Years of Experience
Those who have five to nine years of work experience see an average salaries of $57K. For those with one to four years of experience, paychecks typically reach $48K. Broken down by tenure, the largest share of Principal Financial Group employees (33 percent) have 10-19 years of experience and typically earn approximately $70K annually.
Bringing in the most money are Relationship Managers — their earnings average about $78K. Operations Managers are a close second at around $74K along with Account Managers ($67K) and Account Executives ($64K). Investor Relations Specialists are among the lowest paid at about $38K.
When it comes to location, the highest average paycheck (approximately $73K per year) can be spotted in Houston; Irvine ($68K), Columbia (around $67K), and Des Moines ($63K) are the next top-paying cities. Approaching the lower end of the pay scale (at $52K) is Jacksonville. The highest pay by state can be found in Texas, where salaries average out at $73K annually.
Certifications and Degrees
Project Management Professionals earn $118K, far more than their non-accredited counterparts. Earning a Licensed Lawyer certification garners significant financial rewards of about $108K per year. Those with a Bachelor of Science in Finance at Principal Financial Group come out on top, and their salaries approach approximately $91K annually.
When it comes to skills, employees who report Project Management among their abilities seem to make the most, reporting a median income of around $81K. Customer Relationship Management is a popular skill among Principal Financial Group workers, with just under a fifth of those surveyed reporting using it on the job. Three more common skills are Microsoft Office, Microsoft Excel, and Customer Service.
Benefits and Perks
With an eye toward the future, Principal Financial Group offers several choices in retirement planning such as a 401(k) plan and a company pension plan. Health insurance is part of the package for a strong majority of workers, and for the greater part of workers, dental coverage is too. Other privileges include a stock purchase plan, life insurance, flexible hours, and gym membership.