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Noteworthy Finance Companies With Unique Benefits

If you’re looking for job opportunities with financial services companies, chances are you’re savvy about numbers. You can also understand why evaluating a benefits package needs to be a major part of your calculations when considering employment offers. Strong health care coverage, education benefits, and a commitment to improving overall quality of life can help job candidates ultimately decide which positions offer the most value over time.

With so many top financial firms recruiting and retaining talent, we’ve compiled a list of companies with stacked benefits that offer both short- and long-term support for their employees. Special attention was paid to educational benefits, since financial services often require advanced certifications and degrees for career advancement.

USAA

USAA, which offers financial services for military member and their families, offers a generous array of employee benefits worth saluting. The San Antonio, Texas-based corporation ranks #55 on the Fortune 100 Best Companies to Work For in 2020, which is no wonder when you consider how it tries to engage its 32,000-strong workforce.

Wellness is a huge priority at USAA, as evidenced by the on-site health clinic that provides services for a nominal flat fee, along with free lab and preventive services. And, to combat work stress, "relax and rejuvenate" zones are available for quick work-day escapes. USAA also offers a generous 85 days of fully-paid maternity leave, and 60 days for paternity.

Education-related perk: Employees get up to $10,000 per year for approved educational expenses that include college degrees or professional designations—nearly double what most corporations offer.

Farmers Insurance

This CA-based company ranked #21 on Fortune’s Best Workplace in Financial Services & Insurance in 2020. A well-known insurance company, Farmers has expanded its offerings over the years—and, in the process, has attracted many more people to the company.

Their benefits are robust in many areas, but a 6% match for 401(k) plans stands out. Some other benefits to note are 19 PTO days to start and10 weeks of parental leave. Perhaps that’s why 81% of employees say it’s a great place to work, compared to 59% of employees at other US-based companies.

Education-related perk: Farmers has on-the-job learning and mentorship opportunities for employees. They also offer a robust tuition assistance program that can help eligible employees reach their educational and career goals.

Nationwide

These days, not too many private corporations offer a pension plan, but Nationwide does. The Columbus, Ohio-based insurance provider also provides company matching contributions for a 401(k), so employees have two ways to prepare for their futures.

Day to day, workers also enjoy a strong work-life balance thanks to a variety of flexible work arrangements.

Education-related perk: Nationwide employees are encouraged to continue their education, as 100% of tuition and 50% of books for undergraduate and graduate courses are covered (up to $5,250 per year). In addition, the Learning and Development department offers training and career planning support.

American Express

The New York-based credit card issuer and financial services provider came in at #9 on Fortune’s 100 Best Companies to Work For in 2020 list. Not only does AmEx offer a generous array of health benefits, but it's among the most generous when it comes to supporting new parents, offering 130 days fully-paid maternity leave and 100 days paternity. The company also matches up to 6% of salary in its 401(k) program.

Education-related perk: American Express' $7,500 maximum tuition reimbursement is higher than most other companies.

Baird

Headquartered in Milwaukee, Wisconsin, Baird is number 13 on the Fortune 100 Best Companies to Work For in 2020 list—perhaps because the commitment to its workforce is evident in its many benefits programs.

One that impresses is the Baird Cares program, which gives every associate two paid days off each year to volunteer for a nonprofit organization of his or her choice. The firm also allows its workers to take advantage of staggered work hours, telecommuting, job sharing, and summer hours.

Education-related perk: From top to bottom, Baird aims to help every employee expand their knowledge. Full-timers get up to $5,250 in tuition reimbursement, but even interns can get tuition reimbursement for up to $500 per year.

Quicken Loans

Detroit, Michigan-based Quicken Loans offers comprehensive benefits, as well as several cool and interesting employee perks. Take, for instance, the fact that its health coverage includes generous financial support for fertility treatments and testing and therapies for autism—two major health care areas that can incur great expenses for families. But even smaller benefits like free parking, free snacks, and low-cost pet insurance can add up to big savings for workers.

Education-related perk: Like some others on our list, Quicken employees can qualify for up to $5,250 per year tuition reimbursement, or $2,625 for part-timers. Plus, the company provides an array of free on-site health and financial seminars.

Navy Federal Credit Union

Navy Federal, based in Vienna, Virginia, offers multiple levels of employee support. One of its popular programs is the Dollars for Doers grant, which awards nonprofit organizations a $1,000 grant check in the name of the employee who volunteers. Employees also enjoy up to 7% of salary matching for their 401(k) and a company-paid pension plan.

Education-related perk: Financial assistance up to $5,000 is provided for education, along with scholarship programs and on-site college and university classes at headquarters and other locations.

Capital One

Capital One is one of the largest banks in the US, it’s been on Fortune’s list of best places to work since 2016, and 95% of employees are proud to tell others they work here. Putting employees first includes a very inclusive package of benefits, such as 100% paid health and dental coverage, 50% of eligible gym memberships, a generous employee stock program administered through E*TRADE, and up to 20 weeks of maternity or up to 12 weeks of parental leave.

Education-related perk: Full time employees can receive up to $5,000 in tuition reimbursement for eligible tuition, books, and other applicable costs.

Andersen Tax

This San Francisco, California-based tax services firm employs just under 1,000 US employees, but earns a place on our list for going above and beyond with its benefit offerings.

Education-related perk: Among its most unique perks is helping employees with student loan debt. The firm offers any regular, full-time employee a benefit of $100 a month for 60 months, with a $6,000 lump-sum trailer at the end of the five-year period—or a total of $12,000—toward student loan debt.

In addition, Andersen Tax and the University of San Francisco School of Law have a partnership to offer a free ride to employees pursuing master of laws in taxation (LLM) or a master of legal studies in taxation (MLST). Those seeking education elsewhere can qualify for $5,250 of tuition reimbursement.

Allianz Life Insurance Company of North America

Judging by the compressed work weeks, flex time, job sharing, and telecommuting, it's safe to say that Allianz Life Insurance Company of North America wants to take pressure off of its workforce. They also offer a generous 7.5% company matching for 401(k)s and provide access to independent financial planners for one-on-one personalized help.

Education-related perk: Allianz has its very own Online Learning Center that offers over 200 eLearning classes for employees. For those seeking a degree or continuing education on their own, tuition reimbursement is available up to $5,250.

PwC

How does 22 vacation days for full-time employees after two years sound? That's just the start of PwC's many generous employee benefits. Also impressive is their reimbursement of up to $25,000 for surrogacy or adoption-related expenses.

Education-related perks: PwC really shines in its support of education. The company is the second on our list to assist employees with student loan paydown. It also offers $5,250 per calendar year to pursue studies, while also helping staff obtain professional designations via study support and preparation courses.

When evaluating career opportunities in the financial services industry, think beyond just salary and bonuses and compare the ROI of benefits packages. Benefits are not only a strong indicator of just how much prospective employers care about and support their teams, but can add real-dollar value to your earnings.

Statements regarding company benefits programs are true to the best of Gradifi’s knowledge at the time of publishing. Information subject to change at any time. Some companies described may be clients of Gradifi by E*TRADE. 3085881.1

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