Years of Experience
Five to nine years of work experience seem to result in median wages of $85K per year. The greater proportion of employees (30 percent) report one to four years of experience and bring home median pay of about $69K annually.
When it comes to location, the highest average paycheck ($110K per year) can be spotted in Santa Rosa, Calif.; Minneapolis, Minn. (around $92K), Los Angeles, Calif. ($88K), and Jacksonville, Fla. (approximately $82K) are the next top-paying cities. Portsmouth, N.H. ranks low on the pay scale — at around $65K, it is one of the lowest-paid cities. Medtronic, Inc. workers in California earn the most — $89K annually on average.
Nearing the top of the pay scale are Senior Systems Engineers, Senior Mechanical Engineers, Medical Devices Quality Engineers, and Medical Devices Clinical Specialists; while the first receives the highest median pay at $99K per year, the other salaries come in at $95K, approximately $81K, and about $77K, respectively. Medtronic, Inc. hands out some of the smallest paychecks to Medical Device Sales Representatives (around $60K on average).
Certifications and Degrees
Monetary compensation comes to $130K annually for APICS Certification in Production and Inventory Managements, far surpassing the earnings of non-credentialed workers. Becoming a Project Management Professional can certainly pay off here; those folks make $105K on average. Medtronic, Inc. provides the highest financial reward to those with a Master of Business Administration (MBA), Business & Marketing — these employees rake in approximately $136K per year.
In this position, it pays to have Product Development in your toolkit; employees who claim proficiency enjoy a higher median salary of $109K annually. Project Management is a popular skill in the Medtronic, Inc. workforce; nearly one-fifth of those surveyed report putting it to use in their jobs. Engineering Design, Microsoft Excel, and Microsoft Office are also desirable skills.
Benefits and Perks
Paid time off is scarce, with only about a third of respondents receiving paid vacation and just over a fifth of workers receiving sick leave. Almost all workers plan for retirement by taking advantage of the company-sponsored 401(k) program. Health insurance comes as part of the deal for the vast majority of respondents, and most employees report receiving dental coverage as well. Privileges also include life insurance, a stock purchase plan, tuition reimbursement, and a casual working environment.