When it comes to location, the highest average paycheck (about $95K annually) can be spotted in Hartford, Conn.; St. Paul, Minn. ($81K), Walnut Creek, Calif. ($70K), and Los Angeles, Calif. ($64K) are the next top-paying cities. High paychecks are not found in Orlando, Fla.; in fact, at approximately $49K it is one of the worst-paid cities. Across The Travelers Companies, Inc.'s U.S. offices, employees in the state of Connecticut earn the most, taking home around $93K per year.
Years of Experience
Survey participants who have worked at The Travelers Companies, Inc. for between five and 10 years earn $78K annually on average. The largest slice of the The Travelers Companies, Inc. workforce (26 percent) has been working for one to four years and earns, on average, $58K per year.
Account Executives earn the highest median pay at $81K annually, followed by Insurance Underwriters (around $72K), Underwriters (approximately $70K), and Claims Examiners and Investigators (about $64K). Financial compensation for Account Managers is rather low — on average only $51K — relative to the rest of the company.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Project Management Professionals, who make about $120K per year. On average, salaries rise to $96K annually for accredited Risk Management Associates. Regarding salaries and education, The Travelers Companies, Inc. pays those with a Master of Arts (MA) the most — $135K.
When it comes to skills, Project Management seems to bolster pay the most; employees who claim proficiency also enjoy a median income of around $99K per year. Insurance is a popular skill in the The Travelers Companies, Inc. workforce; slightly less than a third of those surveyed report putting it to use in their jobs. Employees also tend to know Customer Service, Claim Handling, and Negotiation.
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. Almost all employees receive health insurance, and a large number of respondents get dental coverage. Advantages of working here also include life insurance, tuition reimbursement, a subsidized cell phone, and flexible hours.