Average Salary for Caterpillar, Inc. Employees

Operating out of Peoria, Ill., construction machinery and equipment sector company Caterpillar, Inc. employs talent in positions ranging from Design Engineer to Mechanical Engineer. The average employee at Caterpillar, Inc. takes home $66K per year. Though your role at the company and your experience level are influential salary factors for those at Caterpillar, Inc., your city turns out to have the greatest impact on paycheck size. The data in this summary comes from the PayScale salary survey.

Employer: Caterpillar, Inc.
Average Salary Range by Job
Job (Number Reporting)
National Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
[-]Design Engineer (20)
$56,432 - $95,423  
   
[-]Design Engineer (20)
Salary$58,175 - $85,788  
   
Bonus$-0.50 - $12,122  
Profit Disbursement$737 - $9,432  
Total Pay$56,432 - $95,423  
[+]Mechanical Engineer (13)
$32,149 - $95,439  
   
[+]Mechanical Engineer (13)
Salary$57,016 - $102,320  
   
Bonus$1,240 - $18,980  
Total Pay$32,149 - $95,439  
[+]Manufacturing Engineer (12)
$36,113 - $96,893  
   
[+]Manufacturing Engineer (12)
Salary$49,024 - $90,831  
   
Bonus$737 - $11,719  
Total Pay$36,113 - $96,893  
[+]Welder (9)
$29,125 - $74,351  
   
[+]Welder (9)
Bonus$56.88 - $2,357  
   
Total Pay$29,125 - $74,351  
 Precise Range (?
XPrecise ranges are calculated based on validated data submitted by employees in this job at this company.
)     Estimated Range (?
XWhen PayScale has limited employee-submitted data, we base estimated ranges on a broader set of relevant employee profiles to calculate the most accurate ranges for this job at this company.
)
Country: United States | Currency: USD | Updated: 6 Dec 2014 | Individuals Reporting: 343
United States (change)

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

Locations

When it comes to location, the highest average paycheck (approximately $111K annually) can be spotted in East Peoria; Minneapolis ($99K), Milwaukee (around $82K), and the company's headquarter city of Peoria (about $77K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Joliet — at $75K, salaries are some of the lowest in the country. Caterpillar, Inc. workers in Minnesota earn the most — $99K per year on average.

Jobs

Senior Mechanical Engineers rake in the most money, with average earnings of $93K; Senior Mechanical Design Engineers come in second with typical earnings amounting to approximately $93K, while Mechanical Engineers and Buyers rank near the top as well (around $77K and about $75K, respectively). Financial compensation for Manufacturing Engineers is rather low — only $67K — relative to the rest of the company.

Years of Experience

Survey participants who have worked at Caterpillar, Inc. for between five and ten years earn $74K on average. The largest slice of the Caterpillar, Inc. workforce (31 percent) has been working for one to four years and earns around $68K annually.

Certifications and Degrees

Being a Project Management Certificate Holder certainly has its perks — salaries approach $110K and far exceed the paychecks of those without certification. Becoming a Certified ITIL Leader can certainly pay off here; those folks make approximately $100K. Caterpillar, Inc. compensates Doctorate (PhD)-holders the most at $110K per year.

Skills

When it comes to skills, Product Development seems to bolster pay the most; employees who claim proficiency also enjoy a median income of about $93K. Project Management is regularly seen around here; approximately one-fifth of those surveyed report it as a core competency. Other top skills include Engineering Design, Microsoft Excel, and Pro/Engineer.

Benefits and Perks

Only half of workers at Caterpillar, Inc. enjoy paid vacation time, and just one in three workers can take sick leave. The vast majority of workers set aside retirement funds in an employer-sponsored 401(k). Health insurance is part of the package for a strong majority of workers, and for a fair portion of workers, dental coverage is too. Advantages of working here also include life insurance, tuition reimbursement, relocation expenses, and a casual working environment.

Key Stats for Caterpillar, Inc.

Gender

Female
21 %
Male
79 %
Salary
$30,841 - $85,965
Salary
$51,275 - $90,353
Less than 1 year
3%
1-4 years
37%
5-9 years
24%
10-19 years
22%
20 years or more
14%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 95 votes.

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