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Average Salary for Caterpillar, Inc. Employees

Caterpillar, Inc. is a construction machinery and equipment firm headquartered in Peoria, Illinois that hires for Design Engineer positions, Manufacturing Engineer roles, and more. Caterpillar, Inc. employees typically bring home $66K annually. Geography is the biggest factor affecting pay for Caterpillar, Inc. workers, followed by your role at the company and how long you've been working. The data in this summary comes from the PayScale salary survey.

How This Employer Pays

Caterpillar, Inc. typically pays:
6%
above market
Similar employers pay:
-7%
below market
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$33K$66K$99K
[-]Design Engineer (20)
$56,432 - $95,423  
   
[-]Design Engineer (20)
Salary$58,175 - $85,788  
   
Bonus$-0.50 - $12,122  
Profit Disbursement$644 - $8,810  
Total Pay$56,432 - $95,423  
[+]Mechanical Engineer (13)
$54,886 - $95,439  
   
[+]Mechanical Engineer (13)
Salary$65,436 - $86,684  
   
Bonus$1,304 - $18,237  
Total Pay$54,886 - $95,439  
[+]Manufacturing Engineer (12)
$36,113 - $96,893  
   
[+]Manufacturing Engineer (12)
Salary$54,349 - $86,417  
   
Bonus$785 - $10,245  
Total Pay$36,113 - $96,893  
[+]Welder (9)
$29,279 - $75,240  
   
[+]Welder (9)
Bonus$65.42 - $2,875  
   
Total Pay$29,279 - $75,240  
 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: 9 Nov 2014 | Individuals Reporting: 342
United States (change)

Caterpillar, Inc. Details

100 NE ADAMS ST
Peoria, Illinois 61629

1925

Construction Machinery and Equipment

97,444

Caterpillar, Caterpillar Inc

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

Locations

Median pay is highest in East Peoria ($111K per year), followed by Minneapolis ($99K), Milwaukee ($87K), and the company's headquarter city of Peoria (approximately $77K). Joliet is near the bottom for pay at around $70K. By state, the highest compensation levels appear in Minnesota, where the average salary is about $99K annually.

Jobs

Senior Mechanical Engineers earn the highest median pay at approximately $93K, followed by Senior Mechanical Design Engineers ($93K), Mechanical Engineers (around $77K), and Buyers (about $75K). Earning only $65K, Manufacturing Engineers make less than most people in the company.

Years of Experience

Staying at the company for five to ten years brings notable financial rewards; the average income in this window is $73K per year. For the most part, a representative employee at Caterpillar, Inc. has been working for one to four years and makes around $68K annually.

Certifications and Degrees

Those lacking certification bring in much lower salaries than Project Management Certificate Holders, who make approximately $110K. Salaries typically rise to $100K per year for accredited Certified ITIL Leaders. The highest-paying degree here is a Doctorate (PhD); Caterpillar, Inc. awards $112K to these degree-holders.

Skills

The highest paying skill to have in this role seems to be Product Development; employees claiming this as part of the toolbox earn a median of $93K. Engineering Design is a popular skill in the Caterpillar, Inc. workforce; a little less than one-fifth of those surveyed report putting it to use in their jobs. Employees also tend to round out their skills sets with Project Management, Microsoft Excel, and Microsoft Office.

Benefits and Perks

Only one-half of workers at Caterpillar, Inc. enjoy paid vacation time, and just 31 percent can take sick leave. Almost all employees save up for retirement through a 401(k) plan. Health insurance is part of the package for the greater part of workers, and for most workers, dental coverage is too. Caterpillar, Inc. employees also enjoy perks such as life insurance, tuition reimbursement, relocation expenses, and a casual working environment.

Key Stats

Female
21 %
Male
79 %
Salary
$30,966 - $85,223
Salary
$50,685 - $90,852
Less than 1 year
3%
1-4 years
38%
5-9 years
23%
10-19 years
21%
20 years or more
15%
Highly satisfied
Rated 4 out of 5
based on 96 votes.

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