Years of Experience
For those with one to four years of experience, median paychecks reach around $64K annually. For those with five to nine years of experience, average earnings amount to $81K per year. The greater proportion of employees (31 percent) report 10-19 years of experience and bring home median pay of $102K annually.
When it comes to location, the highest average paycheck (about $118K per year) can be spotted in Cambridge, Mass.; Fort Myers, Fla. ($116K), Allentown, Pa. (approximately $90K), and the company's headquarter city of Indianapolis, Ind. (around $87K) are the next top-paying cities. Bridgewater, N.J. ranks low on the pay scale — at $70K, it is one of the lowest-paid cities. Within the company, workers earn the highest salaries (an average of $105K annually) in Florida.
Research Scientists represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at about $100K per year — though Statisticians, Clinical Trial Managers, and Pharmaceutical Field Sales Representatives also do fairly well at approximately $93K, $90K, and around $85K, respectively. Eli Lilly and Company hands out some of the smallest paychecks to Biologists ($60K on average).
Certifications and Degrees
Registered Patent Attorneys receive bigger paychecks ($166K annually) than those without credentials. Earning a Chartered Accountant certification garners significant financial rewards of $149K per year on average. Eli Lilly and Company provides the highest financial reward to those with a Certificate (Cert), Accounting — these employees rake in about $149K annually.
In this position, it pays to have Clinical Research in your toolkit; employees who claim proficiency enjoy a higher median salary of approximately $102K per year. Folks here also tend to know Project Management; on the survey, around a sixth of workers named it in their skills portfolios. Employees also tend to round out their skills sets with Data Analysis, Quality Assurance / Quality Control, and Microsoft Excel.
Benefits and Perks
Workers can easily stock up on retirement savings by participating in several options such as a 401(k) plan and a company pension plan. Perks cover health insurance for almost all survey participants and dental coverage for the vast majority of employees. Privileges also include gym membership, a subsidized cell phone, life insurance, and a casual working environment.