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.
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.
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.
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.