When it comes to location, the highest average paycheck ($149K annually) can be spotted in South Bend, Ind.; Clovis, N.M. ($95K), Louisville, Ky. (about $78K), and Agawam, Mass. (around $70K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Springfield, Mass. — at $49K, salaries are some of the lowest in the country. Across Farm Credit's U.S. offices, employees in the state of Indiana earn the most, taking home approximately $130K per year.
Years of Experience
Workers who have been with the company for more than one year but less than five can make $42K annually on average. When we consider tenure, a substantial portion of employees (27 percent) have been working for five to nine years and make $67K per year on average.
Earning approximately $62K annually on average, Loan Officers receive the most money, followed by Credit Analysts (about $42K), Administrative Coordinators ($37K), and Mortgage Originators (around $37K).
Certifications and Degrees
Those lacking certification bring in much lower salaries than Certified Public Accountants, who make approximately $102K per year. Bigger paychecks are awarded to Microsoft Certified Systems Administrators with credentials; these people earn about $92K annually on average. The best paid folks at Farm Credit have a Master of Business Administration (MBA), Business Administration, earning $103K per year.
The highest-paying skill to have may be Portfolio Management; employees who claim proficiency also report a higher average salary of $82K annually. Folks here also tend to know Financial Analysis; on the survey, more than a third of workers named it in their skills portfolios. Customer Relationship Management, Customer Service, and Mortgage Loans are also desirable skills.
Benefits and Perks
The company is somewhat lacking in the benefits department, and only 35 percent report compensation for sick days and vacation time. A large number of workers set aside retirement funds in an employer-sponsored 401(k). At Farm Credit, a large number of respondents have health insurance, and most employees have dental coverage. Farm Credit folks also make good use of life insurance, a casual working environment, a subsidized cell phone, and tuition reimbursement.