Years of Experience
Survey participants who have worked at Prudential for between five and 10 years earn around $64K per year on average. For those with one to four years of experience, median paychecks reach $52K annually. When we consider tenure, a substantial portion of employees (35 percent) have been working for 10-19 years and make $85K per year on average.
Senior Software Engineers represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at approximately $88K annually — though Business Analysts, Financial Analysts, and Life Insurance Underwriters also do fairly well at about $66K, $65K, and $53K, respectively. Prudential hands out some of the smallest paychecks to Financial Professional Associates (approximately $35K on average).
When it comes to location, the highest average paycheck ($97K per year) can be spotted in Hartford, Conn.; the company's headquarter city of Newark, N.J. ($82K), Philadelphia, Pa. (about $75K), and Shelton, Conn. (around $70K) are the next top-paying cities. Expected earnings are below average (about $49K) in Plymouth, Minn., one of the lowest-paid cities. Pay rates in the United States are highest in the state of Connecticut, where they average to $93K annually.
Certifications and Degrees
FINRA Series 7 General Securities Representatives have significantly higher pay than non-accredited workers at $99K per year. Bigger paychecks are awarded to Chartered Financial Consultants with credentials; these people earn $85K annually on average. It pays to have a Master of Science (MS), Physics at Prudential — these employees make the most at approximately $118K per year.
The highest-paying skill to have may be Strategic Marketing; employees who claim proficiency also report a higher average salary of around $93K annually. A relatively widespread skill at Prudential is Microsoft Excel; close to a fifth of employees use it for work. Three more common skills are Data Analysis, Project Management, 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. Most employees receive health insurance, and a fair number of workers get dental coverage. Privileges also include life insurance, tuition reimbursement, flexible hours, and a stock purchase plan.