Earning approximately $94K annually on average, Commercial Loan Officers receive the most money, followed by Business Development VPs (about $91K), Banking Branch Managers ($63K), and Assistant Branch Managers of Banking ($46K). Customer Service Representatives make an average $30K, close to the bottom of the company pay scale.
When it comes to location, the highest average paycheck (around $102K per year) can be spotted in Leominster, Mass.; Jacksonville, Fla. ($92K), Scranton, Pa. (about $68K), and Wichita, Kan. (approximately $63K) are the next top-paying cities. Marietta, Ga. is one of the lowest-paid cities, with earnings averaging $45K. By state, Fidelity Bank employees make the most in Massachusetts, earning around $102K annually on average.
Years of Experience
For those with one to four years of experience, median paychecks reach $48K per year. Average pay is about $53K annually for those with five to nine years of experience. The greater proportion of employees (32 percent) report 10-19 years of experience and bring home median pay of $84K per year.
Certifications and Degrees
Nationwide Mortgage Licensing System & Registry Certifications earn $45K annually, far more than their non-accredited counterparts. Notary Publics also rank high on the pay scale, with expected average earnings of $40K per year. Regarding salaries and education, Fidelity Bank pays those with a Bachelor of Fine Arts (BFA) the most — around $86K.
The highest-paying skill to have may be Leadership; employees who claim proficiency also report a higher average salary of approximately $63K annually. A common skill in Fidelity Bank's work force is Operations Management; close to one-fourth of survey participants report using it on the job. Sales, Customer Service, and Financial Analysis round out the set of key employee skills.
Benefits and Perks
Just one-seventh of respondents receive paid time off. A fair number of respondents plan for retirement by taking advantage of the company-sponsored 401(k) program. A strong majority of respondents can count on health insurance, and a solid majority of respondents have dental coverage as a benefit. Advantages of working here also include life insurance and a subsidized cell phone.