When it comes to location, the highest average paycheck ($127K annually) can be spotted in New York, N.Y.; the company's headquarter city of Boston, Mass. ($77K), Irvine, Calif. ($74K), and Quincy, Mass. (about $61K) are the next top-paying cities. Expected earnings are below average (around $43K) in Kansas City, Mo., one of the lowest-paid cities. By state, State Street Corporation pays its New York employees the most; the pay rate there is approximately $127K per year.
The highest paychecks go to Compliance VPs, who earn an average $127K annually, closely trailed by VPs of Operations ($115K), IT Business Analysts (about $83K), and Associate Vice President (AVP), Financial Operationss (approximately $81K). Fund Accountants at State Street Corporation do not see much in the way of financial compensation and represent one of the lower-paid positions ($45K on average) at the company.
Years of Experience
Between the one and five year mark, median pay is around $54K per year. Respondents who have been working for five to nine years make $60K annually on average. When we consider tenure, a substantial portion of employees (34 percent) have been working for 10-19 years and make about $94K per year on average.
Certifications and Degrees
Monetary compensation comes to $115K annually for Certified Public Accountants, far surpassing the earnings of non-credentialed workers. On average, salaries rise to $110K per year for accredited Sun Certified Java Programmers. It pays to have a Master of Business Administration (MBA) at State Street Corporation — these employees make the most at around $95K annually.
When it comes to skills, SQL seems to bolster pay the most; employees who claim proficiency also enjoy a median income of approximately $111K per year. A relatively widespread skill at State Street Corporation is Microsoft Excel; just over a fifth of employees use it for work. Other top skills include Project Management, Financial Analysis, and Business Analysis.
Benefits and Perks
Only 30 percent at State Street Corporation enjoy paid vacation time, and just 19 percent can take sick leave. A large number of employees take advantage of the 401(k) plan that State Street Corporation sponsors. Nearly all workers report having health insurance, and a large number of workers report having dental coverage. The company also dishes out perks such as flexible hours, life insurance, tuition reimbursement, and optional telecommute / work from home.