Average Salary for PennyMac Employees

Based in Moorpark, Calif.,mortgage lending / loans / credit products player PennyMac offers many employment opportunities, including Financial Analyst and Business Analyst positions. The average PennyMac employee earns $64K annually. How long you've been working influences pay for PennyMac workers the most, followed by where you live and your job title. This report is based on responses to the PayScale salary survey.

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Employer: PennyMac
Average Salary Range by Job

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About This Company

Moorpark, California 

Mortgage Lending / Loans / Credit Products


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Years of Experience

Those with one to four years of experience at the company can expect to make about $69K per year on average. For those who claim five to nine years of work experience, pay on average amounts to around $57K annually. Overall, the greater share of PennyMac folks have 10-19 years of experience and earn an average $78K per year.

Locations

When it comes to location, the highest average paycheck (approximately $80K annually) can be spotted in Los Angeles, Calif.; Thousand Oaks, Calif. ($77K), Dallas, Texas ($75K), and the company's headquarter city of Moorpark, Calif. (around $68K) are the next top-paying cities. On the lower end is Fort Worth, Texas at $63K. By state, PennyMac employees make the most in California, earning $72K per year on average.

Jobs

Nearing the top of the pay scale are Business Analysts and Financial Analysts; the former receives the highest median pay at about $64K annually while approximately $57K per year is the norm for the latter.

Certifications and Degrees

Chartered Financial Analysts have significantly higher pay than non-accredited workers at $65K annually. At PennyMac, employees who hold a Bachelor of Science in Bachelor of Science (BS / BSc) receive the highest salaries at around $74K.

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 $77K per year. A skill that is commonly seen around here is Data Analysis; over a third deem it necessary for work. Microsoft Excel, Financial Analysis, and Financial Modeling are also desirable skills.

Benefits and Perks

A 401(k) program is available, and a strong majority of respondents use it to save for retirement. A large number of respondents have health insurance, and benefits for a large number of employees also include dental insurance. PennyMac folks also make good use of 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

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.
035
Less than 1 year
3%
1-4 years
35%
5-9 years
25%
10-19 years
35%
20 years or more
3%
Location:
Years in Fields/Career:
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