Years of Experience
For those with one to four years of experience, median paychecks reach $44K annually. When we consider tenure, a substantial portion of employees (27 percent) have been working for five to nine years and make $67K per year on average.
VPs of Operations earn the highest median pay at $98K annually, followed by Senior Business Analysts (about $81K), Client Service Managers (around $64K), and Operations Supervisors (approximately $59K). Accounting Specialists at The Bank of New York Mellon Corporation (BNY Mellon) do not see much in the way of financial compensation and represent one of the lower-paid positions (about $35K on average) at the company.
When it comes to location, the highest average paycheck (around $82K per year) can be spotted in Boston, Mass.; New York, N.Y. ($82K), Philadelphia, Pa. (approximately $60K), and Houston, Texas ($59K) are the next top-paying cities. Expected earnings are below average ($44K) in Westborough, Mass., one of the lowest-paid cities. By state, the highest pay levels are found in New York, where the average The Bank of New York Mellon Corporation (BNY Mellon) employee makes around $78K annually.
Certifications and Degrees
Financial Risk Manager Certifications earn about $125K per year, far more than their non-accredited counterparts. Chartered Financial Analysts with credentials can live quite comfortably; median salaries come in at $124K annually. Employees who have a Doctor of Philosophy (PhD) make the most here, hauling in $137K per year.
In this position, it pays to have Project Management in your toolkit; employees who claim proficiency enjoy a higher median salary of $84K annually. Microsoft Excel is a popular skill in the The Bank of New York Mellon Corporation (BNY Mellon) workforce; just under one in three of those surveyed report putting it to use in their jobs. Key skills also include Microsoft Office, Data Analysis, and Financial Analysis.
Benefits and Perks
Paid time off is in short supply here, with only 29 percent receiving paid vacation and one in five survey participants receiving paid sick days. A large number of survey participants allocate some part of their earnings to the company-sponsored 401(k) savings plan. Most workers have health insurance, and benefits for a large number of workers also include dental insurance. The Bank of New York Mellon Corporation (BNY Mellon) also dishes out privileges such as a casual working environment, life insurance, tuition reimbursement, and a stock purchase plan.