Fifth Third - It is a good work envoronment but any PB type postiion with any bank is not considered a lifelong career choice | Glassdoor
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There are newer employer reviews for Fifth Third

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"It is a good work envoronment but any PB type postiion with any bank is not considered a lifelong career choice"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Licensed Personal Banker in Orlando, FL
Current Employee - Licensed Personal Banker in Orlando, FL
Recommends
Approves of CEO

Pros

Aggressively advances from within, positive recognition, and both co-workers and management treat you with respect, allows flexibility, and are readily helpful.

Cons

Pay, but all like position within the financial arena are not paid as well as they used to so I do not fault Fifth Third Bank in these dire economic circumstances for having low pay for this position

Advice to Management

It would be better keep good talent by giving them a substantial raise at their current position and invest in their career with Fifth Third than to keep their pay low until either a space for advancement becomes available because it invites attrition. Counter offers after someone finds another job is not the most effective method to keep someone who you really wish would not leave to stay.

Other Employee Reviews for Fifth Third

  1. Helpful (2)

    "No matter who comes or goes it will always be the same thing"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - New Changes In Chicago Are Similar to A Wolf In Sheep's Clothing in Chicago, IL
    Current Employee - New Changes In Chicago Are Similar to A Wolf In Sheep's Clothing in Chicago, IL
    Doesn't Recommend
    No opinion of CEO

    Pros

    -It's a larger bank which will look good on your resume, right?
    -Decent benefits package
    -Opportunity to purchase extra vacation time if your manager approves

    Cons

    -Politics rule promotions, if your regional doesn't care for you (even if your manager is on your side) good luck.
    -Salary is low for platform staff, especially if you are a PB who becomes licensed you will get no bump in your base while people are hired in from the outside at 45K or higher.
    -You will be forced to focus on everything you will not be able to just focus on investments as a Licensed "i" designated banker, you will have to chase checking/savings/CC's regardless of what revenue you are generating off of insurance/investments.
    -The comp plan for all retail lines has declined steadily every year, eventually they will not offer one.
    -Your monthly point goal may go down but they will adjust point values per product to compensate for that making it no different than it was before they made the change.
    -You will be micro-managed no matter how good of an employee you are, and you cannot focus on your strength (investments and bank products not just one).

    Advice to Management

    I am happy that the company has finally decided to spend marketing money in Chicago but senior management needs to evaluate gateways from the market manager down to the FCM level. Chicago will not succeed if you keep promoting managers from other affiliates to Chicago who have no managerial or people skills. Just because someone exceeded DDA goals 10 years ago in a small market does not make them a leader. Let your employees focus on what they are good at, there is no reason why Lpbi's should be chasing checking accounts or credit cards when they are capable of over producing revenue. You may also want to consider paying your people better, there's a reason turnover has been high and many people (including some sr. managers) ran to PNC, retain your top talent before another company shows them the money.


  2. "it was not very good; unattainable goals and very bad management"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Columbus, OH
    Current Employee - Anonymous Employee in Columbus, OH
    Disapproves of CEO

    Pros

    They offer occasional training and development programs. It is not as large as other banks so you may receive decent exposure.

    Cons

    Awful management. Unattainable sales goals. The core values are not followed my top management. Compensation programs are not very good.

There are newer employer reviews for Fifth Third
There are newer employer reviews for Fifth Third

See Most Recent

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