When it comes to location, the highest average paycheck ($104K annually) can be spotted in Boulder, Colo.; Minneapolis, Minn. (around $100K), New Haven, Conn. ($80K), and North Haven, Conn. ($71K) are the next top-paying cities. Greenwood, S.C. is near the bottom for pay at approximately $42K. By state, the highest compensation levels appear in Colorado, where the average salary is about $98K per year.
Years of Experience
Workers who have been with the company for more than one year but less than five can make approximately $60K annually on average. For those with five to nine years of experience, average earnings amount to about $85K per year. The greater proportion of employees (35 percent) report 10-19 years of experience and bring home median pay of around $93K annually.
Senior Software Engineers earn the highest median pay at $108K per year, followed by Senior Product Development Engineers ($98K), Senior Mechanical Engineers ($95K), and Medical Device Sales Representatives ($75K). Product Development Engineers are among the lowest paid at a median salary of about $61K.
Certifications and Degrees
Those lacking certification bring in much lower salaries than ASQ Certified Quality Auditors, who make around $120K annually. Certified Six Sigma Black Belts with credentials can live quite comfortably; median salaries come in at $118K per year. Covidien workers who hold a Master of Business Administration (MBA), Business Administration are also well compensated, earning approximately $105K on average.
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 $98K annually. A skill that is commonly seen around here is Microsoft Office; nearly one in five deem it necessary for work. Employees also tend to round out their skills sets with Data Analysis, Microsoft Excel, and Project Management.
Benefits and Perks
Almost all respondents plan for retirement by taking advantage of the company-sponsored 401(k) program. Most workers can count on health insurance, and a fair number of employees have dental coverage as a benefit. The list of perks also includes a stock purchase plan, life insurance, a subsidized cell phone, tuition reimbursement, and a casual working environment.