Years of Experience
Those with one to four years of experience at the company can expect to make about $71K annually on average. Average pay is around $81K per year for those with five to nine years of experience. Broken down by tenure, the largest share of Abbott Laboratories employees (35 percent) have 10-19 years of experience and earn $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. (approximately $89K), and the company's headquarter city of North Chicago, Ill. (around $79K) are the next top-paying cities. At approximately $71K, Columbus, Ohio is home to some of the lowest pay in the country. By state, New Jersey offers the highest pay at $114K annually.
Earning $88K per year on average, Biotechnology Senior Research Scientists receive the most money, followed by Regulatory Affairs Specialists ($86K), Process Engineers (about $84K), and Medical Devices Quality Engineers (around $77K). Near the bottom at Abbott Laboratories are Financial Analysts, pulling in an average of just approximately $65K.
Certifications and Degrees
Salaries approach $122K annually for Certified Professional Engineers; non-accredited workers make much less. Becoming a Project Management Professional can certainly pay off here; those folks make $110K on average. It pays to have a Doctorate (PhD) at Abbott Laboratories — these employees make the most at about $144K per year.
The highest-paying skill to have may be Product Development; employees who claim proficiency also report a higher average salary of $89K annually. A garden variety skill at Abbott Laboratories is Project Management; slightly less than one-fifth of Abbott Laboratories' people use it regularly. Key skills also include Microsoft Office, Microsoft Excel, and Data Analysis.
Benefits and Perks
Only a third of workers at Abbott Laboratories enjoy paid vacation time, and just a quarter of workers can take sick leave. Workers wishing to put aside retirement money are in luck; Abbott Laboratories sponsors various plans such as a 401(k) plan and a company pension plan. For a large number of survey participants, benefits include health insurance, and a large number of workers get dental coverage, too. Privileges also include tuition reimbursement, life insurance, and a subsidized cell phone.