When it comes to location, the highest average paycheck ($106K annually) can be spotted in Detroit; Columbus (about $80K), Pittsburgh (approximately $69K), and Chicago (around $63K) are the next top-paying cities. At $22K, Louisville is home to some of the lowest pay in the country. By state, the highest pay levels are found in North Carolina, where the average Fifth Third Bancorp employee makes $106K per year.
Years of Experience
Those who have five to nine years of work experience see an average salaries of around $55K. When we consider tenure, a substantial portion of employees (31 percent) have been working for one to four years and make $50K annually.
Earning about $84K on average, Senior Finance Managers receive the most money, followed by Bank Managers ($64K), IT Business Analysts (approximately $64K), and Portfolio Managers ($60K). Earning only approximately $38K, Personal Bankers make less than most people in the company.
Certifications and Degrees
Uniform Combined State Law Holders earn around $93K, far more than their non-accredited counterparts. Bigger paychecks are awarded to National Association of Security Dealers , Series 6 Licenses with credentials; these people typically earn $62K per year. The best paid folks at Fifth Third Bancorp have a Master of Business Administration (MBA), Finance, earning $120K annually.
Employees who count Financial Analysis among their skills tend to enjoy higher pay; the median for this group is about $84K. A garden variety skill at Fifth Third Bancorp is Sales Management; nearly one in five of Fifth Third Bancorp's people use it regularly. A typical employee's toolkit also contains Sales, Customer Service, and Microsoft Excel.
Benefits and Perks
The company is somewhat lacking in the benefits department, and only 36 percent report compensation for sick days and vacation time. For employees looking to save up for their golden years, Fifth Third Bancorp provides an optional 401(k) plan, and almost all workers participate. Fifth Third Bancorp provides health insurance to a strong majority of workers, and a fair portion of workers do receive dental coverage. Additional benefits of working here are a stock purchase plan, life insurance, tuition reimbursement, and stock options.