Average Salary for PennyMac Employees

The average PennyMac employee earns $70K annually. Geography influences pay for PennyMac workers the most, followed by how long you've been working. This report is based on 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


Freebase CC-BY Source: Freebase, licensed under CC-BY

Years of Experience

Those with one to four years of experience at the company can expect to make $62K per year on average. Overall, the greater share of PennyMac folks have five to nine years of experience and earn an average around $60K annually.

Locations

Residents of Los Angeles, Calif. pick up paychecks that are higher than any other city — the median salary is $85K per year; other top-paying cities include the company's headquarter city of Moorpark, Calif. ($72K) and Fort Worth, Texas (approximately $50K). By state, the highest compensation levels appear in California, where the average salary is about $70K annually.

Jobs

Earning approximately $104K per year on average, Senior Application Developers receive the most money.

Certifications and Degrees

The highest-paying degree here is a Bachelor's Degree; PennyMac awards $68K to these degree-holders.

Skills

When it comes to skills, C# seems to bolster pay the most; employees who claim proficiency also enjoy a median income of about $104K annually. Microsoft Office also popped up often in the survey as an important skill; one in four of employees surveyed report using it at work. Data Analysis, Microsoft SQL Server, and Financial Analysis are also desirable skills.

Benefits and Perks

PennyMac sponsors a 401(k) program, and almost all employees use this option to save for their retirement. The vast majority of survey participants have health insurance, and benefits for nearly all survey participants also include dental insurance.

PennyMac Job Listings

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Key Stats for PennyMac

Gender

Female
64 %
Male
36 %
Salary
$48,000 - $90,000
Salary
$57,391 - $77,500
1-4 years
17%
5-9 years
43%
10-19 years
35%
20 years or more
4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 2 votes.

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