Fifth Third reviews

3.6

60% would recommend to a friend

(4,125 total reviews)

Tim Spence

68% approve of CEO

59% positive business outlook

Fifth Third has an employee rating of 3.6 out of 5 stars, based on 4,125 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Fifth Third employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

4K reviews
3.0
May 14, 2013

LPBi Chicago

Recommend
CEO approval
Business Outlook

Pros

You will work with some great people in the Chicago market. The benefits are (health, dental, 401K) decent. You can also purchase extra vacation time if your manager approves. Depending on your manager and their clout you can take advantage of the vast array of e-learning's available. Respectable super-regional financial institution that can be a decent stepping stone and pad your resume.

Cons

In no particular order: low salaries for PB/LPBi's, severe micro-management, unattainable goals that are VERY unit driven (think Wells Fargo), very poor quarterly compensation program based off of retail banking product sales it is VERY bad, Investment comp plan is OK but has started to decline over the past 2 yr's, low CEI (customer service score) payouts even though they are a major challenge to get an 'A' consistently, very political in terms of how you can grow your career promotions are given to friends or 'superstar' sales people that close and open checking accounts or out right lie to customers to get them to do what's in the best interest of the banker not the customer.

2.0
Aug 16, 2012
Recommend
CEO approval
Business Outlook

Pros

-Co Workers -Benefits -Hometown feel of a large bank

Cons

-Constantly claiming the customer experience is the number one priority, yet focusing strictly on sales and cross sell -Unable to attribute success or failures depending on markets -Goal standards that are beyond reachable -Technology is an absolute joke, most programs still rely on DOS -If you work in retail your opportunity for advancement is very limited -poor hours including weekend create almost impossible post graduate education

3.0
May 26, 2012
Recommend
CEO approval
Business Outlook

Pros

The people you work with day in and day out are great. More experienced people at other branches are always willing to help you out, and regularly reach out to give advice. HR is top notch (the recruiting/hiring/training) process is seamless and enjoyable. The pay is definitely low for what you are asked to do, but probably on par, or slightly above the industry average. Overall, I would recommend a friend to work for Fifth Third, but steer clear of retail, particularly the Personal Banker role.

Cons

No matter how many times in training they will say that Fifth Third is more customer based, and less sales-driven than other banks, it is simply not true. As a Personal Banker, you will get multiple calls each day from your Regional Manager asking why you are not hitting your daily numbers. In branch, the Financial Center Manager (FCM) will document every conversation you have, and every interaction is turned into a " coaching session". These will be later used against you, essentially digging yourself into a hole. The advice you receive from your FCM and Regional Manager will constantly contradict one another. They are not on the same page. No matter how good or smart of an employee you are, your FCM will not trust you, and you will be micromanaged to the largest degree. Each morning, I must send my manager my hourly schedule (10-11am I will be doing this, 11-12 I will be doing this, etc.). It truly does not make you feel like a "'professional", and after 5 years in the industry, it's very tough to be treated like a child. I understand having structure, but no one can, nor should be asked to work in this way. Speaking as a Personal Banker, count on working 2-3 nights per week after 7PM.

Viewing 208 - 210 of 4,125 Reviews

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