Years of Experience
For those with one to four years of experience, median paychecks reach around $60K annually. Respondents who have been working for five to nine years make approximately $80K per year on average. The greater proportion of employees (47 percent) report 10-19 years of experience and bring home median pay of $88K annually.
When it comes to location, the highest average paycheck (about $115K per year) can be spotted in Mansfield, Mass.; Boulder, Colo. ($115K), North Haven, Conn. ($94K), and Seattle, Wash. (around $86K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Irvine, Calif. — at $65K, salaries are some of the lowest in the country. By state, the highest pay levels are found in Massachusetts, where the average Covidien employee makes about $115K annually.
Medical Device Sales Representatives earn the highest median pay at approximately $75K per year, followed by Project Coordinators ($70K) annually.
Certifications and Degrees
Being a Certified Six Sigma Black Belt certainly has its perks — salaries approach $118K per year and far exceed the paychecks of those without certification. Bigger paychecks are awarded to ASQ Certified Quality Engineers with credentials; these people earn approximately $105K annually on average. Covidien provides the highest financial reward to those with a Master of Business Administration (MBA), Business Administration — these employees rake in $105K per year.
In this role, the best-paying skill appears to be Product Development; individuals who claim it among their capabilities enjoy a higher median salary of around $125K annually. A skill that is commonly seen around here is Project Management; just over a fifth deem it necessary for work. Key skills also include Microsoft Office, Microsoft Excel, and Data Analysis.
Benefits and Perks
Just one in eight respondents receive paid time off. Almost all workers save for retirement through Covidien's 401(k) plan. Most employees receive health insurance, and most respondents get dental coverage. Advantages of working here also include a subsidized cell phone, a casual working environment, life insurance, and gym membership.