General Manager VPs are the best paid with the average salary hovering at approximately $143K annually; Financial Advisors, Senior Portfolio Managers, and Banking Branch Managers also rank near the top of the list, pulling in about $102K, $90K, and around $58K, respectively. Near the bottom at People's United Bank are Senior Administrative Assistants, pulling in an average of just $45K.
When it comes to location, the highest average paycheck ($135K per year) can be spotted in Boston, Mass.; Stamford, Conn. ($128K), the company's headquarter city of Bridgeport, Conn. ($84K), and Portland, Maine (around $71K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of East Setauket, N.Y. — at approximately $48K, salaries are some of the lowest in the country. By state, People's United Bank pays its Maine employees the most; the pay rate there is about $71K annually.
Years of Experience
Workers who have been with the company for more than one year but less than five can make $50K per year on average. For those who claim five to nine years of work experience, pay on average amounts to $60K annually. Overall, the greater share of People's United Bank folks have 10-19 years of experience and earn an average approximately $64K per year.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Notary Publics, who make $60K annually. Acquiring certification to be a Nationwide Mortgage Licensing System & Registry Certification is rewarded with median pay of $59K per year. At People's United Bank, employees who hold a Bachelor of Science in Bachelor of Science (BS / BSc) receive the highest salaries at around $118K.
The highest-paying skill in this position seems to be Customer Relationship Management; individuals who report it as part of the repertoire have a median income of about $76K annually. A skill that is commonly seen around here is Customer Service; just over a fifth deem it necessary for work. Key skills also include Business Development, People Management, and Sales.
Benefits and Perks
Paid time off is scarce, with only about 19 percent receiving paid vacation and roughly a tenth of workers receiving sick leave. People's United Bank sponsors a 401(k) program, and a solid majority of respondents use this option to save for their retirement. A solid majority of employees can count on health insurance, and a strong majority of workers have dental coverage as a benefit. Advantages of working here also include tuition reimbursement, life insurance, employee stock ownership plan (esop), and a casual working environment.