When it comes to location, the highest average paycheck (around $90K annually) can be spotted in Cleveland, Ohio; Gurnee, Ill. (approximately $82K), Chicago, Ill. ($74K), and the company's headquarter city of Cincinnati, Ohio ($66K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Evansville, Ind. — at $40K, salaries are some of the lowest in the country. By state, the highest pay levels are found in Illinois, where the average Fifth Third Bancorp employee makes about $80K per year.
Years of Experience
Those who have five to nine years of work experience see average salaries of $66K annually. The greater proportion of employees (36 percent) report one to four years of experience and bring home median pay of approximately $55K per year.
Senior Business Analysts are awarded the highest paychecks, with compensation nearing $76K annually on average; Senior Financial Analysts are next on the list, bringing in close to about $73K, followed by Quantitative Analysts earning around $72K and Financial Center Managers making $62K. Earning only about $38K on average, Personal Bankers make less than most people in the company.
Certifications and Degrees
Chartered Financial Analysts are compensated at a much higher rate than non-authorized workers, bringing in close to approximately $149K per year. Acquiring certification to be a Certified Six Sigma Black Belt is rewarded with median pay of $95K annually. It pays to have a Master of Science (MS) at Fifth Third Bancorp — these employees make the most at around $79K per year.
The highest-paying skill to have may be Customer Relationship Management; employees who claim proficiency also report a higher average salary of $71K annually. Data Analysis is a popular skill among Fifth Third Bancorp workers, with a little less than one-fifth of those surveyed reporting using it on the job. Sales, Microsoft Excel, and Financial Analysis were also reported by many survey participants.
Benefits and Perks
Merely 38 percent at Fifth Third Bancorp earn paid vacation and paid sick time. Most employees take advantage of the 401(k) plan that Fifth Third Bancorp sponsors. At Fifth Third Bancorp, a large number of respondents have health insurance, and a large number of workers have dental coverage. The company also dishes out perks such as a stock purchase plan, life insurance, tuition reimbursement, and optional telecommute / work from home.