Senior Portfolio Managers represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at approximately $131K annually — though Senior Business Analysts, Senior Financial Analysts, and Financial Center Managers also do fairly well at $76K, $73K, and about $62K, respectively. Personal Bankers are among the lowest paid at a median salary of around $38K.
When it comes to location, the highest average paycheck ($90K per year) can be spotted in Cleveland, Ohio; the company's headquarter city of Cincinnati, Ohio (approximately $64K), Louisville, Ky. (around $60K), and Chicago, Ill. ($59K) are the next top-paying cities. High paychecks are not found in Evansville, Ind.; in fact, at $40K it is one of the worst-paid cities. Across Fifth Third Bancorp's U.S. offices, employees in the state of Illinois earn the most, taking home about $74K annually.
Years of Experience
Respondents who have been working for five to nine years make $61K per year on average. The greater proportion of employees (37 percent) report one to four years of experience and bring home median pay of $55K annually.
Certifications and Degrees
Chartered Financial Analysts receive bigger paychecks (about $149K per year) than those without credentials. Earning a FINRA Series 7 General Securities Representative certification garners significant financial rewards of $110K annually on average. Regarding salaries and education, Fifth Third Bancorp pays those with a B.A. in Bachelor of Arts (BA) the most — $62K.
In this role, the best-paying skill appears to be Data Analysis; individuals who claim it among their capabilities enjoy a higher median salary of approximately $67K per year. A common skill in Fifth Third Bancorp's work force is Sales; just under one in five of survey participants report using it on the job. Employees also tend to know Microsoft Excel, Financial Analysis, and Project Management.
Benefits and Perks
Paid time off is in short supply here, with only 38 percent receiving paid vacation and 28 percent receiving paid sick days. To plan for old age, most employees maintain savings accounts through the company's 401(k) plan. At Fifth Third Bancorp, almost all survey participants have health insurance, and almost all workers have dental coverage. Perks also include a stock purchase plan, life insurance, tuition reimbursement, and flexible hours.