General Manager VPs represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at about $143K per year — though Financial Advisors, Banking Branch Managers, and Customer Service Managers also do fairly well at approximately $102K, $61K, and around $57K, respectively. Senior Administrative Assistants at People's United Bank do not see much in the way of financial compensation and represent one of the lower-paid positions ($45K on average) at the company.
When it comes to location, the highest average paycheck ($135K annually) can be spotted in Boston, Mass.; the company's headquarter city of Bridgeport, Conn. (about $83K), Portland, Maine ($71K), and Salem, Mass. (approximately $61K) are the next top-paying cities. East Setauket, N.Y. is one of the lowest-paid cities, with earnings averaging around $48K. By state, People's United Bank employees make the most in Maine, earning $71K per year on average.
Years of Experience
Five to nine years of work experience seem to result in median wages of $60K annually. Those with one to four years of experience at the company can expect to make around $50K per year on average. The greater proportion of employees (31 percent) report 10-19 years of experience and bring home median pay of $68K annually.
Certifications and Degrees
Being a National Association of Security Dealers , Series 66 License certainly has its perks — salaries approach approximately $102K per year and far exceed the paychecks of those without certification. Notary Publics also rank high on the pay scale, with expected average earnings of about $60K annually. People's United Bank workers who hold a Bachelor of Science in Bachelor of Science (BS / BSc) are also well compensated, earning $118K on average.
The best-paying skill to have in this role appears to be Customer Relationship Management; employees who claim this ability report median compensation of $76K per year. It's pretty common to find people here who know People Management; around one in four consider it a key competency. Other skills in demand are Sales, Customer Service, and Business Development.
Benefits and Perks
Paid time off is hard to come by at People's United Bank; the company rewards only a fifth of employees with paid vacation time and only one in ten workers with sick leave. A strong majority of employees set aside retirement funds in an employer-sponsored 401(k). A solid majority of survey participants have health insurance, and benefits for a solid majority of respondents also include dental insurance. Other privileges include tuition reimbursement, life insurance, a casual working environment, and employee stock ownership plan (esop).