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Small financial services companies in Connecticut posted average salaries at $129,000, the highest average pay in a study released this week by TriNet, a San Leandro, Calif.-based professional employer organization (PEO). New York came next at 128,000. It was followed by Massachusetts and California, which were both in the mid-$123,000 range.
The information comes from TriNet’s SMBeat study that tracks economic trends in small businesses.
TriNet calculates the payroll information by tracking its base of 5,000 businesses whose employees earn approximately $100,000 in annual base salary. The companies fall into three industry segments: technology, professional services and financial services.