Nearing the top of the pay scale are Senior Systems Engineers, Principal Software Engineers, Contracts Managers, and Program Project Managers; while the first receives the highest median pay at around $148K per year, the other salaries come in at $132K, approximately $129K, and about $116K, respectively. Financial compensation for Electrical Engineers is rather low — on average only $62K — relative to the rest of the company.
Years of Experience
Those with one to four years of experience at the company can expect to make $64K annually on average. Survey participants who have worked at DRS Technologies, Inc. for between five and 10 years earn $64K per year on average. Broken down by tenure, the largest share of DRS Technologies, Inc. employees (35 percent) have 10-19 years of experience and earn about $107K annually on average.
When it comes to location, the highest average paycheck (approximately $110K per year) can be spotted in Herndon, Va.; St. Louis, Mo. ($108K), Fort Walton Beach, Fla. ($100K), and Melbourne, Fla. (around $96K) are the next top-paying cities. Expected earnings are below average ($63K) in Washington, DC, one of the lowest-paid cities. DRS Technologies, Inc. workers in Maryland earn the most — approximately $130K annually on average.
Certifications and Degrees
Project Management Professionals are compensated at a much higher rate than non-authorized workers, bringing in close to around $120K per year. Project Management Certificate Holders also rank high on the pay scale, with expected average earnings of $118K annually. The best paid folks at DRS Technologies, Inc. have a Bachelor of Science in Mechanical Engineering (ME), earning $115K per year.
Employees who count Customer Relationship Management among their skills enjoy higher pay; the median for this group is about $122K annually. A garden variety skill at DRS Technologies, Inc. is Engineering Design; slightly less than one-fifth of DRS Technologies, Inc.'s people use it regularly. Microsoft Office, Project Management, and Microsoft Excel were also reported by many survey participants.
Benefits and Perks
Paid time off is in short supply here, with only 45 percent receiving paid vacation and one-seventh of survey participants receiving paid sick days. The vast majority of survey participants allocate some part of their earnings to the company-sponsored 401(k) savings plan. Almost all respondents report having health insurance, and a large number of employees report having dental coverage. The list of perks also includes tuition reimbursement, life insurance, flexible hours, and a casual working environment.