Years of Experience
Respondents who have been working for five to nine years make around $74K annually on average. Workers who have been with the company for more than one year but less than five can make $58K per year on average. Broken down by tenure, the largest share of The Travelers Companies, Inc. employees (27 percent) have 10-19 years of experience and earn approximately $90K annually on average.
When it comes to location, the highest average paycheck ($92K per year) can be spotted in Hartford, Conn.; St. Paul, Minn. ($81K), New York, N.Y. (about $72K), and Walnut Creek, Calif. (approximately $71K) are the next top-paying cities. On the lower end is Baltimore, Md. at $58K. By state, The Travelers Companies, Inc. employees make the most in Pennsylvania, earning $95K annually on average.
Nearing the top of the pay scale are Account Executives, Underwriters, Auto Damage Insurance Appraisers, and Insurance Claims Adjusters; while the first receives the highest median pay at $77K per year, the other salaries come in at around $70K, about $62K, and approximately $58K, respectively. Account Managers at The Travelers Companies, Inc. do not see much in the way of financial compensation and represent one of the lower-paid positions ($50K on average) at the company.
Certifications and Degrees
Licensed Lawyers are compensated at a much higher rate than non-authorized workers, bringing in close to about $130K annually. On average, salaries rise to around $108K per year for accredited Project Management Professionals. Employees who have a Master of Arts (MA) make the most here, hauling in $125K annually.
When it comes to skills, Project Management seems to bolster pay the most; employees who claim proficiency also enjoy a median income of $94K per year. Insurance is considered a run-of-the-mill skill; nearly one in four of The Travelers Companies, Inc.'s people use it regularly. Other top skills include Customer Service, Claim Handling, and Negotiation.
Benefits and Perks
Workers who save for retirement get lots of help because the company offers a number of savings programs including a 401(k) plan and a company pension plan. For almost all survey participants, benefits include health insurance, and most respondents get dental coverage, too. Privileges also include life insurance, tuition reimbursement, a subsidized cell phone, and flexible hours.