When it comes to location, the highest average paycheck (about $108K per year) can be spotted in Boston, Mass.; Milford, Conn. ($86K), the company's headquarter city of Bridgeport, Conn. ($84K), and Hartford, Conn. (around $61K) are the next top-paying cities. Approaching the lower end of the pay scale (at $40K) is Burlington, Vt. By state, the highest pay levels are found in Connecticut, where the average People's United Bank employee makes approximately $69K annually.
Years of Experience
Workers who have been with the company for more than one year but less than five can make $50K per year on average. For those with five to nine years of experience, average earnings amount to about $58K annually. When we consider tenure, a substantial portion of employees (28 percent) have been working for 20 years or more and make $102K per year on average.
Earning $102K annually on average, Human Resources Business Partners receive the most money, followed by Portfolio Managers (approximately $80K), Secondary Market Managers (around $69K), and Banking Branch Managers (about $61K). Among the lower-paid positions at People's United Bank are Senior Administrative Assistants — the median salary for this role approaches $50K.
Certifications and Degrees
Salaries approach $135K per year for Chartered Financial Analysts; non-accredited workers make much less. FINRA Series 7 General Securities Representatives also rank high on the pay scale, with expected average earnings of $67K annually. At People's United Bank, employees who hold a Master of Business Administration (MBA), Finance receive the highest salaries at around $110K.
The best-paying skill to have in this role appears to be Customer Relationship Management; employees who claim this ability report median compensation of approximately $69K per year. One of the more prevalent skills at People's United Bank is Customer Service, with one in five considering it a key competency. Sales, Sales Management, and People Management are also desirable skills.
Benefits and Perks
Only 22 percent at People's United Bank enjoy paid vacation time, and just 7 percent can take sick leave. A fair number of employees participate in the company's 401(k) retirement savings plan. At People's United Bank, a strong majority of respondents have health insurance, and a strong majority of employees have dental coverage. Privileges also include tuition reimbursement, life insurance, employee stock ownership plan (esop), and 401(a).