Years of Experience
Those who have five to nine years of work experience see average salaries of $84K annually. Workers who have been with the company for more than one year but less than five can make around $74K per year on average. Broken down by tenure, the largest share of Abbott Laboratories employees (36 percent) have 10-19 years of experience and earn $95K annually on average.
When it comes to location, the highest average paycheck ($119K per year) can be spotted in San Francisco, Calif.; Chicago, Ill. (approximately $96K), Santa Clara, Calif. (about $89K), and the company's headquarter city of North Chicago, Ill. (around $86K) are the next top-paying cities. Expected earnings are below average ($74K) in Santa Ana, Calif., one of the lowest-paid cities. By state, Abbott Laboratories employees make the most in New Jersey, earning $103K annually on average.
Earning $94K per year on average, Senior Regulatory Affairs Specialists receive the most money, followed by Biotechnology Senior Research Scientists (about $90K), Process Engineers (approximately $84K), and Regulatory Affairs Specialists (around $81K). Financial Analysts at Abbott Laboratories do not see much in the way of financial compensation and represent one of the lower-paid positions ($61K on average) at the company.
Certifications and Degrees
Certified Fraud Examiners receive bigger paychecks ($112K annually) than those without credentials. On average, salaries rise to about $108K per year for accredited Certified Public Accountants. The highest-paying degree here is a Doctorate (PhD); Abbott Laboratories awards $143K to these degree-holders.
Employees who count Strategic Marketing among their skills enjoy higher pay; the median for this group is approximately $100K annually. Project Management is a popular skill among Abbott Laboratories workers, with a little less than one-fifth of those surveyed reporting using it on the job. Other top skills include Microsoft Office, Microsoft Excel, and Data Analysis.
Benefits and Perks
Paid time off is hard to come by at Abbott Laboratories; the company rewards only 29 percent with paid vacation time and only 23 percent with sick leave. Workers who save for retirement get lots of help because the company offers a number of savings programs including a 401(k) plan and a company pension plan. Most survey participants receive health insurance, and a large number of survey participants get dental coverage. Abbott Laboratories also dishes out privileges such as life insurance, tuition reimbursement, and a subsidized cell phone.