When it comes to location, the highest average paycheck (about $144K per year) can be spotted in Berkeley, Calif.; Whippany, N.J. ($103K), Baytown, Texas (approximately $95K), and Houston, Texas (around $74K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Mishawaka, Ind. — at $31K, salaries are some of the lowest in the country. Pay rates in the United States are highest in the state of California, where they average to $130K annually.
Years of Experience
Those who have five to nine years of work experience see average salaries of $91K per year. Broken down by tenure, the largest share of Bayer Corporation employees (30 percent) have one to four years of experience and earn $71K annually on average.
Senior Business Consultants are the best paid with the average salary hovering at around $115K per year; Clinical Trial Managers, Process Engineers, and Mechanical Engineers also rank near the top of the list, pulling in about $97K, approximately $73K, and $70K, respectively. Financial compensation for Manufacturing Engineers is rather low — on average only $61K — relative to the rest of the company.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Registered Nurses, who make about $106K annually. Earning a Certified Professional Engineer certification garners significant financial rewards of $103K per year on average. Those with a Master of Science (MS), Chemical Engineering at Bayer Corporation come out on top, and their salaries approach $110K annually.
In this role, the best-paying skill appears to be Clinical Research; individuals who claim it among their capabilities enjoy a higher median salary of approximately $104K per year. Folks here also tend to know Project Management; on the survey, nearly one in four of workers named it in their skills portfolios. Employees also tend to round out their skills sets with Microsoft Excel, Chemical Process Engineering, and Microsoft Office.
Benefits and Perks
Although the firm compensates approximately half for vacation days, it only pays one in four respondents for sick time. A 401(k) program is available, and most respondents use it to save for retirement. Bayer Corporation provides health insurance to the vast majority of survey participants, and most survey participants do receive dental coverage. Other privileges include life insurance, a casual working environment, a stock purchase plan, and a company cell phone.