Median pay is highest in Washington, DC ($75K per year), followed by Northbrook (approximately $50K), Honolulu ($44K), and Sarasota ($40K). High paychecks are not found in Chicago; in fact, at about $35K it is one of the worst-paid cities. By state, Coldwell Banker employees make the most in District of Columbia, earning around $75K annually on average.
Bringing in the most money are Real Estate Brokers — their earnings average $56K. Marketing Managers are a close second at approximately $46K along with Marketing Coordinators ($46K) and Real Estate Assistants (around $40K). Office Administrators at Coldwell Banker do not see much in the way of financial compensation and represent one of the lower-paid positions (about $33K) at the company.
Years of Experience
For those with one to four years of experience, paychecks typically reach $34K. For those with five to nine years of experience, average earnings amount to around $40K. Broken down by tenure, the largest share of Coldwell Banker employees (46 percent) have 10-19 years of experience and typically earn about $39K per year.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Licensed Real Estate Salespersons, who make $39K. The highest-paying degree here is a Bachelor of Science in Business Management; Coldwell Banker awards $70K to these degree-holders.
When it comes to skills, employees who report Project Management among their abilities seem to make the most, reporting a median income of approximately $54K. Microsoft Office is a popular skill among Coldwell Banker workers, with nearly one-fourth of those surveyed reporting using it on the job. Other top skills include Office Administration, Adobe InDesign, and Customer Service.
Women make up the majority of employees in a female-to-male ratio of more than 3 to 1.
Benefits and Perks
Paid time off is hard to come by at Coldwell Banker; the company rewards only one-half of workers with paid vacation time and only a third of workers with sick leave. A majority of workers plan for retirement by taking advantage of the company-sponsored 401(k) program. Health insurance comes as part of the deal for slightly more than half of workers, and just over two-fifths of workers report receiving dental coverage as well. Perks also include a casual working environment, tuition reimbursement, life insurance, and flexible hours.