Years of Experience
For those who claim five to nine years of work experience, pay on average amounts to around $64K annually. For those with one to four years of experience, median paychecks reach $52K per year. Broken down by tenure, the largest share of Prudential employees (35 percent) have 10-19 years of experience and earn approximately $85K annually on average.
Earning $88K per year on average, Senior Software Engineers receive the most money, followed by Business Analysts (about $66K), Financial Analysts ($65K), and Life Insurance Underwriters (about $53K). Financial Professional Associates at Prudential do not see much in the way of financial compensation and represent one of the lower-paid positions ($35K on average) at the company.
When it comes to location, the highest average paycheck (approximately $97K annually) can be spotted in Hartford, Conn.; the company's headquarter city of Newark, N.J. ($82K), Philadelphia, Pa. (around $75K), and Shelton, Conn. ($70K) are the next top-paying cities. Plymouth, Minn. is near the bottom for pay at $49K. The highest pay by state can be found in Connecticut, where salaries average out at $93K per year.
Certifications and Degrees
Those lacking certification bring in much lower salaries than FINRA Series 7 General Securities Representatives, who make about $99K annually. Acquiring certification to be a Chartered Financial Consultant is rewarded with median pay of $85K per year. At Prudential, employees who hold a Master of Science (MS), Physics receive the highest salaries at approximately $118K.
In this role, the best-paying skill appears to be Strategic Marketing; individuals who claim it among their capabilities enjoy a higher median salary of around $93K annually. Microsoft Excel is regularly seen around here; roughly one in five of those surveyed report it as a core competency. Key skills also include Data Analysis, Project Management, and Financial Analysis.
Benefits and Perks
Those seeking to set aside retirement funds can rely on several savings options such as a 401(k) plan and a company pension plan. For most respondents, benefits include health insurance, and a fair number of workers get dental coverage, too. Additional benefits of working here are life insurance, tuition reimbursement, flexible hours, and a stock purchase plan.