Principalfinancial Salary

Principalfinancial pays its employees an average of $98,351 per year. The average salary at Principalfinancial range from $86,778 to $110,885 per year. 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.

The salary at Principalfinancial is lesser than the similar company. The average annual salary at Principalfinancial is $98,351, or an hourly wage of $47, in comparison to PENCERT which pays $100,178 per year or $48 per hour.

In many roles at Principalfinancial, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

Wilmington's Cost of Living Index is approximately 98.5 (1.5% less expensive than US average; 4.3% less than DE average). This significantly impacts the purchasing power of a salary from Principalfinancial based there. Our "Cost of Living Insights for Wilmington" module details this impact, helping you assess the 'real feel' value of your compensation.

Principalfinancial generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Principalfinancial" section on this page.