Years of Experience
For those who claim five to nine years of work experience, pay on average amounts to $75K annually. Overall, the greater share of Caterpillar, Inc. folks have one to four years of experience and earn an average around $70K per year.
When it comes to location, the highest average paycheck ($87K annually) can be spotted in Aurora, Ill.; Milwaukee, Wisc. (about $87K), San Diego, Calif. ($86K), and the company's headquarter city of Peoria, Ill. (approximately $80K) are the next top-paying cities. On the lower end is Nashville, Tenn. at $57K. Caterpillar, Inc. workers in California earn the most — about $83K per year on average.
Mechanical Engineers are awarded the highest paychecks, with compensation nearing approximately $77K annually on average; Design Engineers are next on the list, bringing in close to $76K, followed by Buyers earning around $75K and Electrical Engineers making $73K. Financial compensation for Information Technology Support Analysts is rather low — on average only $55K — relative to the rest of the company.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Certified ITIL Leaders, who make approximately $100K per year. Acquiring certification to be a Certified Six Sigma Black Belt is rewarded with median pay of $95K annually. Caterpillar, Inc. workers who hold a Doctorate (PhD) are also well compensated, earning $131K on average.
The highest-paying skill in this position seems to be Project Management; individuals who report it as part of the repertoire have a median income of around $89K per year. A relatively widespread skill at Caterpillar, Inc. is Microsoft Excel; approximately one in six of employees use it for work. Three more common skills are Engineering Design, Microsoft Office, and Data Analysis.
Benefits and Perks
Caterpillar, Inc. lets only 43 percent take paid vacation and only one in four workers take sick leave. A large number of survey participants participate in the company's 401(k) retirement savings plan. Health insurance is part of the package for a large number of workers, and for most employees, dental coverage is too. Perks also include life insurance, tuition reimbursement, relocation expenses, and a casual working environment.