Years of Experience
Workers who have been with the company for more than one year but less than five can make $48K per year on average. When we consider tenure, a substantial portion of employees (33 percent) have been working for five to nine years and make $53K annually on average.
Finance Managers are the best paid with the average salary hovering at approximately $90K per year; Senior Finance Managers, Banking Branch Managers, and Portfolio Managers also rank near the top of the list, pulling in about $84K, around $65K, and $62K, respectively. Earning only about $37K on average, Personal Bankers make less than most people in the company.
When it comes to location, the highest average paycheck ($106K annually) can be spotted in Detroit, Mich.; Nashville, Tenn. (around $81K), Cleveland, Ohio (approximately $74K), and Columbus, Ohio ($71K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Chicago, Ill. — at $59K, salaries are some of the lowest in the country. Pay rates in the United States are highest in the state of Florida, where they average to approximately $75K per year.
Certifications and Degrees
Licensed Lawyers are compensated at a much higher rate than non-authorized workers, bringing in close to $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.
The highest-paying skill in this position seems to be Financial Analysis; individuals who report it as part of the repertoire have a median income of around $83K per year. Sales is a popular skill among Fifth Third Bancorp workers, with about one in five of those surveyed reporting using it on the job. Many workers are also familiar with Sales Management, Microsoft Excel, and Customer Service.
Benefits and Perks
When it comes to employee benefits, Fifth Third Bancorp has room for improvement — only 31 percent are paid for vacation and sick time. A 401(k) program is available, and nearly all workers use it to save for retirement. Most employees have health insurance, and benefits for a strong majority of workers also include dental insurance. Employees can also look forward to a stock purchase plan, life insurance, tuition reimbursement, and a casual working environment.