Discover Financial Services Salaries

19 total salary submissions
Avg. Hours Worked (11%)

The average hours worked chart shows the distribution of average hours worked per week generated based on the Compensation data at this company.

The number you see in the middle of the doughnut pie chart is the adjusted average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each workload given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more data points, the confidence of a "true measure" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

35.4
  • 10-20 Hrs
  • 20-30 Hrs
  • 30-40 Hrs
  • 40-50 Hrs
  • 50-60 Hrs
  • 60-70 Hrs
  • 70-80 Hrs
  • 80-90 Hrs
  • Over 90 Hrs
Relative Compensation (81%)

The Relative Compensation is a score from 1 star (very bad) to 5 stars (excellent) generated based on the Company Reviews of current and former employees at this company based on relative pay.

The number you see in the middle of the donut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

2.9
  • 1 Star
  • 2 Stars
  • 3 Stars
  • 4 Stars
  • 5 Stars

Average Discover Financial Services Salary

3.2
Total Median Pay
$55,750
Median Base Pay
$47,000
Median Bonus Pay
$8,750

How much does Discover Financial Services pay?

Base range:
$33,000 - $140,000

For this salary and bonus range, Low is the 10th Percentile and High is the 90th Percentile. These ranges are from employer specific salaries submitted by WSO members.

Bonus range:
$4,000 - $16,000

Discover Financial Services pays an average salary of $47,000 per year. This base compensation is the equivalent of $24 per hour assuming a 40 hour work week (2,000 hours per year). The actual average hours worked per week at Discover Financial Services based on our data is actually 35 hours, which would bring down the true effective hourly rate to $28 on average. If you include the average bonus of $8,750, then the total average pay at Discover Financial Services would be $55,750 per year or $33 per hour at the 35 hour work week.

There's a wide range between what the company pays the top 20 percent and the bottom 20 percent of earners. This is largely dependent on seniority and location. Discover Financial Services pays the highest-paid employees over $154,000 a year, while the lowest-paid employees are paid less than $60,000. Discover Financial Services employees in different groups or divisions tend to have different salaries as well.For example, employees in the Risk Management sector earn an average yearly salary of $132,000.While employees in the Risk Management sector earn an average yearly salary of $132,000.

Discover Financial Services Salaries

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Highest Paying Jobs at Discover Financial Services

Year
Job Title
Group/Division
Location
Pay Rate/Type
Bonus
Manager
Year 2022
Job Title Manager
Group/Division Corporate Finance
Location Chicago
Pay Rate/Type
Bonus
Manager
Year 2020
Job Title Manager
Group/Division Risk Management
Location Chicago
Pay Rate/Type
Bonus
Manager
Year 2020
Job Title Manager
Group/Division Risk Management
Location Riverwoods
Pay Rate/Type
Bonus
3rd+ Year Analyst
Year 2023
Job Title 3rd+ Year Analyst
Group/Division N/A
Location Riverwoods
Pay Rate/Type
Bonus
1st Year Associate
Year 2022
Job Title 1st Year Associate
Group/Division Generalist
Location Chicago
Pay Rate/Type
Bonus
Manager
Year 2018
Job Title Manager
Group/Division Risk Management
Location North Chicago
Pay Rate/Type
Bonus
1st Year Analyst
Year 2018
Job Title 1st Year Analyst
Group/Division Risk
Location Riverwoods
Pay Rate/Type
Bonus
1st Year Analyst
Year 2012
Job Title 1st Year Analyst
Group/Division Generalist
Location Chicago
Pay Rate/Type
Bonus

Discover Financial Services Salaries by Department

Salaries at Discover Financial Services depend on the group, division, department or function. Employees who work in the Risk Management group tend to get paid the most at at Discover Financial Services, earning an average yearly salary of $132,000. Employees in the receive relatively high salaries as well, where wages average $0 per year. A division that does not pay as well at Discover Financial Services includes the Risk Management group, with employees earning $132,000 on average.

Rank
Department
Average Pay
Average Hourly Pay
Risk Management
Rank 1
Department Risk Management
Average Pay $132,000
Average Hourly Pay $66/hr

Recently Added Discover Financial Services Salaries

Year
Job Title
Group/Division
Location
Pay Rate/Type
Bonus
3rd+ Year Analyst
Year 2023
Job Title 3rd+ Year Analyst
Group/Division N/A
Location Riverwoods
Pay Rate/Type
Bonus
1st Year Associate
Year 2022
Job Title 1st Year Associate
Group/Division Generalist
Location Chicago
Pay Rate/Type
Bonus
Manager
Year 2022
Job Title Manager
Group/Division Corporate Finance
Location Chicago
Pay Rate/Type
Bonus
Manager
Year 2020
Job Title Manager
Group/Division Risk Management
Location Riverwoods
Pay Rate/Type
Bonus
Intern
Year 2019
Job Title Intern
Group/Division Risk
Location Chicago
Pay Rate/Type
Bonus