Years of Experience
Those with one to four years of experience at the company can expect to make $71K per year on average. For those with five to nine years of experience, average earnings amount to $78K annually. The largest slice of the Abbott Laboratories workforce (33 percent) has been working for 10-19 years and earns, on average, about $95K per year.
When it comes to location, the highest average paycheck ($109K annually) can be spotted in San Francisco, Calif.; Chicago, Ill. (around $107K), Gurnee, Ill. (approximately $88K), and Santa Clara, Calif. ($87K) are the next top-paying cities. Expected earnings are below average (approximately $71K) in Columbus, Ohio, one of the lowest-paid cities. By state, Abbott Laboratories employees make the most in Illinois, earning $94K per year on average.
The highest average salaries go to Senior Systems Analysts, who bring in close to about $90K annually, though Biotechnology Senior Research Scientists are not far behind at around $88K along with Senior Financial Analysts ($86K) and Process Engineers (approximately $84K). Financial Analysts at Abbott Laboratories do not see much in the way of financial compensation and represent one of the lower-paid positions ($65K on average) at the company.
Certifications and Degrees
Certified Professional Engineers earn about $122K per year, far more than their non-accredited counterparts. Bigger paychecks are awarded to Project Management Professionals with credentials; these people earn $110K annually on average. Those with a Doctorate (PhD) at Abbott Laboratories come out on top, and their salaries approach $134K per year.
The highest-paying skill to have in this role seems to be Financial Analysis; employees claiming this as part of the toolbox earn a median of around $91K annually. Project Management is regularly seen around here; nearly one in six of those surveyed report it as a core competency. Three more common skills are Microsoft Office, Data Analysis, and Microsoft Excel.
Benefits and Perks
A third of survey participants have paid vacation, and only about a quarter of workers can take paid time off for illness. Quite a few retirement plans are on offer at Abbott Laboratories, including a 401(k) plan and a company pension plan. A large number of employees have health insurance, and benefits for most respondents also include dental insurance. Abbott Laboratories also dishes out privileges such as tuition reimbursement, life insurance, and a casual working environment.