When it comes to location, the highest average paycheck ($130K annually) can be spotted in San Jose, Calif.; Santa Clara, Calif. (approximately $107K), the company's headquarter city of Fremont, Calif. ($107K), and Tualatin, Ore. (about $100K) are the next top-paying cities. Expected earnings are below average ($85K) in Livermore, Calif., one of the lowest-paid cities. Across Lam Research Incorporated's U.S. offices, employees in the state of California earn the most, taking home around $109K per year.
Staff Engineers are awarded the highest paychecks, with compensation nearing $126K annually on average; Electrical Engineers are next on the list, bringing in close to $118K, followed by Supply Chain Managers earning about $111K and Product Engineers making $111K. On the lower end are Mechanical Engineers at around $87K on average.
Years of Experience
Five to nine years of work experience seem to result in median wages of approximately $104K per year. For those with one to four years of experience, median paychecks reach $102K annually. The largest fraction of Lam Research Incorporated people (41 percent) have been working for 10-19 years and earn about $114K per year on average.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Project Management Professionals, who make approximately $146K annually. APICS Certification in Production and Inventory Managements with credentials can live quite comfortably; median salaries come in at $100K per year. Lam Research Incorporated workers who hold a Master of Science (MS), Mechanical Engineering (ME) are also well compensated, earning around $128K on average.
Employees who count Test Engineering among their skills enjoy higher pay; the median for this group is $127K annually. Project Management is considered a run-of-the-mill skill; nearly one in five of Lam Research Incorporated's people use it regularly. Many workers are also familiar with Engineering Design, Microsoft Excel, and Microsoft Office.
With a more than 3 to 1 male-to-female ratio, men represent the better half of Lam Research Incorporated's employees who responded to the survey.
Benefits and Perks
Nearly all employees save for retirement through Lam Research Incorporated's 401(k) plan. Nearly all survey participants receive health insurance, and a large number of employees get dental coverage. Lam Research Incorporated folks also make good use of a stock purchase plan, a company cell phone, tuition reimbursement, stock options, and gym membership.