Head of department, bank salary

What does a Department Manager in a bank do?

As a Department Manager in a bank, you have a leadership role with responsibility for overseeing and directing a specific department within the bank. The job responsibilities include setting goals, leading teams, developing strategies to improve the department's performance, and ensuring customer satisfaction. A department manager is also responsible for managing budgets, analyzing financial reports, and ensuring that the department complies with laws and regulations.

Department Manager in a bank salary

According to the latest statistics, the average salary for a Department Manager in a bank is 44,200 SEK per month. There is a clear gender difference where men earn an average of 49 600 SEK while women earn 40 600 SEK. Women's salaries correspond to 82% of men's. The hourly wage for a part-time employee is 266 SEK.

Salary development over time

Salaries for Department Managers in the banking sector have increased from last year, when the average salary was 42 500 SEK, to this year's 44,200 SEK. The highest salary in the profession is 56,600 SEK and the lowest is 37,300 SEK.

Education and qualifications

To become a Department Manager in a bank, a post-secondary education in economics, finance, or related subjects is usually required. Many hold a bachelor's degree and several years of experience in the banking sector before advancing to managerial positions.

Common benefits

Benefits for a Department Manager in a bank may include occupational pension, company healthcare, and sometimes bonuses based on performance. Opportunities for professional development and further education are also common.

Competition and challenges

According to the Employment Service, the opportunities for work as a bank officer, which includes Department Manager, are assessed as medium with a balanced recruitment situation. In the next five years, demand is expected to remain unchanged.

Key facts

• Average salary: 44,200 SEK/month
• Education: Post-secondary education in economics
• Work environment: Leadership and strategic role within the banking sector

Tips for those wanting to work in the profession

To be successful as a Department Manager in a bank, it is important to stay updated on financial trends and regulations. Building a strong network within the industry can also be crucial. Further education and demonstrating leadership skills can help advance your career.

Career paths

After several years of experience as a Department Manager, there are opportunities to advance to higher management positions within the bank, such as regional manager or director.

Future prospects and demand

The future prospects for Department Managers in banks are stable with medium job opportunities and unchanged demand according to the Employment Service.

Frequently asked questions about Department Manager in a bank

• What does a Department Manager in a bank earn? The average salary is 44,200 SEK per month.
• How does one become a Department Manager in a bank? A post-secondary education in economics and experience in the banking sector is usually required.
• Is it easy to get a job? The opportunities are assessed as medium according to the Employment Service.
• Is it stressful to work as a Department Manager in a bank? The role can be stressful due to responsibilities and demands for results.
• What qualities are important as a Department Manager in a bank? Leadership, strategic thinking, and good communication skills are important qualities.