The highest average salaries go to Portfolio Managers, who bring in close to $80K annually, though Bank VPs & Branch Managers are not far behind at about $73K along with Banking Branch Managers (approximately $51K) and Assistant Branch Managers of Banking ($40K). Among the lower-paid positions at Regions Bank are Tellers — the median salary for this role approaches around $23K.
Years of Experience
Those who have five to nine years of work experience see average salaries of $52K per year. The greater proportion of employees (28 percent) report one to four years of experience and bring home median pay of approximately $39K annually.
When it comes to location, the highest average paycheck ($66K per year) can be spotted in Atlanta, Ga.; the company's headquarter city of Birmingham, Ala. (about $59K), Memphis, Tenn. ($55K), and Houston, Texas (around $53K) are the next top-paying cities. Nashville, Tenn. is one of the lowest-paid cities, with earnings averaging $42K. By state, Regions Bank pays its Georgia employees the most; the pay rate there is around $62K annually.
Certifications and Degrees
Being a CompTIA Linux+ certainly has its perks — salaries approach $92K per year and far exceed the paychecks of those without certification. On average, salaries rise to $91K annually for accredited CompTIA Security+ Experts. Employees who have a Bachelor of Science in Mechanical Engineering (BSME) make the most here, hauling in about $93K per year.
The highest-paying skill to have in this role seems to be Financial Analysis; employees claiming this as part of the toolbox earn a median of approximately $59K annually. A relatively widespread skill at Regions Bank is Customer Service; one in three of employees use it for work. Many workers usually know Sales, Banking, and Consumer Loans as well.
Benefits and Perks
A lucky few (one in four survey participants) are fortunate enough to be compensated for both vacation and sick time. A solid majority of workers save for retirement through Regions Bank's 401(k) plan. Regions Bank provides health insurance to a large number of workers, and most respondents do receive dental coverage. Employees can also look forward to life insurance, tuition reimbursement, 401(a), and a casual working environment.