Average Salary for Caterpillar, Inc. Employees

Operating out of Peoria, Ill., construction machinery and equipment company Caterpillar, Inc. employs talent in positions ranging from Mechanical Engineer to Design Engineer. Caterpillar, Inc. pays its employees $72K annually on average. What you do at the company is the biggest factor affecting pay for Caterpillar, Inc. workers, followed by how long you've been working and geography. The data for this report comes from responses to the PayScale salary survey.

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Employer: Caterpillar, Inc.
Average Salary Range by Job

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About This Company

100 NE ADAMS ST
Peoria, Illinois 61629

1925

Construction Machinery and Equipment

97,444

Caterpillar, Caterpillar Inc


Freebase CC-BY Source: Freebase, licensed under CC-BY

Jobs

Senior Mechanical Design Engineers represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at $109K per year — though Senior Mechanical Engineers, Software Engineers, and Mechanical Engineers also do fairly well at $100K, around $81K, and $79K, respectively. Earning only approximately $74K on average, Manufacturing Engineers make less than most people in the company.

Years of Experience

For those with one to four years of experience, median paychecks reach about $69K annually. Those who have five to nine years of work experience see average salaries of $79K per year. The largest fraction of Caterpillar, Inc. people (27 percent) have been working for 10-19 years and earn approximately $96K annually on average.

Locations

When it comes to location, the highest average paycheck ($92K per year) can be spotted in Decatur, Ill.; the company's headquarter city of Peoria, Ill. ($86K), Chicago, Ill. (around $85K), and Milwaukee, Wisc. (about $84K) are the next top-paying cities. On the lower end is Nashville, Tenn. at $62K. By state, the highest pay levels are found in North Carolina, where the average Caterpillar, Inc. employee makes approximately $87K annually.

Certifications and Degrees

Certified Professional Engineers have significantly higher pay than non-accredited workers at $110K per year. Earning a Certified Six Sigma Black Belt certification garners significant financial rewards of $108K annually on average. Caterpillar, Inc. workers who hold a Master of Business Administration (MBA) are also well compensated, earning about $122K on average.

Skills

The highest-paying skill to have may be Project Management; employees who claim proficiency also report a higher average salary of around $96K per year. A relatively widespread skill at Caterpillar, Inc. is Microsoft Office; close to a fifth of employees use it for work. Microsoft Excel, Engineering Design, and Data Analysis were also reported by many survey participants.

Gender

Men make up the majority of employees who took the survey in a male-to-female ratio of more than 3 to 1.

Benefits and Perks

Paid time off is hard to come by at Caterpillar, Inc.; the company rewards only 37 percent with paid vacation time and only 19 percent with sick leave. A large number of workers save up for retirement through a 401(k) plan. The vast majority of employees receive health insurance, and a large number of respondents get dental coverage. Privileges also include life insurance, tuition reimbursement, flexible hours, and a casual working environment.

Caterpillar, Inc. Employer Job Listings

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Key Stats for Caterpillar, Inc.

Gender

Female
18 %
Male
82 %
Salary
$47,666 - $88,768
Salary
$57,956 - $100,239

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 115 votes.
Less than 1 year
4%
1-4 years
32%
5-9 years
23%
10-19 years
24%
20 years or more
17%
$60,979 - $98,010
$69,062 - $109,544
Bachelor of Science, Mechanical Engineering (BSME)
$77,631 - $106,685
$59,168 - $101,941
Location:
Years in Fields/Career:
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