Prime Rate Salary
How Much Does Prime Rate Pay for Different Roles?
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Current Job Openings at Prime Rate
Is Prime Rate’s Pay Competitive? Salary Benchmarking Analysis
| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Krown Capital | $107,083 |
+16.8%
|
Driven by niche technical certifications required for Krown Capital's specialized projects. |
| Meridian Advisory Services LLC | $88,761 |
-3.2%
|
Normalized for lower cost-of-living zones where Meridian Advisory Services LLC primarily operates. |
| Iron Path Capital LP | $81,895 |
-10.7%
|
Iron Path Capital LP focuses strategically on recruiting and training entry-level apprentices. |
| Trust Matters | $106,841 |
+16.5%
|
Data suggests Trust Matters's workforce skews heavily towards veteran, high-tenure roles. |
| Financial Services Industry | $121,514 |
+32.5%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
How Prime Rate's Salaries Compare to Similar Companies?
Krown Capital
$107,083 / year
Salary Range: $93,926 - $121,342
New York City, NY
Meridian Advisory Services LLC
$88,761 / year
Salary Range: $77,863 - $100,588
Farmington, MI
Iron Path Capital LP
$81,895 / year
Salary Range: $71,833 - $92,796
Nashville, TN
Trust Matters
$106,841 / year
Salary Range: $93,715 - $121,061
Oakland, CA
LendMe
$98,107 / year
Salary Range: $86,055 - $111,172
Woodland Hills, CA
LightPath Capital Inc
$85,059 / year
Salary Range: $74,609 - $96,381
Southlake, TX
Signature Lenders
$100,849 / year
Salary Range: $88,465 - $114,281
Glendale, CA
Razone Mortgage Group
$93,350 / year
Salary Range: $81,876 - $105,782
Norco, CA
Turnout Capital Management LLC
$94,964 / year
Salary Range: $83,297 - $107,611
Chicago, IL
Employee Reviews: Working at Prime Rate
Prime Rate Overview
What Benefits Does Prime Rate Offer Beyond Salary?
Get an estimated calculation of how much you should be earning and insight into your career options.
What Is the Cost of Living Near Detroit?
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $800 - $1,500+ (Highly variable) | A significant portion of Prime Rate salary. Location choices impact this heavily. |
| Utilities (Basic) | $150 - $250 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $70 (DDOT/SMART monthly pass) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $390 - $570 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $350 - $650+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $370 - $690+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $2,130 - $3,660+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
FAQs of Prime Rate
1. What is the typical salary range (low to high) for most roles at Prime Rate?
The typical annual salary range for most roles at Prime Rate is approximately from $80,428 to $103,904. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.
2. How much does Prime Rate pay compared to Krown Capital?
The average annual salary at Prime Rate is $91,694, or an hourly wage of $44, in comparison to Krown Capital which pays $107,083 per year or $51 per hour.
3. Do salaries differ significantly between departments at Prime Rate?
Yes, salaries often differ between departments at Prime Rate due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.
4. How does experience level affect salary at Prime Rate?
Experience level is a significant factor in determining salary at Prime Rate, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.
5. How can I determine if a salary offer from Prime Rate in Detroit is fair given the local cost of living?
To determine if a salary offer from Prime Rate in Detroit is fair, first compare the gross salary to our data for similar roles at Prime Rate and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Detroit" to understand its purchasing power.
6. Why might an individual's actual salary at Prime Rate differ from the ranges shown here?
An individual's actual salary at Prime Rate can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.
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