Software Applications Analysts earn the highest median pay at $77K annually, followed by Application Developers ($69K), Financial Analysts (about $66K), and Relationship Managers ($64K). Near the bottom at Principal Financial Group are Financial Advisors, pulling in an average of just approximately $45K.
When it comes to location, the highest average paycheck (around $70K per year) can be spotted in Irvine, Calif.; Des Moines, Iowa ($63K), Wilmington, Del. (about $62K), and Dallas, Texas ($59K) are the next top-paying cities. Expected earnings are below average ($44K) in Nashville, Tenn., one of the lowest-paid cities. By state, the highest compensation levels appear in California, where the average salary is approximately $70K annually.
Years of Experience
Those who have five to nine years of work experience see average salaries of around $63K per year. The largest slice of the Principal Financial Group workforce (37 percent) has been working for one to four years and earns, on average, $55K annually.
Certifications and Degrees
Salaries approach $109K per year for Certified Business Analysis Professionals; non-accredited workers make much less. Acquiring certification to be a Certified Six Sigma Green Belt is rewarded with median pay of around $92K annually. At Principal Financial Group, employees who hold an Associate of Applied Science (AAS) receive the highest salaries at about $85K.
In this role, the best-paying skill appears to be SQL; individuals who claim it among their capabilities enjoy a higher median salary of $69K per year. Microsoft Excel is considered a run-of-the-mill skill; approximately one in seven of Principal Financial Group's people use it regularly. Customer Service, Microsoft Office, and Customer Relationship Management are also desirable skills.
Benefits and Perks
Principal Financial Group helps its workers sock away funds for retirement, offering plans such as a 401(k) plan and a company pension plan. Health insurance is part of the package for a large number of respondents, and for most employees, dental coverage is too. A few more workplace perks are gym membership, a stock purchase plan, flexible hours, and a casual working environment.