Years of Experience
Those with one to four years of experience at the company can expect to make approximately $57K per year on average. Average pay is $75K annually for those with five to nine years of experience. The greater proportion of employees (29 percent) report 10-19 years of experience and bring home median pay of about $85K per year.
The highest paychecks go to Risk Control Consultants, who earn an average around $89K annually, closely trailed by Insurance Underwriters ($80K), Account Executives ($75K), and Underwriters ($70K). Account Managers are among the lowest paid at a median salary of around $49K.
When it comes to location, the highest average paycheck (about $85K per year) can be spotted in Hartford, Conn.; Atlanta, Ga. ($79K), St. Paul, Minn. ($74K), and Dallas, Texas (approximately $71K) are the next top-paying cities. At around $62K, Baltimore, Md. is home to some of the lowest pay in the country. Within the company, workers earn the highest salaries (an average of $83K annually) in Connecticut.
Certifications and Degrees
Salaries approach approximately $125K per year for Licensed Lawyers; non-accredited workers make much less. Bigger paychecks are awarded to Certified Risk Managers with credentials; these people earn $102K annually on average. At The Travelers Companies, Inc., employees who hold a Juris Doctor (JD), Law receive the highest salaries at about $105K.
When it comes to skills, employees who report Project Management among their abilities seem to make the most, reporting a median income of $94K per year. It's pretty common to find people here who know Insurance; slightly less than a third consider it a key competency. Three more common skills are Customer Service, Claim Handling, and Microsoft Office.
Benefits and Perks
Paid time off is in short supply here, with only 44 percent receiving paid vacation and a sixth of survey respondents receiving paid sick days. 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. The vast majority of survey participants report having health insurance, and a large number of survey participants report having dental coverage. Some other perks are life insurance, tuition reimbursement, and a company cell phone.