Bringing in the most money are Principal Scientists — their earnings average $121K annually. Biotechnology Senior Research Scientists are a close second at $93K along with Manufacturing Engineers (approximately $88K) and Mechanical Engineers (about $82K). With salaries averaging around $59K, Financial Analysts are among the lowest paid at Abbott Laboratories.
Years of Experience
Respondents who have been working for five to nine years make $86K per year on average. Those with one to four years of experience at the company can expect to make approximately $69K annually on average. When we consider tenure, a substantial portion of employees (35 percent) have been working for 10-19 years and make about $100K per year on average.
When it comes to location, the highest average paycheck ($120K annually) can be spotted in Santa Clara, Calif.; San Francisco, Calif. ($100K), Abbott Park, Ill. (around $94K), and Dallas, Texas ($93K) are the next top-paying cities. Approaching the lower end of the pay scale (at $83K) is North Chicago, Ill. The highest pay by state can be found in New Jersey, where salaries average out at around $108K per year.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Certified ScrumMasters, who make $124K annually. Becoming a SAS Certified Advanced Programmer for SAS 9 can certainly pay off here; those folks make approximately $120K on average. At Abbott Laboratories, employees who hold a Master of Business Administration (MBA) receive the highest salaries at $127K.
When it comes to skills, Product Development seems to bolster pay the most; employees who claim proficiency also enjoy a median income of about $99K per year. Project Management is regularly seen around here; nearly one in five of those surveyed report it as a core competency. Microsoft Office, Data Analysis, and Quality Assurance / Quality Control round out the set of key employee skills.
Benefits and Perks
Benefits packages do tend to lack paid time off; Abbott Laboratories gives paid vacation days to 29 percent and sick leave to 23 percent. Employees can save for retirement by joining one of several savings plans such as a 401(k) plan and a company pension plan. A large number of survey participants can count on health insurance, and a fair number of survey participants have dental coverage as a benefit. Some other advantages of working at Abbott Laboratories are tuition reimbursement, life insurance, and a subsidized cell phone.