Senior Systems Engineers are awarded the highest paychecks, with compensation nearing around $148K annually on average; Contracts Managers are next on the list, bringing in close to about $129K, followed by Program Project Managers earning $116K and Senior Electrical Engineers making approximately $112K. DRS Technologies, Inc. hands out some of the smallest paychecks to Mechanical Engineers ($63K on average).
Years of Experience
Those who have five to nine years of work experience see average salaries of $64K per year. Workers who have been with the company for more than one year but less than five can make $67K annually on average. When we consider tenure, a substantial portion of employees (38 percent) have been working for 10-19 years and make about $103K per year on average.
When it comes to location, the highest average paycheck (approximately $100K annually) can be spotted in Fort Walton Beach, Fla.; Herndon, Va. (around $91K), St. Louis, Mo. ($89K), and Tampa, Fla. ($82K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Washington, DC — at about $63K, salaries are some of the lowest in the country. Within the company, workers earn the highest salaries (an average of $130K per year) in Maryland.
Certifications and Degrees
Monetary compensation comes to $118K annually for Project Management Certificate Holders, far surpassing the earnings of non-credentialed workers. Employees who have a Bachelor of Science in Mechanical Engineering (ME) make the most here, hauling in $115K per year.
When it comes to skills, employees who report Customer Relationship Management among their abilities seem to make the most, reporting a median income of around $122K annually. Microsoft Office is regularly seen around here; just under one in five of those surveyed report it as a core competency. Engineering Design, Project Management, and Microsoft Excel are also desirable skills.
Benefits and Perks
Paid time off is in short supply here, with only 45 percent receiving paid vacation and one-seventh of respondents receiving paid sick days. For employees looking to save up for their golden years, DRS Technologies, Inc. provides an optional 401(k) plan, and almost all employees participate. At DRS Technologies, Inc., most employees have health insurance, and a large number of respondents have dental coverage. DRS Technologies, Inc. employees also enjoy perks such as tuition reimbursement, life insurance, flexible hours, and gym membership.