Years of Experience
Respondents who have been working for five to nine years make $76K annually on average. The largest fraction of Covidien people (31 percent) have been working for one to four years and earn approximately $62K per year on average.
When it comes to location, the highest average paycheck ($120K annually) can be spotted in Minneapolis, Minn.; Boulder, Colo. (around $97K), Boston, Mass. ($92K), and New Haven, Conn. (about $80K) are the next top-paying cities. North Haven, Conn. is near the bottom for pay at $64K. By state, Covidien employees make the most in Minnesota, earning around $113K per year on average.
Senior Product Development Engineers are awarded the highest paychecks, with compensation nearing approximately $98K annually on average; Senior Mechanical Engineers are next on the list, bringing in close to about $96K, followed by Engineering Project Managers earning $86K and Medical Devices Quality Engineers making $74K. Among the lower-paid positions at Covidien are Product Development Engineers — the median salary for this role approaches $66K.
Certifications and Degrees
Certified SolidWorks Professionals earn $111K per year, far more than their non-accredited counterparts. Becoming a Certified Six Sigma Black Belt can certainly pay off here; those folks make around $102K on average. Employees who have a Doctorate (PhD) make the most here, hauling in about $118K annually.
Employees who count Product Development among their skills enjoy higher pay; the median for this group is approximately $96K per year. Project Management is a popular skill among Covidien workers, with just under a fourth of those surveyed reporting using it on the job. Employees also tend to know Microsoft Office, Microsoft Excel, and Engineering Design.
Benefits and Perks
Only one-half of employees at Covidien enjoy paid vacation time, and just 23 percent can take sick leave. Nearly all survey participants set aside retirement funds in an employer-sponsored 401(k). A large number of employees have health insurance, and benefits for a large number of survey participants also include dental insurance. Other privileges include a stock purchase plan, life insurance, tuition reimbursement, and a subsidized cell phone.