Years of Experience
For those with five to nine years of experience, average earnings amount to around $81K annually. Workers who have been with the company for more than one year but less than five can make $71K per year on average. The largest fraction of Abbott Laboratories people (35 percent) have been working for 10-19 years and earn approximately $95K annually on average.
When it comes to location, the highest average paycheck ($109K per year) can be spotted in San Francisco, Calif.; Chicago, Ill. ($103K), Santa Clara, Calif. (about $89K), and the company's headquarter city of North Chicago, Ill. (around $79K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Columbus, Ohio — at $71K, salaries are some of the lowest in the country. U.S. pay levels are highest in the state of New Jersey; salaries there average to $114K annually.
Nearing the top of the pay scale are Biotechnology Senior Research Scientists, Regulatory Affairs Specialists, Process Engineers, and Medical Devices Quality Engineers; while the first receives the highest median pay at approximately $88K per year, the other salaries come in at $86K, about $84K, and approximately $77K, respectively. With salaries averaging $65K, Financial Analysts are among the lowest paid at Abbott Laboratories.
Certifications and Degrees
Certified Professional Engineers are compensated at a much higher rate than non-authorized workers, bringing in close to $122K annually. Bigger paychecks are awarded to Project Management Professionals with credentials; these people earn $110K per year on average. Regarding salaries and education, Abbott Laboratories pays those with a Doctorate (PhD) the most — around $144K.
The highest-paying skill to have may be Product Development; employees who claim proficiency also report a higher average salary of about $89K annually. A skill that is commonly seen around here is Project Management; slightly less than one-fifth deem it necessary for work. Employees also tend to know 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 one in three workers with paid vacation time and only one in four respondents with sick leave. Abbott Laboratories workers get plenty of help saving for their golden years, with retirement savings options such as a 401(k) plan and a company pension plan. At Abbott Laboratories, a large number of survey participants have health insurance, and most workers have dental coverage. The company also dishes out perks such as tuition reimbursement, life insurance, and a subsidized cell phone.