Senior Underwriters are awarded the highest paychecks, with compensation nearing around $87K annually on average; Senior Claims Adjusters are next on the list, bringing in close to $66K, followed by Claims Examiners and Investigators earning about $57K and Claims Adjusters making $52K. Financial compensation for Insurance Sales Representatives is rather low — on average only $32K — relative to the rest of the company.
Years of Experience
For those with five to nine years of experience, average earnings amount to approximately $69K per year. Overall, the greater share of Liberty Mutual Insurance Group folks have one to four years of experience and earn an average $59K annually.
When it comes to location, the highest average paycheck ($77K per year) can be spotted in Portsmouth, N.H.; Seattle, Wash. (about $77K), Dover, N.H. (around $77K), and the company's headquarter city of Boston, Mass. (approximately $75K) are the next top-paying cities. Phoenix, Ariz. ranks low on the pay scale — at $53K, it is one of the lowest-paid cities. By state, the highest compensation levels appear in New Hampshire, where the average salary is about $77K annually.
Certifications and Degrees
Project Management Professionals have significantly higher pay than non-accredited workers at $95K per year. Risk Management Associates with credentials can live quite comfortably; median salaries come in at around $80K annually. The highest-paying degree here is a Master of Business Administration (MBA), Finance; Liberty Mutual Insurance Group awards $129K to these degree-holders.
The highest-paying skill to have may be Project Management; employees who claim proficiency also report a higher average salary of approximately $88K per year. One of the more prevalent skills at Liberty Mutual Insurance Group is Customer Service, with roughly a fourth considering it a key competency. Insurance, Claim Handling, and Negotiation were also reported by many survey participants.
Benefits and Perks
Workers who save for retirement get lots of help because the company offers a number of savings programs including a 401(k) plan and a company pension plan. For the vast majority of employees, benefits include health insurance, and a large number of workers get dental coverage, too. A few more workplace perks are life insurance, tuition reimbursement, a casual working environment, and flexible hours.