Years of Experience
Those with one to four years of experience at the company can expect to make approximately $58K annually on average. Average pay is $74K per year for those with five to nine years of experience. Overall, the greater share of The Travelers Companies, Inc. folks have 10-19 years of experience and earn an average $83K annually.
Earning about $89K per year on average, Risk Control Consultants receive the most money, followed by Insurance Underwriters ($80K), Account Executives (around $76K), and Underwriters (approximately $70K). Earning only $49K on average, Account Managers make less than most people in the company.
When it comes to location, the highest average paycheck ($85K annually) can be spotted in Denver, Colo.; Hartford, Conn. (about $84K), New York, N.Y. ($75K), and Dallas, Texas (around $75K) are the next top-paying cities. At about $65K, Chicago, Ill. is home to some of the lowest pay in the country. Across The Travelers Companies, Inc.'s U.S. offices, employees in the state of Connecticut earn the most, taking home $82K per year.
Certifications and Degrees
Licensed Lawyers have significantly higher pay than non-accredited workers at around $127K annually. On average, salaries rise to $102K per year for accredited Certified Risk Managers. The Travelers Companies, Inc. provides the highest financial reward to those with a law degree — these employees rake in approximately $138K annually.
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 $86K per year. Insurance also popped up often in the survey as an important skill; slightly less than a third of employees surveyed report using it at work. Key skills also include Customer Service, Claim Handling, and Microsoft Office.
Benefits and Perks
The Travelers Companies, Inc. lets only 43 percent take paid vacation and only one in six respondents take sick leave. Workers who save for retirement get lots of help because the company offers a number of savings programs including a 401(k) plan and a company pension plan. Nearly all survey participants can count on health insurance, and a large number of respondents have dental coverage as a benefit. The list of perks also includes life insurance, tuition reimbursement, and a subsidized cell phone.