Years of Experience
Those who have five to nine years of work experience see average salaries of $73K annually. For those with one to four years of experience, median paychecks reach approximately $59K per year. The greater proportion of employees (29 percent) report 10-19 years of experience and bring home median pay of about $84K annually.
Risk Control Consultants are the best paid with the average salary hovering at around $89K per year; Insurance Underwriters, Account Executives, and Underwriters also rank near the top of the list, pulling in $80K, $77K, and around $69K, respectively. Earning only $49K on average, Account Managers make less than most people in the company.
When it comes to location, the highest average paycheck (about $84K annually) can be spotted in Hartford, Conn.; Dallas, Texas ($83K), Atlanta, Ga. (approximately $79K), and St. Paul, Minn. ($76K) are the next top-paying cities. Chicago, Ill. ranks low on the pay scale — at about $65K, it is one of the lowest-paid cities. Across The Travelers Companies, Inc.'s U.S. offices, employees in the state of Connecticut earn the most, taking home $83K per year.
Certifications and Degrees
Licensed Lawyers are compensated at a much higher rate than non-authorized workers, bringing in close to $127K annually. Earning a Certified Risk Manager certification garners significant financial rewards of $102K per year on average. Employees who have a law degree make the most here, hauling in approximately $138K annually.
Employees who count Project Management among their skills enjoy higher pay; the median for this group is around $86K per year. A skill that is commonly seen around here is Insurance; just under a third deem it necessary for work. Key skills also include Customer Service, Claim Handling, and Microsoft Office.
Benefits and Perks
43 percent receive paid vacation, and only a sixth of workers get sick leave. The firm looks out for its employees by sponsoring assorted retirement savings plans such as a 401(k) plan and a company pension plan. At The Travelers Companies, Inc., a large number of respondents have health insurance, and most employees have dental coverage. A few more workplace perks are life insurance, tuition reimbursement, and a subsidized cell phone.