Directors of Operations are the best paid with the average salary hovering at $130K annually; Marketing Directors, Account Executives, and Inside Sales Specialists also rank near the top of the list, pulling in approximately $77K, about $63K, and $56K, respectively. Near the bottom at Principal Financial Group are Investor Relations Specialists, pulling in an average of just around $38K.
Years of Experience
Those with one to four years of experience at the company can expect to make $51K per year on average. Those who have five to nine years of work experience see average salaries of around $58K annually. The largest slice of the Principal Financial Group workforce (27 percent) has been working for 10-19 years and earns, on average, approximately $78K per year.
When it comes to location, the highest average paycheck (about $67K annually) can be spotted in Columbia, Md.; Irvine, Calif. ($61K), Des Moines, Iowa ($61K), and St. Louis, Mo. ($60K) are the next top-paying cities. Approaching the lower end of the pay scale (at about $52K) is Appleton, Wisc. The highest pay by state can be found in Texas, where salaries average out at $73K per year.
Certifications and Degrees
Being a Fellow of the Society of Actuaries certainly has its perks — salaries approach approximately $120K annually and far exceed the paychecks of those without certification. On average, salaries rise to $108K per year for accredited Licensed Lawyers. The best paid folks at Principal Financial Group have a Master of Business Administration (MBA), earning $98K annually.
In this role, the best-paying skill appears to be SQL; individuals who claim it among their capabilities enjoy a higher median salary of around $79K per year. Java is regularly seen around here; nearly one in eight of those surveyed report it as a core competency. Other top skills include Customer Relationship Management, Microsoft Excel, and Customer Service.
Benefits and Perks
It's easy to build up retirement reserves here with programs such as a 401(k) plan and a company pension plan. Principal Financial Group provides health insurance to a large number of survey participants, and most employees do receive dental coverage. Principal Financial Group folks also make good use of a stock purchase plan, flexible hours, gym membership, and life insurance.