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Average Salary for State Street Corporation Employees

Boston, Mass.-based State Street Corporation hires for positions ranging from Fund Accountant to Business Analyst in the state commercial banks industry. State Street Corporation employees typically bring home $72K annually. At State Street Corporation, the biggest piece of the paycheck puzzle is how long you've been working — it impacts salary more than anything else — though your job title and geography each factor into the equation as well. The data for this overview comes from answers to PayScale's salary questionnaire.

How This Employer Pays

State Street Corporation typically pays:
-6%
below market
Similar employers pay:
at market
Employer: State Street Corporation
Average Salary Range by Job
Job (Number Reporting)
National Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$70K$140K$210K
[-]Fund Accountant (12)
$29,413 - $57,398  
   
[-]Fund Accountant (12)
Salary$35,040 - $77,141  
   
Bonus$0.17 - $2,959  
Total Pay$29,413 - $57,398  
[+]Business Analyst (Unspecified Type) (9)
$49,057 - $106,184  
   
[+]Business Analyst (Unspecified Type) (9)
Salary$47,927 - $96,489  
   
Bonus$2,139 - $15,281  
Total Pay$49,057 - $106,184  
[+]Vice President (VP), Operations (6)
$74,797 - $206,322  
   
[+]Vice President (VP), Operations (6)
Salary$68,387 - $168,600  
   
Bonus$3,926 - $54,366  
Total Pay$74,797 - $206,322  
[+]Client Service Manager (4)
$44,927 - $102,578  
   
[+]Client Service Manager (4)
Salary$45,002 - $93,040  
   
Bonus$1,839 - $21,629  
Total Pay$44,927 - $102,578  
 Precise Range (?
XPrecise ranges are calculated based on validated data submitted by employees in this job at this company.
)     Estimated Range (?
XWhen PayScale has limited employee-submitted data, we base estimated ranges on a broader set of relevant employee profiles to calculate the most accurate ranges for this job at this company.
)
Country: United States | Currency: USD | Updated: 21 Nov 2014 | Individuals Reporting: 148
United States (change)

About This Company

225 FRANKLIN ST
Boston, Massachusetts 02110

1792

State Commercial Banks, Financial Services

State Street, State Street Corp


Freebase CC-BY Source: Freebase, licensed under CC-BY

Years of Experience

Those with one to four years of experience at the company can expect to make around $49K. The largest slice of the State Street Corporation workforce (34 percent) has been working for five to nine years and earns about $64K per year.

Jobs

The highest paychecks go to VPs of Operations, who earn $113K, closely trailed by IT Business Analysts ($90K), Fund Accounting Managers ($67K), and Business Analysts (approximately $66K). On the lower end are Fund Accountants at around $44K.

Locations

Median pay is highest in Irvine (about $111K annually), followed by New York ($98K), the company's headquarter city of Boston ($71K), and Quincy ($61K). Expected earnings are below average (approximately $44K) in Kansas City, one of the lowest-paid cities. Across its U.S. offices, the state of New York pays State Street Corporation the most — $98K per year on average.

Certifications and Degrees

Certified Public Accountants are compensated at a much higher rate than non-authorized workers, bringing in close to around $115K. Acquiring certification to be a FINRA Series 7 General Securities Representative is rewarded at $74K annually. State Street Corporation compensates Master of Computer Science (MCS), Computer Science (CS)-holders the most at about $160K per year.

Skills

In this position, it pays to have Project Management in your toolkit; employees who claim proficiency enjoy a higher median salary of approximately $89K. Microsoft Excel is regularly seen around here; slightly less than a third of those surveyed report it as a core competency. Three more common skills are Financial Analysis, Business Analysis, and Microsoft Office.

Benefits and Perks

The benefits packages at State Street Corporation can sometimes lack paid time off; 37 percent get paid vacation days, and a quarter of workers receive paid sick leave. The greater part of workers take advantage of the 401(k) plan that State Street Corporation sponsors. Health insurance is part of the package for the vast majority of workers, and for a solid majority of workers, dental coverage is too. Advantages of working here also include life insurance, flexible hours, a casual working environment, and tuition reimbursement.

Key Stats for State Street Corporation

Gender

Female
38 %
Male
63 %
Salary
$45,133 - $84,356
Salary
$34,521 - $98,511
Less than 1 year
3%
1-4 years
28%
5-9 years
32%
10-19 years
28%
20 years or more
9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 54 votes.

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