When it comes to location, the highest average paycheck (about $125K per year) can be spotted in New York, N.Y.; Atlanta, Ga. (approximately $112K), the company's headquarter city of Boston, Mass. ($79K), and Quincy, Mass. ($74K) are the next top-paying cities. Kansas City, Mo. is near the bottom for pay at around $41K. Within the company, workers earn the highest salaries (an average of $125K annually) in New York.
Compliance VPs represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at about $127K per year — though Lead Applications Developers, VPs of Operations, and Application Developers also do fairly well at $112K, approximately $110K, and $90K, respectively. Near the bottom at State Street Corporation are Financial Analysts, pulling in an average of just around $47K.
Years of Experience
Between the one and five year mark, median pay is $54K annually. Respondents who have been working for five to nine years make $71K per year on average. Broken down by tenure, the largest share of State Street Corporation employees (30 percent) have 10-19 years of experience and earn approximately $109K annually on average.
Certifications and Degrees
Salaries approach around $115K per year for Certified Public Accountants; non-accredited workers make much less. Acquiring certification to be a Sun Certified Java Programmer is rewarded with median pay of $112K annually. The best paid folks at State Street Corporation have a Master of Science (MS), earning about $110K per year.
The highest-paying skill in this position seems to be Regulatory Compliance; individuals who report it as part of the repertoire have a median income of $120K annually. Folks here also tend to know Microsoft Excel; on the survey, between a fifth and a fourth of workers named it in their skills portfolios. Other skills in demand are Project Management, Data Analysis, and Financial Analysis.
Benefits and Perks
As part of compensation, State Street Corporation gives paid vacation to one in four workers and paid sick leave to 18 percent. For employees looking to save up for their golden years, State Street Corporation provides an optional 401(k) plan, and a large number of survey participants participate. At State Street Corporation, a solid majority of survey participants have health insurance, and a strong majority of respondents have dental coverage. State Street Corporation folks also make good use of flexible hours, life insurance, optional telecommute / work from home, and a company cell phone.