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Career and Education Opportunities for Banking Managers in Maryland

Maryland has a population of 5,699,478, which has grown by 7.61% in the last 10 years. Nicknamed the "Old Line State," its capital is Annapolis, though its biggest city is Baltimore.

There are currently 9,890 working banking managers in Maryland; this should grow 13% to about 11,180 working banking managers in the state by 2016. This is better than the national trend for banking managers, which sees this job pool growing by about 7.7% over the next eight years. In general, banking managers direct and coordinate financial activities of workers in a branch, office, or department of an establishment, such as branch bank, brokerage firm, risk and insurance department, or credit department.

A person working as a banking manager can expect to earn about $48 hourly or $100,250 per year on average in Maryland and about $47 hourly or $99,330 per year on average in the U.S. as a whole. Incomes for banking managers are not quite as good as in the overall category of Financial in Maryland, and better than the overall Financial category nationally. Jobs in this field include: financial institution assistant branch manager, electronic services vice president, and bank branch manager.

In 2008, there were a total of 3,471,985 jobs in Maryland. The average annual income was $48,164 in 2008, up from $46,922 in 2007. The unemployment rate in Maryland was 7.0% in 2009, which has grown by 2.6% since the previous year. About 31.4% of Maryland residents have college degrees, which is higher than the national average.

The top industries in Maryland include engineering services, radio broadcasting communications equipment manufacturing, and photofinishing. Notable tourist attractions include the Preservation Society, the Dorfman Museum Figures Inc, and the Baltimore Civil War Museum.

CITIES WITH Banking Manager OPPORTUNITIES IN Maryland


JOB DESCRIPTION: Banking Manager

In general, banking managers direct and coordinate financial activities of workers in a branch, office, or department of an establishment, such as branch bank, brokerage firm, risk and insurance department, or credit department.

Every day, banking managers are expected to be able to listen to and understand others in meetings. They need to articulate ideas and problems. It is also important that they read and understand documents and reports.

Similar jobs with educational opportunities in Maryland include:

  • Administrator. Plan, direct, or coordinate supportive services of an organization, such as recordkeeping, mail distribution, telephone operator/receptionist, and other office support services. May oversee facilities planning and maintenance and custodial operations.
  • Comptroller. Direct financial activities, such as planning, procurement, and investments for all or part of an organization.
  • Purchasing Manager. Plan, direct, or coordinate the activities of buyers, purchasing officers, and related workers involved in purchasing materials, products, and services.

LOCATION INFORMATION: Maryland

Maryland
Maryland photo by Abhijit Tembhekar

Maryland has a population of 5,699,478, which has grown by 7.61% in the last 10 years. Nicknamed the "Old Line State," its capital is Annapolis, though its largest city is Baltimore. In 2008, there were a total of 3,471,985 jobs in Maryland. The average annual income was $48,164 in 2008, up from $46,922 the preceding year. The unemployment rate in Maryland was 7.0% in 2009, which has grown by 2.6% since the previous year. Roughly 31.4% of Maryland residents have college degrees, which is higher than the national average.

The top industries in Maryland include engineering services, radio broadcasting communications equipment manufacturing, and photofinishing. Notable tourist attractions include the Dorfman Museum Figures Inc, the Baltimore Civil War Museum, and the National Park Service.