Years of Experience
Between the one and five year mark, median pay is $59K per year. Those who have five to nine years of work experience see average salaries of around $77K annually. The greater proportion of employees (26 percent) report 10-19 years of experience and bring home median pay of about $92K per year.
Senior Underwriters represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at approximately $90K annually — though Insurance Underwriters, Account Executives, and Underwriters also do fairly well at $78K, $78K, and approximately $69K, respectively. Account Managers at The Travelers Companies, Inc. do not see much in the way of financial compensation and represent one of the lower-paid positions (around $50K on average) at the company.
When it comes to location, the highest average paycheck ($93K per year) can be spotted in Hartford, Conn.; St. Paul, Minn. (about $80K), Atlanta, Ga. ($72K), and Walnut Creek, Calif. ($71K) are the next top-paying cities. Baltimore, Md. is one of the lowest-paid cities, with earnings averaging approximately $60K. Across The Travelers Companies, Inc.'s U.S. offices, employees in the state of Connecticut earn the most, taking home $91K annually.
Certifications and Degrees
Monetary compensation comes to around $128K per year for Licensed Lawyers, far surpassing the earnings of non-credentialed workers. On average, salaries rise to about $114K annually for accredited Project Management Professionals. The highest-paying degree here is a law degree; The Travelers Companies, Inc. awards $120K to these degree-holders.
When it comes to skills, employees who report Project Management among their abilities seem to make the most, reporting a median income of $97K per year. Insurance is a popular skill in the The Travelers Companies, Inc. workforce; just under a third of those surveyed report putting it to use in their jobs. Some other standard skills here are Customer Service, Claim Handling, and Negotiation.
Benefits and Perks
The firm looks out for its employees by sponsoring assorted retirement savings plans such as a 401(k) plan and a company pension plan. Health insurance is part of the package for almost all survey participants, and for a large number of workers, dental coverage is too. Employees can also look forward to life insurance, tuition reimbursement, a company cell phone, and a casual working environment.