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. (around $77K), Irvine, Calif. ($74K), and Quincy, Mass. (about $61K) are the next top-paying cities. Sacramento, Calif. is one of the lowest-paid cities, with earnings averaging $41K. By state, the highest compensation levels appear in New York, where the average salary is $127K annually.
The highest average salaries go to Compliance VPs, who bring in close to around $127K per year, though VPs of Operations are not far behind at $115K along with IT Business Analysts ($83K) and Associate Vice President (AVP), Financial Operationss ($81K). With salaries averaging approximately $47K, Fund Accountants are among the lowest paid at State Street Corporation.
Years of Experience
Those who have five to nine years of work experience see average salaries of about $62K annually. Between the one and five year mark, median pay is $52K per year. Broken down by tenure, the largest share of State Street Corporation employees (33 percent) have 10-19 years of experience and earn $93K annually on average.
Certifications and Degrees
Being a Certified Public Accountant certainly has its perks — salaries approach around $115K per year and far exceed the paychecks of those without certification. Bigger paychecks are awarded to Sun Certified Java Programmers with credentials; these people earn about $110K annually on average. State Street Corporation workers who hold a Master of Business Administration (MBA) are also well compensated, earning approximately $95K on average.
When it comes to skills, employees who report SQL among their abilities seem to make the most, reporting a median income of $111K per year. Microsoft Excel is a popular skill among State Street Corporation workers, with around one in five of those surveyed reporting using it on the job. Many workers usually know Project Management, Business Analysis, and Financial Analysis as well.
Benefits and Perks
31 percent receive paid vacation, and only one in five respondents get sick leave. A large number of workers save for retirement through State Street Corporation's 401(k) plan. Health insurance is part of the package for the vast majority of workers, and for most survey participants, dental coverage is too. Some other advantages of working at State Street Corporation are flexible hours, life insurance, tuition reimbursement, and optional telecommute / work from home.