When it comes to location, the highest average paycheck ($75K per year) can be spotted in San Francisco, Calif.; Los Angeles, Calif. (around $42K), San Marino, Calif. (about $41K), and Steamboat Springs, Colo. ($40K) are the next top-paying cities. On the lower end is Chicago, Ill. at approximately $35K. By state, Coldwell Banker pays its Michigan employees the most; the pay rate there is $54K annually.
Years of Experience
Respondents who have been working for five to nine years make approximately $43K per year on average. Workers who have been with the company for more than one year but less than five can make around $37K annually on average. When we consider tenure, a substantial portion of employees (33 percent) have been working for 10-19 years and make about $43K per year on average.
Earning $43K annually on average, Graphic Designers receive the most money, followed by Marketing Coordinators ($42K), Receptionists ($40K), and Office Managers (about $39K). Coldwell Banker hands out some of the smallest paychecks to Executive Assistants (around $30K on average).
Certifications and Degrees
Monetary compensation comes to approximately $72K per year for Licensed Real Estate Brokers, far surpassing the earnings of non-credentialed workers. Bigger paychecks are awarded to Licensed Real Estate Salespersons with credentials; these people earn $35K annually on average. At Coldwell Banker, employees who hold an Associate's Degree receive the highest salaries at $50K.
The highest-paying skill to have in this role seems to be Advertising; employees claiming this as part of the toolbox earn a median of $45K per year. Microsoft Office is a popular skill among Coldwell Banker workers, with just under a fourth of those surveyed reporting using it on the job. Graphic Design, Adobe InDesign, and Microsoft Excel are also desirable skills.
With a more than 3 to 1 female-to-male ratio, women represent the better half of Coldwell Banker's employees who responded to the survey.
Benefits and Perks
Paid time off is scarce, with only about 38 percent receiving paid vacation and close to one-fourth of workers receiving sick leave. A majority of respondents report contributing to a 401(k). Perks cover health insurance for over one-half of workers and dental coverage for approximately one-half of workers. Privileges also include tuition reimbursement, life insurance, a company cell phone, and a casual working environment.