Principal Financial Group managing director salary

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Average Principal Financial Group managing director salary

$136,657yearly

$62.35 hourly rate

Entry-level Principal Financial Group managing director salary

$90,000 yearly

Updated April 5, 2024

How much does Principal Financial Group pay managing directors?

The average salary for Principal Financial Group managing directors is $136,657 per year. Principal Financial Group managing director salaries range between $90,000 to $207,000 per year. Principal Financial Group managing directors earn 5% more than the national average salary for managing directors of $129,690.

Location impacts how much a managing director at Principal Financial Group can expect to make. Managing directors at Principal Financial Group make the most in New York, NY, Stamford, CT, and Parsippany-Troy Hills, NJ.

How much does Principal Financial Group pay managing directors by location?

Principal Financial Group pays managing directors the most in New York, NY, Stamford, CT, and Parsippany-Troy Hills, NJ. Additionally, cities like Waltham and Richmond also report highly competitive salaries for managing directors at Principal Financial Group.

Managing director Principal Financial Group salary by location

Rank	City	Avg. salary	Hourly rate
1	New York, NY	$199,754	$96.04
2	Stamford, CT	$177,290	$85.24
3	Parsippany-Troy Hills, NJ	$169,290	$81.39
4	Waltham, MA	$164,738	$79.20
5	Richmond, VA	$144,673	$69.55
6	Denver, CO	$144,608	$69.52
7	Charlotte, NC	$142,330	$68.43
8	Bethesda, MD	$137,359	$66.04
9	Madison, WI	$134,527	$64.68
10	Chicago, IL	$134,405	$64.62

Highest-paid Principal Financial Group managing directors by job level

Rank	Job title	Average salary	Hourly rate	Job openings
1	Executive Vice President	$256,099	$123	-
2	President & Chief Operating Officer	$234,666	$113	-
3	President Of Operations	$206,677	$99	-
4	Senior Vice President-Operations	$200,675	$96	-
5	Executive Vice President Of Operations	$200,471	$96	-
6	Vice President/Managing Director	$194,208	$93	-
7	Vice President Of Global Operations	$191,358	$92	-
8	Chief Executive Officer	$190,362	$92	-
9	Senior Vice President	$190,047	$91	-
10	President/Chief Executive Officer	$184,060	$88	-

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Recent salaries for managing directors at principal financial group

Job	Location	Date added	Salary
Managing Director-Principal Financial Network (Bettendorf or Hiawatha)	Bettendorf, IA	05/28/2025	$81,900
Managing Director-Principal Financial Network	Wauwatosa, WI	05/13/2025	$91,000
Managing Director-Principal Financial Network	Denver, CO	05/12/2025	$100,000
Managing Director-Principal Financial Network	Upper Arlington, OH	03/22/2025	$77,350
Director \| Managing Director, Sponsor Originations (Direct Lending)	Chicago, IL	02/25/2025	$174,000

Managing director salary at Principal Financial Group competitors

Rank	Company	Average salary	Hourly rate	Job openings
1	AIG	$214,883	$103	32
2	Charles Schwab	$182,787	$88	81
3	Genworth	$161,427	$78	2
4	American Financial Group	$158,212	$76	-
5	Ameriprise Financial	$150,723	$72	3
6	Wells Fargo	$145,908	$70	39
7	MetLife	$132,909	$64	34
8	Raymond James Financial	$131,308	$63	40
9	Fidelity Investments	$131,296	$63	110
10	The Hartford	$130,913	$63	61
11	Mutual of Omaha	$130,293	$63	-
12	Nationwide	$125,748	$60	10
13	Prudential Financial	$123,935	$60	10
14	USAA	$111,153	$53	50
15	MassMutual	$96,515	$46	17
16	Lincoln Financial Group	$91,878	$44	6

Show more managing director salaries at Principal Financial Group competitors.