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.
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.
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.
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.