When it comes to location, the highest average paycheck ($81K per year) can be spotted in Hoover, Ala.; Knoxville, Tenn. (around $71K), the company's headquarter city of Birmingham, Ala. ($64K), and Little Rock, Ark. (about $57K) are the next top-paying cities. Ocala, Fla. is one of the lowest-paid cities, with earnings averaging approximately $33K. Across Regions Bank's U.S. offices, employees in the state of Alabama earn the most, taking home $60K annually.
Years of Experience
Average pay is about $44K per year for those with five to nine years of experience. The largest slice of the Regions Bank workforce (35 percent) has been working for one to four years and earns, on average, $37K annually.
Banking Branch Managers rake in the most money, with average earnings of approximately $52K per year; Assistant Branch Managers of Banking come in second with average earnings amounting to around $39K, while Personal Bankers and Financial Services Specialists rank near the top as well ($33K and $30K, respectively). On the lower end are Tellers at $22K on average.
Certifications and Degrees
Being a Licensed Lawyer certainly has its perks — salaries approach $85K annually and far exceed the paychecks of those without certification. On average, salaries rise to $81K per year for accredited CompTIA Security+ Experts. Regarding salaries and education, Regions Bank pays those with a Master of Science (MS), Computer Science (CS) the most — approximately $102K.
In this role, the best-paying skill appears to be Customer Relationship Management; individuals who claim it among their capabilities enjoy a higher median salary of about $64K annually. Customer Service also popped up often in the survey as an important skill; nearly one in three of employees surveyed report using it at work. Many workers are also familiar with Banking, Sales, and Financial Analysis.
Benefits and Perks
Unfortunately, a minority of employees — about 37 percent — are presented with both paid vacation and sick leave. A large number of respondents participate in a 401(k) program. Health insurance is part of the package for a large number of employees, and for a strong majority of workers, dental coverage is too. Some other perks are life insurance, tuition reimbursement, a casual working environment, and a company cell phone.