Branch Manager Salary: Many of the students choose the stream of commerce after the 10th standard. And after selecting the stream of commerce, many career options come out in front of them. But, out of many career options, if I suggest one career option, it is that of “Branch Manager”.
As soon as we hear the name of the Branch Manager, sectors related to Banking and Finance come to our mind. But let me tell you that a Branch Manager is a part of every business. Whether it is Retail, Education Industry, or any business, there is a Branch Manager for every Business and Industry.
A branch manager is a person who works to handle the branches of a company. There are many responsibilities of a Branch Manager, out of which I will tell you a little bit of responsibility. Also Read: Bank Jobs vs IT Jobs, Which is Better, Full Comparison 2022
Responsibilities Of A Branch Manager:
The Branch Manager is responsible for supervising the day-to-day operations in the branch of the company. The branch manager has to handle the company’s staff, take their meetings, and provide them with operations instructions.
The branch manager also has the responsibility of providing proper customer service to all those customers who are coming to the Branch of the company. The Branch Manager also has the task of taking action on the complaints received from the customers.
The Branch Manager’s job is to advance the branch of the company as much as possible. Along with motivating the staff, supervising the operations, training the staff, and telling the staff their responsibilities, many such tasks are done by the Branch Manager.
What We Are Going to Learn About Branch Manager?
Just now I told you about the work of the Branch Manager. Apart from this, I will tell you about the Branch Manager’s Salary and his job positions. I will also tell you which course will you have to do to become a Branch Manager?
How much will be the Fee for doing that course? And what will be your lifestyle after completing the course? So let’s know about all these things. Also Read: How to Start Cold Storage Business in India in 2022
Branch Manager Jobs in India
First of all, let us know that after becoming a Branch Manager, where you can work. After becoming a Branch Manager, you can work in a Bank, work in Finserv Companies, work as a Financial Consultant, and work in Health Care Centers.
You can work inside consultancy companies, work in a retail shop, work in electronic stores, as well as work in educational industries. In this way, there are more than thousands of industries where you can set up your career.
If you want to become a Branch Manager of a Bank, then you can set up your life by becoming a Branch Manager in banks like State Bank of India, IDBI Bank, Kotak Mahindra Bank, HDFC Bank, ICICI Bank, IndusInd Bank, Dena Bank, etc.
Branch Manager Salary Per Month
If we talk about the Salary of a Branch Manager, then the Branch Manager gets a package of 8 to 9 Lakhs Rupees every year. That is, if you calculate the salary every month, it is 70,000 to 75,000 Rupees.
After becoming a successful branch manager, you will get a salary of 70,000 to 75,000 Rupees per month. Also Read: How to Start EV Charging Stations Business in India 2022?
Courses Required to be a Branch Manager in India
Now let us know which course we have to do to become a Branch Manager, what kind of education will have to be taken, and how much will be the Fee for doing that course? Various courses are available in the market to become a Branch Manager.
In the name of the Branch Manager, “Manager” is written, from this, you can guess that this is a Management post. Many courses related to Management are available in the market. Also Read: Top 4 Best Cultivation Business Ideas to Start
Here’s the List of Courses to become a Branch Manager in India:
- Bachelor of Business Administration
- BBA in Finance
- Bachelor of Accounting and Finance (BAF)
- B.com in Taxation and Finance course
- M.com in Finance course
- MBA in Finance Management, etc.
In this way, many courses are available in the market. By doing any one of these courses, you can get a job in the post of a Branch Manager.
To do these courses, you have to pass your 12th from the stream of Arts, Commerce, or Science. After passing out 12th, you have to complete any one of these courses.
To get a job in a Branch Manager post, you should have a bachelor’s degree in business. All the courses mentioned here are of about 3 years duration. Also Read: 5 New Best Business Ideas with Low Investment 2022
Fee Required for Business Management Courses in India
If we talk about the fees, then for doing the course of Bachelor of Business Administration, the fee ranges from 1.5 lakh to 2.5 lakh rupees. These fees may vary according to the college. This fee is for the entire course and not annually.
If you do a BBA in Finance course, then you will have to pay a fee of around 3 to 4 lakhs. If you do the course of B.Com in Taxation and Finance, then approximately you will have to pay a fee of ₹ 15,000 to ₹ 3 lakh. Also Read: Top 3 Best Toy Manufacturing Business Idea for Villagers
If you do an M.Com in Finance course after graduation, then you will have to pay a fee of about 1 lakh to 1.5 lakh rupees. If you do a Bachelor of Accounting and Finance course, then you will have to pay a fee of about ₹ 2 lakh. And if you do an MBA course, then the fee depends on the college, which ranges from around ₹ 2 lakh to ₹ 5 lakh.
Skills Required for a Branch Manager Job
And most importantly, after completing the course, you do not get a Branch Manager Job immediately. You have to be fit to get the job. This means you have to develop skills. And the required skills for a Branch Manager Job are:
- You should have organization skills
- Team Management skills
- Verbal and Writing Communication skills
- Problem-Solving Attitude
- Critical Thinking
- And more such skills you should have in yourself.
You have to develop inside. If you get a degree in business or management, and you do not have an understanding of Business Management, then no company will give you a job.
Therefore, it must be kept in mind that along with a degree in Business Management, you must also have skills. Also Read: How to Start Digital Marketing Business Online 2022?
How To Apply For A Branch Manager Job?
If your Business Management Course is completed and you feel that you are ready to become a Branch Manager, then you can apply for jobs in big companies. You can take the help of websites like “Naukri.com” to apply for jobs.
After the completion of the course, immediately no company will put you in the post of a Branch Manager. You have to take a minimum of 4 to 5 years of experience within that company, or in any other company. Only then can you get a job in a big post like Branch Manager.
I hope that you have liked and understood the information given by me. From the salary of a Branch Manager to getting this job, I have given you the information. So, share this information with your friends and family as well. Also Read: What is Metaverse, How it Works, Pros & Cons