Bank manager
Career outlook for bank manager
UK Salary Ranges
Entry-level
£24,000
£24,000
Experienced
£55,000
£55,000
Currently employed in Scotland
3,000
Salary information is provided by the "National Careers Service". "Oxford Economics" supplies job forecasts and employment figures. Due to COVID-19 the jobs market is constantly changing. Some of the information may not reflect the current situation.
What's it like?
You would run a branch of a bank or building society and lead the team of customer advisers.
You’d make sure that people who come into the branch to manage their money get a good service. Your team would advise them about the best options for them and their circumstances.
You’d attract new customers and increase the sales of your bank’s financial products and services. These could include savings schemes, mortgages, loans, insurance and credit cards.
You would:
- Understand the needs of individual and business customers
- Develop a business plan for your branch
- Oversee sales targets and budgets and produce figures and reports
- Assess the risks of lending money to customers
- Tell your team about business, marketing and sales plans and explain how to make them work
- Motivate your staff to meet the sales targets
- Maintain the brand image and corporate policies
- Take responsibility for staff supervision and training
- Make sure that staff follow rules and procedures to prevent fraud
- Deal with any customer complaints
- Go to meetings and conferences
- Promote the bank’s services in the local community
You might run one or several retail (high street) branches.
You would need a thorough understanding of financial product regulations and the legal aspects of banking.
Working conditions
Hours
Environment
Travel
UK employment status
Full-time
88%
Part-time
7%
Self employed
5%
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Find a jobTop skills
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- Building relationships
- Verbal communication
- Written communication
- Problem solving
- Working with numbers
- Managing resources
- Delegating
- Making decisions
- Negotiating
- Taking responsibility
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Entry requirements for courses can change. Always contact the college, university or training provider to check exactly what you'll need.
Foundation Apprenticeships
Choosing a Foundation Apprenticeship as one of your subjects in S5 and S6 can help you get a head start with this type of job.
You'll get an SCQF level 6 qualification (the same level as a Higher) plus valuable work placement experience and skills you can't learn in a classroom.
Interested? Find out what's on offer at your school on Apprenticeships.scot.
Qualifications
An honours degree (SCQF level 10) at 2:1 or above for entry to most graduate training programmes. You can apply to this job with a degree in any subject (SCQF level 9/10) but business, economics, accounting, finance or management subjects are recommended.
Alternatively you can apply to a Technical Modern Appreticeship in Banking (SVQ level 4). To enter an apprenticeship usually requires National 4/5s and four to five Highers or equivalent qualifications such as an Higher National level (SCQF level 7/8).
Or you could enter from other jobs within a bank through internal promotion.
Useful subjects
- English (required by most courses and employers)
- Maths (required by most courses and employers)
- Accounts
- Economics
- Statistics
- Business
- ICT subjects