Staff Engineers are awarded the highest paychecks, with compensation nearing approximately $126K annually on average; Electrical Engineers are next on the list, bringing in close to about $118K, followed by Supply Chain Managers earning $111K and Product Engineers making around $110K. Financial compensation for Manufacturing Production Planners is rather low — on average only $73K — relative to the rest of the company.
When it comes to location, the highest average paycheck ($127K per year) can be spotted in San Jose, Calif.; the company's headquarter city of Fremont, Calif. (about $108K), Santa Clara, Calif. (approximately $107K), and Tualatin, Ore. ($100K) are the next top-paying cities. High paychecks are not found in Livermore, Calif.; in fact, at $85K it is one of the worst-paid cities. Within the firm, employees working in California take home the most — around $109K annually on average.
Years of Experience
Workers who have been with the company for more than one year but less than five can make $100K per year on average. For those with five to nine years of experience, average earnings amount to around $104K annually. When we consider tenure, a substantial portion of employees (43 percent) have been working for 10-19 years and make approximately $114K per year on average.
Certifications and Degrees
Project Management Professionals earn about $146K annually, far more than their non-accredited counterparts. Acquiring certification to be a APICS Certification in Production and Inventory Management is rewarded with median pay of $100K per year. Regarding salaries and education, Lam Research Incorporated pays those with a Master of Science (MS), Mechanical Engineering (ME) the most — $128K.
The best-paying skill to have in this role appears to be Test Engineering; employees who claim this ability report median compensation of $127K annually. One of the more prevalent skills at Lam Research Incorporated is Project Management, with just over one in five considering it a key competency. Microsoft Excel, Microsoft Office, and Engineering Design were also reported by many survey participants.
Lam Research Incorporated's employees who answered the questionnaire are largely male (the male-to-female ratio is more than 3 to 1).
Benefits and Perks
Almost all respondents contribute to 401(k) savings accounts sponsored by the firm. Nearly all workers report having health insurance, and a large number of employees report having dental coverage. Perks also include a stock purchase plan, a company cell phone, tuition reimbursement, stock options, and gym membership.