Real Estate Agents are awarded the highest paychecks, with compensation nearing $87K annually on average; Office Administrators are next on the list, bringing in close to $40K, followed by Office Managers earning approximately $40K and Marketing Coordinators making $40K. Financial compensation for Receptionists is rather low — on average only about $25K — relative to the rest of the company.
When it comes to location, the highest average paycheck (around $94K per year) can be spotted in Denver, Colo.; San Francisco, Calif. ($60K), Concord, Calif. (about $56K), and Boston, Mass. ($49K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Sarasota, Fla. — at $39K, salaries are some of the lowest in the country. Across its U.S. offices, the state of Massachusetts pays Coldwell Banker the most — around $50K annually on average.
Years of Experience
For those who claim five to nine years of work experience, pay on average amounts to approximately $45K per year. Overall, the greater share of Coldwell Banker folks have one to four years of experience and earn an average $39K annually.
Certifications and Degrees
Being a Licensed Real Estate Broker certainly has its perks — salaries approach $60K per year and far exceed the paychecks of those without certification. Earning a Notary Public certification garners significant financial rewards of about $43K annually on average. Coldwell Banker provides the highest financial reward to those with a Bachelor's Degree — these employees rake in around $50K per year.
When it comes to skills, Marketing Communications seems to bolster pay the most; employees who claim proficiency also enjoy a median income of $60K annually. Microsoft Office is regularly seen around here; just under a fourth of those surveyed report it as a core competency. Other skills in demand are Customer Service, Microsoft Excel, and Adobe Photoshop.
Benefits and Perks
As part of compensation, Coldwell Banker gives paid vacation to 35 percent and paid sick leave to 23 percent. For employees looking to save up for their golden years, Coldwell Banker provides an optional 401(k) plan, and a little more than half of workers participate. For a majority of survey participants, benefits include health insurance, and close to one-half of workers get dental coverage, too. Coldwell Banker employees also enjoy perks such as a subsidized cell phone, life insurance, tuition reimbursement, and a casual working environment.