Residents of Hartford, Conn. pick up paychecks that are higher than any other city — the median salary is $100K annually; other top-paying cities include the company's headquarter city of Bridgeport, Conn. ($73K) and Portland, Maine (around $51K). Across People's United Bank's U.S. offices, employees in the state of Massachusetts earn the most, taking home approximately $70K per year.
Years of Experience
Five to nine years of work experience seem to result in median wages of about $49K annually. Between the one and five year mark, median pay is $50K per year. The greater proportion of employees (29 percent) report 20 years or more of experience and bring home median pay of $89K annually.
Earning $54K per year on average, Banking Branch Managers receive the most money, followed by Financial Services Managers (around $52K annually).
Certifications and Degrees
Those lacking certification bring in much lower salaries than Chartered Financial Analysts, who make $127K per year. Becoming a Notary Public can certainly pay off here; those folks make approximately $53K on average. People's United Bank provides the highest financial reward to those with a Master of Business Administration (MBA) — these employees rake in about $121K annually.
In this role, the best-paying skill appears to be Loan Underwriting; individuals who claim it among their capabilities enjoy a higher median salary of $75K per year. One of the more prevalent skills at People's United Bank is Mortgage Loans, with just under a fifth considering it a key competency. Other top skills include Banking, Sales Management, and Financial Analysis.
Benefits and Perks
Paid time off is in short supply here, with only 30 percent receiving paid vacation and one in seven respondents receiving paid sick days. A large number of respondents contribute to 401(k) savings accounts sponsored by the firm. Most respondents report having health insurance, and a fair number of employees report having dental coverage. The company also dishes out perks such as tuition reimbursement, life insurance, stock options, and 401(a).