Years of Experience
Between the one and five year mark, median pay is about $73K per year. Five to nine years of work experience seem to result in median wages of $96K annually. When we consider tenure, a substantial portion of employees (42 percent) have been working for 10-19 years and make $119K per year on average.
When it comes to location, the highest average paycheck (around $129K annually) can be spotted in East Hanover, N.J.; San Francisco, Calif. ($120K), Cambridge, Mass. (approximately $115K), and San Diego, Calif. ($100K) are the next top-paying cities. Expected earnings are below average ($91K) in Raleigh, N.C., one of the lowest-paid cities. Within the company, workers earn the highest salaries (an average of around $122K per year) in New Jersey.
Medical Science Liaisons earn the highest median pay at about $125K annually, followed by Operations Managers ($121K), Sales Associates (approximately $118K), and Senior Sales Executives (around $109K). Near the bottom at Novartis are Pharmaceuticals Sales Representatives, pulling in an average of just approximately $87K.
Certifications and Degrees
Project Management Professionals receive bigger paychecks ($142K per year) than those without credentials. Becoming a Registered Pharmacist can certainly pay off here; those folks make about $125K on average. Novartis workers who hold a Master of Business Administration (MBA), Finance are also well compensated, earning $181K on average.
Employees who count Strategic Planning among their skills enjoy higher pay; the median for this group is $147K annually. Project Management is regularly seen around here; just under a fifth of those surveyed report it as a core competency. Employees also tend to know Microsoft Excel, Field Sales, and Leadership.
Benefits and Perks
Benefits packages do tend to lack paid time off; Novartis gives paid vacation days to 38 percent and sick leave to a quarter of respondents. To plan for old age, a strong majority of respondents maintain savings accounts through the company's 401(k) plan. Health insurance comes as part of the deal for most respondents, and a large number of respondents report receiving dental coverage as well. Other privileges include life insurance, a subsidized cell phone, a casual working environment, and tuition reimbursement.