Average Salary for Principal Financial Group Employees

The median salary at Principal Financial Group is $61K per year. Though your experience level and geography are influential salary factors for those at Principal Financial Group, your role at the company turns out to have the greatest impact on paycheck size. This overview is based on answers to PayScale's salary questionnaire.

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Employer: Principal Financial Group
Average Salary Range by Job
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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

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.

Locations

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.

Skills

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.

Principal Financial Group Job Listings

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Key Stats for Principal Financial Group

Gender

Female
43 %
Male
57 %
Salary
$35,479 - $63,974
Salary
$43,631 - $97,574
Less than 1 year
6%
1-4 years
29%
5-9 years
26%
10-19 years
24%
20 years or more
15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 15 votes.

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