When it comes to location, the highest average paycheck ($93K annually) can be spotted in Hartford, Conn.; St. Paul, Minn. (about $79K), Walnut Creek, Calif. (approximately $70K), and New York, N.Y. (around $70K) are the next top-paying cities. Expected earnings are below average ($54K) in Atlanta, Ga., one of the lowest-paid cities. By state, Connecticut offers the highest pay at $92K per year.
Years of Experience
Survey participants who have worked at The Travelers Companies, Inc. for between five and 10 years earn approximately $76K annually on average. The largest fraction of The Travelers Companies, Inc. people (27 percent) have been working for one to four years and earn around $59K per year on average.
Account Executives represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at $81K annually — though Underwriters, Auto Damage Insurance Appraisers, and Insurance Underwriters also do fairly well at $69K, about $63K, and $59K, respectively. With salaries averaging around $50K, Account Managers are among the lowest paid at The Travelers Companies, Inc.
Certifications and Degrees
Licensed Lawyers are compensated at a much higher rate than non-authorized workers, bringing in close to about $132K per year. Project Management Professionals also rank high on the pay scale, with expected average earnings of $114K annually. The best paid folks at The Travelers Companies, Inc. have a Master of Arts (MA), earning $125K per year.
The highest-paying skill to have in this role seems to be Project Management; employees claiming this as part of the toolbox earn a median of $95K annually. It's pretty common to find people here who know Insurance; slightly less than a third consider it a key competency. Some other standard skills here are Customer Service, Claim Handling, and Negotiation.
Benefits and Perks
It's easy to build up retirement reserves here with programs such as a 401(k) plan and a company pension plan. Perks cover health insurance for the vast majority of survey participants and dental coverage for a large number of respondents. The company also dishes out perks such as life insurance, tuition reimbursement, a subsidized cell phone, and flexible hours.