Average Salary for Principal Financial Group Employees

Compensation for Principal Financial Group employees is around $62K per year on average. Principal Financial Group paychecks are largely negotiated based on your role at the company, though your experience level and your city are also considered. 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

Bringing in the most money are Software Applications Analysts — their earnings average approximately $77K annually. Application Developers are a close second at about $69K along with Financial Analysts ($66K) and Compliance Analysts (around $61K). Financial Advisors make an average $45K, close to the bottom of the company pay scale.

Years of Experience

Respondents who have been working for five to nine years make $61K per year on average. Overall, the greater share of Principal Financial Group folks have one to four years of experience and earn an average approximately $56K annually.

Locations

When it comes to location, the highest average paycheck (around $62K per year) can be spotted in Des Moines, Iowa; Dallas, Texas ($59K), Wilmington, Del. ($51K), and Tampa, Fla. (about $50K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Nashville, Tenn. — at $44K, salaries are some of the lowest in the country. Within the firm, employees working in Florida take home the most — around $75K annually on average.

Certifications and Degrees

Licensed Lawyers receive bigger paychecks ($101K per year) than those without credentials. General Securities Principals also rank high on the pay scale, with expected average earnings of approximately $92K annually. Regarding salaries and education, Principal Financial Group pays those with an Associate of Applied Science (AAS) the most — $85K.

Skills

When it comes to skills, employees who report SQL among their abilities seem to make the most, reporting a median income of $66K per year. A garden variety skill at Principal Financial Group is Customer Service; about a sixth of Principal Financial Group's people use it regularly. Some other standard skills here are Microsoft Excel, Microsoft Office, and Financial Analysis.

Benefits and Perks

Workers can easily stock up on retirement savings by participating in several options such as a 401(k) plan and a company pension plan. Health insurance is part of the package for a large number of employees, and for a large number of workers, dental coverage is too. Other privileges include flexible hours, gym membership, a stock purchase plan, and a casual working environment.

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Key Stats for Principal Financial Group

Gender

Female
38 %
Male
62 %
Salary
$35,139 - $70,896
Salary
$41,656 - $90,560
Less than 1 year
8%
1-4 years
37%
5-9 years
19%
10-19 years
21%
20 years or more
15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 33 votes.

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