Average Salary for The Travelers Companies, Inc. Employees

Employees at The Travelers Companies, Inc. make $72K annually on average. The Travelers Companies, Inc. paychecks are largely negotiated based on how long you've been working, though what you do at the company and geography are also considered. The data for this overview comes from answers to PayScale's salary questionnaire.

How This Employer Pays

The Travelers Companies, Inc. typically pays:
5%
above market
Similar employers pay:
10%
above market
Employer: The Travelers Companies, Inc.
Average Salary Range by Job
Job (Number Reporting)
National Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
[-]Account Executive (17)
$50,393 - $101,367  
   
[-]Account Executive (17)
Salary$49,762 - $100,733  
   
Bonus$0.00 - $24,240  
Total Pay$50,393 - $101,367  
[+]Underwriter (14)
$51,000 - $98,739  
   
[+]Underwriter (14)
Salary$51,000 - $88,925  
   
Bonus$319.37 - $27,087  
Profit Disbursement$656 - $8,137  
Total Pay$51,000 - $98,739  
[+]Account Manager (13)
$43,054 - $66,228  
   
[+]Account Manager (13)
Salary$35,311 - $76,412  
   
Bonus$453.14 - $10,579  
Total Pay$43,054 - $66,228  
[+]Insurance Underwriter (13)
$57,188 - $106,945  
   
[+]Insurance Underwriter (13)
Salary$49,460 - $102,239  
   
Bonus$1,007 - $14,899  
Total Pay$57,188 - $106,945  
 Precise Range (?
XPrecise ranges are calculated based on validated data submitted by employees in this job at this company.
)     Estimated Range (?
XWhen PayScale has limited employee-submitted data, we base estimated ranges on a broader set of relevant employee profiles to calculate the most accurate ranges for this job at this company.
)
Country: United States | Currency: USD | Updated: 21 Nov 2014 | Individuals Reporting: 336
United States (change)

About This Company

Travelers, Travelers Insurance, Travelers Insurance Company, Travelers Property Casualty Corp


Freebase CC-BY Source: Freebase, licensed under CC-BY

Years of Experience

Workers who have been with the company for more than one year but less than five can typically make about $58K. Survey participants who have worked at The Travelers Companies, Inc. for between five and ten years earn $74K on average. Overall, the greater share of The Travelers Companies, Inc. folks have 10-19 years of experience and earn around $81K per year.

Jobs

Nearing the top of the pay scale are Risk Control Consultants, Insurance Underwriters, Account Executives, and Underwriters; while the first receives the highest median pay at approximately $89K, the other salaries come in at $76K, $76K, and about $71K, respectively. Account Managers make $49K, close to the bottom of the company pay scale.

Locations

Median pay is highest in Baltimore ($83K annually), followed by Chicago (approximately $80K), Dallas ($79K), and Hartford (around $78K). Expected earnings are below average (about $73K) in New York, one of the lowest-paid cities. U.S. pay levels are highest in the state of California; salaries there average to $82K per year.

Certifications and Degrees

Licensed Lawyers have significantly higher pay than non-accredited workers at approximately $129K. Acquiring certification to be a Chartered Property Casualty Underwriter is rewarded at $90K annually. The best paid folks at The Travelers Companies, Inc. have an Associate's Degree, Business Administration, earning around $110K per year.

Skills

The highest-paying skill in this position seems to be Project Management; individuals who report it as part of the repertoire have a median income of $95K. It's pretty common to find people here who know Insurance; close to one-fourth consider it a key competency. A typical employee's toolkit also contains Customer Service, Claim Handling, and Negotiation.

Benefits and Perks

The benefits packages at The Travelers Companies, Inc. can sometimes lack paid time off; 45 percent get paid vacation days, and a sixth of workers receive paid 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 employees, benefits include health insurance, and the greater part of workers get dental coverage, too. The company also dishes out perks such as life insurance, a company cell phone, and tuition reimbursement.

Key Stats for The Travelers Companies, Inc.

Gender

Female
48 %
Male
52 %
Salary
$45,422 - $89,104
Salary
$50,379 - $98,619
Less than 1 year
4%
1-4 years
24%
5-9 years
20%
10-19 years
29%
20 years or more
23%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 93 votes.

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