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.
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.
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.
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.