Nearing the top of the pay scale are Information Technology Directors, Senior Process Engineers, Biotechnology Senior Research Scientists, and Research Scientists; while the first receives the highest median pay at $164K per year, the other salaries come in at $121K, around $106K, and $73K, respectively. Financial compensation for Associate Research Scientists is rather low — on average only about $70K — relative to the rest of the company.
Years of Experience
Workers who have been with the company for more than one year but less than five can make approximately $80K annually on average. Respondents who have been working for five to nine years make about $74K per year on average. The largest fraction of Biogen Idec people (31 percent) have been working for 10-19 years and earn around $107K annually on average.
When it comes to location, the highest average paycheck ($100K per year) can be spotted in Boston, Mass.; the company's headquarter city of Cambridge, Mass. (approximately $85K), Durham, N.C. ($82K), and Cary, N.C. ($76K) are the next top-paying cities. Within the company, workers earn the highest salaries (an average of $87K annually) in Massachusetts.
Certifications and Degrees
Biogen Idec provides the highest financial reward to those with a Bachelor's Degree — these employees rake in about $89K per year.
The highest-paying skill to have may be People Management; employees who claim proficiency also report a higher average salary of $150K annually. A common skill in Biogen Idec's work force is Molecular Biology; approximately one in five of survey participants report using it on the job. Biotechnology, Project Management, and Data Analysis are also desirable skills.
Benefits and Perks
Nearly all respondents save up for retirement through a 401(k) plan. A large number of employees report having health insurance, and a fair number of survey participants report having dental coverage. Additional benefits of working here are life insurance, tuition reimbursement, a stock purchase plan, flexible hours, and a casual working environment.