BFSI Sector
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Bank Manager

Introduction

A Bank manager is the one responsible for ensuring the general smooth operation of the branch or branches they are supposed to manage. The Bank Manager works towards acquiring more customers in order to raise revenue for the Organisation. The Bank Manager monitors the staff to see if they are working efficiently and assist the staff if required and helps them with the complexities of processes. The Bank Manager communicates directly with the staff and the customers to guarantee customer satisfaction and the higher officials of the company and various agencies and organizations in the related industry to maintain the efficiency of the processes.

The Job of a Bank Manager is very lucrative as it is an administration level role and the banking and finance sector is also booming. With many reforms in banking and finance systems, there is a lot of career potential in this industry.

Do You Want to be a Bank Manager?

To build a career as a Bank Manager you need to first understand the Job profile and responsibility of the job

This blog gives you a detailed idea of what it is to become a Bank Manager in the Banking Industry of India.

Job Description

Similar to a Branch manager the Bank manager is also required to oversee the daily working of Bank Branches however The Bank manager may have to oversee not just a single branch but a number of branches. The Bank manager is tasked with bringing in new clients and increasing profits for the company. But other than this core aspect of the job there are many different responsibilities which can include, developing goals, pursuing and achieving them, keeping a staff that is constantly motivated to work harder and maintaining the good name of the banking organisation they are working for, with happy, satisfied customers.

Bank Branch Managers are required to deal with customer complaints and resolve them as soon as possible to have happy customers and stay ahead of the competition. Other tasks include creating and analysing management information and reports for top management, as well as work closely with development agencies and local chambers of commerce.

Good Knowledge about the economy is also important to set good interest prices and loan offers and They need to develop financial objectives and business plans accordingly.

Eligibility

The Bank Manager requires to have a Three year college degree with majoring in business, banking or finance preferred, such as a Bachelor of Commerce (B Com), Bachelor of Banking and Finance (BAF), Bachelor of Management Studies (BMS) etc.

If you want to have a good chance of working in a reputed organisation, A master’s degree is recommendable, such as a Master of Commerce (M. Com) or MBA in Banking and Finance, However, it is important that the Bank Manager possess at least 2 years of experience in the banking industry in a managerial position or as an Assistant Manager.

Skills Required

1. Problem-solving Skills

The Bank Manager has to oversee all the day to day work of the Bank Branches as well as ensure customer satisfaction. There can be many problems that arise in a bank such as, if the ATM machines are not working, the transaction websites are down, etc. The Bank Manager must be ready for any situation and be able to solve the problems as easily as possible.

2. Management Skills

Similar to any other management level occupation, The Bank manager requires to have a good set of management skills, which will help them oversee the day to day work smoothly.

3. Multi-tasking Skills

The Bank manager has to make plans, set goals, handle day to day work, oversee the employees and make sure all the customers are getting the best possible treatment. There is more to the job of a Bank manager than these, hence, they need to be highly efficient in multi-tasking.

4. Communication and People Skills

The Fitness trainer must know how to motivate the clients and help them push harder so that they can achieve their desired physic and fulfil their goals. Sometimes the client may feel tired or uninterested, it is the job of a Physical Fitness instructor to motivate them for a physical workout.

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Work Environment and Schedule

The Bank Manager has to work through the weekdays, mostly it is Monday to Friday however some banks require their employees to work on certain Saturdays as well.

The Timing of their job depends upon the bank they are working for, They typically from nine to five or during banking hours. The Bank managers mostly have a private air-conditioned office to work from and the work scene revolves around conference meetings with customers and clients as well as top management.

Salary package

The Average Salary for a Bank Manager in India can range somewhere between 8 Lakh to 10 lakh INR per annum.

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BFSI Sector
Skill India Sector Blogs

Bank Manager