Find The Best Pension Administrator Jobs For You

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Average Salary
$58,143
Average Salary
Job Growth Rate
6%
Job Growth Rate
Job Openings
24,690
Job Openings

Pension Administrator Careers

There is more than meets the eye when it comes to being a pension administrator. For example, did you know that they make an average of $27.95 an hour? That's $58,143 a year!

Between 2018 and 2028, the career is expected to grow 6% and produce 5,300 job opportunities across the U.S.

What Does a Pension Administrator Do

There are certain skills that many pension administrators have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed business skills, analytical skills and communication skills.

When it comes to the most important skills required to be a pension administrator, we found that a lot of resumes listed 10.9% of pension administrators included ensure compliance, while 8.0% of resumes included customer service, and 7.0% of resumes included plan participants. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the pension administrator job title. But what industry to start with? Most pension administrators actually find jobs in the finance and professional industries.

How To Become a Pension Administrator

If you're interested in becoming a pension administrator, one of the first things to consider is how much education you need. We've determined that 60.1% of pension administrators have a bachelor's degree. In terms of higher education levels, we found that 9.3% of pension administrators have master's degrees. Even though most pension administrators have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a pension administrator. When we researched the most common majors for a pension administrator, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on pension administrator resumes include master's degree degrees or diploma degrees.

You may find that experience in other jobs will help you become a pension administrator. In fact, many pension administrator jobs require experience in a role such as customer service representative. Meanwhile, many pension administrators also have previous career experience in roles such as benefit specialist or administrative assistant.

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Average Salary
$58,143
Average Salary
Job Growth Rate
6%
Job Growth Rate
Job Openings
24,690
Job Openings

Pension Administrator Career Paths

Top Careers Before Pension Administrator

Top Careers After Pension Administrator

Pension Administrator Jobs You Might Like

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Pension Administrator

Pension Administrators in America make an average salary of $58,143 per year or $28 per hour. The top 10 percent makes over $71,000 per year, while the bottom 10 percent under $47,000 per year.
Average Salary
$58,143
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Best Paying Cities

City
ascdesc
Average Salarydesc
Needham, MA
Salary Range52k - 84k$66k$66,473
Bettendorf, IA
Salary Range41k - 64k$51k$51,375
Burbank, CA
Salary Range40k - 65k$51k$51,347
$40k
$84k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Pension Administrator
Pension Administrator
International Benefit Planners, Inc.
International Benefit Planners, Inc.
08/29/2019
08/29/2019
$52,31208/29/2019
$52,312
Pension Administrator
Pension Administrator
XXX
XXX
06/05/2019
06/05/2019
$38,00006/05/2019
$38,000
Pension Administrator
Pension Administrator
Pension Kinetics, Inc.
Pension Kinetics, Inc.
03/22/2019
03/22/2019
$50,40003/22/2019
$50,400
Pension Administrator
Pension Administrator
Pension Kinetics, Inc.
Pension Kinetics, Inc.
03/22/2019
03/22/2019
$50,40003/22/2019
$50,400
Financial Pension Administrator
Financial Pension Administrator
TSP Associates, Inc.
TSP Associates, Inc.
06/19/2018
06/19/2018
$65,60006/19/2018
$65,600
See More Recent Salaries

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Pension Administrator Demographics

Gender

female

59.8 %

male

33.8 %

unknown

6.4 %

Ethnicity

White

64.6 %

Hispanic or Latino

15.6 %

Black or African American

9.8 %

Foreign Languages Spoken

Spanish

50.0 %

French

9.1 %

Mandarin

9.1 %
See More Demographics

Pension Administrator Education

Majors

Business
32.9 %
Finance
6.7 %

Degrees

Bachelors

60.1 %

Associate

13.2 %

Certificate

10.8 %

Top Colleges for Pension Administrators

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

3. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

4. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

5. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

6. SUNY College at Oswego

Oswego, NY • Private

In-State Tuition
$8,440
Enrollment
7,039

7. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

8. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

9. Baylor University

Waco, TX • Private

In-State Tuition
$45,542
Enrollment
14,159

10. Georgetown University

Washington, DC • Private

In-State Tuition
$54,104
Enrollment
7,089
See More Education Info

Online Courses For Pension Administrator That You May Like

Reporting Investments, Pensions, and Financial Statement Analysis
edX (Global)

This course begins with an overview of corporate investments, short term and long-term investments, and helps you to prepare consolidated financial statements. Next, we’ll cover Pension Accounting and understand Accounting for stock options by reviewing the various pension plan types, cost components of a pension plan and plan assets. We’ll wrap up this course with a look at Financial Statement Analysis where we cover sources of financial information, performance analysis, financial ratios, and...

Administrative Assistant Applications
ed2go

Gain the skills and knowledge you'll need to prepare for the Certified Administrative Professional exam and begin a rewarding career as an administrative assistant...

Financial Planning Coaching Certification Holistic Coaching
udemy
4.4
(954)

Financial Planning Coaching Training Level 2 Accredited Certification Holistic Financial Planning Coaching Directory...

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Top Skills For a Pension Administrator

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 10.9% of pension administrators listed ensure compliance on their resume, but soft skills such as business skills and analytical skills are important as well.

Best States For a Pension Administrator

Some places are better than others when it comes to starting a career as a pension administrator. The best states for people in this position are Rhode Island, New York, New Hampshire, and Massachusetts. Pension administrators make the most in Rhode Island with an average salary of $69,686. Whereas in New York and New Hampshire, they would average $67,405 and $66,946, respectively. While pension administrators would only make an average of $66,343 in Massachusetts, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Rhode Island

Total Pension Administrator Jobs:
100
Highest 10% Earn:
$108,000
Location Quotient:
1.16
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. New Hampshire

Total Pension Administrator Jobs:
136
Highest 10% Earn:
$103,000
Location Quotient:
1.09
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Massachusetts

Total Pension Administrator Jobs:
758
Highest 10% Earn:
$103,000
Location Quotient:
1.16
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Pension Administrator Employers

1. Pension Benefit Guaranty
4.1
Avg. Salary: 
$64,471
Pension Administrators Hired: 
31+
2. Principal Financial Group
4.6
Avg. Salary: 
$68,716
Pension Administrators Hired: 
16+
3. Integrated Resources Group
4.2
Avg. Salary: 
$55,718
Pension Administrators Hired: 
15+
4. Randstad North America
4.3
Avg. Salary: 
$49,163
Pension Administrators Hired: 
12+
5. MetLife
4.7
Avg. Salary: 
$65,754
Pension Administrators Hired: 
9+
6. Mercer
4.7
Avg. Salary: 
$59,551
Pension Administrators Hired: 
8+
Updated October 2, 2020