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.
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.
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.