When it comes to location, the highest average paycheck ($105K annually) can be spotted in New York, N.Y.; Troy, Mich. (approximately $100K), Tampa, Fla. (about $68K), and the company's headquarter city of St. Petersburg, Fla. ($58K) are the next top-paying cities. Memphis, Tenn. ranks low on the pay scale — at around $40K, it is one of the lowest-paid cities. Pay rates in the United States are highest in the state of New York, where they average to $73K per year.
Bringing in the most money are Operations Managers — their earnings average $79K annually. Financial Advisors are a close second at approximately $59K along with Financial Analysts (around $54K) and Investment Analysts (about $50K). Sales Associates are among the lowest paid at a median salary of $38K.
Years of Experience
Respondents who have been working for five to nine years make $51K per year on average. When we consider tenure, a substantial portion of employees (37 percent) have been working for one to four years and make $49K annually on average.
Certifications and Degrees
Being a General Securities Principal certainly has its perks — salaries approach $83K per year and far exceed the paychecks of those without certification. Uniform Securities Agent State Law Holders with credentials can live quite comfortably; median salaries come in at approximately $67K annually. At Raymond James & Associates, Inc., employees who hold a Bachelor of Accountancy (BAcc) receive the highest salaries at about $85K.
Employees who count Project Management among their skills enjoy higher pay; the median for this group is $68K per year. Microsoft Excel is regularly seen around here; just over one in five of those surveyed report it as a core competency. Many workers are also familiar with Financial Analysis, Microsoft Office, and Customer Service.
Benefits and Perks
Benefits packages do tend to lack paid time off; Raymond James & Associates, Inc. gives paid vacation days to a third of survey participants and sick leave to a quarter of survey participants. Most survey participants set aside retirement funds in an employer-sponsored 401(k). Health insurance comes as part of the deal for most workers, and a strong majority of employees report receiving dental coverage as well. Raymond James & Associates, Inc. folks also make good use of a stock purchase plan, tuition reimbursement, life insurance, and employee stock ownership plan (esop).