - around $68,000 per year. The wider scale of pay for this role starts at $45,000 and can go as high as $100,000 per year.
The specific hierarchy of organizations differs widely, but, in general, a branch manager works under a regional manager. The regional manager oversees a group of branches in that region.