When it comes to location, the highest average paycheck ($103K annually) can be spotted in Southfield, Mich.; Nashville, Tenn. ($81K), Columbus, Ohio (around $71K), and the company's headquarter city of Cincinnati, Ohio (approximately $61K) are the next top-paying cities. High paychecks are not found in Louisville, Ky.; in fact, at $22K it is one of the worst-paid cities. The highest pay by state can be found in Tennessee, where salaries average out at about $81K per year.
Years of Experience
Workers who have been with the company for more than one year but less than five can make around $48K annually on average. Broken down by tenure, the largest share of Fifth Third Bancorp employees (32 percent) have five to nine years of experience and earn $52K per year on average.
Nearing the top of the pay scale are Finance Managers, Senior Finance Managers, Credit Risk Analysts, and Financial Center Managers; while the first receives the highest median pay at about $90K annually, the other salaries come in at $84K, $51K, and approximately $50K, respectively. With salaries averaging about $35K, Senior Personal Bankers are among the lowest paid at Fifth Third Bancorp.
Certifications and Degrees
Licensed Lawyers receive bigger paychecks (approximately $110K per year) than those without credentials. Becoming an Uniform Combined State Law Holder can certainly pay off here; those folks make $94K on average. Fifth Third Bancorp compensates Master of Business Administration (MBA)-holders the most at $140K annually.
The best-paying skill to have in this role appears to be Financial Analysis; employees who claim this ability report median compensation of around $85K per year. A skill that is commonly seen around here is Sales; around one in five deem it necessary for work. Key skills also include Microsoft Excel, Customer Service, and Sales Management.
Benefits and Perks
The company is somewhat lacking in the benefits department, and only 31 percent report compensation for sick days and vacation time. The vast majority of employees take advantage of the 401(k) plan that Fifth Third Bancorp sponsors. At Fifth Third Bancorp, a strong majority of survey participants have health insurance, and a solid majority of employees have dental coverage. Privileges also include a stock purchase plan, life insurance, tuition reimbursement, and a casual working environment.