Executive Directors are awarded the highest paychecks, with compensation nearing about $250K annually on average; Medical Affairs Directors are next on the list, bringing in close to $180K, followed by Training Managers earning $107K and Clinical Trial Managers making $107K. Financial compensation for Administrative Assistants is rather low — on average only approximately $56K — relative to the rest of the company.
Years of Experience
Survey participants who have worked at Novartis for between five and 10 years earn around $92K per year on average. For those with one to four years of experience, median paychecks reach $68K annually. When we consider tenure, a substantial portion of employees (35 percent) have been working for 10-19 years and make around $115K per year on average.
When it comes to location, the highest average paycheck ($110K annually) can be spotted in Boston, Mass.; East Hanover, N.J. ($103K), Fort Worth, Texas (about $95K), and New York, N.Y. (approximately $87K) are the next top-paying cities. High paychecks are not found in Emeryville, Calif.; in fact, at around $73K it is one of the worst-paid cities. By state, Novartis employees make the most in New Jersey, earning $112K per year on average.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Project Management Professionals, who make $123K annually. Acquiring certification to be a Registered Pharmacist is rewarded with median pay of about $120K per year. The highest-paying degree here is a Doctorate (PhD); Novartis awards $135K to these degree-holders.
When it comes to skills, employees who report Leadership among their abilities seem to make the most, reporting a median income of approximately $142K annually. One of the more prevalent skills at Novartis is Project Management, with nearly one in seven considering it a key competency. Other skills in demand are Clinical Research, Microsoft Excel, and Microsoft Office.
Benefits and Perks
Paid time off is hard to come by at Novartis; the company rewards only two-fifths of survey participants with paid vacation time and only one in four survey participants with sick leave. For employees looking to save up for their golden years, Novartis provides an optional 401(k) plan, and a large number of survey participants participate. A large number of employees can count on health insurance, and most respondents have dental coverage as a benefit. Some other advantages of working at Novartis are a subsidized cell phone, life insurance, a casual working environment, and tuition reimbursement.