Years of Experience
Those with one to four years of experience at the company can expect to make $48K per year on average. Broken down by tenure, the largest share of Fifth Third Bancorp employees (33 percent) have five to nine years of experience and earn $53K annually on average.
Earning around $90K per year on average, Finance Managers receive the most money, followed by Senior Finance Managers (approximately $84K), Banking Branch Managers ($65K), and Portfolio Managers (about $62K). On the lower end are Personal Bankers at approximately $37K on average.
When it comes to location, the highest average paycheck ($106K annually) can be spotted in Detroit, Mich.; Nashville, Tenn. ($81K), Cleveland, Ohio ($74K), and Columbus, Ohio (about $71K) are the next top-paying cities. At around $59K, Chicago, Ill. is home to some of the lowest pay in the country. By state, Fifth Third Bancorp pays its Florida employees the most; the pay rate there is about $75K per year.
Certifications and Degrees
Licensed Lawyers are compensated at a much higher rate than non-authorized workers, bringing in close to approximately $110K annually. Bigger paychecks are awarded to Project Management Professionals with credentials; these people earn $100K per year on average. Employees who have a Master of Business Administration (MBA) make the most here, hauling in $140K annually.
Employees who count Financial Analysis among their skills enjoy higher pay; the median for this group is $83K per year. A common skill in Fifth Third Bancorp's work force is Sales; roughly a fifth of survey participants report using it on the job. Employees also tend to know Sales Management, Microsoft Excel, and Customer Service.
Benefits and Perks
Company compensation for vacation days and sick leave is awarded to only 31 percent. A 401(k) program is available, and the vast majority of employees use it to save for retirement. Health insurance is part of the package for a large number of survey participants, and for a strong majority of respondents, dental coverage is too. Some other perks are a stock purchase plan, life insurance, tuition reimbursement, and a casual working environment.