When it comes to location, the highest average paycheck ($94K per year) can be spotted in Hartford, Conn.; St. Paul, Minn. ($80K), Walnut Creek, Calif. (around $71K), and Los Angeles, Calif. (approximately $64K) are the next top-paying cities. Orlando, Fla. is near the bottom for pay at about $49K. By state, the highest pay levels are found in Connecticut, where the average The Travelers Companies, Inc. employee makes $93K annually.
Years of Experience
Those with one to four years of experience at the company can expect to make $58K per year on average. Those who have five to nine years of work experience see average salaries of around $76K annually. Overall, the greater share of The Travelers Companies, Inc. folks have 10-19 years of experience and earn an average $93K per year.
The highest average salaries go to Account Executives, who bring in close to about $75K annually, though Insurance Underwriters are not far behind at approximately $72K along with Underwriters ($70K) and Claims Examiners and Investigators ($64K). Account Managers make an average $51K, close to the bottom of the company pay scale.
Certifications and Degrees
Being a Project Management Professional certainly has its perks — salaries approach $114K per year and far exceed the paychecks of those without certification. Earning a Certified Safety Professional certification garners significant financial rewards of about $101K annually on average. The Travelers Companies, Inc. compensates Master of Arts (MA)-holders the most at around $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 approximately $99K annually. One of the more prevalent skills at The Travelers Companies, Inc. is Insurance, with just under a third considering it a key competency. Customer Service, Claim Handling, and Negotiation were also reported by many survey participants.
Benefits and Perks
Quite a few retirement plans are on offer at The Travelers Companies, Inc., including a 401(k) plan and a company pension plan. Health insurance is part of the package for nearly all employees, and for most respondents, dental coverage is too. Other privileges include life insurance, tuition reimbursement, a company cell phone, and flexible hours.