When it comes to location, the highest average paycheck ($144K per year) can be spotted in Berkeley, Calif.; Whippany, N.J. (about $103K), Baytown, Texas ($95K), and Pittsburgh, Pa. (around $71K) are the next top-paying cities. Mishawaka, Ind. ranks low on the pay scale — at approximately $31K, it is one of the lowest-paid cities. By state, the highest compensation levels appear in North Carolina, where the average salary is $119K annually.
Years of Experience
Respondents who have been working for five to nine years make $93K per year on average. Broken down by tenure, the largest share of Bayer Corporation employees (33 percent) have one to four years of experience and earn around $69K annually on average.
Senior Business Consultants earn the highest median pay at $115K per year, followed by Clinical Trial Managers (approximately $97K), Mechanical Engineers ($70K), and Process Engineers (about $68K). Financial compensation for Financial Controllers is rather low — on average only around $62K — relative to the rest of the company.
Certifications and Degrees
Monetary compensation comes to $130K annually for Project Management Professionals, far surpassing the earnings of non-credentialed workers. Becoming a Registered Nurse can certainly pay off here; those folks make about $106K on average. The highest-paying degree here is a Master of Science (MS), Chemical Engineering; Bayer Corporation awards $110K to these degree-holders.
When it comes to skills, Marketing Management seems to bolster pay the most; employees who claim proficiency also enjoy a median income of approximately $137K per year. Project Management also popped up often in the survey as an important skill; just under a fourth of employees surveyed report using it at work. Some other standard skills here are Chemical Process Engineering, Microsoft Excel, and Financial Analysis.
Benefits and Perks
One-half of survey participants receive paid vacation, and only 28 percent get sick leave. Bayer Corporation sponsors a 401(k) program, and a large number of workers use this option to save for their retirement. The vast majority of employees receive health insurance, and a strong majority of survey participants get dental coverage. Some other advantages of working at Bayer Corporation are life insurance, a stock purchase plan, tuition reimbursement, and a casual working environment.