Years of Experience
Five to nine years of work experience seem to result in median wages of approximately $77K annually. Overall, the greater share of Caterpillar, Inc. folks have one to four years of experience and earn an average around $69K per year.
When it comes to location, the highest average paycheck ($85K annually) can be spotted in Milwaukee, Wisc.; the company's headquarter city of Peoria, Ill. ($79K), Decatur, Ill. (about $78K), and San Diego, Calif. ($78K) are the next top-paying cities. At $57K, Nashville, Tenn. is home to some of the lowest pay in the country. Across Caterpillar, Inc.'s U.S. offices, employees in the state of Illinois earn the most, taking home $80K per year.
Senior Mechanical Design Engineers rake in the most money, with average earnings of about $92K annually; Mechanical Engineers come in second with average earnings amounting to approximately $79K, while Buyers and Electrical Engineers rank near the top as well (around $75K and $74K, respectively). On the lower end are Manufacturing Engineers at around $68K on average.
Certifications and Degrees
Being a Certified ITIL Leader certainly has its perks — salaries approach $100K per year and far exceed the paychecks of those without certification. On average, salaries rise to $97K annually for accredited Certified Six Sigma Black Belts. Employees who have a Doctorate (PhD) make the most here, hauling in about $110K per year.
The highest-paying skill to have may be Engineering Design; employees who claim proficiency also report a higher average salary of approximately $89K annually. Project Management also popped up often in the survey as an important skill; just under a fourth of employees surveyed report using it at work. Microsoft Excel, Microsoft Office, and Data Analysis round out the set of key employee skills.
Benefits and Perks
44 percent receive paid vacation, and only 29 percent get sick leave. Nearly all respondents take advantage of the 401(k) plan that Caterpillar, Inc. sponsors. Almost all survey participants receive health insurance, and most survey participants get dental coverage. The list of perks also includes life insurance, tuition reimbursement, relocation expenses, and a casual working environment.