The purpose of this study is to identify managerial competencies at middle management level in Indonesian banking industry. The study was conducted by using sequential explanatory strategy on the mixed method approach. The results show that there are eight more dominant managerial competencies (often used and essential) for middle managers in banking sector, namely the competency of analytical thinking, developing others, impact and influence, team leadership, expertise/specialized knowledge, teamwork, achievement orientation, and conceptual thinking. However, there are three key competencies for middle managers in the banking sector that can affect the quality of their performance, namely the competency of developing others, impact and influence, and team leadership. The results of this identification can be used as a framework in developing competency models in Indonesian banking industry, and presents perspectives and methods that provide further support and expansion in competency studies.