Business Consultants are awarded the highest paychecks, with compensation nearing approximately $87K annually on average; Certified Financial Planners are next on the list, bringing in close to $60K, followed by Financial Advisors earning around $48K and Associate Financial Representatives making $38K. Financial compensation for Financial Representatives is rather low — on average only about $24K — relative to the rest of the company.
Years of Experience
For those with five to nine years of experience, average earnings amount to $60K per year. The greater proportion of employees (50 percent) report one to four years of experience and bring home median pay of around $40K annually.
When it comes to location, the highest average paycheck ($70K per year) can be spotted in Boston, Mass.; the company's headquarter city of Milwaukee, Wisc. ($65K), New York, N.Y. (about $54K), and Houston, Texas (approximately $53K) are the next top-paying cities. High paychecks are not found in Chicago, Ill.; in fact, at $47K it is one of the worst-paid cities. The Northwestern Mutual Life Insurance Company workers in Wisconsin earn the most — approximately $64K annually on average.
Certifications and Degrees
Monetary compensation comes to $51K per year for Certified Financial Planners, far surpassing the earnings of non-credentialed workers. Becoming a Licensed Producer can certainly pay off here; those folks make about $50K on average. It pays to have a Master of Business Administration (MBA), Business Administration at The Northwestern Mutual Life Insurance Company — these employees make the most at $96K annually.
When it comes to skills, Investment Planning seems to bolster pay the most; employees who claim proficiency also enjoy a median income of $49K per year. Customer Service is a popular skill among The Northwestern Mutual Life Insurance Company workers, with one-fourth of those surveyed reporting using it on the job. Many workers are also familiar with Insurance, Financial Analysis, and Microsoft Excel.
Benefits and Perks
Paid time off is in short supply here, with only 31 percent receiving paid vacation and one in ten respondents receiving paid sick days. Employees looking to save up for old age can choose from several options including a 401(k) plan and a company pension plan. For a majority of respondents, benefits include health insurance, and more than two-fifths of workers get dental coverage, too. Other privileges include life insurance, tuition reimbursement, and flexible hours.