The highest average salaries go to Corporate Counsels, who bring in close to approximately $138K annually, though Financial Analysts are not far behind at about $66K along with Compliance Analysts ($64K) and Account Executives ($63K). Sales Support Specialists make an average around $45K, close to the bottom of the company pay scale.
Years of Experience
For those with five to nine years of experience, average earnings amount to $58K per year. Broken down by tenure, the largest share of Principal Financial Group employees (28 percent) have one to four years of experience and earn about $51K annually on average.
When it comes to location, the highest average paycheck (around $73K per year) can be spotted in Houston, Texas; Columbia, Md. ($67K), Des Moines, Iowa ($61K), and Irvine, Calif. (approximately $61K) are the next top-paying cities. Jacksonville, Fla. is near the bottom for pay at $53K. By state, the highest compensation levels appear in Texas, where the average salary is $73K annually.
Certifications and Degrees
Salaries approach around $120K per year for Fellow of the Society of Actuaries; non-accredited workers make much less. Earning a Licensed Lawyer certification garners significant financial rewards of approximately $108K annually on average. It pays to have a Bachelor of Science in Finance at Principal Financial Group — these employees make the most at $91K per year.
In this role, the best-paying skill appears to be SQL; individuals who claim it among their capabilities enjoy a higher median salary of about $81K annually. A garden variety skill at Principal Financial Group is Customer Service; around one in eight of Principal Financial Group's people use it regularly. Other top skills include Microsoft Excel, Java, and Financial Analysis.
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. Health insurance is part of the package for almost all respondents, and for a large number of survey participants, dental coverage is too. Principal Financial Group employees also enjoy perks such as a stock purchase plan, flexible hours, gym membership, and life insurance.