Years of Experience
Five to nine years of work experience seem to result in median wages of about $76K per year. Overall, the greater share of Covidien folks have one to four years of experience and earn an average $62K annually.
When it comes to location, the highest average paycheck ($120K per year) can be spotted in Minneapolis, Minn.; Boulder, Colo. (around $96K), Boston, Mass. (approximately $89K), and New Haven, Conn. ($80K) are the next top-paying cities. Approaching the lower end of the pay scale (at about $64K) is North Haven, Conn. By state, the highest compensation levels appear in Minnesota, where the average salary is $112K annually.
Senior Product Development Engineers represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at $98K per year — though Senior Mechanical Engineers, Engineering Project Managers, and Medical Devices Quality Engineers also do fairly well at around $96K, $86K, and approximately $74K, respectively. With salaries averaging around $66K, Product Development Engineers are among the lowest paid at Covidien.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Certified SolidWorks Professionals, who make $111K annually. Earning a Certified Six Sigma Black Belt certification garners significant financial rewards of $102K per year on average. Regarding salaries and education, Covidien pays those with a Doctorate (PhD) the most — $118K.
In this position, it pays to have Product Development in your toolkit; employees who claim proficiency enjoy a higher median salary of about $96K annually. One of the more prevalent skills at Covidien is Project Management, with slightly less than a fourth considering it a key competency. Employees also tend to round out their skills sets with Microsoft Office, Microsoft Excel, and Engineering Design.
Benefits and Perks
Paid time off is hard to come by at Covidien; the company rewards only one-half of respondents with paid vacation time and only 23 percent with sick leave. Almost all workers report contributing to a 401(k). A large number of workers report having health insurance, and most workers report having dental coverage. Privileges also include a stock purchase plan, life insurance, tuition reimbursement, and a company cell phone.