Senior Product Engineers are awarded the highest paychecks, with compensation nearing around $118K annually on average; Product Engineers are next on the list, bringing in close to $110K, followed by Process Engineer, Semiconductors earning about $108K and Process Engineers making $105K. Financial compensation for Administrative Assistants is rather low — on average only approximately $71K — relative to the rest of the company.
Residents of San Jose, Calif. pick up paychecks that are higher than any other city — the median salary is $119K per year; other top-paying cities include the company's headquarter city of Fremont, Calif. (approximately $104K) and Portland, Ore. ($78K). Across Lam Research Incorporated's U.S. offices, employees in the state of California earn the most, taking home $106K annually.
Years of Experience
Five to nine years of work experience seem to result in median wages of about $95K per year. The greater proportion of employees (41 percent) report one to four years of experience and bring home median pay of around $96K annually.
Certifications and Degrees
Engineer in Trainings earn $99K per year, far more than their non-accredited counterparts. It pays to have a B.A. in Bachelor of Arts (BA) at Lam Research Incorporated — these employees make the most at $112K annually.
The highest-paying skill to have may be Manufacturing Process Engineering; employees who claim proficiency also report a higher average salary of around $110K per year. A garden variety skill at Lam Research Incorporated is Engineering Design; more than a third of Lam Research Incorporated's people use it regularly. Other top skills include Data Analysis, Product Development, and Computer Aided Design.
At Lam Research Incorporated, there are significantly more males who responded to the survey than females — the male-to-female ratio is more than 3 to 1.
Benefits and Perks
For employees looking to save up for their golden years, Lam Research Incorporated provides an optional 401(k) plan, and the vast majority of respondents participate. Lam Research Incorporated provides health insurance to a large number of survey participants, and a large number of respondents do receive dental coverage. Employees can also look forward to a stock purchase plan, a subsidized cell phone, life insurance, gym membership, and stock options.