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Average Salary for Liberty Mutual Insurance Group Employees

Operating out of Boston, Massachusetts, Liberty Mutual Insurance Group employs talent in positions ranging from Insurance Claims Adjuster to Senior Underwriter. A typical Liberty Mutual Insurance Group employee can expect to make $69K per year. What you do at the company primarily drives compensation; however, your experience level and geography are also reported as secondary influences on salary at Liberty Mutual Insurance Group. The numbers in this rundown were provided by PayScale's salary survey participants.

How This Employer Pays

Liberty Mutual Insurance Group typically pays:
7%
above market
Similar employers pay:
1%
above market
Similar companies include:
ACE Group, Actio Corporation, Sedgwick
Employer: Liberty Mutual Insurance Group
Average Salary Range by Job
Job (Number Reporting)
National Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
[-]Customer Service Representative (CSR) (17)
$29,590 - $43,385  
   
[-]Customer Service Representative (CSR) (17)
Salary$31,179 - $44,500  
   
Bonus$26.84 - $1,931  
Total Pay$29,590 - $43,385  
[+]Senior Underwriter (16)
$79,099 - $125,220  
   
[+]Senior Underwriter (16)
Salary$76,561 - $109,742  
   
Bonus$1,973 - $15,654  
Total Pay$79,099 - $125,220  
[+]Insurance Claims Adjuster (16)
$36,995 - $72,511  
   
[+]Insurance Claims Adjuster (16)
Salary$36,650 - $73,160  
   
Bonus$455.40 - $6,937  
Total Pay$36,995 - $72,511  
[+]Claims Adjuster (12)
$39,932 - $78,026  
   
[+]Claims Adjuster (12)
Salary$39,728 - $76,491  
   
Bonus$433.36 - $6,253  
Total Pay$39,932 - $78,026  
 Precise Range (?
XPrecise ranges are calculated based on validated data submitted by employees in this job at this company.
)     Estimated Range (?
XWhen PayScale has limited employee-submitted data, we base estimated ranges on a broader set of relevant employee profiles to calculate the most accurate ranges for this job at this company.
)
Country: United States | Currency: USD | Updated: 5 Nov 2014 | Individuals Reporting: 381
United States (change)

Liberty Mutual Insurance Group Details

Boston, Massachusetts

1912

45,000

Liberty Mutual, Liberty Mutual Group, Liberty Mutual Insurance Company

Suggest changes »

Freebase CC-BY Source: Freebase, licensed under CC-BY

Jobs

Bringing in the most money are Senior Underwriters — their earnings average $86K. Insurance Underwriters are a close second at around $66K along with Underwriters (about $64K) and Claims Examiners and Investigators (approximately $61K). On the lower end are Customer Service Representatives at $35K.

Years of Experience

Average pay is typically $69K for those with five or more years experience. Broadly speaking, the largest slice of the Liberty Mutual Insurance Group workforce (30 percent) has a tenure of one to four years and earns approximately $58K annually.

Locations

When it comes to location, the highest average paycheck ($89K per year) can be spotted in the company's headquarter city of Boston; New York (around $88K), Seattle ($79K), and Portsmouth (about $75K) are the next top-paying cities. Expected earnings are below average ($66K) in Dallas, one of the lowest-paid cities. By state, Liberty Mutual Insurance Group employees make the most in Massachusetts, earning $80K annually on average.

Certifications and Degrees

Risk Management Associates are compensated at a much higher rate than non-authorized workers, bringing in close to about $83K. Chartered Property Casualty Underwriters also rank high on the pay scale, with expected earnings of $82K per year. Liberty Mutual Insurance Group compensates Master of Business Administration (MBA), Finance-holders the most at $127K annually.

Skills

The highest paying skill to have in this role seems to be Project Management; employees claiming this as part of the toolbox earn a median of approximately $90K. Insurance is a popular skill among Liberty Mutual Insurance Group workers, with approximately one in four of those surveyed reporting using it on the job. Customer Service, Claim Handling, and Negotiation round out the set of key employee skills.

Benefits and Perks

42 percent have paid vacation, and only about one in six workers can take paid time off for illness. It's easy to build up retirement reserves here with programs such as a 401(k) plan and a company pension plan. Almost all employees have health insurance, and benefits for almost all workers also include dental insurance. Perks also include life insurance, tuition reimbursement, and a casual working environment.

Key Stats

Female
45 %
Male
55 %
Salary
$38,652 - $83,225
Salary
$42,292 - $90,683
Less than 1 year
8%
1-4 years
30%
5-9 years
27%
10-19 years
21%
20 years or more
14%
Extremely satisfied
Rated 5 out of 5
based on 89 votes.

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