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Principal Financial Group salaries
Principal Financial Group salary estimate
$56,798yearly
Principal Financial Group Salary Overview
At Principal Financial Group, employees can expect an average salary of $56,798 annually. Compensation varies significantly based on role, location, and department. For example, top positions within the finance sector often command higher salaries. In addition, geographical factors play a crucial role in salary variations; for instance, employees in urban areas typically earn more compared to their rural counterparts.
Highest Paying Jobs
Some of the highest-paying roles at Principal Financial Group include financial analysts and senior management positions. These jobs not only offer competitive salaries but also opportunities for career advancement and professional development. Understanding the salary structure can help job seekers gauge their position in the market and make informed decisions about their career paths.
Highest paying jobs at Principal Financial Group
The highest paying jobs at Principal Financial Group are engineering director, enterprise architect, software engineer, and data engineer. Engineering director jobs at Principal Financial Group earn an average yearly salary of $146,984, Principal Financial Group enterprise architect jobs average $123,213, and Principal Financial Group software engineer jobs average $91,531.
The lowest paying Principal Financial Group roles include customer service representative and data processor. Principal Financial Group customer service representative average salary is $34,266 per year. So while the average Principal Financial Group salary is $56,798 there is a big variation in pay depending on the role.
Highest paying jobs at Principal Financial Group
| Rank | Job title | Average Principal Financial Group salary | Hourly rate |
|---|---|---|---|
| 1 | Engineering Director | $146,984 | $70.67 |
| 2 | Enterprise Architect | $123,213 | $59.24 |
| 3 | Software Engineer | $91,531 | $44.01 |
| 4 | Data Engineer | $90,176 | $43.35 |
| 5 | Information Technology Consultant | $88,335 | $42.47 |
| 6 | Investment Advisor | $86,660 | $41.66 |
| 7 | Product Owner | $85,471 | $41.09 |
| 8 | Information Technology Analyst | $83,459 | $40.12 |
| 9 | Trust Officer | $79,831 | $38.38 |
| 10 | Senior Associate | $71,836 | $34.54 |
| 11 | Team Leader | $68,100 | $32.74 |
| 12 | Delivery Manager | $68,052 | $32.72 |
| 13 | New Business Coordinator | $64,977 | $31.24 |
| 14 | Digital Marketing Strategist | $61,897 | $29.76 |
| 15 | Client Services Manager | $60,029 | $28.86 |
| 16 | Accountant | $58,245 | $28.00 |
| 17 | Finance Advisor | $55,844 | $26.85 |
| 18 | Pension Administrator | $52,750 | $25.36 |
| 19 | Underwriter | $51,395 | $24.71 |
| 20 | Account Executive | $50,398 | $24.23 |
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How much does Principal Financial Group pay by location?
Highest paying Principal Financial Group locations
| Rank | Location | Average Principal Financial Group salary | Hourly rate |
|---|---|---|---|
| 1 | New York, NY | $69,085 | $33.21 |
| 2 | Waltham, MA | $66,255 | $31.85 |
| 3 | Parsippany-Troy Hills, NJ | $65,138 | $31.32 |
| 4 | Los Angeles, CA | $62,823 | $30.20 |
| 5 | Seattle, WA | $62,660 | $30.13 |
| 6 | Columbia, MD | $58,573 | $28.16 |
| 7 | Chicago, IL | $58,125 | $27.94 |
| 8 | Minneapolis, MN | $58,010 | $27.89 |
| 9 | Wayne, PA | $57,948 | $27.86 |
| 10 | Charlotte, NC | $57,068 | $27.44 |
| 11 | Portland, OR | $56,579 | $27.20 |
| 12 | Houston, TX | $56,508 | $27.17 |
| 13 | Grand Rapids, MI | $56,297 | $27.07 |
| 14 | Denver, CO | $56,257 | $27.05 |
| 15 | Atlanta, GA | $55,721 | $26.79 |
| 16 | Madison, WI | $55,708 | $26.78 |
| 17 | Overland Park, KS | $54,625 | $26.26 |
| 18 | Columbus, OH | $54,336 | $26.12 |
| 19 | Kansas City, MO | $54,048 | $25.98 |
| 20 | Miami, FL | $53,687 | $25.81 |
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Principal Financial Group salaries by department
Salaries at Principal Financial Group vary depending on the department you work in. Principal Financial Group salaries in the engineering department are the highest with an average salary of $93,207. Employees in the it department at Principal Financial Group receive relatively high salaries as well, with an average salary of $76,286 per year. Departments that don't pay as well at Principal Financial Group include the customer service and the administrative organizational functions, with employees earning average salaries of $40,143 and $41,538, respectively.
Average Principal Financial Group salary by department
| Rank | Department | Average Principal Financial Group salary | Hourly rate |
|---|---|---|---|
| 1 | Engineering | $93,207 | $44.81 |
| 2 | IT | $76,286 | $36.68 |
| 3 | Non Profit/Government | $74,246 | $35.70 |
| 4 | Business Development | $72,790 | $35.00 |
| 5 | Marketing | $65,921 | $31.69 |
| 6 | Accounting | $55,821 | $26.84 |
| 7 | Art/Design | $55,170 | $26.52 |
| 8 | Finance | $54,438 | $26.17 |
| 9 | Sales | $51,129 | $24.58 |
| 10 | Retail | $49,876 | $23.98 |
| 11 | Human Resources | $49,522 | $23.81 |
| 12 | Administrative | $41,539 | $19.97 |
| 13 | Customer Service | $40,143 | $19.30 |
How much does Principal Financial Group pay by department?
Best paying Principal Financial Group finance salaries
| Rank | Position | Average Principal Financial Group salary | Hourly rate |
|---|---|---|---|
| 1 | Investment Counselor | $96,182 | $46.24 |
| 2 | Actuary | $94,579 | $45.47 |
| 3 | Actuarial Assistant | $93,335 | $44.87 |
| 4 | Actuarial Internship | $93,245 | $44.83 |
| 5 | Senior Consultant | $89,412 | $42.99 |
| 6 | Investment Advisor | $86,660 | $41.66 |
| 7 | Assistant Director | $85,426 | $41.07 |
| 8 | Analytics Consultant | $80,754 | $38.82 |
| 9 | Trust Officer | $79,831 | $38.38 |
| 10 | Underwriting Manager | $77,788 | $37.40 |
| 11 | Management Accounts Manager | $76,317 | $36.69 |
| 12 | Finance Advisor | $55,844 | $26.85 |
| 13 | Operations Analyst | $53,204 | $25.58 |
| 14 | Underwriting Internship | $52,999 | $25.48 |
| 15 | Underwriter | $51,395 | $24.71 |
| 16 | Senior Claims Examiner | $48,645 | $23.39 |
| 17 | Claim Specialist | $47,673 | $22.92 |
| 18 | Loan Officer | $47,335 | $22.76 |
| 19 | Registered Representative | $46,151 | $22.19 |
| 20 | Claims Analyst | $42,786 | $20.57 |
Best paying Principal Financial Group customer service salaries
| Rank | Position | Average Principal Financial Group salary | Hourly rate |
|---|---|---|---|
| 1 | Client Services Manager | $60,029 | $28.86 |
| 2 | Client Service Associate | $46,726 | $22.46 |
| 3 | Processing Specialist | $42,083 | $20.23 |
| 4 | Customer Services Coordinator | $40,202 | $19.33 |
| 5 | Claims Assistant | $36,121 | $17.37 |
| 6 | Customer Service Representative | $34,266 | $16.47 |
| 7 | Call Center Representative | $33,834 | $16.27 |
Best paying Principal Financial Group IT salaries
| Rank | Position | Average Principal Financial Group salary | Hourly rate |
|---|---|---|---|
| 1 | Enterprise Architect | $123,213 | $59.24 |
| 2 | Senior Data Architect | $100,793 | $48.46 |
| 3 | Systems Administrator | $93,269 | $44.84 |
| 4 | Information Technology Consultant | $88,335 | $42.47 |
| 5 | Audit Manager | $88,140 | $42.38 |
| 6 | Senior Technologist | $86,629 | $41.65 |
| 7 | Security Engineer | $85,720 | $41.21 |
| 8 | Information Technology Analyst | $83,459 | $40.12 |
| 9 | Implementation Manager | $81,730 | $39.29 |
| 10 | Network Administrator | $80,838 | $38.86 |
| 11 | Infrastructure Engineer | $72,004 | $34.62 |
| 12 | Cyber Security Analyst | $68,919 | $33.13 |
| 13 | Network Technician | $60,293 | $28.99 |
| 14 | Management Associate | $59,610 | $28.66 |
| 15 | Implementation Specialist | $50,037 | $24.06 |
| 16 | Support Specialist | $44,947 | $21.61 |
Principal Financial Group competitors’ average salaries
Average salaries at Principal Financial Group competitors, like AIG, Charles Schwab, and Raymond James Financial, vary. AIG employees earn the highest salaries, with an average yearly salary of $84,115. The average salary at Charles Schwab is $82,738 per year, and the average salary at Raymond James Financial is $71,921 per year.
Highest paying Principal Financial Group competitors
| Rank | Company name | Zippia score | Average salary |
|---|---|---|---|
| 1 | AIG | 4.5 | $84,115 |
| 2 | Charles Schwab | 4.8 | $82,738 |
| 3 | Raymond James Financial | 4.7 | $71,921 |
| 4 | Fidelity Investments | 4.6 | $70,628 |
| 5 | MassMutual | 4.3 | $68,354 |
| 6 | Mutual of Omaha | 4.7 | $62,751 |
| 7 | Genworth | 4.4 | $61,793 |
| 8 | Prudential Financial | 4.8 | $59,696 |
| 9 | USAA | 4.7 | $59,089 |
| 10 | The Hartford | 4.5 | $56,817 |
| 11 | Ameriprise Financial | 4.5 | $56,770 |
| 12 | Lincoln Financial Group | 4.6 | $55,311 |
| 13 | American Financial Group | 4.9 | $54,649 |
| 14 | MetLife | 4.4 | $52,477 |
| 15 | Nationwide | 4.5 | $51,158 |
| 16 | Wells Fargo | 4.6 | $41,599 |
Recently added Principal Financial Group salaries
| Job | Location | Date added | Salary |
|---|---|---|---|
| Site Coordinator | Roseville, CA | 06/28/2025 | $56,286 |
| Head of Product & Strategy-Pension, Annuity, Bank & Trust and Custody | Des Moines, IA | 06/28/2025 | $174,000 |
| Product Manager 2 (Hybrid) | Des Moines, IA | 06/27/2025 | $106,400 |
| Product Manager 2 (Hybrid) | Charlotte, NC | 06/27/2025 | $106,400 |
| New Business Consultant | Lincoln, NE | 06/27/2025 | $46,060 |
What employees say about salary at Principal Financial Group
The company was a great company that cared a lot about its workers.
The job I was doing was something that I couldn't see myself doing for more than a year.
I was a contractor so I did not have any perks but they would bring in a lot of food every week for team meals.
It was a nice culture and environment to work in.
Post internship job review did not properly reflect my accomplishments.
They had free gym access.
Frequently asked questions about Principal Financial Group salaries
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Zippia gives an in-depth look into the details of Principal Financial Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Principal Financial Group. The employee data is based on information from people who have self-reported their past or current employments at Principal Financial Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Principal Financial Group. The data presented on this page does not represent the view of Principal Financial Group and its employees or that of Zippia.
Principal Financial Group may also be known as or be related to Principal Financial Group, Principal Financial Group Inc, Principal Financial Group, Inc. and Principal Residential Mortgage, Inc.