When it comes to location, the highest average paycheck ($111K per year) can be spotted in Mansfield, Mass.; Boulder, Colo. (around $103K), Seattle, Wash. (about $86K), and North Haven, Conn. ($73K) are the next top-paying cities. Greenwood, S.C. is one of the lowest-paid cities, with earnings averaging $42K. Across its U.S. offices, the state of Massachusetts pays Covidien the most — approximately $111K annually on average.
Years of Experience
For those with one to four years of experience, median paychecks reach $58K per year. Survey participants who have worked at Covidien for between five and 10 years earn approximately $95K annually on average. The largest fraction of Covidien people (40 percent) have been working for 10-19 years and earn $91K per year on average.
Bringing in the most money are Senior Product Development Engineers — their earnings average $98K annually. Medical Device Sales Representatives are a close second at around $75K along with Project Coordinators (about $70K).
Certifications and Degrees
Being an ASQ Certified Quality Auditor certainly has its perks — salaries approach $120K per year and far exceed the paychecks of those without certification. Acquiring certification to be a Certified Six Sigma Black Belt is rewarded with median pay of $118K annually. At Covidien, employees who hold a Master of Business Administration (MBA), Business Administration receive the highest salaries at $105K.
When it comes to skills, employees who report Strategic Planning among their abilities seem to make the most, reporting a median income of approximately $124K per year. Folks here also tend to know Microsoft Office; on the survey, slightly less than one-fifth of workers named it in their skills portfolios. Other skills in demand are Microsoft Excel, Data Analysis, and Project Management.
Benefits and Perks
The vast majority of survey participants allocate some part of their earnings to the company-sponsored 401(k) savings plan. A large number of workers receive health insurance, and a fair number of survey participants get dental coverage. The company also dishes out perks such as a company cell phone, life insurance, tuition reimbursement, a stock purchase plan, and a casual working environment.