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Average Salary for Principal Financial Group Employees

The median salary at Principal Financial Group is $59K per year. Your job title is the biggest factor affecting pay for Principal Financial Group workers, followed by your experience level and your city. This report is based on responses to the PayScale salary survey.

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How This Employer Pays

Principal Financial Group typically pays:
5%
above market

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Employer: Principal Financial Group
Average Salary Range by Job
Job (Number Reporting)
National Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$27K$54K$81K
[-]Administrative Assistant (4)
$27,055 - $53,593  
   
[-]Administrative Assistant (4)
Salary$34,978 - $63,465  
   
Total Pay$27,055 - $53,593  
[+]Sales Support Specialist (4)
$31,738 - $71,946  
   
[+]Sales Support Specialist (4)
Salary$32,151 - $64,805  
   
Bonus$495.56 - $11,326  
Total Pay$31,738 - $71,946  
[+]Marketing Consultant (3)
$31,263 - $78,824  
   
[+]Marketing Consultant (3)
Salary$29,631 - $67,376  
   
Bonus$359.02 - $9,038  
Total Pay$31,263 - $78,824  
[+]Financial Analyst (2)
$45,153 - $74,180  
   
[+]Financial Analyst (2)
Salary$46,001 - $71,374  
   
Total Pay$45,153 - $74,180  
 Precise Range (?
XPrecise ranges are calculated based on validated data submitted by employees in this job at this company.
)     Estimated Range (?
XWhen PayScale has limited employee-submitted data, we base estimated ranges on a broader set of relevant employee profiles to calculate the most accurate ranges for this job at this company.
)
Country: United States | Currency: USD | Updated: 29 Mar 2015 | Individuals Reporting: 91

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About This Company

United States of America 

Accident and Health Insurance, Financial Services

Principal Financial Group, The


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

Jobs

Corporate Counsels are the best paid with the average salary hovering at about $138K annually; Directors of Operations, Marketing Directors, and Account Managers also rank near the top of the list, pulling in $130K, around $77K, and approximately $67K, respectively. Earning only $45K on average, Sales Support Specialists make less than most people in the company.

Years of Experience

For those who claim five to nine years of work experience, pay on average amounts to $56K per year. For those with one to four years of experience, median paychecks reach $51K annually. When we consider tenure, a substantial portion of employees (28 percent) have been working for 10-19 years and make about $70K per year on average.

Locations

When it comes to location, the highest average paycheck ($73K annually) can be spotted in Houston, Texas; Columbia, Md. (around $67K), Irvine, Calif. ($61K), and St. Louis, Mo. (approximately $60K) are the next top-paying cities. On the lower end is Jacksonville, Fla. at $53K. Principal Financial Group workers in Texas earn the most — $73K per year on average.

Certifications and Degrees

Project Management Professionals receive bigger paychecks (around $118K annually) than those without credentials. Licensed Lawyers also rank high on the pay scale, with expected average earnings of approximately $108K per year. It pays to have a Master of Business Administration (MBA) at Principal Financial Group — these employees make the most at about $98K annually.

Skills

In this position, it pays to have SQL in your toolkit; employees who claim proficiency enjoy a higher median salary of $79K per year. A common skill in Principal Financial Group's work force is Microsoft Excel; nearly one in seven of survey participants report using it on the job. Employees also tend to know Customer Service, Microsoft Office, and Customer Relationship Management.

Benefits and Perks

The firm looks out for its employees by sponsoring assorted retirement savings plans such as a 401(k) plan and a company pension plan. A large number of employees can count on health insurance, and a large number of respondents have dental coverage as a benefit. Perks also include a stock purchase plan, flexible hours, gym membership, and life insurance.

Principal Financial Group Job Listings

We were unable to find any job listings. With PayScale's Job Search Engine you can search one of the web's most comprehensive job listings databases, so give it a try.

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Key Stats for Principal Financial Group

Gender

Female
45 %
Male
55 %
Salary
$35,479 - $61,160
Salary
$45,789 - $98,420
Less than 1 year
7%
1-4 years
26%
5-9 years
25%
10-19 years
27%
20 years or more
14%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.
United States (change)

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