Years of Experience
For those with one to four years of experience, paychecks typically reach $68K. For those who claim five to nine years of work experience, pay generally amounts to approximately $86K. The greater proportion of employees (32 percent) report 10-19 years of experience and bring home $107K per year.
Nearing the top of the pay scale are Lead Software Engineers, IT Program Managers, Senior Mechanical Engineers, and Electrical Engineers; while the first receives the highest median pay at $114K, the other salaries come in at about $110K, around $101K, and $86K, respectively. Near the bottom at General Electric Co (GE) are Mechanical Engineers, pulling in just $73K.
Median pay is highest in Niskayuna (about $100K annually), followed by Louisville ($97K), Schenectady (around $94K), and Houston (approximately $93K). Those interested in increasing earning potential should avoid the city of Erie — at around $76K, salaries are some of the lowest in the country. Pay rates in the United States are highest in the state of California, where they average to about $114K per year.
Certifications and Degrees
Salaries approach $125K for Professional Engineer License Holders; non-accredited workers make much less. Becoming a Certified Six Sigma Black Belt can certainly pay off here; those folks make approximately $124K. It pays to have a law degree at General Electric Co (GE) — these employees make the most at $215K annually.
The highest-paying skill in this position seems to be Budget Management; individuals who report it as part of the repertoire have a median income of $115K. Project Management is a popular skill in the General Electric Co (GE) workforce; slightly more than a fifth of those surveyed report putting it to use in their jobs. Many workers usually know Engineering Design, Microsoft Office, and Microsoft Excel as well.
Benefits and Perks
Paid time off is in short supply here, with only 44 percent receiving paid vacation and 35 percent receiving paid sick days. With an eye toward the future, General Electric Co (GE) offers several choices in retirement planning such as a 401(k) plan and a company pension plan. Health insurance is part of the package for the vast majority of workers, and for a strong majority of workers, dental coverage is too. Employees can also look forward to life insurance, a company cell phone, and tuition reimbursement.