When it comes to location, the highest average paycheck ($125K annually) can be spotted in Minneapolis, Minn.; Boulder, Colo. ($97K), Boston, Mass. ($89K), and Irvine, Calif. (approximately $83K) are the next top-paying cities. On the lower end is Mansfield, Mass. at around $62K. The highest pay by state can be found in Minnesota, where salaries average out at about $110K per year.
Years of Experience
For those with five to nine years of experience, average earnings amount to approximately $78K annually. The largest fraction of Covidien people (33 percent) have been working for one to four years and earn $62K per year on average.
The highest average salaries go to Senior Product Development Engineers, who bring in close to $98K annually, though Senior Mechanical Engineers are not far behind at around $96K along with Senior Process Engineers (about $90K) and Quality Assurance Analysts ($68K). Product Development Engineers are among the lowest paid at a median salary of approximately $63K.
Certifications and Degrees
Being a Certified SolidWorks Professional certainly has its perks — salaries approach $111K per year and far exceed the paychecks of those without certification. Bigger paychecks are awarded to Certified Six Sigma Black Belts with credentials; these people earn about $102K annually on average. The best paid folks at Covidien have a Doctorate (PhD), earning around $118K 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 $98K annually. Project Management is regularly seen around here; roughly one in five of those surveyed report it as a core competency. Employees also tend to round out their skills sets with Data Analysis, Engineering Design, and Microsoft Excel.
Benefits and Perks
Paid time off is in short supply here, with only 45 percent receiving paid vacation and 23 percent receiving paid sick days. Covidien sponsors a 401(k) program, and nearly all survey participants use this option to save for their retirement. Most survey participants receive health insurance, and a large number of survey participants get dental coverage. Privileges also include a stock purchase plan, life insurance, tuition reimbursement, and a subsidized cell phone.