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Working at Salem Five
Salem Five overview
Salem Five's mission statement
Salem Five's banking, investment and insurance professionals have the expertise to move you forward. We believe our success is measured by your success. That's why we say, what moves you, moves us too.
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Salem Five employee reviews
Based on 4 ratings
Benefits, lots of paid holidays, PTO
Poor overall upper management, immature inexperienced non licensed middle management who act like high schoolers, no structure but lots of micro managing, no proper onboarding procedures, no nonsense zoom meeting that just waste time and HR needs a total revamp. The insurance division acquisitions are growing but the employee numbers are dwindling... this place is just not worth it
Health and dental benefits, the employees, the 13 paid holidays
The insurance division has no leadership....
Get rid of the current managers in woburn, danvers and lynn
The insurance division is desperate, show some interest and you get a job
Slightly less than what other companies offer
The employees are great and you can be yourself
Pleasant coworkers, supportive management who truly care, encourage work life balance, acknowledgement via bonus or raises, and and open door policy without the retaliatory consequences
Coworkers
Management, pay, culture. Mortgage company is in disarray. No leadership or direction. Inequality for female employees. New employees with personal relationships to management get hired and promoted over long term employees
Holidays off
The only positive part of this place are the people you work with.
DO NOT WORK HERE! Salem Five has no work/life balance. The upper management in the mortgage company is currently an utter disaster. Sales managers running operations into the ground expecting to make loans work when there is no way to make them work all for the sake of keeping the loan officers happy.
While the benefits at the bank are adequate, there is a lot of disparate treament going on and since the culture at the bank is heavily male dominate with no repect given to the women that work there you can be the star but will always be overlooked because a man wants to be promoted.
Friendly and respectful work environment
Rude customers and some days where nothing would happen
Good entry level pay
The team at Salem Five
- The founders of Salem Five is William H Mitchelson.
- The key people at Salem Five is Ping Chai.
Salem Five rankings
Salem Five is ranked #53 on the Best Finance companies to work for in Massachusetts list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.
- #53 in Best Finance companies to work for in Massachusetts
- #2 in Best companies to work for in Salem, MA
- #1 in Best Finance companies to work for in Salem, MA
- #4 in Biggest companies in Salem, MA
Rate the fairness of Salem Five's compensation policies.
Salem Five diversity
- Salem Five has 609 employees.
- 53% of Salem Five employees are women, while 47% are men.
- The most common ethnicity at Salem Five is White (62%).
- 20% of Salem Five employees are Hispanic or Latino.
- 8% of Salem Five employees are Asian.
- The average employee at Salem Five makes $45,325 per year.
- Salem Five employees are most likely to be members of the republican party.
- Employees at Salem Five stay with the company for 4.7 years on average.
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Salem Five financial performance
Highest paying Salem Five competitors
| Rank | Company | Average salary | Jobs |
|---|---|---|---|
| 1 | $90,219 | 0 | |
| 2 | $88,092 | 0 | |
| 3 | $86,819 | 0 | |
| 4 | $82,913 | 0 | |
| 5 | $78,156 | 0 | |
| 6 | $71,995 | 0 | |
| 7 | $64,936 | 0 | |
| 8 | $64,691 | 0 | |
| 9 | $61,303 | 0 | |
| 10 | $59,199 | 0 |
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Zippia gives an in-depth look into the details of Salem Five, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Salem Five. The employee data is based on information from people who have self-reported their past or current employments at Salem Five. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Salem Five. The data presented on this page does not represent the view of Salem Five and its employees or that of Zippia.
Salem Five may also be known as or be related to Salem Five, Salem Five Bancorp, Salem Five Bank and Salem Five Cents Savings Bank.