When it comes to location, the highest average paycheck (around $127K per year) can be spotted in New York, N.Y.; the company's headquarter city of Boston, Mass. ($77K), Irvine, Calif. (approximately $74K), and Quincy, Mass. ($61K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Sacramento, Calif. — at about $41K, salaries are some of the lowest in the country. By state, State Street Corporation employees make the most in New York, earning $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 $115K, about $83K, and $81K, respectively. Earning only around $47K on average, Fund Accountants make less than most people in the company.
Years of Experience
For those with five to nine years of experience, average earnings amount to approximately $62K annually. Workers who have been with the company for more than one year but less than five can make $52K per year on average. When we consider tenure, a substantial portion of employees (33 percent) have been working for 10-19 years and make around $93K annually on average.
Certifications and Degrees
Certified Public Accountants receive bigger paychecks (approximately $115K per year) than those without credentials. Sun Certified Java Programmers with credentials can live quite comfortably; median salaries come in at $110K annually. Those with a Master of Business Administration (MBA) at State Street Corporation come out on top, and their salaries approach about $95K per year.
The highest-paying skill to have may be SQL; employees who claim proficiency also report a higher average salary of $111K annually. A common skill in State Street Corporation's work force is Microsoft Excel; about one in five of survey participants report using it on the job. Some other standard skills here are Project Management, Business Analysis, and Financial Analysis.
Benefits and Perks
31 percent receive paid vacation, and only a fifth of survey participants get sick leave. Most respondents plan for retirement by taking advantage of the company-sponsored 401(k) program. For almost all workers, benefits include health insurance, and most workers get dental coverage, too. Privileges also include flexible hours, life insurance, tuition reimbursement, and optional telecommute / work from home.