When it comes to location, the highest average paycheck ($89K annually) can be spotted in Milwaukee, Wisc.; Aurora, Ill. (around $87K), San Diego, Calif. ($86K), and the company's headquarter city of Peoria, Ill. ($80K) are the next top-paying cities. At about $57K, Nashville, Tenn. is home to some of the lowest pay in the country. The highest pay by state can be found in California, where salaries average out at approximately $90K per year.
Years of Experience
Survey participants who have worked at Caterpillar, Inc. for between five and 10 years earn around $75K annually on average. The largest fraction of Caterpillar, Inc. people (29 percent) have been working for one to four years and earn $71K per year on average.
Design Engineers are awarded the highest paychecks, with compensation nearing approximately $76K annually on average; Buyers are next on the list, bringing in close to $75K, followed by Electrical Engineers earning about $74K and Mechanical Engineers making $73K. Earning only $55K on average, Information Technology Support Analysts make less than most people in the company.
Certifications and Degrees
Certified ITIL Leaders have significantly higher pay than non-accredited workers at $100K per year. Acquiring certification to be a Certified Six Sigma Black Belt is rewarded with median pay of approximately $95K annually. The best paid folks at Caterpillar, Inc. have a Doctorate (PhD), earning about $131K per year.
Employees who count Project Management among their skills enjoy higher pay; the median for this group is around $90K annually. Microsoft Excel is a popular skill among Caterpillar, Inc. workers, with slightly less than one-fifth of those surveyed reporting using it on the job. 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 a quarter of employees take sick leave. Most workers participate in the company's 401(k) retirement savings plan. For most employees, benefits include health insurance, and a large number of survey participants get dental coverage, too. Privileges also include life insurance, tuition reimbursement, relocation expenses, and a casual working environment.