When it comes to location, the highest average paycheck (around $110K per year) can be spotted in Raleigh, N.C.; Denver, Colo. (about $78K), San Francisco, Calif. (approximately $60K), and Concord, Calif. ($52K) are the next top-paying cities. At $48K, Los Angeles, Calif. is home to some of the lowest pay in the country. Across Coldwell Banker's U.S. offices, employees in the state of Colorado earn the most, taking home $50K annually.
Earning approximately $87K per year on average, Real Estate Agents receive the most money, followed by Graphic Designers ($47K), Real Estate Assistants ($45K), and Office Administrators (about $40K). Earning only $29K on average, Property Managers make less than most people in the company.
Years of Experience
Average pay is around $45K annually for those with five to nine years of experience. Overall, the greater share of Coldwell Banker folks have one to four years of experience and earn an average about $39K per year.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Licensed Real Estate Brokers, who make $59K annually. Earning a Licensed Real Estate Salesperson certification garners significant financial rewards of $41K per year on average. Those with a Master of Business Administration (MBA), International Business at Coldwell Banker come out on top, and their salaries approach $78K annually.
When it comes to skills, Marketing Communications seems to bolster pay the most; employees who claim proficiency also enjoy a median income of around $60K per year. Microsoft Office is considered a run-of-the-mill skill; between a fifth and a fourth of Coldwell Banker's people use it regularly. Adobe Photoshop, Microsoft Excel, and Customer Service were also reported by many survey participants.
Benefits and Perks
Benefits packages do tend to lack paid time off; Coldwell Banker gives paid vacation days to one in three workers and sick leave to 23 percent. A little more than half of workers plan for retirement by taking advantage of the company-sponsored 401(k) program. For the larger part of respondents, benefits include health insurance, and just over two-fifths of workers get dental coverage, too. A few more workplace perks are a company cell phone, life insurance, a casual working environment, and 401(a).