Average Salary for PennyMac Employees

Moorpark, Calif.-based PennyMac hires for positions ranging from Financial Analyst to Business Analyst in the mortgage lending / loans / credit products. The average PennyMac employee earns $64K annually. Though geography and your job title do impact pay, how long you've been working is the primary influence on employee salary at PennyMac. The data for this overview comes from answers to PayScale's salary questionnaire.

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Employer: PennyMac
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About This Company

Moorpark, California 

Mortgage Lending / Loans / Credit Products


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

Years of Experience

Between the one and five year mark, median pay is approximately $69K per year. Respondents who have been working for five to nine years make $57K annually on average. The greater proportion of employees (41 percent) report 10-19 years of experience and bring home median pay of $78K per year.

Locations

When it comes to location, the highest average paycheck ($80K annually) can be spotted in Los Angeles, Calif.; Thousand Oaks, Calif. (around $77K), Dallas, Texas (about $75K), and the company's headquarter city of Moorpark, Calif. (around $68K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Fort Worth, Texas — at $63K, salaries are some of the lowest in the country. Across its U.S. offices, the state of California pays PennyMac the most — about $72K per year on average.

Jobs

Business Analysts rake in the most money, with average earnings of $64K annually; Financial Analysts come in second with median earnings amounting to $57K per year.

Certifications and Degrees

Being a Chartered Financial Analyst certainly has its perks — salaries approach approximately $65K annually and far exceed the paychecks of those without certification. The highest-paying degree here is a Bachelor of Science in Bachelor of Science (BS / BSc); PennyMac awards about $74K to these degree-holders.

Skills

The highest-paying skill in this position seems to be Project Management; individuals who report it as part of the repertoire have a median income of around $77K per year. Data Analysis is a popular skill in the PennyMac workforce; over a third of those surveyed report putting it to use in their jobs. Other top skills include Microsoft Excel, Financial Analysis, and Financial Modeling.

Benefits and Perks

A fair number of employees participate in a 401(k) program. PennyMac provides health insurance to a large number of survey participants, and most employees do receive dental coverage. Advantages of working here also include gym membership.

PennyMac Employer Job Listings

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Key Stats for PennyMac

Gender

Female
55 %
Male
45 %
Salary
$45,302 - $77,092
Salary
$54,442 - $80,000
Less than 1 year
3%
1-4 years
35%
5-9 years
25%
10-19 years
35%
20 years or more
3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.

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