Senior Application Developers are the best paid with the average salary hovering at $104K per year; Telecommunications Engineers and SQL Developers also rank near the top of the list, pulling in about $85K and approximately $61K, respectively.
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. When we consider tenure, a substantial portion of employees (48 percent) have been working for five to nine years and make $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 around $75K annually; other top-paying cities include Los Angeles, Calif. (about $60K) and Fort Worth, Texas (approximately $50K). Within the company, workers earn the highest salaries (an average of around $70K per year) in Texas.
Certifications and Degrees
The highest-paying degree here is a Bachelor of Science in Business Administration; PennyMac awards $65K to these degree-holders.
When it comes to skills, employees who report C# among their abilities seem to make the most, reporting a median income of $104K annually. Microsoft SQL Server is a popular skill in the PennyMac workforce; nearly one in five of those surveyed report putting it to use in their jobs. Employees also tend to know Microsoft Office, Financial Analysis, and Data Analysis.
Benefits and Perks
Nearly all respondents report contributing to a 401(k). PennyMac provides health insurance to the vast majority of respondents, and almost all workers do receive dental coverage.