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. Employees at PennyMac make $64K per year on average. At PennyMac, the biggest piece of the paycheck puzzle is your experience level — it impacts salary more than anything else — though where you live and your role at the company each factor into the equation as well. The data for this overview comes from answers to PayScale's salary questionnaire.

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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


Source: Freebase

Years of Experience

For those with one to four years of experience, median paychecks reach around $69K annually. Five to nine years of work experience seem to result in median wages of approximately $57K per year. The greater proportion of employees (41 percent) report 10-19 years of experience and bring home median pay of $78K annually.

Locations

When it comes to location, the highest average paycheck ($80K per year) can be spotted in Los Angeles, Calif.; Thousand Oaks, Calif. (about $77K), Dallas, Texas ($75K), and the company's headquarter city of Moorpark, Calif. (approximately $68K) are the next top-paying cities. Fort Worth, Texas is one of the lowest-paid cities, with earnings averaging $63K. PennyMac workers in California earn the most — about $72K annually on average.

Jobs

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

Certifications and Degrees

Those lacking certification bring in much lower salaries than Chartered Financial Analysts, who make around $65K per year. It pays to have a Bachelor of Science in Bachelor of Science (BS / BSc) at PennyMac — these employees make the most at approximately $74K annually.

Skills

Employees who count Project Management among their skills enjoy higher pay; the median for this group is $77K per year. A skill that is commonly seen around here is Data Analysis; more than a third deem it necessary for work. Key skills also include Microsoft Excel, Financial Analysis, and Financial Modeling.

Benefits and Perks

A fair number of respondents take advantage of the 401(k) plan that PennyMac sponsors. Health insurance comes as part of the deal for a large number of survey participants, and most workers report receiving dental coverage as well. 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.
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:
United States (change)

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