Average Salary for Caterpillar, Inc. Employees

Headquartered in Peoria, Ill., Caterpillar, Inc. offers a range of employment opportunities in the construction machinery and equipment, from Design Engineer to Manufacturing Engineer. An average Caterpillar, Inc. employee can expect to make $68K annually. Though how long you've been working and what you do at the company are influential salary factors for those at Caterpillar, Inc., geography turns out to have the greatest impact on paycheck size. This report is based on answers to PayScale's salary questionnaire.

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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

Locations

When it comes to location, the highest average paycheck (approximately $91K per year) can be spotted in Milwaukee, Wisc.; the company's headquarter city of Peoria, Ill. (around $80K), Chicago, Ill. ($77K), and Lafayette, Ind. ($75K) are the next top-paying cities. Decatur, Ill. is one of the lowest-paid cities, with earnings averaging about $58K. By state, Caterpillar, Inc. employees make the most in North Carolina, earning $93K annually on average.

Years of Experience

Average pay is $78K per year for those with five to nine years of experience. Overall, the greater share of Caterpillar, Inc. folks have one to four years of experience and earn an average approximately $70K annually.

Jobs

Nearing the top of the pay scale are Six Sigma Black Belt Project Managers, Senior Mechanical Engineers, Buyers, and Design Engineers; while the first receives the highest median pay at $97K per year, the other salaries come in at about $97K, $78K, and around $76K, respectively. Manufacturing Engineers make an average approximately $74K, close to the bottom of the company pay scale.

Certifications and Degrees

Monetary compensation comes to $100K annually for Certified Six Sigma Black Belts, far surpassing the earnings of non-credentialed workers. Bigger paychecks are awarded to Certified Professional Engineers with credentials; these people earn around $90K per year on average. Employees who have a Master of Business Administration (MBA), Accounting make the most here, hauling in $116K annually.

Skills

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 $89K per year. Microsoft Office is a popular skill in the Caterpillar, Inc. workforce; just under one-fifth of those surveyed report putting it to use in their jobs. Other skills in demand are Microsoft Excel, Engineering Design, and Data Analysis.

Benefits and Perks

Paid time off is scarce, with only about 37 percent receiving paid vacation and approximately one-fifth of workers receiving sick leave. A large number of employees save up for retirement through a 401(k) plan. Health insurance is part of the package for most workers, and for most respondents, dental coverage is too. Caterpillar, Inc. employees also enjoy perks such as life insurance, tuition reimbursement, relocation expenses, and a casual working environment.

Caterpillar, Inc. Job Listings

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Key Stats for Caterpillar, Inc.

Gender

Female
20 %
Male
80 %
Salary
$44,385 - $91,834
Salary
$55,006 - $94,903
Less than 1 year
6%
1-4 years
37%
5-9 years
20%
10-19 years
24%
20 years or more
14%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 71 votes.
$56,930 - $97,908
$52,000 - $106,000
Bachelor of Science, Mechanical Engineering (BSME)
$71,517 - $95,761
$54,248 - $99,470
$60,408 - $95,316

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