BP Group Pensions Salary

BP Group Pensions Salary

How much does the BP Group Pensions Pay for employees?

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As of August 2026, the average annual salary for employees at BP Group Pensions in the United States is $107,663. This translates to an approximate hourly wage of $52. Salaries at BP Group Pensions typically range from $94,650 to $121,902 annually, reflecting the diverse roles and experience levels within the company. BP Group Pensions’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at BP Group Pensions

Ready for your next career move? Explore current job openings at BP Group Pensions. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is BP Group Pensions’s Pay Competitive? Salary Benchmarking Analysis

How does BP Group Pensions’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
BP Group Pensions
Insurance
Local 138 Pension Trust Fund
IBEW Pacific Coast Pension Fund
Industry Comparison
Our data shows that, on average, compensation at BP Group Pensions is below the average for the U.S. Insurance industry by approximately 13%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared BP Group Pensions average annual salary with several similar companies. BP Group Pensions average salary of $107,663 is lower than Local 138 Pension Trust Fund, which has an average salary of $113,307. It is higher than IBEW Pacific Coast Pension Fund, with their average salary at $102,136. This places BP Group Pensions in a mid-range position among its peers.
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How BP Group Pensions's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at BP Group Pensions. Click a company name to learn more.

Employee Reviews: Working at BP Group Pensions

Considering a career at BP Group Pensions? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The hybrid work model is a great balance between in-office collaboration and remote flexibility. The office environment is quiet and focused, which suits my work style. Overall, a great place to build a career in insurance. The workload is manageable, and colleagues are cooperative. The compensation package is strong, with bonuses tied to both individual and company performance.
Commented in April 20, 2025
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Overall, it’s a fantastic place to grow in the insurance industry. Proud to be part of this organization. Compensation is competitive, and benefits are comprehensive. Benefits are standard, and management is fair. The benefits package is competitive, and work-life balance is respected. Workloads are reasonable, and colleagues are professional. The benefits are standard, and the work atmosphere is ...
Commented in November 20, 2024
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Company-sponsored events help build strong relationships among staff. The company also invests in cutting-edge tools, streamlining daily tasks. A stable option for insurance professionals.
Commented in February 09, 2024
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BP Group Pensions Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
200 - 500 employees
Industry
Insurance
Headquarter Address
30 S Wacker Dr Chicago Illinois IL 60606
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About BP Group Pensions
BP Group Pensions is a company that operates in the Financial Services industry. It employs 101-250 people and has $25M-$50M of revenue. The company is headquartered in Chicago, Illinois.

What Benefits Does BP Group Pensions Offer Beyond Salary?

A competitive compensation package is more than just a salary. BP Group Pensions offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at BP Group Pensions.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from BP Group Pensions, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of BP Group Pensions salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of BP Group Pensions

1. What is the estimated average total compensation at BP Group Pensions?

Salary.com estimates that the average total compensation package at BP Group Pensions, which can include base salary, potential bonuses, and benefits, is around $107,663 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does BP Group Pensions pay compared to Local 138 Pension Trust Fund?

The average annual salary at BP Group Pensions is $107,663, or an hourly wage of $52, in comparison to Local 138 Pension Trust Fund which pays $113,307 per year or $54 per hour.

3. What's the typical salary progression for an employee moving from an entry-level to a senior role at BP Group Pensions?

Salary progression from an entry-level to a senior role at BP Group Pensions can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

4. How can I determine if a salary offer from BP Group Pensions in Chicago is fair given the local cost of living?

To determine if a salary offer from BP Group Pensions in Chicago is fair, first compare the gross salary to our data for similar roles at BP Group Pensions and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Chicago" to understand its purchasing power.

5. Are promotions at BP Group Pensions usually accompanied by a significant salary increase?

Yes, promotions at BP Group Pensions are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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