When it comes to location, the highest average paycheck ($127K annually) can be spotted in New York, N.Y.; Atlanta, Ga. (around $110K), the company's headquarter city of Boston, Mass. ($77K), and Quincy, Mass. (about $67K) are the next top-paying cities. Kansas City, Mo. is one of the lowest-paid cities, with earnings averaging approximately $41K. By state, the highest compensation levels appear in New York, where the average salary is $127K per year.
Compliance VPs rake in the most money, with average earnings of $127K annually; VPs of Operations come in second with average earnings amounting to around $115K, while IT Business Analysts and Associate Vice President (AVP), Financial Operationss rank near the top as well ($83K and $81K, respectively). Financial Analysts at State Street Corporation do not see much in the way of financial compensation and represent one of the lower-paid positions (about $54K on average) at the company.
Years of Experience
Workers who have been with the company for more than one year but less than five can make approximately $56K per year on average. Survey participants who have worked at State Street Corporation for between five and 10 years earn about $61K annually on average. Broken down by tenure, the largest share of State Street Corporation employees (33 percent) have 10-19 years of experience and earn $103K per year on average.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Certified Public Accountants, who make around $115K annually. On average, salaries rise to approximately $110K per year for accredited Sun Certified Java Programmers. State Street Corporation workers who hold a Master of Business Administration (MBA) are also well compensated, earning $93K on average.
In this position, it pays to have Customer Relationship Management in your toolkit; employees who claim proficiency enjoy a higher median salary of $90K annually. Microsoft Excel is a popular skill among State Street Corporation workers, with about one in four of those surveyed reporting using it on the job. Project Management, Financial Analysis, and Business Analysis are also desirable skills.
Benefits and Perks
Paid time off is hard to come by at State Street Corporation; the company rewards only one in three workers with paid vacation time and only one in five employees with sick leave. A large number of respondents take advantage of the 401(k) plan that State Street Corporation sponsors. A large number of workers have health insurance, and benefits for most respondents also include dental insurance. Employees can also look forward to flexible hours, life insurance, tuition reimbursement, and optional telecommute / work from home.