Years of Experience
Those who have five to nine years of work experience see average salaries of approximately $67K annually. The greater proportion of employees (32 percent) report one to four years of experience and bring home median pay of about $49K per year.
When it comes to location, the highest average paycheck ($91K annually) can be spotted in New York, N.Y.; Jersey City, N.J. ($90K), Boston, Mass. ($81K), and Pittsburgh, Pa. (around $57K) are the next top-paying cities. Wilmington, Del. is one of the lowest-paid cities, with earnings averaging $45K. Across its U.S. offices, the state of New York pays The Bank of New York Mellon Corporation (BNY Mellon) the most — $83K per year on average.
Senior Business Analysts rake in the most money, with average earnings of around $83K annually; Software Developers come in second with average earnings amounting to approximately $78K, while Finance & Banking Business Analysts and Client Service Managers rank near the top as well ($66K and about $63K, respectively). Fund Accountants make an average approximately $43K, close to the bottom of the company pay scale.
Certifications and Degrees
Being a Certified Information Systems Auditor certainly has its perks — salaries approach $148K per year and far exceed the paychecks of those without certification. Chartered Financial Analysts with credentials can live quite comfortably; median salaries come in at $145K annually. The Bank of New York Mellon Corporation (BNY Mellon) compensates Bachelor of Commerce (BCom)-holders the most at around $233K per year.
The best-paying skill to have in this role appears to be Project Management; employees who claim this ability report median compensation of $84K annually. Folks here also tend to know Microsoft Excel; on the survey, just under one in three of workers named it in their skills portfolios. Data Analysis, Microsoft Office, and Financial Analysis are also desirable skills.
Benefits and Perks
Paid time off is in short supply here, with only 28 percent receiving paid vacation and one in seven employees receiving paid sick days. A large number of employees report contributing to a 401(k). A large number of respondents report having health insurance, and most respondents report having dental coverage. A few more workplace perks are a casual working environment, life insurance, tuition reimbursement, and a stock purchase plan.