Nearing the top of the pay scale are General Manager VPs, Financial Advisors, Banking Branch Managers, and Customer Service Managers; while the first receives the highest median pay at approximately $143K annually, the other salaries come in at $102K, $61K, and about $57K, respectively. With salaries averaging $45K, Senior Administrative Assistants are among the lowest paid at People's United Bank.
When it comes to location, the highest average paycheck (around $135K per year) can be spotted in Boston, Mass.; the company's headquarter city of Bridgeport, Conn. ($83K), Portland, Maine (approximately $71K), and Salem, Mass. (around $61K) are the next top-paying cities. Approaching the lower end of the pay scale (at about $48K) is East Setauket, N.Y. Across its U.S. offices, the state of Maine pays People's United Bank the most — $71K annually on average.
Years of Experience
Between the one and five year mark, median pay is $49K per year. Five to nine years of work experience seem to result in median wages of around $60K annually. The greater proportion of employees (28 percent) report 10-19 years of experience and bring home median pay of $65K per year.
Certifications and Degrees
FINRA Series 7 General Securities Representatives earn about $67K annually, far more than their non-accredited counterparts. Bigger paychecks are awarded to Notary Publics with credentials; these people earn approximately $60K per year on average. At People's United Bank, employees who hold a Bachelor of Science in Bachelor of Science (BS / BSc) receive the highest salaries at $120K.
The highest-paying skill to have may be Financial Analysis; employees who claim proficiency also report a higher average salary of $70K annually. It's pretty common to find people here who know Customer Service; approximately one-fourth consider it a key competency. Sales, Business Development, and People Management were also reported by many survey participants.
Benefits and Perks
Paid time off is scarce, with only about 19 percent receiving paid vacation and less than ten percent of workers receiving sick leave. A majority of survey participants save for retirement through People's United Bank's 401(k) plan. People's United Bank provides health insurance to a fair number of workers, and a solid majority of respondents do receive dental coverage. The list of perks also includes life insurance, tuition reimbursement, employee stock ownership plan (esop), and a subsidized cell phone.