Years of Experience
Average pay is $62K per year for those with five to nine years of experience. Those with one to four years of experience at the company can expect to make around $44K annually on average. The greater proportion of employees (29 percent) report 10-19 years of experience and bring home median pay of $80K per year.
When it comes to location, the highest average paycheck (approximately $82K annually) can be spotted in New York, N.Y.; Boston, Mass. ($81K), Houston, Texas (about $61K), and Pittsburgh, Pa. (approximately $58K) are the next top-paying cities. High paychecks are not found in Syracuse, N.Y.; in fact, at $39K it is one of the worst-paid cities. U.S. pay levels are highest in the state of New York; salaries there average to about $76K per year.
Senior Financial Analysts are awarded the highest paychecks, with compensation nearing $68K annually on average; Business Analysts are next on the list, bringing in close to around $65K, followed by Client Service Managers earning $62K and Data Analysts making around $46K. Near the bottom at The Bank of New York Mellon Corporation (BNY Mellon) are Trust Administrators, pulling in an average of just $35K.
Certifications and Degrees
Being a Chartered Financial Analyst certainly has its perks — salaries approach $176K per year and far exceed the paychecks of those without certification. Certified Public Accountants with credentials can live quite comfortably; median salaries come in at approximately $123K annually. Those with a B.A. in Communication at The Bank of New York Mellon Corporation (BNY Mellon) come out on top, and their salaries approach about $98K per year.
The highest-paying skill to have in this role seems to be Project Management; employees claiming this as part of the toolbox earn a median of $88K annually. A common skill in The Bank of New York Mellon Corporation (BNY Mellon)'s work force is Microsoft Excel; just under a third of survey participants report using it on the job. Other skills in demand are Microsoft Office, Data Analysis, and Financial Analysis.
Benefits and Perks
Benefits packages do tend to lack paid time off; The Bank of New York Mellon Corporation (BNY Mellon) gives paid vacation days to one in three respondents and sick leave to one in four survey participants. The Bank of New York Mellon Corporation (BNY Mellon) sponsors a 401(k) program, and the vast majority of workers use this option to save for their retirement. A large number of survey participants report having health insurance, and a large number of respondents report having dental coverage. The company also dishes out perks such as life insurance, a casual working environment, tuition reimbursement, and a company cell phone.