Years of Experience
Between the one and five year mark, median pay is $69K annually. Those who have five to nine years of work experience see average salaries of approximately $85K per year. Broken down by tenure, the largest share of General Electric Co (GE) employees (32 percent) have 10-19 years of experience and earn around $103K annually on average.
Bringing in the most money are Lead Software Engineers — their earnings average about $107K per year. Senior Mechanical Engineers are a close second at $100K along with Software Engineers ($76K) and Mechanical Engineers ($75K). Earning only approximately $70K on average, Process Engineers make less than most people in the company.
When it comes to location, the highest average paycheck ($95K annually) can be spotted in Houston, Texas; Greenville, S.C. (about $91K), Louisville, Ky. ($90K), and Schenectady, N.Y. (around $87K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Cleveland, Ohio — at approximately $81K, salaries are some of the lowest in the country. Within the firm, employees working in California take home the most — about $111K per year on average.
Certifications and Degrees
Certified Six Sigma Black Belts are compensated at a much higher rate than non-authorized workers, bringing in close to $125K annually. Earning a Certified Professional Engineer certification garners significant financial rewards of $122K per year on average. General Electric Co (GE) workers who hold a law degree are also well compensated, earning $215K on average.
When it comes to skills, employees who report People Management among their abilities seem to make the most, reporting a median income of around $118K annually. A skill that is commonly seen around here is Project Management; roughly one in five deem it necessary for work. Key skills also include Engineering Design, Microsoft Office, and Microsoft Excel.
Benefits and Perks
Paid time off is in short supply here, with only two in five employees receiving paid vacation and 30 percent receiving paid sick days. Quite a few retirement plans are on offer at General Electric Co (GE), including a 401(k) plan and a company pension plan. Perks cover health insurance for almost all workers and dental coverage for a large number of employees. Privileges also include a subsidized cell phone, life insurance, and tuition reimbursement.