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State Street Corporation is a leading financial services company with a global presence.
Their employees are highly skilled and educated, with a strong focus on innovation and technology.
According to State Street Corporation's data, the median salary for an employee in the United States is around $83,000 per year.
The company offers a range of benefits, including health insurance, retirement plans, and paid time off.
Salary Information
State Street Corporation salary information is quite diverse and depends on various factors such as location, department, and job role. Employees in the engineering department have the highest average salary at $112,965 per year.
In terms of average salary by state, New York takes the top spot with an average salary of $113,454 per year. The hourly rate in New York is also the highest at $54.55.
Here's a breakdown of the top 5 highest paying departments at State Street in Boston, MA:
The CEO of State Street receives a total compensation of $13.4 million per year, with an 8.5% salary percentage.
Average Salary
The average salary at State Street varies significantly depending on the state, department, and role.
State Street employees in New York earn the highest average salary, with $113,454 per year.
In terms of departments, engineering and IT employees receive relatively high salaries, with average salaries of $112,965 and $106,625 per year, respectively.
State Street salaries in Boston, MA are also worth noting. The engineering department has the highest average salary, with $116,756 per year.
Here's a list of the top 5 highest-paying departments at State Street in Boston, MA:
It's also worth noting that salaries can vary significantly within the same department based on factors such as experience, education level, and skills.
CEO Compensation Analysis
Ron O'Hanley's total compensation has been consistent with company performance over the past year. His compensation has been around $13-18 million, with a salary of around $1 million.
The company's earnings have fluctuated over the past few years, ranging from $2 billion to $3 billion. Despite this, Ron's compensation has remained relatively consistent.
Here's a breakdown of Ron's compensation and company earnings over the past few years:
Ron's total compensation is above average for companies of similar size in the BR market, at $13.45 million compared to $5.55 million for companies of similar size.
Cost and Location
State Street Corporation's salary is influenced by the company's global presence, with locations in major financial hubs such as Boston, New York, and London.
The company's headquarters in Boston is a significant factor in determining salaries, with many employees enjoying a cost of living that is lower than in other major US cities.
State Street Corporation's salary range for entry-level positions starts around $60,000 per year, with senior-level positions reaching upwards of $150,000 per year.
Highest Locations
If you're considering a career at State Street, you'll want to know which locations offer the highest salaries. The top spot goes to New York, NY, with an average salary of $113,586 and an hourly rate of $54.61.
New York is followed closely by Princeton, NJ, with an average salary of $109,671 and an hourly rate of $52.73. Redwood City, CA, comes in third with an average salary of $106,360 and an hourly rate of $51.13.
Boston, MA, and Malvern, PA, round out the top five, with average salaries of $105,142 and $95,861, respectively. Austin, TX, and Indianapolis, IN, bring up the rear, with average salaries of $89,752 and $80,299.
Here are the top 7 locations for State Street salaries:
Cost by Location
The highest paying State Street location is New York, NY, where the average salary is $113,586.
Working in New York, NY, can be expensive, but the salary makes up for it. The hourly rate in New York is $54.61.
In contrast, the lowest paying location on the list is Indianapolis, IN, with an average salary of $80,299.
The hourly rate in Indianapolis is $38.61, which is significantly lower than the hourly rate in New York.
Here's a list of the top 3 highest paying State Street locations, ranked by average salary:
I don't work at State Street.
Cities Near
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Cities near State Street in Boston, MA offer varying salary ranges. Some companies located close to State Street include other financial institutions.
State Street employees in New York can expect an average salary of $113,586. This is the highest-paying city for State Street employees, with an hourly pay of $55.
Princeton ranks second, with an average State Street salary of $109,671. This translates to an hourly pay of $53.
Locations
State Street has a significant presence in various locations across the United States. Its highest paying locations are concentrated in the Northeast.
The top-ranked location for State Street is New York, NY, where the average salary is $113,586.
Boston, MA is also a major hub for State Street, with its HQ office located there and an average salary of $105,142.
State Street's average salary in the United States is $117,404.
Competitors in
In Boston, MA, State Street has some notable competitors when it comes to pay. Goldman Sachs takes the top spot with an average pay of $114,128 and an hourly rate of $55.
Goldman Sachs is closely followed by Morgan Stanley, which offers an average pay of $111,984 and an hourly rate of $54. MSCI also ranks high, with an average pay of $111,850 and an hourly rate of $54.
The average pay at Northern Trust is $106,911, with an hourly rate of $51. BNY Mellon ranks 5th, with an average pay of $93,699 and an hourly rate of $45.
Here's a list of the top 5 highest-paying competitors in Boston, MA:
- Goldman Sachs - $114,128 (avg pay), $55 (hourly pay)
- Morgan Stanley - $111,984 (avg pay), $54 (hourly pay)
- MSCI - $111,850 (avg pay), $54 (hourly pay)
- Northern Trust - $106,911 (avg pay), $51 (hourly pay)
- BNY Mellon - $93,699 (avg pay), $45 (hourly pay)
Frequently Asked Questions
How much does a vice president make at State Street?
A Vice President at State Street earns an average yearly salary of around $148,152. This figure aligns with the national average for similar positions.
Sources
- https://www.zippia.com/state-street-careers-10823/salary/
- https://www.zippia.com/state-street-careers-10823/salary/boston-ma/
- https://www.salary.com/research/company/state-street-salary
- https://www1.salary.com/STATE-STREET-CORP-Executive-Salaries.html
- https://simplywall.st/stocks/br/diversified-financials/bovespa-s1tt34/state-street-shares/management
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