When it comes to location, the highest average paycheck ($142K annually) can be spotted in New York, N.Y.; the company's headquarter city of Boston, Mass. ($82K), Quincy, Mass. (about $70K), and Philadelphia, Pa. ($64K) are the next top-paying cities. High paychecks are not found in Kansas City, Mo.; in fact, at approximately $39K it is one of the worst-paid cities. State Street Corporation workers in New York earn the most — around $142K per year on average.
The highest paychecks go to VPs of Operations, who earn an average $112K annually, closely trailed by Application Developers ($90K), Associate Vice President (AVP), Financial Operationss (about $84K), and Private Equity Fund Administrators (around $61K). Financial compensation for Fund Accountants is rather low — on average only $38K — relative to the rest of the company.
Years of Experience
Those who have five to nine years of work experience see average salaries of approximately $77K per year. The largest slice of the State Street Corporation workforce (32 percent) has been working for one to four years and earns, on average, $56K annually.
Certifications and Degrees
Salaries approach about $148K per year for Certified Information Systems Security Professionals; non-accredited workers make much less. Earning a Certified Information Security Manager certification garners significant financial rewards of around $143K annually on average. The best paid folks at State Street Corporation have a Master of Business Administration (MBA), Finance, earning approximately $130K per year.
When it comes to skills, employees who report Project Management among their abilities seem to make the most, reporting a median income of $85K annually. Microsoft Excel is considered a run-of-the-mill skill; slightly less than a third of State Street Corporation's people use it regularly. Data Analysis, Microsoft Office, and Financial Reporting were also reported by many survey participants.
Benefits and Perks
Only 30 percent at State Street Corporation enjoy paid vacation time, and just 23 percent can take sick leave. Most respondents set aside retirement funds in an employer-sponsored 401(k). A large number of survey participants report having health insurance, and most workers report having dental coverage. State Street Corporation employees also enjoy perks such as flexible hours, life insurance, optional telecommute / work from home, and a subsidized cell phone.