The highest paychecks go to Financial Analysts, who earn an average approximately $72K annually, closely trailed by Financial Advisors ($55K), Executive Assistants (around $41K), and Investment Advisor Assistants ($37K). Financial compensation for Administrative Assistants is rather low — on average only $33K — relative to the rest of the company.
When it comes to location, the highest average paycheck (about $62K per year) can be spotted in the company's headquarter city of Milwaukee, Wisc.; Washington, DC ($49K), New York, N.Y. (approximately $46K), and Denver, Colo. ($43K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Grand Rapids, Mich. — at about $33K, salaries are some of the lowest in the country. By state, the highest pay levels are found in Wisconsin, where the average The Northwestern Mutual Life Insurance Company employee makes around $62K annually.
Years of Experience
For those with five to nine years of experience, average earnings amount to $52K per year. The largest fraction of The Northwestern Mutual Life Insurance Company people (50 percent) have been working for one to four years and earn $38K annually on average.
Certifications and Degrees
Certified Financial Planners receive bigger paychecks ($49K per year) than those without credentials. Bigger paychecks are awarded to FINRA Series 7 General Securities Representatives with credentials; these people earn around $48K annually on average. Regarding salaries and education, The Northwestern Mutual Life Insurance Company pays those with a Bachelor of Business Administration (BBA), Management Information Systems (MIS) the most — approximately $59K.
Employees who count Sales among their skills enjoy higher pay; the median for this group is about $56K per year. Customer Service also popped up often in the survey as an important skill; slightly less than a fifth of employees surveyed report using it at work. Employees also tend to know Microsoft Office, Microsoft Excel, and Financial Analysis.
Benefits and Perks
Paid time off is in short supply here, with only two in five respondents receiving paid vacation and one in eight workers receiving paid sick days. Workers can easily stock up on retirement savings by participating in several options such as a 401(k) plan and a company pension plan. Perks cover health insurance for a majority of workers and dental coverage for around half of workers. Employees can also look forward to life insurance, tuition reimbursement, and flexible hours.