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What does a Banking Manager earn?
Banking Managers typically earn an average salary of £42,100 per year in the UK. Banking Managers play an essential role in running the operations of a bank. They are responsible for leading teams, developing strategies and overseeing the allocation of funds to create a successful financial institution. Furthermore, the banking manager ensures that regulations are being complied with and provides advice to the staff and clients.
How to earn more as a Banking Manager
If you want to become a Banking Manager, you should aim to get a degree in banking, finance, or economics. You might even consider a degree apprenticeship. If you have the ambition and drive, you can increase your earnings by specialising in a certain area or managing a team within a banking team. There is also the option of becoming self-employed or founding your own banking business. The most highly-paid Banking Managers earn over £104,400 a year.
Min: £23,576.00 Max: £104,400.00
Average Banking Manager Salary in UK : £42,137.08
Read about Banking Manager salaries, related jobs and salary information across the UK
Banking Manager Salary data from the ONS
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Median
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Age Group
Recommended Banking Manager Jobs in UK
Average Salary for Banking Manager compared to similar jobs
Related Jobs
View salaries for similar jobs.
| Job Title | UK Average |
|---|---|
| Brokerage Clerk Salary in UK | £20,320.60 |
| Cashier Salary in UK | £22,758.25 |
| Banker Salary in UK | £24,451.41 |
| Settlement Clerk Salary in UK | £24,890.08 |
| Teller Salary in UK | £25,738.89 |
| Relationship Banker Salary in UK | £31,281.27 |
| Assessor Salary in UK | £32,868.44 |
| Broker Salary in UK | £40,366.49 |
| Bank Manager Salary in UK | £46,366.44 |
| Trader Salary in UK | £47,173.94 |
| Wealth Management Salary in UK | £53,711.29 |
| Statement Clerk Salary in UK | £77,882.11 |
Salary by Region
Compare Banking Manager salaries across different regions
| Region | Salary |
|---|---|
| Scotland | £36,354.87 |
| Wales | £30,742.04 |
| Northern Ireland | £32,626.18 |
| East Midlands | £32,653.04 |
| Eastern | £30,762.75 |
| London | £60,848.51 |
| North East | £27,324.33 |
| North West | £29,941.48 |
| South East | £31,974.06 |
| South West | £32,245.59 |
| West Midlands | £28,700.79 |
| Yorkshire and the Humber | £32,302.46 |
Annual Job Ads by Region
Understanding the Average Banking Manager Salary in the UK
As a Banking Manager in the UK, it's important to have a clear understanding of the average salary in the industry. According to average Banking and Insurance salaries, the average salary for a Banking Manager in the UK is £42,100 per year. This figure can vary depending on factors such as location, experience, and the size of the bank.
Salary Expectations for Newly Qualified Banking Manager
If you're a newly qualified Banking Manager, it's natural to be curious about the salary expectations for your role. To get a better idea of what you can expect, you can explore the job market through a job search platform. This will give you insights into the current salary ranges for Banking Managers in the UK.
Salaries for Experienced Banking Manager
For experienced Banking Managers, the salary range tends to be higher than that of newly qualified professionals. With a proven track record and extensive knowledge in the field, you can expect to earn a salary within the range of £23,600 to £104,400 per year. This range can vary depending on factors such as your level of experience, the size of the bank, and your location.
Creating a Banking Manager CV
When applying for a Banking Manager position, it's crucial to have a well-crafted CV that highlights your skills and experience. To make this process easier, you can use a CV template specifically designed for Banking Managers. This template will guide you in showcasing your qualifications and achievements in a professional and concise manner.
Career Development Opportunities for Banking Manager
As a Banking Manager, there are various career development opportunities available to help you progress in your field. Whether it's pursuing additional certifications, attending industry conferences, or taking on leadership roles within your organization, there are many ways to advance your career. For more guidance on how to become a successful Banking Manager, you can explore career advice tailored specifically for this role.
Comprehensive Compensation for Banking Manager
Aside from the base salary, Banking Managers often receive comprehensive compensation packages that include benefits such as bonuses, pension plans, healthcare coverage, and paid time off. These additional perks contribute to the overall value of the position and can significantly enhance your financial well-being.
Strategies for Increasing Your Salary as a Banking Manager
If you're looking to increase your salary as a Banking Manager, there are several strategies you can employ. These include consistently exceeding performance targets, taking on additional responsibilities, pursuing professional development opportunities, and actively seeking promotions within your organization. By demonstrating your value and continuously improving your skills, you can position yourself for higher earning potential.
Professional Development and Earnings
Investing in your professional development as a Banking Manager can have a direct impact on your earnings. By staying up-to-date with industry trends, acquiring new skills, and expanding your network, you can enhance your value as a professional. This, in turn, can lead to increased opportunities for career advancement and higher salaries.
Capitalising on Extra Hours and Duties
As a Banking Manager, there may be times when you're required to work extra hours or take on additional duties. While this can be demanding, it's important to recognize that these efforts can contribute to your overall compensation. Many banks offer overtime pay or bonuses for working beyond regular hours, providing you with the opportunity to further increase your earnings.
