Nearing the top of the pay scale are Staff Engineers, Supply Chain Managers, Product Engineers, and Senior Mechanical Engineers; while the first receives the highest median pay at $125K, the other salaries come in at approximately $111K, about $110K, and $103K, respectively. Lam Research Incorporated hands out some of the smallest paychecks to Mechanical Engineers (around $63K).
Years of Experience
Workers who have been with the company for more than one year but less than five can typically make $89K. For those with five to nine years of experience, average earnings amount to around $100K. Broken down by tenure, the largest share of Lam Research Incorporated employees (48 percent) have 10-19 years of experience and typically earn $103K per year.
When it comes to location, the highest average paycheck (about $118K annually) can be spotted in San Jose; Tualatin (approximately $100K), the company's headquarter city of Fremont ($100K), and Santa Clara ($94K) are the next top-paying cities. Approaching the lower end of the pay scale (at about $88K) is Portland. By state, Lam Research Incorporated employees make the most in California, earning $104K per year on average.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Project Management Professionals, who make around $137K. Salaries typically rise to approximately $121K annually for accredited Certified Six Sigma Black Belts. It pays to have a Master of Science (MS), Mechanical Engineering (ME) at Lam Research Incorporated — these employees make the most at $120K per year.
In this role, the best-paying skill appears to be Product Development; individuals who claim it among their capabilities enjoy a higher median salary of $125K. A common skill in Lam Research Incorporated's work force is Project Management; one in five of survey participants report using it on the job. Other skills in demand are Microsoft Excel, Data Analysis, and Microsoft Office.
The number of male employees outweighs the number of women; Lam Research Incorporated has a male-to-female ratio of more than 3 to 1.
Benefits and Perks
To plan for old age, nearly all workers maintain savings accounts through the company's 401(k) plan. Lam Research Incorporated provides health insurance to the vast majority of workers, and the greater part of workers do receive dental coverage. Other privileges include a stock purchase plan, a casual working environment, tuition reimbursement, stock options, and a subsidized cell phone.