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Average Salary for PennyMac Employees

Operating out of Moorpark, Calif., mortgage lending / loans / credit products company PennyMac employs talent in positions ranging from Senior Application Developer to Telecommunications Engineer. Compensation for PennyMac employees is around $72K annually on average. The most important factor affecting pay for PennyMac employees is your role at the company, though how long you've been working and geography play a role as well. This overview is based on answers to PayScale's salary questionnaire.

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How This Employer Pays

PennyMac typically pays:
-2%
below market

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Employer: PennyMac
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
[-]Senior Application Developer (2)
$75,785 - $129,692  
   
[-]Senior Application Developer (2)
Salary$77,078 - $128,813  
   
Total Pay$75,785 - $129,692  
[+]SQL Developer (2)
$41,828 - $100,721  
   
[+]SQL Developer (2)
Salary$43,558 - $81,689  
   
Total Pay$41,828 - $100,721  
[+]Telecommunications Engineer (2)
$57,090 - $107,738  
   
[+]Telecommunications Engineer (2)
Salary$60,511 - $101,775  
   
Total Pay$57,090 - $107,738  
 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: 30 Mar 2015 | Individuals Reporting: 22

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About This Company

Moorpark, California 

Mortgage Lending / Loans / Credit Products


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

Jobs

The highest paychecks go to Senior Application Developers, who earn around $104K per year on average, closely trailed by Telecommunications Engineers (approximately $85K) and SQL Developers (about $61K).

Years of Experience

Workers who have been with the company for more than one year but less than five can make $61K annually on average. Broken down by tenure, the largest share of PennyMac employees (50 percent) have five to nine years of experience and earn $66K per year on average.

Locations

Residents of the company's headquarter city of Moorpark, Calif. pick up paychecks that are higher than any other city — the median salary is $75K annually; other top-paying cities include Los Angeles, Calif. (about $56K) and Fort Worth, Texas ($50K). Within the company, workers earn the highest salaries (an average of $70K per year) in Texas.

Certifications and Degrees

Regarding salaries and education, PennyMac pays those with a Bachelor of Science in Business Administration the most — approximately $65K.

Skills

The highest-paying skill to have in this role seems to be .NET; employees claiming this as part of the toolbox earn a median of around $104K annually. Microsoft Office is considered a run-of-the-mill skill; just over one in five of PennyMac's people use it regularly. Other top skills include Microsoft SQL Server, Financial Analysis, and Facilitator.

Benefits and Perks

Nearly all respondents allocate some part of their earnings to the company-sponsored 401(k) savings plan. Perks cover health insurance for almost all employees and dental coverage for nearly all survey participants.

Key Stats for PennyMac

Gender

Female
50 %
Male
50 %
Salary
$48,000 - $90,000
Salary
$58,958 - $80,000
1-4 years
32%
5-9 years
45%
10-19 years
18%
20 years or more
5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.
United States (change)

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