Earning $122K annually on average, Clinical Operations Managers receive the most money, followed by Senior Clinical Research Associates (about $119K), Senior Event Managers ($88K), and SAS Programmers (around $82K). Clinical Research Monitors at Parexel do not see much in the way of financial compensation and represent one of the lower-paid positions (approximately $51K on average) at the company.
Years of Experience
Average pay is $75K per year for those with five to nine years of experience. Broken down by tenure, the largest share of Parexel employees (31 percent) have one to four years of experience and earn $62K annually on average.
When it comes to location, the highest average paycheck (about $115K per year) can be spotted in Philadelphia, Pa.; Durham, N.C. (approximately $78K), Boston, Mass. (around $73K), and Billerica, Mass. ($66K) are the next top-paying cities. High paychecks are not found in Raleigh, N.C.; in fact, at $63K it is one of the worst-paid cities. Pay rates in the United States are highest in the state of Pennsylvania, where they average to $113K annually.
Certifications and Degrees
Being a Registered Nurse certainly has its perks — salaries approach $115K per year and far exceed the paychecks of those without certification. Acquiring certification to be a Certified Clinical Research Associate is rewarded with median pay of approximately $91K annually. The highest-paying degree here is a Master of Science (MS); Parexel awards about $111K to these degree-holders.
When it comes to skills, Clinical Research seems to bolster pay the most; employees who claim proficiency also enjoy a median income of around $108K per year. Project Management is considered a run-of-the-mill skill; close to a seventh of Parexel's people use it regularly. Many workers are also familiar with Data Analysis, Microsoft Office, and Oral / Verbal Communication.
Benefits and Perks
35 percent have paid vacation, and only about a fifth of survey participants can take paid time off for illness. A solid majority of workers contribute to 401(k) savings accounts sponsored by the firm. The vast majority of respondents receive health insurance, and most respondents get dental coverage. The company also dishes out perks such as life insurance, tuition reimbursement, a casual working environment, and flexible hours.