Earning about $97K annually on average, Risk Control Consultants receive the most money, followed by Account Executives ($79K), Senior Underwriters (around $75K), and Insurance Underwriters ($70K). Account Managers are among the lowest paid at a median salary of $50K.
Years of Experience
For those who claim five to nine years of work experience, pay on average amounts to approximately $76K per year. Workers who have been with the company for more than one year but less than five can make about $56K annually on average. Overall, the greater share of The Travelers Companies, Inc. folks have 10-19 years of experience and earn an average $86K per year.
When it comes to location, the highest average paycheck (around $93K annually) can be spotted in Hartford, Conn.; Denver, Colo. (approximately $80K), St. Paul, Minn. ($76K), and Walnut Creek, Calif. ($73K) are the next top-paying cities. Baltimore, Md. is near the bottom for pay at around $62K. By state, Connecticut offers the highest pay at approximately $91K per year.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Licensed Lawyers, who make $129K annually. Acquiring certification to be a Project Management Professional is rewarded with median pay of $110K per year. It pays to have a law degree at The Travelers Companies, Inc. — these employees make the most at about $120K annually.
When it comes to skills, employees who report Project Management among their abilities seem to make the most, reporting a median income of $100K per year. Insurance is a popular skill in the The Travelers Companies, Inc. workforce; just under a third of those surveyed report putting it to use in their jobs. Three more common skills are Customer Service, Claim Handling, and Negotiation.
Benefits and Perks
As part of compensation, The Travelers Companies, Inc. gives paid vacation to two-fifths of survey participants and paid sick leave to one-seventh of survey participants. With an eye toward the future, The Travelers Companies, Inc. offers several choices in retirement planning such as a 401(k) plan and a company pension plan. For nearly all survey participants, benefits include health insurance, and most employees get dental coverage, too. Some other advantages of working at The Travelers Companies, Inc. are life insurance, a subsidized cell phone, and tuition reimbursement.