Years of Experience
For those with five to nine years of experience, average earnings amount to about $74K annually. Those with one to four years of experience at the company can expect to make around $59K per year on average. When we consider tenure, a substantial portion of employees (29 percent) have been working for 10-19 years and make $83K annually on average.
Risk Control Consultants are the best paid with the average salary hovering at $85K per year; Insurance Underwriters, Account Executives, and Underwriters also rank near the top of the list, pulling in approximately $84K, $76K, and $69K, respectively. On the lower end are Account Managers at $49K on average.
When it comes to location, the highest average paycheck (approximately $87K annually) can be spotted in Hartford, Conn.; Atlanta, Ga. ($79K), St. Paul, Minn. (around $76K), and Charlotte, N.C. (about $76K) are the next top-paying cities. Chicago, Ill. ranks low on the pay scale — at $65K, it is one of the lowest-paid cities. By state, Connecticut offers the highest pay at about $85K per year.
Certifications and Degrees
Salaries approach around $127K annually for Licensed Lawyers; non-accredited workers make much less. Certified Risk Managers also rank high on the pay scale, with expected average earnings of approximately $106K per year. Regarding salaries and education, The Travelers Companies, Inc. pays those with a law degree the most — $138K.
The highest-paying skill to have may be Project Management; employees who claim proficiency also report a higher average salary of $85K annually. Insurance is a popular skill in the The Travelers Companies, Inc. workforce; just under one in three of those surveyed report putting it to use in their jobs. Key skills also include Customer Service, Claim Handling, and Microsoft Office.
Benefits and Perks
Only 44 percent at The Travelers Companies, Inc. enjoy paid vacation time, and just a sixth of survey respondents can take sick leave. Workers wishing to put aside retirement money are in luck; The Travelers Companies, Inc. sponsors various plans such as a 401(k) plan and a company pension plan. For almost all survey participants, benefits include health insurance, and most employees get dental coverage, too. Other privileges include life insurance, a subsidized cell phone, and tuition reimbursement.