Senior Underwriters earn the highest median pay at $87K per year, followed by Senior Claims Adjusters ($66K), Insurance Claims Adjusters (around $54K), and Insurance Claims Specialists (approximately $54K). Among the lower-paid positions at Liberty Mutual Insurance Group are Insurance Sales Representatives — the median salary for this role approaches $30K.
Years of Experience
For those who claim five to nine years of work experience, pay on average amounts to about $70K annually. When we consider tenure, a substantial portion of employees (31 percent) have been working for one to four years and make $58K per year on average.
When it comes to location, the highest average paycheck (around $76K annually) can be spotted in Portsmouth, N.H.; Seattle, Wash. ($75K), Dover, N.H. (about $75K), and the company's headquarter city of Boston, Mass. (approximately $74K) are the next top-paying cities. At $67K, Charlotte, N.C. is home to some of the lowest pay in the country. Across its U.S. offices, the state of New Hampshire pays Liberty Mutual Insurance Group the most — around $75K per year on average.
Certifications and Degrees
Certified Public Accountants receive bigger paychecks (approximately $95K annually) than those without credentials. Risk Management Associates with credentials can live quite comfortably; median salaries come in at about $80K per year. Liberty Mutual Insurance Group provides the highest financial reward to those with a Master of Business Administration (MBA), Finance — these employees rake in $126K annually.
The best-paying skill to have in this role appears to be Project Management; employees who claim this ability report median compensation of $91K per year. Customer Service is a popular skill in the Liberty Mutual Insurance Group workforce; just under a fourth of those surveyed report putting it to use in their jobs. Some other standard skills here are Claim Handling, Insurance, and Negotiation.
Benefits and Perks
The firm looks out for its employees by sponsoring assorted retirement savings plans such as a 401(k) plan and a company pension plan. Almost all survey participants receive health insurance, and a large number of workers get dental coverage. The company also dishes out perks such as life insurance, tuition reimbursement, flexible hours, and a casual working environment.