When it comes to location, the highest average paycheck (approximately $127K per year) can be spotted in New York, N.Y.; the company's headquarter city of Boston, Mass. ($77K), Irvine, Calif. ($74K), and Quincy, Mass. ($61K) are the next top-paying cities. Kansas City, Mo. is near the bottom for pay at around $43K. By state, State Street Corporation employees make the most in New York, earning about $127K annually on average.
Nearing the top of the pay scale are Compliance VPs, VPs of Operations, IT Business Analysts, and Associate Vice President (AVP), Financial Operationss; while the first receives the highest median pay at $127K per year, the other salaries come in at about $115K, approximately $83K, and $81K, respectively. Near the bottom at State Street Corporation are Fund Accountants, pulling in an average of just around $45K.
Years of Experience
Those with one to four years of experience at the company can expect to make $54K annually on average. Five to nine years of work experience seem to result in median wages of $60K per year. Broken down by tenure, the largest share of State Street Corporation employees (34 percent) have 10-19 years of experience and earn around $94K annually on average.
Certifications and Degrees
Certified Public Accountants earn approximately $115K per year, far more than their non-accredited counterparts. Earning a Sun Certified Java Programmer certification garners significant financial rewards of $110K annually on average. The highest-paying degree here is a Master of Business Administration (MBA); State Street Corporation awards about $95K to these degree-holders.
Employees who count SQL among their skills enjoy higher pay; the median for this group is $111K per year. A common skill in State Street Corporation's work force is Microsoft Excel; just over a fifth of survey participants report using it on the job. Three more common skills are Project Management, Financial Analysis, and Business Analysis.
Benefits and Perks
Paid time off is hard to come by at State Street Corporation; the company rewards only 30 percent with paid vacation time and only 19 percent with sick leave. Most respondents allocate some part of their earnings to the company-sponsored 401(k) savings plan. For the vast majority of survey participants, benefits include health insurance, and a large number of respondents get dental coverage, too. Perks also include flexible hours, life insurance, tuition reimbursement, and optional telecommute / work from home.